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Relative is a decentralized derivatives platform that provides market participants with exposure to the ‘relative’ strength between two assets through the creation of Relative Strength Derivatives (RSDs). RSDs provide participants with the ability to speculate on the difference in performance between two assets, rather than the absolute performance of a single asset.
BIT: BTC's RSI rebounded after falling to the 30% oversold zone
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
Analysis: Long-term holders' loss-making inflows to exchanges account for over 65%, selling pressure still dominates exchange fund flows.
Glassnode stated that the extent to which long-term holders dominate selling pressure can be assessed by observing exchange fund flows. The indicator "Long-Term Holder/Short-Term Holder Exchange Realized Profit/Loss Relative Ratio" shows that among the funds currently flowing into exchanges, over 65% come from long-term holders selling at a loss.
Bitcoin's Relative Strength Index Drops to Lowest Level Since 2020 Bear Market, Increasing Likelihood of Testing $50,000
According to data disclosed by crypto analyst Scott Melker, Bitcoin short-term holders have recorded the largest loss-taking sell-off in history, while approximately 5.3 million BTC held by long-term holders are in a state of unrealized loss, with market sentiment turning extremely pessimistic.Additionally, Bitcoin's daily Relative Strength Index (RSI) has dropped to around 15.5, its lowest level since the pandemic-induced bear market in March 2020, indicating the market is deeply oversold. Having already fallen below $60,000, the likelihood of Bitcoin testing $50,000 is increasing. However, if it can sustain the key support level at $60,000 in the near term, a rebound toward the 20-day EMA around $70,600 could be possible in the coming weeks.
BIT: BTC's RSI rebounded after falling to the 30% oversold zone
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
Goldman Sachs: Chinese Residents’ Stock Allocation Remains Low Relative to Long-Term Potential
According to a research report recently released by Goldman Sachs’ China macroeconomics team, the asset allocation of Chinese residents is in the early stages of a structural transformation. As the role of real estate in wealth accumulation gradually diminishes and deposit rates remain low, savings may progressively shift towards a broader range of financial assets, with stocks and insurance expected to be the primary beneficiaries in the medium term. “Chinese residents’ stock allocation remains low relative to its long-term potential.”The Goldman Sachs report indicates that the current share of stocks in residents’ assets is less than 10%, suggesting significant room for further asset reallocation as residents gradually broaden their investment horizons. Goldman Sachs also noted that, given residents’ still cautious risk appetite and the uneven distribution of financial wealth, this adjustment is unlikely to be linear or cover a wide population. Even so, if resident confidence stabilizes and capital market returns become attractive, stocks could account for a larger share of new resident savings in the future. (Shanghai Securities News)
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BIT: BTC's RSI rebounded after falling to the 30% oversold zone
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
Analysis: Long-term holders' loss-making inflows to exchanges account for over 65%, selling pressure still dominates exchange fund flows.
Glassnode stated that the extent to which long-term holders dominate selling pressure can be assessed by observing exchange fund flows. The indicator "Long-Term Holder/Short-Term Holder Exchange Realized Profit/Loss Relative Ratio" shows that among the funds currently flowing into exchanges, over 65% come from long-term holders selling at a loss.
Goldman Sachs: IT Services 2Q Guidance Moves Towards Midpoint, IBM Becomes Relative Beneficiary
According to TechFlow Research, Goldman Sachs' July 10 IT Services sector 2Q preview indicated that macro uncertainty has affected client decision-making since April-May, and companies are expected to lower guidance ceilings and anchor to the midpoint. IBM is the sector's only Buy rating (target price $335); software resilience coupled with enterprise AI demand makes it a relative beneficiary, with expected 2Q revenue of $17.86 billion, full-year $71.3 billion, and growth rate of 5.2%. EPAM faces greater downside risk (Neutral, target price $110), with full-year organic growth guidance potentially narrowing from 2.5%-5.0% to 2.5%-4.0%. Cognizant, Globant, and TaskUs all maintain Neutral.
Goldman Sachs: Chinese Residents’ Stock Allocation Remains Low Relative to Long-Term Potential
According to a research report recently released by Goldman Sachs’ China macroeconomics team, the asset allocation of Chinese residents is in the early stages of a structural transformation. As the role of real estate in wealth accumulation gradually diminishes and deposit rates remain low, savings may progressively shift towards a broader range of financial assets, with stocks and insurance expected to be the primary beneficiaries in the medium term. “Chinese residents’ stock allocation remains low relative to its long-term potential.”The Goldman Sachs report indicates that the current share of stocks in residents’ assets is less than 10%, suggesting significant room for further asset reallocation as residents gradually broaden their investment horizons. Goldman Sachs also noted that, given residents’ still cautious risk appetite and the uneven distribution of financial wealth, this adjustment is unlikely to be linear or cover a wide population. Even so, if resident confidence stabilizes and capital market returns become attractive, stocks could account for a larger share of new resident savings in the future. (Shanghai Securities News)
Bitcoin's Relative Strength Index Drops to Lowest Level Since 2020 Bear Market, Increasing Likelihood of Testing $50,000
According to data disclosed by crypto analyst Scott Melker, Bitcoin short-term holders have recorded the largest loss-taking sell-off in history, while approximately 5.3 million BTC held by long-term holders are in a state of unrealized loss, with market sentiment turning extremely pessimistic.Additionally, Bitcoin's daily Relative Strength Index (RSI) has dropped to around 15.5, its lowest level since the pandemic-induced bear market in March 2020, indicating the market is deeply oversold. Having already fallen below $60,000, the likelihood of Bitcoin testing $50,000 is increasing. However, if it can sustain the key support level at $60,000 in the near term, a rebound toward the 20-day EMA around $70,600 could be possible in the coming weeks.