The market lacks hot spot support, and the mainstream coins are weak. BTC volatility is still at a high level, coupled with the reduced activity on the ETH chain, in the short term, the crypto market is still dominated by fluctuations.

As an efficient and convenient trading tool, Dex Trading Bot has shown great potential and appeal in the cryptocurrency market.

“When the wind changes in September, add to your position immediately; when the market peaks in October, cash out and leave; wait for the right opportunity and come back next year…”

The global risk reversal caused the BTC price to quickly fall below the key support level of 58-59k, causing stop-loss orders to be triggered, leading to a drop to the main support level of 50k.

Bitcoin just experienced the impact of the macro market last week, and it was consolidated around 60,000-61,000 over the weekend. From the perspective of options, the price fluctuation broke the previous short-term tranquility, and the impact of the release of macro data was also amplified.

What the Ethereum ecosystem needs to consider at this moment is not to reshape DeFi Summer, but to get out of the haze of pure DeFi culture.

BTC ended its rebound and plummeted over the weekend. The gas on the ETH chain dropped to 1gwei. The market is extremely lacking in hot spots. In the short term, there is a possibility of a second decline in the market. However, the BTC reserves of centralized exchanges have fallen to a five-year low and whales continue to hoard BTC during the decline. The long-term outlook is still bullish.

Despite a turbulent start to last week, U.S. stock index futures returned to their previous week’s close on Friday. ETFs have seen disappointing inflows recently, especially ETH, which has seen a net outflow of $400 million since the product launched on July 24.

Justin Sun: Participating in the WBTC project only provides strategic support and does not affect the security and decentralized core of the project; OKX Star: If it is poisoned by a Tornado Cash-related address, it will not affect the use of the account after verification.

Since users were asked to migrate off the mainnet, it is now almost impossible to see L2 being able to return to the sustained ETH burning levels seen before Dencun.

The TON ecosystem has been very popular recently, and various mini-games on TON have emerged one after another. I wonder if you have played them. As an L1 chain, how is TON different from other chains? What are its advantages? What can ordinary people do on TON?

In the past week, the prices of Bitcoin and Ethereum fell sharply on August 5, when the volatility and trading volume of these two cryptocurrencies reached a peak. The volume of open contracts decreased significantly, while the implied volatility increased simultaneously. Bitcoin's funding rate continued to decline, which may reflect the weakening interest of market participants in its leveraged trading. Market breadth indicators show that the prices of most cryptocurrencies fell, and the entire market continued to be under pressure. In addition, the non-agricultural data was significantly lower than expected, which pushed the mainstream currencies to continue to decline for several days after the data was released.

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In the past 24 hours, the cryptocurrency market has focused on two focuses: why did IV collapse, and why did it rise? The rise in coin prices has led to a rebound in Vol Skew, and the massive sell-off on the bearish side has significantly increased the slope of BTC from October to the end of the year.

Although the recent U.S. economic recession expectations have eased, macroeconomic and geopolitical risks remain. Bitcoin is expected to continue to fluctuate widely before the Fed cuts interest rates. Investors should remain cautious, but can keep an eye out for rebound opportunities.

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