🚨 UPDATE: $ETH Foundation has launched the Platåberget testnet, giving developers an early chance to test the upcoming Glamsterdam upgrade ahead of the Aug. 20 fork. This is more than just another testnet launch. It gives developers a chance to catch bugs, test how the upgrade performs under real conditions, and make adjustments before anything reaches mainnet. With Glamsterdam being a major step in Ethereum’s roadmap, getting this testing phase right will be important for a smooth rollout. #ETH #Ethereum
Bitcoin’s “August Curse” isn’t just about bad luck. Historically, $BTC has finished August in the red roughly two-thirds of the time. But there are a few reasons why this month tends to be difficult. Liquidity often gets thinner as institutional activity slows, which means even relatively modest selling can create bigger moves. Q3 rebalancing can also lead funds to reduce risk and adjust their positions ahead of Q4. But seasonality is only a historical tendency. It doesn’t mean Bitcoin has to fall every August. We’ve seen that before. In strong market cycles, macro conditions and demand can completely overpower seasonal weakness, like in 2017 and 2021. So, what could break the pattern this year? For me, sustained spot ETF inflows, stronger spot demand and improving global liquidity would be key. If those catalysts show up, Bitcoin can easily ignore the August trend. If they don’t, thinner liquidity could make the downside more aggressive. Seasonality gives us a bias, but liquidity and real demand will ultimately decide what happens next. #BTC Price Analysis# #Bitcoin
$XRP The overall trend is still bearish. XRP is currently testing the $0.985 support level, which could provide a base for a potential bounce. #XRP #Ripple
$HYPE has pushed above the previous August highs, but the move still looks corrective and lacks a clear impulsive structure. #Macro Insights# #Altcoin Season#
$XLM remains stuck in a broad sideways range, while the recovery from the January/February low is still only a 3-wave move. So far, there’s no clear confirmation that a lasting bottom is in. Another low remains the preferred scenario, with $0.138–$0.14 acting as the next key support zone. If that fails, the rising trendline around $0.125–$0.13 could provide the next level of support. #Macro Insights# #Altcoin Season#