Matrixport: Crypto Market Cooling May Last Until August #Bitcoin #Ethereum #Crypto

On July 25, Matrixport posted:

🔹BTC & ETH are overbought, reversal signals are flashing

🔹US Crypto Week is over, momentum likely peaked

🔹White House delayed crypto report to July 30, reducing expectations

  – Was expected to mention Bitcoin reserve strategy

  – Now likely to contain little actionable policy

🔹Stablecoin regulation (GENIUS Act) prioritized instead, focusing on US debt-backed stablecoins

⚠️ Risk factors:

ETH OI surged from $14B → $25B

Rising funding rates = higher holding cost

Summer session recess = low liquidity, deleveraging risk increases

🎯 Takeaway: Caution advised in the near term, as cooling sentiment and high leverage may trigger pullbacks.