According to TechFlow, the market has been volatile over the past month, with asset prices falling. External selling pressure in early July caused a sharp drop in daily contract positions. The market stabilized on the basis of macro data on Friday and rebounded on Saturday.
Bitcoin is supported near the miner cost line, forming a diffusion consolidation structure, and has not fallen below the upward trend. We believe that interest rate cuts are inevitable this year, and $50,000 is a good position for chip reabsorption. The short-term volatility of altcoins has increased, but no reversal trend has been formed.
The ETH ecosystem and Defi sector are weak, ETH has been unable to rebound, and has been in a state of net issuance for a long time. The net inflow of BTC ETF funds is 50 billion US dollars. The ETH ETF is less attractive and its price performance is not as good as BTC.
The SOL ecosystem is strong, and SOL is effective at the $120-130 support level. Multicoin Capital donated 1M SOL to the Sentinel Action Fund. In the SOL ecosystem, $JUP and $JTO as well as some meme coins are worth paying attention to.
The AI sector performed generally, but as a main line of speculation, it still needs close attention. The leading projects are TAO and RNDR.
