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 rate 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 prices may fall to $86,000. Recent data shows a decrease 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 diminishing interest. It can be said that the crypto market is entering a cooling phase amid broader macroeconomic uncertainties and geopolitical tensions.

Meanwhile, upcoming financial reports and significant 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, has also raised concerns about liquidity risk.

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

The number of "mega whale" addresses, defined as those holding more than 10,000 ETH, has also surged, with over 200 new addresses since July. Despite the drop below $3,400, ETH has begun to recover, reaching $3,560. Historically, August tends to be a downturn month for ETH, having incurred losses in the last three years, except for 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 described Ethereum as the "invisible backbone of Wall Street." These points illustrate the ongoing influence and appeal of the cryptocurrency market amidst the current financial economic context.