Today's panic index is 46, indicating a state of panic.

In the short term, Bitcoin has lost its bullish trend. However, the $100,000 to $105,000 range is a potential support level. It is still an ideal phase to continue accumulating.

Today is a holiday in the U.S., and the stock market is closed, so it's rare to see a pure crypto event affecting the market. The trends of other mainstream coins and market sentiment can serve as a barometer for the current crypto space. Let's see if the market will experience the 'TRUMP Coin liquidity drain effect': Trump Coin pulling liquidity, leading to poor performance of other coins. Recently, the market has started to show signs of decline, especially BTC, which has historically dropped in August. Hopefully, WLFI can bring some positive impact to the market.