According to BitMart's July 31st market report, the total cryptocurrency market capitalization is approximately $3.89 trillion, up 0.61% from the previous day. BTC experienced a significant correction, with its price plummeting from around 119,000 USDT to a low of below 116,000 USDT. This decline was accompanied by a significant increase in trading volume, indicating strong selling pressure. After hitting its low, BTC quickly stabilized and rebounded, currently trading above 118,000 USDT. Yesterday, BTC ETFs saw a net inflow of $12 million. Ethereum prices formed a new consolidation range between 3,760 and 3,840 USDT. Yesterday, the ETH ETF saw a net outflow of $14 million. The altcoin market as a whole showed clear structural differentiation, with the Fear and Greed Index currently at 62. BitMart X Insight data shows that current cryptocurrency market sentiment is extremely optimistic (index +92). The crypto market's social media presence is high, with an average SSI of approximately 72. ETH (83.58) is dominated by institutional inflows, while TRUMP (71.5, +6.32%) is active. However, most cryptocurrencies have low KOL attention, with sentiment concentrated among the top investors. The crypto market is facing extremely high alert levels, with the top ten cryptocurrencies all showing 100% social media anomaly scores. Investors are advised to be wary of market overheating and high volatility.