Overview

Bitcoin saw a significant drop overnight, leading the entire market into a sharp correction. Bitcoin briefly fell to $92,600, then recovered slightly, while Ethereum dropped to around $3,330.

Daily Macro

Bitcoin Market Performance: Bitcoin experienced a sharp drop before rebounding slightly, stabilizing around $95,000.

Bitcoin ETF: Bitcoin ETFs saw a net outflow of $445M yesterday.

Ethereum ETF: Ethereum ETFs recorded a net outflow of $159M yesterday.

Macro Economic Data: Due to rising U.S. Treasury yields and investors adjusting expectations for Federal Reserve policies, the U.S. Dollar Index (DXY) reached a new high.

Daily Focus

LLM

Reason for Focus: LLM’s image is of a “fat girl,” symbolizing a large language model, inspired by the logo of $ai16z. In just four hours after launch, its trading volume reached $55M, and its market cap quickly hit $66M, drawing widespread attention from the market.

Related Token Performance: LLM: +26% (24h)

How to Participate: LLM combines AI with memes, offering strong virality. Investors should keep an eye on LLM and similar meme tokens to seize potential opportunities.

Next Focus

BTC

Reason for Focus: Bitcoin has seen large fluctuations, driven by factors such as economic data and the upcoming U.S. presidency. There is a clear divide between bulls and bears, with macroeconomic conditions and policy expectations currently dominating market sentiment.

How to Participate: Investors should closely monitor changes in market sentiment and macroeconomic policies to make informed decisions.

CoinEx Daily: Market Continues to Drop Significantly Overnight