🔸 The $BTC network has been in strong accumulation* for practically 71 consecutive days. *Graphically represented by the darker shades. #Bitcoin #BingX
🔸 The average acquisition cost for short-term $BTC holders (STH) has acted as a barrier to price progression since October 2025. Since then, the cost basis for these market participants has contracted by $45,370, currently sitting at $68,610. #Bitcoin #BingX
🔸With Ethereum's average acquisition cost at $2,230, the network has recorded three consecutive unprofitable months following May's rejection. $ETH #Ethereum #BingX
🔸 $ETH trading volume in the derivatives market hit a 34-month low of $662B. As a reminder, the indicator's cycle peak was recorded in November 2024 at $2T. #Ethereum #BingX
🔸Liquidity flight in the $ETH derivatives market: volumes and open interest at lows, but leverage hit a record high. Is the ecosystem exposed to heightened volatility? Read the report 👇 📎https://doctorchain.substack.com/p/ethereum-derivatives-market-report (ENG) 📎https://doctorchain.substack.com/p/relatorio-do-mercado-de-derivativos-c90 (PT/BR) #Ethereum #BingX
🔸 CME $ETH Open Interest has plummeted 82% over the last 10 months, a $9.1B reduction. Since CME is the main derivatives benchmark for institutional investors, this sharp contraction signals a clear pullback of institutional capital from the market. #Ethereum #BingX
🔸Short-term holders (STH) are taking advantage of every $BTC rally to take profits. The chart clearly shows this trend, with notable spikes in $BTC sent in profit to exchanges during each price surge. Selling pressure remains active. #Bitcoin #BingX
🔸 The processing power of the $BTC network has recorded a continuous contraction since October 2025. After reaching all-time highs above 1.1 Z, the average rate pulled back to the 900 E zone, tracking the price consolidation of #BTC . #Bitcoin #BingX
🔸Open Interest in decline, $8.7B in liquidations, and volumes at multi-month lows. The derivatives market has entered a readjustment phase. We analyze the full data for the end of July in our new report: 📎https://doctorchain.substack.com/p/derivatives-market-report-july-2026 (ENG); 📎https://doctorchain.substack.com/p/relatorio-do-mercado-de-derivativos (PT/BR). $BTC #BingX
🔸The 2nd highest CDD spike of the year! Coin Days Destroyed (USD) just spiked on the $SOL network. Long-dormant coins are moving again in a big way. When smart money adjusts positions at these levels, volatility usually follows close behind. #Solana #BingX
🔸 $ETH exchange reserves have hit their lowest level in 10 years. 📉🔥 Only 14.3 million coins remain on exchanges — roughly 13.3% of the total circulating supply. The supply available for sale continues to dry up. #Ethereum #BingX
🔸 The $BTC network has been in strong accumulation mode for 57 consecutive days. The chart clearly shows that large players continue to absorb supply while the market hesitates. #Bitcoin #BingX
🔸OTC desk $BTC reserves, the main avenue for institutional trading, continue to decline. Despite the 2026 price correction, over 32,000 $BTC have been withdrawn by institutions, a clear sign of accumulation. #Bitcoin #BingX
🔸Liquidity is shrinking: over the past 3 months, the stablecoin market has dropped by about $11.6 billion, currently standing at $261 billion. #Bitcoin #Stablecoins #BingX
🔸 In this cycle, $BTC average exchange withdrawal price stands at $66,175. After acting as support between February and June, this level now serves as clear resistance to price progression. *Estimated average acquisition price. #Bitcoin #BingX
🔸Price drop 🔽, but network record 🔼: $ETH already has 41M $ETH deposited in the Beacon Chain, an increase of 5.3M units in 2026 alone. Validators' commitment remains unshakable, ignoring short-term volatility. #Ethereum #BingX