1. aSOPR bearish divergence occurs

The aSOPR indicator, which indicates investors' profits and losses, has undergone bearish divergence for 3 months, and has digested sales that exist between $25K and $30K and is currently located at 26K.

2. Net Unrealized Loss Indicator (NUL)

Contrary to my expectations, NUL, which can tell whether investors are losing or not, is showing the June level as Bitcoin has declined. Personally, I see this adjustment as an opportunity.

3. SSR RSI

The stablecoin supply ratio (RSI applied) is the largest drop since June of last year. It is lower than during the FTX crisis and this year's bankruptcy. This can be seen as a situation where the market cap of Bitcoin is undervalued compared to the market cap of stablecoins. These signals suggest that the opportunity to place leveraged bets is not far off.

4. price analysis

Lastly, in the price analysis, the volatile price movement over the past week has shown a breakout from the support level. There may be unstable price movements until September, but if there is no further breakout, there is a high possibility of a reversal.