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On Monday, the crypto assets market experienced an exciting day. Ethereum (ETH) broke through the $4,300 mark, while Bitcoin (BTC) surged to $120,000, nearing its ATH. The total market capitalization of the entire crypto assets market exceeded $4.1 trillion, with a 24-hour rise of 2.5%, continuously setting new historical records.
This overall rise seems like a meticulously orchestrated symphony, with emotions, trading volume, and valuations rising in sync, bringing unprecedented vitality to the entire crypto world.
The macroeconomic environment also provides strong support for this round of rise. The popular candidate for the Federal Reserve Chair, Waller, tends to implement a "bold interest rate cut" policy, which coincides with Trump's monetary policy philosophy. The market expects a 90% probability of an interest rate cut in September, with possibly three cuts this year. If the upcoming inflation data meets expectations, it will further enhance the market's confidence in improving liquidity.
On-chain data and capital flows also show positive signals. Following the large-scale accumulation of BTC by listed companies and institutional investors, the strategic reserves of ETH have also surpassed 3 million coins, equivalent to approximately $12.83 billion, accounting for 2.51% of the total supply. Meanwhile, the total holdings of ETH ETFs have reached 5.91 million coins, accounting for 4.89% of the total supply.
It is worth noting that large holders with over 100 BTC increased their holdings by 1,249 today, while small holders are selling off in fear. This differentiation in capital flow provides important reference for market trends.
In this strong upward trend, every short-term pullback may become an excellent opportunity to increase positions. Investors should remain disciplined, adopt a staggered investment strategy, but at the same time maintain firm confidence.
In addition to traditional crypto assets, projects that combine artificial intelligence and Web3 technology are also beginning to attract more attention, which may indicate that the next hotspot in the crypto market is forming.