Brothers, pay attention. Large households and institutions have begun to offload to avoid risks. The clear news is stirring, and tomorrow we have the Federal Reserve's interest rate decision and Powell's monetary policy speech, followed by the non-farm payroll data and the 'third' policy landing regarding equivalent tariffs.
If clear news mobilizes the market simultaneously, there may be a risk of a bank run. Additionally, Hong Kong will officially implement the world's first comprehensive regulatory framework for fiat stablecoins on August 1, which will also have an impact on the market.
It is evident from the daily ETFs of BTC and ETH that there has been a significant shift from a large historical net inflow to yesterday's outflow of 83 million from Bitcoin and 5 million from Ethereum. Although the amounts may not seem large, it is clear that there is a noticeable difference in market trends between yesterday and today. Currently, the market is only showing risk-averse sentiment, and the risk of a bank run has not yet appeared.
From the altcoin side, a significant correction has already occurred since yesterday. As of 2 PM yesterday, among more than 1,400 altcoins on Binance, over 85% have experienced corrections, with more than 600 cryptocurrencies correcting between 7% and 10%.
As of 2 PM today, nearly 90% of cryptocurrencies in the market have also experienced significant corrections, the majority of which are between 3% and 5%.
In this situation, with both Bitcoin and Ethereum in high oscillation, the overall correction in altcoins is notable, as everyone is waiting for news to land. #白宫数字资产报告 #以太坊十周年 #美联储利率决议 #ETH #BTC
If clear news mobilizes the market simultaneously, there may be a risk of a bank run. Additionally, Hong Kong will officially implement the world's first comprehensive regulatory framework for fiat stablecoins on August 1, which will also have an impact on the market.
It is evident from the daily ETFs of BTC and ETH that there has been a significant shift from a large historical net inflow to yesterday's outflow of 83 million from Bitcoin and 5 million from Ethereum. Although the amounts may not seem large, it is clear that there is a noticeable difference in market trends between yesterday and today. Currently, the market is only showing risk-averse sentiment, and the risk of a bank run has not yet appeared.
From the altcoin side, a significant correction has already occurred since yesterday. As of 2 PM yesterday, among more than 1,400 altcoins on Binance, over 85% have experienced corrections, with more than 600 cryptocurrencies correcting between 7% and 10%.
As of 2 PM today, nearly 90% of cryptocurrencies in the market have also experienced significant corrections, the majority of which are between 3% and 5%.
In this situation, with both Bitcoin and Ethereum in high oscillation, the overall correction in altcoins is notable, as everyone is waiting for news to land. #白宫数字资产报告 #以太坊十周年 #美联储利率决议 #ETH #BTC
