CoinEx Daily：Weekend Market Downturn, General Weakness

Overview

The market continued to weaken over the weekend, with Bitcoin trending downward and altcoins undergoing significant corrections, reflecting a sluggish sentiment overall.

Daily Macro

Bitcoin Market Performance: Bitcoin continued its decline, with the price falling below $94,000.

Bitcoin ETF: Last Friday, Bitcoin ETFs experienced a net outflow of $277M.

Ethereum ETF: Last Friday, Ethereum ETFs saw a net outflow of $75M.

Macro Economic Data: According to CME data, the probability of the Federal Reserve maintaining current interest rates in January 2025 is 91.4%, with an 8.6% chance of a 25bps rate cut.

Daily Focus

ENA

Reason for Focus: Data revealed that a whale unstaked and sold a large quantity of ENA on exchanges over the weekend, leading to a decline in its price.

Related Token Performance: ENA: +4.6% (24h)

How to Participate: While ENA has recently shown impressive performance, this sell-off signals potential risks. Investors should closely monitor the market trends and manage their risk accordingly.

Next Focus

HYPE

Reason for Focus: Amid the sluggish market sentiment, HYPE has shown relative resilience, reaching a new high of $37 over the weekend, indicating robust momentum.

How to Participate: With the rapid development of the Hyperliquid ecosystem, investors should focus on this emerging project and watch the performance of related tokens within the ecosystem to seize investment opportunities.