Market Analysis: Progress in Crypto Assets Regulation and Institutional Fund Inflows Drive the Market Pump

Under the current macroeconomic environment, the independence of U.S. monetary policy faces potential challenges. The market is concerned about the influence Trump may exert on the Federal Reserve, fearing that this could undermine the Fed's independence and trigger the risk of uncontrolled long-term inflation expectations. Wall Street has begun to lay out "hedging strategies" to cope with potential policy changes.

In the crypto assets market, Ethereum has shown strong performance recently, with prices surpassing $3600. Analysts believe there are three main driving forces: the U.S. crypto assets legislative process, institutional funds flowing in through channels like ETFs, and the decline of Bitcoin's market dominance. Ethereum's robust DeFi and smart contract ecosystem provides long-term value support.

After hitting a new high last week, Bitcoin has experienced fluctuations, with prices oscillating between $115,000 and $123,000. Analysis indicates a significant amount of buy orders in the $114,000 to $116,000 range, and a drop below this level could trigger stop-loss liquidations. Some predictions suggest that the peak of the Bitcoin cycle may occur in the range of $133,665 to $151,539. There is a clear divergence in the options market, with bearish traders positioning for put options in the $100,000 to $110,000 range, while bullish traders are constructing call options as high as $190,000.

After Ethereum broke through the resistance range of $3,250-$3,500, the short-term target points to $4,000, which may liquidate $331 million in short positions. However, the current overbought status of the RSI also warns of a pullback risk. Institutional funds continue to flow in through ETFs, providing fundamental support for the rise.

On other aspects, Conflux announced the launch of version 3.0 in August and jointly developed a blockchain SIM card, with CFX rising 150% in a single day. After being renamed Base App, Coinbase Wallet integrated the Zora protocol, and the ZORA token rose by 77.7%.

Key Data

• Bitcoin Price: $118,604, Year-to-Date Rise 26.73%
• Ethereum price: $3,773.44, year-to-date rise of 13.13%
• Fear and Greed Index: 72 (Greed)
• Market Share: BTC 60.1%, ETH 11.6%
• Total liquidation amount in 24 hours: 356 million USD

ETF Capital Flow

• Bitcoin ETF: +$363 million
• Ethereum ETF: +$403 million

Market Outlook

• A trading platform will remove the seed labels of multiple tokens on July 21.
• Trusta.AI will be launched on multiple platforms on July 21.
• Bittensor will unlock approximately 210,000 coins on July 21.
• The White House Digital Asset Market Working Group is expected to release its first Crypto Assets policy report on July 22.
• The Federal Reserve will hold a meeting on bank capital.

Top 100 by market cap with the largest rise: Conflux (CFX) rose 93.3%, dogwifhat (WIF) rose 15.3%, JasmyCoin (JASMY) rose 14.9%.

Hot News

• AVAIL, VENOM, ALT and other tokens will face a large unlock.
• Pump.fun will distribute PUMP airdrop on July 24.
• The giant whale "The White Whale" made nearly 30 million dollars in profit by going long on ETH and SOL in the past week.
• Ethereum rises to last December's high, with over 75,000 people liquidated in the crypto assets market in the last 24 hours.
• The NFT trading volume in the past 7 days rose by 29% to $159.6 million.
• Financial instrument platform Aether Holdings plans to raise $40 million, most of which will be used to purchase Bitcoin.