CryptoQuant analyst: Bitcoin enters the late stage of bear market, easing selling pressure on US spot ETFs

Binance SPX is currently priced at $0.5168, with a 24-hour increase of 10.12%. 24-hour transaction volume of 49.51 million US dollars, an increase of 117.28%, for reference only

Bitcoin surged to $81265 on Tuesday and then fell back, dropping to $78111 at one point, breaking the $80000 mark. Gold weakened synchronously, with spot gold falling nearly 2% to $4605 per ounce, previously rising to $4697. During the decline of US bond yields, the S&P 500 index rose 0.2%, the NASDAQ index rose 0.5%, and the yield of US 30-year treasury bond bonds fell below 5.2%. The market expects the probability of the Federal Reserve keeping interest rates unchanged in September to be about 61.9%, with a focus on the US July PCE inflation data and Nvidia's financial report.

In the past 24 hours, the cryptocurrency market experienced a total of $584 million in contract liquidation, including $252 million in multiple liquidation and $332 million in short liquidation.

BitMEX co-founder Arthur Hayes mentioned FLOP and Flop Labs in a social media post, stating that FLOP can be used to store AI agent memory in a decentralized and censorship resistant manner.

According to CCTV News, Iranian sources have stated that Iran hopes to convey its position and negotiation conditions regarding the Strait of Hormuz to the United States through Pakistan. On the 24th, Iran stated its position during a meeting with visiting Palestinian Army Chief of Staff Munir. The Iranian conditions include the United States complying with the Islamabad Memorandum of Understanding and fulfilling relevant provisions, with Article 5 concerning Iran's management arrangements for the Strait of Hormuz. Pakistan is seeking to convey the above conditions to the United States.