530am

$ETH July 21, before the U.S. stock market open, the following are the key market news items:
1. Trump will move to impose new tariffs on dozens of countries as soon as this week;
2. Trump has agreed to the ethical provisions of the CLARITY Act, nearing a Senate vote;
3. The “hidden debt” of the five largest U.S. tech giants has surged to $1.65 trillion;
4. JPMorgan Chase CEO: Investors have underestimated market risk; they will not buy stocks or long-term U.S. Treasuries for now;
5. Goldman Sachs: If the Strait of Hormuz is blocked for the long term, international oil prices may break $120 pe

$ETH On July 20, renowned trader and chart analyst Peter Brandt said he expects this market cycle for Bitcoin to bottom out on October 4, 2026, and believes that returns from investing in Bitcoin over the next two to three years may outperform investing in AI stocks.
In an interview, Brandt said that although accurately predicting the market bottom date is extremely challenging, he has stuck with this view for the long term. He believes Bitcoin’s price may still fall further, even dropping below $50k and moving into the late-$40k range.
Brandt pointed out that in Bitcoin’s major bear markets

$ETH July 13, according to Coinglass data, if Bitcoin falls below $61k, the cumulative liquidation long position strength on major CEXs will reach $501 million.
Conversely, if Bitcoin breaks above $65k, the cumulative liquidation short position strength on major CEXs will reach $882 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated, or the exact contract value being liquidated. The bars on the liquidation chart actually show how important each liquidation cluster is relative to the nearest liquidation cluster, i.e., the intensity.
T

$ETH On July 9, JPMorgan's analyst team pointed out that the market views Strategy's Bitcoin selling plan as a key risk to the crypto market, but this is not the main structural threat facing Bitcoin. The more fundamental risk lies in—tokenization, payments, and settlements are increasingly occurring on permissioned infrastructure that does not require public blockchains. If this trend continues, the entire crypto ecosystem may face a "structural downgrade", with slowing transaction activity, declining liquidity, and weakening capital inflows, ultimately dragging down Bitcoin. The analysts sta