Summer Crypto Surge: What Bitcoin and Ether Traders Are Secretly Accumulating Now
As temperatures rise, so does the strategic maneuvering in crypto markets. Savvy traders aren’t just sweating—they’re positioning.
The quiet accumulation phase
Whales are snapping up BTC and ETH at levels that scream ‘pre-game’—either they know something or they’re betting the farm on historical summer volatility. Again.
Liquidity chess moves
Exchange reserves are draining faster than a margarita pitcher at a Wall Street rooftop party. Retail might be distracted by altcoin memes, but the smart money’s playing for keeps.
The cynical truth
Half these ‘strategists’ are just recycling last year’s playbook and praying the Fed doesn’t yank the punchbowl—again. But when the music stops, at least they’ll have bags to hold.
The nervousness is evident from the over-the-counter liquidity platform Paradigm, where the top five BTC trades for the week include a put spread and a bearish risk reversal. Meanwhile, in ETH's case, a long position in the $2,450 put crossed the tape alongside a short strangle (volatility) trade.
Bitcoin, the leading cryptocurrency by market value, has spent over 40 days trading back and forth above $100,000, according to CoinDesk data. According to analysts, profit-taking by long-term holders and miner selling have counteracted the strong uptake for spot ETFs, leaving prices directionless.
"Bitcoin has recently tracked sideways, suggesting its current price may be too high for many retail investors. Open interest in BTC options has risen, with a positive and rising 25 delta put-call skew on 30-day contracts, which may imply that market participants are seeking short-term protection through put options," Coinbase Institutional's weekly report noted.
On Friday, BTC closed (UTC) below the 50-day simple moving average (SMA) to trade below the key support for the first time since mid-April. The breakdown may lead to more chart-driven selling, potentially resulting in a drop below $100,000.
Some observers, however, expect a rally to new record highs. According to market observer Cas Abbé, BTC's on-balance volume continues to indicate strong buying pressure, suggesting that prices could rise to $130,000-$135,000 by the end of the third quarter.
