🔴Main Trends and Influencing Factors📈📉
1. Market Sentiment and Economic Risks
Profit-taking by large holders (Whales) and negative Option Skew movements (from +2% to –2%) indicate demand for protection against price declines.
Economic data such as inflation (CPI expected on August 13) and tariff policies from the Trump administration heavily influence general sentiment towards high-risk assets.
2. Institutional Flows and Cryptocurrency Regulation
ETF Distributions: Outflow of $196M from Bitcoin ETF versus inflow of $73M into Ethereum ETF. This indicates an increasing institutional preference for ETH over BTC.
Regulatory announcements such as the establishment of a "Strategic Bitcoin Reserve" and parts of the GENIUS Act enhance regulatory confidence gradually in the US and global markets.
3. Growth Networks and Emerging Technologies
The continuous rise in DeFi, Layer‑2, AI-based blockchain, and real-world asset tokens (RWA) supports the expansion of the overall ecosystem.
📈 Technical Outlook for the General Market
Funding rate indicators on trading platforms suggest a bullish or neutral trend, especially for BTC and ETH tokens, which enhances investor confidence and relatively stabilizes the market.
Analysis via Cryptonews: The calm performance in late July and early August may pave the way for a significant price movement, as long as BTC maintains its stability without exceeding the psychological barrier of $120K.