$BTC experienced its third wave of big profits taking in this bullish cycle, while the price temporarily fell below $115,000 due to renewed tariff tensions and profit realization of $6–8 billion. Nevertheless, institutional accumulation remains strong with public companies adding to their $BTC holdings by over $47 billion this year, exceeding ETF inflows. Ethereum recorded its largest monthly rise since 2022, soaring over 54% in July driven by corporate cash and spot ETF inflows, breaking monthly records and showing strong altcoin momentum alongside $BTC's resilience. Cryptocurrency exchange trading volume surged 55% in July, indicating increased market activity. Stablecoins continue to grow robustly, reflected in Tether's second quarter profit of $4.9 billion and holdings of U.S. Treasuries ( amounting to $127 billion.

🔵 Exchange Netflow $BTC: Still showing a net outflow )net outflow(, a bullish signal in the medium term as investors prefer to keep $BTC in personal wallets.

🟢 Funding Rate: Started to rise again since the end of July — reflecting long positions dominating the derivatives market, a sign of trader optimism.

🔴 Realized Profit by Short-Term Holders )STH(: Still high, indicating potential minor corrections, as many are taking quick profits.

🔄 NUPL )Net Unrealized Profit/Loss(: Still in the optimism zone )>0.5(, but not yet euphoric — there is still room for further rise.

🧠 Investor Sentiment: The Fear & Greed Index is in the greed zone, but not extreme, suitable for a gradual accumulation strategy.