More than a third of August has passed—what answer has AI delivered?
Brothers, today the overall market is still hovering around $64,000.
BTC is currently at $63,958, up 1.21% over the past 24 hours, holding steady above the $64,000 level. ETH is at $1,862, SOL at $73.42, and the overall trend shows broad-based gains.
But if you think that’s all of August, then you’re wrong.
What happened in the first ten days of this month?
The start of August hasn’t been calm.
On August 1st, Bitcoin briefly fell below $63,000, with a low of $62,369—its lowest level in nearly two weeks. Coldcard hardware wallet security vulnerabilities continued to escalate, with about 1,367 BTC stolen, losses of roughly $89 million, directly dealing a blow to the market’s confidence in “self-custody.”
At the same time, Bitcoin’s protocol layer faced a governance crisis. Miners’ support for the BIP-110 proposal was only 0.89%, far below the 55% support required to lock it in. This is another tough test for the community after earlier controversy over hard forks.
But the market didn’t collapse. Altcoins, instead, showed resilience—on August 1st, when BTC dropped nearly 3% due to geopolitical pressure, BNB fell only 0.36%, XRP dropped 1.8%, and SOL was down about 2%.
Why didn’t it break? Because sentiment is improving, and institutions are coming back.
Data from New Fire Research Institute shows that total over-the-counter (OTC) trading volume in July rose by 257% compared with June. Trading volume in the week before and after the FOMC meeting increased by about 79% compared with the same week in June. Large funds are accelerating their return to on-chain, real trading scenarios.
Technical view: volatility hits a two-year low—breakout is near
Bitcoin volatility has fallen to the lowest level in more than two years. Historically, this kind of “low volatility” state often precedes major price moves.
Current price is around $63,574 on the 4-hour chart, trading within the Bollinger Bands. The upper band resistance is $64,083, and the lower band support is $62,395. The technical structure still leans bearish: price is below the 50-day EMA at $63,698. However, the MACD golden cross indicates momentum is building, while the RSI at 51.26 stays neutral.
This is the current low-volatility range.
Brothers, today the overall market is still hovering around $64,000.
BTC is currently at $63,958, up 1.21% over the past 24 hours, holding steady above the $64,000 level. ETH is at $1,862, SOL at $73.42, and the overall trend shows broad-based gains.
But if you think that’s all of August, then you’re wrong.
What happened in the first ten days of this month?
The start of August hasn’t been calm.
On August 1st, Bitcoin briefly fell below $63,000, with a low of $62,369—its lowest level in nearly two weeks. Coldcard hardware wallet security vulnerabilities continued to escalate, with about 1,367 BTC stolen, losses of roughly $89 million, directly dealing a blow to the market’s confidence in “self-custody.”
At the same time, Bitcoin’s protocol layer faced a governance crisis. Miners’ support for the BIP-110 proposal was only 0.89%, far below the 55% support required to lock it in. This is another tough test for the community after earlier controversy over hard forks.
But the market didn’t collapse. Altcoins, instead, showed resilience—on August 1st, when BTC dropped nearly 3% due to geopolitical pressure, BNB fell only 0.36%, XRP dropped 1.8%, and SOL was down about 2%.
Why didn’t it break? Because sentiment is improving, and institutions are coming back.
Data from New Fire Research Institute shows that total over-the-counter (OTC) trading volume in July rose by 257% compared with June. Trading volume in the week before and after the FOMC meeting increased by about 79% compared with the same week in June. Large funds are accelerating their return to on-chain, real trading scenarios.
Technical view: volatility hits a two-year low—breakout is near
Bitcoin volatility has fallen to the lowest level in more than two years. Historically, this kind of “low volatility” state often precedes major price moves.
Current price is around $63,574 on the 4-hour chart, trading within the Bollinger Bands. The upper band resistance is $64,083, and the lower band support is $62,395. The technical structure still leans bearish: price is below the 50-day EMA at $63,698. However, the MACD golden cross indicates momentum is building, while the RSI at 51.26 stays neutral.
This is the current low-volatility range.
