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According to Jinse Finance, Matrixport has released its weekly report stating that Bitcoin has reached a new all-time high. However, unlike previous cycles, this rally has not been driven by leverage, and retail investor sentiment has remained unexpectedly calm. Meanwhile, ETF funds continue to see steady inflows, and the Federal Reserve is facing ongoing political pressure, with key CPI data set to be released in the coming days. July, traditionally a strong month for Bitcoin, is further boosted by the arrival of Washington’s “Crypto Policy Week,” creating a rare convergence of macroeconomic and regulatory tailwinds for the market. Against this backdrop, the “GENIUS Act” is accelerating its review process in Congress and is expected to have a substantial impact on stablecoin regulation and the adoption of digital assets. This Bitcoin rally is notably different from previous peaks, which were often characterized by retail-driven leveraged surges. Overall leverage usage remains limited, with funding rates only slightly positive. The real driving force comes from sustained spot ETF inflows and corporate allocation demand. Open interest is rising moderately alongside price increases, with no clear signs of new leveraged long positions entering the market. Despite reaching record highs, most traders are still holding light positions, and the market is far from overcrowded. On the capital side, cumulative net ETF inflows have reached $49 billion; on the policy front, there is a shift toward easing, and CPI is expected to remain moderate; in terms of regulation, the “GENIUS Act” is likely to achieve a significant breakthrough next week. Coupled with July’s seasonal advantage, the market is experiencing a rare confluence of multiple positive factors. However, judging from position structure and price trends, the market has not yet fully priced in these positives, leaving room for further upside in the future.

Odaily Planet Daily reports that Bitget Onchain trading has recently seen an upward trend in newly listed projects. Among them, LAUNCH reached a peak increase of 2466% after listing, MOONCAT rose by 914%, and M by 791%.Bitget Onchain trading aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly trade popular on-chain assets using their Bitget spot accounts (USDT/USDC). Currently, it supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.