Chinese Community Daily Briefing ===== Release Date: 2025-08-13 Overall Market Sentiment ===== The group is significantly bullish on Ethereum's breakthrough, with most traders expecting $5000 to be the next important resistance level. Bitcoin is showing relatively weak performance, with market funds clearly rotating towards Ethereum, creating a distinct pattern of capital divergence. Hot Topics ===== • Seller strategies hit hard: The sell call strategy has been severely trapped in a one-sided upward market, forcing multiple traders to accept losses or roll their positions, with gamma losses exceeding theta gains. • North American Bullish (BMNR) effect emerges: Tom Lee's $20 billion ETH financing plan is driving the coin-stock narrative, with Wall Street funds continuously flowing into ETH spot ETFs. • Volatility structure anomaly: During Ethereum's surge, implied volatility (IV) remained stable or even decreased, indicating characteristics of a gamma vacuum area, with market makers losing pricing reference.