According to CryptoQuant, Bitcoin may be approaching the final stage of capitulation
The Realized P/L Ratio has dropped to -0.35 for the first time in 43 months, indicating that realized losses are significantly outweighing realized profits across the Bitcoin supply.
Historically, readings this low have closely aligned with major market bottoms, suggesting that selling pressure may be nearing exhaustion.
While no indicator guarantees a reversal, on-chain data is once again signaling that Bitcoin could be entering a zone where long-term investors start paying close attention.
The Realized P/L Ratio has dropped to -0.35 for the first time in 43 months, indicating that realized losses are significantly outweighing realized profits across the Bitcoin supply.
Historically, readings this low have closely aligned with major market bottoms, suggesting that selling pressure may be nearing exhaustion.
While no indicator guarantees a reversal, on-chain data is once again signaling that Bitcoin could be entering a zone where long-term investors start paying close attention.
One of the simplest ways to judge whether Bitcoin's long-term uptrend is still intact is by looking at the cycle lows
As long as each major market bottom is higher than the previous one, the macro bullish trend remains intact—even if short-term price action looks painful.
Despite the current volatility, Bitcoin continues to print higher lows across market cycles, suggesting the long-term structure has yet to be broken.
As long as each major market bottom is higher than the previous one, the macro bullish trend remains intact—even if short-term price action looks painful.
Despite the current volatility, Bitcoin continues to print higher lows across market cycles, suggesting the long-term structure has yet to be broken.
A whale who bought 9,400 ETH around $4,310 four years ago has finally capitulated, selling at an average price of $1,780 and locking in a loss of roughly $24M
That’s a painful reminder of how brutal the ETH cycle has been for many long-term holders.
Crypto Twitter is joking that Vitalik wanted “cheap ETH,” and the market delivered a little too well. But beneath the memes, the story highlights how difficult it has been for investors who bought near the previous cycle’s highs and held through years of underperformance.
One whale gave up. The bigger question is whether this is another capitulation signal — or just one exhausted holder finally deciding they’ve had enough.
That’s a painful reminder of how brutal the ETH cycle has been for many long-term holders.
Crypto Twitter is joking that Vitalik wanted “cheap ETH,” and the market delivered a little too well. But beneath the memes, the story highlights how difficult it has been for investors who bought near the previous cycle’s highs and held through years of underperformance.
One whale gave up. The bigger question is whether this is another capitulation signal — or just one exhausted holder finally deciding they’ve had enough.
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According to the asset manager, BTC is no longer driven primarily by the four-year halving cycle. Instead, global liquidity, real interest rates, and Federal Reserve policy have become the dominant market drivers.
The latest Bitcoin pullback coincided with higher real yields and expectations of a more hawkish Fed. Grayscale argues that if the Fed pauses rate hikes and the U.S. economy avoids a sharp slowdown, Bitcoin's bottom may already be in.
Not everyone agrees. Supporters of the traditional four-year cycle believe BTC still has room to fall, noting that previous cycle bottoms typically formed about one year after the peak and roughly 2.5 years after the halving, with average drawdowns of around 80%.
The debate continues: macro cycle or halving cycle—which one wins this time?
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Short-term Bitcoin holders are showing signs of panic
According to CryptoQuant, 15,100 BTC (around $1 billion) were transferred to exchanges by short-term holders over the past 24 hours while sitting at an unrealized loss.
The metric tracks BTC moved to exchanges—not actual sales—but such transfers often indicate that investors are preparing to sell. This suggests that some of the coins have likely already been sold, while others may still be waiting to hit the market.
Historically, large waves of panic selling from short-term holders often coincide with periods of heightened market fear and volatility.
According to CryptoQuant, 15,100 BTC (around $1 billion) were transferred to exchanges by short-term holders over the past 24 hours while sitting at an unrealized loss.
The metric tracks BTC moved to exchanges—not actual sales—but such transfers often indicate that investors are preparing to sell. This suggests that some of the coins have likely already been sold, while others may still be waiting to hit the market.
Historically, large waves of panic selling from short-term holders often coincide with periods of heightened market fear and volatility.
🔗 According to Chainspect, Internet Computer (ICP) has processed the highest number of transactions among leading blockchain networks, reaching an impressive 296 billion since launch.
🏆 Top 3 by lifetime transaction count:
🥇 ICP — 296B
🥈 Solana — 119B
🥉 Hedera — 71.2B
The top 10 also includes Stellar, TRON, BNB Chain, Fogo, Polygon, BSV, and Base.
Keep in mind that this metric reflects the total number of transactions processed since each network launched. It highlights network activity over time but doesn't necessarily indicate user adoption, value transferred, or ecosystem strength.
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Retium Testnet — First Week of Wallet Testing 🟢
During the first week of the Retium Wallet public test, the Retium Testnet has already processed strong daily transaction activity.
Day (UTC) Transactions
Thu 31 Jul 39,225
Fri 1 Aug 44,657
Sat 2 Aug 44,702
Sun 3 Aug 44,997
Mon 4 Aug 46,940
Tue 5 Aug 46,163
Wed 6 Aug 46,813
🔗 Official Links:
🌐 https://retium.org
🎮 https://discord.gg/retium
During the first week of the Retium Wallet public test, the Retium Testnet has already processed strong daily transaction activity.
Day (UTC) Transactions
Thu 31 Jul 39,225
Fri 1 Aug 44,657
Sat 2 Aug 44,702
Sun 3 Aug 44,997
Mon 4 Aug 46,940
Tue 5 Aug 46,163
Wed 6 Aug 46,813
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Bitcoin is finally showing signs of decoupling from stocks
BlackRock's digital-assets chief says BTC has recently become less correlated with equities, and in July it held up relatively well even as AI-related stocks came under pressure.
That's exactly the scenario institutional investors have been waiting for: Bitcoin becoming a genuine portfolio diversifier, rather than simply another leveraged bet on the Nasdaq.
If this trend continues, BTC could gradually strengthen its case as a standalone asset class—with its own drivers instead of simply following the stock market.
Maybe Bitcoin is finally becoming what Wall Street wanted it to be all along?
BlackRock's digital-assets chief says BTC has recently become less correlated with equities, and in July it held up relatively well even as AI-related stocks came under pressure.
That's exactly the scenario institutional investors have been waiting for: Bitcoin becoming a genuine portfolio diversifier, rather than simply another leveraged bet on the Nasdaq.
If this trend continues, BTC could gradually strengthen its case as a standalone asset class—with its own drivers instead of simply following the stock market.
Maybe Bitcoin is finally becoming what Wall Street wanted it to be all along?
Binance Reclaims Bitcoin Futures Crown From CME
For the first time since late 2023, Binance leads Bitcoin futures open interest — holding ~148,500 BTC against CME's 102,840. That's a meaningful reversal of two years of "institutions are taking over" narrative.
Whether it signals genuine retail resurgence or simply institutional caution during macro uncertainty, the shift is hard to ignore. TradFi had the throne; it just lost it.
For the first time since late 2023, Binance leads Bitcoin futures open interest — holding ~148,500 BTC against CME's 102,840. That's a meaningful reversal of two years of "institutions are taking over" narrative.
Whether it signals genuine retail resurgence or simply institutional caution during macro uncertainty, the shift is hard to ignore. TradFi had the throne; it just lost it.
📈 Accurate Bitcoin forecasts can pay out at 5x or more
Glimpse runs on a simple mechanism that's different from anything else in crypto trading: instead of buying or shorting an asset, you forecast the price range it will trade in. Accurate calls are paid out in Bitcoin — and the narrower and more precise your call, the bigger the payout.
That structure changes the incentive entirely. A trending market and a flat one both offer a play — the edge comes from reading where price will land, not from picking a direction and hoping for volatility.
Glimpse recently expanded its forecasting markets beyond Bitcoin to include Ethereum, Solana and Gold, all live now.
Deposits and withdrawals run on Lightning. Glimpse is licensed by the Bermuda Monetary Authority under the Digital Asset Business Act, positioning itself as compliance-first as forecasting markets start moving into the mainstream.
🔗 Try it here: https://glimpse.trading/
Glimpse runs on a simple mechanism that's different from anything else in crypto trading: instead of buying or shorting an asset, you forecast the price range it will trade in. Accurate calls are paid out in Bitcoin — and the narrower and more precise your call, the bigger the payout.
That structure changes the incentive entirely. A trending market and a flat one both offer a play — the edge comes from reading where price will land, not from picking a direction and hoping for volatility.
Glimpse recently expanded its forecasting markets beyond Bitcoin to include Ethereum, Solana and Gold, all live now.
Deposits and withdrawals run on Lightning. Glimpse is licensed by the Bermuda Monetary Authority under the Digital Asset Business Act, positioning itself as compliance-first as forecasting markets start moving into the mainstream.
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🚀 CRYPTO MARKET UPDATE — ALTS ARE MOVING
The crypto market continues to push higher.
🌐 Total market cap: ~$2.62T (+1.78% / 24H)
💰 24H volume: ~$92.43B
₿ BTC dominance: 59.22%
📊 Biggest moves among major crypto
🟠 BTC — $77,369 | +1.73% (24H)
♦️ ETH — $2,442 | +1.58% (24H)
⚡️ XRP — $1.48 | +1.70% (24H)
🟣 SOL — $94.07 | +1.74% (24H)
🟡 BNB — $699.90 | +0.83% (24H)
🔥 The real standouts are in DeFi and privacy:
🟢 AAVE — $143.07 | +16.09% (24H)
🔵 MORPHO — $2.73 | +20.37% (24H)
🛡 ZEC — $833.07 | +7.31% (24H)
AAVE and MORPHO are clearly outperforming the broader market, with both DeFi tokens posting double-digit gains in just 24 hours. ZEC is also showing a strong move, while BTC, ETH, XRP and SOL continue grinding higher rather than exploding vertically.
The key takeaway: this isn't just a Bitcoin move anymore. Money is rotating into selected altcoins, with DeFi currently one of the strongest areas of the market.
🚀 BTC is holding the market up. Alts are starting to accelerate.
⚠️ DYOR. Don't chase green candles.
The crypto market continues to push higher.
🌐 Total market cap: ~$2.62T (+1.78% / 24H)
💰 24H volume: ~$92.43B
₿ BTC dominance: 59.22%
📊 Biggest moves among major crypto
🟠 BTC — $77,369 | +1.73% (24H)
♦️ ETH — $2,442 | +1.58% (24H)
⚡️ XRP — $1.48 | +1.70% (24H)
🟣 SOL — $94.07 | +1.74% (24H)
🟡 BNB — $699.90 | +0.83% (24H)
🔥 The real standouts are in DeFi and privacy:
🟢 AAVE — $143.07 | +16.09% (24H)
🔵 MORPHO — $2.73 | +20.37% (24H)
🛡 ZEC — $833.07 | +7.31% (24H)
AAVE and MORPHO are clearly outperforming the broader market, with both DeFi tokens posting double-digit gains in just 24 hours. ZEC is also showing a strong move, while BTC, ETH, XRP and SOL continue grinding higher rather than exploding vertically.
The key takeaway: this isn't just a Bitcoin move anymore. Money is rotating into selected altcoins, with DeFi currently one of the strongest areas of the market.
🚀 BTC is holding the market up. Alts are starting to accelerate.
⚠️ DYOR. Don't chase green candles.
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Tried using USDT for sports predictions on Parimatch before a game and the process was pretty straightforward 🔥
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My #1 platform for game mood! 🔥
Parimatch has 1000+ casino games — Chicken Pirate, Aviator, Coin Train, Ice Fishing, slots and plenty more. Whatever you’re in the mood for, there’s always something to play!
And the best part as you can deposit and withdraw directly with USDT or USDC 🤑
Grab your welcome bonus up to 1,200 USDT/USDC, pick your game & play with crypto 👉 https://bit.ly/cryptoshil-pm
Parimatch has 1000+ casino games — Chicken Pirate, Aviator, Coin Train, Ice Fishing, slots and plenty more. Whatever you’re in the mood for, there’s always something to play!
And the best part as you can deposit and withdraw directly with USDT or USDC 🤑
Grab your welcome bonus up to 1,200 USDT/USDC, pick your game & play with crypto 👉 https://bit.ly/cryptoshil-pm