With a majority of the total ETH supply locked in staking, bridges, and smart contracts, and less available on centralized exchanges, ETHUSD is more price sensitive to ETF inflows than BTC.

In the past 24 hours, the market witnessed a sharp plunge in BTC after the opening of the Asian session. The implied volatility of options was then significantly raised, forming an inverted pattern.

The non-agricultural employment data was slightly weaker than expected, continuing the recent trend of weakening US economic momentum. A large number of BTC futures long liquidations occurred on various exchanges, and even spot ETFs saw a large outflow of funds due to profit and loss protection.

The total value of the airdropped tokens is approximately hundreds of thousands of dollars, with $2.6 million in funds already involved, and an entry and exit loss of 2%.

The U.S. House of Representatives plans to hold a crucial vote next week on Biden's veto of SAB 121.

Over the past week, the prices of Bitcoin and Ethereum continued to fall, while the volatility and trading volume of these two cryptocurrencies reached the highest level during the decline on July 4. The open interest of Bitcoin and Ethereum has increased. In addition, the implied volatility of Bitcoin and Ethereum has also increased simultaneously. Bitcoin's funding rate remains at a low level, which may reflect the continued low leverage sentiment of market participants towards Bitcoin. Market breadth indicators show that most cryptocurrencies continue to fall, indicating that the overall market has maintained a weak trend over the past week.

Focus on on-chain data and review daily news.

Either wait for the next good news or make short-term operations and run quickly.

If you are preparing to buy at the bottom, do you know that all the big whales have run away?

The main trend among re-pledge platforms is the race to integrate as many assets as possible to support re-pledge.

Fat apps are the trend.

In terms of digital currency, the short-term positive news released at the macro level has not been able to dispel the haze hanging over the BTC price. The BTC price also fell below the extremely important psychological support level of $60,000 today.

The subsequent performance of the top L2 token will be inferior to ETH.

The market continued to fluctuate. Yesterday, Bitcoin briefly fell below $62,000 and is now hovering around $61,000.

Where is the next potential L2 airdrop opportunity?

Markets always react ahead of events.