The mood, however, is not outright euphoria: a weekly close north of 109 k would keep 115 k in play, while a slip under 105 k would signal the market needs a breather closer to the round 100 k handle.
Ethereum — knocking on the three-thousand door
Pectra’s tailwind pushed ETH from 1 800 to 2 900 USD in under a month. The battleground is a band between 2 400 and 2 900. Hold above it and the path to 3 000 opens; lose it and profit-takers will likely steer price back toward the low-2 k range. Daily closes above 2 600 still give the edge to buyers.
Stablecoin flow and whale moves
Over the past three days, exchanges have absorbed multiple quarter-billion batches of USDT and USDC. Such inflows usually precede spot buying sprees, often in altcoins. Simultaneously, large Bitcoin holders have been pulling coins off exchanges into deep-cold wallets—behaviour that points to accumulation, not distribution, at record prices.
Corporate treasuries remain quiet
Tesla’s stash—about 9 700 BTC—hasn’t budged in over a year. With major public treasuries sitting still, the market faces little risk of a surprise supply dump from that corner.
Four things to watch this week
- Bitcoin’s weekly candle. Close above 109 k and bulls keep aiming at 115 k; dip under 105 k and the talk will turn to a cooling phase.
- Ethereum’s 2.4–2.9 k shelf. Staying on the ledge preserves momentum toward 3 k; falling off invites a broader alt-coin slowdown.
- Stablecoin deposits. Ongoing waves of fresh USDT/USDC on exchanges suggest more firepower for buyers.
- Continued BTC withdrawals to cold storage. The more coins go dark, the lighter the sell-side pressure.
Bottom line
The tape is still bullish: Bitcoin just set a new record, Ether is tapping on 3 k, stablecoins are topping up liquidity, and whales are parking coins for the long haul. The main near-term hazard is a classic fake-out—one sharp red candle could spook late longs—but absent that, the market looks like an athlete catching breath after clearing a hurdle, not one that’s out of gas.
