According to BlockBeats, on July 3rd, analyst alicarts reported that the monthly Tom DeMark (TD) sequence indicator for Ethereum has generated a buy signal. Since the end of 2021, the monthly TD sequence indicator has charted every major trend reversal for Ethereum.

September 2021: The TD Sequence indicator flashed a monthly sell signal at the macro high point, and the price subsequently fell by 78%.

September 2022: The indicator reversed and showed a monthly buy signal, accurately identifying the bottom. Subsequently, ETH started a 235% price rebound.

March 2025: Another monthly buy signal appeared, triggering an immediate 182% price increase .

Alicharts believes that, given Ethereum's historical hit rate on this particular metric, this pattern indicates that sellers are showing signs of fatigue at the macro level. It suggests that the current correction is likely forming a major local or cyclical bottom.

According to BlockBeats, on July 3rd, data from Bitget showed that US stocks closed early this week before the Independence Day holiday, with the market generally continuing its high-level fluctuations, but with significant structural divergence. The Dow Jones Industrial Average hit a new closing high, the S&P 500 traded almost sideways, while the Nasdaq was pressured by a pullback in AI and semiconductor stocks. More than the index's rise and fall, investors were more focused on the repricing of several key themes: whether AI computing power capital expenditure can still support valuations, whether the storage and HBM market has entered a high-volatility phase, and whether Bitcoin and stablecoin-related companies can translate narratives into actual performance. Therefore, the most watched stocks this week were concentrated in AI cloud, semiconductor storage, crypto asset management, and the stablecoin ecosystem. Below are the top 5 US stocks most watched by investors this week:

SK Hynix (down 6.77% this week): The MetaAl cloud plan triggered concerns about computing power supply, and South Korean chip stocks pulled back from their highs; Hynix initially rose following the HBM hype this week, but then plummeted along with KOSPL, and the HBM theme shifted from a one-sided rise to high volatility.

Meta (up 5.03% this week): The market was optimistic about the possibility of it selling AI computing power and entering the cloud business. Meta 7/1 once surged by 8.8%; however, it subsequently fell back due to capacity constraints and concerns about competition. Whether AI capital expenditure can be converted into revenue remains the core focus.

Micron (down 16.48% this week): Memory stocks saw profit-taking at high levels, with Micron plunging 10.6% on July 1st and continuing to decline on July 2nd; news of investments related to Trump's account failed to offset selling pressure, but AI memory demand and year-to-date gains still support market attention.

Strategy (up 20.69% this week): The company launched a Bitcoin capital management framework that includes buybacks, selective selling of coins, and dividend arrangements to alleviate preferred stock financing pressure; MSTR rebounded significantly this week, regaining the $100 mark on July 2.

Circle (down 13.73% this week): BNY plans to integrate USDC into its digital asset platform, boosting institutional adoption expectations; however, giants such as Visa, Stripe, and Mastercard are pushing for the Open USD alliance, intensifying competition in the stablecoin sector.

According to BlockBeats on July 3rd, CryptoOnchain analysis indicates recent on-chain data showing structural changes in the behavior of long-term holders and miners. Over the past week, average miner outflows increased by 564%, while inflows of older coins (18-24 months old) on Binance surged compared to the 30-day benchmark. CryptoOnchain states that the simultaneous flow of older coins and miner rewards to centralized exchanges (CEXs) typically indicates a market in a distribution phase. However, Binance's daily net inflow of stablecoins averaged -$126 million, suggesting insufficient spot liquidity. Simultaneously, Binance's funding rate rose 87% week-on-week and turned positive, indicating that speculative traders are still building leveraged long positions.

They believe that the market may struggle to form a clear structural bottom until stablecoin inflows recover and are sufficient to absorb selling pressure from miners and older coins, and over-leveraged long positions still face risks.