Analyst: Cyclical Indicator Shows Bitcoin is in the Late Bull Market Stage
BlockBeats News, August 24th, CryptoQuant analyst Axel Adler Jr posted, stating that "Bitcoin oscillated in a narrow range between $111,000 and $117,000 this week, with a 90-day return of +5%, indicating the market is in a consolidation phase."
Spot ETF Fund Flow (7 days): Net outflow of 2,400 BTC; 7-day average trading volume is 545,000 BTC/day, easing distribution pressure.
In terms of the macro environment, the Federal Reserve hinted at a possible rate cut, with declining yields providing support to the market, but still constrained by tariff and cost risks. The Index Market Phase cyclical indicator shows that Bitcoin is in the late bull market phase."
You may also like

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…