Firefly Report:

US PPI data soared, causing BTC to dip below $120,000, resulting in a $660 million loss across the network. The market is dominated by risk-aversion, and the sentiment has clearly worsened.

Behind The Scenes:

The PPI index surpassing expectations led large investors to reposition. The market is influenced by other factors, with circulating cash flows and noticeable weak buying. There is strong wait-and-see sentiment.

Trading Guide:

Until the $120,000 level is regained, it's advised to sell in batches and follow the trend. If retail data surprises tonight, be wary of further adjustment and avoid haste. Updated at 08-15 01:24. Summary generated by Ai, not investment advice.