Woofun AI reports that the Coinbase Bitcoin Premium Index has remained in negative territory for two consecutive months, marking the longest streak of negative premiums on record. In traditional markets, DRAM average prices are forecast to rise 21% quarter-over-quarter in Q3, exceeding TrendForce predictions, while single-stock leveraged ETFs in South Korea surpass 10 trillion won.

On-chain activity shows an address with $15 million margin opening a 215.5 million TWAP short position on CXMT.

Additionally, analysis indicates a historically significant support band for Bitcoin emerges, with over half of the supply changing hands above $59,000.