On August 7th, institutional digital asset broker FalconX tweeted that institutions are buying dips in this slump. In its observation on August 7th, it was noted that almost all investors are net buyers, including proprietary trading desks (57% of total buyer traffic), hedge funds (63%), venture funds (61%) and retail aggregators (72%). "The buy/sell ratio below 50% last week has exceeded 50% today". FalconX said that BTC is still the largest cryptoasset, with 2.8 times the trading volume of ETH, and the trading volume of BTC and ETH is more than twice that of counterfeit products.