Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
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BTC falls to $65,000, Bitcoin bulls suffer heavy losses
Over the past week, the Bitcoin market has experienced a significant expansionary trend in leveraged positions, however, this growth has been severely challenged when BTC prices fell sharply to key support levels around $65,000. What is particularly noteworthy is that with the opening of the Wall Street trading day on July 30, the power of shorts increased significantly, pushing the price below the important psychological mark of $66,000 in one fell swoop. This triggered a dramatic reduction and liquidation of a large number of leveraged long positions in the market. tide. Currently, Bitcoin's trading price is stable at around $66,291, a 2.3% drop from the previous trading day. Prior to this, BTC had made several failed attempts to break through the high resistance of $70,000, which clearly demonstrated the solidity of the bear defense in this price area and the market’s hesitancy.
Since BTC fell back from its high of $70,000, futures open interest (OI) worth about $800 million has been forced to be liquidated, equivalent to about 12,000 BTC, showing the acceleration of long-term deleveraging in the market in the later period. If To regain the $67,500 levels seen at last week's open, the market would need to significantly increase leveraged long positions and spot purchases.
The prolonged wave of liquidations BTC encountered as it neared $69,000 significantly reduced the number of open interest in the market. The future market trend will be highly dependent on the activity and trading depth of the spot market. Currently, a large number of "huge orders" aimed at maintaining price levels are emerging in the spot market, and these orders have become an important buffer for market fluctuations. It is worth noting that the amount of open interest in the Bitcoin futures market has expanded sharply recently and reached a historical peak of US$39.46 billion on July 29, showing the strong interest and high concern of market participants.
The market is highly focused on the strategy adjustment of long traders and the buying dynamics of the spot market. If BTC falls to $65,500, it may trigger the liquidation of long positions, and the price will fall by about 0.25%. In the short term, the liquidation pressure is concentrated in the $70,000-72,000 range. High leverage longs (such as 10x) face the risk of forced liquidation in the $60,372-58,400 range, indicating that the market may further test these support levels.
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SEC reiterates position: Solana and others may be securities
The SEC has insisted on treating Solana and other cryptocurrencies as securities in cryptocurrency lawsuits, even after withdrawing its request for a ruling in the Binance case. Variant Fund's Jake Chervinsky said there is no evidence that the SEC has abandoned this position. The SEC has adjusted its strategy and does not force the court to rule on the nature of tokens, but it still insists on securities classification in other cases. Industry experts agree that the SEC has not given up on the determination, and the judge in the Coinbase case tends to favor the SEC's position, which has exacerbated market concerns.
Jennings questioned whether the SEC had provided sufficient evidence to prove a direct link between secondary market token sales and token issuer management, and hinted that there may be political motives behind this. In its lawsuit against Binance, the SEC has clearly listed Solana, BNB, Cardano and other tokens as securities. This move has far-reaching implications, affecting cryptocurrencies worth more than $100 billion in the market.
Today’s recommendations are ZEN, LISTA, MDT, and DODO.
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WAS
ZEN coin, the full name of Horizen in English, is the native token of the Horizen platform. Horizen is a decentralized cryptocurrency platform that aims to provide users with a secure and private trading experience with high security and scalability. ZEN coins are not only used for transactions, but also for storing value and executing smart contracts. The blockchain-based sidechain technology allows developers and enterprises to issue sidechains on the ZEN mainnet and develop their own, secure, and scalable public or private blockchain applications. The current price is $9.505.
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LIST
LISTA is the native cryptographic protocol token of ListaDAO, which is transferable and versatile. LISTA coin holders have the right to vote on important governance decisions of ListaDAO, ensuring that the protocol develops according to the needs and preferences of the community. When users borrow lisUSD with collateral or participate in liquidity mining in the lisUSD and slisBNB pools, they can receive LISTA coins as rewards. LISTA coins are used as decentralized payment and settlement tools within ListaDAO. The current price is 0.534 USD.
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MDT
MDT is part of a decentralized data ecosystem that aims to provide data rewards to individual users and accelerate the adoption of blockchain through various blockchain innovations. Its technical foundation is the Ethereum blockchain. With the help of smart contracts and the immutability of blockchain, MDT can ensure the security and privacy of personal data. The current price is 0.00430 USD.
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DODO
DODO coin is a native token of a decentralized trading platform, launched by BakerySwap, which aims to solve some current hot issues such as volume arbitrage and volatility loss through a real-time profit sharing mechanism to improve traders' efficiency and profitability. DODO coin is an innovative and potential decentralized trading platform token, which provides traders with a better trading experience and profitability through its unique PMM algorithm and real-time profit sharing mechanism. The current price is $0.133.
Review of club recommendations
1.【PEPE，WIF】
When the market rebounds, meme coins are always the fastest to take action. After in-depth analysis and research, we recommend entering the market at a price point of 0.0000059, and the performance of Pepe tokens has exceeded our expectations, rising to a maximum of 0.00001208, an increase of 40.13%! The performance of Pepe tokens exceeded everyone's expectations.
WIF is most likely to become Sol's Golden Dog meme. The club recommends a layout around 1.7. The highest was around 2.23, an increase of 31.7%.
2.【STORAGE】
Storj Labs' acquisition of GPU cloud company Valdi is a big positive. Storj is a storage company, and its transformation into AI has completed the empowerment of depin+AI. The club recommends building a position at 0.3468, and STORJ has reached a high of 0.50, an increase of 40%.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #美国政府转移BTC #超级央行周 #比特币大会 #MDTUSDT #Lista $ETH
