**[Ansem: Signs of a Bottom Emerging in the Crypto Market, Confirmation of a New Bull Market Awaits On-Chain Data]** BlockBeats News, August 5 — Renowned crypto KOL Ansem posted that the crypto market is showing signs of bottom formation. Firstly, prices are beginning to demonstrate resilience to negative news. For example, when Saylor sold millions of dollars worth of BTC in the $58,000 to $60,000 range, BTC continued to form higher lows. Secondly, crypto-native mobile applications are experiencing actual user growth. Pump.fun's weekly revenue increased by 20%, and Fomo surpassed 100,000 users within a week. Institutional interest is also rebounding, including progress on Robinhood Chain and billionaire Paul Tudor Jones publicly expressing bullish sentiment on BTC. Additionally, crypto-related content is regaining traction on social media. Ansem stated that if on-chain tokens continue to hit higher highs after their initial volume peaks, the number of holders for popular tokens keeps growing, mainstream media refocuses on crypto coverage, developers experiment with new on-chain mechanisms, and successful protocols incentivize users through airdrops, it could further confirm the start of a new bull market. [Original Link]