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📰 Latest Updates:
1. Widespread Correction in the Market
Bitcoin $BTC has corrected from record levels above $115,800, trading near $114,670 as a potential accumulation area. Some analyses suggest that $110–112 thousand may be a suitable buying zone.
The Fear and Greed Index has dropped to 55, reflecting a gradual shift from greed to caution.
Within 24 hours, long positions worth about $700 million were liquidated from the market.
2. Performance of Bitcoin and Ethereum:
Bitcoin closed July at $115,800 but began August under pressure from a strong dollar and new U.S. trader tensions.
Ethereum $ETH fell below $3,500, with a sudden “taker” sell volume of $335 million within two minutes, coinciding with a significant net outflow of liquidity from exchanges.
3. Unexpected Sales from Major Players
Archer Hayes (founder of BitMEX) sold about 2,373 ETH, 7.76 million ENA, and 38.86 billion PEPE, totaling nearly $13 million in sales over six hours, coinciding with a general market decline of about 5%.
4. Timeline of Unlocks and Regulatory Environment
The total value of token unlocks in August drops to about $3 billion (a 52% decrease from July), but massive unlocks in projects like SUI, FTN, APT, AVAX, and ARB may trigger local volatility.
The HKMA in Hong Kong is implementing a licensing framework for stablecoins that requires full reserves and financial transparency.
1. Widespread Correction in the Market
Bitcoin $BTC has corrected from record levels above $115,800, trading near $114,670 as a potential accumulation area. Some analyses suggest that $110–112 thousand may be a suitable buying zone.
The Fear and Greed Index has dropped to 55, reflecting a gradual shift from greed to caution.
Within 24 hours, long positions worth about $700 million were liquidated from the market.
2. Performance of Bitcoin and Ethereum:
Bitcoin closed July at $115,800 but began August under pressure from a strong dollar and new U.S. trader tensions.
Ethereum $ETH fell below $3,500, with a sudden “taker” sell volume of $335 million within two minutes, coinciding with a significant net outflow of liquidity from exchanges.
3. Unexpected Sales from Major Players
Archer Hayes (founder of BitMEX) sold about 2,373 ETH, 7.76 million ENA, and 38.86 billion PEPE, totaling nearly $13 million in sales over six hours, coinciding with a general market decline of about 5%.
4. Timeline of Unlocks and Regulatory Environment
The total value of token unlocks in August drops to about $3 billion (a 52% decrease from July), but massive unlocks in projects like SUI, FTN, APT, AVAX, and ARB may trigger local volatility.
The HKMA in Hong Kong is implementing a licensing framework for stablecoins that requires full reserves and financial transparency.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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