🔥🔥🔥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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