July 4th Crypto Morning Report: Market Surge and Underlying Currents
1. BTC Breaks Through 110,000, Both Short and Long Positions Hit
Last night, BTC strongly broke through 110,000, with increased market volatility leading to a liquidation of leveraged positions. BlackRock's IBIT has become its third-largest revenue-generating ETF, traditional capital has already fully deployed, while retail investors remain hesitant about "whether to get on board."
2. ETH Pulls Back After Breaking 2600
ETH briefly stood above 2600 before entering an adjustment phase, with subsequent trends still dependent on BTC's performance. Whether the spot ETF can be approved remains uncertain, with the market showing strong wait-and-see sentiment.
3. Is SOL Entering a Silent Period?
SOL's favorable phase appears to have peaked, showing signs of a pullback after a high. The Jupiter ecosystem is shifting towards internal competition, and players are starting to save themselves. Notably, DeFi Corp has increased its holdings by 17,000 SOL, with total holdings exceeding 640,000 SOL, indicating that large funds are still secretly positioning themselves.
4. JupiterDAO Core Working Group Dissolved
4.5 million JUP will be returned to the DAO treasury, with the decentralized ideal reflecting reality— even the team has become "decentralized."
5. Key Week for U.S. Crypto Legislation Approaches
During the week of July 14th, the House will review the CLARITY, anti-CBDC, and GENIUS bills, which may mark a turning point in regulatory sentiment.
6. Countdown to Coinbase System Upgrade
Upgrades will begin on August 2nd, with platform stability issues needing urgent resolution; users should prepare in advance.
7. Tornado Cash Co-founder Faces Criminal Trial
Whether Roman Storm will appear in court remains a mystery, as the game of cat and mouse between privacy protocols and regulation intensifies.
8. U.S. Treasury Secretary's Strong Statement to Support the Dollar
Yellen and Basant have both spoken out, emphasizing the "unshakeable" status of the dollar, with no signs of compromise at the policy level.
9. Trump's Favorable Crypto Bill Set to be Signed
The "Beautiful Big Bill" is expected to be finalized this Saturday, with the market already reacting in advance, and the policy direction continuing to lean warm.
10. Global Trade Game Escalates
Over 100 countries may enjoy a 10% reciprocal tariff; if the Federal Reserve remains inactive this month, larger policy moves may be released in September.
11. Wall Street Enters "Extreme Greed" Mode
The Fear and Greed Index has reached its highest point since March, and historical experience indicates that sharp volatility may follow.
12. U.S. Stock Market Closed, Market Pauses
Markets are closed for Independence Day holidays, allowing investors to take a break and recharge for the upcoming trends.
