GT Radar Weekly Report 8/20: Market Declines to Key Support Level, Multi-Faceted Analysis on Whether to Enter Positions

From ZMET 4-Hour Line Indicator

Currently, the overall curve is gradually declining, about to enter the oversold zone (below -70), indicating that the market has reached a relatively low point. Such a structure, when appearing in previous instances, often signifies a relative low point in the medium to short term, possessing the potential for “early layout and bargain hunting.”

However, from the perspective of right-side trading, the truly clear reversal signal remains the timing of the first green point appearing after the low, confirming that buying pressure begins to take over, which is a more conservative and prudent entry point. In other words, although the data is currently close to the low entry zone, those with strict risk management can choose to observe first, waiting for the ZMET indicator to truly reverse and the green point to form before acting.

ZMET 4-Hour Line

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Performance of GTRadar – BULL and GTRadar – Balance

The returns for ‘GTRadar – BULL’ and ‘GTRadar – Balance’ over the past 7 days are -6.12% and -5.10%, respectively, while the returns over the past 30 days are -5.79% and -0.64%. Currently, ‘GTRadar – BULL’ holds a net long position of about 10% mainly in ETH and LINK. Meanwhile, ‘GTRadar – Balance’ has a net long position of about 5% primarily in ETH.

Investors who frequently change their portfolios often see lower long-term returns than those who consistently stick to one strategy. One should not easily end their follow orders due to short-term pullbacks; rather, the curve suggests that pullbacks can actually be good opportunities to start following. Moving in and out can significantly reduce returns.

Norway’s Sovereign Wealth Fund Increases Indirect Bitcoin Holdings

According to data from crypto research firm K33 Research, Norway’s sovereign wealth fund, the largest state-owned wealth fund globally, has increased its indirect exposure to Bitcoin (BTC) by 192% over the past year. Currently, the fund holds 7,161 BTC through investments in wealth reserve companies Strategy, Metaplanet, and cryptocurrency exchange Coinbase.

Bullish Exchange Surges on First Trading Day

Cryptocurrency exchange Bullish, backed by renowned venture capitalist Peter Thiel, went public on the New York Stock Exchange last Wednesday. The IPO was priced at $37, and it surged 83.78% on its first day, closing at $68. Data shows that ARK Invest, led by Cathie Wood, also purchased $172 million worth of Bullish shares through its three funds on that same day.

Placeholder Partner Predicts Market Peak in October

Chris Burniske, a partner at blockchain firm Placeholder, predicts that Bitcoin could peak in October, exceeding $140,000. He noted that if the market remains hot from August to October, the likelihood of reaching a peak will significantly increase. He advises investors to take profits in batches during the upswing to manage risks.

US PPI Sees Largest Increase in Three Years, Rate Cut Expectations Cool

The year-over-year PPI for July jumped from the previous 2.3% to 3.3%, exceeding the expected 2.5% and marking the highest since February of this year. The month-over-month increase reached 0.9%, far surpassing the expected 0.2%, and setting a new record for the largest increase since June 2022. The core PPI year-over-year also rose to 3.7%, with a month-over-month increase of 0.9%, both hitting multi-year highs, leading to a short-term pullback in the cryptocurrency market.

Qubic Community Votes to Shift 51% Attack Target to Dogecoin

The cryptocurrency project Qubic successfully launched a 51% attack on the privacy coin Monero this week, gaining majority control of the network’s computing power. The community has now voted to target Dogecoin (DOGE) next.

Thailand Launches Payment Sandbox Plan to Attract Foreign Tourists

According to Thailand’s media outlet The Nation, the Thai government plans to implement a nationwide regulatory sandbox allowing foreign tourists to exchange cryptocurrencies for local currency for electronic payments, aimed at promoting tourism development.

Andrew Kang Warns ETH Could Drop to $3,200

Andrew Kang, founder of Mechanism Capital, recently expressed his views on social media platform X, warning that the Ethereum (ETH) market is in a highly risky state and could face a liquidation wave of up to $5 billion in the short term, with ETH prices potentially dropping to between $3,200 and $3,600.

BTCS Issues Ether Dividends as Loyalty Program to Deter Short Selling

US-listed company BTCS announced on Monday that it will become the first publicly traded company to issue dividends to shareholders in the form of Ether. This initiative is considered a groundbreaking market experiment aimed at rewarding long-term investors and curbing “predatory short-selling.”

Wall Street Institutions Bulk Buy BlackRock’s Crypto ETFs in Q2

According to Bloomberg statistics, BlackRock’s Bitcoin and Ethereum spot ETFs attracted several top global financial institutions in the second quarter of 2025, ranging from hedge funds and market makers to major banks, marking the official integration of cryptocurrency ETFs into the traditional financial ecosystem.

Strategy Updates Stock Issuance Regulations!

According to Bloomberg, US-listed company Strategy (MicroStrategy) has updated its stock issuance regulations, allowing normal stock sales for fundraising even when the company’s stock price is below 2.5 times its Bitcoin holding value. This move breaks the “mNAV premium” baseline set by CEO Michael Saylor in the past, indicating that the company will have greater flexibility to adapt to the current market environment and continue advancing its Bitcoin strategy.

BitMine Holds 1.52 Million ETH Valued Over $6 Billion

Led by well-known analyst and co-founder of investment research firm Fundstrat, Thomas “Tom” Lee, BitMine Immersion Technologies announced on Monday that its total holding of Ether (ETH) has reached 1,523,373 coins, valued at over $6 billion. This indicates that the company has increased its holdings by approximately 373,000 ETH over the past week. The company also holds 192 BTC, valued at about $22 million.

South Korean Regulators Order Crypto Companies to Halt New Lending Products

The Financial Supervisory Commission (FSC) of South Korea has ordered exchanges to suspend the launch of new cryptocurrency lending products until formal regulatory guidelines are released, citing increasing risks to user and market stability.

The above content does not constitute any financial investment advice. All data comes from the announcements on the GT Radar official website, and each user may experience slight discrepancies due to different entry and exit prices. Past performance does not guarantee future results!