August 13: 💥💥💥💥💥 Today's Major Token Analysis!
1. BTC has fallen further this morning, from $82,400 earlier to around $81,500, down about 2.65% in 24 hours, with a low near $81,200. Binance BTC OI is around 93,200 BTC, and Funding remains at about +0.0063%, indicating that although this decline has flushed out some positions, long-side leverage has not been fully cleared. The former short-term support at $82,200 has failed; the focus is now back on $80,000–$81,000.
2. ETH and SOL remain noticeably weaker than BTC. ETH was around $2,432 this morning, down about 4.2% in 24 hours; SOL was around $104.60, down nearly 6%. ETH/BTC has fallen below 0.03, showing that capital is still actively reducing Alt Beta exposure. There are currently no conditions supporting a broad altcoin season. Until BTC stabilizes, treat any Alt rebounds as trades rather than trends.
3. NEAR's short-term strength has completely failed. It was around $5.13 this morning, down nearly 13% in 24 hours, giving back almost all of the strong move that had brought it close to $6. But its on-chain fundamentals have not disappeared: Intents still has trading volume and protocol revenue, while ecosystem stablecoins and TVL continue to grow. The approach for now is simple: stop trying to buy the dip. First see whether $5 can hold, then whether it can reclaim $5.35. Reassess the medium-term thesis if it falls below $4.50.
4. HYPE has fallen to around $80.90 this morning, down about 6.7% in 24 hours, with a low near $80.45—its first real approach to the low-price zone we've been waiting for over the past several days. More importantly, Funding has turned negative, and OI is around 4.18 million tokens, making the setup much more favorable than above $90. Hyperliquid's real revenue and trading demand have not fundamentally deteriorated, so HYPE remains one of the Alt assets I'm most willing to wait for at the right price. The $79–$81 range is the first zone to watch; $76–$78 would be more attractive, but don't rush in if BTC continues to break down.
5. LINK has fallen to around $12.50 this morning, down about 6.5% in 24 hours, with a low of $12.36. OI has also dropped to around 8.17 million tokens, and Funding has turned negative. The $12–$12.50 range we've been waiting for over the past few days has finally arrived, and the leverage structure is much cleaner than before. The medium-term theses for RWA, Oracle, and CCIP remain intact, so LINK's risk/reward is clearly better now than it was at $14–$15. The condition remains that BTC must not accelerate its decline below $80,000.
1. BTC has fallen further this morning, from $82,400 earlier to around $81,500, down about 2.65% in 24 hours, with a low near $81,200. Binance BTC OI is around 93,200 BTC, and Funding remains at about +0.0063%, indicating that although this decline has flushed out some positions, long-side leverage has not been fully cleared. The former short-term support at $82,200 has failed; the focus is now back on $80,000–$81,000.
2. ETH and SOL remain noticeably weaker than BTC. ETH was around $2,432 this morning, down about 4.2% in 24 hours; SOL was around $104.60, down nearly 6%. ETH/BTC has fallen below 0.03, showing that capital is still actively reducing Alt Beta exposure. There are currently no conditions supporting a broad altcoin season. Until BTC stabilizes, treat any Alt rebounds as trades rather than trends.
3. NEAR's short-term strength has completely failed. It was around $5.13 this morning, down nearly 13% in 24 hours, giving back almost all of the strong move that had brought it close to $6. But its on-chain fundamentals have not disappeared: Intents still has trading volume and protocol revenue, while ecosystem stablecoins and TVL continue to grow. The approach for now is simple: stop trying to buy the dip. First see whether $5 can hold, then whether it can reclaim $5.35. Reassess the medium-term thesis if it falls below $4.50.
4. HYPE has fallen to around $80.90 this morning, down about 6.7% in 24 hours, with a low near $80.45—its first real approach to the low-price zone we've been waiting for over the past several days. More importantly, Funding has turned negative, and OI is around 4.18 million tokens, making the setup much more favorable than above $90. Hyperliquid's real revenue and trading demand have not fundamentally deteriorated, so HYPE remains one of the Alt assets I'm most willing to wait for at the right price. The $79–$81 range is the first zone to watch; $76–$78 would be more attractive, but don't rush in if BTC continues to break down.
5. LINK has fallen to around $12.50 this morning, down about 6.5% in 24 hours, with a low of $12.36. OI has also dropped to around 8.17 million tokens, and Funding has turned negative. The $12–$12.50 range we've been waiting for over the past few days has finally arrived, and the leverage structure is much cleaner than before. The medium-term theses for RWA, Oracle, and CCIP remain intact, so LINK's risk/reward is clearly better now than it was at $14–$15. The condition remains that BTC must not accelerate its decline below $80,000.