ASADI_TRADER

Bitcoin slipped below the $70,000 mark this week, giving up nearly all of the gains it posted after Donald Trump’s 2024 election victory, as a violent, broad-based sell-off swept through crypto and other risk assets.
After briefly touching levels near $60,000, Bitcoin has recovered modestly to around $69,000. Still, the rebound has done little to ease damage across the broader market, with the CoinDesk 20 (CD20) down more than 17% over the past week.
Altcoins Suffer Deeper Losses
Bitcoin’s roughly 16.5% weeklyseven-day decline pales in comparison with losses across major altcoins. Ether dropped 22.4%, BNB fell 23.4%, and Solana slid 25.2%, underscoring the severity of the rout.
Shares of crypto-linked companies also sank sharply, even as bitcoin briefly reclaimed $70,000 during Friday’s rebound.
‘Sell at Any Price’ Conditions
Market-maker Wintermute described Thursday’s plunge as the worst single-day drawdown in bitcoin since the collapse of FTX. According to Wintermute strategist Jasper De Maere, the move was driven by market-wide liquidations and what felt like “a sell at any price working order.”
Institutional desks reported only “small but manageable” liquidations, De Maere said , a mismatch that has fueled debate about where stress is building in the system.
The sell-off coincided with broader deleveraging across asset classes. The Nasdaq-100 ETF Invesco QQQ Trust fell about 500 basis points over three sessions, while silver and gold traded roughly 38% and 12% below their cycle highs, respectively.
Options Signal Stress, Ether at the Center
Volatility spiked sharply in crypto derivatives. Implied volatility surged into the 99th percentile, with skew shifting toward unusually expensive put options , a sign that traders were scrambling for downside protection.
Ether was “the epicenter of the pain,” De Maere said, as traders rushed to hedge against further declines. In bitcoin options markets, positioning suggested expectations for continued turbulence, with traders bracing for a wide trading range between roughly $55,000 and $75,000.
Negative Headlines Add to Pressure
Sentiment took another hit after one of crypto exchange announced plans to shut down operations in the U.K., European Union and Australia, while cutting about 25% of its workforce. Users in affected regions will be moved to withdrawal-only mode, with asset transfers handled via brokerage platform eToro.
Elsewhere, miner Bitfarms saw its shares rise after abandoning its “bitcoin company” label to focus on artificial-intelligence infrastructure , a pivot some investors viewed as a defensive shift.
Thinner Liquidity, ETF Outflows
Market structure has amplified price swings. According to Kaiko, bitcoin’s average 1% market depth , a measure of how much can be traded near the current price without moving the market , has fallen to around $5 million, down from more than $8 million in 2025. Lower depth tends to make moves sharper and more erratic.
At the same time, flows in spot bitcoin ETFs have turned decisively negative. Data from SoSoValue shows roughly $1.25 billion in net outflows over the past three days. Jim Bianco estimated that the average ETF cost basis sits near $90,000, leaving investors with roughly $15 billion in unrealized losses.
Bianco noted that bitcoin has increasingly traded in tandem with software stocks, which also slumped this week following new AI automation tools from Anthropic. Shares of Salesforce, ["company","Adobe","software company"] and ServiceNow each fell sharply over the week.
Is a Tradable Bottom Forming?
Despite the carnage, some technical analysts see signs of stabilization. Jonathan Krinsky said bitcoin and software stocks may have put in tactical lows, pointing to $60,000 as a key support level.
“To confirm a tradable low, bitcoin really needs to reclaim $73,000,” Krinsky said. “That was the key breakdown level.”
Bigger Picture
The Trump administration’s pro-crypto stance helped propel bitcoin to an all-time high above $125,000 last year before the current correction set in. This week’s sell-off shows how quickly sentiment can reverse when leverage, thin liquidity and negative headlines collide , leaving markets vulnerable to abrupt, disorderly moves even as long-term policy tailwinds remain intact.
$BTC #bitcoin #btc70k #Write2Earn

The cryptocurrency market showed signs of a potential reversal on August 21 after a period of bearish sentiment, with many altcoins experiencing modest gains that pushed the total market capitalization above $3.9 trillion.
LINK and BNB Lead the Charge
After days of a pervasive bearish sentiment, the cryptocurrency ecosystem showed signs of a potential reversal as a majority of altcoins posted modest gains. This collective upward movement was significant enough to propel the total crypto market capitalization back above the $3.9 trillion threshold.
With bitcoin seemingly static, BNB was among the top picks as it rallied to a new all-time high of $882. Although it later retreated to $853, the digital asset’s 2.3% gain in 24 hours made it one of a handful of high-cap altcoins that helped the crypto ecosystem shrug off the impact of bitcoin’s ( BTC) marginal decline.

Meanwhile, LINK’s 4.5% increase was by far the highest of any digital asset among the top 20 assets tracked by Coingecko. In fact, LINK has been one of the few outliers in a week that has been dominated by bears. As shown by data, the latest gain brought its seven-day gains to 12.1%, making it one of the best performers in the period. Only OKB (44%) had a higher weekly gain of all the 100 digital assets.
While the majority of high-cap altcoins saw modest gains of 2% or less, this collective uptick was enough to trigger a slight decline in BTC market dominance, which fell from nearly 60% on Aug. 20 to approximately 58%. However, this minor shift has not been enough to convince some analysts that a full-fledged altcoin rally is imminent. The crypto community is now engaged in a heated debate over whether altcoins will finally “get into gear” and reach new milestones or if the current momentum is simply a temporary reprieve.
$BNB $LINK #altcoins #BNB_Market_Update #LINK🔥🔥🔥

Altcoin season may be on a permanent pause as the market matures and paths grow more selective.

Unlike memecoins — which Blockworks Research thinks are here to stay — an altcoin szn may not come back…at least not in the way we’re used to, according to K33.
The 2020/2021 cycle may have been the peak, K33’s David Zimmerman wrote in a note.
“Without fresh retail inflows, the math gets tougher for speculative tokens with no revenue, no product, and no roadmap beyond vibes,” he said.
One of the big changes, outside of the overall maturity cycle we see, is that memecoins have really solidified themselves within crypto. 
To put it another way: Why play a narrative-driven token when you can make a memecoin play instead? 
As I wrote in the Milk Road last week, memecoins represented roughly 25% of the overall volumes in crypto at the peak of Q1. 
This means the path forward for altcoins is more likely to be selective. As Zimmerman noted, the overall “altcoin market faces $4.3 billion in token unlocks in May, $2.8 billion in June, and $3.2 billion in July. These unlocks are headwinds that demand a surge in new liquidity to be absorbed.”
“In the absence of any significant surge of demand or new retail inflows, the math is simple: more supply facing static or shrinking demand equals downward pressure.”
Outside of the obvious need for liquidity, times have simply changed. Back in the day, altcoins could get a boost just by being in proximity to a hot narrative. Now, there’s more of a need for fundamentals (I swear I’m not trying to keep bringing this up, it’s just what’s happening).
Zimmerman said that bitcoin will remain dominant, but there will be chances to allocate smaller positions to altcoins. While some may outperform, the “windows are limited and increasingly fleeting.”
Tokens may not continue to be the big winners as crypto matures. Take, for example, stablecoins. 
“The most bullish crypto asset outside of Bitcoin right now is almost certainly stablecoins. They are making their way into payment infrastructure, relentlessly growing in market cap, and positioning themselves at the center of both retail and institutional use cases,” Zimmerman said. 
In a sea of choices, now investors will have to pay attention to metrics before aping into a token (unless you stick with memecoins). For K33, this means understanding the product-market fit, user growth, or revenue of said token. 
RIP, face-ripping altcoin rallies. You were fun. But hello to a more — dare I say — serious era of crypto.
$BTC $ETH $BNB
#altcoins #Stablecoins #Write2Earn!

I’v#vanar that the longer I spend in this space, the less I’m influenced by big narratives and the more I pay attention to how a blockchain actually fits into real digital behavior.
Most people don’t wake up wanting to “use a blockchain.” They want to play a game, consume content, interact with brands, or use tools that make their digital lives easier. Infrastructure that understands this usually looks boring at first because it’s designed to disappear into the background rather than constantly announce itself.
That’s what initially caught my interest in VanarChain
Instead of positioning itself as a universal solution for everything, Vanar is focused on building environments where people already spend time. Gaming ecosystems, entertainment platforms, AI-powered applications, and brand-driven digital experiences aren’t theoretical future markets, they’re existing behaviors with massive user bases. Vanar’s approach is to meet users where they already are, rather than trying to retrain them to think like crypto natives.
This distinction matters. Historically, technologies that achieve mainstream adoption don’t do so by educating users on their complexity. They succeed by abstracting complexity away. Most people don’t understand how cloud infrastructure works, how data packets move, or how payment rails settle transactions and they don’t need to. The technology becomes invisible, and that invisibility is precisely what allows it to scale.
Vanar seems intentionally designed around this principle. The blockchain isn’t the product. It’s the substrate beneath products. Whether it’s gaming environments, virtual worlds, AI workflows, or branded digital assets, the goal is for users to interact naturally without ever needing to think about wallets, gas logic, or on-chain mechanics.
This is also where $VANRY starts to make sense. The token doesn’t try to draw attention to itself as a speculative centerpiece. Instead, it functions as a quiet coordination layer, powering transactions, incentives, and governance in the background while applications take center stage. That kind of design is often overlooked in a market driven by loud narratives, but it tends to be where durable value forms.
Another aspect that stands out is how Vanar approaches scale. Consumer-facing applications don’t tolerate friction. They need predictable performance, low latency, and stable costs. Vanar’s infrastructure choices reflect an understanding of this reality. It’s not optimizing for theoretical throughput metrics; it’s optimizing for environments where people spend real time and expect things to work seamlessly.
There’s also a subtle but important cultural signal in how Vanar positions itself. It doesn’t ask users to change behavior. It adapts to existing behavior. That’s a mindset shift that many blockchain projects never make. Instead of building for crypto users and hoping the rest of the world catches up, Vanar appears to be building for the world first and letting crypto do its job quietly in the background.
Over time, this approach may not generate explosive attention cycles, but it doesn’t need to. Infrastructure that integrates naturally into daily digital life compounds through usage, not hype. As more products grow on top of Vanar, $VANRY’s role becomes increasingly tied to real activity rather than speculation.
I don’t know which chains will dominate long term. But I do know that technologies that fit into how people already behave tend to outlast those that try to reshape behavior through narratives alone. That’s why Vanar is worth paying attention to not because it’s loud, but because it’s quietly aligning itself with how digital life actually works.
$VANRY #VanarChain @Vanarchain #vanar #MarketRebound

Bitcoin's recent price crash towards $60,000 did more than just shave billions off market capitalizations or liquidate leveraged positions.
It served as a massive, chaotic stress test that exposed a widening behavioral fracture between the two most dominant venues in the digital asset economy.
On one side stands Coinbase, the largest US exchange, where Chief Executive Officer Brian Armstrong has painted a picture of stoic resilience among retail investors.
On the other hand lies Binance, the leading offshore venue, where on-chain data depict frenetic selling and risk aversion.
This divergence matters because it reframes the narrative for the weeks ahead.
Thus, Bitcoin’s drop to the $ 60,000s and subsequent rebound is not simply a tale of retail buying the dip.
Instead, it is a complex saga about which specific retail cohort, on which specific venue, actually sets the marginal price during a leverage-driven unwind.
As Bitcoin hovers near $70,000 again, the sustainability of the recovery depends entirely on whether US-linked spot demand can flip from a headwind to a tailwind fast enough to counter the selling pressure observed offshore.
The Coinbase fortress and the premium disconnect
The narrative emerging from Coinbase is one of conviction.
According to Armstrong, the platform’s retail customer base refused to capitulate even as prices tumbled. He noted that these investors have been “resilient,” actively adding to their Bitcoin and Ethereum holdings in native units rather than fleeing to cash.
Furthermore, Armstrong noted that these customers largely maintained their February balances at or above the levels observed in December.
In crypto culture, this is the classic “diamond hands” behavior as the small investors hold their nerve and accumulate assets when fear grips the broader market.
However, CryptoSlate's analysis of on-chain data has identified a discrepancy between this account of retail resilience and the exchange's actual pricing mechanics.
The Coinbase Premium Index, a metric provided by analytics firm CryptoQuant, tells a cooler story about US spot appetite.
This index is often used by traders to infer whether Coinbase is trading at a premium or discount relative to offshore venues.
For much of the recent correction, this indicator remained predominantly negative.
A sustained negative premium is typically interpreted as signaling softer US-linked spot aggression relative to the rest of the market.
While Armstrong’s observation about retail's persistence may be accurate, the negative premium suggests that they were not the dominant force.
The reconciliation of these two viewpoints lies in the concept of the “marginal price-setter.”
Armstrong may be right about retail behavior within Coinbase, whereas the premium remains negative if the marginal buyer on Coinbase is not a retail user.
If retail’s net buying is incremental (akin to Dollar-Cost Averaging) and not large enough to overwhelm other forces, such as institutional de-risking, ETF outflows, arbitrage flows, or macro hedging, then the price will still tend to be lower.
Recently, CryptoQuant flagged a notable upward surge in the index. Although it remains below neutral, the rebound hints that US selling pressure may finally be easing.

The critical factor to watch is whether this shift is sustained. A brief blip does not change a market regime, but if the premium turns positive and stays there, it would imply that Coinbase-linked demand is back in the driver’s seat.
Binance selling was loud, and whales did not lead it
While Coinbase users held the line, the tape on Binance showed a very different character.
On-chain data showed a pronounced burst of selling concentrated on the exchange, driven primarily by recent buyers rather than long-term holders.
CryptoQuant’s breakdown of exchange inflows over the past month clearly illustrated this dynamic. Short-term holders averaged approximately 8,700 BTC per day on Binance during the volatile period.

In the context of exchange mechanics, large inflows are often a precursor to selling, as investors move assets from cold storage to trading venues to liquidate.
Crucially, the heaviest inflows came from entities categorized as “fish” and “sharks” (mid-sized holders), while inflows from “whales” were comparatively small.

This distinction is vital because it indicates that the crash was neither a coordinated whale distribution nor a breakdown in conviction among long-term holders. Instead, it showed recent participants reacting to price action.
Notably, trader commentary supports this view. Crypto trader Dom noted that Binance had effectively “dumped” about 7,000 BTC at market over a two-day period, while other venues exhibited more neutral flows.
$BTC #BTC100kNext? #Market_Update

After every storm, Bitcoin has shown an uncanny ability to rebuild momentum. Price crashes often mark the reset phase of a larger cycle—clearing speculation, strengthening long-term holders, and setting the stage for renewed confidence. As global uncertainty rises and demand for decentralized, borderless assets grows, Bitcoin’s limited supply and expanding adoption naturally tighten availability. With innovation in financial infrastructure and increasing mainstream awareness, the market narrative shifts from fear to opportunity—fueling the next powerful upward wave.$BTC
#BTC走势分析 #bitcoin

I’ve tested “fast” blockchains before. On the surface, everything looks perfect. Low fees. Huge TPS numbers. Instant finality.
But when you imagine real money moving through the system not just retail trades, but funds, institutions, and real businesses the questions change.
What happens during peak demand?
Does performance stay consistent?
Or does latency creep in when it matters most?
Institutions don’t see delays as “normal.” They see them as risk. This is where @Fogo Official Officialis positioning itself differently.
Fogo a high-performance L1 built on the Solana Virtual Machine. That architecture allows parallel execution, meaning transactions don’t simply wait in a long queue. They can be processed simultaneously when possible. The goal isn’t just theoretical speed. It’s consistency under pressure.
And that matters for real-world problems, Cross-border settlements can’t afford unpredictability.On-chain order books need deterministic execution,Tokenized assets require reliable infrastructure that won’t slow down when volume increases.
In traditional finance, milliseconds can mean millions. Infrastructure is built around stability and execution quality. If Web3 wants institutional adoption, it has to meet that same standard.
$FOGO is aiming to become that predictable base layer infrastructure that behaves more like professional trading systems and less like experimental networks.
Speed gets attention.
Reliability earns trust.
That’s the difference. #fogo
#FogoChain