Today's market performance shows mixed trends:

1: The tokens leading in intraday gains are RAY and LDO, while ILV and CFX are leading the decline. Bitcoin's 4-hour candlestick chart shows increased selling pressure, the MACD histogram is extending negatively, and the KDJ has formed a death cross, with support at $114,756 and resistance at $118,009. Ethereum, on the other hand, is performing strongly, with a 24-hour gain exceeding 8%, the price standing above $4200, and the market cap surpassing $500 billion, pushing the total market cap of cryptocurrencies to break the $4 trillion mark again. In the past 24 hours, over 100,000 people in the cryptocurrency market have been liquidated, with a total liquidation amount close to $400 million. The largest single liquidation occurred in Ethereum, valued at $10.6284 million.

2. Japan's wave of Bitcoin assetization by companies: Japanese companies are launching a wave of Bitcoin treasury assetization, with Metaplanet Inc. already holding 17,595 BTC and aiming to accumulate 210,000 BTC by 2027. Beauty salon operator Convano also plans to collect 21,000 BTC. Additionally, companies such as clothing retailer Mac-House and textile manufacturers Kitabo and Toho Remac are also actively engaging in Bitcoin purchases or mining operations. This trend is driven by an improved regulatory environment in Japan, as the Financial Services Agency's new working group redefines crypto assets, potentially unlocking Bitcoin ETFs.

3. August popular token unlocks: This month's top token unlocks are expected to release tokens worth nearly $3 billion, although lower than in July, it remains one of the largest monthly unlock events this year. Key tokens such as SUI, ENA, APT, ARB, and ZRO dominate the unlock plans. For instance, SUI will unlock $214 million on August 1, and ENA will unlock $59.1 million on August 2. These unlock events may trigger market fluctuations while also presenting trading opportunities.