Analysts at the British company Wintermute have published a detailed overview of the current state of the digital asset market. Researchers have recorded noticeable signs of a gradual end to the protracted bearish phase in this segment. Large cryptocurrencies have confidently maintained relative stability against the background of recent macroeconomic shocks. Last week, digital assets came under pressure from two serious external factors. The US Federal Reserve has kept its benchmark interest rate unchanged. At the same time, the yield on thirty-year US bonds approached its historical maximum in two decades. Despite the unfavorable external background, bitcoin and ether lost less than four percent. Such a limited decline in quotations indicates a gradual weakening of the dominant bearish market trend. Wintermute representatives noted the almost complete exhaustion of additional pressure from active sellers. Signs of overheating are now observed mainly in the traditional stock market of developed countries. Digital assets demonstrate significantly higher resilience to current economic risks. Market participants carefully study the reports on network activity published by independent researchers.

Analysts do not expect a quick transition to a steady upward trend yet. Open interest in the largest cryptocurrencies remains at a fairly moderate level. At the same time, interest in individual alternative tokens is gradually increasing among traders. Low summer liquidity may create favorable conditions for a short-term technical rebound. Such a positive scenario will completely lose relevance when updating past price lows. An increase in trading volumes will mean the inevitable return of active sellers to the market. Among the important factors, analysts highlighted the publication of new statistics on the American labor market. These data will be released on August 7 and will influence the further steps of the regulator. An important event of the month will be the annual International Economic Symposium in Kansas City. The Fed's representatives may give new signals about a change in monetary policy. Such statements are usually made on the eve of the September meeting of the key rate committee. It is economic statistics that will determine the future direction of the crypto market in the coming weeks.

The formation of long-term trends directly depends on global macroeconomic indicators. Investors continue to closely monitor incoming statistical information from various sources. Industry experts regularly discuss the current structural shifts in the digital asset industry. The former financial director of Binance, a major crypto exchange, Wei Zhou, previously expressed his own opinion. He explained in detail the reasons for maintaining the bearish phase in the global cryptocurrency market. The expert listed the main factors that can support the future bullish cycle of the industry. Market participants expect the emergence of new catalysts for the start of sustainable growth. The analysis of on-chain metrics helps to better understand the behavior of various groups of network holders. Large corporate players consistently adapt their own strategies to the current market conditions. The developers continue to improve the basic infrastructure to attract additional institutional clients. Reducing volatility creates comfortable conditions for long-term planning of investment portfolios. Researchers continue to publish detailed reviews of network activity for a wide audience.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.