8.15 ETH @入场: around 1890–1910 [unclear term]; [unclear term] 1925; [unclear term] 1850–1820 The previous downtrend continued, and after probing lower to reach a phase low of 1852, the market entered an oversold rebound and recovery cycle. It is currently in a low-level consolidation phase. The broader bearish trend has not yet reversed. After bottoming, it has oscillated upward with small bearish and bullish candlesticks, but the rebound has not produced a high-volume breakout, making this a typical weak recovery. The medium-term moving averages overhead are exerting clear pressure, and it will be difficult to open up further upside before a decisive breakout above them. $ETH

$BTC is still hovering around $63,000. US inflation and PPI are both cooling, so risk assets should theoretically be supported, but $BTC still cannot reclaim $64,000. This shows that the macro environment has indeed improved, but there still is not enough capital truly willing to enter. Looking at $ETH , the situation is slightly different. US ETH spot ETFs saw net inflows of about $350 million in July and another approximately $240 million in inflows so far in August. Although the record of five consecutive weeks of net inflows was broken this week, BTC ETFs saw outflows of about $330 million over the same period, while $ETH saw only a slight outflow of about $3 million. So what I see is not that “ETH is about to take off,” but that capital is temporarily showing greater downside resilience in ETH than in BTC. 📌Going forward, there are two confirmations to wait for: BTC must regain and hold $64,000, with spot trading volume following; ETH ETF flows must resume, while the price begins to generate positive feedback from those flows. Only when capital and price move together can rotation be considered to have truly begun. Liquidity can be positioned in advance, but without price confirmation, I will not rush in just because of a new narrative. ⚠️

Smart Money Is Moving Again On-chain activity is getting interesting. Wintermute-linked wallets have moved significant amounts of $HYPE , including around 136.5K $HYPE (~$7.61M) and 26.6K #HYPE (~$1.48M). Other notable transfers include 480 $ETH (~$899K), 400K USDT, and nearly 99K USDC. Large wallet movements don’t guarantee a pump or dump, but they’re definitely worth watching. #HYPE could be entering an important phase. $USDC