• Bitcoin is trading at $118,405, down 4.17% daily but up 101.6% annually
• Recent price movements: All-time high (ATH) at $124,290 on August 13, currently moving between $117,632-$124,474
• Sentiment variation (55.5% positive / 44.5% negative) with a buy-to-sell ratio of 65.73%
Innovation of Solv Protocol with $BTC
• Turning Bitcoin from a passive asset to an income-generating asset
• The BTC+ fund offers an annual return of 4.5%-5.5% (temporarily 99.99% APR for innovative users)
• Total value deposited exceeded 125 BTC ($15 million) with a 'one-click' interface
• Expanding the market by launching a Sharia-compliant product
Key points for traders
• Important support at $117,632 and resistance at $124,290 - watch for breakouts
• Opportunity: High promotional APR attracts capital, which could support Bitcoin's price
• Risk: The planned quarterly issuance of 42 million SOLV tokens from the Bro product may create selling pressure
• Sentiment driver: The upcoming Q&A session (AMA) with CEO Ryan Chow may clarify yield mechanics
Factors affecting the market
• Negative: The U.S. Treasury's decision not to hold Bitcoin reserves, and the known seasonal drop called 'the ghost month'
• Positive: Increasing institutional adoption of yield products, diversifying income sources
• Mixed signals contributed to losses of nearly one billion dollars after the recent price drop#BTC走势分析 #bitcoin #Binance #BitcoinDunyamiz #Write2Earn $BTC
