8.6 Precise Market Analysis 🔥 (with Operational Suggestions)
📉 Overall Market Situation
Price Dynamics
Bitcoin (BTC): Rebounded above $114,000, with a 24-hour decline narrowing to 0.78%, but has not yet broken through the key resistance level.
Ethereum (ETH): Briefly dipped below $3,600 before rebounding above $3,600, with a 24-hour decline narrowing to 2.89%.
Other Tokens: XRP currently at $3.65 (over 10% decline for the week), Solana (SOL) performing strongly supported by DeFi/NFT, while Dogecoin (DOGE) remains in the $0.20–0.23 range.
Liquidations and Capital Flow
In the past 24 hours, the total liquidation amount across the network exceeded $339 million, involving 120,000 investors, with Ethereum-related liquidations dominating.
Net outflow from the ETH chain was $122.7 million (a three-week high), with significant selling pressure on exchanges; the BTC derivatives open interest decreased by 0.91%, and the long-short ratio leans towards caution (0.979).
🌐 Performance of Other Tokens
Solana (SOL): Supported by DeFi and NFT demand, short-term target $240–247, technicals stronger than the market.
Mantle (MNT): Counter-trend increase of 21%, trading volume surged by 283%, if it breaks $0.885, it may continue to rebound.
XRP: Dropped to $3.65 (over 10% decline for the week), needs overall market recovery to challenge $5.
⚠️ Downward Drivers
Macroeconomic Policy Impact: Trump announced tariffs on imported pharmaceuticals and semiconductors (up to 250%), triggering risk-averse sentiment.
The Federal Reserve postponed interest rate cuts, combined with downward revisions of non-farm employment data, weakening market expectations for liquidity easing.
Large Sell-offs and Panic: Whales transferred over 35,000 BTC to exchanges, triggering follow-up sell-offs.
Rumors of “Trump secretly selling cryptocurrencies” intensified panic, with ETFs recording net outflows for the first time.
🔮 Future Outlook and Strategic Suggestions
- Short-term (24–48 hours): If ETH falls below $3,576, it may trigger a deeper correction to $3,360; if BTC breaks $113,500, it will test $111,000.
- Mid-term (August-September): The Fed may be forced to cut rates in September, which, if realized, will drive capital back into the crypto market.
Technical Potential: If ETH breaks $4,100, year-end target $6,000–8,000; BTC may challenge $120,000–122,000.
Investment Suggestions 👇👇
Accumulate on Dips: Institutions continue to increase their positions in ETH (e.g., a single transaction of $36 million), viewing the $3,200–3,600 range as a “golden pit.”
Diversify Allocation: Focus on strong fundamental assets such as BTC, ETH, SOL, and avoid high-volatility MEME coins.
