Crypto Roundup for July 31: $BTC -2.5%, 17 analyses, and a degen score of 72

Market: A Red Day Amid Extreme Fear

$BTC fell 2.5% to $63,245, while $ETH lost 2.4% to $1,875. Total market cap plummeted by $52B to $2.24T. But among the top performers, the trend is mixed: $TON is up 0.95%, while the rest are in the red.

The Fear & Greed Index dropped to 25 points-a classic sign of extreme fear. Meanwhile, BTC dominance remains strong at 56.17%, and stablecoins hold $307B-a clear accumulation phase. Funding for $BTC remained positive at 0.0074, while $ETH turned negative at -0.001, indicating a capital outflow. The Degen Index hit 72 out of 100-overheating persists despite the panic.

What the team found over the past 24 hours

We scanned 926 tokens and published 17 analyses. Two hot picks on the radar: $PENGUIN +167% over the past 24 hours (launch quality 81) and $CZT with a Canon score of 93/100-but both carry concentration risks.

Three confirmed scams: $BANK -59% (SCAM 2/10), $FRONG +549% in 17 hours (SCAM 2/10), and $MOONDOGECOIN, with a perfect Canon score of 96/100, fell by -85%.

Updates showed: $FAUCI -85% confirmed the SKIP 4/10 verdict, $HOODRAT -68% is holding volume, and $JIMOTHY +149% still has an LP bomb. The DeFi sector is bleeding: $BABYLON lost $436M in TVL, but $CLEARSTAR soared +15.9% on fear.

What to Watch Tomorrow

If FNG stays below 30, we expect $BTC to find a bottom. Stables in accumulation hint at readiness for a rebound. Funding is still positive-the risk of a false bottom is high. A Degen Index of 72 indicates that the overheating hasn’t ended; junk coins are soaring despite the panic. There definitely won’t be a bottom tomorrow.