BTC retracted 79,000 and made a profit, but on-chain metrics hit a recent high

According to Woofun AI, the price of Bitcoin fell back to around $79,000, and traders chose to make a profit. Despite a 23% increase in the previous week, the decline was close to 1% on the same day.

Mainstream currencies showed a divergent trend: Ripple fell above $1.44, with a decline of more than 4%, but led by weekly gains of nearly 45%; Zcash fell slightly above $783, with a weekly increase of up to 55%, thanks to the launch of the first spot ETF; Dogecoin fell below 9 cents, a drop of nearly 5%; Solana fell below $97, a drop of more than 3%; Tron fell to around 34 cents, a drop of nearly 3%; Binance Coin fell above $695, a drop of nearly 3%; Binance Coin fell above $695, a drop of nearly 3% 2%, a weekly increase of nearly 16%; Ethereum fell below $2,465, down more than 1%, with a weekly increase of nearly 29%; only Hyperliquid's HYPE bucked the trend and rose nearly 3% above $81, with a weekly increase of nearly 40%.

According to data compiled by Woofun AI, CryptoQuant's bullish rating jumped from 30 to 80, a new high since Bitcoin hit $124,000 on October 6, 2025, with 8 out of 10 indicators showing bullish signals. According to the report, the growth rate of spot demand was the fastest since the end of December, and demand for spot and futures rose simultaneously for the first time since the beginning of October 2025.

On the traditional market side, the MSCI Asia Pacific Index rose 1%, led by Samsung Electronics and SK Hynix, achieving the fourth of five consecutive gains; Nvidia (NVDA.US) ended a seven-day decline, and US stock index futures recovered their losses. The market focuses on second-quarter GDP and July PCE data. Federal Reserve Chairman Kevin Walsh will deliver a speech in Jackson Hole on Friday. The probability of maintaining interest rates of 3.50% to 3.75% in September is expected to be 60%.