Data Analysis:


From the current clearing map, looking at the market and Ethereum, it is mostly dominated by bears.
The current price of Bitcoin is $117,300. If it rises to $119,300, approximately $978 million in short positions are expected to be liquidated. If it falls to $115,300, approximately $1.16 billion in long positions are expected to be liquidated.

The current price of Ethereum is $4450. If it rises to $4550, it is expected to liquidate about $1.26 billion in short positions. If it falls to $4350, it is expected to liquidate about $800 million in long positions.

ETF Fund Flows (Yesterday)
BTC Spot ETF: Net outflow of 128 million USD
ETH Spot ETF: Net Outflow of $125 million
Market View:
Market Direction: Short-term oscillation biased towards a downward horizontal trend. From the current market movement, the overall trend of the market and Ethereum on the 4H chart is still somewhat oscillating downwards, with very weak rebound strength. The overall performance of altcoins is similar, with a generally weak rebound. Market sentiment has also entered a neutral state, mainly in a wait-and-see mode. Unless there are unexpected developments at the end of Saturday, it will primarily remain in oscillation. In the short term, pay attention to the market around 116000 to see if it can hold. Once it breaks below, it will only accelerate the decline again.

As for the latest situation regarding the Russia-U.S. talks, the talks have concluded with a consensus but no agreement reached. The market reaction has been modest because more details have yet to be revealed. However, overall, the talks went relatively smoothly, and further attention is needed moving forward.

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BTC-2.89%
ETH-6.59%
SOL-6.57%
GT-4.24%
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TheManFromQiWorriesvip
· 08-16 13:06
PIJS ecosystem accelerates, developer applications surge, and the emerging Web3 track is flourishing!
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Arkangelzvip
· 08-16 00:56
Bull Run 🐂
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