Despite the recent correction, key blockchain metrics indicate further growth potential for Bitcoin and Ethereum. According to analysts at CryptoQuant, Bitcoin reserves on major cryptocurrency exchanges continue to decrease, suggesting limited selling pressure. This trend is typically observed during the accumulation of the asset by long-term investors.
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Declining Reserves and Stability of Indicators
Experts note that institutional adoption, spot ETF activity, and growing interest in tokenization create a favorable backdrop for continued market growth. At the same time, important indicators such as NVT (Network Value to Transactions) and MVRV (Market Value to Realized Value) remain at levels that do not indicate market overheating. This suggests a lack of excessive hype among investors, which traditionally precedes the formation of market peaks.
Bitcoin miners’ reserves remain stable at around 1.8 million BTC, with a reduction of only 6,000 BTC since the beginning of the year. This is significantly different from previous cyclical peaks, when miners actively sold coins to lock in profits. Such market behavior further underscores the potential for price growth of the first cryptocurrency as demand remains strong.
Ethereum: High Demand and Accumulation Trend
Regarding Ethereum, CryptoQuant experts emphasize that even during the correction period, demand for this digital asset remains high. In particular, Ethereum reserves on exchanges, including Binance, are steadily decreasing, which may indicate active accumulation of the asset by investors.
“While Bitcoin reserves on Binance remain relatively stable, Ethereum reserves show a consistent downward trend. This difference indicates stronger demand for Ethereum compared to Bitcoin, suggesting active accumulation of Ethereum by market participants even during the current price consolidation phase,” the experts highlighted.
As of the end of August 2025, Bitcoin finished the month with a decrease in value, while Ethereum demonstrated an increase of nearly 19%. These figures confirm that interest in major cryptocurrencies remains stable even during periods of market volatility.