CoinEx Daily:Bitcoin Leads a Major Market Pullback; MicroStrategy Buys More BTC

Overview

Bitcoin pulled back to $94,000 before rebounding, but the rebound lacked the momentum seen yesterday. Preliminary voting results indicate that Microsoft shareholders have rejected the Bitcoin investment proposal, with the probability of approval dropping to 0% on Polymarket.

Daily Macro

Bitcoin Market Status: Bitcoin experienced another flash crash and is currently priced at $96,000, while the altcoin market remains sluggish.

Bitcoin ETF Activity: Bitcoin ETFs saw a net inflow of $439 million yesterday.

Ethereum ETF Activity: Ethereum ETFs recorded a net inflow of $224 million yesterday.

Macroeconomic Data: The U.S. will release weekly initial jobless claims (in tens of thousands) tomorrow.

Daily Focus

ME

Reason for Focus: The popular project Magic Eden opened its token claim activity yesterday. Users can claim tokens by interacting with the relevant website.

Related Token Performance (24h):

ME: -43%

Market Analysis: Network congestion occurred during the token claim process, and ME’s performance after launch has been underwhelming.

Next Focus

DEXX

Reason for Focus:The DEXX attacker has been laundering funds, transferring over 4,700 ETH to Tornado Cash so far, with 1,200 ETH remaining.

Market Analysis:Tokens related to the DEXX attack are likely to face selling pressure in the near term.