The Market’s Standoff

DAILY MARKET OVERVIEW

Waiting Game

👋 Hey, Crypto Enthusiasts! We’re seeing a slight bounce in the market, but don’t get too excited just yet.

Bitcoin is still putting in lower highs, which means this can’t be seen as a real reversal yet. ETF outflows continue, showing that institutions and retail are staying cautious.

The dollar ticked higher after the release of the Federal Reserve’s July meeting minutes.

What are Fed minutes ❓️ 

They’re basically the official notes from the Fed’s last policy meeting. They give us a look inside the room, what the central bankers discussed, what they were worried about, and how they’re leaning for the next decisions.

📝 The key takeaway from these July minutes: the Fed is more worried about inflation staying too high than about the job market slowing down.

To put that in context: the meeting happened before the weak July jobs report came out. So even though hiring cooled, the Fed is still signaling it won’t rush to cut interest rates. Their main focus is keeping inflation under control.

• Another signal of hesitation, the Coinbase premium indicator is falling, showing U.S. investors aren’t stepping in to buy aggressively.

All this leads us to tomorrow’s main event: Jerome Powell’s speech.

Options data shows Bitcoin traders are split nearly 50/50 between betting on a move higher or lower. The market is basically stuck in “wait and see” mode. Powell’s tone will decide whether we get relief or more pressure.

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SOCIAL SENTIMENT

Kanye, Coins, and Quiet Confidence

The headline grabber today: Kanye West launched the YZY Token on Solana.

The token pumped at launch, then quickly sold off. Like every celebrity coin, there are whispers of insiders and value extraction. What’s telling here is that neither YZY nor Solana saw lasting momentum. That shows how cautious and skeptical the market is right now.

Meanwhile, another big story: a whale wallet that withdrew 15,000 BTC from HTX and Binance seven years ago (worth $95M at the time) just resurfaced.

The wallet:

• Sold its BTC using Hyperliquid

• Opened long positions on ETH

This reveals two things:

1. Big traders believe ETH has bottomed against BTC and expect it to outperform.

2. Confidence in Hyperliquid is growing – moving such large capital there is a major sign of trust.

Overall, this move is bullish for both ETH and HYPE in the medium term.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

DBS Bank to Tokenize Structured Notes on Ethereum
DBS Bank will tokenize structured notes on Ethereum, starting with crypto-linked products distributed via ADDX, DigiFT, and HydraX.

Tether and Circle to Meet South Korean Banks
Executives from Tether and Circle will meet South Korea’s largest banks to discuss distributing USDT/USDC and developing won-backed stablecoins.

MetaMask to Launch mUSD Stablecoin This Year
MetaMask will release mUSD, a wallet-native stablecoin issued by Stripe-owned Bridge and backed by Treasurys, debuting on Ethereum and Linea.

Nasdaq to Delist Windtree Therapeutics
Nasdaq will delist Windtree Therapeutics after its stock plunged below $1, despite the firm’s recent $500M investment plan for BNB tokens.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – ETH / BTC (21.08.2025 Summary)

Benjamin Cowen shared his thoughts on Ethereum’s performance against Bitcoin. Right now, ETH/BTC sits around 0.038. Historically, whenever Ethereum hits its regression band (on the USD chart), that’s when ETH/BTC tends to bottom out. Based on that, Cowen thinks ETH has already bottomed against BTC for this cycle.

• In the short term, he expects ETH/BTC could push up toward 0.04 or slightly above, but he also warns that resistance is likely around those levels. September often marks turning points for Bitcoin dominance, so he believes ETH may find a local top around that time, followed by a pullback. Ideally, ETH would then form a higher low before moving up again.

He also cautions against expecting “the flippening” (ETH overtaking BTC). While ETH has been putting in higher lows over multiple cycles, it also keeps making lower highs. His view is that ETH can still perform well but within the same pattern it has followed before.

Overall, ETH/BTC looks constructive, but Cowen expects some turbulence over the next couple of months with possible recovery into late 2025.

Jesse Eckel – Is The Crypto Bull Run OVER? (21.08.2025 Summary)

Jesse Eckel argues that the current dip does not mean the bull run is finished. He points out a few key reasons:

• Seasonal weakness: August is historically one of the weakest months for crypto, often showing negative returns. Combine that with over-leverage in the market, and the recent sell-off made sense.

• Liquidity factors: The US government’s Treasury account rebuild is temporarily draining liquidity, which is bearish in the short term. This should run through September.

• Big catalysts ahead: The Fed is widely expected to cut rates in September. If that happens, it could flip sentiment very bullish going into October, which is historically the strongest month for Bitcoin. On top of that, altcoin ETF approvals could kickstart a true alt season in late October.

Importantly, Jesse highlights that none of the 30 most reliable cycle-top indicators have flashed yet. In past cycles, these have always triggered near market tops. Right now, zero are signaling.

His base case: the bull run continues into 2026, with October 2025 likely being a major ignition point for altcoins.

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