🌐 In-depth analysis of global market indicators
Total market value: up 2.95% in one day to $4.07 trillion, reaching a new high for the year, fear-greed index surges to 75 (greed zone, +7 points in one day), market FOMO sentiment significantly heats up.
Derivatives risk accumulation: daily liquidation amount reaches $5.01 billion (a record high), involving over 117,000 traders, of which 60% are short positions, with Binance and OKX as the main liquidation platforms.
Stablecoin dynamics: USDC circulating supply increases by 90% year-on-year to $61.3 billion, but daily net redemption of 380 million tokens, Asian OTC premium rebounds to 1.2%, liquidity pressure emerges.
⚡️ Core asset panoramic scan
1. ETH leads the breakout of key resistance
Currently reported at $4,577.98 (24H +6.95%), approaching historic highs, trading volume surges 18%, market share rises to 13.7% (9-month peak).
Technical breakout: successfully standing above the key level of $4,300, analyst Ali Martinez bullish to $5,241, Arthur Azizov's long-term target $6,000.
Staking crisis relief: Lido sees a net inflow of $700 million in one day, validator exit time compressed to 2.1 days, APY rebounding to 4.0%.
2. BTC moderately rising
Currently reported at $119,575.71 (24H +0.47%), CME gap filled and supports at $117,430, but spot trading volume shrinks by 22%.
On-chain warning: profit supply accounts for 94.1% (historic high-risk zone), miners sold 6,200 BTC (about $720 million) in 7 days.
📶 Extreme differentiation map of sectors
🔥 Layer2 and DeFi lead the rally
Mantle (MNT) skyrockets 25.77%: ecosystem fund launches $2 million developer incentive, TVL increases 19% weekly.
Chainlink (LINK) surges 10.38%: launches 'Chainlink Reserve' service, L2 oracle costs plummet by 40%.
📈 AI sector strong rebound
Bittensor (TAO) +6.31%: decentralized computing power demand increases by 300% month-on-month.
Fartcoin (FART) surges 18.39%: Solana ecosystem meme coin stimulated by PUMP buyback plan.
📉 Concerns over stagnation in payment coins
XRP only rises 2.24%: although benefiting from SEC lawsuit ruling, funds are flowing towards high-yield sectors.
🌍 Macro financial tsunami
1. Cooling inflation ignites rate cut expectations
US July CPI year-on-year at 2.7% (expected 2.80%), Fed's rate cut probability in September soars to 94.3% (CME data), all three major US stock indices hit historic highs.
US dollar index plummets 1.9% (largest drop since 2009), gold breaks through $2,580/ounce, safe-haven assets link to the crypto market.
2. New order in geopolitical economy
China's counter-tariffs take effect: 300% export tax on US rare earths, Hong Kong Stock Exchange completes the first $50 million digital Hong Kong dollar rare earth settlement (takes 8 seconds).
Ruble exchange rate temporarily stabilizes at 102:1: Russian central bank urgently raises interest rates by 400 basis points to 18%.
🏦 Regulatory and institutional tug-of-war
🇭🇰 Hong Kong stablecoin breakthrough
HSBC launches HKD₮: reserve assets 100% in Hong Kong dollar deposits, becoming the first licensed institution.
Fosun International applies for a license: Guo Guangchang leads a team to meet with senior officials of the Hong Kong government, planning to rely on Xinglu Technology to layout RWA.
🇺🇸 US institutional actions
Grayscale registers Cardano/Hedera trust ETF: traditional asset management accelerates coverage of altcoins.
Citadel secretly builds a position: on-chain tracking shows its OTC address accumulated 41,000 ETH ($163 million), average price $3,978.
💼 Strategic adjustments of giants
MicroStrategy reduces holdings by 2,000 BTC ($232 million), cashing out to pay convertible bond interest.
Arthur Hayes sells 2,373 ETH ($8.3 million), while increasing holdings in ETH ecosystem tokens to $11.25 million.
🔎 On-chain dark flow monitoring
1. Whale portfolio differentiation
Jump Trading sells 3.8 million LDO ($11.5 million), confidence in the staking sector fluctuates.
14 Ethereum treasury companies hold 2.5 million ETH ($1.125 billion), accounting for 2.08% of the circulating supply.
2. Staking economy reconstruction
ETH validator active exits surge: 1,632 nodes left in one day (about 52,000 ETH), APY passively rises to 4.3%.
Cosmos ecosystem staking rate breaks 71% (ATOM annual inflation rate drops to 4.9%), enhancing anti-dumping capability.
3. Stablecoin hegemony cracks
Compliant stablecoins drop to 76% (USDT 42% + USDC 34%), Circle's net loss of $482 million drags down industry confidence.
Today's value insights:
"When the 94% rate cut probability ignites institutional FOMO, when $5 billion liquidation bloodbath washes away high-leverage shorts—
The market is rewriting the capital power map with the footprints of on-chain whales during the celebration of cooling inflation.