🔔 Bitcoin is Back to Action, Less than 3% Away from Hitting a New ATH

In today’s bulletin, we’re taking a closer look at key trends shaping the mid-term market outlook, starting with fresh insights from the Big Cap and Mid Cap Indexes. But that’s just the beginning, we are covering:

• Surfing the Market, with The big Cap Index and The Mid Caps Index.
• Don’t miss the News about Bitcoin holds $108K pre-Powell and Hyperliquid logs $1.5T perps volume & $310M revenue.
• Fetch.ai is under the spotlight.
• A short article about Information Overload.

The Big Caps Index pushed a strong move after the huge recovery last week. Now after one month is finally breaching up the downtrend resistance and seeking for some oxygen. Great first step:

The Mid Caps Index also had an amazing recovery and took it as launchpad to trigger the breakout. But in this case, the $10.2 range represents a really strong horizontal resistance. Got stopped there but continues looking solid. Let’s see how it behaves this week around the given level. A breakout there would trigger the full bull continuation.

Bitcoin Climbs Above $108K as Markets Brace for Fed Speech and Jobs Report

Bitcoin steadied around the $108,000 mark on June 30 as markets braced for Fed Chair Jerome Powell’s Sintra remarks and Friday’s U.S. June jobs report. Price action remained muted, but underlying on-chain and derivatives indicators signaled an undercurrent of rising volatility and strategic repositioning.

Highlights:

• Whale Exchange Inflows: Large BTC transfers onto centralized platforms suggest major holders are preparing for imminent swings.
• Shrinking Exchange Reserves: Falling stablecoin and BTC balances on exchanges point to diminished immediate buying firepower.
• Defensive Options Skew: Options markets show increased demand for downside protection, with put-call ratios rising.
• Rising Futures Open Interest: A positive shift in open interest data underscores growing hedging activity via leveraged futures.
• Technical Support Hold: The $108,000 level has held firm, laying the groundwork for a potential move toward $112,000 if sustained.

As traders await Powell’s commentary and pivotal jobs figures, these on-chain and derivatives signals suggest a cautious optimism. Maintaining key support could unlock a renewed upward trajectory once central bank guidance and labor market clarity arrive.

Hyperliquid Tops $1.5 Trillion in Perps Volume, Hits $310 Million in Lifetime Revenue

Hyperliquid’s decentralized derivatives exchange this year surpassed $1.5 trillion in perpetual futures volume and amassed $300 million in fee. These milestones reflect the platform’s rapid ascent in the DeFi derivatives landscape.

Highlights:

• High-Throughput Engine: Executes on-chain trades at up to 200,000 transactions per second with 0.2 s latency, minimizing slippage and delays.
• Market Share Leadership: Commanded over 55% of decentralized perpetuals volume in Q4 2024, peaking at 66% in December, outpacing competitors.
• Permissionless Builder Codes: Referral-style fee-sharing lets third-party developers earn a cut of trading fees, fostering ecosystem growth.
• Institutional Engagement: Secured validator partnerships and token stakes from Nasdaq-listed firms, signaling increasing institutional trust.

As Hyperliquid continues innovating and deepening its market footprint, its performance engine and developer incentives position it to challenge centralized incumbents. Growing institutional backing further underscores its potential for sustained growth in the derivatives sector.

Fetch.ai

The Origins

Fetch.ai, founded in 2017, is a protocol that combines artificial intelligence (AI), machine learning, and blockchain technologies. It has been created to support autonomous software agents in carrying out economic activities on-chain.

Initially focused on AI agents and decentralized marketplaces, it aims to facilitate service exchange, data sharing, and computation across networks.

The Operative:

Fetch.ai employs a modular architecture featuring:

• Autonomous Economic Agents that perform tasks like data retrieval, service matching, and resource allocation.
• Agent Execution Framework powered by a sharded network to scale agent operations.
• Fetch Network that enables agent deployment, inter-agent communication, and smart contracts on a Cosmos-SDK-based platform.

An ongoing development is the integration into the Artificial Superintelligence Alliance (ASI), merging Fetch.ai’s FET token with SingularityNET and Ocean Protocol tokens.

This merge transitions the network to the ASI token, expected to enable unified AI and data services across multiple chains. FET holders were offered migration tools (Phase I in July 2024) to convert FET, AGIX, and OCEAN into ASI.

Fundraising & Competitors:

Fetch.ai has raised a total of $83.05M, with $13.05M from a public sale and $70M via private/funding rounds.

The project operates within AI-driven blockchain ecosystems and has merged into a broader data-centric alliance.

Comparable projects include:

• Bittensor, Cortex, Render: decentralized compute and AI inference.
• The Graph: on-chain data indexing.

The convergence of AI and blockchain is a growing area, with projects merging compute, data, and agent-based application layers.
Protocols that combine decentralized agent frameworks with cross-chain data ecosystems may play a key role in shaping next-generation AI-driven decentralized systems.

Information Overload

A couple of decades ago, having access to information meant having an edge over the rest of the market. Today, we all have access to real-time information from our phones, but now the issue is the opposite: there’s simply too much of it. Let’s explore how information overload can be just as harmful as a lack of information.

Looking Back

We’ve all seen those movies with traders yelling on the trading floor, grabbing their heads, and passing around little notes. Back then, information was often a privilege (not to be confused with insider information). Those with better connections or more resources had better data, and therefore, an advantage.

Making decisions with more, and better, information usually led to better results. Knowing what a finance minister in Latin America thought (if you held bonds there), or what a CEO liked or disliked (what we now call likes or RTs), was powerful knowledge.

Before the mass adoption of the internet, information was money.

Fast Forward to Today

But the internet changed everything. Access to information became so easy and common that it’s hard to imagine how traders made decisions before. Today, on the same app (X), we can instantly see:

• News from the other side of the world.
• Thoughts (and fights) of world leaders.
• Corporate statements.
• And basically anything you can think of.

So… making investment decisions should be easier now, right? Well, not really. Information went from being scarce to overwhelmingly abundant, and that’s equally dangerous.

The Problem

We’re not only flooded with more data than we can possibly process a lot of it is useless, or worse, fake. So as investors, we don’t just manage risk anymore, we have to manage the input we use to take those risks. Some Best Practices:

• Follow a small number of serious, trusted voices on X.
• Stick to official news and sources, avoid chasing headlines.
• Filter keywords and websites that add no value.
• Go back to fundamentals read financial statements or tokenomics. don’t rely on pre-digested opinions,
• Avoid trusting opinions from people you don’t know, especially on social media,
• Segment your social media: don’t use the same account for both investments and lifestyle content.

As the saying goes: less is more and that applies perfectly to today’s world.

Even With AI…

Now with the rise of AI, where everyone has free access, the edge won’t go to those who use it more, but to those who ask it the best questions.

Conclusion

Having too much information can be just as harmful or worse, than having none at all. With no info, you might avoid taking certain investment decisions. But with bad or false info, you may take decisions that are guaranteed to end badly.

Protecting your mental health when it comes to the volume of information you consume is essential, unless you want to end up burned out and with a zero balance.

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