Core Insights - The global cryptocurrency market is regaining investor attention despite a slight pullback in Bitcoin, indicating strong buying power as funds continue to flow in [1][4] - The recent U.S. economic data, particularly inflation concerns and interest rate expectations, adds uncertainty to the perpetual contract market [1][3] - Ethereum has shown strong performance with a weekly increase of 5.22%, indicating a shift in capital flow from Bitcoin to the Ethereum ecosystem [1][4] Market Performance - Bitcoin opened at $119,309.37 and closed at $117,488.60, reflecting a decline of 1.53% with a volatility of 6.43% and increased trading volume [1] - The total capital inflow into the cryptocurrency market reached $19.8 billion over the week, with stablecoins contributing $6.145 billion and Ethereum spot ETFs also seeing inflows of $2.394 billion [4] Economic Indicators - The U.S. July CPI rose by 2.7% year-on-year, aligning with expectations, while PPI data exceeded expectations with a monthly increase of 0.9% and a yearly increase of 3.3%, raising concerns about persistent inflation [3] - Market expectations for a 50 basis point rate cut in September have been largely dismissed, with a 90% probability still favoring a 25 basis point cut [3] Perpetual Contracts Market - The perpetual contracts market is experiencing significant trading volume increases, with traders using these contracts to hedge against spot market volatility [4][5] - The unique design of perpetual contracts on decentralized platforms like XBIT is providing good liquidity depth amid market fluctuations [4][7] Investor Behavior - Professional traders are adjusting their risk exposure through cryptocurrency perpetual contracts, reflecting a cautious yet optimistic market sentiment [5][9] - The participation of institutional investors in the perpetual contracts market has recently increased, indicating growing confidence in these financial instruments [7] Future Considerations - Key factors to monitor include the Federal Reserve's decisions in the upcoming September meeting, subsequent inflation data, and the flow of funds into the cryptocurrency market, particularly from institutional investors [8][9] - The importance of selecting a reliable trading platform is emphasized, with XBIT providing features that enhance user control over assets and risk management [8][11]