The retracement of Bitcoin price has left many traders questioning whether its rally is running out of steam. While BTC remains the market leader, its stalled momentum has prompted large holders to look elsewhere for bigger gains.
Interestingly, both Bitcoin and Ethereum whales are now moving capital into Layer Brett, after 10% of its presale supply vaporized in hyper velocity sales.
Layer Brett: Meme Energy Meets Layer 2 Power
The crypto space is flooded with meme coins, but most offer hype without substance. Layer Brett (LBRETT) changes that narrative. Built as a Layer 2 crypto on Ethereum, it combines viral culture with true scalability, staking, and DeFi coin functionality.
Unlike altcoins stuck with high gas fees and slow processing, Layer Brett uses Layer 2 blockchain technology to deliver lightning-fast, low-cost transactions while remaining anchored to Ethereum for security. This makes it one of the most accessible low gas fee crypto options today.
Early backers can join the best crypto presale now, with $LBRETT offered at entry-level pricing. Holders can immediately tap into huge staking crypto rewards through the project’s dApp, with APYs that outpace most top DeFi tokens.
With Ethereum gas fees often spiking above $20, Layer Brett reduces costs to pennies. Add in its $1 million giveaway, it’s no surprise that traders are calling it the next 100x meme coin and one of the best crypto to invest in ahead of the final quarter.
Ethereum Faces Volatility Amid Liquidity Cracks and Whale Demand
Ethereum took a sharp turn earlier this week, dropping roughly 8% in a single session. The decline followed aggressive accumulation by BitMine and Bitcoin whales. BitMine added over 190,000 ETH, pushing its treasury beyond $8.8 billion.
The plunge sparked nearly $277 million in futures liquidations. ETH traders are now eyeing the critical $4,500 and 14-day EMA support levels. A failure to hold there risks deeper downside toward $4,100.
Despite the correction, longer-term optimism remains intact. Since July, whales have continued accumulating ETH, while positive futures funding rates point to sustained bullish sentiment. Ethereum looks positioned for a $5,000 breakout, despite intense profit-taking pressure after reaching an all-time high.
Bitcoin Price Slips as Whale Dump Triggers Liquidation
Bitcoin dropped sharply below $109,000 this week after a massive whale sale. A holder offloaded 24,000 BTC, valued at roughly $2.7 billion, triggering heavy market reactions. This sudden move pushed the asset to its lowest level since early July.
The sell-off sparked a full-fledged liquidation event. Long positions worth over $900 million were wiped out in a single day as stop-loss orders cascaded. The entire crypto market lost an estimated $200 billion in total capitalization. Powell’s Jackson Hole speech, which had sparked a rally, was erased in short order.
Amid the crash, a wave of profit-taking followed on technical rejection, flattening sentiment across Bitcoin and altcoins. While the pace of decline resembles previous corrections, there hasn’t been widespread panic in the market yet. The coming sessions will be critical to gauge whether BTC bulls can regain footing or if further downside lies ahead.
Conclusion
As Bitcoin struggles to hold momentum, some of the largest BTC and ETH holders are quietly shifting focus. Their destination is Layer Brett, a new Ethereum Layer 2 meme coin that is making waves at a discounted entry price of $0.005 per token.
The project has already drawn over 3,500 investors, signaling strong conviction early on. By offering low-cost transactions and faster performance than legacy altcoins, Layer Brett is beginning to appear in thousands of watchlists. For traders who missed out on Bitcoin’s early days, would you miss out on Layer Brett too?
Can You Afford To Miss LBRETT’s Climb To Crypto Stardom? Secure Your LBRETT Tokens Today!
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This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
