BTC is currently priced at $59,700, while ETH is holding near $2,550. In terms of market sentiment, the Fear and Greed Index slipped to 29 points, clearly revealing that fear prevails in the market.
At the same time, the Shanzhai Season Index remained at a low of 20, indicating that the market activity outside the mainstream digital currency was not high. The total market capitalization reached $2.06 trillion, demonstrating the huge scale and influence of the cryptocurrency market.
In the latest developments, the well-known NFT trading platform Opensea received a warning notice from the SEC. The SEC believes that some NFT products on the platform have constituted securities attributes. This news undoubtedly casts a shadow on the NFT market.
On the other hand, Durov, the founder of social media giant Telegram, encountered legal difficulties in France. He was placed under judicial supervision, prohibited from leaving the country, and required to pay a bail of up to 5 million euros. This incident once again highlights the collision and friction between the crypto industry and the traditional legal system.
In terms of market data analysis, according to Santiment statistics, wallets holding 10 to 10,000 BTC have accumulated a staggering 133,300 BTC in the past month. Behind this data may be the layout and strategy adjustments of large investors.
In terms of strategy, some tokens such as MBOX and IMX may face pressure in the short term and become potential targets for short selling. On the other hand, tokens such as ORDI and TIA are favored as high-quality options for long-term holding due to their unique value proposition and market potential.
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