Today's Cryptocurrency Market Deep Report August 7, 2025
🌐 In-depth analysis of global market indicators
Total market cap: slight increase of 0.5% to $3.81 trillion, recovering some losses from the previous day. Notably, despite the market cap rebound, the fear and greed index only rises to 58 (still in neutral territory), indicating investor caution regarding the implementation of Trump's tariff policy early this morning.
Derivatives market: Liquidation volume drops to $320 million (from $950 million the previous day), with long positions accounting for 68%, indicating leveraged bulls starting to tentatively re-enter. BTC market share rises to 59.7%, hitting a 30-day high, as the trend of capital seeking refuge in core assets continues to strengthen.
⚡️ Core asset panoramic scan
1. BTC technical breakout
Price holds at $114,200 (+0.25%), successfully reclaiming the psychological support level of $113,000
On-chain key signals: Miner holding index skyrockets to 86 (30-day peak), with a net inflow of 4,200 BTC into miner wallets in the past week, suggesting significant reduction in selling pressure
Options market: $120,000 call options open interest surges by 37%, betting on a breakout within the week
2. Progress on ETH ecosystem restoration
Current price $3,520 (+0.9%), death cross risk initially resolved: The difference between the 50-day and 200-day moving averages narrows to $12 (from $48 the previous day)
L2 network TVL surpasses $42 billion milestone, among which:
→ Arbitrum dominates with $19.8 billion (weekly growth of 11%)
→ Base network sees new $2.7 billion locked due to Coinbase ecosystem incentives
Staking liquidity improves: Validator exit queue drops to 3.2 days, backlog issues post-Shanghai upgrade are mostly resolved
3. Change in stablecoin landscape
USDT monthly issuance increases by $4 billion (total circulation $136 billion), mainly flowing to Asian OTC markets
USDC OTC premium falls to 0.3%: Impact of new Hong Kong regulations weakens, but compliant exchanges still face a 20% liquidity gap
📶 Extreme sector differentiation map
📉 AI sector under pressure:
Leading project Render (RNDR) falls by 3.2%, directly impacted by NVIDIA's Q2 earnings report: Its AI chip revenue of $18.9 billion falls short of the expected $21 billion, triggering a reevaluation of computing power token valuations
Bittensor (TAO) on-chain activity drops by 40%, intensifying the trend of developers migrating to new public chains
📈 RWA track explosion:
Ondo (ONDO) surges by 8.7%, BlackRock's dollar reserve pool scale surpasses $500 million (30-day growth of 220%)
Total TVL of real asset tokenization protocols reaches $17.8 billion, with U.S. Treasury products accounting for 61%
📉 Meme coins retreat:
Dogwifhat (WIF) experiences concentrated whale sell-off of 23 million tokens (approximately $46 million), on-chain data shows the selling accounts are linked to market maker Wintermute
PEPE single-day liquidation of $17 million, high leverage positions liquidated at a rate of 73%
📈 DePIN hardware revolution:
Hivemapper (HONEY) skyrockets by 12.3%, Amazon officially lists its in-vehicle measurement #Crypto #Bitcoin #Market