🔥🔥🔥July 30 Market Analysis!!!

In the past few days, BTC has continued to consolidate, with overall performance stronger than expected. We initially predicted a retracement to around $115,000 within 2 days, but it seems the market is still resilient.

However, some altcoins have clearly struggled to hold their ground, with significant declines.

On-chain data shows two major trends:

Stablecoins are continuously flowing out and not being transferred to exchanges, indicating that large funds are still on the sidelines;

BTC continues to flow out of Coinbase, suggesting that institutions are quietly accumulating coins through ETFs and over-the-counter channels.

These signals indicate:

Current institutional funds are mainly focused on BTC,

with low interest in altcoins, as many funds in the primary market are being harvested by project parties, leading to a lack of confidence.

Before large-scale interest rate cuts arrive, altcoins are likely to struggle for a breakout opportunity.

Positive news:

This week, Trump is set to release a policy report on cryptocurrencies, which is expected to become a new catalyst;

The Bank of Korea has established a 'Virtual Assets Group' under the Financial Payment Bureau, aiming to promote the development of the crypto industry.

Operational suggestions:

BTC still has upward potential, and is expected to attack again after approaching MA30 within 5 days;

If mainstream coins like BNB and SOL drop by more than 3% again, consider gradually bottom-fishing for a mid-term layout.

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