Here are the latest market highlights in the crypto world (as of July 18, 2025):

1. **Bitcoin Pullback After Hitting New Highs**
- On July 14, it first broke $120,000 (highest $123,100), ending an 8-month consolidation.
- The next day, due to the U.S. CPI inflation data exceeding expectations (year-on-year 2.7%), it plummeted 5% to $116,300 in a single day, triggering over 130,000 people to be liquidated for $493 million.
2. **Regulatory and Institutional Trends**
- The U.S. House of Representatives is advancing three key bills (stablecoins, anti-CBDC surveillance, etc.), which, if passed, will eliminate regulatory uncertainty.
- Spot Bitcoin ETF weekly inflows hit a record (single-day $1.18 billion), with a total size surpassing $51 billion.
3. **Altcoin Rotation Begins**
- Ethereum breaks through $3100 against the trend, with the ETH/BTC exchange rate hitting a 4-month high, driving a general rise in Solana, Dogecoin, and others.
- Sector differentiation is evident: the SOL ecosystem rose 8% in a single day, while the NFT and storage sectors rose by 5%-6%.
4. **Market Outlook**
- Institutions Bullish: Standard Chartered and Bitwise predict Bitcoin will surge to $200,000 by the end of the year.
- Risk Warning: High leverage (80% of accounts using more than 5x leverage), short-term support level at $114,000