Credits against Bitcoin create the risk of liquidation at the $39,900 level. As of July 30, loans backed by BTC with a 50% initial collateralization ratio and an 80% liquidation threshold create a critical “liquidation wall” near $39,900. When the BTC price falls by 37.5% from current levels, forced sell-offs are triggered on these positions. The volume of crypto-collateralized loans reached $67 billion in Q1 2026, which increases liquidation risks in the chain during sharp price drops, said Ledn CEO Adam Reeds. #GateSquare #Gate [@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O) [@Gate 广场](gt://mention/ARAbClhcBQNwWRIVGAoGBB5QX1sO0O0O) $BTC ‌$ETH ‌$SOL ‌

SEC Chair: We will regulate the crypto market even without the CLARITY law if necessary SEC Chair Paul Atkins confirmed that the U.S. Securities and Exchange Commission is prepared to set regulatory rules for the digital assets market even if the CLARITY law stalls in Congress. Although the bill has made progress in both the House of Representatives and the Senate, it still faces political obstacles before the final vote. If delays continue, the agency may begin issuing a regulatory framework that includes rules for launching digital tokens, custody of crypto assets, and regulating trading platforms. Market impact: This approach could help provide greater regulatory clarity for the digital assets market, but continued delays of the CLARITY law may keep uncertainty in place in the near term#CLARITY $BTC ‌ $SOL ‌

Looking back at the complete trading rhythm of “二饼” in the recent period, each entry level, holding positions to execute and capture the move, was carried out strictly according to the signals shown on the chart. Across the entire market cycle, it generated a total of 194 points of profit space—solid, tangible results are right in front of us; the good and bad are clear at a glance. #美联储维持利率不变 $BTC $ETH $SOL