当美国政府转移了价值 20 亿美元的比特币时，比特币涨势结束。6 万至 7 万美元的交易区间一直保持稳定，但这一区间的重大转变即将到来。

<h3>每日市场简报  2024/08/12  12:05  UTC+8 </h3><img src="https://static.fwimg.io/img/feed/a1076c4eb887220e3e79b18d8bcc5110.jpg"><h3>分析师观点</h3>“当美国政府转移了价值 20 亿美元的比特币时，比特币涨势结束。6 万至 7 万美元的交易区间一直保持稳定，但这一区间的重大转变即将到来。” - 10x Research“近五分之四的受访经济学家预计，美联储在 9 月只会降息 25 个基点，并且预估中值显示，在 9 月会议前紧急降息的可能性仅为 10%。” - Bloomberg“个人增加了对蓝筹 DeFi 资产的配置，包括 Uniswap、Fantom 和 Akash，ETH 敞口仍然很高，但已经减少了比特币的持仓，因为山寨币相对于比特币已经相对触底，这为增加敞口提供了一个很好的机会。” - Joey Krug，合伙人@Founders Fund <h3>市场热点</h3><ul><li>上周美国比特币现货 ETF 净流出 1.66 亿美元</li><li>上周美国以太坊现货 ETF 累计净流入 1.048 亿美元。</li><li>比特币长期持有者在最近市场回调期间购入超 18.45 万枚 BTC。</li><li>某长期做多 ETH/BTC 汇率巨鲸开始减仓，卖出 1 万枚 ETH 换成 425.75 枚 WBTC 偿还借款。</li><li>鲸鱼 cookislandstrust.eth 再度抄底买入 PEPE，过去的 7 天里共买入 4200 亿枚 PEPE，目前获利 17 万美元（+5.4%）；8 月 5 日，抄底买入 2978 枚 ETH，当前获利 53.4 万美元（+7.58%）。</li><li>Elon Musk 将于北京时间 8 月 14 日 8 点 在 X 上与特朗普进行直播对话。</li></ul><h3>投融信息</h3><ul><li>加密初创企业 Q2 累计融资 27 亿美元。</li><li>去中心化专有投资平台 BasedVC 以 1500 万美元投后估值完成 200 万美元种子轮融资，Neo Tokyo、Kongz Capital 以及 Mario Nawfal、Crypto Banter、Ashcrypto 和 Kmanu 等天使投资人参投。</li></ul><h3>监管动态 </h3><ul><li>香港立法会议员：香港准备在未来 18 个月加强数字资产监管。</li></ul>

BIT 每日市场简报 08/12 - 这一区间的重大转变即将到来

When the US government transferred $2 billion worth of Bitcoin, the Bitcoin rally came to an end. The trading range of $60,000 to $70,000 has remained stable, but a significant change in this range is imminent.

<h3>Daily Market Brief 2024/08/12 12:05 UTC+8</h3><img src="https://static.fwimg.io/img/feed/a1076c4eb887220e3e79b18d8bcc5110.jpg"><h3> Analyst Views</h3> “Bitcoin’s rally ended when the US government moved $2 billion worth of Bitcoin. The $60k-$70k trading range has remained stable, but a major shift in this range is coming .” - 10x Research “Nearly four-fifths of economists surveyed expect the Fed to cut rates by just 25 basis points in September , and the median forecast puts the chance of an emergency rate cut before the September meeting at just 10%.” - Bloomberg “Individually increased allocation to blue chip DeFi assets including Uniswap, Fantom and Akash , ETH exposure remains high, but has reduced Bitcoin holdings as Altcoin have bottomed relative to Bitcoin, providing a good opportunity to increase exposure.” - Joey Krug, Partner @Founders Fund<h3> Market Hotspots</h3><ul><li> US Bitcoin spot ETFs saw net outflows of $ 166 million last week</li><li> Last week, the US Ethereum spot ETF had a cumulative net inflow of US$104.8 million .</li><li> Long-term Bitcoin holders purchased more than 184,500 BTC during the recent market correction.</li><li> A long- long ETH/BTC exchange rate whale began to reduce its position , selling 10,000 ETH in exchange for 425.75 WBTC to repay the loan.</li><li> The whale cookislandstrust.eth once again buy the dips PEPE at the bottom. In the past 7 days, it bought a total of 420 billion PEPE and currently has a profit of 170,000 US dollars (+5.4%). On August 5, it bought 2,978 ETH at the buy the dips and currently has a profit of 534,000 US dollars (+7.58%).</li><li> Elon Musk will have a live conversation with Trump on X at 8:00 Beijing time on August 14 .</li></ul><h3> Investment and Financing Information</h3><ul><li> Crypto startups raised a total of $2.7 billion in funding in Q2.</li><li> Decentralized proprietary investment platform BasedVC has completed a $2 million seed round of financing with a post-money valuation of $15 million, with participation from Neo Tokyo, Kongz Capital, and angel investors such as Mario Nawfal, Crypto Banter, Ashcrypto, and Kmanu.</li></ul><h3> Regulatory developments</h3><ul><li> Hong Kong Legislative Council Member: Hong Kong is ready to strengthen digital asset regulation in the next 18 months.</li></ul>

BIT Daily Market Briefing 08/12 - A major shift in this range is imminent.

The cryptocurrency market performance
Currently, the total market capitalization of cryptocurrencies is $21.2 trillion, with BTC accounting for 56.6%, which is $12 trillion. The stablecoin market capitalization is $165.7 billion.
The cryptocurrency market was affected by the lack of summer liquidity, the net outflow of the US Bitcoin spot ETF, the interest rate hike in Japan, and the sale of large amounts of tokens by renowned institutions. In the first half of the week, the cryptocurrency market was in a state of lament, with BTC once falling below $50,000 and ETH once falling below $2,200. In the second half of the week, the prices rebounded slightly, with BTC rising back above $60,000 and ETH rising back above $2,600.

Hotcoin Research | Market Insights: August 5-9, 2024

On August 12, Bitfinex released a report stating that last week, Bitcoin rebounded strongly, rising nearly 28% from the recent low of around $49,000, which was the lowest price since February. This rebound has brought BTC back above the critical $60,000 level, after experiencing a significant sell-off in August, with the price dropping 33.32% from the cycle high and all-time high of $73,666. This is the largest correction in the current cycle.

Key indicators, such as the Mayer Multiple (which compares Bitcoin's current price to its 200-day moving average (200DMA)), provide insights into the severity of this correction. During the recent decline, the Mayer Multiple dropped to 0.88, a level not seen since November 2022, indicating that Bitcoin's trading price is significantly below its historical average trend, entering a strongly bearish phase.

On-chain data also highlights the intensity of this sell-off. The short-term holder cost basis (STH cost basis), which represents the average purchase price of recent buyers, is currently at $64,860. The spot price of Bitcoin has recently approached the -1 standard deviation (SD) range below this STH cost basis, which has historically occurred on only about 7.1% of trading days. This reflects the severity of the current market conditions.

The short-term holder MVRV ratio (which compares the current market price to the purchase price of new investors) shows that this group is holding the largest unrealized losses since the 2022 bear market low. Overall, these indicators suggest an increase in bearish sentiment and pressure among short-term investors, which typically occurs at local bottoms.

The US economy continues to show resilience, despite ongoing concerns about potential slowdown, with recent data supporting a more optimistic outlook. Last week, the significant decline in unemployment claims and the steady growth in wholesale inventories provided a solid foundation for economic growth, particularly in the second quarter, when US wholesale inventories played a critical role in the economic expansion.

In the latest news from the crypto space, Harris has emerged as the frontrunner in the 2024 US presidential race, leading Trump by a narrow margin in betting odds and recent polls. As her campaign momentum builds, speculation about her potential crypto currency stance is also increasing, especially as her team has started engaging with industry executives. This engagement suggests that crypto currency policy may become a focus in the coming months, sparking interest and anticipation within the crypto community.

Meanwhile, major financial institutions, such as BlackRock and Nasdaq, have made progress in the digital asset market, recently submitting applications to the US Securities and Exchange Commission (SEC) to launch options trading on BlackRock's spot Ethereum ETF. This move follows the SEC's approval of several well-known companies to launch Ethereum-linked ETFs, marking a significant expansion of digital asset investment options. As these developments unfold, the SEC continues to play a crucial role in shaping the crypto currency landscape, as evidenced by its recent decision to delay the approval of Hashdex's proposed ETF, which aims to hold physical Bitcoin and Ethereum, until September 30, 2024, reflecting the SEC's cautious approach in carefully evaluating the impact of new digital asset products on the market.

Bitfinex reported: Bitcoin began to recover after experiencing the largest correction of the current cycle this week.

BlockBeats will summarize the key industry news of the week (8.5-8.11) in this article, and recommend in-depth articles to help readers better understand the market and grasp industry trends.

Important News Review
BitGo and BiT Global are creating a joint venture to provide multi-jurisdictional custody and cold storage services for WBTC.
On August 11, BitGo and BiT Global announced that they are creating a joint venture to diversify the custody and cold storage business for WBTC across multiple jurisdictions, with BitGo becoming the new joint venture's custodian.

This week in review | BitGo's collaboration with BiT Global triggers a WBTC trust crisis; Putin signs a decree legalizing cryptocurrency mining in Russia.