Although the cryptocurrency market is experiencing significant corrections due to pressure from economic data and US policies, on-chain signals and buying activity from large institutions still affirm that the long-term growth outlook has not been disrupted.
🔍 Reasons for Decline
Macroeconomic pressures: Core inflation in the US rises to 2.8%, while weak employment data and new tariff policies raise recession concerns.
Monetary policy: The likelihood of the FED postponing interest rate cuts negatively affects investors' risk appetite.
📊 The Market is Still in an Uptrend
Positive on-chain indicators: Stable funding rate, ME Futures Premium remains high, no panic selling recorded.
Technical indicators have not warned of a peak: Pi Cycle Top has not signaled a reversal, global M2 continues to expand – a factor often accompanying Bitcoin's price increase.
🏦 Large-Scale Buying Organization
MicroStrategy increases its holdings to 628,800 BTC, preparing to raise an additional $4.2 billion for further purchases.
Coinbase and BlackRock are accumulating, with the IBIT ETF fund attracting $87 billion from over 1 million new investors.
Deloitte survey: 99% of CFOs at billion-dollar enterprises believe in the long-term use of crypto, 40% plan to implement it in the next two years.
📅 Short-Term Outlook
The rally in July is slowing down due to decreased volume and increased volatility.
The FED meeting on August 7 and CPI data on August 12 will be important signals determining the next trend.
💡 Conclusion:
The market is undergoing a short-term correction but shows no signs of ending the bullish cycle. Institutional inflows remain strong, fundamental indicators are stable, and investors should closely monitor upcoming macroeconomic milestones to assess long-term accumulation opportunities.