The BTC price rose from an average of about $63500 between August 12th and 18th to about $77700 on August 23rd. During the same period, the amount of open contracts calculated on a currency basis decreased from about 353500 BTC to about 312600 BTC, a decrease of about 11%, reaching the lowest level in at least a month. （Santiment）

According to MSX.COM data, the US optical communication sector experienced a general decline before trading, with Coherent falling nearly 5%, Lumentum falling over 4%, Maiwell Technology falling over 5%, and Corning falling nearly 4%.

The price of Bitcoin has risen by 30%, and Willy Woo stated that the increase in new capital inflows without increasing leverage is built on a more solid foundation. （CryptoQuant）

The storage chip sector of the US stock market experienced a pre-market decline, with SK Hynix falling 3.5%, Micron Technology falling nearly 4%, and SanDisk falling over 5%.

CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $63000 to $77000 within 8 days, and the proportion of short-term BTC holders' profit supply increased from 26.1% to 74.9%. The net profit and loss indicator of short-term holders flowing to the exchange has changed from negative to positive, reaching+28600 BTC as of August 24th, breaking through the+25000 BTC level. Axel Adler Jr. pointed out that if the indicator continues to be above+25000 BTC and BTC's upward momentum slows down, the short-term risk of concentrated selling by holders increases; If the indicator falls back to near zero and BTC prices remain stable, the potential selling pressure will ease.