Bitcoin BTC｜Has the market really started to turn stronger? Bitcoin has reclaimed levels above $65,000. More notably, the US spot BTC ETF has recorded inflows for the fifth consecutive trading day, and the ETF total funding for July has also turned back to net inflows. But interestingly, the market fear index is still in “extreme fear.” Prices are starting to rise, and capital is beginning to flow back in, but investors still don’t really dare to believe the trend. I think this situation is worth watching. The real big moves often don’t start when everyone is optimistic, but instead form gradually while the market is still full of doubt. We still can’t say that the bull market is back. But at least, the market is no longer as bearish as it was a few weeks ago. #GUSD年化升至3.8% $BTC ‌

$BTC above $66000 $ETH above $1900 Do you think we're finally back? NO❗❗❗ US PPI data comes lower 5.5% than expected 6.2%. As you know CPI data is closely linked to PPI and this one also in bullish side. But you couldn't judge fully here and what'll come next which I'm considering as hotspot is US IRAN war that's getting worse. Supply chain is getting difficulty to cross the strait of hurmoz and will affect next month ppi. so stay vigilant and don't consider it bull driver. #SummerCreationCamp

Over the past couple of days, I’ve also been thinking about a question: when the market is neither going up nor down, who should you really trust? I happened to come across a segment of contract data interpretation by (Smart Money Yan Chi), and it’s kind of interesting. He said net long positions are actually quite strong, but guess what? The number of long vs. short holders dropped from 1.8 to 1.1. Put into plain language—that means the money going long is more concentrated, but the number of people shorting is actually higher. So who is shorting? Most likely it’s retail traders like us trying to “top-tick.” He also added one more line: “Mom taught us since we were kids—don’t squeeze into places with too many people.” BTC and ETH are very close to resistance, and the shark pattern mentioned at the beginning of the month is also almost finished. He suggested we stay alive first and wait for the structure to form before making a call. I feel the same—at this spot, don’t rush to take sides. [@大镖客的](gt://mention/VlZDVFBaBwUBDlQhRVNaQVNcXQO0O0OO0O0O) $BTC