The cryptocurrency market is experiencing a strategic shift, characterized by a cooling of speculation and a decline in liquidation volumes. Bitcoin (BTC) has struggled to maintain its position above $60,000, with reports indicating that it has failed to regain its value area for August. Meanwhile, notable activity in the NFT lending space includes two significant loans involving the Skulls of Luci collection, totaling 155,000 USDC. The loans consist of 50,000 USDC at a 12.5% annual percentage rate (APR) for 105 days and 105,000 USDC at a 15% APR with a 3,100 USDC origination fee for 180 days. Additionally, a loan of 180,000 USDC for the MORTAL #5 NFT by XCOPYART has been originated, featuring a 365-day duration, a 15% APR, and a 9,000 USDC origination fee. Overall, the market appears to be in a phase where spot markets may drive future movements, as long-term holders remain patient amidst the current volatility.