Deep Tide TechFlow News, on August 19, VanEck released an analysis report stating that Bitcoin achieved a key development between mid-July and mid-August: the price rebounded to $124,000, setting a new historical high, and the CME basis reached a new high for the year. VanEck maintains its year-end price target for Bitcoin at $180,000.

In terms of mining, although the stock price of mining company APLD surged, most mining companies underperformed. Notably, U.S. mining companies have reached a new high of 31.5% of the global hash rate share.

The report also pointed out that due to low volatility, the adjusted net asset value (mNAV) of Digital Asset Treasuries (DATs) has declined, suppressing financing and growth.