Gate Latest Crypto Assets Market Analysis (August 13): Bitcoin surges to 120,000, Ethereum ETF sees a massive buy of 523 million, CYBER skyrockets nearly 50%

On August 13, the total market capitalization of the Crypto Assets market briefly surpassed 4 trillion dollars during the Asian trading session, with market sentiment remaining high. Bitcoin (BTC) strongly broke through the 120,000 dollar mark, while Ethereum (ETH) surged to 4,638 dollars driven by massive ETF fund inflows. The Platform Token GT steadily rose, and the alts zone was fully active, with CYBER experiencing a big pump of nearly 50% in a single day, becoming the market focus. This article will comprehensively analyze the current market trend from the perspectives of technical analysis, fund flow, and the logic of popular Token price movements.

BTC Technical Analysis: $120,000 Becomes Key Support Level

BTC quickly surged after gaining support at $118,000, reaching a high of $122,200. However, the upward slope of the short-term MA5 has slowed down, and the MA10 is converging positively, presenting a risk of forming a death cross. If there is no accompanying increase in trading volume, the short-term bullish momentum may weaken, and the probability of high-level fluctuations or even a technical correction will increase.

In terms of funding, on August 12, the net inflow of BTC ETF reached 65.9 million USD in a single day, with the inflow led by IBIT significantly overshadowing the outflows of other ETFs, indicating that mainstream capital still tends to increase its holdings of BTC. Short-term attention should be paid to the support at 118,000 USD. If it is lost and the trading volume shrinks, it may trigger a deeper adjustment; conversely, if the volume increases and stabilizes, it is expected to continue the upward trend.

ETH ETF fund inflows reach recent highs

ETH stabilized at $4,200 and broke through $4,600 with volume, reaching a high of $4,638. The short-term moving averages continue to show bullish divergence, the MACD red bars are expanding, and the momentum is showing good continuity.

On August 12, the net inflow of ETH ETF reached as high as 523 million USD in a single day, with ETHA inflowing 318 million USD and FETH inflowing 144 million USD, indicating that institutional funds are continuously increasing their positions in ETH. If the support level of 4,580–4,600 USD holds, it is expected to challenge 4,650–4,700 USD in the short term; on the contrary, if it falls below 4,550 USD, it may enter a consolidation.

GT steadily rising, bullish pattern intact

GT has been oscillating upward after stabilizing at $16.3 during the pullback, breaking through both short and long-term moving averages and consolidating around $16.7. The short-term moving averages are in a bullish arrangement, and the MACD has turned into red bars with increasing momentum, indicating strong buying sentiment. However, the length of the red bars is stabilizing, suggesting that the bullish momentum may be slowing down. If the price holds above $16.7, there is still room for a short-term increase; conversely, if it breaks below MA5 and the volume shrinks, a technical correction may be on the horizon.

alts market trends: CYBER leads the rise, FARTCOIN and QUBIC perform impressively

CYBER (+47.20%)

Currently reported at 2.7980 USD, with a circulating market capitalization of 125 million USD. CYBER focuses on crypto-native AI applications and recently collaborated with Surf AI to launch Surf Copilot. Additionally, the listing of the CYBER/USDT trading pair on a certain CEX exchange has brought significant new trading volume and capital inflow, driving the price to pump nearly 50% in a single day.

FARTCOIN (+20.93%)

Currently reported at 1.0733 USD, with a circulating market capitalization of 1.047 billion USD. As a Meme Token in the Solana ecosystem, it has benefited from the resurgence of ecosystem enthusiasm and high-frequency marketing within the community, leading to a concentrated influx of short-term funds and amplifying price volatility.

QUBIC (+14.88%)

Currently reported at 0.0000027730 USD, with a circulating market capitalization of 338 million USD. Qubic is a new computing network based on PoW, which recently achieved over 51% hash rate on the Monero network, sparking discussions in the market about the security and governance of PoW, coupled with the official promotion of the "From Waste to Worth" narrative, driving both price and trading volume to increase simultaneously.

Conclusion

The current total market capitalization of the crypto market has surpassed 4 trillion dollars, with mainstream coins like BTC and ETH receiving continuous institutional funding. The overall technical structure is leaning towards bullish. The altcoin zone is active, particularly with tokens like CYBER, FARTCOIN, and QUBIC standing out under the dual catalyst of themes and funding. Investors should pay attention to key support levels and changes in trading volume, as these often indicate the direction of the next market movement. For more real-time market updates and in-depth analysis, please follow the official Gate platform.