Bitcoin Marks 1,000-Day Bull Run as ETH Outpaces in Weekend Rally

Key Insights:

• Bitcoin has sustained a 1,000-day bull run since November 2022, rising from $15,749 to $118,000.
• Ethereum gained over 8% in the last seven days, outperforming Bitcoin’s short-term growth.
• BTC now represents 1.7% of global money supply with a market cap of $2.4 trillion.

Bitcoin has maintained its longest bull market to date, lasting exactly 1,000 days as of August 17, 2025. The rally began after hitting a low of $15,749 on November 22, 2022, and has since surged over 650%.

Market sentiment has remained largely positive, with the Fear and Greed Index consistently in the green since early 2023. Bitcoin reached a new all-time high above $123,000 last week before pulling back slightly to $118k.

Ethereum Leads Weekend Surge Amid Resistance Re-Test

While Bitcoin consolidates below resistance at $120,000, Ethereum has outperformed with a weekly gain of 8.04%. ETH is currently priced at $4,563, up 3.62% in the past 24 hours, showing strong weekend momentum.

Bitcoin’s 4-hour chart signals a potential re-test of the $119,500 zone after a liquidity grab near the $123,288 high. Volume remained steady as BTC attempts to reclaim resistance levels, while, according to analyst Van, support at $116,800 and $114,700 remains critical.

Bitcoin’s Share in Global Money Supply Hits 1.7%

Bitcoin now holds a 1.7% share of the global money supply, which totals $138 trillion across fiat and hard money. BTC’s market cap has reached $2.4 trillion, positioning it just behind gold’s $22.7 trillion valuation among hard assets.

Data shows fiat currencies dominate 81.8% of global liquidity, with the Chinese Yuan, USD, and Euro leading. Bitcoin’s rise reflects its transition from speculative asset to recognized monetary store of value worldwide.

Technical Patterns Signal Strong Bullish Structure

Bitcoin continues to respect the Power Law Corridor on the monthly chart, currently testing the blue mid-range resistance line. Previous cycles saw strong breakouts at similar levels, hinting at a possible rally continuation if confirmed.

A large inverse head-and-shoulders pattern has also formed on the macro chart, mirroring gold’s 2009 structure before its historic breakout. Analysts suggest the next move could push BTC beyond $135,000 if the pattern completes and holds.