Ah, my dear friends, on the thirteenth day of August, Ethereum decided to waltz forth, rising over 10% to a splendid $4,780! A feat so grand it can only be compared to a peacock flaunting its feathers! 🦚
The Foolishness of our Institutions and Analysts
Ethereum, that crafty little rascal, closed at nearly its priciest mark on the date mentioned above. Why, it danced upward like a squirrel chasing a nut, reaching $4,700 for the first time since November 2021! And for what? Well, it appears that since the sixth of August, when it briefly dallied under $3,600, Ethereum has rallied nearly 30%! A true marvel, indeed, stealing the spotlight from its altcoin companions! 🎭
Not only did dear Ethereum skip joyfully to $4,708 (at the ungodly hour of 5:15 a.m. EST), but it also helped revitalize the cryptocurrency ecosystem’s market cap, now a shimmering $4.1 trillion! In the process, our dear number two obliterated over $250 million worth of short bets-such destruction! One might think it was a scene from a comedy farce! 😂
Oh, the tale does not end here! The majority of Ethereum’s supply is basking in the delightful glow of profit. One illustrious KOL (Key Opinion Leader, for you uninitiated souls) named Ted Pillows predicts that the figure may soon reach an astounding 100%! Can you hear the trumpets? 🎺
“The Ethereum supply in lucro is now 97.22%. A mere trifle away from the grand 100%,” proclaimed the wise Ted! Aye, let us salute such optimism! 🥂
The digital treasure soared in tandem with whispers of Bitmine Immersions-our grand digital architect-who ardently wishes to gather $20 billion for its ETH hoard, aiming to seize 5% of the total circulating supply. Talk about a scheme fit for a master! Days before, Bitmine had upped its ETH holdings, amassing a fortune worth over $5 billion! 💰
Indeed, someone is pulling all the right strings, making Bitmine the third-largest holder of crypto treasure, just behind Michael Saylor and his merry band of Strategy and Marathon Digital Holdings. Oh, the intrigue! 😮
A Comic Capital Rotation
Alors! While some declare this strategy will reshape the ETH supply-demand ball, our Bitunix Analyst cautions that the effects shall linger like a bad perfume-long-term and not particularly fragrant! Beware of the selling pressure at the historical supply zone, my dear readers!
Ah, Koroush AK, founder of Zero Complexity Trading, proclaims that should ETH begin outperforming BTC, behold-capital flows might come rushing in like a tide! “This is your foretelling of the next wave crashing upon the shores of large-cap altcoins!” he quipped. 🍹
“Mark my words, when ETH demonstrates ‘clear strength’ over BTC, big fish like SOL, SUI, AVAX, and XRP may waddle their way to glory! Alas, but beware-this capital rotation might spin back faster than a juggler at a fair!” 🌀
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2025-08-13 16:42