The Crypto Assets market is experiencing severe Fluctuation again, with most alts seeing significant falls, particularly the meme coins represented by DOGE which have dropped by more than 10%. This pullback not only cooled investors' momentum investing sentiment but also evaporated about $264 billion in market capitalization in just 24 hours.

The severe fluctuations in the market have caused significant losses for a large number of investors. According to statistics, approximately 215,000 people have encountered liquidation, with total losses reaching up to $1.03 billion. It is noteworthy that 80% of the losses come from bullish investors. The most severe case occurred on the OKX platform, where one investor suffered a single loss of up to $6.5 million in the ETH/USDT trading pair.

The direct trigger for this wave of market adjustment seems to be the latest economic data released by the United States. In July, the Producer Price Index (PPI) in the U.S. increased by 0.9% month-on-month, far exceeding the expected 0.2%, with a year-on-year increase of 3.3%. This data indicates that corporate costs are rising rapidly, raising concerns in the market about the potential aggravation of inflation.

The unexpected performance of economic data has triggered anxiety among market participants, leading many investors to reassess their investment strategies. This change in sentiment is directly reflected in the Crypto Assets market, resulting in significant fluctuations in the short term.

Although the market has experienced a pullback, this may provide new entry opportunities for long-term investors. However, given the current market uncertainty, investors should remain cautious and closely monitor changes in the global economic situation and regulatory environment.