Recently, the crypto assets market experienced a brief pullback. Following the conclusion of the US-Russia summit and the news that the US Producer Price Index ( PPI ) exceeded expectations, market sentiment has cooled. The price of Bitcoin fluctuated around $117,200, and this pullback is attributed not only to profit-taking by investors but also to over $1 billion in leveraged positions being liquidated, leading both bulls and bears to adopt a cautious approach in the short term.



Regarding Ethereum, although the price has fallen from a high of $4660 to around $4420, with a decline slightly greater than Bitcoin, the long-term outlook remains optimistic. Continuous and stable inflows of ETF funds, along with Standard & Poor's significantly raising its year-end target price for Ethereum to $7500, provide confidence support for long-term bulls.

Overall, the current market seems to have entered a consolidation phase after experiencing a rapid rise. Investors may need to patiently wait for the next important news to assess the further direction of the market. During this phase, closely monitoring various macroeconomic indicators and industry trends will be very helpful.
BTC-1.64%
ETH-4.56%
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DeFiCaffeinatorvip
· 08-16 23:44
I am not panicking about the big dump, just waiting for the large orders to finish.
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AirdropHunterWangvip
· 08-16 00:50
Enter a position means to act, guaranteed profit without loss.
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AirdropGrandpavip
· 08-16 00:38
Deserve to Get Liquidated
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