😱【Explosion】Bitcoin still fluctuating around 63,000, but Ethereum has already “exploded”?!🤯

Big Bull$BTC ‌ Today, it’s bouncing back and forth within the $63,000-$64,000 range.

Yesterday, when it surged near 63,700, it was obvious that selling pressure above was heavy, and the upper Bollinger band around 63,660 is temporarily a hurdle.

The first line of defense below is around 63,000; if this level cannot hold, the scene might become a bit ugly.

The real dividing line between bulls and bears is at $64,000-$64,200; only with high volume and stabilization here can the upward space be opened. Until clear signals appear, Bitcoin is still in a consolidation pattern.

In comparison, the drama on Ethereum$ETH is even more exciting. On one hand, institutions are indeed buying — a new whale has withdrawn 8,450 ETH from FalconX, and Bitmine has also bought 20,000 ETH.

But on the other hand, there are issues within the Ethereum Foundation: Co-Executive Director Hsiao-Wei Wang has resigned, and in five months, eight senior executives have left. There are reports that the core development team may face funding pressures in the next 3 to 9 months.

One side is institutions buying, the other is internal turmoil within the foundation; these two forces are currently pulling in opposite directions.

However, from a longer-term perspective, MarketsandMarkets’ report predicts that the global blockchain market size will grow from $54.08 billion in 2026 to $610.96 billion in 2031. Trends like Layer2 scaling and the integration of blockchain with AI are still advancing.

Big Bull is waiting for direction, Ethereum is waiting for internal issues to clarify. With weekend liquidity being relatively thin, a cautious approach of observing more and acting less might be the safer choice.

What do you think about the current trend? Share your judgment in the comments 👇
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