pullbacks

According to a report by Galaxy Research, the four-year cycle pattern of Bitcoin remains effective, but the volatility of each cycle is narrowing.The report points out that the peak-to-trough declines in the cycles of 2013, 2017, and 2021 were 85%, 84%, and 77% respectively, while the maximum drawdown in this cycle from the peak in October 2025 to now is only 51%.Due to the relatively mild peak in this cycle, Galaxy believes that the bottom of this cycle will also be relatively shallow, with the baseline scenario expected to be in the range of $40,000 to $46,000, potentially before the fourth quarter of 2026.The report emphasizes that only 8 months have passed since the peak, which is far less than the 12-13 months typically required for the formation of a historical cycle bottom, and most cycle bottom signals have not yet appeared, indicating that the bottom of this cycle has not yet formed.

Liquid Capital founder Yi Lihua posted on platform X: "I have been focused on investment and trading in the crypto space for 10 years. The summary is that profits come from bull markets, and pullbacks come from bear markets. The road of life is still long, and at every stage, we will encounter setbacks and often meet unworthy people. Just like many years ago, when someone wrote a smear article and pinned an unfounded label on me (may he forever remain in darkness), I also experienced numerous investment failures in various projects. However, the grievances have helped me grow, and maturity comes from the process of growth. I hope everyone maintains confidence and hope, and together we can continue to improve."

BitMEX co-founder Arthur Hayes posted on the X platform that even if former Federal Reserve Governor Kevin Warsh becomes the chairman of the Federal Reserve, it is unlikely to truly stop monetary easing. This is because Kevin Warsh voted in favor of the first and second rounds of quantitative easing during his time as a Federal Reserve governor, only publicly opposing certain policies after leaving the Federal Reserve and no longer having a real impact on related decisions. The reason the Federal Reserve continues to "print money" is that true fiscal tightening would lead to the collapse of the entire financial system. In this context, regardless of who is in charge of the Federal Reserve, the ultimate choice will still be to continue releasing liquidity, and he bluntly stated, "Warsh would also print money," suggesting that the market should "BTFD (buy the dip)" during corrections.

The chairman of BitMine, Tom Lee, stated, "Cryptocurrencies (ETH, BTC) and AI are exponential growth opportunities, which means that current stock prices are very sensitive to fluctuations in risk perception. Therefore, a pullback is precisely the opportunity to buy."

Hedge fund IG analyst Chris Beauchamp stated that as the Federal Reserve is expected to cut interest rates this week, Bitcoin and other cryptocurrencies may see a rebound, as loose monetary policy could stimulate inflows into the crypto market.Additionally, the recent pullback has created more attractive entry points, with the weekend decline in Bitcoin and Ethereum attracting buyers, indicating that a short-term bottom has emerged. Before the opening of the U.S. stock market on Monday, Bitcoin rose 1.5% to $91,541, while Ethereum increased 1.8% to $3,144.

According to SoSoValue data, the cryptocurrency market shows mixed performance across various sectors. Bitcoin (BTC) rebounded to above $91,000 after dropping below $88,000 over the weekend, with a 24-hour increase of 1.91%. Ethereum (ETH) rose by 1.97%, breaking through the $3,100 mark, while MAG7.ssi increased by 1.56%.Additionally, the SocialFi sector saw a 24-hour increase of 2.02%, with Toncoin (TON) rising by 2.26%. Other notable sectors include: the NFT sector, which increased by 1.55% in 24 hours, with Audiera (BEAT) surging by 24.5%; the PayFi sector, which rose by 1.21%, with Bitcoin Cash (BCH) up by 2.6%; the CeFi sector, which increased by 1.09%, with Mantle (MNT) rising by 3.11%; and the Layer1 sector, which saw a 0.7% increase, with Zcash (ZEC) up by 3.96%. In other sectors, the Layer2 sector fell by 0.08%, but Zora (ZORA) rose by 1.7%; the Meme sector decreased by 0.37%, while PIPPIN (PIPPIN) surged by 22.31%; the DeFi sector dropped by 0.72%, with Ethena (ENA) increasing by 4.18%.

ChainCatcher news, according to Gelonghui, StoneX analyst Matt Simpson stated that the bullish sentiment for the USD/JPY is highly alert to a bullish breakout on the chart. The analyst pointed out that this rise has reversed last week's bearish trend. He believes that whether the USD/JPY can continue to rise may depend on the confirmation of whether Japan's new Prime Minister can influence the Bank of Japan's interest rate hike path. Simpson added, "However, at the moment, it seems that the exchange rate pullbacks easily attract buyers."

ChainCatcher news, Jack Yi, the founder of LD Capital, commented on "Trump will sign an executive order allowing 401(k) investments in cryptocurrencies and other alternative assets," stating, "Trump is more eager than us to cut interest rates and is looking forward to the rise of crypto (the Trump family's largest assets are in crypto). Under the clear bullish strategy, the best move is to hold and wait + add positions on pullbacks. Just a few months ago, when we predicted ETH would reach 10,000 and 14,000, we faced countless doubts and ridicule. Now, ETH reaching 10,000 seems to have become a consensus; this is the speed of crypto and how bullish trends change beliefs."

ChainCatcher news, LD Capital founder Yi Lihua stated: "Under the macro influences such as the US stock market and tariffs, ETH has been fluctuating for a while. It is expected that after mid-August, we will start to see the market trend towards expectations of interest rate cuts in September. The bull market trend is undoubtedly clear, and all recent pullbacks are buying opportunities. Patience is indeed very important. Recently, we have seen the outstanding performance of Galaxy Digital. At the same time, we established Liquid Digital (abbreviated as LD Capital). Because investment is simple and easy, we have been in the Capital business for many years. Without the patience to refine Digital infrastructure, we ultimately missed out on achieving great results."

ChainCatcher message, Binance founder Zhao Changpeng stated on social media that if you "missed" the previous price drop opportunity, there will be more pullbacks in the future, and we are still in the pullback period.Zhao Changpeng emphasized that there are no limits to the printing of fiat currency and mathematical numbers, but the number of Bitcoins is limited.

ChainCatcher news, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite the recent strong rebound of Bitcoin, there is still enough room to retest support levels. I would prefer to see Bitcoin stay above $91,500 to $92,000.For me, this will validate the continuation of the uptrend, as the previous range support becomes effective support again, indicating the potential to continue challenging the all-time high (ATH). Cryptocurrencies and altcoins often tend to adjust in the week leading up to the Federal Reserve meeting, and it is speculated that this round of adjustment will end around Tuesday, after which a rebound will begin."

ChainCatcher news, influenced by Trump's ongoing pressure on Powell, today New York futures gold broke through the 3500 mark, with spot gold just a step away from 3500.KCM Trade Chief Market Analyst Tim Waterer stated: "Amid concerns over tariffs and the controversy between Trump and Powell, investors have been wary of U.S. assets, allowing gold to fully capitalize on the dollar's predicament and gain a favorable position. Given the rapid increase in gold prices since the beginning of this month, there remains a possibility of a pullback. However, there is reason to believe that if gold prices do pull back, buyers will still be keen on gold, as high economic uncertainty remains a key feature of the market."

ChainCatcher message, according to SoSoValue data, the encrypted market sector mostly experienced slight pullbacks, while the SocialFi and RWA sectors rose against the trend. The SocialFi sector increased by 3.82% in 24 hours, with Toncoin (TON) rising by 4.49%; the RWA sector rose by 1.33%, with Pendle (PENDLE), Maker (MKR), and Plume (PLUME) increasing by 3.79%, 8.08%, and 9.13% respectively. Meanwhile, the ssiSocialFi and ssiRWA indices, which reflect the historical performance of the sectors, rose by 3.59% and 1.14% in 24 hours respectively.In addition, the Hyperliquid sector saw a 24-hour increase of 7%, with the HYPE native token rising by 7.02%; Ethereum (ETH) also remained relatively strong, increasing by 1.23% in 24 hours.In other sectors, the DeFi sector rose by 0.46% in 24 hours, with Sky (SKY) increasing by 7.88%; the Layer1 sector rose by 0.23%, the Meme sector fell by 0.82%, and the CeFi sector declined by 0.85%, although LEO Token (LEO) and Bitget token (BGB) rose against the trend by 1.32% and 3.10% respectively; the PayFi sector fell by 0.95%, and the Layer2 sector decreased by 1.29%.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has generally experienced a significant correction, with a 24-hour decline of approximately 1% to 4%. Notably, ETH has risen against the trend, with a 24-hour increase of 1.95%, while Solana (SOL) has dropped by 6.01% due to various factors. Additionally, the Layer2 sector has increased by 0.15%, with Mantle (MNT), Arbitrum (ARB), and Optimism (OP) rising by 5.41%, 1.92%, and 3.69%, respectively.The AI sector briefly rose before correcting again, with a 24-hour decline of 5.25%. Within the sector, Virtuals Protocol (VIRTUAL) fell by 7.90%, ai16z (AI16Z) dropped by 12.18%, and AI Rig Complex (ARC) decreased by 26.16%.In other sectors, the CeFi sector saw a 24-hour decline of 0.84%, the DeFi sector dropped by 1.64%, the Layer1 sector fell by 2.45%, and the PayFi sector decreased by 3.30%. Within this sector, XRP fell by 3.09%, Stellar (XLM) dropped by 3.62%, but Telcoin (TEL) rose by 29.99%; the Meme sector declined by 3.83%.

ChainCatcher message indicates that, according to SoSoValue data, the majority of the encrypted market sectors have slightly retreated, with the RWA and Meme sectors experiencing larger declines, with 24H drops of 4.41% and 7.45% respectively. Within the RWA sector, ONDO (Ondo Finance), OM (MANTRA), and MKR (Maker) fell by 3.07%, 6.70%, and 3.92% respectively. The Meme sector continues to decline, with TRUMP (OFFICIAL TRUMP) dropping 26.62%, MELANIA (Melania Meme) down 76.54%, and DOGE (Dogecoin) down 3.99%. Additionally, the DeFAI and PayFi sectors performed relatively well, rising by 4.05% and 1.65% respectively. Within the DeFAI sector, GRIFFAIN increased by 5.31%, and BUZZ (Hive AI) rose by 8.21%. In the PayFi sector, the leading project XRP increased by 0.30%.It is noteworthy that, influenced by the strategic purchase of the Trump family's crypto project WLFI, the DeFi sector saw a 24H increase of 0.43%, with AAVE rising by 9.29% and ENA increasing by 0.33%. Additionally, RAY (Raydium) rose by 22.73%, and LDO (Lido DAO) increased by 5.98%.In other sectors, the CeFi sector had a 24H decline of 0.03%, the Layer 2 sector fell by 0.68%, and the Layer 1 sector decreased by 1.51%.

ChainCatcher message, according to SoSoValue data, the encrypted market sector has mostly seen slight pullbacks, while the AI Agents sector performed impressively with a 24H increase of 3.96%. Within this sector, Fartcoin (FARTCOIN) rose by 37.82%, Hive AI (BUZZ) increased by 25.78%, and Ava AI (AVA) went up by 22.11%. The tokens related to the Virtuals Protocol ecosystem performed poorly today, with the exception of VIRTUAL which saw a slight increase of 0.44%, while AIXBT, GAME, and LUNA fell by 3.03%, 10.87%, and 4.60% respectively.In other sectors, the Meme sector rose by 0.52%, with Dogecoin (DOGE) increasing by 2.35%, and Peanut the Squirrel (PNUT) possibly benefiting from expectations of being listed on Coinbase, with a 24H increase of 3.03%. The PayFi sector increased by 0.49%, with the leading project XRP (XRP) rising by 1.31%. Additionally, the Layer 1 sector fell by 1.11%, the DeFi sector dropped by 1.81%, the Layer 2 sector decreased by 1.94%, and the NFT sector declined by 3.39%.

ChainCatcher news, according to CNBC, the crypto financial services company Matrixport stated that the price of Bitcoin could reach $160,000 by 2025.Matrixport's head of research, Markus Thielen (also the founder of 10x Research), said: "This outlook is supported by the ongoing demand for Bitcoin ETFs, favorable macroeconomic trends, and the expanding global liquidity pool."Thielen also noted that due to the growing number of dip buyers for Bitcoin, along with strong institutional support, the expected pullback in 2025 will be "less pronounced."Matrixport had previously predicted in 2023 that Bitcoin would reach $125,000 in 2024.

ChainCatcher news, on-chain analytics company Glassnode disclosed data showing that although the significant price increases during Bitcoin bull markets are usually accompanied by extreme selling pressure, the severity of market pullbacks during each bull market has gradually diminished as the market size expands.The deepest pullback of this cycle occurred on August 5, 2024, with a decline of 32%. During most pullbacks, the Bitcoin price only fell 25% below local highs, indicating that the volatility of this cycle is among the lowest to date.This may reflect that the launch of spot ETFs has opened a huge demand window, while institutional investor interest continues to grow. The vast majority of short-term holders' supply (in terms of coin count) is operating "underwater" compared to their cost basis, but they have not endured extreme unrealized losses associated with market deterioration.

ChainCatcher news, QCP Capital's latest analysis points out that the last Federal Reserve meeting of 2024 is approaching, and a 25 basis point rate cut is expected. However, as U.S. inflation remains above the 2% target and the labor market continues to be strong, the statement and dot plot from this meeting may carry a hawkish tone.QCP Asia predicts three rate cuts in 2025, but the Federal Reserve may take a cautious approach to accelerating the pace of rate cuts. In terms of the market, QCP notes that liquidity across various markets is gradually declining, which could trigger price gaps and large-scale liquidations. Technical analysis shows that the Bitcoin daily chart has formed an Evening Star pattern and displays bearish divergence signals.Nevertheless, considering that Trump may return to the White House in 2025 and other favorable factors, QCP advises investors to remain calm during market corrections and not to easily close their positions.