0729: 1. SBET continued to increase its holdings by 295 million ETH last weekend. On weekends, liquidity is poor, and building large positions with large funds will have a greater impact on the market and increase the cost of building positions. SBET chooses to build large positions on weekends or hopes to drive ETH to break through pressure levels, continue to create market trends, and build momentum for Monday's stock opening. SBET's large opening of positions over the weekend drove ETH to break through its previous high, but the selling pressure on ETH is still there. It has been a week since there was a large amount of de pledging on the chain, and currently there are still 67000 ETH on the chain, about 2.5 billion US dollars. Based on long-term optimism and warehouse building plans, there will be a buying opportunity in the near future. 2. BNB Treasury VAPE closed up 548% with a market value of 48 million. It is backed by YZi Labs (formerly Binance Labs) for a $500 million private placement, with subscribers including Pantera, GSR, Arrington Capital, and others. The emergence of a large number of treasury companies in the US stock market has caused a certain degree of capital diversion, and a phase of climax has emerged; The market may enter a two-week period of calm in the future. 3. The rise and fall of Japanese bond yields have not yet had an impact on the market. There are many macro events this week, including FOMC meetings, non farm payroll and PCE data, and China US talks; Along with macro data, there may be a quantitative market trend, so it is advisable to place orders in advance.