CoinEx Daily: Bitcoin Enters Consolidation Zone; Global Bitcoin ETF Holds Over 1.3 Million BTC

Overview

Bitcoin continues to fluctuate, causing volatility in the crypto market. As of December 24, global Bitcoin ETFs hold over 1.3 million BTC, valued at approximately $120 billion, accounting for 6.2% of the total supply.

Daily Macro

Bitcoin Market Status: Bitcoin remains in a consolidation phase, while the altcoin market shows higher volatility.

Bitcoin ETF Activity: Bitcoin ETFs recorded a net inflow of $5.3million yesterday.

Ethereum ETF Activity: Ethereum ETFs saw a net outflow of $36million yesterday.

Macroeconomic Data: The U.S. will release data on initial jobless claims for the week ending December 28, with a previous value of 219,000 and a forecast of 222,000.

Daily Focus

XRP

Reason for Focus: Reason for Attention: XRP has performed well, with trading volume surging in the South Korean market, and total network trading volume surpassing $9 billion.

Related Token Performance (24H):

XRP：: +14%

Market Analysis: XRP has been performing strongly recently, with its price approaching $3 at its peak.

Next Focus

Kekius Maximus

Reason for Focus: The concept meme token Kekius Maximus saw a significant decline following Musk’s change of account name. Specifically, KEKIUS on Ethereum dropped over 50% in 30 minutes, and KM on Solana saw a similar 50% drop.

Market Analysis: Kekius Maximus-related meme tokens are highly influenced by Musk’s personal actions, so investors should closely monitor any updates regarding Musk’s activity.