The cryptocurrency market in August 2025 is in full swing, let's take a deep dive into the development trends of the three major mainstream cryptocurrencies.

Bitcoin (BTC) is currently stable at around $113,000. From a technical perspective, the 4-hour chart shows a breakout trend, the Bollinger Bands are widening, and the MACD indicator has formed a golden cross, all of which are strong signals for an upward movement. However, as the MFI indicator has reached an overbought level of 85, a short-term pullback to the support level of $118,000 - $120,000 may occur. Despite the cooling expectations of interest rate cuts from the Federal Reserve, institutional funds continue to flow in significantly, with a net inflow of over $1 billion in spot ETFs in a single day, highlighting that Bitcoin's status as "digital gold" is continuously being strengthened.

Ethereum (ETH) has broken through the $4,300 barrier today, with a cumulative increase of 50% in July, leading to the liquidation of $500 million in short positions. From a technical perspective, the symmetrical triangle breakout on the monthly chart suggests a potential push towards $8,070 in the future. The Wyckoff model has set a target price of at least $6,412. On the fundamental side, positive news such as the Petra upgrade and the approval of the staking ETF are continuously emerging, with institutional holdings significantly increasing. The on-chain scale of real-world assets (RWA) has surpassed $60 billion, highlighting Ethereum's important position in the fintech sector.

Solana (SOL) is currently fluctuating around $180. Notably, 43% of holders are currently in a loss, with a large amount of chips around $165, approximately 41 million SOL gathered at this level, which may become a key support for future trends.

Overall, the encryption market in August 2025 shows a strong upward momentum, but investors still need to carefully assess risks, closely monitor market changes, and make informed investment decisions.