Bitcoin consolidates around $64k; Ethereum surges to 1,825, hitting a two-week high! Liquidations in a single day soar to $150 million.

Bitcoin slips slightly 0.3% to $63,768, consolidating in a $63.6k to $64.4k range; Ethereum is up 1.37%, hitting $1,825 this morning for a two-week high. Total liquidations across the entire market reached $151 million, the Fear Index is 28, as traders wait for tomorrow’s CPI.
（Background recap: the US-Iran ceasefire deal broke down—“Bitcoin sharp selloff 61,545 USD”; oil prices surged 6% and the whole market saw over $330 million liquidated in one rush, with heavy losses）
（Additional context: Bitcoin rebounded and broke above $64k, Ethereum is back above $1,800! In the past 24 hours, $410 million was liquidated across the whole market, with over 100k people getting wiped out）

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• Liquidation data: $151 million in 24 hours, longs account for nearly 60%, and long liquidations are clearly more aggressive within 1 hour
• Trigger factors: ETF flows end eight straight weeks of net outflows, ETH itself adds catalysts, and rate-cut expectations heat up
• SOL, XRP: mixed gains and losses, with both volatility ranges relatively moderate
• Sentiment and forward look: Fear Index rebounds to 28; the market holds its breath for tomorrow’s CPI and the earnings week

In Monday’s Asia early session, the crypto market quietly switched its leading cast. Over the past 24 hours, Ethereum bounced from a low of $1,789.44 to a high of $1,846, and finally steadied around $1,819.68, up 1.37%, and touched a near two-week high of $1,825 at 9:00 this morning. By contrast, Bitcoin looks more cautious: over 24 hours it oscillated back and forth within a narrow range of $63,568 to $64,425, ending slightly down 0.3% at $63,767.99. It remains some distance from the 14-day high of $64,442.52 set at 10:01 p.m. on July 10.

Liquidation data: $151 million in 24 hours, longs account for nearly 60%, and long liquidations are clearly more aggressive within 1 hour

CoinGlass data shows that total liquidations across the entire market over the past 24 hours reached $151.30 million. Of this, long liquidations were $85.27 million and short liquidations were $66.02 million; the long-to-short ratio was about 56:44, suggesting that leveraged long traders who chased higher are paying the price alongside the rally. Looking at a narrower time window, liquidation pressure is not evenly distributed: over the past 12 hours, liquidations totaled $107.88 million (longs $63.62 million, shorts $44.26 million); over the past 4 hours, it further narrowed to $85.75 million (longs $58.29 million, shorts $27.46 million). In the most recent 1 hour, liquidations were $38.45 million, of which longs accounted for $34.22 million while shorts were only $4.23 million. The speed of long liquidation is clearly accelerating, indicating that leveraged long positions chasing long on the short term are taking the biggest pressure.

Trigger factors: ETF inflows return as net outflows end for eight straight weeks, ETH’s own catalysts add fuel, and rate-cut expectations warm up

According to ETF flow data, for the week from July 7 to July 11, the combined net inflows of spot Bitcoin and Ethereum ETFs were about $282 million, ending the prior trend of eight consecutive weeks of net outflows totaling about $9.46 billion. Of this, Ethereum ETFs alone saw a net inflow of $29.10 million for the week, led by BlackRock’s ETHA. However, flows remain unstable: on July 10 alone, Bitcoin ETFs still recorded net outflows of about $95 million and Ethereum ETFs net outflows of $52 million, indicating that institutional capital volatility remains intense within the day.

Ethereum itself is also seeing multiple catalysts. On July 4 in Berlin, Vitalik Buterin announced an update to the “Lean Ethereum” roadmap after a researchers meeting, focusing on simplifying the protocol, improving scalability, and strengthening post-quantum security. Earlier on July 1, “Ethereum Institutional,” an initiative backed by ecosystem leaders including Joe Lubin, officially launched in an effort to pave the way for institutional capital. Meanwhile, US June nonfarm payrolls added only 57k jobs, far below the market expectation of 115k, which boosted rate-cut expectations and brought risk-asset buying back.

SOL, XRP: mixed gains and losses, with both volatility ranges relatively moderate

SOL is up 1.10% over the past 24 hours to $77.15, ranging and consolidating between $75.85 and $78.20. It is still some distance from the 14-day high of $83.43 set at 1:00 p.m. on July 4. XRP is slightly down 0.68% to $1.0877. Its 24-hour high and low are between $1.0811 and $1.1043, still some distance from the 14-day high of $1.1797 reached in the early hours of July 5; both assets’ volatility ranges are far smaller than Ethereum’s.

Sentiment and forward look: Fear Index rebounds to 28; the market holds its breath for tomorrow’s CPI and the earnings week

alternative.me’s Fear and Greed Index today reached 28 (Fear), up slightly from yesterday’s 26, but still far below last week’s 24 (Extreme Fear) and one month ago’s 13 (Extreme Fear), indicating that market sentiment is slowly warming up but has not yet left the fear zone. In US stocks, last Friday (7/10) the S&P 500 rose 0.42% to close at 7,575.39, while the Nasdaq rose 0.29% to close at 26,281.61; both indexes closed higher on the week. On the day, market attention focused on the first day performance of SK Hynix’s US stock listing, as well as the latest developments in US-Iran ceasefire negotiations.

The stress test this week is just starting. In Taiwan time tomorrow (7/14) at 8:30 p.m., the US will release June CPI data—this will be the last complete inflation report before the FOMC meetings on July 28-29 (May CPI year-over-year was 4.2%). On the same day, JPMorgan and Goldman Sachs will also release their Q2 earnings. On July 15, PPI data will be released next. At its June meeting, the Fed kept the target interest rate range unchanged at 3.50% to 3.75%. New chair Kevin Warsh has canceled forward guidance and switched to a decision-making model that relies purely on data, expanding the interpretation space for the market. In addition, the 10% across-the-board tariffs under Section 122 will expire on July 24; the market is also closely watching whether it will be replaced by the long-term tariff measures under the 301 provisions at that time.