7.17 Market Highlights:
1. BTC is moving quite boringly; this stage presents an opportunity for altcoins to surge, and the short leverage ratio has significantly decreased, so Bitcoin may have another downward adjustment, but the extent won't be too deep:
2. ETH is almost defying gravity, showing hardly any pullback; those who short are suffering. One must keep an imaginative outlook during a bull market;
3. MicroStrategy's US stocks continue to soar, and currently, Solana's MicroStrategy US stocks have yet to show a leader;
4. The procedural motion for crypto legislation has been passed, and it is estimated that a vote on the details will take place in 2 days;
5. ConsenSys claims Ethereum is shifting towards 'programmable trust,' predicting a target price of $15,800 for ETH by 2028;
6. The proposal for 'WLFI tokens to be tradable' has concluded voting and passed at 1:38 AM Beijing time;
#BTC #ETH #bnb