Over the past 24 hours, the cryptocurrency market experienced a downturn, with the total market capitalization decreasing by 1.23% to $3.66 trillion. Bitcoin retreated below the $114,000 mark and is currently trading around $113,715. Recently, Bitcoin, Ethereum, and several prominent altcoins, alongside traditional markets like the S&P 500 and Nasdaq, had entered overbought territory.

在过去的24小时内，加密货币市场经历了下滑，总市值下降了1.23％，至3.66万亿美元。比特币退缩低于114,000美元，目前的交易约为113,715美元。最近，比特币，以太坊和几个突出的山寨币以及标准普尔500指数和纳斯达克等传统市场也进入了超买的领土。

Bitcoin's Relative Strength Index (RSI), a key market indicator, has moderated to approximately 40, suggesting that the recent rally required a period of consolidation. Altcoins faced even more significant declines, with several top performers from the previous week reversing their gains. Ethereum decreased by over 2.70%, trading near $3,434. XRP experienced a 6.70% drop, while Binance Coin (BNB) fell by 2.97%. Solana (SOL) also declined by 2.42%, and Cardano (ADA) dipped by 1.12%. Dogecoin (DOGE) saw a loss of 3.39%, and SUI decreased by 3.41%.

比特币的相对强度指数（RSI）是一个主要市场指标，已调节到大约40个，这表明最近的集会需要一段时间的合并。 Altcoins面临着更大的下降，前一周的几位最佳表现逆转了他们的收益。以太坊减少了2.70％以上，交易接近3,434美元。 XRP的下降了6.70％，而二氧化硬币（BNB）下降了2.97％。 Solana（Sol）也下降了2.42％，Cardano（ADA）下降了1.12％。 Dogecoin（Doge）损失3.39％，SUI降低了3.41％。

This correction is viewed as a healthy reset rather than an indication of fundamental weakness. The broader altcoin market, as measured by the "Total 3" index (excluding Bitcoin, Ethereum, and stablecoins), had also become overheated and is now undergoing a cooling-off period. Key support levels for Bitcoin remain robust between $110,000 and $106,000, potentially leading to a price rebound later in the month.

这种纠正被视为健康的重置，而不是基本弱点的迹象。按照“总计3”指数（不包括比特币，以太坊和稳定币）衡量的更广泛的AltCoin市场也已经过热，现在正在进行冷却期。比特币的主要支持水平在110,000美元至106,000美元之间保持稳健，可能导致本月晚些时候的价格反弹。

Concurrently, there is notable momentum behind cryptocurrency investment. In July, U.S. crypto ETFs witnessed record inflows of $12.8 billion, with both Bitcoin and Ethereum attracting significant interest. On-chain data further reveals that wallets holding 10 or more BTC have continued to increase their holdings, demonstrating sustained long-term confidence.

同时，加密货币投资背后有明显的动力。 7月，美国加密货币ETF目睹了创纪录的128亿美元流入，比特币和以太坊都引起了重大兴趣。链上数据进一步表明，持有10或更多BTC的钱包继续增加其持有量，表明持续的长期信心。

Furthermore, recent U.S. job numbers were weaker than anticipated, leading traders to increasingly anticipate a Federal Reserve rate cut in September. The CME FedWatch tool now indicates an 81.9% probability of a rate cut, a substantial increase from the previous 37%. Coupled with delayed U.S.-China tariffs and discussions surrounding crypto regulations such as the Market Structure Bill, the conditions are being established for a potential surge in liquidity.

此外，最近的美国工作人数比预期的要弱，导致贸易商越来越多地预计9月份的美联储储备率降低。 CME FedWatch工具现在表明降低率的概率为81.9％，与前37％相比大幅增加。加上美国 - 中国的关税延迟以及有关加密法规（例如市场结构法案）的讨论，正在建立条件，以实现流动性的潜在激增。