According to Odaily, CryptoQuant analyst AxelAdlerJr has reported a significant decrease in the number of Bitcoin deposit addresses on exchanges, reaching a low of 25,000. This development is seen as a crucial indicator that may suggest a shift in investor strategy regarding Bitcoin holdings. The analysis indicates that the reduction in addresses prepared to sell Bitcoin suggests that most holders prefer to retain their assets, anticipating further price increases. From a behavioral economics perspective, this trend may reflect growing confidence among Bitcoin investors. This change in behavior could be driven by factors such as increased institutional investment in cryptocurrencies. Additionally, the decreased willingness to sell assets may lead to a reduced supply of Bitcoin in the market. With stable or increasing demand, this could result in a price rise, signaling a bullish outlook for the market.

According to BlockBeats, on July 23, the total value locked (TVL) in the Pencils Protocol within the Scroll ecosystem exceeded $300 million, making it the highest TVL DeFi protocol in the Scroll ecosystem. Additionally, Pencils Protocol leads in weekly and monthly TVL growth rates and incremental data within the Scroll ecosystem. Pencils Protocol is currently the largest native DeFi project in the Scroll ecosystem. It serves as a one-stop yield aggregator and auction platform based on Scroll, integrating functions such as Launchpad, unified asset aggregation and distribution, and leveraged yield. The protocol aims to maximize users' asset utilization.