August 18th Crypto Market Morning Report | Intensifying Bull-Bear Struggle Awaiting Trend Change Signals
Bitcoin Poised for Movement
BTC continues to oscillate within a narrow range, with both bulls and bears locked in a stalemate. This suppressed consolidation often indicates a potential directional breakout next week, and investors should prepare for increased volatility.
Ethereum Shows Resilience
After breaking through $4500 during the day, ETH experienced a spike down but was quickly supported below $4400, indicating strong market support. Currently, the exchange ETH supply continues to decline to 18.39 million coins, with the long-term supply tightening pattern remaining unchanged.
SOL Awaits a Catalyst
SOL continues to consolidate around $190, with market sentiment being cautious. ETF-related news may be the key factor to break the stalemate, and attention should be paid to daily moving average support levels.
Intensive Macroeconomic Risk Events
This week, the Federal Reserve meeting minutes, Jackson Hole central bank annual meeting, and geopolitical meetings are lined up, with potential direct transmission of traditional financial market volatility to the crypto sector. Notably, a survey of U.S. fund managers shows that the allocation of crypto assets by institutions remains low, indicating that a true wave of institutional funds has yet to arrive.
On-Chain Dynamics Observation
• MaiaDAO accumulates 169 ETH in on-chain reserves, showcasing a new trend of "self-built treasury"
• LINK surges 13% in a single day, with reserve fund plans attracting capital
• Monad testnet shows outstanding data, with the developer ecosystem remaining active
• Coinbase smart wallet surpasses one million accounts, with initial product closed-loop formation
Market Movements Tracking
MNT doubles in price under new management, confirming that team restructuring often brings opportunities. Fundstrat analyst Tom Lee proposed the "Bitcoin Strategic Reserve" concept, revealing the future connection between the dollar system and crypto assets. Sky Network achieves ecosystem circular flow through ENA buybacks, reviving classic capital operation models.
Warning of Special Phenomena
Despite continuous KOL calls in the Virtuals ecosystem, token prices remain unusually stable, necessitating caution against artificial market control risks. Upbit exchange sees active trading of ETH, XRP, and CYBER, making Asian retail investor sentiment indicators worth monitoring.
(Market risks exist; invest cautiously. This article does not constitute any investment advice)
