7.7 Morning Report | The Crypto Market Enters a Critical Game Period with Opportunities and Risks Coexisting
Market Overview
On-chain data shows signs of prosperity, but the phase of easy profits has ended. The current market demands a significant improvement in asset selection and timing; blind operations may face the risk of rapid exit.
BTC: Liquidity Exhaustion, Waiting for Direction
Affected by the US stock market holiday, BTC has been consolidating, with liquidity dropping to a freezing point. This apparent calm is, in fact, the calm before the storm—subsequent movements are highly dependent on the direction of the US stock market.
ETH: Weak Rebound, Waiting for Catalysts
Last night's brief rebound failed to mask the weakness; the initiative of the ETH Foundation and the community has become a key variable. The expectation of ETFs continues to be delayed, and market patience is running thin.
SOL: Ecological Heat Becomes a Breaking Point
On-chain activity for SOL is heating up, focusing on whether the market sentiment can be ignited before the PUMP token launch. The coordinated explosion of DeFi and Meme sectors may become a decisive factor for SOL's current market performance.
BONK vs PUMP: Pattern Shift
BONK has achieved a historic overtaking of PUMP with a 54.7% market share. The next observation point is whether the operating team can consolidate their advantage—leading in the crypto world often means a permanent reshuffle.
Macro Trends
The number of ETP products in Hong Kong has surpassed 210, with a rising proportion of digital asset categories; the narrative in the Asia-Pacific market continues to strengthen.
Elon Musk's establishment of the "American Party" has triggered political and business turbulence; the US Treasury Secretary has urgently called out, and the link between crypto and politics has entered deep waters.
The Federal Reserve's meeting minutes + countdown to reciprocal tariffs; the policy butterfly effect may reshape capital flows.
Industry Frontiers
Jack Dorsey has launched the anti-censorship communication tool Bitchat, completing a key piece in the decentralized social track.
Risk Warning
The UAE government clarifies that the "Crypto Golden Visa" is a rumor; on-chain information needs to be strictly verified.
Michael Saylor sends a signal of increased holdings; big players' actions may trigger drastic market fluctuations.
Current Phase Core Features: On-chain opportunities genuinely exist, but the margin for error has sharply decreased. The slightest difference in asset selection and timing will directly determine a stark contrast in gains and losses.
