The cryptocurrency market is currently showing an increased volatility, with an overall cautious sentiment. 💹 Ethereum (ETH) has continuously shown a negative premium on Coinbase for the first time since April this year, indicating a rise in bearish sentiment, with ETH falling below the $3600 mark, accompanied by an average funding rate of only 0.0012% over the past 8 hours across the network, showing a lack of bullish momentum. On the Bitcoin (BTC) side, the average funding rate across the network over the past 8 hours is 0.0032%. Matrixport predicts a potential weak consolidation period in August and September, with $653 million in liquidations across the network in the past 24 hours, mostly from long positions, reflecting short-term selling pressure. 📉 On the other hand, positive signals are emerging: a large influx of USDT into Binance (such as $40 million and $228 million), and Ark Invest purchasing $6.93 million in Figam, indicating continued institutional investment. Huaxing Capital plans to expand its Hong Kong license and increase investments in on-chain ecosystems and RWA, while the Billions platform secured $30 million in financing (with participation from Polychain), supporting the development of industry infrastructure. Japan's Metaplanet issued perpetual preferred shares, and Cemtrex bought $1 million in SOL, further enhancing market confidence. 📈 U.S. non-farm payroll data is about to be released, which may impact the Federal Reserve's interest rate decision in September, potentially keeping cryptocurrency assets in a state of fluctuation in the short term. Investors should be cautious of the blockchain effect brought by Coinbase's pre-market stock drop of 11%, and it is advisable to control positions and pay attention to airdrop opportunities like the MOMOFUN and MIA launched on Binance Alpha. Overall, the market is in a 'bottoming' phase, with opportunities emerging amid volatility. 🚀