KZG Crypto
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Crypto Daily Report - July 23
Market Sentiment
The current Fear & Greed index is 74, in the 'Greed' range, indicating optimistic market sentiment but not at its peak. The core feature is the accelerated inflow of institutional funds into Ethereum ETFs, boosting bullish confidence, but the high volatility of Bitcoin has triggered some profit-taking. Driving factors include the passage of the US stablecoin bill improving regulatory clarity, and Arthur Hayes' prediction of Bitcoin reaching $250,000 by the end of the year stimulating expectations; however, whale profit-taking, such as WBTC selling $107 million in profits, reminds of potential pullback risks, leading to an overall cautious expansion of sentiment.
Market Overview
Current BTC price is $118,004.00, with a 24-hour increase of 0.15%. The triggers are active political betting on Polymarket and the Trump trade agreement stimulating risk appetite, but high selling pressure has led to a brief pullback to the $118,000 support. Current ETH price is $3,696.00, with a 24-hour increase of 2.37%, mainly driven by ETF net inflows of $533.8 million, with institutions increasing their holdings by buying 6k ETH at the WLFI address to strengthen the bullish trend, but an exit of 519,000 ETH shows profit-taking pressure.
The current Fear & Greed index is 74, in the 'Greed' range, indicating optimistic market sentiment but not at its peak. The core feature is the accelerated inflow of institutional funds into Ethereum ETFs, boosting bullish confidence, but the high volatility of Bitcoin has triggered some profit-taking. Driving factors include the passage of the US stablecoin bill improving regulatory clarity, and Arthur Hayes' prediction of Bitcoin reaching $250,000 by the end of the year stimulating expectations; however, whale profit-taking, such as WBTC selling $107 million in profits, reminds of potential pullback risks, leading to an overall cautious expansion of sentiment.
Market Overview
Current BTC price is $118,004.00, with a 24-hour increase of 0.15%. The triggers are active political betting on Polymarket and the Trump trade agreement stimulating risk appetite, but high selling pressure has led to a brief pullback to the $118,000 support. Current ETH price is $3,696.00, with a 24-hour increase of 2.37%, mainly driven by ETF net inflows of $533.8 million, with institutions increasing their holdings by buying 6k ETH at the WLFI address to strengthen the bullish trend, but an exit of 519,000 ETH shows profit-taking pressure.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,093.19
-0.77%
ETH
3,615.27
-2.37%
