OTC Weekly Trading Insights (08/29/2025)

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Bitcoin's trendline finally broke - just as I'd feared. That $108k support level got tested exactly as predicted, and honestly, I'm not impressed with how BTC responded. That Friday surge after Powell spoke? Pure short squeeze, nothing substantial backing it. The weekend selling just confirmed my suspicions - this market lacks real conviction.

Meanwhile, Ethereum's been absolutely crushing it. Tom Lee's tweets aren't just random noise - Bitmine Immersion's aggressive ETH accumulation strategy is reshaping the market. I've watched that ETH/BTC ratio climb to 0.4141 - an 83% jump since Lee took the chairman position! The big boys are clearly choosing sides here, pulling ETH off exchanges at rates I've rarely seen. This trend has legs.

Solana enthusiasts think they're getting the next ETH rally, but they're deluding themselves. Without a dedicated ETF and lacking the institutional backing Ethereum enjoys, SOL will underperform long-term. Their TPS advantage means little when traditional finance is pouring millions into Ethereum's ecosystem. The market fails to appreciate just how massive this gap really is.

After Powell's dovish talk briefly excited the market, I'm betting on weeks of BTC sideways action. That PCE data dropping Friday could kill any hope for a September rate cut if it runs hot. Bitcoin would crumble back to $108k in that scenario - and who knows if that support holds twice?

ETF flows tell the real story - Bitcoin's attracting tepid interest despite brief price rallies, while ETH continues drawing serious capital. The market's speaking clearly: Ethereum has become the institutional darling while Bitcoin struggles for direction.

The macro picture remains mixed - US jobless claims rising, manufacturing taking a hit, but services expanding nicely. Powell's signaled rate cuts coming, abandoning that strict 2% inflation target that's been strangling the market. About time.

Looking ahead, my money's on ETH outperforming BTC through this consolidation phase. The fundamentals simply favor Ethereum right now, and money follows strength, not sentiment.

#BTC #ETF #ETH

BTC0.04%
ETH1.36%
SOL3.24%
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