Weekend to forget
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 4th August 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin On Mend After Harrowing Journey
Holders can breathe a small sigh of relief with Bitcoin shading mildly green as it regained a $114,000 handle. This was as of Monday at 7:30 a.m. (EST) and follows a Saturday sojourn to a three-week low near $112K.
The festival of blight kicked off on Friday. Stocks reacted negatively to tariff-related realities manifesting and also to some lackluster U.S. employment statistics. The puny figures surprised analysts and so rattled President Trump that he fired the head of the Bureau of Labor Statistics, producing its own separate chilling effect on Wall Street.
Some outlets reported the largest digital asset dipped below $112K at its low ebb this past weekend. Even whales were dumping, Cointelegraph noted.
By last night, however, BTC had found its way back to as high as $114.9K. The bounce comes amidst heightened volatility but also elevated institutional demand. So don't be entirely shocked if BTC perhaps makes a firm push above $115K, turning Saturday's skid into an unremembered blip and restoring the bullish base case, Cointelegraph explained.
Meanwhile, a handful of major altcoins are solidly green this morning, including the two biggest, Ethereum (+2%), XRP (+4%) and Dogecoin (+1%).
What's down
Speeding Crypto Vehicles Swerve
After 15 straight weeks of inflows, crypto funds saw red last week.
According to CoinShares, investor sentiment turned sour on Wednesday after Fed Chair Powell signaled that, when the central bank next meets in September, a rate cut was by no means assured.
The bucket of cold water on the prospect of monetary loosening helped create a situation in which global crypto exchange-traded vehicles experienced a deluge of outflows totaling $223M. And that was despite a robust start to the week, with $883M worth of inflows on Monday and Tuesday. BTC and ETH products are the primary vehicles that we're talking about here.
“Given we have seen $12.2B worth of net inflows over the last 30 days," CoinShares said, "it is perhaps understandable to see what we believe to be minor profit taking.”
For context, that $12.2B asset flood in July represents half of the total inflow haul for all of 2025.
What's next
BTC's Weighty Expectations
Volatility is back. Sellers, large and small, are sprouting up everywhere. Just on Friday, some 40,000 BTC was seen matriculating to exchanges — at a loss. And that's just the coins moved by short-term holders, entities "hodling" for no more than 180 days.
Bitcoin dipping to new three-week lows beneath $112K can be blamed on pretty much everyone, from minnow-sized retail investors to the most gigantic whales.
CryptoQuant reckons that what just took place this past weekend was a "market-wide de-risking" event.
Whale watchers were awed. The "exchange whale ratio," which tracks the proportion of inflows from whale wallets, reached “dominating” levels on Saturday, said Arab Chain, a CryptoQuant contributing analyst, per Cointelegraph.
“When large deposits coincide with whales dominating these deposits, the market typically enters a phase of selling pressure and rapid decline,” Arab Chain said. “If whales continue to deposit BTC to exchanges at the same pace, further pressure is expected.”
