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According to DefiLlama data, since the end of July and the beginning of August, the total market capitalization of stablecoins has regained upward momentum, currently reported at $30.4564 billion, with a growth of 0.48% over the past week.Among the leading stablecoins, USDC and USD1 are the main contributors to the increase in supply over the past week, with USDC increasing by 0.76% and USD1 increasing by 3.71%. The market share of USDT is currently reported at 60.21%.

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.

After the trade negotiations between Canada and the United States broke down, negative sentiment among Canadians towards the U.S. has intensified, and the movement to boycott American goods has resurfaced. The U.S. imposed a 50% tariff on $20 billion worth of Canadian goods, and Canada announced that it would impose equivalent retaliatory tariffs on the U.S. starting September 8.Surveys show that 52% of Canadians are unlikely to buy American cars, 60% will not buy American alcohol, and over 70% will not buy American eggs and dairy products.

"BTC OG insider whale" agent Garrett Jin analyzed that Bitcoin's recent breakthrough of $70,000 was driven by multiple positive factors, including the expansion of the U.S. Treasury's bond buyback, the SEC's proposed regulatory framework for crypto assets, and the White House crypto summit. The current price has entered a dense area of trapped positions between the latter half of $60,000 and the lower range of $80,000, with the first resistance level showing signs of loosening.Garrett Jin pointed out that over the past two months, a large amount of new holding costs has accumulated in the area just above $60,000, providing bottom support for this breakthrough. Although the short squeeze triggered by short liquidations may push Bitcoin above $80,000 in the short term, the $80,000 to $82,500 range is a key resistance area to watch, and the short squeeze momentum is difficult to sustain in the long term. If effective absorption of chips can occur below $80,000 before the breakthrough, it would be more beneficial for the healthy development of subsequent trends.On the same day, SK Hynix announced the largest stock buyback and cancellation plan in South Korea's history, committing to return at least 50% of the expected free cash flow before 2027 to shareholders. The stock price surged more than 10% at one point, triggering the buyer's circuit breaker mechanism for the KOSPI index. Analysts believe this move can alleviate market concerns about the declining risk appetite for South Korean semiconductor stocks, but it cannot change the cyclical trend of the memory industry itself.

Swissblock stated that the initial momentum launch of Bitcoin failed to form an effective breakthrough, and the momentum indicators have now returned to the "transition zone."If BTC can hold the range of $62,300 to $62,500, the current consolidation structure is still expected to be maintained.

According to crypto analyst alicharts, based on Ethereum's nearly 6-year historical trend, ETH tends to gain support after regaining the MVRV 0.8 price level, pushing towards the realized price (approximately $2300). Additionally, this signal is consistent with the previous four MVRV momentum golden crosses, which brought increases of 50% - 166%.alicharts believes that $3000 should be regarded as a key resistance area, due to over 10 million ETH historical transaction records.

As expectations for easing tensions in the Middle East rise, the market continues to focus on the progress of peace negotiations. Gold prices show resilience in their upward trend, which has also increased investors' attention to multi-asset CFD products. According to data from the Gate platform, the 24-hour increase for gold CFD (XAUUSD) is 0.13%, with today's highest price at $4304.09. At the same time, gold-related assets are performing actively, with GDX up 7.48% and GLD up 4.12%. Driven by popular targets, the trading activity of Gate CFD has also increased, with weekly trading volume surpassing $200 billion, ranking first across the network.

On August 6, according to WEEX TradFi market data, the precious metals sector continued to strengthen after yesterday, with funds reallocating around safe-haven demand. Among them, GOLD (PAXG) rose over 4.88% in 24 hours, SILVER (XAG) rose over 4.71% in 24 hours, and PLATINUM (XPT) rose over 2.30% in 24 hours, with gold, silver, and platinum all warming up simultaneously. WEEX Labs believes that this round of increase is mainly driven by repair trading after the pullback, as the market weighs geopolitical risks, changes in the dollar, and U.S. Treasury yields, with gold's safe-haven and diversification attributes gaining attention. The WEEX TradFi trading carnival season is underway, with zero slippage protection, first order compensation, and newcomers receiving 200 USDT.

Crypto KOL Ansem analyzed on platform X that a price alert has been set at $750 on Zcash, which has been consolidating for nearly a year. If it breaks to a new high, the next wave of this trend will be very strong. Ansem emphasized that there are currently no long positions held, but it would be a mistake not to enter a position if it breaks out.

According to a research report by NYDIG, Bitcoin fell by 13.4% in the second quarter of 2026, with the year-to-date decline expanding to 32.9%. In contrast, the Nasdaq 100 index rose by 27.7%, and tech stocks increased by 43.5%, indicating that this round of decline is not due to macro risk aversion, but rather specific supply pressures unique to Bitcoin.The core pressure comes from Strategy (MSTR) launching the "Digital Credit Capital Framework," authorizing the sale of approximately $1.25 billion in Bitcoin to cover capital structure obligations, marking a shift of the largest historical marginal buyer from continuous accumulation to active monetization, with the DAT complex overall transitioning from a demand engine to a supply risk. In terms of ETFs, the U.S. spot Bitcoin ETF saw a net outflow of $4.9 billion in the second quarter, but Morgan Stanley's Bitcoin Trust attracted $364.8 million in inflows against the trend, showing that distribution channels remain competitive.In the derivatives market, amid weak spot demand and continued outflows from ETFs and stablecoins, the positive funding rate combined with a rebound in open interest indicates that leveraged long positions are rebuilding, posing a risk of passive liquidation triggering a new round of declines. Bitcoin has currently fallen 54.3% from its historical high of $126,000 set on October 6, 2025, referencing the cycles of 2018 and 2022 (with a gradually narrowing decline of about 70%).