On Wednesday, the U.S. Treasury Secretary urged the Federal Reserve to consider a 50 basis point rate cut in September. Subsequently, Bitcoin broke through its historical high, only to drop sharply right after, resulting in a false breakout with significant volume. The contract market again witnessed billion-level liquidations, with 80% of the main positions being long. The main reason for the decline was the U.S. July PPI annual rate of 3.3%, significantly exceeding the market expectation of 2.5%, reaching a high since February. It was also reported that the U.S. strategic reserves will not purchase Bitcoin, leading to a concentration of short-term negative factors that interrupted the overall upward momentum.
The market trend over the past month is basically consistent with Sister Bei's top pinned review post prediction; you can check it for verification, so I won't take screenshots one by one. However, the main upward wave of the bull market often ends abruptly, and each time, it is the altcoins that get hurt. The ups and downs follow the decline rather than the rise, and those holding altcoins, like Sister Bei, also have their silent struggles. After the big drop a few days ago, market sentiment improved over the weekend, and today we saw some small altcoins in the team coin sector being pumped. The quick entry of speculative funds indicates a desire to continue leveraging this two to three-month time window for pumping and selling.
When it comes to judging altcoins, we still need to pay more attention to Ethereum. The net inflow of Ethereum spot ETFs reached 2.9 billion USD, continuing a 14-week net inflow. The total holdings of Ethereum spot ETFs amount to 29.22 billion USD, accounting for 5.34% of Ethereum's total market capitalization. Especially in the past month, the inflow compared to Bitcoin's spot ETF has shown a significantly increasing trend.
BitMine plans to raise up to 20 billion USD to purchase Ethereum, currently holding about 5 billion USD, making it the world's largest ETH treasury. Over the past week, its ETH position increased by about 2 billion USD, and it plans to hold 5% of the global ETH long-term. With the buying support from these treasuries, Ethereum's upward trend will continue. Ethereum is approaching its historical high, and Sister Bei believes that in the short term, Wall Street capital will continue to exert strength, with a high likelihood of breaking through 4868 and opening up market imagination space.
OKX will destroy 65 million OKB from historical repurchases and reserves in one go, fixing the total issuance at 21 million. Simultaneously, a strategic upgrade of the X Layer will turn it into a public chain focused on DeFi, payments, and RWA scenarios. OKB tripled in one day; the exchange and capital leaders are resolutely pushing the price, which is a very good sign, opening up space for the imagination of a local altcoin season.
In the upcoming market, Sister Bei still insists on seizing every opportunity during pullbacks; the time window for everyone to board is getting smaller. Many people are still waiting with light positions, looking for entry opportunities. Currently, prices of 116,000 and 112,000 for Bitcoin are good opportunities to gradually enter at lower levels. After the short-term indicators recover, a new round of upward movement will begin, and there are still many positive catalysts ahead. Bitcoin at 125,000-127,000 and Ethereum near 4868; those holding coins can take some short-term profits while maintaining long-term positions.
The short-term sentiment in the altcoin market is quite conflicted and helpless, following the decline rather than the rise. The trends of mainstream coins and altcoins are also beginning to diverge. Coins like sol, bnb, and ada are still in the third wave of upward movement, but the meme sector has clearly experienced a fourth-wave correction, which is the result of the existing funds in the market. Currently, during this back-and-forth fluctuation, everyone should just hold on and patiently wait for the right opportunity to sell.
Overall, Sister Bei thinks this is not necessarily a bad thing; opportunities brew within risks. The market often erupts in hesitation and silence, and when market sentiment is high, it can actually be a risk. As for when it will explode, it requires a catalyst. Fortunately, Sister Bei still has over 30% of her position in the sol sector this week, so she doesn’t just have to watch others' holdings rise dramatically. This week, she sold some ray at 4.1. It seems the sol sector has also started; if there are low entry opportunities, she plans to be bold and increase her position.
This week's total market value of holdings has decreased by 260,000 compared to last week, with a floating profit of 390,000 and a return rate of 24%. The total position is 90%, with the largest holding still being pepe. The strategy for pepe remains the same: buy low at 1000 and sell high at 1400 within the triangular convergence area, leaving everything to time.
$PEPE $SOL $RAY #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #币安钱包TGE #加密市场回调 #比特币财库公司增持策略
