The start of August is not calm, but the market is brewing a turnaround.
The latest statement from the SEC releases a signal of regulatory easing, providing a reassuring pill for the crypto industry. Currently, three positive signals are emerging in the market:
The massive unlocking of tokens has dropped by 52%, significantly reducing selling pressure; the supply of USDT and USDC has rebounded simultaneously, and stablecoins are starting to become active; after the ETH spot ETF enters the staking phase, the secondary application window is about to open, and narrative heat is expected to rise again.
There are already signs of warming in the funding situation. After a brief net outflow, Bitcoin ETFs have regained favor among investors, the overall trading volume is gradually recovering, and bottom-fishing funds are quietly entering the market.
On the risk side, the same old concerns remain: the FOMC meeting at the beginning of August and Trump's tariff policies may cause fluctuations, but as long as no black swan events occur, the impact is expected to be limited.
The current market focus is still on mainstream cryptocurrencies, with BTC dominating due to its absolute liquidity advantage, and ETH performing actively under ETF expectations.
In contrast, altcoins are still hovering at the bottom, far from the prosperous scene of 2021, lacking sustained capital support. Can August break the altcoin curse?
Let’s keep an eye on it. At least for now, the market is slowly repairing itself, and rationally viewing the trend is more important than blindly following altcoin sentiment.
