The crypto market has recently undergone a capital adjustment, with Bitcoin and Ethereum ETFs seeing outflows for three consecutive days, while altcoins like XRP and Cardano show signs of a breakout, and the new target Unilabs Finance has also gained attention due to its potential.
#Bitcoin #Ethereum ETF sees massive outflows, market sentiment turns to 'fear'.
On Tuesday, losses in cryptocurrency investment products widened, with Bitcoin and Ethereum ETF outflows reaching the second-highest this month. Among them, the spot Bitcoin ETF saw a single-day outflow of $523 million, surging over 300% compared to the previous day; the Ethereum ETF saw outflows of $422 million, doubling from Monday. To date, the two types of funds have recorded a total outflow of $1.3 billion over three consecutive days, while Bitcoin and Ethereum prices have retraced by 8.3% and 10.8%, respectively.
On the institutional level, Fidelity has become a major outflow force: its Bitcoin Fund (FBTC) saw an outflow of $247 million, and its Ethereum Fund (FETH) saw an outflow of $156 million, totaling $403 million in a single day. Grayscale has not been spared either, with the Bitcoin Trust (GBTC) seeing outflows of $116 million and the Ethereum Trust (ETHE) seeing outflows of $122 million.
In contrast, BlackRock has performed steadily, with no outflows from its Bitcoin ETF (IBIT) and only a minor outflow of $6 million from its Ethereum ETF (ETHA).
Market sentiment has turned cautious with the changing capital dynamics, as the cryptocurrency fear and greed index fell to 44 on Wednesday, entering the 'fear' zone.
However, analysts believe that short-term outflows do not indicate traditional funds withdrawing from the crypto market, but rather reflect normal trading adjustments by investors.
#XRP consolidates waiting for a breakout, with trading volume surging, releasing positive signals.
XRP has recently consolidated in the range of $3.0-$3.30, with short-term fluctuations, but the 90-day moving average remains on an upward trend, indicating that long-term investment interest has not diminished. More importantly, its daily trading volume surged over 100% in the past 24 hours, reaching $7.9 billion, with bulls firmly defending the key support level of $3.0.
Market analysis suggests that the surge in trading volume combined with solid support levels indicates that XRP is likely to break through $3.6 soon, setting a new 30-day high. Additionally, the positive news of the official conclusion of the SEC vs. Ripple lawsuit has not yet been fully digested, coupled with a high market share, further building momentum for the breakout.
#Cardano approaches $1, becoming a hot DeFi target.
Cardano has recently performed well, with a weekly surge of 20%, breaking through $0.9, and is just a step away from the $1 mark. Data shows that its trading volume has increased over 80% in the past 30 days, reaching $53 billion, with demand continuing to rise.
Currently, $0.90 has become a key support level, with market expectations that bullish rebounds could push prices above $1.50. Some analysts even predict a target price of $8-10 for this cycle, coupled with increased institutional interest in this Layer-1 token, the current price is seen as a good entry point, making it one of the most noteworthy DeFi tokens recently.
Unilabs Finance (#UNIL): undervalued target during the presale period, with considerable potential.
Besides mainstream altcoins, Unilabs Finance (UNIL), which is in the presale stage, has attracted attention. Its issue price of $0.0097 is considered severely undervalued, with early financing already exceeding $13.7 million. According to plan, the next round (ICO Phase 7) price will rise to $0.0108, and the final issue price is $0.05, indicating a potential increase of 415% over the current presale price.
As an AI-driven DeFi asset management platform, UNIL integrates the advantages of AI, DeFi, and traditional finance, planning to share institutional-level competitive advantages with retail investors, and will also reward users through profit sharing and regular airdrops. Although it shares similarities with Uniswap, which has a market capitalization of $14.5 billion, UNIL's low entry barriers and growth potential make it a promising target for investment this year.
The current crypto market presents a pattern of 'mainstream fund adjustments, altcoin accumulation,' where short-term outflows from ETFs do not alter the long-term observation value, while XRP's breakout expectations, Cardano's upward momentum, and UNIL's presale dividends provide investors with diversified attention directions.
