Lab Daily Report on August 6:

1. Global assets encountered "Black Monday", Japan, South Korea, and Turkey triggered the circuit breaker mechanism; the seven giants of the US stock market evaporated $1.3 trillion in market value at the opening;

2. When the market fell, BlackRock, MicroStrategy, Grayscale, and Fidelity did not sell Bitcoin during the market decline; on the contrary, many institutions continued to increase their positions. This is the difference between professional institutions and retail investors, because the market has not reached the top and the market trend has not disappeared;

3. Wintermute, Jump Crypto and other 5 market makers have transferred more than 130,000 ETH to CEX in the past two days;

4. Trump warned the current government not to sell the Bitcoin it holds;

5. Arkham: BlackRock, MicroStrategy, Grayscale and Fidelity did not sell Bitcoin during the market decline;

Hedge fund giant Capula holds about $420 million worth of Bitcoin spot ETF;

ARK Invest purchased about $14.81 million of Coinbase yesterday Stocks;

Australia Monochrome Spot Bitcoin ETF hits record high today;

6. Fed Goolsby: Employment data is lower than expected, but no signs of recession have been shown yet;

Fed Goolsby: It is not the Fed’s job to react to one month’s employment data;

Fed Goolsby: If the economy worsens, the Fed will take steps to fix it;

7. CoinShares: $528 million flowed out of digital asset investment products last week;

Market:

Yesterday, the market was still wailing, and today we are looking at a bull market?

I am optimistic about the trend from the end of the year to next year, but not the current trend.

It may be the best trend for Bitcoin to return to around 4, and then go sideways for a few months.

Don’t be afraid of a sharp drop, and don’t be afraid of a slow rise.

ETH2100 is very safe, and the others are not safe.