indicators

The one-stop AI infrastructure platform B.AI has set new operational data records: yesterday's single-day computing power throughput exceeded 456.94 billion tokens, with 7,913 new registered users and 7,402 API users, all three metrics breaking historical records.This achievement fully validates the exceptional stability of the B.AI platform architecture under ultra-high concurrency and heavy load, and demonstrates that its inclusive computing vision is accelerating the attraction of global developers to access production-level AI agents and automated workflows at extremely low costs. B.AI will continue to optimize its one-stop AGI infrastructure, lower the threshold for AI applications, and drive cutting-edge intelligence efficiently into real productivity.

According to Blockworks data, Hyperliquid Builder Codes reached a nominal trading volume of approximately $989.4 million on August 21, setting a new historical high. Among this, perpetual contracts accounted for about $983.9 million, spot trading for about $5.408 million, and the result market for about $66,000. On the same day, the number of traders was approximately 39,982, and Builder revenue totaled about $781,600, also reaching a recent high.In terms of revenue contribution, MetaMask contributed about $142,600, Phantom about $114,300, Trust Wallet about $86,900, followed closely by Invo, Based, fomo, and others.

According to CoinDesk, the latest report from asset management company VanEck shows that Bitcoin has currently triggered 8 out of 12 market capitulation indicators, indicating that the market is approaching the historical bear market bottom area, but the related signals do not mean that the price has bottomed out. These indicators mainly measure the market status of Bitcoin during extreme sell-off phases, including the extent of price retracement from highs, miner profitability, and the proportion of holders at a loss. Over the past three months, all 12 indicators have reached the triggering range.VanEck pointed out that Bitcoin's previous rounds of major bottoms experienced maximum declines of approximately 94%, 85%, 84%, and 78%, during which the market lacked support from spot ETF funds, institutional holdings were relatively small, and there were impacts from major industry events such as Celsius and FTX. In contrast, the market structure has changed this time. From a cyclical perspective, VanEck has compiled 4 complete Bitcoin cycles since 2011 and found that bear markets typically last about 11 months on average from peak to trough; if excluding the special cycle of 2011, the average is about 12.7 months. Currently, Bitcoin has entered the 10th month since its peak in October 2025, and the next potential accumulation window may appear between September and November of this year.VanEck concluded that the current capitulation indicators are more suitable as tools for long-term investors to assess the cycle position rather than short-term bottom-fishing signals. Historical data shows that the advantages of investing based on these indicators are mainly reflected within a one-year cycle, and the market may continue to fluctuate in the coming months.

The Central Bank of Russia has released a regulatory draft proposing to include digital currencies in the asset scope for calculating capital adequacy ratios and other prudential regulatory indicators for professional participants in the financial market, applicable to institutions such as brokers, asset management companies, forex traders, and cryptocurrency exchanges.The draft stipulates that relevant institutions may only include cryptocurrencies approved for circulation on exchanges when calculating their own funds, with their value not exceeding 25% of the total assets included in the calculation, and they must be registered and held by a crypto custody institution. The Central Bank of Russia stated that this move aims to incorporate the risks of crypto assets into capital regulation and enhance the financial stability of financial intermediaries.

Cryptocurrency analyst Ai posted on the X platform that multiple technical indicators at the monthly level for Bitcoin are releasing bullish signals, suggesting that the current market may have formed a macro bottom. Data shows that the TD Sequential indicator triggered a buy signal on the Bitcoin monthly chart last month. This indicator previously successfully identified the bottom of the bear market in 2022 and is now showing a similar signal again. Additionally, Bitcoin's current price is close to the 50-month simple moving average (SMA). Historical data indicates that since 2014, this long-term moving average has repeatedly become an important support area for Bitcoin and corresponds with multiple market bottoms.Meanwhile, the Chande Momentum Oscillator (CMO) has fallen back to around -71. The last time this indicator reached a similar level was in June of this year, when Bitcoin's price briefly dropped to $57,000. Historically, extreme low levels of CMO often coincide with market bottom areas. Analysts believe that Bitcoin may still oscillate in the range of $60,000 to $67,000 in the short term, but the TD Sequential buy signal, 50-month moving average support, and CMO oversold condition together indicate that a long-term cycle bottom may have formed. The market will focus on whether subsequent prices can break through the oscillation range to confirm a new upward trend.

CoinGlass's latest data shows that BTC is currently priced at $63,129.2, with a 24-hour decline of 0.43%. The total spot trading volume across the network is approximately $1.838 billion. Among them, Gate's BTC spot trading volume is about $212 million, ranking third in the network.As for ETH, it is currently priced at $1,863.23, with a 24-hour decline of 0.66%. The total spot trading volume across the network is approximately $763 million. Among them, Gate's ETH spot trading volume is about $105 million, also ranking third in the network. Meanwhile, the total contract trading volume for ETH across the network is approximately $24.138 billion, with Gate's ETH contract trading volume at about $2.228 billion, similarly ranking third in the network.From the latest trading distribution, the price adjustments for BTC and ETH within the day are relatively limited, and the trading heat of mainstream assets remains concentrated on leading platforms. Gate ranks in the top three for BTC spot, ETH spot, and ETH contract in three core trading indicators, indicating that its liquidity and trading activity in mainstream cryptocurrency trading remain at a high level.

According to Jinshi, the number of initial jobless claims in the U.S. last week, the month-on-month personal spending for June, the month-on-month and year-on-year core PCE price index, the preliminary quarter-on-quarter real personal consumption expenditure for the second quarter, the real GDP, and the preliminary quarter-on-quarter annualized core PCE price index will be announced in ten minutes.

According to the Q3 2026 signal report released by Fidelity Digital Assets, the prices of BTC, ETH, and SOL are generally at historical lows, with multiple indicators close to the capitulation zone. Fidelity believes that the current valuation levels may correspond to attractive long-term entry conditions.As of the end of Q2, the weighted net unrealized profit and loss (NUPL) was -0.01, with BTC being the only asset with a positive unrealized profit, approximately 10% above its cost basis, with an unrealized profit of about $108 billion, while ETH and SOL were approximately 30% and 41% below their cost bases, with unrealized losses of about $87 billion and $29 billion, respectively. BTC's market share rose to 68% quarter-over-quarter.The report states that, based on historical backtesting, the current NUPL readings for the three correspond to one-year median returns of 53%, 70%, and 542%, respectively, but the reliability of the samples decreases sequentially. The NUPL reading for SOL has only occurred 21 times in history, concentrated at the end of 2025, which has limited statistical significance.On the fundamental side, the value of stablecoin transfers for both ETH and SOL has reached new highs, exceeding $20 trillion and $2.6 trillion, respectively, over the past 12 months, but network fee revenue continues to decline.Additionally, the report attributes the 22% decline in BTC hash rate from its peak to miners shifting their computing power towards AI and high-performance computing, as AI contract revenues are more stable due to the depressed coin prices.

According to Jinshi reports, Russian President Putin stated that based on macroeconomic indicators, the key interest rate should be lowered.

According to a post by Galaxy Research research director Alex Thorn (@intangiblecoins), indicators related to long-term Bitcoin holders have set new historical records:The supply ratio of coins held for ≥ 10 years has reached 17.7%, the amount held by long-term holders is 16.75 million coins, the market value realized by long-term holders has reached 836.4 billion USD, and the average holding cost for long-term holders is 50,000 USD. The above data indicates that a large number of coins are firmly locked by long-term holders, who refuse to sell even though the average price has reached 50,000 USD. The actual circulating supply in the market continues to tighten, and the behavior of long-term holders is building a solid bottom support for Bitcoin prices.

According to a report by crypto.news, Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin's recent decline is the "collapse of confidence triggered by Strategy." The issue lies not only in the price of Bitcoin itself but also in the growing concerns in the market regarding Strategy's financing model.As the largest publicly traded holder of Bitcoin globally, Strategy's stock and preferred securities have become key indicators for traders to measure Bitcoin market risk. Previously, the company's Bitcoin flywheel effect had come under pressure, with stock trading prices dipping below the value of its Bitcoin holdings, indicating that its long-reliant "premium stock issuance to repurchase Bitcoin" model is being challenged. Novogratz bluntly stated that STRC trading is weak, which should have been maintained around $100. Currently, Strategy's annual dividend obligation has risen to about $1.2 billion, and a decline in cash reserves has reduced the dividend coverage period to only about 14 months.Bitcoin is also facing pressure on a macro level. Novogratz summarized the current market logic as "a strong dollar means a weak Bitcoin," with hawkish central bank signals and a strengthening dollar suppressing demand for risk assets. From a technical perspective, the $59,000 to $60,000 range for Bitcoin has become a critical defense line, and if it breaks down, the downward space could open up to $45,000.Novogratz also admitted that the current situation is complex, with a 50-50 probability of a rebound or a deep correction. Outflows from ETF funds, weak liquidity, and cautious positioning in the options market further confirm the fragile market sentiment. Now, the health of Strategy's balance sheet, the performance of STRC prices, and cash positions have evolved from being company-level issues to becoming confidence signals for the overall Bitcoin market.

Glassnode stated that the Altcoin Cycle Signal has re-entered the "Altcoin Season" range. Typically, Altcoin Season means that altcoins rise while Bitcoin remains strong, but this time the situation is different. After nearly two years of continuous selling, the selling pressure in the altcoin market is gradually diminishing, while Bitcoin has experienced a significant pullback. Currently, the return of this signal to the Altcoin Season range is primarily driven by Bitcoin's weakness, rather than a comprehensive strength in altcoins.

Analyst Gaah cited CryptoQuant data stating that the Bitcoin cycle momentum indicator shows that the current bear market has not yet ended. This indicator has not risen above the neutral zone (0), so the bear market continues. The indicator has reached the -30 point range, which historically is a deep area for forming cyclical bottoms. Historically, this range (-30) has constituted a major support level for BTC. However, to confirm a trend reversal, the price must form a bullish pattern while the indicator breaks through the neutral zone.

According to CoinGlass data, BTC is currently priced at $64,061.4, with a total spot trading volume of approximately $6.558 billion, of which Gate's trading volume is about $1.143 billion, ranking among the top three in the market.As for ETH, it is currently priced at $1,733.32, with a total spot trading volume of approximately $2.960 billion, of which Gate's trading volume is about $481 million, ranking among the top three in the entire network. Meanwhile, the total contract trading volume for ETH is approximately $51.467 billion, with Gate's trading volume at about $6.540 billion, ranking third. Despite the short-term market correction, Gate continues to maintain a leading position in trading depth and liquidity performance in the BTC and ETH spot and derivatives markets.

Grayscale Research Director Zach Pandl released a research report stating that, based on multiple on-chain valuation indicators, Bitcoin's current price is below its long-term average, indicating that it is undervalued, but the degree of undervaluation is not as significant as in previous cycle lows such as after the FTX collapse.

Glassnode data shows that as Bitcoin briefly fell to $61,300, the number of BTC in an unrealized loss state rose to approximately 10.5 million, surpassing the 9.8 million in a profit state for the first time, accounting for over half of the total circulating supply. This is the first occurrence in this cycle where the number of loss chips exceeds the number of profit chips. Historical data indicates that this metric has only appeared during deep bear market phases and has often corresponded with significant market bottoms. Similar situations occurred during the bear markets of 2015, 2019, 2020, and 2022, although the duration varied from one month to a year.Meanwhile, the Bitcoin price touched approximately $61,300, which is the 200-week moving average, a level that has consistently formed key long-term support during past bear markets. Analysts believe that if BTC falls below the $60,000 threshold, the next important support level will be around the realized price of approximately $54,000, and Bitcoin has historically fallen below the realized price during major bear markets.

Ki Young Ju, the founder of CryptoQuant, posted on social media that the price of Bitcoin is the same now as it was two years ago, but one thing has changed. The "6 months to 2 years" holding group that entered during this cycle currently accounts for 53% of the realized market cap, while two years ago this proportion was only 15%. In the previous cycle, when this proportion reached 68%, Bitcoin bottomed out. Currently, short-term holders are gradually evolving into long-term holders.

According to Jinshi reports, Federal Reserve official Hamak stated that they are currently focusing on multiple inflation indicators to assess the economic situation and the direction of monetary policy adjustments.