Traders dey bearish about August BTC, ETH as institution dem dey buy but retail dey lag behind
Traders don dey turn bearish about August Bitcoin (BTC) and Ethereum (ETH) price targets as institution investors still dey accumulate but retail participation dey slow. Bitcoin don drop 1.1% today, e dey around $116,263, Ethereum sef don fall 3.8% to about $4,322, but both still dey higher for the week. Polymarket odds dey show say e get 34% chance say Bitcoin go close below $111,000 and 43% chance say Ethereum go settle near $4,800 by end of this month. Institution confidence strong as Strategy Inc. don add 430 BTC and VanEck still dey yan target $180,000 for year-end, but retail no too follow, e dey limit momentum for tokens like XRP and DOGE. Derivatives data show negative perpetual funding rates plus put-skewed options, this one mean make dem dey cautious ahead of Jackson Hole symposium. Solana (SOL) don buck the trend, e get strong USDC transfer activity. With crypto search interest for broad na four-year high and regulators get developments like the GENIUS Act wey dey wait, market structure dey stable on top but e still dey defensive short-term. Traders suppose watch Fed Chair Powell speech for Jackson Hole and retail flows for possible catalysts.
Bearish
Di bear dey show say market signals plenty but dem dey talk say no too much up move go dey soon. Prediction markets don start to dey hope say August closing price for BTC and ETH go low, funding rates wey no get end don turn negative and options skew dey favor put options, show say professional traders dey hedge or dey bet say price go fall. Even though institutional people believe well well—wey show for big big BTC buy and year-end targets wey full optimistic—retail people no too follow up, wey slow market momentum down. Jackson Hole symposium wey dey come bring small caution as traders dey wait Fed Chairman Powell talk about policy direction. Dis kain thing happen before where institution dey buy steady but retail no follow, then price go fall. Short term, risk sentiment talk say small rallies and more volatility; long term, if institution dem continue to take part and retail come back, prices fit steady.