8.19 Macroeconomic Market Analysis Good morning, brothers. The market hasn't been good these past few days, with Bitcoin dropping about 7.9%. Many are worried that the downward trend will continue, especially those who are stuck at high positions and can't sleep at night. So, will there really be another major crash? Some say it could go to $100,000, or even $90,000, or $80,000. Instead of listening to various analysts bragging, let's speak with data; we only look at on-chain data. From the on-chain data, there was a wave of stablecoin inflow into exchanges a few days ago, with no signs of outflow. Bitcoin continues to flow out of exchanges. The proportion of whales is still increasing, and it seems they are still accumulating. Currently, BTC is approaching the 60-day EMA, which is quite safe, but ETH is a bit far from the 60-day EMA and may need to drop a little more. BNB is performing well and is expected to surge above $900 in the next phase. SOL has dropped significantly and seems unreliable; this is a common wash trading tactic by market manipulators, so brothers who bought SOL should hold on patiently and not get shaken out. For contract trend positions, it might be worth waiting a bit longer! On the international front, Hamas has agreed to the new ceasefire proposal for Gaza put forward by the mediators. The Russia-Ukraine conflict may be coming to a close, which is good for risk assets in the crypto space. Ukrainian President Zelensky, dressed formally, said "thank you" eight times to kick off the Tze meeting, where Ukraine proposed to purchase $100 billion in U.S. weapons in exchange for security guarantees. After the meeting, Trump called Russian President Putin, with the location yet to be determined, and a trilateral meeting will follow. Why do market manipulators want to first crash the market? They are waiting for the Federal Reserve's decision on Thursday at 2 AM. They want to set up a position first, allowing the bears to increase their short positions, and then after the report is released, they will push the market up to profit from the bears. Previously, we announced the institutional costs: BTC is around $100,000-$110,000 ETH is around $3,500 BNB is around $760 Currently, institutions are not making much profit. We need to see the big picture and just hold our coins patiently. Long Ge's analysis is just for friendly reference; adults must take responsibility for their own decisions. Investing carries risks, so please invest with spare money and think independently!