⚠️ Warning Signs! Will BTC Be Able To Invalidate The Bears?

GM, the clock is ticking uncomfortably loudly.

As mentioned yesterday, what we want to see this week is shallow dips followed by a BTC breakout to new highs. The longer we stall at these levels, the greater the chance we see a distribution move lower first. Put simply, if Bitcoin clears $120k by the end of the week, things start looking very solid.

Fortunately, everything’s looking fine right now with BTC hovering just above $118k, so let’s see how it turns out by Friday and the weekly close.

Interestingly enough, there was a massive pump in copper futures yesterday. Historically, this is an excellent sign for risk assets to continue higher.

Back to our “altseason’s most important indicator,” we started tracking on Monday. If you look at these lines, yesterday’s dip caused them to draw further apart, and the cross, which usually points to the market being overheated, hasn’t happened yet.

For altcoins to resume the good times, we want to see TOTAL3 bounce soon. As they say, “never trust the fourth”, it’s literally now or never (maybe just later) for TOTAL3 to use the fourth touch to break out for good. Let’s see. Plus, looking at this OTHERS retest is very hopium-inducing, also.

Overall, I agree with what CZ has to say here. Let’s ride.

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The important bits.

• Fuel Network explains why the fastest CLOB will be on o2, listen here

• INFINIT features weekly community yapper spotlight, read here

• Shadow Exchange distributed $400,000 rewards, join here

• Magic Newton distributed weekly NEWT rewards, stake here

• Sophon’s Aura Genesis Jacket Leaderboard Rewards are now distributed, rewards here

• Fomo, next-gen crypto mobile app featured in blocmates interview, listen here

• Giza featured in new blocmates research article, read here

• Altitude is offering borrowing at 0% interest rates, try it here

• f(x) Protocol’s fxSAVE stablecoin yield rises to 17.5%, try it here

• MegaETH explains ENDGAME: how ZK tech is used to secure MegaETH, read here

• Hyperstrategy finishes presale at 3000 HYPE raised, launching soon

• RedStone announces beHYPE with EtherFi, more details here

• Ethena’s USDe supply +$1,600,000,000 in 7 days, stats here

Even more important bits.

• $185B KeyCorp bank CEO says crypto is “a store of value to the extent that our clients want it”

• Tether froze $1.6M in USDT tied to terrorism financing

• The White House admits Trump’s involvement in Epstein files

• ETH Treasury companies are reaching out as they plan to deploy into ETH staking and DeFi

• Ether has the “highest real use potential”, says Goldman Sachs

Charts and stats of the day.

• Ethereum validator queues swell on both entry and exit sides following price jump

• Around $85.8M of BTC were sold and $332.2M of ETH were bought on July 23

• Statistics show retail is selling, whales are buying

• Ethereum stablecoin supply is at ATH

• BitMine Immersion Technologies (Tom Lee's ETH treasury company) now holds 560,000 ETH

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Telemetry data of the day.

Before we get into the stats, here’s a really bullish announcement from Bonk. For now, it seems Bonk is absolutely steamrolling PumpFun, and the winning pairs will likely keep coming from the Bonk launchpad.

• Whale moves over the last 24H:

• Trending tokens over the last 24H:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

Berachain’s comeback?

Finally, there are signs that Berachain might be saved, after all. The new Proof of Liquidity system 2.0 has been implemented and focuses on driving value back to BERA. Here’s a deep dive on “Berachain’s End Game” by Smokey himself.

The BERA chart is currently trying its best to exit the bottom accumulation, and we’re seeing some nice upticks in ecosystem incentives. It still has ways to go, but it’s a start.

One project that clearly stands out here is Dolomite, the “Aave of Berachain”. After reaching almost $1b in TVL, it’s back on the rise from the $130M TVL bottom. At only a $30M circulating market cap, this one is one to watch paired with possible BERA recovery.

• Zircuit (Automated AI-trading for Hyperliquid)

• Dexari (Hyperliquid mobile app)

• Treehouse (DeFi, fixed income) - Aidrop checker is now live

• Ranger (Bonk ecosystem)

• Hyperion (First publicly listed Hyperliquid company)

To save you doom scrolling.

I must admit, this poses a real threat to us as bagholders.

There’s likely still time, but it’s good to remember that we’re now well in the end stages of this bull cycle, as evidenced by these charts. 

Once it’s all about meme stocks and altcoins, then…

It might be three months, half a year, or even into early 2026, but it’s hard to believe those who say the bull run has just started.

stay safe homies,

Hix0n 🫡