{"id":7312,"date":"2025-08-20T01:04:36","date_gmt":"2025-08-20T01:04:36","guid":{"rendered":"https:\/\/baiwp.com\/asia-morning-briefing-market-observers-say-bitcoins-structure-looks-weak-even-as-industry-strengthens\/"},"modified":"2025-08-20T01:04:36","modified_gmt":"2025-08-20T01:04:36","slug":"asia-morning-briefing-market-observers-say-bitcoins-structure-looks-weak-even-as-industry-strengthens","status":"publish","type":"post","link":"https:\/\/baiwp.com\/ja\/asia-morning-briefing-market-observers-say-bitcoins-structure-looks-weak-even-as-industry-strengthens\/","title":{"rendered":"Asia Morning Briefing: Market Observers Say Bitcoin\u2019s Structure Looks Weak Even as Industry Strengthens"},"content":{"rendered":"

Good Morning, Asia. Here’s what’s making news in the markets:<\/strong><\/h2>\n

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.<\/a><\/em><\/p>\n

As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing hands at $113,000, while Ether is also in the red, down 5.6% to $4,100, extending a week of weakness across majors.<\/p>\n

The pullback comes despite a continued stream of bullish headlines, underscoring what market observers say is a widening gap between short-term price action and longer-term structural progress.<\/p>\n

In a recent report<\/a>, Glassnode frames the decline as a function of fragility: spot momentum is fading, leverage is stretched, and profit-taking pressure is building. Even though U.S.-listed spot ETFs attracted nearly $900 million in inflows last week, Glassnode warns that without renewed conviction in spot markets, positioning remains vulnerable to deeper deleveraging.<\/p>\n

However, this view is not universal.<\/p>\n

Enflux, a Singapore-based market maker, by contrast, argued in a recent note shared with CoinDesk that the industry is maturing faster than prices suggest.<\/p>\n

Weak price action is a short-term disconnect, and traders aren’t focusing on the more important headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official.<\/p>\n

These shifts, they argue, show capital and talent aligning around a regulatory-aligned, institutional future.<\/p>\n

The divergence in tone is telling. One camp sees fragile positioning and fading momentum; the other sees scaffolding being laid for an institutional, regulatory-aligned cycle. Prices may look unimpressed, but the industry\u2019s trajectory suggests the market is maturing faster than charts imply.<\/p>\n

Market Movers<\/strong><\/h2>\n

BTC: <\/strong>Bitcoin fell 3.2% to below $114,000 as cryptocurrencies and related stocks extended losses ahead of the Fed\u2019s FOMC minutes and Powell\u2019s Jackson Hole speech later this week.<\/p>\n

ETH: <\/strong>Ether fell 3.5% to under $4,200 as investors reconsider the likelihood of a September Fed rate cut, with Bank of America economists warning Powell may argue for holding rates amid sticky inflation and tariff pressures.<\/p>\n

Gold: <\/strong>Gold edged up to $3,384.70 and silver to $38.115 in quiet trading as markets await Powell\u2019s Jackson Hole speech Friday on the Fed\u2019s policy outlook, while global stocks were mixed and China\u2019s central bank injected $65 billion to steady bonds.<\/p>\n

Nikkei 225: <\/strong>Japan\u2019s Nikkei slipped 1.14% to 43,050.89, retreating from record highs as investors weigh risks tied to a fragile U.S. trade deal.<\/p>\n

S&P 500: <\/strong>U.S. stock futures were little changed Tuesday night, with the S&P 500 flat, Dow steady, and Nasdaq 100 down 0.2%, as investors awaited major retail earnings and Fed meeting minutes.<\/p>\n

Elsewhere in Crypto<\/strong><\/h2>\n