Matrixport report states that U.S. fiscal uncertainty is driving up hard assets, but BTC is consolidating in the short term, with historical weakness in August-September, and ETH ETF benefits not fully released.

Trump's $5 trillion debt ceiling plan has led to a 10% surge in U.S. debt, benefiting BTC as a hedge tool, but the market is in a wait-and-see mode during this policy vacuum.

ETH broke 3600 and fell 4.64%, U.S. stock market crypto stocks experienced widespread declines, institutional whales accumulated $900 million in ETH, while retail investors sold BTC.

I believe BTC is in the early stage of a bull market, expecting a rebound after a short-term consolidation, and I recommend holding ETH and increasing positions when the funding rate heats up.