🚨 WHAT HAPPENED OVERNIGHT? July 31 to August 1 @Bitcoin is currently trading around $63,016 and has stabilized again above the $63,000 level despite temporary weakness. Buyers continue to defend this area consistently. @Ethereum is currently trading around $1,869 and is again showing stronger performance than many smaller altcoins. The market structure remains constructive despite minor fluctuations. The broader crypto market remains cautious. Investors continue to monitor U.S. monetary policy and macroeconomic data, while institutional investors remain selectively engaged. Spot Bitcoin ETFs show mixed flows. Capital movements remain volatile, with large inflows and outflows on individual trading days still causing short-term market movements. Conditions on the derivatives market have calmed. Liquidations are significantly below the peak levels seen in recent weeks, indicating a more stable market structure. Ethereum continues to show relative strength against Bitcoin. Institutional interest in ETH remains high, particularly amid growing adoption of tokenized financial products. Technically, Bitcoin remains constructive above $62,500. As long as this support holds, the medium-term uptrend remains intact. 🐺 Don’t want to miss anything? Follow now!