Market dynamics on August 6: After the market plummeted, it rebounded sharply, BTC ecosystem SATS, BAKE, BADGER surged significantly

I. Market Dynamics

1. After a market crash, there is an oversold rebound and short-term consolidation may occur.

2. U.S stocks plummeted below the monthly line. The Federal Reserve did not have an emergency meeting, and expectations for a rate cut in September returned to 25bp.

II. Market Focus

1. Public chain ETH plunged, large institution JUMP cleared out billions of dollars worth of ETH.

2. BTC ecosystem's SATS, BAKE, BADGER surged significantly. SATS had the strongest rebound without falling below its previous low point. BN previously invested in UNISATS with BTC L2 release expected in September.

3. AI's TAO and ARKM soared high as well similar to the BTC ecosystem after experiencing significant declines earlier on but Nvidia - a leading US stock AI company is adjusting on the monthly line.

4.POLIFI's HARRIS also saw a significant increase.The Fed’s interest rate cut will benefit Democratic Party election victories.