Wu said that according to Greekslive, the US CPI data in July was slightly lower than expected, hitting a new low since March 2021. The market generally expects that this will push the Federal Reserve to cut interest rates by 25 basis points in September. Affected by this, both the US stock market and the crypto market fell, with ETH falling by more than 4%, showing weak price performance after the ETF was approved. Option data showed that short-term volatility fell further, the market favored put options, and the main transactions were concentrated in selling medium- and long-term deep out-of-the-money call options. Market sentiment was relatively sluggish and the rise was weak.