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.

CoinEx Daily：Weekend Market Downturn, General Weakness