Today's News‼️
⭕️ Total BTC ETF flow: +$160.05M;
⭕️ Total ETH ETF flow: +$121.02M;
🔴 The Bitcoin price is currently 37.7% below its peak of $126,080, recorded on day 343. At this same stage in previous cycles, the decline was far more significant: 65.1% in 2013, 80.1% in 2017, and 71.1% in 2021. The current drop falls outside the range seen in those cycles at a comparable stage;
🔴 Santiment: Bitcoin has held above the $80,000 mark for the past three weeks. Data shows that crowd sentiment has rapidly shifted from caution to a desire to "jump on the bandwagon";
🔴 According to Glassnode, the Bitcoin price is holding at $78,000 as capital inflows offset selling pressure across spot, futures, and ETF markets;
🔴 Approximately 140,000 ETH, worth around $350 million, has been withdrawn from exchanges over the last 96 hours. This indicates that investors increasingly prefer holding their coins rather than trading them;
🔴 Santiment: Ethereum exchange supply continues to shrink. There are currently 6.06 million ETH on exchanges, down from a peak of 22.9 million in June 2020;
🔴 The CLARITY Act, the Fed's interest rate decision, oil supply disruptions, and TRON ETFs top the list of trending cryptocurrency news on Santiment this Monday;
🔴 Trading volume on Uniswap has been surging since the beginning of August. Last week marked the fifth consecutive week that trading volume hit a new all-time high;
🔴 The three major US stock market indices closed lower today;
Today, software stocks outperformed chipmaker stocks by the widest margin in history—though it is worth noting that chipmaker stocks have risen 50% this year, while software stocks have gained only 1%;
🔴 The yield on 10-year US Treasury bonds topped 5% for the first time since October 2023, reaching 5.01%, before easing back to around 4.99%.
⭕️ Total BTC ETF flow: +$160.05M;
⭕️ Total ETH ETF flow: +$121.02M;
🔴 The Bitcoin price is currently 37.7% below its peak of $126,080, recorded on day 343. At this same stage in previous cycles, the decline was far more significant: 65.1% in 2013, 80.1% in 2017, and 71.1% in 2021. The current drop falls outside the range seen in those cycles at a comparable stage;
🔴 Santiment: Bitcoin has held above the $80,000 mark for the past three weeks. Data shows that crowd sentiment has rapidly shifted from caution to a desire to "jump on the bandwagon";
🔴 According to Glassnode, the Bitcoin price is holding at $78,000 as capital inflows offset selling pressure across spot, futures, and ETF markets;
🔴 Approximately 140,000 ETH, worth around $350 million, has been withdrawn from exchanges over the last 96 hours. This indicates that investors increasingly prefer holding their coins rather than trading them;
🔴 Santiment: Ethereum exchange supply continues to shrink. There are currently 6.06 million ETH on exchanges, down from a peak of 22.9 million in June 2020;
🔴 The CLARITY Act, the Fed's interest rate decision, oil supply disruptions, and TRON ETFs top the list of trending cryptocurrency news on Santiment this Monday;
🔴 Trading volume on Uniswap has been surging since the beginning of August. Last week marked the fifth consecutive week that trading volume hit a new all-time high;
🔴 The three major US stock market indices closed lower today;
Today, software stocks outperformed chipmaker stocks by the widest margin in history—though it is worth noting that chipmaker stocks have risen 50% this year, while software stocks have gained only 1%;
🔴 The yield on 10-year US Treasury bonds topped 5% for the first time since October 2023, reaching 5.01%, before easing back to around 4.99%.
