CRYPTO CLASSICS
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🚀 Top Trending Coins (Today) 1. PORTAL 2. BTW 3. CHIP 4. PENGU 5. SOL 6. CASHCAT 7. LINK 8. HYPE 9. TAO 10. ONDO 11. BTC 12. WLD 13. ETHFI 14. PLUME 15. ACE #CryptoNews
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📊 Key Events This Week ~ 1. July Housing Starts data - Tuesday 2. July Pending Home Sales data - Tuesday 3. Fed Meeting Minutes - Wednesday 4. August Philly Fed Manufacturing Index - Thursday 5. August S&P Global Services PMI data - Friday 6. August S&P Global Manufacturing PMI data - Friday #CryptoNews
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Transfer volume across the network has risen 23%, but nearly half of all coins are still at a loss. The share of coins in profit is 53%, compared with a 10-year average of 82%. Network activity is already above its yearly norm. #CryptoNews
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Market Sentiment ₿ Bitcoin Fear and Greed Index is 34 ~ Fear
Apparent demand has clearly improved but remains negative at -32,000 BTC. BTC started this new consolidation range in early June, when demand was estimated at -272,000 BTC. This is a positive development, but not enough yet. #CryptoNews
🚀 Top Trending Coins (Today) 1. PENGU 2. COW 3. BTC 4. JUP 5. LINK 6. VIRTUAL 7. SOL 8. NIL 9. LIT 10. SUI 11. AKE 12. CORE 13. CYS 14. CARDS 15. XLM #CryptoNews
Why You Shouldn’t Expect a Deep Correction in BTC. Bitcoin’s current pullback looks modest compared to past cycles: - 2014: -92% - 2015: -82.5% - 2018: -83% - 2022: -75.5% - 2026: -48% (current) Historically, the market has not reversed after such a small correction, and a 75% drop would mean a price of $30k. Will we see a similar drop again? I doubt it. ⚡️ Let me explain: from its peak of $2.5 trillion in market cap, Bitcoin has already lost $1.2 trillion. To drop to $30k, the market cap would have to shrink all the way down to $600 billion, which is unrealistic given the dominance of investment funds. Look at the statistics: with each cycle, the magnitude of the decline decreases, so we’re unlikely to see drops like this again. By the way, the same logic applies to growth as well. #CryptoNews
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Market Sentiment ₿ Bitcoin Fear and Greed Index is 34 ~ Fear
🚀 Top Trending Coins (Today) 1. ACE 2. PENGU 3. AKE 4. BTC 5. KII 6. PUMP 7. INJ 8. UNI 9. SOL 10. LAB 11. BTW 12. CASHCAT 13. TAO 14. PI 15. TIBBIR #CryptoNews
Conviction buyers doing what they do best: absorbing in downturns. Accumulating straight through a -49% drawdown, and now holding ~4M BTC. #CryptoNews