2024.4.3 Coin Circle Information

On April 2, there was a new turning point in ETF data. For the first time, the outflow of 9 new institutions exceeded GBTC (Grayscale). Yesterday, ARKB outflows were 1,325, exceeding Grayscale’s 1,240, but the overall net inflow was still 609 .

Yesterday, several Federal Reserve spokesmen in the United States predicted that there would be three occurrences this year. Therefore, the power of the easing cycle in the second half of this year is definitely not over yet. Logically speaking, U.S. dollar risk assets will still be in a bull market this year. Stop calling cow over.

Yesterday's new ENA was really snapped up as soon as it went online. Logically speaking, it is actually similar to ONDO's logic. Coupled with its super high TVL and the recent RWA craze, apart from a slightly higher market value, there should be no other problems. .

Now some institutions have started to CX MEME coins. Looking at the counterfeit market yesterday, the trend of MEME coins is quite strong. Every bull market is really different. When everyone generally thinks that garbage like Zoo MEME is flying around, the market will be bad. It was about to collapse, but this time it was one of the strongest sectors. It’s not in vain that I have been saying that MEME currency may become the main theme of this event a few days ago. Those who know it is a bubble but still dare to embrace the bubble and escape unscathed are the truly successful traders.

Tether is minting 1 billion authorized but unissued USDT on the Tron network. It just said yesterday that the money is not enough, and it will be ready to print today.

Market interpretation

It seems that the pie finally held up at 65,000. Did everyone help hold it up? Let me see who participated in the defense of 65,000. Please leave your name if you come!

In the short term today, all levels within the daily line have gradually stabilized, but whether it will continue to rebound depends on tonight. All hourly levels are in the process of repair, and the daily level is not clear yet. We need to wait for the opening of US stocks in the evening. However, if this big double top structure wants to reverse, it needs to stand at least back to 68,000. It is not impossible, but I think the short-term trend is still more likely to be downward, and we should test 60,000 again. The support of the -62000 range

The ETH/BTC exchange rate fell below 0.05, once again setting a new low since the launch of the ETF. However, the TVL of the entire restake agreement exceeded 8 billion US dollars, and everyone was playing with matryoshka dolls.

The exchange rate of SOL/BTC is still strong. It does not fall but rises. It is a bit contrary to the trend. Please wait patiently for the arrival of ATH.

Today's Panic Greed Index: 71 (Greed)

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