Bitcoin briefly fell below $63k early this morning, hitting a low of around $62.8k before rebounding in a V-shape. It has now recovered to fluctuate near $63,400, down slightly by about 0.2%–0.5% over 24 hours; Ethereum strengthened against the trend, approaching $1,888 with a slight gain, as funds showed signs of rotating into altcoins. Over the past 24 hours, liquidations across the network totaled approximately $227 million, dominated by long positions, while market sentiment remains in "fear" (Fear and Greed Index: 29). On the macro front, the U.S. July PPI was flat month-on-month and below expectations, while the probability of keeping interest rates unchanged in September rose to approximately 63%. The S&P 500 and Nasdaq hit record closing highs, but the positive developments did not spill over into the crypto market. On the institutional front, U.S. spot Bitcoin ETFs recorded net outflows for a second consecutive day (approximately $131 million on August 13), with Ark Invest's ARKB and Fidelity's FBTC leading redemptions. At the individual stock level, Coinbase obtained an Abu Dhabi FSRA license to enter the tokenized securities market, Riot and Anthropic signed a $9.1 billion AI computing power deal, while mining companies' Q2 earnings highlighted a diverging pattern of "mining under pressure, AI transformation." In the short term, watch the $62,800 support level and ETF fund flows.#GateLaunchpool瓜分141万枚DOS $ETH