Despite the aggressive distribution from April to July, the spot price has continued to trade above the Active Investor Cost Basis, which represents the average acquisition price of active coins in the market.

The Active Investor’s Cost-Basis can be considered as a key threshold delineating bullish and bearish investor sentiment. Since the market managed to find support near this level speaks to a degree of underlying strength, suggesting investors are generally still anticipating positive market momentum in the short-to-medium-term.

Here's the Analysis of #MATIC :

#MATIC is dropping with the market conditions and reached the major support zone of $0.41 - $0.43 and getting slow down with selling pressure. Eyes on the market structure shift for taking buys and in Case of Daily Candle Close, we can expect some more shorts.

#BTC started consolidating over the major support and this is good, as range will always have a big move either side. Eyes on the breakout

The CVD metric to estimate the present net balance between market buying and selling pressure in spot markets.

This metric can in turn be used to assess mid-term market momentum, as well as any headwinds or tailwinds for price. Since the formation of a new ATH, we note there has been a consistent regime of net sell-side pressure.

Here's the Analysis of #REN :

#REN is been moving back and forth of the key zone around $0.039 - $0.041 and attempting to move lower again. Price broke the a small channel pattern too and short will look good after the Daily candle close.

#BTC attempted to move higher but ended up being a rejection from the resistance. Price again back to the support area, and back inside the consolidation range. Price again need break the range with strong Daily closure.

What is Snapshot ?

Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).

Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.

Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.

Here's the Analysis of NULS :

#NULS making Higher High and Higher Low and moving within patterns. Currently, price retesting the structural support zone of $0.40 - $0.41 also moving within the small channel too. Eyes on the channel break, and this coin is also good for long run.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, reverses back to the support and price kept on consolidating past 3 Days. Also, price holding the support by looking into that, there's no closing below it.

#MATIC gave a closing below the support in H4 TF but daily TF ended up being a rejection. In H4 price forming a lower low, and a Daily candle closing above and that will be a good buy opportunity.

Comparing the Adjusted Spot CVD (30d SMA) with Monthly Percentage Price Change reveals interesting insights. The recent failure to break $70k can be partly attributed to weak spot demand (negative adj-CVD). A potential market recovery could be confirmed when the Adj-CVD returns to positive values, indicating renewed spot demand.

What Is the Solana Virtual Machine (SVM)?

The Solana Virtual Machine, or SVM, is the system powering Solana's ability to handle thousands of transactions per second.

In simple terms, SVM is Solana's execution environment. It's the software that runs and processes all the transactions and smart contracts happening on the network. You can think of it like a decentralized computer processing power distributed across all the nodes validating transactions on Solana.

SVM helps with the initiation of a transaction on Solana by executing the required code and modifying Solana's state accordingly.

How Does the Solana Virtual Machine (SVM) Work?

SVM isn't one centralized system - it operates as separate instances (called validators) across the nodes validating transactions on Solana. Each validator runs its own isolated version of SVM locally.

This distributed arrangement is vital for security and scalability. It means if there's a bug in a smart contract, it won't crash the whole network. And it enables Solana to spread the workload across many parallel processors, rather than being constrained to one centralized server.

These SVM instances execute the transactions and smart contracts by translating the code into instructions the validators' hardware can comprehend.

Although highly technical, the key takeaway is that SVM allows Solana to run complex programs in a distributed way across many nodes.

Here's the Analysis of #DUSK :

#DUSK is been rejected hard from the major resistance area around $0.22 and currently, price retesting the structural support zone at $0.19 - $0.20 and need to see some sort of rejection or break to have the setup.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, going to be a fakeout now on weekly, candle nearly getting closing and might got engulfed too. Price can do a good correction in case of a engulfing.

#DXY UPDATE :

#DXY gave a good closing below the support and had a retest too. Candle was strong enough for closing, so we can expect market of rally. The only problem is current, weekly close above, might turn into a fakeout.

Despite significant sell-side pressure from long-term holders (LTHs) at the market ATH, their wealth remains historically high compared to previous ATH breakouts. This suggests potential for further LTH selling if BTC price rises, but also indicates LTHs' unwillingness to sell at lower prices, pointing to a patient and resilient holder base.