Doctor Chain

🔸 $BTC has reclaimed the Short-Term Holder (STH) cost basis, currently at $69,000, for the first time since May. Over the past 10 months, this metric has acted as a strong resistance to price action. Is this the real breakout? #Bitcoin #BingX

🔸 Yesterday saw a historic day in the crypto market: • $BTC : 2nd largest gain of the year (+7%) • $ETH : Biggest rally in 15 months (+17%) • $SOL : 3rd largest daily surge of 2026 (+10.8%) Bullish momentum is back with a vengeance! 🚀📈 #BingX

🔸 Leverage in the $ETH derivatives market has completely collapsed. In the last few hours, over $1B in short contracts were liquidated, fully wiping out the market's excess speculation. #Ethereum #BingX

🔸 Yesterday saw one of the largest short squeezes in history, with over $2.7B in short positions liquidated: • $BTC : -$1.4B; • $ETH : -$1B. A heavy blow for market bears! 📈💥 #Bitcoin #BingX

🔸 The weekly whale activity on the $BTC network is at its lowest level since October 2023. With large entity activity hitting nearly 3-year lows, $BTC continues without significant institutional on-chain volume. Calm before the storm? #Bitcoin #BingX

🔸The market cap of stablecoins has shown clear signs of a slowdown. Since reaching its ATH of $316B in May, the indicator has already signaled a contraction of over $15B, reflecting a continuous drain of market liquidity. #Stablecoins #BingX

🔸In this week’s report: #Stablecoins and Sector Centralization. An in-depth assessment of network distribution, CEX/DeFi liquidity, and capital behavior during market pullbacks. 📎 https://doctorchain.substack.com/p/stablecoins-radiography-analysis (ENG) 📎https://doctorchain.substack.com/p/radiografia-das-stablecoins-analise (PT/BR) #Bitcoin #BingX

🔸 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

🔸Over the past week, $BTC ETFs recorded their largest capital inflow since April, with around $783M (or roughly 12,150$BTC ). #Bitcoin #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

🔸 Currently, only 14.8% of $SOL supply is in profit (~93.1M coins). In contrast, over 533 million tokens are in loss. #Bitcoin #BingX

SOL+6.47%

🔸 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

SOL+6.47%

🔸 $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