At the macro level, Strategy founder Michael Saylor once again released Bitcoin tracking information on social media, stating: 'Continuously buying Bitcoin will lead to continuous profits.' Based on past experiences, Strategy tends to disclose increased holdings the day after such statements, so the market is particularly attentive to its subsequent moves.
Meanwhile, Ethereum co-founder and Consensys CEO Joe Lubin also expressed a significant viewpoint — that in the coming year, treasury companies may push ETH's market capitalization to surpass BTC. This statement has reignited discussions about ETH's medium to long-term potential.
According to Farside data, last week, the total net inflow of US spot Bitcoin ETFs reached $253.2 million, while Ethereum spot ETFs led with a net inflow of $326.6 million, indicating strong interest in ETH direction.
According to Token Unlocks data, tokens such as APT, ARB, AVAX will see large unlocks this week, among which:
Aptos (APT) will unlock approximately 11.31 million tokens at 8 AM Beijing time on August 12, accounting for 2.20% of the current circulation, worth approximately $52.10 million.
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on August 16, accounting for 2.04% of the current circulation, worth approximately $43.24 million.
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on August 15, accounting for 0.51% of the current circulation, worth approximately $39.20 million.
Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on August 15, accounting for 1.21% of the current circulation, worth approximately $17.90 million.
Solayer (LAYER) will unlock approximately 27.02 million tokens at 10 PM Beijing time on August 11, accounting for 9.51% of the current circulation, worth approximately $17 million.
Starknet (STRK) will unlock approximately 127 million tokens at 8 AM Beijing time on August 15, accounting for 5.98% of the current circulation, worth approximately $16.80 million.
io net (IO) will unlock approximately 13.29 million tokens at 8 PM Beijing time on August 11, accounting for 6.51% of the current circulation, worth approximately $8.30 million.
peaq (PEAQ) will unlock approximately 84.84 million tokens at 8 AM Beijing time on August 12, accounting for 7.03% of the current circulation, worth approximately $5.60 million.
BounceBit (BB) will unlock approximately 42.90 million tokens at 8 AM Beijing time on August 11, accounting for 6.36% of the current circulation, worth approximately $5.40 million.
On-chain data shows that due to price increases over the weekend, the market turnover rate has slightly improved, mainly as players who entered the market at recent lows are taking profits, while other holders remain relatively stable. However, with the arrival of Monday trading and the upcoming CPI data on Tuesday, the market may experience some risk-averse sentiment, considering the current inflation expectations are not optimistic.
URPD data shows that the range of $103,500-$108,500 has accumulated 1.464 million Bitcoins; the range of $93,500-$98,500 has accumulated 1.608 million Bitcoins.
Overall, Bitcoin has once again reached the $120,000 mark. Although it has not fully stabilized, the $117,000 level is now seen as a new support level, while the range of $112,000 to $116,000 has become a relatively safe chip range. Technical structure indicates that Bitcoin is oscillating within a price channel, with key support around $117,000 and primary pressure around $125,000. Once it successfully breaks through and stabilizes above this level, the next target could point directly to $137,000; if it fails to break through, it may retreat to around $117,000 to seek support again.
