最新报道：According to the news from the Coin World Network, Matrixport posted on social media that it expects the market cooling phase to last until August. Technical reversal indicators show that Bitcoin and Ethereum are not only overbought, but also prone to corrections. The end of the US cryptocurrency week marks the peak of market momentum. The White House has postponed the release of its much-anticipated cryptocurrency report from July 22 to July 30, which was originally expected to outline potential Bitcoin reserve strategies. Considering that the release time coincides with the eve of the summer recess, market expectations should be restrained; the report is unlikely to contain any substantive or actionable policy guidance. The postponement also shows that the US government has given priority to the stablecoin-centered GENIUS Act, which is centered on financing US government debt by backing US dollar stablecoins with US Treasury bonds. This framework creates a strategic path for the government to meet debt needs and strengthens the importance of digital asset regulation at the macro-financial level. As the market enters a quieter summer and approaches the seasonal recess, Matrixport expects liquidation (de-leveraging) activities to increase. Many traders have built sizable long positions that now require sustained upward momentum to sustain; without that momentum, confidence is likely to wane, especially given the increased cost of holding positions as funding rates rise. This is particularly evident on Ethereum, where open interest has surged from $14 billion to $25 billion. While funding rates have only risen slightly, they are likely to re-price lower as summer arrives, triggering further liquidations. All in all, selling pressure from early investors taking profits is currently rising. All of this reinforces Matrixport's view that a summer consolidation is the most likely scenario at this point.