Cryptocurrency markets are trading flat as retail traders increase short positions ahead of FOMC meeting and final tariff deadline of Aug. 1.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $118,141.45 |
| Ethereum | (CRYPTO: ETH) | $3,781.15 |
| Solana | (CRYPTO: SOL) | $178.44 |
| XRP | (CRYPTO: XRP) | $3.09 |
| Dogecoin | (CRYPTO: DOGE) | $0.2198 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001288 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 9.6% and 20.8%, respectively. Daily active addresses moved higher by 2.5% and 12.7%, respectively.
- Coinglass data shows 121,880 traders were liquidated in the past 24 hours for $272.38 million.
- SoSoValue data shows net intflows of $79.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $218.6 million.
Trader Notes: Bitcoin is forming a bullish rectangle pattern, according to trader Mags, signaling a strong continuation setup.
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