KEYTAKEAWAYS
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Ethereum treasuries and ETFs now hold 7.4% of supply, signaling rising institutional adoption and potential upward price pressure.
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Tether CEO calls Bitcoin “certainty,” reinforcing its digital gold status amid macroeconomic uncertainty.
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Bitcoin ATH could trigger $793M short liquidations; drop below $120K risks $1.084B long liquidations.
CONTENT
ETHEREUM TREASURY HOLDINGS SURPASS 3 MILLION ETH
On August 11, data from StrategicEthReserve showed that Ethereum treasury strategy firms now hold a total of 3.04 million ETH, representing 2.51% of total supply. Ethereum ETFs collectively hold 5.91 million ETH, or 4.89% of supply.
ANALYSIS
The growing ETH accumulation by treasury strategy firms and ETFs signals strong institutional confidence in Ethereum as a store-of-value asset. With a larger share of supply locked up, upward demand pressure could amplify price volatility, especially as ETH recently reclaimed the $4,000 level. This institutional participation may help support a sustained long-term bull market.
TETHER CEO: “BITCOIN IS CERTAINTY”
Tether CEO Paolo Ardoino stated on X, “Bitcoin is certainty.”
ANALYSIS
Ardoino’s remark underscores Bitcoin’s perceived reliability in uncertain macroeconomic conditions. As head of the world’s largest stablecoin issuer, his endorsement reinforces the “digital gold” narrative, potentially boosting investor confidence and attracting further capital inflows into the Bitcoin ecosystem amid global monetary policy volatility.
BITCOIN ATH BREAKOUT COULD TRIGGER $793M IN SHORT LIQUIDATIONS
On August 11, Coinglass data indicated that if Bitcoin breaks its all-time high, cumulative short liquidations across major CEXs could reach $793 million. Conversely, a drop below $120,000 could trigger $1.084 billion in long liquidations.
ANALYSIS
This data highlights the highly leveraged nature of Bitcoin’s futures market. An ATH breakout could spark a cascade of short liquidations, accelerating price gains in a positive feedback loop. However, the larger liquidation potential on the long side shows market sentiment is bullish yet fragile. With BTC hovering near $120K, traders should remain cautious of sharp swings driven by leveraged positioning.
