In the latest market update, Bitcoin (BTC) has seen a decline of 1.1% and Ethereum (ETH) has dropped 3.8% in the past 24 hours, reflecting a cautious market sentiment ahead of the Jackson Hole symposium. Despite strong institutional interest, retail participation remains low, which is affecting market dynamics. BTC is currently trading around $116,263, whereas ETH is at $4,322, indicating a slight weekly recovery for both. Analysts predict an increasing likelihood of BTC falling below $111,000, while the best-case scenario for ETH is targeting $4,800. Market maker Enflux indicates a strong institutional conviction in BTC, yet notes the lack of retail follow-through is a concern. Derivatives positioning exhibits caution as funding rates become negative, leading to a tactical defense strategy in upcoming market fluctuations. Additionally, gold prices are stabilizing ahead of further insights from Fed Chair Jerome Powell, contributing to overall market uncertainty.

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