August 28, 2025

Trading Desk Insights

Bitcoin has stabilized near the $110K–$112K range as markets digest news that the US government will publish official economic data onchain through Chainlink and Pyth. Traders view the move as a potential catalyst for tighter spreads and sharper reactions in BTC futures, with real-time GDP and PCE updates feeding directly into automated strategies. Short-term support is clustered at $109K, while reclaiming $116K would open the path toward retesting summer highs.

Ethereum continues to outperform. Spot Ether ETFs have now posted five consecutive days of inflows, totaling $1.83 billion versus just $171 million into Bitcoin funds. BlackRock’s iShares Ethereum Trust captured $265 million in a single day, underscoring growing institutional rotation into ETH. ETH remains bid above $4,600, with $4,700 seen as the key breakout level before potential extension toward the $5,200–$5,500 zone.

Oracle tokens also surged on the announcement. Pyth spiked nearly 70% intraday, while LINK rallied above $25 before consolidating. LINK is now up over 60% month-to-date, extending its momentum as traders price in expanding use cases for government-verified onchain data.

Solana has emerged as another standout. Nearly $3 billion in new treasury commitments from Galaxy Digital, Jump Crypto, Pantera, and others have fueled a sharp bid across SOL markets. The token is trading within a broadening wedge pattern, with resistance aligning near the $295–$300 zone. Sustained inflows from institutional treasuries could provide the catalyst for a breakout, reinforcing Solana’s positioning as one of the cycle’s highest-beta assets.

Crypto Charts

ETF Flow

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Disclaimer

This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.

Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.

The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.

Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.

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