2024

According to CryptoQuant analyst Darkfost, the recent rise in Bitcoin has driven investor sentiment to its most optimistic level in nearly two years, with related market sentiment indicators briefly breaking 89, entering the "extreme greed" zone, the last time a similar level was seen was in March 2024.Darkfost pointed out that when market sentiment is excessively optimistic or pessimistic, it is often worth paying attention to potential market turning points. Currently, this indicator has started to retreat from its previous euphoric levels, gradually returning to a relatively normal range, while the Bitcoin price is attempting to hold its current level.

CryptoQuant analyst Zizcrypto stated that the Stablecoin Supply Ratio Oscillator (SSR Oscillator) 90-day reading quickly rose to the "strong stablecoin buying demand" zone, reaching 3.74 on August 21, close to the peak of about 4 expected in November 2024. Since then, the indicator has started to decline, while BTC is currently trading around $77,000.The rapid rebound of the stablecoin demand indicator coincided with a strong liquidity pulse that occurred earlier in the market. However, what is more concerning now is not the short-term spike itself, but whether this demand signal can be sustained. If the 90-day SSR Oscillator continues to decline and falls back below the "high" zone, the confirmation strength of this indicator regarding the sustained increase in stablecoin buying demand will weaken. Currently, this change appears more like a liquidity pulse rather than a formed persistent demand expansion cycle.The demand signals from the stablecoin side have indeed strengthened significantly recently, but the 90-day oscillation indicator has already started to cool down from its peak of 3.74. If it cannot maintain itself in the "high" zone, then whether this liquidity improvement can evolve into more lasting demand growth remains in question.

According to Decrypt, the cryptocurrency market sentiment has entered the "extreme greed" zone, marking the first time since the end of 2024. The crypto fear and greed index measured by CoinMarketCap reached 81 on Sunday evening and has remained at that level, surpassing the "extreme greed" threshold of 80. A month ago, the index was at 36 (fear), and a week ago it was at 41 (neutral), climbing 45 points in just 30 days, nearly erasing all the cautious sentiment accumulated in the first half of 2026.This is also the fastest sentiment shift for the index this year, and it is the only instance since CoinMarketCap began tracking the index where it jumped directly from "extreme fear" to "extreme greed." Alternative.me has tracked the index for a longer period, and its methodology still places the index in the "greed" range (6% away from extreme greed), but the momentum of the sentiment shift is consistent. The index hit a year-to-date low of 5 on February 5, deeply entrenched in "extreme fear," and from that bottom to this week's 81 points, the market has completed a round trip from total capitulation to extreme greed in six months.This sentiment reversal coincides with Bitcoin's performance. Bitcoin rose about 24% in a week, outperforming the overall crypto market, with its share of total market capitalization continuing to rise. The rally began last Wednesday when the U.S. Treasury announced it would double the size of long-term bond repurchases from $2 billion to $4 billion per transaction, weakening the dollar and prompting investors to view Bitcoin as an inflation hedge. After Bitcoin broke through $70,000, short sellers were forced to cover, liquidating over $4 billion in crypto shorts within two to three days;

CryptoQuant analyst Darkfost stated that the spot trading volume of Bitcoin on major exchanges has dropped by more than 75% compared to the end of 2024. Binance's trading volume in July exceeded $35 billion, far below the $246 billion in November 2024; Bybit plummeted by 85%, Coinbase fell by 61%, and OKX dropped by 67%, marking the lowest levels since the late 2023 bear market.The analyst pointed out that the escalating conflict between the U.S. and Iran is suppressing risk sentiment, inflation is raising concerns about high interest rates, and the stock market continues to absorb liquidity, all of which are unfavorable for speculative assets. Bitcoin's return to a bullish trend requires a shift in the macro landscape and a return of demand.

According to Jinshi, the global fund manager survey by Bank of America shows that fund managers' bullish sentiment towards the US stock market has reached its highest level since December 2024. A net 24% of respondents believe that US stocks will outperform other regions, marking the third highest allocation weight for US stocks in the past five years.In contrast, investors have reduced their allocation to UK stocks, with confidence dropping to its lowest point since August 2020.

According to CryptoQuant analyst Darkfost, the dominant proportion of Meme coins in the altcoin market has dropped to 3.7%, the lowest level since February 2024, significantly down from a peak of over 10% in November 2024.Darkfost stated that the number of Meme coin holders is becoming increasingly scarce, marking the lowest period in the past three years, reflecting that this sector is being significantly neglected by the market.

CryptoQuant data shows that in Q1 2026, the total loan size of the CeFi credit market decreased by 6% quarter-on-quarter to $23.3 billion, marking the first contraction across the industry since Q3 2024. The reduction in loan size is attributed to crypto users reducing leverage during the bear market.Tether remains the largest lender, with a loan size of $15.8 billion and a market share of 68%, followed by Maple Finance ($2.1 billion, 9%) and Nexo ($1.8 billion, 8%). Market share is shifting towards Maple, Nexo, and Coinbase, with the three experiencing increases of 1.0, 0.5, and 0.7 percentage points respectively during the quarter. Coinbase and Maple saw loan sizes grow by approximately 6% quarter-on-quarter, while Nexo recorded nearly 1% growth, making them the only three major lenders to experience growth. The remaining institutions saw a contraction in loan sizes, with Galaxy Digital (-21%) and Ledn (-19%) leading the declines, while Tether's loan size decreased by 7%.

According to DefiLlama data, the total locked value (TVL) of DeFi across the network once fell below 70 billion USD, setting a new low since February 2024. Currently, the total TVL across the network is approximately 70.129 billion USD.From the peak of about 171 billion USD in October 2025, DeFi TVL has cumulatively decreased by about 60%. In the past 7 days, the total market value of stablecoins has slightly decreased by 0.97%, while DEX spot trading volume has increased by 8.21% compared to the previous week.

According to the Financial Times, affected by the intensified sell-off of tech stocks, Bitcoin has fallen to a 20-month low, and market risk sentiment continues to weaken. Bitcoin briefly dropped below $60,000, with an intraday decline of up to 5.4%, reaching its lowest level since October 2024. Over the past two years, traders have regarded $60,000 as an important support level. This round of decline occurred after a sell-off of large tech stocks this week. Traders are betting that the U.S. central bank will respond to inflation by raising interest rates, which may suppress risk appetite and prompt investors to reassess overvalued assets and turn to relatively safe assets.In recent years, the correlation between crypto assets and stock movements has been high, but this relationship is currently under pressure. Bitcoin and Solana have fallen 32% and 47% respectively this year, and even a rebound in the stock market has not led to a significant recovery. Part of the reason is that retail investors' demand for cryptocurrencies has decreased, turning instead to chase the volatility of AI-related stocks. Gerry O'Shea, Global Market Insights Director at crypto asset management firm Hashdex, stated that as large public offerings and AI stocks become the market focus, market sentiment remains weak. Analysts currently do not believe there are significant catalysts in the crypto market.The U.S. capital markets are still digesting the world's largest IPO, SpaceX, which went public on Nasdaq earlier this month, with AI companies like OpenAI and Anthropic also expected to follow suit. Meanwhile, the important U.S. digital asset regulatory bill, the Clarity Act, remains stalled in the Senate, facing strong opposition from the banking sector and has not yet garnered enough bipartisan support.

According to Gate market data, the stock price of Strategy has fallen below 100 dollars, reaching a new low since March 2024, currently reported at 99.4 dollars, with a decline of over 4%.

CryptoQuant analyst DarkFost stated that data shows significant transfers and potential selling behavior among long-term holders (OG) who have held Bitcoin for over 5 years during this cycle. The 90-day average of STXO (Spent Transaction Output) reached peak levels in May 2024, February 2025, and September 2025. Currently, this indicator has dropped to 962 BTC, the lowest level since November 2024, indicating that this group of investors is more inclined to continue holding at the current price range, and the market's selling pressure has eased.

According to Gate market data, Netflix (NFLX.O) stock price fell by 5.2%, reaching a new low since October 2024.

According to Decrypt, CryptoQuant data shows that despite Bitcoin's price dropping nearly 50% from its historical peak, network activity continues to rise, recently reaching its highest level since the end of 2024, only 7% lower than the historical peak in September 2024. Analysis points out that this is the first sustained activity above the trend line since mid-2024, contrasting sharply with the bearish price trend of Bitcoin.However, while activity is growing, the economic value of transactions is significantly low. Transactions of less than 0.01 BTC and less than 0.001 BTC have increased from 44% in 2023 to about 80%. CryptoQuant considers this a sign of "protocol-driven activity": high transaction volume but low individual value.The usage of OP_RETURN also surged to near historical highs in 2026, involving applications such as Bitcoin NFT activity and timestamp services. Bitcoin's price has dropped 17% over the past 30 days, currently around $63,865.

According to Gate market data, BTC/USDT is currently reported at $60000, with a 24-hour decline of 5.9%, reaching a new low since October 14, 2024.

The DeFi protocol Radiant announced that after experiencing a hacker attack in October 2024, and after 18 months of continuous efforts, the DAO no longer has a viable path to continue operations and will gradually enter the "sunsetting" phase.Currently, the project has no progress in recovering funds, no new capital injection, and lacks the funds and development space to maintain normal operations, thus it cannot continue responsible long-term operations.

According to Jinshi reports, the S&P 500 Index and the Nasdaq Composite Index have risen for the sixth consecutive week, marking the longest winning streak since October 2024.

According to market news, an anonymous crypto whale residing in Puerto Rico has sued Coinbase, accusing the exchange of refusing to return funds stolen in a 2024 hacking incident.The lawsuit is highly similar to a security breach in August 2024, when a crypto user lost over $55 million in DAI stablecoins after falling victim to a phishing attack. The plaintiff claims to have hired several on-chain investigation firms to trace the stolen funds, which were tracked to a Coinbase account. Coinbase confirmed in early December 2024 that it had locked the relevant funds but froze them pending investigation. However, a year and a half later, Coinbase has still not returned the funds, claiming that a court order is needed to release them.The attack was initially identified by on-chain detective ZachXBT, who reported that the hacker created a fake DeFi Saver login page using the "Inferno Drainer" platform, leading the victim to mistakenly hand over control of their wallet to the attacker.

According to Cointelegraph, the amount of venture capital funding in the crypto sector dropped to $659 million in April, the lowest monthly total since July 2024.

According to Gate market data, the S&P 500 index rose by 0.9% this week, the Dow Jones index rose by 0.5%, and the Nasdaq index rose by 1.1%. The S&P 500 index and the Nasdaq index have risen for the sixth consecutive week, setting the longest consecutive increase record since October 2024.

According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) has risen to 160.5, the highest level since July 2024.