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Bitcoin’s [BTC] price action has witnessed fading momentum on its price action recently. Glassnode data indicated that the daily Bitcoin transaction fees, measured on a 14-day average, have dropped to just 3.5 BTC. 📉

The markets, it seemed, had been waiting with bated breath for a signal. A signal, mind you, that was more a suggestion than a decree, yet treated with the reverence usually reserved for pronouncements from above. The people clamored for investments, driven by this vague promise of easier money. Such is the human condition – always chasing shadows.

Analyst Baykus, with the sagacity of a seasoned fortune teller, highlights Worldcoin’s (WLD) clear range-bound price structure, trading between the approximate supports and resistances of $0.90 and $1.15, respectively. This consolidation, akin to a chess match where every move is scrutinized, indicates a profound indecision, where buyers and sellers are locked in a stalemate, causing the price to oscillate without a clear trend. The repeated tests of these boundaries suggest that liquidity is as stubbornly concentrated at these levels as a mule on a hot summer day, making them critical zones to monitor for potential breakouts or breakdowns. 🐴🔥

According to some fancy graphs from Glassnode, the 14-day moving average of daily fees now hovers at 3.5 BTC-yeah, that’s a number from 2011 when everyone was still trying to figure out if Bitcoin was a fancy joke or the future of money. Spoiler: It’s still both, depending on your mood.

Polkadot (DOT) dangled precariously around the $4 mark, having clawed its way up 35% from its yearly lows. Not bad for something that’s been described as “hovering near its all-time low” so often you’d think it had wings. Investors, bless their hearts, have grown crankier than a toddler denied ice cream, watching DOT sit stubbornly in its tight range while they debate tokenomics with the fervor of medieval scholars arguing over how many angels can dance on the head of a pin. 👼

Xai, a blockchain gaming network crowned with its own token ($XAI), claims Musk’s venture has sown chaos in the market, as if someone had poured a vat of glitter into a server farm. The parent company, Ex Populus, insists its trademark is not a typo but a legacy, and Musk’s xAI is but a shadowy twin, lurking in the digital dusk.

The rollout-a word that makes one cringe as if recalling the sound of a rusted typewriter-will free 20% of allocations from funding rounds where tokens were sold at the laughable prices of $0.015 and $0.05. Imagine paying a cent for a ticket to a circus where the clowns are politicians and the elephants are lawsuits. Though these unlocked tokens represent a mere 5% of the supply, the remaining 80% will remain locked, as if chained to a throne of red tape. Founders and advisors, too, remain frozen, like statues in a museum of hubris.

This year’s trajectory has set the stage with a clarity that is almost poetic. The monthly returns for 2025 are as follows: January +46%, February -29.3%, March -2.52%, April +4.98%, May -0.80%, June +2.95%, July +35%, and August -0.09% (to date). This places Q3-to-date at a respectable +34.9%, a familiar prelude to the autumnal crescendo where summer’s languor gives way to a more spirited finale.

Deaton’s confidence isn’t just a wild guess. It’s rooted in some serious market trends. ETF analyst Nate Geraci noticed something interesting: spot ETH ETFs raked in a cool $340 million on Friday, bringing the total to $2.8 billion in net inflows for August alone. Meanwhile, Bitcoin ETFs lost $1.2 billion in the same period. Since July, spot ETH ETFs have attracted a staggering $8.2 billion in inflows, while Bitcoin ETFs managed a mere $4.8 billion. Talk about a game changer! 🎲

The price, it tries. Attempts, at least, in the same way Raskolnikov attempted murder and virtue: clumsy, uncertain, forever haunted by regret. Yet the barrier remains, unmoved, the quiet scorn of the midline keeping all aspirations firmly bearish, reminding us that hope, too, is often just another fancy word for delusion.