A significant portion of the sell-side pressure has come from investors realizing losses. Market-wide Realized Loss reached $818M/day this week, second only to the yen-carry-trade unwind on August 5, 2024, which recorded $1.34B in losses. This demonstrates the challenging environment of the current downturn, with many investors exiting below their cost basis due to drawdown pressure.

What Is an x86 Virtual Machine?

- The Qtum team has created an x86 virtual machine (VM) for executing smart contracts in a variety of programming languages. This VM operates very similarly to the existing Ethereum VM, with some notable enhancements:

- In the Ethereum VM, all smart contracts must be written in Solidity and compiled down to byte code executed on the EVM. In this Qtum VM, developers can write their smart contracts in any language that supports a JIT compiler, including C++, Java, Python, and others widely used in application development. This gives dApp developers much more flexibility in terms of smart contract development.
In addition to supporting the existing gas model on Ethereum (where users pay for each operation they execute in a smart contract), Qtum has also added two new pricing models: fixed-fee per transaction and fee per transaction.

- he Qtum VM supports x86 registers and memory operations through a unified 16-bit instruction encoding scheme that significantly reduces gas costs in common cases compared to the Ethereum VM. This will allow developers to execute more operations per transaction and increase throughput on the Qtum blockchain.

#FOMC this week, might lead in some clarity

ALL Timings are in #EST.

Here's the Analysis of #TRUMP :

#TRUMP is been kept on printing the all time lows and created the support zone, $10.00 - $10.25. Price formed a bear flag and can lead in further push in prices.

#BTC still nothing much happened and just a random movement. Well, we have #FOMC today, can see strong breakout either side, wait for the price moves.

#BTC.D again break below of the support, and we saw a minor jumps in alts and a good rally in few meme coins. Also, now its in a trendline and can push further higher which might lead in dump in prices.

What Is QTUM ?

Qtum is an open-source blockchain project that aims to bring the stability of Bitcoin together with the flexibility of Ethereum. It was developed by the Singapore-based Qtum Foundation, led by Patrick Dai, Neil Mahi, and Jordan Earls in 2016. However, its mainnet was launched in 2017.

The protocol is a combination of Bitcoin Core, proof-of-stake consensus, and the Ethereum Virtual Machine (EVM). It allows smart contracts to be executed on a proof-of-stake consensus mechanism. This uses less electricity than proof-of-work and reduces the risk of centralization.

Qtum employs a Decentralized Governance Protocol (DGP) that ensures the blockchain remains functional regardless of what happens to a handful of nodes. DGP allows specific blockchain parameters like block size, gas price, and block interval to be modified without the need to hard fork. It utilizes a UTXO transaction model for faster processing of transactions, but it can also handle smart contracts just like Ethereum.

Qtum's DGP assigns node operators specific decision rights in regards to updates, such as hard forks. Node operators must reach a consensus before updates are applied to the blockchain. This prevents bugs or hacks from destabilizing the network and gives users clear guidelines for keeping track of updates.

There are other crypto projects out there attempting to achieve the same goals as Qtum, however, it is worth noting that Bitcoin's UTXO (unspent transaction output) model is what makes the platform unique. Qtum is a platform trying to produce smart contracts and dApps (decentralized applications) that can be used in enterprise environments.

From the SOPR metric perspective, which measures average profit/loss multiples across investors, we're seeing the first period of loss dominance since October 2024.

However, the structure remains potentially constructive if SOPR finds support at the break-even level of 1.0. Quick, short dips below this equilibrium level suggest investors are buying and defending their cost basis—a typical characteristic of bull markets.

Federal Reserve leaves interest rates unchanged, remains at 4.25% - 4.50%.


#BTC had quick pump dump ✌️

#ETH goes into the consolidation and had a very strong breakout. Well, looking at the market structure its bearish and can dip this week.

#BTC gained some strong moves with #FOMC and had a close over the resistance area around $86,000 area, showing a buyer confidence. Now a retracement and can move higher.

#LINK have a very strong breakout of the pattern and had a retest. With that, retest price moved 13.4% in profits and time to secure some as market is bit uncertain at the moment.

The Short-Term Holder cohort, representing new market demand, has recorded its second-largest negative SOPR print of the cycle, highlighting exceptionally difficult market conditions for new investors. This indicates new investors have realized substantial losses this week, potentially signaling a significant inflection point in overall investor sentiment.

Here's the Analysis of #ATOM :

#ATOM Just moving with the previous dump made, maintaining it bearishness, also with that, Price formed a strong area of support around $3.61 - $3.92 and moving sideways now in LTF. Need to see a break either side or shorting at $5.00 with low risk.

#Bitcoin had some retracement even after the daily candle close and on a support now. Possibly we can see some down moves, as liq. grab and move further higher.

#IO forming a bear flag formation, which is a bearish pattern, and can move lower strongly in case of break below.

The Short-Term Holder cost basis has historically acted as an important reference level across bull-market uptrends. We have calculated the ±1σ bands of the Short-Term Holder Cost-Basis, which have typically acted as a sort of upper and lower bound for local price action.

At the moment, these levels are trading at:

Short-Term Holder Cost-Basis +1σ: $130k
Short-Term Holder Cost-Basis: $92k
Short-Term Holder Cost-Basis -1σ: $71K

This week, the spot price has sold off below the Short-Term Holder Cost-Basis, and is currently trading between this level, and the lower -1σ band.

Here's the Analysis of #MKR :

#MKR is not clear at all just following the resistance line and moving lower. Price holding the strong support zone around $981 - $1014. Buys can be good for scalping purpose and need to wait for the price.