Market Sentiment Remains Elevated, Fear and Greed Index Reports 74 Today

On July 13th, White House economic adviser Hassett said that the Federal Reserve has a great deal to account for regarding cost overruns in its renovation. If there is a reason to remove Powell, Trump has the authority to take measures.

On July 13th, when asked about the 50% tariff on Brazilian goods, White House economic adviser Hassett stated that Trump is dissatisfied with Brazil's actions and trade negotiations. Hassett further said that if Trump deems Brazil's actions and policies to pose a national security threat, he has the authority to impose tariffs in accordance with the International Emergency Economic Powers Act (IEEPA). (Golden Finance)

July 13th: Andrew Hasset, who is the Director of the National Economic Council, declared that Trump has examined some proposed trade agreements and holds the view that they require further refinement. If Trump deems that the tariff proposals he receives are not up to the mark, the tariffs will be put into effect.

On July 13th, a prominent senior figure in Germany stated on Sunday. After U.S. President Trump threatened to raise tariffs on the European Union, thereby escalating the trade war, the EU and Washington might further engage in negotiations with the aim of postponing the tariff increase. "The poker game of negotiation between the EU and the US is now reaching a decisive stage," said Juergen Hardt, the deputy leader of the conservative CDU/CSU parliamentary group in Germany. "I wager that at least a partial agreement will be reached by August 1st and will be postponed further. After all, high tariffs have to be borne by American citizens and companies, resulting in price hikes and inflation in the US." Hardt emphasized that Europe must persuade Trump not to "erroneously believe" that the US trade deficit is caused by EU protectionist measures. He pointed out that due to the dominance of the IT industry, the US has a surplus in the services sector, which to a large extent offsets the tr

On July 13th, based on Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market remains in a neutral position. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a funding exchange mechanism between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

On July 13th, based on on-chain data, with the surge of the crypto market, the short positions of "insider trader" @qwatio in BTC, ETH, and FARTCOIN have all turned into losses now. The overall unrealized loss exceeds $600,000: · 40 times short on BTC: Holding 1,273.58 BTC, valued at $150 million, with an entry price of $117,828.8; · 25 times short on ETH: Holding 33,742.74 ETH, valued at $99.74 million, and the entry price is $2,966.63; · 25 times short on FARTCOIN: Holding 15 million FARTCOIN, valued at $18.56 million, and the entry price is $1.2543.