The highly anticipated US government Crypto Assets report is set to be released on July 30, and the market generally believes this could signify a significant shift in policy direction. Meanwhile, there have also been some notable movements in the Crypto Assets market.

Ethereum (ETH) has recently performed strongly, briefly breaking through the $3700 barrier. Even more notable is that the ETF's daily inflow amount reached $533.9 million, setting a new high for this year. Do these data points indicate that the bullish market momentum is strengthening?

However, the market is not entirely optimistic. The expiration of Bitcoin options has caused some fluctuations in the market, and the decrease in open interest may suggest a certain level of liquidation pressure in the short term. This phenomenon reminds investors to remain vigilant and closely monitor market trends.

From a macroeconomic perspective, the M2 money supply has surged to $22 trillion, and this ample liquidity may support asset prices. However, at the same time, it could also raise concerns about inflation.

Overall, the Crypto Assets market is in a complex situation. Upcoming government reports, Ethereum's strong performance, volatility in the Bitcoin options market, and macroeconomic factors may all have a significant impact on the future direction of the market. Investors need to consider these factors comprehensively and make cautious decisions.