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⚡️ Bitcoin and Ether are demonstrating increased volatility in August.
Bitcoin is consolidating below $120,000, holding around $117,800 after a brief drop to $116,500. Exchange flows showed a BTC outflow of over $47 million, indicating profit-taking. Despite the correction, the derivatives market shows strength: open interest in futures surpassed $82 billion, and options indicate long-term optimism.
✅ Ethereum has decreased by almost 10% to $4,470, but institutional funds continue to actively accumulate the asset, ensuring an inflow of $2.8 billion over the week.
Analysts note that August and September will be key months for determining the future trend of the cryptocurrency market.