According to on-chain analyst Axel Adler Jr (@AxelAdlerJr), the discount for short-term holders (STH) has narrowed from -21.6% to -5.7%, and the 7-day moving average of STH-SOPR has risen back above 1, indicating that short-term sellers are no longer clearly in a loss position. However, the current price is still below the cost basis of $83,000, and the market has not yet entered a true risk-on phase.
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Bitcoin hit $80,000 as WEEX predicted last week. See what drove the breakout, current key levels, and whether $90,000 is next.


Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.























Bitcoin hit $80,000 as WEEX predicted last week. See what drove the breakout, current key levels, and whether $90,000 is next.