Bitcoin fell by 3% on Friday and Ethereum declined by 2.74% after Federal Reserve Chair Kevin Warsh signaled a hawkish outlook at Jackson Hole, reflecting a risk-off market attitude. Bitcoin Exchange Reserves climbed to 685,000 BTC, the highest level this year, as the price rebounded from $60k to $80k. The Bitcoin Network Stress Index reached extremely low levels, a warning sign of imminent volatility expansion in an as-yet uncertain direction. While retail wallets were selling during the rally, larger wallets continued to accumulate, indicating institutional confidence in a potential bullish regime shift.
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