Recently, everyone has started predicting the bull market peak. In fact, the structure of this round of increase has completely changed and is unlike any previous period. The main driving force behind this bull market is external institutions. The buying and holding cycles of institutions are completely different from those of retail investors, so we need to analyze and view the market from the perspective of institutions;

On a macro level, there has been no change. Every time the market dips, institutions buy in at the bottom. Yesterday, the Bitcoin ETF re-entered a capital inflow mode, so I believe it is still early to talk about a bull market peak. With the rise of the overall market, it will continuously encourage older OGs to hand over their chips. This process can be understood as absorption and resistance. Once the chips are sufficiently exchanged, the overall market will continue to rise;

Before the interest rate cut in September, it is estimated that there will still be a wave of increase. The real retracement will only come after the interest rate cut expectations are realized, which will bring the time frame to October. There is a basic consensus in this round, which is that small coins cannot outperform large coins. Large coins are safer than small coins, so everyone should consider the leading tokens. Although these leading tokens have high market caps, they really appreciate when they rise, while small coins may not necessarily rise;

Bitcoin is currently testing the support level of $110,000 on the 4-hour chart. At present, the market shows psychological support, but continuous observation is still required;

Now let's discuss today's market highlights:

1. Hayden Davis is accused of associated addresses targeting YZY, with on-chain profits of about $12 million;

2. GALAXY, JUMP, and MULTICOIN are seeking to raise $1 billion to purchase SOLANA tokens; PS: The treasury of SOL is on the way, and next, we need to see the continuous financing ability of the treasury. After ETH, it is very likely that SOL will gain strength, so pay close attention;

3. The third phase of BuilderPad's ICO project, Lombard, is about to start. As a quality project in the Bitcoin ecosystem, and the third project on the BuilderPad platform, it is still worth paying attention to and researching. Whether one can participate completely depends on individual expectations;

4. WLFI: The token will officially start unlocking at 8 AM Eastern Time on September 1. Currently, the contract market price hovers around 0.2. After unlocking, it is estimated that there will be a wave of selling pressure. However, according to the current rules, the circulation of WLFI is not high, so after the selling pressure ends, the whale may enter a pump mode. Pay close attention;

5. The Bio Protocol's first BioAgent Launch project #Aubrai has been oversubscribed by 10.7 times; #加密市场回调 #特朗普罢免美联储理事库克