While the volume of sales in the NFT sector has been falling for a long time and has already reached a minimum for the last year, a very interesting trend has emerged. Sales on the Solana network began to significantly exceed trading on the Ethereum network. For Ethereum investors, this is a serious wake-up call that it is time to diversify.

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Bitcoin lost 60% of its value in the first half of the year. Regarding US tech stocks, the result is slightly worse than average, but far from the worst.

⚡️ Solana launches its Web 3.0 Crypto Smartphone priced at $1,000 each.

The phone will be equipped with:
- 6.67 inch OLED display,
- 12GB RAM
- 512 GB memory
- the latest Snapdragon® 8+ Gen 1 flagship mobile platform, with security features to enable the Seed Vault of the Solana mobile stack.

Binance CEO Faces Flak Over “Irresponsible” Uniswap Tweet, Here’s Why
https://bit.ly/3nRPBbb

Bloomberg quietly warns of an upcoming new market dump. Of course, the figure is bearish and the chances of this scenario are quite good, but they didn’t say anything new for sure. It is more than real to see the figures of $14,000-15,000 during the summer.

Breaking: Is Celsius Selling All Withdrawn stETH To Coinbase Custody?
https://bit.ly/3AKj66a

The vast majority of investors have already gotten used to the idea that we are in a bear market (santiment). Now, each new fall is perceived as the norm, there is practically no doubt that the price will collapse further.
Historically, this happens near the global bottom.

The average cost of bitcoin mining has fallen to $13,000 (JPMorgan). The capitulation of the miners is delayed, but the pressure on the market may increase. it is now profitable for them to sell the extracted military-technical cooperation again.

ETH and BTC market share dominance trend over the past 7 and 10 years 📊

India’s Central Bank Is Keen to Ban Cryptocurrencies, Says Finance Minister
https://bit.ly/3ObXIdb

Glassnode: 80% of BTC investments have been inactive for 3 months.

In 2012, 2015 and 2018, this was the signal for the end of the bear market 🤑

Over the past week, the tokens of the metaverse crypto projects have shown good growth. Among the leaders are UFO Gaming, Wilder World and Step app. (Cryptorank)

Globally, I see great prospects in this sector. It is unpredictable which of them will be able to survive. But whoever succeeds will bring a very large profit.
Below I will make an interesting poll on this topic.

BTC Dump Sets Off Bull Trap Warning, Here’s Why You Should Be Careful
https://bit.ly/3B28Hmu

Interesting data was published by Glassnode. Whenever the market price of bitcoin broke down the realized price, stuck there for a long time. On average, consolidation at the bottom took place 4-5 months and more, while now only a month has passed.

The exception was only in March 2020, so of course this cannot be called the golden rule. But the sign is clearly not bullish in the medium term. Before a full-fledged growth cycle, the accumulation must also be complete.

The price of bitcoin has entered the low-risk zone according to the SOPR metric from CryptoQuant. There is still the potential to go lower (when compared with previous super-corrections). But in this case, the price will come to the historically ideal level for buying, from where reversals have always occurred.
Even now, the price looks attractive📈

The number of crypto-users will exceed one billion by 2030 (BCG forecast). We compared the graph with Internet users.

The weekly review from Glassnode once again underlines the idea that the market cannot turn around so quickly. Despite the rebound from the $20,000 level, macroeconomic factors imply that it will take much longer for the bottom to form.

Bitcoin is up 7.5% today and is back above the average aggregate price of longs again (Glassnode data). Locally, the situation is turning bullish again 📈

Breaking: Petition Seeking SEC Chair Gary Gensler Resignation Picks Pace
https://bit.ly/3PQu1jA

This is how the dependence between the accumulation of BTC by large wallets and the price of bitcoin looks like. According to the chart, the bottom is already somewhere very close.