Overview

The price of Bitcoin has stopped falling and rebounded, returning above $56,000. It is currently fluctuating between $56,000 and $57,000. The Meme sector has rebounded significantly compared to other sectors, with some coins showing a strong rebound of over 50%.

Daily Macro

Bitcoin Market Bitcoin has rebounded to $56,000 and is currently fluctuating between $56,000 and $57,000.

Bitcoin ETF Preliminary reports on August 7 showed a net outflow of $148 million.

Ethereum ETF Preliminary reports on August 7 showed a net outflow of $11.59 million.

Macroeconomic Data After "Black Monday," funds took advantage of the low prices on Tuesday, driving a rebound in global stock markets following yesterday's plunge. Asia-Pacific stock markets surged significantly, recovering most of the losses from the previous day. Major U.S. stock indices collectively rose, ending a three-day losing streak.

Daily Focus

Meme

Reason for Focus: Compared to other sectors, the Meme sector has shown a significant rebound. Mainstream Memes such as PEPE, WIF, and BONK have rebounded by more than 20%, while others like GINNAN, KEYCAT, LOBO, SCF, CATDOG, NEIROETH, LOCKIN, MIGGLES, MEW, and DOG have rebounded by more than 50%.

Market Outlook: The strong rebound in the Meme sector not only reflects the market's optimism about its future potential but also indicates investors' tendency to seek high-return opportunities amid market volatility. Overall, market sentiment has somewhat improved, but investors should remain cautious as the market may retest its lows. It is important to closely monitor market dynamics and potential risks.

Next Focus

Bitcoin spot ETF

Reasons for Focus: On "Black Monday," the trading volume of Bitcoin spot ETFs reached a four-month high, exceeding $5 billion in a single day. However, amid the severe market fluctuations, 10 Bitcoin spot ETFs experienced net outflows for three consecutive days.

How to Participate: Ordinary users can track the changes and trading volumes of Bitcoin spot ETFs through data analysis platforms to understand institutional dynamics. This can help them respond to the potential impacts of market behavior.

CoinEx Daily：Bitcoin has rebounded to $56,000; the Meme sector has shown a strong rebound.