At 8 o’clock on August 3, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 1,055.70 points, down 6.74% in the past 24 hours, with a turnover of 70.107 billion US dollars, an increase of 13.95% from the previous 24 hours. The index component tokens Among them, 5 rose and 95 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 914.70 points, down 6.72% in the past 24 hours, with a turnover of US$54.331 billion, an increase of 13.98% compared to the previous 24 hours; Bitcoin bubble index ( BBI Index) reported 76.24 points, down 2.40% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 100.45 points, up 0.97% in the past 24 hours. Yesterday, BTC rushed to a sharp correction, and the volatility skyrocketed. Finally, it still closed above 11,000. It has not broken the rising channel. It was the futures contract users who were harvested yesterday. The spot market has not yet seen large-scale profitable shipments. It has been mentioned many times that the recent large fluctuations need to avoid contract operations and hold positions in spot. Regardless of whether the market outlook rises again or falls back, all currencies will go through a period of high risk and high volatility, and futures contracts are still relatively risky.