The cryptocurrency market exhibits high volatility and growth, with Ethereum striving for records and Bitcoin setting new historical limits.
Key Market Events
The latest cryptocurrency derivatives analysis from Bybit and Block Scholes reports significant changes in the market. Ethereum (ETH) surged more than 20% in the past week, while Bitcoin reached a historic high of $124,000 following President Trump's executive order allowing investment in digital assets through retirement funds.
Institutional Demand for Ethereum
Ethereum's rally is bolstered by record institutional inflows. On August 11, 2025, a single-day inflow of $1 billion into Ethereum Spot ETFs was recorded. Major firms like SharpLink Gaming and BitMine Immersion Technologies have emerged as key players, with BitMine surpassing 1 million ETH and planning to expand its equity program by $20 billion.
Bitcoin's Situation and Sentiment Reversal
After reaching $124,000, Bitcoin showed a sharp increase following a shift in derivatives sentiment. The Presidential order opened the doors for potentially $8.7 trillion in crypto space through retirement fund investments, leading to a significant rise in demand for short tenor contracts.
The state of the cryptocurrency market reflects positive trends and growth for both Ethereum and Bitcoin, supported by institutional investments and favorable legislation. Further developments are expected against the backdrop of increasing trading volumes and optimistic investor sentiment.
