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Market Overview 📉
*Data as of 6:45 AM UTC on July 31, 2026.
Bitcoin (BTC) lost steam this week, dragged down by weakness in momentum names in the equities market, falling 1.92%. Ethereum (ETH) fared much better, rising 0.72% amid the increased volatility. Total crypto market cap fell slightly to $2.19T, down 1.35% from $2.22T in the week before.
Weekly liquidations spiked amidst the early week volatility, taking out close to $1B in long positions over the beginning of the week, before flattening out closing into the end of the week. Funding rates largely remained unchanged, with some moving higher into the…
