The cryptocurrency market is currently experiencing increased volatility, with overall sentiment leaning towards caution. 💹 Ethereum (ETH) has been consistently showing negative premium on Coinbase for the first time since April this year, indicating a rise in bearish sentiment. ETH has fallen below the $3600 mark, accompanied by an 8-hour average funding rate of only 0.0012% across the network, showing insufficient bullish momentum. Regarding Bitcoin (BTC), the 8-hour average funding rate across the network is 0.0032%. Matrixport predicts that August and September may enter a weak consolidation period, with $653 million in liquidations across the network in the past 24 hours, the majority of which are long orders, reflecting short-term selling pressure. 📉 On the other hand, positive signals are emerging: a large influx of USDT into Binance (such as $40 million and $228 million), and Ark Invest buying $6.93 million in Figam, indicating that institutional funds continue to get on board. Huaxing Capital plans to expand its Hong Kong license, increasing investment in on-chain ecosystems and RWA, while the Billions platform has secured $30 million in financing (with participation from Polychain), supporting the development of industry infrastructure. Japan's Metaplanet is issuing perpetual preferred shares, and Cemtrex has bought $1 million in SOL, further enhancing market confidence. 📈 The US Non-farm Payrolls (NFP) data is about to be released, which may affect the Fed's interest rate decisions in September, and in the short term, crypto assets may maintain oscillation. Investors need to be cautious of the blockchain effect brought by Coinbase's pre-market stock drop of 11%, and it is advisable to control positions and follow airdrop opportunities such as MOMOFUN and MIA launched on Binance. Overall, the market is in a "bottoming" phase, nurturing opportunities amidst fluctuations. 🚀