1. Overall Market Performance

    • After a correction, the crypto market has risen again, with 92 out of the top 100 tokens increasing, a total market cap of $3.8 trillion (a slight decrease of 2.1%), and a trading volume of $205 billion.

    • Market sentiment remains in the 'Greed Zone' (Fear and Greed Index 68), indicating a high willingness to invest, but caution is needed for overbought risks.

  2. Top Token Dynamics

    • Bitcoin (BTC): Up 1.1% to $118,233, rebounding above the key support level, with a fluctuation range of $116,103 - $118,315.

    • Ethereum (ETH): Leading the top 10 tokens, up 5.8% to $3,145, steadily climbing from $2,965 during the session.

    • Others: DOGE up 3.3%, TRX up 0.4%; PUMP leads the top 100 with a gain of 11.2%, FARTCOIN leads the decline with a drop of 4.6%.

  3. Key Signals of Capital Inflow

    • U.S. BTC spot ETF has seen net inflows for 9 consecutive days, with $403 million inflow on July 15 (BlackRock alone accounted for $416 million), totaling net inflows of $53.07 billion.

    • U.S. ETH ETF has seen net inflows for 8 consecutive days, with $192 million inflow on July 15 (BlackRock accounted for $172 million), with significant institutional accumulation (e.g., SharpLink purchased 6,377 ETH, holding nearly 312,000).

  4. Institutional Views and Potential Risks

    • Relying solely on capital inflows is insufficient to rapidly push BTC above $150,000; a widespread shift in institutional sentiment is needed; current selling pressure (profits taken by long-term holders) may limit gains, and the tightening macro environment also poses constraints.

    • Positive Support: The Moscow Exchange will launch a fund tracking BlackRock's Ethereum ETF, with institutional layouts continuing to deepen.

  5. Other Market Dynamics

    • Several U.S. crypto legislations failed to pass Congress on Tuesday, with key controversies including CBDC regulatory issues.

    • Billionaire Peter Thiel increased his holdings in Ethereum-related companies, with Cantor Fitzgerald planning to acquire 30,000 BTC (worth about $4 billion) through a SPAC merger.

#山寨季何时到来？