CoinEx Daily：The Bitcoin market is volatile, and the ZkSync airdrop is about to begin

Overview

Daily Macro: Today, the Bitcoin market experienced significant fluctuations, with prices ranging between $66,000 and $70,000. Trading volumes have increased, and market sentiment remains volatile. Bitcoin ETF inflows have notably risen, indicating growing investor interest in Bitcoin. On the macroeconomic front, US stock markets saw a slight uptick, CPI data remained stable, and unemployment rates slightly decreased, all of which have an impact on the crypto market.

Daily Focus: Today's focus is on the performance of the Rune sector and the progress of the ZkSync airdrop. In the Rune sector, $COOK has ended its minting process, causing noticeable market fluctuations. The ZkSync airdrop is about to start and is expected to have a significant impact on the market.

Next Focus: In the coming days, the LayerZero airdrop will be a major market highlight. Participants have the opportunity to receive triple rewards, likely driving up related asset prices.

Daily Macro

Bitcoin Market Situation Bitcoin opened today at $66,000, reached a high of $70,000, a low of $66,000, and is currently trading at approximately $67,500. Market analysis shows that Bitcoin has been showing signs of a pullback recently, primarily due to reduced trading volume, a death cross in moving averages, and weakening MACD indicators, suggesting potential downward pressure in the near future​​.

Bitcoin ETF Situation Recently, Bitcoin ETF inflows have increased significantly. According to the latest data, Bitcoin ETF inflows totaled $50 million last week, reflecting strong investor interest in Bitcoin​​.

Macroeconomic Data

The US stock market was stable today, with the Dow Jones up 0.5% and the S&P 500 index up 0.3%.

The latest CPI data showed an inflation rate holding steady at 3.8%, unchanged from last month.

The unemployment rate slightly decreased to 4.2%.

Daily Focus

Rune Sector

Reasons for Increase: In the Rune sector, the end of the minting process for Rune 37 $COOK has led to increased demand for the token. Additionally, lower on-chain GAS fees have stimulated trading activity​​.

Performance of Related Tokens:

$COOK increased by 5.2% today, with a market cap of approximately $10.93 million.

$DOG rose by 1.47%, with a market cap of $678 million.

$RUNECOIN increased by 0.63%, with a market cap of $159 million​​.

Outlook: With the end of $COOK minting, the market's focus on Rune is expected to continue to grow, and prices are likely to remain on an upward trend in the short term. However, it is essential to monitor overall market volatility and guard against potential corrections.

ZkSync Airdrop

Reasons for Increase: The ZkSync airdrop is about to start, with the airdrop amount accounting for 17.5% of the total token supply, most of which will be distributed to users, significantly increasing market participation​​.

Performance of Related Tokens:

$ZK is expected to experience significant volatility following the start of the airdrop.

Future Analysis: In the short term, the ZkSync airdrop will significantly boost market activity and attention. After the airdrop ends, it will be crucial to watch for potential selling pressure on $ZK.

Next Focus

LayerZero Airdrop

Potential Reasons: The upcoming LayerZero airdrop will attract a large number of early participants and is expected to have a significant market impact. This airdrop will reward early traders with triple tokens, greatly increasing market participation and trading volumes​​.

Related Assets: The LayerZero airdrop is likely to drive up the price of $LZ tokens and also positively affect other tokens related to the LayerZero ecosystem.

How to Participate: Participants need to meet the criteria for early traders and claim on the designated platform. Specific participation details will be announced through LayerZero’s official website and community channels.