Data Analysis:


According to the current liquidation map, the market is currently dominated by short positions. Based on the current Bitcoin price around $117,700, if the market fluctuates by $2,000 up or down and rises again to around $119,700, it is estimated that the cumulative amount of liquidated short positions could reach approximately $1.02 billion. Conversely, if the market drops to around $115,700, the cumulative amount of liquidated long positions is expected to be around $1.184 billion.
The Bitcoin spot ETF had a net outflow of $83.4 million yesterday, while the Ethereum spot ETF had a net outflow of $5.1 million yesterday.

Market Opinion:
Market Direction: Mainly oscillating sideways. From the current market and Ethereum trends, the overall daily level is still primarily in a sideways oscillation. The market is currently more focused on the upcoming news, and it is important to be cautious of significant fluctuations. At the same time, most altcoins have slowly corrected downwards. The contract strategy for the overall market and Ethereum remains unchanged, focusing on short-term swings. Additionally, pay close attention to news regarding the China-U.S. trade negotiations. If substantial progress can be made, it will be favorable for various financial sectors in China and the U.S., and efforts should be made to avoid significant oscillations again.

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BTC-1.15%
ETH-2.73%
GT-3.52%
SOL-1.41%
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456BUvip
· 07-30 00:46
This is quick updates to everyone!!! This time bounce back of BTC & ETH next to impossible until weekend. Stay away from high leverage trading and save your capital to buy with 14- 18% discounted price on coming days. If this information is helpful then…👍share and follow me!!!
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