On August 1st, the All In Podcast discussed the recent leveraged liquidation of the South Korean stock market, pointing out that about 1 million leveraged accounts, accounting for approximately 3% of the total population of South Korea, are at risk of liquidation.
Click on the link to enter the meeting: https://meeting.tencent.com/p/9850662513 1、 Today's news breakdown Positive factors 1. The significant weakening of ADP small non farm data brings bottom support Yesterday's ADP employment data was significantly lower than expected, reflecting a cooling of private employment. The market lowered the probability of a rate hike in September, limiting the deep downward space of the cryptocurrency market. Undertaking forces exist below. Although the price sub item of ISM service PMI is still high, there is no complete reversal of the signal of employment cooling. 2. The continuous outflow of spot ETFs has ended, and there are signs of backflow The BTC spot ETF has ended several days of continuous net outflows, with a temporary net inflow. Institutional funds have engaged in buying at low prices, providing a bottom line for the market. However, the scale of funds is not huge and has not yet formed a sustained inflow market. 3. The geopolitical situation has not further deteriorated The Middle East conflict maintains the status quo, without a new round of large-scale conflicts breaking out, and there has been no risk aversion market. The overall sentiment of risk assets is stable. 4. There was no panic selling on the market The overall market maintained a range of fluctuations, with buying orders taking over after the sharp decline. There was no collective collapse of altcoins, and the stock game pattern continued. Negative factors Multiple Federal Reserve officials collectively release hawkish speeches, suppressing bullish expectations Officials from Cook, Kashkari, and Daley collectively stated that the risk of inflation remains high, and if inflation cannot fall back, it is not ruled out that interest rates will continue to rise in the future; Emphasize that weak monthly employment data should not mislead, as stubborn inflation is the biggest risk. 2. ADP and ISM data are contradictory, and the market dare not directly bet on a one-sided long position ADP employment has cooled down, but the stickiness of prices in the service industry remains. There are significant differences in market judgments on subsequent policies, and there is a strong wait-and-see sentiment among funds. A rebound will lead to selling pressure, making it difficult to break out of a sustained surge in prices. 3. The market trading volume has shrunk, and the profit making effect is weak The overall trading volume of the market is sluggish, the rebound height is limited, small currencies rotate quickly, and most currencies follow the market fluctuations, lacking sustained market trends in the sector. 4. Short term no voting window for US encryption bill The progress of legislative advancement is slow, with no short-term benefits and a lack of policy level catalysts. Today's Market Summary The news side is slightly bearish, but there is data support below, and the overall situation is in a wait-and-see period before non farm payroll. The market dare not go long on a large scale, and there is not enough bearish sentiment to initiate a sharp decline, all waiting for tomorrow's non farm payroll to give direction. There will still be speeches by Federal Reserve officials in the evening, which will bring short-term small fluctuations, but will not change the overall situation. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
The Bitcoin options market shows a bearish bias, mainly due to the implied volatility of call options being at a historical low of 23%. There is currently a lack of buying demand for the rising trend of Bitcoin in the market. （glassnode）
PeckShield monitoring shows that an attacker on the Base chain stole approximately 500000 USDC from an address, and was subsequently ambushed by MEV robots due to insufficient protection against slippage. As a result, they profited from approximately 67 WETHs worth around $129000. （PeckShieldAlert）
[Bob Elliott: Signs of a Bubble in the AI and Chip Market] According to Bloomberg, Unlimited Funds CEO and CIO Bob Elliott stated that the market FOMO in the AI and chip sectors is exhibiting 'typical bubble-like activity' and warned about market leverage levels.
[Summer Mersinger: The Clarity Act Aims to Promote Competition and Compliance] According to CoinDesk, Blockchain Association CEO Summer Mersinger published an article refuting The Wall Street Journal's misinterpretation of the Clarity Act. Summer Mersinger pointed out that the Act prohibits stablecoin rewards equivalent to bank deposit interest but allows reward mechanisms based on user activity. The Act requires the SEC to establish rules for nominally decentralized protocols, includes digital commodity brokers under the reporting obligations of the Bank Secrecy Act, and allocates $3 billion to support state-level law enforcement. Section 10505 of the Act explicitly states that securities settled on the blockchain remain under SEC jurisdiction.
