$MYSTMYST 가격

On August 19, VanEck indicated that Bitcoin's nearly 11-month adjustment phase may be nearing its end, with the market potentially entering a new accumulation stage. The VanEck research team, including Digital Asset Research Head Matthew Sigel and Senior Investment Analyst Patrick Bush, found through their 'Bitcoin Market Capitulation Check' model that 8 out of 12 current market indicators have shown extreme pessimistic signals, and all 12 indicators have entered the panic selling zone over the past three months. Researchers stated that this data suggests the Bitcoin market appears to have undergone a price 'capitulation' phase and is approaching or has already entered an accumulation period. Meanwhile, signs of market inflows are improving. The U.S. spot Bitcoin ETF recorded nearly $300 million in net inflows on Monday, marking the highest single-day inflow since May 5. In the past three Bitcoin bear market cycles, the average duration from market peak to maximum decline has been about 12.7 months. Currently, this adjustment has entered its 11th month, and according to historical cycle patterns, the market may gradually complete its bottoming process between September and November and enter an accumulation phase. However, VanEck cautions that market capitulation signals should not be seen as definitive indicators for short-term buying. Historical data shows that when 8 to 12 indicators simultaneously show extreme signals, Bitcoin's average returns over the next 90 and 180 days tend to be below long-term benchmark levels. It is expected that the low point of this adjustment cycle may be milder than in previous bear markets, primarily due to the development of spot Bitcoin ETFs, broader participation from institutional investors, and the current market not experiencing chain reactions similar to the collapses of FTX, Celsius, and Terra Luna. Additionally, in the past 30 days, long-term holders of Bitcoin (those holding for over a year) have reduced their holdings by approximately 356,000 BTC, bringing their total to about 11.84 million BTC, causing the proportion of long-term holders to fall below 60% for the first time in months. VanEck believes this reflects that some long-term investors are releasing their holdings, but the overall market structure has not yet exhibited extreme deleveraging as seen in past cycles.

On August 19, Bank of America's latest Global Fund Manager Survey revealed that global investor risk appetite is rapidly increasing. As U.S. stocks approach record highs again, fund managers' equity allocations have risen to a five-year high, while cash levels have dropped to 3.5%, indicating a clear recovery from previous concerns over growth slowdown and an AI bubble. BofA strategist Michael Hartnett noted that a record 56% of surveyed fund managers expect no significant "hard landing" slowdown in the global economy. In other words, the market's mainstream positioning is betting on economic resilience and continued corporate earnings expansion, with risk assets still supported by liquidity. Notably, the survey shows that AI capital expenditure has not yet become a core concern for investors. Despite tech giants continuously increasing budgets for data centers, GPUs, servers, and power infrastructure, and growing market discussions about "AI spending overheating," the BofA survey indicates that fund managers are currently not overly worried about growth, interest rate hikes, AI capital spending, or U.S. political risks.

On August 19, Brennan Watt, CEO of Anza and a core developer of Solana, announced that Solana is activating its first upgrade to shorten Slot time on the mainnet, which is expected to reduce block generation time from the current approximately 400 milliseconds to 350 milliseconds. This adjustment will officially take effect at Epoch 1020. Brennan Watt cautioned developers that there are transitional issues with this upgrade. Currently, some SDK constants (including DEFAULT_MS_PER_SLOT) have not yet been synchronized with the new parameters, and the official version containing the latest values will be released after the feature is activated. Additionally, this feature employs a delayed activation mechanism: it will enter a pending activation state at Epoch E, be activated at Epoch E+1, and only become fully effective at Epoch E+2. He advised applications that rely on SDK constants to align with the actual Slot time on the mainnet to implement adaptation logic during the transition period, such as setting up a feature toggle mechanism based on Epoch Slot boundaries to avoid service disruptions due to changes in time parameters. Brennan Watt stated that in the long term, Solana will migrate these network parameters on-chain, allowing clients to query them directly. However, the team needs to complete this upgrade first, describing the process as similar to Solana's early 'difficult but rapid iteration' development phase. He revealed that the team expects the vast majority of nodes to achieve the goal of 'two Slot latency' in most cases, with related restrictions being further relaxed in the upcoming Anza v4.3 version.