Crypto Market Shows Signs of Institutional Confidence Amid Macro Uncertainty

The recent data indicates a cautiously optimistic outlook for cryptocurrencies and related assets. The probability of a Federal Reserve interest rate cut in September now stands at 45.7%, suggesting market expectations of potential monetary easing. Meanwhile, Hong Kong's monetary authority maintains its base rate at 4.75%, providing a stable environment for virtual assets in the region. Investors continue to show strong confidence in cryptocurrencies, as evidenced by the significant net inflows into US spot Ethereum ETFs totaling $6.22 million and Bitcoin ETFs with a remarkably higher inflow of $47.1 million yesterday. The substantial reserve of over $10 billion in ETH held by 64 entities underscores institutional interest and confidence in the asset's long-term value. Additionally, the daily trading volume of Hong Kong's six virtual asset ETFs reaching nearly 15 million HKD highlights active participation in the market. The NFT market's recent surge with sales amounting to $574 million in July, the second-highest record for 2025, reflects growing mainstream adoption and investor interest in digital collectibles. Furthermore, the aggregate holdings of large Bitcoin whale addresses holding between 10 and 10,000 BTC have increased by 218,500 BTC since the end of March, signaling strong accumulation amidst recent price trends. This accumulation by major addresses could be a bullish indicator, suggesting confidence among large holders about the future potential of Bitcoin. Overall, these data points paint a picture of a resilient and increasingly institutionalized crypto ecosystem, with investor confidence reinforced by inflows, reserves, and accumulation trends. However, the cautious stance of the Federal Reserve warrants attention, as macroeconomic factors could influence future market movements.