Crypto Market Enters Reassessment Phase with Signs of Potential Bounce

Glassnode's weekly report indicates that Bitcoin's rally entered a "reassessment phase" after reaching its all-time high on July 14. Key points include:

Spot market momentum has weakened, with trading volumes dropping to $8.6 billion.
Indicators show potential for a price bounce, despite signs of buyer fatigue.
Futures open interest rose to $45.6 billion, reflecting willingness for leveraged bets.
ETF inflows decreased by 80% to $496 million; however, the ETF MVRV remains high, indicating unrealized profits.
96.9% of BTC supply is in profit, and reduced profit-taking suggests a market digesting gains post-ATH.
Bitcoin currently trades around $118,968, 3.4% below its peak, with analysts predicting a potential rise to $149,679.

Subbd Presale

As Bitcoin approaches another rally, the Subbd platform gains traction in the content subscription market. Highlights include:

SUBBD token price: $0.056025
Total raised: $909,500
Token symbol: SUBBD
Blockchain: Ethereum

Subbd aims to enhance the creator economy through an AI-integrated ecosystem, offering automation tools for content management and monetization.