In the context of cryptocurrency traders adjusting their strategies after the Federal Reserve (Fed) meeting, the crypto market is showing notable changes. According to the meeting minutes, the Fed intends to maintain the current interest rates until inflation shows signs of improvement, which has created uncertainty and prompted investors to seek new directions.

Although Bitcoin is currently experiencing slight growth, from a price above $97,000, many are concerned about demand and liquidity, leading them to predict that the price could drop to $86,000. Recent data shows a decline in Bitcoin futures trading activity, demonstrating a reduction in speculative activity in the market.

Not only Bitcoin, but altcoins like Solana and meme coins are also facing declining interest. It can be said that the crypto market is entering a cooling phase amid broader macroeconomic uncertainties and geopolitical tensions.

Meanwhile, financial reports and important upcoming events have been introduced, along with discussions in DAOs (Decentralized Autonomous Organizations) about governance and token unlocking. A notable recent event is the launch of the Pi Network token, which, while attracting attention, also raises concerns about liquidity risk.

Notably, whales holding Ether are aggressively buying as ETH recovers from the recent downturn. One address has accumulated $300 million worth of ETH through off-exchange transactions, currently holding about 79,461 ETH, equivalent to approximately $282.5 million. BlackRock's iShares Ethereum Trust ETF has recorded substantial investment inflows of up to $1.7 billion over ten consecutive trading days, with Ether holdings in the ETF increasing by more than 40% just in the past month.

The number of 'mega whale' addresses, defined as those holding more than 10,000 ETH, has also increased sharply, with over 200 new addresses since July. Despite the drop below $3,400, ETH has begun to recover, reaching $3,560. Historically, August has often been a bearish month for ETH, having incurred losses over the past three years, except in 2021 when the market was in a strong bullish phase.

In recent developments, Eric Trump has encouraged his followers to invest when prices drop, and CNBC describes Ethereum as the 'invisible backbone of Wall Street'. These factors highlight the ongoing influence and appeal of the cryptocurrency market in the current financial landscape.