The cryptocurrency market has recently experienced a deep correction, with BTC falling below $110,000 and ETH dropping to $4,365, resulting in over $900 million in liquidations across the network within 24 hours. The main reasons are whale sell-offs, ETF fund outflows, and the liquidation of leveraged long positions. Institutions like VanEck remain optimistic about BTC, but market sentiment is generally pessimistic. In the short term, continued volatility is possible, with key support levels between $100,000 and $107,000. In the long term, institutional fund inflows and Federal Reserve policies remain important influencing factors.

Mainstream coins

$BTC

In the short term, under pressure, there may be rebound opportunities after falling below $110,000. Institutions continue to accumulate, but short-term selling pressure is increasing. Pay attention to the support range of $111K-$112K; if stability is achieved, consider phased accumulation. In the long term, 3% of the total supply is held by strategies, indicating strong fundamentals.


$ETH

ETF inflows surpassing $BTC indicate significant institutional accumulation, but short-term overbought conditions may lead to corrections. Key support levels are between $3,900 and $4,100, with a long-term bullish outlook to $10,000. Liquidity tightening and large holders hoarding coins suggest accumulating during dips.


$SOL

Recently, institutional demand has been strong, with Pantera, Galaxy, and others planning to raise over $1B to establish a SOL Treasury, coupled with the launch of a high-yield staking program for pxSOL, leading to a bullish outlook in the short term. However, market sentiment fluctuations should be noted; if BTC continues to correct, it may drag SOL down. Support at $120 and resistance at $180.


$BNB

Recently received strong institutional support, with B Strategy planning to establish a $1 billion fund focused on investing in the BNB ecosystem, combined with CZ's $200 million buy support, leading to a bullish outlook in the short term. However, caution is warranted regarding overall market volatility, as excessive concentration in ETH reserves might trigger a correction. The expansion of the BNB ecosystem and institutional entry indicate strong fundamentals in the medium to long term.


$HYPE

Recently, performance has been strong, being one of the few assets that have risen against the trend. Although there are valuation disputes with $PUMP, its revenue growth is significant (30-day EMA hitting new highs), and the SWPE ratio is at a low level, indicating possible undervaluation. A correction during a bull market may provide buying opportunities, but caution is needed regarding overvaluation risks. In the short term, the outlook is bullish, but attention should be paid to capital flows and market competition.


$SUI

Recent performance is noteworthy. Despite a sluggish market, DEX trading volume grew by 21% in Q2, with account numbers surpassing 280 million, indicating strong fundamentals. Innovations like zkLogin and the Slush wallet have enhanced user experience, potentially driving adoption. The outlook is bullish in the short term, but attention should be paid to the rise of competing chains like $SEI. Consider monitoring the ecological progress released by SuiRL Camp.


$LINK

Recent trading volumes have reached new highs for the year, indicating active capital. The collaboration with SBI and cross-chain deployments (such as Hyperliquid) strengthen the fundamentals. However, in the short term, there are whales taking profits, so caution is warranted regarding potential corrections. In the medium to long term, ecological expansion and institutional collaborations support a bullish logic, making it more prudent to accumulate during dips.


$AVAX

Recently gained market attention due to Grayscale submitting an ETF application, with potential for speculative opportunities in the short term. However, caution is advised regarding overall market volatility; if BTC continues to decline, it may drag down AVAX. In the medium to long term, if the ETF is approved, it will bring incremental funds, but current observation of the SEC's stance is necessary. Consider accumulating during dips if key support levels hold.


$PENGU

Recent price movements are similar to historical meme coin oversold patterns, suggesting potential rebound opportunities. However, caution is advised due to weak fundamentals and dependence on market sentiment. If it breaks through all-time highs, it may be bullish; otherwise, proceed with caution. The latest tweets show that community interest remains, but it is necessary to assess this against overall market trends.


$TRX

Recently, due to collaborations with Hyperliquid, THORChain, and RWA layouts, market attention has increased, with a DEMA 34 signal appearing technically, suggesting a possible short-term rebound opportunity. However, the SEC's delay in ETF approvals may suppress sentiment, and attention should be paid to the breakthrough of the resistance level at $0.27. The on-chain USDT settlement advantage and compliance progress constitute long-term support.


$HOME

Recently, attention has focused on deflationary mechanisms and repurchase plans. The DAO repurchases 150% of the emission weekly, with 80% of protocol revenue used for buybacks, forming a value flywheel. Technically, the price is under pressure around $0.04, but long-term holders should pay attention to staking rewards and compounding opportunities from the XP system. If resistance levels are broken, a new upward trend may commence. It is recommended to watch for potential positive developments from Nansen Space this week.


$AAVE

Recently demonstrated strong fundamentals and technical signals. With v4 about to launch and the DAO treasury hitting new highs ($329 million), the protocol's stability and innovation are highlighted. On-chain data shows whales increased their holdings by 13.5% and exchange reserves decreased by 4.3%, indicating resilience during short-term corrections. If key resistance levels are broken, a trend reversal may occur. It is recommended to watch for buying opportunities before and after the v4 launch.

The above information is generated automatically by @xhunt_ai and does not constitute investment advice.