Doctor Chain

🔸After 4 years since the landmark "The Merge" (September 15, 2022), the circulating supply of $ETH has grown at an average annual rate of $1B, equivalent to around 382,000 $ETH . Does this rate of issuance compromise $ETH "ultrasound money" thesis? #Ethereum #BingX

🔸The $61,000–$63,000 range consolidates as $BTC largest on-chain support wall.
The URPD shows the highest concentration of accumulated supply in this zone: ~1.4M $BTC , representing roughly 7% of the total circulating supply. #Bitcoin #BingX

🔸Long-Term Holder (LTH) $BTC supply reached a 5-month low at 14,721,000 $BTC . #Bitcoin #BingX

🔸All-time lows: the total $BTC balance held by miners dropped to the 1.77M $BTC mark. This level reflects a profound shift in supply distribution and the declining weight of mining treasuries in the market. #Bitcoin #BingX

🔸In this week's on-chain report, we focus on the $ETH network and analyze participant supply and profitability dynamics. A detailed look at cost basis, validator behavior, and institutional accumulation. 📎https://doctorchain.substack.com/p/ethereum-cyclic-transition-and-on (ENG) 📎https://doctorchain.substack.com/p/ethereum-transicao-ciclica-e-estrutura (PT/BR) #Ethereum #BingX

🔸With an average acquisition cost of $116, $SOL network investors have accumulated over 300 consecutive days in a loss position, making this level a watershed moment for the trend. #Solana #BingX

🔸After months under loss pressure, $BTC network participants return to profit-taking, recording the first positive signal since late 2025. #Bitcoin #BingX

🔸Just like in May, the average cost basis of $BTC ETFs, currently positioned around $82,000, continues to act as a barrier to price progression. #Bitcoin #BingX

🔸 In recent weeks, $BTC Long-Term Holders (LTH) recorded their largest coin distribution since April 2024. #Bitcoin #BingX

🔸After 91 consecutive days of strong accumulation on the $BTC network (🟣), investor momentum has cooled down in recent days (🟠). #Bitcoin #BingX

🔸 $BTC rally in August led investors to record the largest profit-taking event since November 2025. #Bitcoin #BingX

🔸In August, $BTC recorded its highest spot buying pressure since February 2024 ($1.56B) and an all-time high in the derivatives market ($9.7B). #Bitcoin #BingX

🔸 In August, $BTC ETFs signaled the return of institutional strength to the crypto market, recording a capital inflow of $3.4B or 47,800 $BTC — the largest since July 2025. #Bitcoin #BingX

🔸 In August, $BTC logged its best monthly performance since November 2024, surging 25%. #Bitcoin #BingX

🔸$BTC is back on the rise, but what do on-chain data say? In today's report, we analyze the reduction of network losses, profit-taking, and the strength of accumulation. Read the full analysis: 👇 📎https://doctorchain.substack.com/p/from-capitulation-to-accumulation (ENG) 📎https://doctorchain.substack.com/p/da-capitulacao-a-acumulacao-a-restauracao (PT/BR) #Bitcoin #BingX

🔸 Over the past few days, $SOL supply in loss dropped to its lowest level since December 2025. Currently, ~303M $SOL (48.2% of circulating supply) was acquired above today’s market price. #Solana #BingX

🔸 In early August, the amount of $BTC held on exchanges reached a 21-month high, topping around 3.347M $BTC . #Bitcoin #BingX

🔸 Over the past few days, $BTC 's strong surge wiped out $3.1B in short positions, pushing the derivatives leverage ratio down to its lowest level in 5 months. #Bitcoin #BingX

🔸 Currently, 56% of the circulating $ETH supply is in profit. This is the first time the indicator has held consistently above 50% since January 2026. #Ethereum #BingX

🔸 The $BTC "Fear & Greed" index reached its highest level in 10 months, hitting 74/100. The last time we observed such high greed was in October 2025, when $BTC was trading at $123,500. #Bitcoin #BingX