According to the current liquidation map, the market remains dominated by bears. Based on the current Bitcoin price around $116,800, if the market fluctuates up or down by $2,000, rising again to around $118,800, the cumulative liquidated short amount is expected to be about $6.9 billion. Conversely, if the market drops to around $114,800, the cumulative liquidated long amount is expected to be about $1.6 billion. Yesterday, $131 million flowed out of Bitcoin spot ETFs, while $195 million flowed into Ethereum spot ETFs.
In terms of market direction, the daily chart is overall in a sideways consolidation leaning toward a short-term focus on whether the market will break below the consolidation range, and Ethereum's unilateral upward trend during this time has also driven the rebound of altcoins. Of course, the current unilateral upward trend of Ethereum is still ongoing, but it is important to note that there are many shorts accumulated above Ethereum that need to be monitored.
I personally believe that the focus should be on the overall market trend next; once the market breaks below the consolidation zone, Ethereum’s unilateral upward trend will also likely come to an end. Therefore, close attention should be paid to the market's next moves.
3 cryptocurrencies set to soar 10 times!
1.WIF
Dogwifhat (WIF) has become the focus this week, with its price soaring 10.85% in just 24 hours, trading at $1.23. Such an increase reflects not only market enthusiasm but also strong momentum. The token's daily trading volume surged 175.7%, now exceeding $1.15 billion, undoubtedly indicating robust demand. Additionally, its high liquidity score (trading volume to market cap ratio of 1.77) confirms significant capital inflows and outflows, strongly indicating investor interest and flexibility.
WIF may essentially just be a meme coin, but recent developments indicate it should not be overlooked. Six days ago, it listed on nine of the world's top ten exchanges, a rare achievement that proves its growing legitimacy. Although the average listing time is 129 days, much longer than most exchanges, this broader accessibility is likely driving the recent surge.
Interestingly, Dogwifhat operates without staking, burning, or complex tokenomics. Its supply is fixed at just under 1 billion, and all of it is in circulation. Over the past 30 days, Dogwifhat has been in an uptrend for 57% of the time, with volatility remaining within a manageable range of 13%. Although the price is 8% lower than the 200-day moving average, it still shows resilience. Currently, Dogwifhat's price is down 52% from a year ago, far below the historical high of $4.80.
The attraction for investors to invest in WIF is not its practicality, but rather community hype, liquidity, and the influence of meme culture. It is ideal for high-risk traders seeking quick action rather than fundamental utility. Those thriving in high-volume, sentiment-driven speculative markets will find WIF particularly captivating. Nevertheless, its long-term performance lags behind most top assets, which is worth noting.
2.APE
Following the dazzling rise of Catcoin driven by influencers, ApeCoin has once again become the focus of attention due to its more robust infrastructure and equally impressive performance. In just the past 24 hours, ApeCoin has risen by 9.5%, with trading volume surging over 254%, indicating a growing interest in it. Currently, the token price is $0.758, up 24.3% in just two weeks and 22.9% in a month, showing a steady recovery momentum, despite only 57% of the days in the past 30 days closing with gains.
Unlike Catcoin, which thrives purely on social hype, ApeCoin is a governance pillar of the Bored Ape Yacht Club ecosystem. Its role goes far beyond speculation; it grants holders the right to vote on DAO proposals and shape the future of the community. However, its significance is far beyond governance. APE not only opens access to exclusive games and services but also provides entry for third-party developers building on Web3 platforms. This real-world utility, combined with high liquidity and listings on Binance, KuCoin, and Kraken, makes APE much more than just an ordinary meme coin.
Nevertheless, the fundamentals still present a mixed picture. ApeCoin's trading price is down 8.91% from its 200-day moving average, with a year-on-year price drop of 9%. Despite recent bullish fluctuations, long-term market sentiment remains cautious. The fear and greed index is at 71, suggesting potential overconfidence in the market.
For investors, ApeCoin is in a middle ground. It attracts those who value structure, governance, and community-driven development while also seeking volatility. Unlike purely speculative meme coins, ApeCoin combines functionality with brand appeal. While it may not be as wild as Catcoin, its practicality, exchange influence, and integration with DAO give it a more solid position among the most investable meme coins currently.
3.JASMY
Jasmy has surged 66.43% in the past 30 days, with an 18.24% increase in just the last 24 hours, becoming the focus of media attention. Trading volume has increased over 500%, mainly due to whales hoarding coins. Recent data shows that more than half of the token's circulating supply was transferred to whale wallets in July, significantly reducing the available supply on exchanges. Given that reserve levels are at their lowest since 2024, if demand remains strong, this supply tightening could lead to greater upside potential.
From a technical perspective, Jasmy is in a bullish trend. The RSI indicator is at 70, indicating that the asset is overbought, which also reflects strong price momentum. The MACD indicator is bullish, and the recent price action has broken through key resistance levels. The double bottom pattern is another significant reversal signal, with traders focusing on Fibonacci target levels in the range of $0.0226 to $0.024.
The altcoin season further propelled this wave of increases. The altcoin season index has surged to 58, while Bitcoin's dominance continues to decline, indicating that investors are shifting funds towards altcoins. Overall market sentiment is also positive, with the fear and greed index reaching 68. Investors are clearly in a risk-on mode, and Jasmy is benefiting from this.
Fundamentals are also very important. Jasmy's vision of combining IoT infrastructure with blockchain is gaining increasing attention. If the project can translate its ideas of mixing artificial intelligence and blockchain into tangible business applications, it could spark a new wave of investor interest. Currently, market momentum, supply dynamics, and technical strength all support further upside.
Brothers, gather in the chat room now: