According to BlockBeats, CryptoQuant analyst Axel Adler Jr pointed out that the non-farm payroll data fell short of expectations, the Fed's policy divergence, and tariff tensions led to a global market risk-off sentiment. The S&P 500 and Nasdaq performed poorly, U.S. Treasury yields fell, and there was an inflow of funds into gold.


The price of Bitcoin has pulled back from $119,800 to $112,000, with short-term bullish momentum weakening. On-chain activity has decreased, but the market is still accumulating. Strategy and institutions have increased their holdings by over 30,000 BTC, while the options market's Max Pain remains stable at $118,000.
BTC-1.24%
PAIN-1.99%
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Ryakpandavip
· 08-03 12:52
Steadfast HODL💎
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