On Friday, Chairman Powell's speech led to differing expectations among various institutions regarding interest rate cuts in September; institutions and OGs also have differing views on BTC and ETH prices. There may be risk-averse sentiment, and the redemption of Ethereum validators is somewhat related to this.
Basic information about the meeting is as follows:
The 2025 Jackson Hole Global Central Bank Annual Meeting will be held from August 21 to 23 in Wyoming. Federal Reserve Chairman Jerome Powell will give a speech at 22:00 Beijing time on August 22.

Recently, many whales on-chain have been chasing long positions, and rolling over long positions have basically been liquidated, with people like James being exceptional.

Looking at the technical side:
Bitcoin has support around 111600-112600, while Ethereum at 4150 is struggling to hold above and may need to see 4000.

(PS: Airdrops have been really hard to get recently, just like preparing for winter)

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