Heavy Explosion Information Collection!
#BTC, #ETH, #SOL performed steadily over the weekend, with all three retreating near the 7-day EMA.
Approximately $3.9 billion worth of ETH is queued to exit the Ethereum PoS network, while about $1.16 billion ETH is waiting to join, noting potential market selling pressure!
LINK performed strongly, reaching $26.5, creating a recent new high, possibly due to the LINK reserve plan and on-chain inflows triggering FOMO sentiment.
OKB briefly touched $132, with a circulating market value of about $2.4 billion. After updating the economic model and upgrading, X Layer chain data performance improved, and MEME coins are active.
SOLV and #BERA are gaining popularity, possibly due to the former announcing a new BTC on-chain yield model and the latter's high-yield strategy sparking discussions in the community.
BTC market share dropped to 59.4%, while altcoin market cap increased by 3.06% over the past week.
The Fear and Greed Index is at 60, indicating that market sentiment is still in a greedy state. Market sentiment could ignite at any moment.
The Base ecosystem DeFi execution platform Definitive (#EDGE) has risen for two consecutive months, with a total market value exceeding $700 million. The BASE chain hotspots switch quickly~
This week's macro outlook: The Federal Reserve meeting minutes and latest unemployment figures will be released on Thursday, and Powell will speak at the central bank annual meeting on Friday.
BTC and ETH are in a fierce short-term tug-of-war, with whales frequently entering and exiting with high leverage, evident short-term fluctuations, and the market cautiously waiting for key price confirmation; -On the macro front, PPI is bearish and the technical structure is leaning bearish, increasing short-term correction risks, but medium to long-term bull market expectations remain, with mainstream coin capital flow being dispersed and overall market sentiment being highly watchful.
