• D reached its historical peak of $123,091 on July 14.

  • • The current market cap stands at $2.29 B, with BTC dominance at 59.61%.

  • • A noticeable decline since July 26, when the global market cap for cryptocurrencies was $3.80 trillion.

  • • A decline in volatility indicates a structural shift compared to previous bullish cycles.

Institutional dynamics and on-chain chains.

  • • Long-term holders control 74% of the circulating supply, creating structural scarcity.

  • • The market cap achieved for Bitcoin reached $89 billion, indicating strong accumulation patterns.

  • • Continued flows of exchange-traded funds (ETFs) provide stable demand despite a negative net financial flow (-110.45).

  • • CryptoQuant analyses suggest further rallies before a broader market correction.

Trading opportunities and risks.

  • • Key support at $114,000; a breakout above $119,000 could target $140,000 by August.

  • • The MACD indicator shows bearish momentum while the RSI approaches the oversold area.

  • • Strategic purchases near established support levels provide favorable risk-adjusted returns.

  • • Monitor macro triggers such as trade disputes.
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