Bitcoin News Today: Ethereum Surges as Bitcoin Stumbles in ETF-Driven Rebalance

Bitcoin faces a critical juncture as bearish pressure mounts, with key support levels under scrutiny from traders and analysts. Recent technical signals, including a bearish "death cross" on the MACD indicator and a potential breakdown below the $112,000 price zone, have raised alarms among market participants. Cryptocurrency analyst Ali Martinez, following the movement of large Bitcoin holders and social sentiment, warns that the risk of a further decline to $100,000 is increasing. According to data from Santiment, large whale activity has been significant, with 50,000 BTC, valued at approximately $6 billion, moved to exchanges over the past two weeks. This trend suggests a shift in positioning and could signal increased short-term volatility [3].

The broader market context adds to the uncertainty. Bitcoin has seen a 10% correction from its recent all-time high of $124,000, trading at around $111,191 at the time of writing [3]. Meanwhile, Ethereum has attracted substantially more inflows through spot ETFs, highlighting a potential shift in investor sentiment. Over the past five trading days, Ethereum ETFs recorded $1.83 billion in inflows, nearly 10 times the $171 million seen in Bitcoin ETFs over the same period. BlackRock’s ETHA led the surge, contributing $265 million in the latest inflow, marking five consecutive days of growth for the fund. Analysts suggest that Ethereum’s broader utility and recent legislative developments in the U.S., such as the GENIUS Act stablecoin bill, are contributing to its stronger performance [1].

The growing institutional participation in Ethereum ETFs further underscores the shifting dynamics. Investment advisers are now the largest holders of spot Ethereum ETFs, with $1.3 billion in exposure, a 68% increase from the previous quarter. This trend has been attributed to the increasing role of cryptocurrencies as long-term diversification tools in traditional portfolios. Vincent Liu of Kronos Research notes that as more advisers integrate Bitcoin and Ethereum ETFs into their offerings, digital assets are becoming more institutionalized. The price action of Ethereum—up 5% this week compared to Bitcoin’s 2.8% gain—reflects this growing confidence [1].

In contrast, Bitcoin’s immediate outlook appears more precarious. A key support level around $106,000 is now in focus, with a potential breakdown suggesting further downside to $100,000. Analysts caution that a loss of this level could trigger a broader sell-off, especially given the historically weak performance of Bitcoin in September. An AI model from Finbold has projected a sharp decline toward $98,000 should the support fail, citing both technical and seasonal factors. However, some analysts remain cautious about long-term bearishness, pointing to the 200-day moving average near $95,000 as a potential floor and the ongoing demand from ETFs and long-term holders [4].

As the market weighs these developments, the broader implications for the cryptocurrency ecosystem are becoming more evident. The rapid adoption of ETFs, particularly in Ethereum, signals a growing acceptance of digital assets within traditional financial systems. At the same time, Bitcoin’s volatility and shifting market dynamics highlight the need for continuous monitoring and strategic positioning. With institutional players increasingly involved and regulatory frameworks evolving, the coming weeks will be crucial in determining whether Bitcoin can stabilize and reassert its dominance or if Ethereum’s momentum continues to redefine the crypto landscape [2].

Source:

[1] Ethereum ETF Inflows Overtake Bitcoin ETFs by Nearly 10x in a Week (https://finance.yahoo.com/news/ethereum-etf-inflows-overtake-bitcoin-110746206.html)

[2] Ether ETFs capture 10x more inflows than Bitcoin in 5 days (https://cointelegraph.com/news/ether-etfs-captured-10x-more-inflows-than-bitcoin-in-last-5-days)

[3] Crypto Trader Issues Bitcoin Alert, Says BTC Printing Death Cross on One Indicator (https://dailyhodl.com/2025/08/28/crypto-trader-issues-bitcoin-alert-says-btc-printing-death-cross-on-one-indicator-heres-his-outlook/)

[4] AI model forecasts Bitcoin to fall below $100000 (https://dig.watch/updates/ai-model-forecasts-bitcoin-to-fall-below-100000)