Key Notes
- Two Prime has deserted Ethereum after six years, citing its erratic habits and shaky fundamentals.
- On-chain metrics just like the Taker Purchase/Promote Ratio and whale revenue knowledge present rising purchase stress for BTC.
- Bitcoin is signaling potential continuation towards the $100K mark as younger whales now sit at 6% positive factors.
SEC-approved funding advisor Two Prime is formally chopping ties with Ethereum
ETH
$1 845
24h volatility:
2.6%
Market cap:
$222.72 B
Vol. 24h:
$14.22 B
after six years of publicity, citing underperformance and erratic market habits.
The agency introduced it would now focus completely on Bitcoin
BTC
$96 611
24h volatility:
2.1%
Market cap:
$1.92 T
Vol. 24h:
$29.09 B
, amid a surge in bullish sentiment and institutional inflows into the world’s largest digital forex.
ETH Is a Meme Coin?
Two Prime, as soon as the second-largest crypto-backed lender out there by way of its ETH and BTC lending arm, has described Ethereum’s current habits as “memecoin-like,” with erratic worth strikes and weak investor conviction.
The agency’s latest statement discussed Ethereum’s statistical unpredictability, noting that “the risk-reward is just unjustifiable at this level with BTC accessible in its place.”
Ethereum’s ratio towards Bitcoin has sunk to a five-year low, reflecting simply how dramatically the most important altcoin has fallen out of favor in 2025.
Large Shopping for Stress for Bitcoin
On-chain knowledge reveals a surge within the Taker Purchase/Promote Ratio on Binance, climbing to 1.142, the very best in its vary, indicating aggressive shopping for stress.
As of today’s incomplete data, CryptoQuant exhibits that the Ratio stands at $0.90. This means consumers are not ready for dips; they’re chasing the worth, additional bolstering Bitcoin’s bullish setup.
Moreover, since April 22, all Bitcoin whale cohorts, each short-term and long-term holders, have returned to profit.
Youthful whales, whose common value foundation was simply above $90K, now sit on positive factors exceeding 7%, with BTC at the moment buying and selling at $96,638.
Bitcoin Worth Evaluation: Will BTC Break Out?
Technical indicators on the every day chart beneath assist the bullish narrative. The RSI sits just under the overbought threshold at 69.5, indicating energy whereas nonetheless leaving room for upside.
The MACD stays in a transparent bullish crossover, with the blue MACD line accelerating above the orange sign line and histogram bars increasing positively.
BTC 1D Chart | Supply: TradingView
Fibonacci retracement ranges drawn from the $74,611 low to the $96,055 native excessive present that BTC has decisively reclaimed the 0.236 stage at $90,994 and is now consolidating above this zone.
This strengthens the case for a continuation in the direction of the $100K psychological stage and probably the following main resistance close to $108,000.
Nonetheless, any bearish pullback would seemingly discover assist close to the 0.382 Fib stage at $87,863 or the stronger confluence zone round $85,533 (0.5 Fib).
A break beneath $80K would invalidate the bullish construction, although present momentum makes that state of affairs more and more unlikely.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can also be an writer of 4 self-published books.
