Nansen analysts believe that investors should increase their risk and not ignore all the current positive signals and market narratives, including the expected increase in interest rate cuts by the Federal Reserve, the lead of US presidential candidate Trump in the polls, the widening of the spread between bitcoin call and put options, and the bitcoin momentum indicator above the buy threshold. In addition, the inflow of funds into spot bitcoin ETFs is increasing, while the on-chain transaction fees led by Ethereum are also increasing. This is likely due to the launch of bitcoin ETFs on July 23. The market value of stablecoins is also accelerating, indicating an increase in on-chain net inflows.