Overview

Cryptocurrency markets are seeing mixed dynamics today, with Bitcoin trading at highs and the Ethereum ETF experiencing net outflows. Solana ETF gets Brazilian approval, Tron ecosystem token performs well. At the same time, the DeFi and NFT sectors continue to receive market attention, and new projects and related new features continue to emerge.

Daily Macro

Bitcoin ETF Bitcoin ETF’s net inflow reached $32.6 million yesterday, showing the market’s continued interest in Bitcoin.

Ethereum ETF In contrast to Bitcoin, the Ethereum ETF accumulated a net outflow of US$33.26 million yesterday, and market attention has declined.

Macroeconomic Data Macroeconomic data such as US stock market fluctuations have an impact on the cryptocurrency market, and the Bitcoin price follows suit.

Daily Focus

DeFi:

Reason for Focus: Innovation and applications in the DeFi field continue to expand, bringing new growth points to the market.

Rise of tokens in related sectors:

- $AAVE: The overall sector’s rebound in popularity coupled with the recent significant upgrade of project economic models have favored the market.

Market Outlook: The DeFi sector is expected to continue to be favored by the market. With the implementation of more projects and user participation, the market outlook is promising.

Meme:

Reason for Focus: New meme distribution platform in the market and related wealth creation effects.

Rise of tokens in related sectors:

- $SUNDOG: The leading Meme token issued on Sunpump, with high popularity and trading volume.

Market Outlook: The current macro liquidity is still insufficient, the Meme track is still favored by hot money, and there will be related phenomenal Meme tokens in the future.

Next Focus

Potential hot sectors:

- As Babylon’s Bitcoin staking mainnet launch approaches, it is expected to have a significant impact on the market, especially for Bitcoin-related assets.

- Binance Launchpool announced the listing of Dogs (DOGS), which may lead to an increase in Ton ecological related assets.

CoinEx Daily: Bitcoin fluctuates at highs, while Ethereum ETF experiences net outflows, and new hot spots begin to emerge