Exchange deposits and withdrawals thinning out together — both running at roughly the same modest pace, among the quietest combined flows of the past three years 📉🔴. Balances drifted higher off April trough but broadly flat since early July 💪.

Pattern reads less like distribution or accumulation and more like pure disinterest — a classic signature of the quiet middle of a bear market. With so little moving on-chain, minimal standing supply is positioned to absorb any sudden change in demand should one arrive ⚡️🎯👀

#BTC made a sharp and clean breakout of the major resistance area and immediately hit the $70,000 area. The next key resistance area is now at $71,250 - $71,450. Price could go for a retracement or directly hit the resistance and retrace; let's see how it goes.

#ATOM gave a break and retest of the resistance line, and now it is a good range for the drawn resistance area, which is a 10.7% trading range.

US spot ETF flows turned positive in the middle of July and turned straight back within the week. Net flows are modestly negative again, and set against the redemption waves of June and early July the current outflow barely registers.

The institutional channel is not selling this market down, and it is not buying it up either. Persistence rather than size was the thing to watch after last week's flip, and it did not persist.

#BTC gave a clean break of the resistance area and had a retest. Price is still shooting higher, and the next key area is at the $82,000 mark. Currently, price is sitting at minor resistance, so it might be a small rejection area.

#BANANA made a good move, and moved 19% in profits. The price is again attempting to move up and is on the verge of printing a new higher high.

The cost of downside protection collapsed to almost nothing on July 21, the same session Bitcoin printed its local high after a run up off the June low. Hedges were sold into the top, and the deleveraging that came with the rally left the market leaning into the move that followed.

#BITCOIN DAILY TF UPDATE:

#BITCOIN played the Inverse Head & Shoulder pattern perfectly and had a healthy breakout of the resistance. The next major area is $84,500 - $85,000.

#TOTAL UPDATE:

#TOTAL had a very strong rise in inflow and goes straight into [resistance], likely getting rejected too. Well, if price starts breaking the resistance again, then we can have the market pump in the market.

Here's the Analysis of #MANTA:

#MANTA is missing both sides of the key support and resistance area around $0.050 and $0.16, respectively. Still, it can go lower, so we are taking short-selling as our advantage.

#BTC WEEKLY TF UPDATE:

#BTC had a very strong move up and a very bullish candle straight to the resistance around $78,150. If today's candle closes this strongly, expect a shallow retracement followed by another leg up. Therefore, the week might include a retracement phase.

#DXY gave a clean shot below the zone, which leads to strong movement in the market as seen. Now, the move yet to come, if no other news factor influences it.

#BTC closed the week very strong and is now making a new higher high. That is a clean, all-timeframes bullish signal; there is no reason to take counter sells until the price reaches $81,500 and $82,200.

#US30 UPDATE:

#US30 broke below and actually gave a strong bounce from the consolidation support area. Expecting more moves to come after the successful break of 53,500.

#BTC gave a shot above the $80,000 mark near the resistance. The market still has chances to reach that level but might reject from there.

#GOLD gave a good retracement and moved strongly up with a very good move of 7.22% in profits. The next resistance is at $4,765; expect to reach it, and use it as a take-profit area.

#BTC has gone sideways on the hourly timeframe and formed support at $78,500, which is currently being tested. If it closes below this level, a short-term drop to the $76,500 area is possible.

#BTC.D gave a range break and rejection as well. Now, the index is again trying to reach the area around 60.77%. This might be an issue, as altcoins will likely go lower in the short term, and if #BTC crashes at the same time, it will worsen the situation.

It has been an expensive week for that positioning. Skew has climbed back off that low, and the flow has turned with it: the volume put/call ratio bottomed at its low for the year and has climbed hard as price slid, with perpetual funding pinned below neutral all month.

Open interest is the more cautious read. The put/call ratio on open interest looks to have bottomed at the same moment, but it has barely lifted off that low. Until the carried book follows, this is repositioning rather than a change of stance.