Bitcoin nears all-time high at $122K, Ethereum at $4,308, signaling market rotation and possible shift toward Ethereum dominance.
Analysts split: some see BTC to $150K, others warn of a September peak and sharp correction.
Ethereum’s market cap enters global top 25, boosted by regulation clarity and rising institutional interest.
On the morning of August 11, 2025, the cryptocurrency market reached an exciting milestone. Bitcoin broke above $122,000, only $900 away from its all-time high. This is not only a price jump, but also a signal that the whole crypto ecosystem is in a high-level consolidation stage.
Based on the latest market data, Bitcoin is now about $122,000 with a 24-hour trading volume of $75.1 billion. At the same time, Ethereum also performed strongly. Its year-to-date gain has matched Bitcoin, breaking $4,200 and now around $4,308, with a 24-hour volume of $37 billion. This “dual-leader” situation shows the rotation of funds between crypto assets and may indicate the market is at a key turning point.
HISTORICAL ROTATION IN CRYPTOCURRENCY
Bitcoin, known as “digital gold,” often leads the direction of the entire industry. This breakout above $122,000 shows the bull market is still on, but analysts are divided on how long it can last.
Crypto analyst Orbion said the current rotation pattern—from Bitcoin to Ethereum to smaller coins—is very similar to the peaks before crashes in 2017 and 2021. In 2017, Bitcoin peaked in December, then money quickly moved into Ethereum and altcoins. After the January “altseason,” the market crashed. In 2021, Bitcoin peaked in November, and fund outflow caused a pullback.
Not all views are bearish. Analyst Murphy gives a more positive short-term view. He says Bitcoin has stabilized near $120,000, with strong support at $117,000, moving inside an upward channel. The first short-term target is $125,000, and if it breaks and holds, it could move toward $137,000. Analyst Sykodelic even predicts Bitcoin will reach the $140k–$150k range.
These different views show Bitcoin still has room to rise in the short term, but mid-term risks remain. Faster rotation of funds may signal a shift from Bitcoin dominance to Ethereum dominance.
FROM “ETHEREUM SEASON” TO POSSIBLE SURGE
As Bitcoin trades at high levels, capital rotation is moving focus to Ethereum. Analyst Axel Bitblaze said the market is now in “Ethereum season.” Full “altseason” has not arrived yet, but after breaking $4,200, Ethereum has big potential.
Greeks.Live analyst Adam pointed out that Ethereum’s implied volatility for major maturities is 65%–70%, much higher than Bitcoin, showing strong expectations for price movement. This higher volatility comes from technical breakouts and from investor confidence in Ethereum’s ecosystem.
Recent X (Twitter) searches show many analysts expect Ethereum season to start, with targets between $6,000 and $8,000. This suggests short-term gains may continue, but the range of long-term targets shows investors should be aware of volatility.
ETHEREUM MILESTONE: A SIGN OF MAINSTREAM FINANCE INTEGRATION
Ethereum’s strength is not only in price. Over the weekend, its market cap surged to about $520 billion, entering the top 25 global assets for the first time, ranking 23rd—above Netflix but below Exxon Mobil.
HashKey chief analyst Jeffrey Ding sees this as a sign of deeper integration of crypto assets into mainstream finance. From a regulatory view, the U.S. SEC gave clear exemption to liquid staking, saying it is not a securities offering. This removes legal uncertainty and allows ETF products to include yield features, likely attracting more institutional funds and pushing industry standardization.
On the market side, more institutional holdings and higher on-chain activity show capital is moving from traditional assets into crypto. As a high-liquidity asset, Ethereum benefits from global inflation hedging demand and has big potential for market cap growth. From a Web3 view, these policy benefits will speed up DeFi and NFT innovation, strengthen Ethereum’s role as core infrastructure, and promote cross-chain and real-world asset integration, possibly reshaping the global digital finance system.
OUTLOOK: OPPORTUNITIES AND RISKS COEXIST
In short, the market is shifting from Bitcoin dominance to Ethereum strength. This rotation is similar to past cycles but now comes with new opportunities from regulations and institutional inflows.
In the short term, the market is more bullish—Bitcoin may test higher targets, and Ethereum may set new highs. In the mid-term, investors should watch for possible late September peak signals and avoid pullbacks caused by fund outflows.
Focus on capital flow, volatility, and macro factors like interest rate decisions. Diversify risk and avoid FOMO buying. In this fast-changing digital era, rational thinking and forward planning are key to catching opportunities.
〈Bitcoin and Ethereum Rotation and Outlook〉這篇文章最早發佈於《CoinRank》。
