Analysis: Active buying by long-term holders has helped BTC form short-term support, but caution is still warranted regarding potential cycle lows.
Svmuu News: 10x Research published an analysis noting that stronger-than-expected U.S. employment data caused temporary price volatility in Bitcoin,and ETF outflows also intensified selling pressure. However, active buying by long-term holders helped establish price support, while the weak jobs data pushed back expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin’s short-term performance.10x Research added that historical data shows July has consistently been a strong month for Bitcoin, with an average gain of 9.1%, but the market typically enters a volatile phase from August to September, and September could mark the low point of this cycle, Bitcoin The recent rebound from $58,500 to $61,500 may be presenting traders with new entry opportunities.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
-
2
Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
-
3
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
-
4
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
-
5
ETH inter-exchange spread reaches 1.11%
-
6
Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
-
7
SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
-
8
Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
-
9
South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
-
10
CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
Markets Today
Recommended Reading


