The cryptocurrency market is showing activity amid forecasts and surges in tokens, including ETH, CEX, and Bitcoin. Let's look at the key events.
Forecasts for ETH
Polymarket users predict a 75% chance that ETH will hit its all-time high (ATH) by August 31. Currently, ETH is trading only about 5% below its record. This high probability indicates strong market confidence in ETH's short-term breakout potential with a relatively low 5% gap suggesting low technical resistance.
Surge of CEX Tokens
The market is experiencing a broad rally in centralized exchange (CEX) platform tokens, possibly driven by FOMO after a sharp spike in OKB. As of the report, OKB surged 200% to $134, Bitget's BGB rose 15.5% to $4.97, and Gate's GT increased by 31.1% to $19.16. The market shows optimism from increased trading volumes, favorable exchange policies, and renewed confidence in CEX ecosystems.
Bitcoin Leverage Ratio at Record High
CryptoQuant analyst Axel Adler Jr reports that in August 2025, Bitcoin’s estimated leverage ratio surpassed the +0.4 threshold, reaching its highest level in five years. This level historically coincides with peaks in leverage and heightened market fragility. The recent surge indicates a large influx of leveraged positions in the futures market as BTC approaches its ATH, increasing volatility and the risk of forced liquidations.
Market analysis indicates that cryptocurrencies like ETH and CEX tokens are on a potential growth path, though traders should closely monitor liquidation dynamics and manage leverage exposure.
