BTC According to recent weekly distribution data of $BTC, high-net-worth investors have continued accumulating, while smaller investors appear more hesitant and reactive to price movements. Signs of buying tops and selling bottoms are evident, with many retail holders offloading their positions. Meanwhile, the price has returned to around **$107,000**.

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Four Key Policy Events

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The “Great America Act” narrowly passed the Senate thanks to a key vote from Vance. However, due to discrepancies between versions, it still needs to go through a reconciliation process with the House.

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Trump vs. Musk Clash: The bill reignited tensions between Trump and Musk. This time, Trump took a more aggressive stance, publicly lashing out at Musk. Given SpaceX and Starlink’s heavy reliance on U.S. government contracts, Musk currently lacks strong leverage.

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Powell’s Speech: Fed Chair Jerome Powell made it clear that there will be no rate cut in July, but the window for a September cut is open. Trump immediately responded by calling Powell an “idiot” and even threatened to announce his replacement as early as next week.

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SEC ETF Regulation: The SEC is preparing to roll out a standardized framework for token-based spot ETFs, clarifying rules around NAV calculation, custody, service provider agreements, and governance structure. Regulatory implementation is clearly accelerating.

$BTC price remains relatively stable with solid support and low turnover rates. There’s no sign of panic in the market. Most believe the Trump–Musk conflict is just political drama with limited systemic impact. On the contrary, the passing of the “Great America Act” has raised expectations for potential fiscal stimulus.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Publicly Listed Companies Accumulate 245,510 Bitcoins in the First Half of the Year, More Than Twice the ETF Purchase Volume

2.US Stock Market Company Oblong Spends $1.65 Million to Increase Its TAO Holdings

3.Publicly Listed Company Dogecoin Cash Establishes New Subsidiary to Support DOGE Treasury Strategy

4.Ethereum Community Fund is Now Officially Established to Drive ETH Price Increase

5.Nomura Raises Robinhood’s Target Price to $99

Daily report

2025-07-30 Report

📅 July 30, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,822

Exchanges: 1,331

Total Market Cap: US$390 B 4.6%📉

24-Hour Trading Volume: US$146 B

BTC 59.6% ETH 11.7%

Gas: 1.4 GWEI

Altcoin Season Index: 41

Fear & Greed Index:73

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $262 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

Bitcoin Recent Market Analysis Summary:

Reasons for Price Volatility:

Mainly influenced by investors’ risk-off sentiment.

Recently also affected by fluctuations in China-US trade relations, particularly strong statements from US officials Bassett and Trump regarding China’s tariff policies. Bassett emphasized that increasing pressure on China is crucial, while Trump expressed dissatisfaction with China’s continued purchase of Russian oil.

Macroeconomic Factors:

The ADP employment data will be released on Wednesday. If the data is strong, it indicates a healthy US labor market and strong economic resilience, which reduces the likelihood of a Fed rate cut in September.

A rate cut in July is now almost off the table. The market’s focus has shifted to whether Powell will turn dovish in September, with the ADP data potentially influencing his stance.

On-Chain and Market Sentiment Observations:

Turnover rate has slightly increased during the workweek, but mainly among investors with positions costing over $100,000, reflecting concerns over renewed China-US trade tensions and the Fed’s hawkish stance.

The FOMO (fear of missing out) sentiment has clearly diminished, buying momentum has decreased, but selling pressure is also easing, putting the market in a balanced state of reduced buying and selling.

Technical and Risk Points:

Overall support levels remain stable.

However, the unfilled $112,000 URPD gap still poses a potential risk.

Overall Viewpoint: The market currently faces many uncertainties with frequent data releases and policy announcements, so cautious trading is advised. I personally lean toward expecting Powell to deliver a dovish signal in September to ease pressure, but ongoing attention to upcoming data and speeches is essential.

Learn More

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

Linea Announces Tokenomics: Total Supply of approximately 72 billion tokens, with 9% Allocated for Early User Airdrop

2.Ethereum celebrates its tenth anniversary today, having grown from $0.3 to become the world’s 28th largest asset.

3.Ethereum 10th Anniversary Torch Commemorative NFT Free Minting is Now Open

4.The SEC Approves Bitcoin and Ethereum ETF Physical Redemption Mechanism