August 2, 2025 Crypto Assets Market Brief*

BTC & ETH plummet today! 950 million liquidated across the network!

Analysis of Reasons for the Plunge
1⃣ Macro bearish pressure
- The core PCE inflation in the United States rose to 2.6%, CPI reached 2.7%, and the Federal Reserve maintained the interest rate at 4.25%-4.50%1.
- Trump's tariff remarks have triggered policy uncertainty, causing a surge in market risk aversion.
2⃣ Derivatives Market Impact
- Deribit single-day $5.72 billion BTC options + $1.35 billion ETH options expiration, increasing volatility.
- ETH confirms the "death cross" technical pattern, indicating downside risks.
3⃣ Institutions are withdrawing en masse
- Bitcoin spot ETF net outflow of $812.3 million (the second highest in history!), with Fidelity FBTC and ARKB being the hardest hit.
- Ethereum ETF net outflow of $152.3 million (historically the third).
4⃣ Big boss selling signal
- BitMEX founder Arthur Hayes sold 2,373 ETH + 7.8 million ENA + 38 billion PEPE (total value $13 million), triggering panic selling. #6 BTC全民空投限时派送中 #Gate Alpha积分撸40U #白宫加密报告发布