The crypto assets market has recently shown a complex dynamic pattern. Currently, the total market capitalization has reached a scale of $4.02 trillion, with Bitcoin still dominating, having a market capitalization of $2.32 trillion, accounting for 57.7% of the total market capitalization. The stablecoin market has also demonstrated robust growth, with a total market capitalization of $276.3 billion, a week-on-week growth of 0.45%, and USDT accounting for 60.39% of it, providing a solid liquidity foundation for the market.

In terms of coin performance, the market shows a clear trend of differentiation. Among the top 200 projects ranked by CoinMarketCap, most are exhibiting an upward trend, with some performing particularly well. OKB surged 123.59% in the past week, demonstrating strong momentum for platform coins. The bio chain BIO leads with a remarkable increase of 131.53%, while MORPHO follows closely with a growth of 35.13%. Additionally, mainstream altcoins such as QTUM and ZEC have risen by 29.34% and 18.29% respectively, indicating an overall positive trend in the market.

However, the market also faces some challenges. The US Bitcoin spot ETF saw a net outflow of $1.178 billion this week, and the Ethereum ETF had a net outflow of $233 million, indicating potential signs of capital withdrawal in the short term. Nevertheless, the continued issuance of stablecoins is still accumulating long-term liquidity for the market.

At the macroeconomic level, the policy direction of the Federal Reserve is receiving significant attention. Federal Reserve Chairman Powell recently stated that the risks of a downturn in employment are rising, which the market interprets as a possible signal for a rate cut in September. Currently, the expected probability of a rate cut in September has risen to 91.2%. With less than a month until the decision, core inflation data will become a key factor influencing the decision.

Looking ahead to the coming week, market sentiment indicators show a neutral to strong bias, with the Fear and Greed Index remaining at 59, unchanged from last week. Bitcoin is expected to fluctuate between 110,000 and 117,000, while Ethereum may oscillate within the range of 4,200 to 4,700. In the long term, market participants are generally optimistic that the fourth quarter will usher in the peak of this bull market, advising investors to remain patient and wait for further market developments.