Pi Network Flashes Bullish Reversal Signals
07 Aug 2025
06 Aug 2025
📰 Summer Break for the Crypto Market
📊 Market Overview
The crypto market kicked off August within a narrow range of $3.6–3.8 trillion, closing mid-week at $3.72 trillion. Support remains strong near previous highs set in December and January, indicating a likely pause for profit-taking and liquidity — not a full reversal. Still, this sideways movement is pushing out high-frequency traders, many of whom are now focusing on micro-cap altcoins.
Bitcoin continues to flirt with its 50-day moving average, a sign of short-term fatigue. In contrast, total market capitalisation is holding well above its own 50-day average of $3.57T, suggesting broader market resilience.
🧠 Key Developments
📈 Institutional Ethereum Accumulation:
SharpLink bought 83,561 ETH last week (~$264.5M), boosting its reserves to 522,000 ETH ($1.9B). But Bitmine Immersion Tech remains the top holder, with 833,000 ETH ($3B). In total, 64 corporations now control 2.96M ETH, roughly 2.45% of supply.
🟧 Bitcoin Holdings Surge:
Institutions added 26,700 BTC in July. Strategy alone purchased 21,021 BTC for $2.46B. Combined, public/private firms now hold 1.35M BTC (~$155B, or 6% of all BTC).
🏛️ Regulatory Updates:
CFTC is proposing legalised spot crypto trading on registered exchanges.
SEC has revised guidance on stablecoin accounting, signaling more regulatory clarity ahead.
💵 Stablecoin Boom:
Ethena Labs’ USD stablecoin is now #3, with capitalisation jumping 75% to $9.5B since mid-July. High yields (10%–19% APY) may be driving demand. The stablecoin sector has grown 7 months in a row, now nearing $275B.
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