双椰拿铁o

$ETH
The ETH trend at 8.11 remains unchanged

Pay attention to the 2H, 3H, and 4H pullbacks. Currently, it is a one-sided trend at the 45F level.

Upper levels: 4326, 4378, 4412

Lower levels: 4220, 4167

Do not act without clear patterns; do not open positions without stop-losses.

(The above content is for reference only and does not constitute any investment advice.)

$BTC
8.11 BTC Daily Level Golden Cross

12H Breaks Above Currently Moving at 1H Level

Resistance Levels: 119800 121400 122700

Support Levels: 118600 118200 117600

Do not act without a clear pattern, do not open positions without stop-loss

(The above content is for reference only and does not constitute any investment advice)

Intraday support and resistance reference #BTC #ETH

Bitcoin's market share has fallen below 60%
According to news from the cryptocurrency community, Bitcoin's market share has recently dropped significantly, declining by 5.8% in a single week to below 61%, marking the largest weekly drop since June 2022 and also reaching the lowest level since March 2025. Subsequently, Bitcoin's market share continued to decline; according to Golden Finance, on July 25, its market share had fallen to 60.76%.
The decline in Bitcoin's market share below 60% can be attributed to the following reasons:
Emergence of new cryptocurrencies: With the development of smart contract platforms like Ethereum and the surge of numerous emerging cryptocurrencies, investors now have more options for their funds, leading to an increasing trend of capital diversification, which directly challenges Bitcoin's dominant position in the overall cryptocurrency market.
Changes in market sentiment and risk appetite: As Bitcoin's price rises to a certain extent, investors' risk appetite increases, prompting them to seek assets with higher returns. Funds gradually flow from Bitcoin to altcoins and other cryptocurrencies, resulting in a decline in Bitcoin's market share.
Impact of regulatory policies: Potential pro-crypto policies introduced by the Trump administration may clarify the legal status of digital assets, seen as a "green light for institutional capital to enter the cryptocurrency market." Once institutional capital enters the market, the dynamics of the cryptocurrency market change, and retail investors may seek investment opportunities with higher returns, promoting the development of other cryptocurrencies and affecting Bitcoin's market share.
The fall of Bitcoin's market share below 60% may have the following effects on the cryptocurrency market:
Initiation of altcoin rallies: A decline in Bitcoin's market share often signals the onset of "altcoin season," indicating that the prices of major altcoins may rise significantly and outperform Bitcoin. Some analysts predict that when Bitcoin's market share falls below 58%, it will mark the beginning of altcoin season.
Increased market volatility: The correlation between Bitcoin and other cryptocurrencies may change, potentially leading to increased market volatility and triggering a chain of liquidations in leveraged positions. Historical experience shows that a decrease in Bitcoin's market share is usually a precursor to heightened market volatility, often accompanied by large-scale liquidation waves.
#比特币

Intraday support and resistance reference #BTC #ETH

💵 Stablecoin issuers hold hundreds of billions in U.S. Treasury bonds

As a key bridge connecting digital assets and traditional finance in the cryptocurrency market, the management of reserve assets by stablecoin issuers has garnered significant attention. In recent years, leading stablecoin issuers (such as Tether and Circle, the issuer of USDC) have seen the scale of U.S. Treasury bonds they hold continue to rise, with some exceeding $100 billion. This phenomenon reflects the maturation of the stablecoin industry and reveals its deep ties to the traditional financial system.
Market Size and Reserve Structure

• The global stablecoin market value has reached $260 billion, accounting for 8% of crypto assets
• Tether holds $120 billion in U.S. Treasury bonds, surpassing multiple sovereign countries
• Circle (USDC) holds over $22 billion in U.S. Treasury bonds
• Approximately 80% of the stablecoin industry's reserves are allocated to U.S. Treasury bonds

Policy Drivers and Institutional Participation
• The GENIUS Act requires 1:1 reserves for payment stablecoins, allowing U.S. Treasury bonds to qualify as assets within 93 days
• European bank Société Générale has launched the CoinVertible product
• Ant Group, JD.com, and other tech companies are focusing on the Hong Kong stablecoin market
• The high liquidity and low-risk characteristics of U.S. Treasury bonds enhance the credit backing of stablecoins

Trading Opportunities
• Monitor the relationship between U.S. Treasury yield and stablecoin premium/discount (currently 0.15%-0.25%)
• Track the impact of reserve structure adjustments prior to the implementation of the GENIUS Act on short-term Treasury bonds
• Extreme volatility in BTC/ETH may trigger on-chain liquidity rebalancing

Market Sentiment
• 73% of users believe that U.S. Treasury reserves enhance the credit rating of stablecoins
• Some express concerns over concentration risk in Treasury bonds (USDT holdings account for 5.7% of the market)
• Attention to the trend of tokenizing RWA and innovations related to U.S. Treasury bonds
#Tether #美债

The total market capitalization of cryptocurrencies has surpassed 4 trillion USD, with a 24-hour increase of 1.7%.
According to BlockBeats, on August 9, based on CoinGecko data, the total market capitalization of cryptocurrencies increased by 1.7% within 24 hours, surpassing 4 trillion USD, currently reported at 4.021 trillion USD.
The 24-hour trading volume in the cryptocurrency market reached 137.7554 billion USD.

Federal Reserve Considers Bitcoin Reserves
Market Trends Highlights
• Bitcoin price rebounded from the low of late July to over $117,500, with a weekly increase of 4.9%
• Current price is $116,650, with a technical pattern showing a bullish flag breakout
• Trading volume stabilized at $57 billion, accounting for 58.25% of the cryptocurrency market
Policy Environment Changes
• Trump nominates crypto supporter Stephen Moore to the Federal Reserve Board
• Federal Reserve considers establishing a Bitcoin strategic reserve through valuation gains from gold reserves for the first time
• White House releases the first crypto policy report, clarifying the regulatory framework
Institutional Capital Trends
• Institutional investors net bought 30,000 BTC within 48 hours at the end of July
• Harvard University invested $116 million to purchase Bitcoin ETF
• Mainstream financial institutions are forming a consensus that Bitcoin is a new type of reserve asset
#美联储比特币储备

Ethereum breaks through the $4000 threshold to reach a new high!
• ETH broke through the $4000 threshold, reaching a new high of $4216, up 3.5% in 24 hours, and up 50% for the month
• Market capitalization reached $501.6 billion, with a trading volume of $47.69 billion, and the current price is 85% of the historical peak
• On-chain activity has surged, with a daily transaction count of 1.87 million, close to historical peaks
Driving factors for the breakthrough
• Technological upgrade: After the Pectra upgrade, EVM parallel processing increased TPS to 387
• Institutional entry: IVD Medical included in treasury allocations, Fundamental Global established a $5 billion special fund
• Regulatory clarity: Implementation of the EU MiCA bill, accelerated approval process for US ETFs, long-short ratio rose to 1.87:1
#ETH突破4000

Intraday support and resistance reference #BTC #ETH

📝This is the support and resistance chart for the cryptocurrencies we will discuss in tonight's live stream. The market is quite volatile, so please be mindful of investment risks. Manage your positions well and learn to wait for the right opportunities. Thank you for your continued support.
📢It is important to clarify that all cryptocurrency analyses mentioned in the live stream represent personal opinions and do not constitute any investment advice!#ETH #BTC

Renminbi Stablecoin Program

Policy Development Dynamics
• China's first "Rare Earth Specific Renminbi Stablecoin" officially launched, utilizing a 1:1 fully backed Renminbi mechanism
• Shanghai regulatory authorities support stablecoins in cross-border payments and RWA applications, but emphasize compliance requirements
• Hong Kong has passed the "Stablecoin Regulatory Framework Bill", providing a legal framework for offshore Renminbi stablecoins

Market Performance Indicators
• The global stablecoin market is expected to exceed $1 trillion by the end of 2025
• Offshore Renminbi (CNH) pegged stablecoin on-chain transaction volume increased by over 35% week-on-week
• Related projects such as Conflux ecosystem tokens have seen significant price increases

Investment Opportunity Analysis
• Cross-border payments: Utilize the interest rate differential between CNH stablecoins and other currencies for low-risk arbitrage trading
• Industry chain layout: Focus on blockchain activities of companies in strategic sectors like rare earths and new energy
• Long-term allocation: Renminbi stablecoins are expected to become a compliant entry point for domestic investors participating in DeFi

Future Development Trends
• A "dual-track parallel" pattern is forming: Digital Renminbi serves domestic scenarios, while stablecoins expand international applications
• Stablecoins will become an important tool for promoting the internationalization of the Renminbi
• Investors should pay attention to the interaction effects between the real economy and stablecoins, as well as the progress of regulatory rules
#稳定币

Key economic data and events to focus on today:
August 8, 2025, Friday
① To be determined: The ruling Liberal Democratic Party of Japan will hold a general meeting
② 07:50 Japan's June trade balance
③ 07:50 Summary of opinions from the Bank of Japan's policy board
④ 13:30 France's second quarter ILO unemployment rate
⑤ 15:00 Switzerland's July consumer confidence index
⑥ 20:30 Canada's July employment figures
⑦ 22:20 Federal Reserve's Musalem gives a speech
⑧ The following day 01:00 Total oil drilling rigs in the U.S. for the week ending August 8

$ETH
8.8 ETH market shows strength with a 12H golden cross and 8H breakout

30F 45F long positions (do not short)

Resistance levels at 4036 4098 4120

Support levels at 3881 3825 3770

Do not act without clear patterns and do not open positions without stop-losses

(The above content is for reference only and does not constitute any investment advice)

$BTC
Pay attention to whether BTC can form a golden cross on the daily chart on 8.8

6 8 12H have bottoms 1H hidden

Upper levels 117200 118300 119086

Lower levels 116700 115700 114400

Do not act without a clear pattern and do not open positions without a stop-loss

(The above content is for reference only and does not constitute any investment advice)

Intraday support and resistance reference #BTC #ETH

Trump Announces the Candidate List for the Federal Reserve Chair is Confirmed as Three
According to BlockBeats, on August 7, Trump stated that the interview process for the next Federal Reserve Chair has begun. The candidate list has now been confirmed as three individuals, and he added that they all come from Wall Street.