Overall market trend

The current cryptocurrency market shows a divergence: Bitcoin ($BTC) is fluctuating around $110,000, with short-term support at $107,000-$108,900. If it breaks down, it may test $93,000-$95,000. Ethereum ($ETH) is supported by institutional funds and ETF inflows but faces short-term selling pressure from the release of a million ETH from staking. Solana ($SOL) is testing the $205 resistance level due to increased ecosystem activity.

Market sentiment is neutral to cautious, with the growth rate of stablecoin liquidity slowing down. Institutional funds continue to enter through ETFs (e.g., Goldman Sachs holds $721 million in ETH ETF), but the altcoin season has not yet started (Altcoin index at 44, below the 75 threshold). Macro attention is on the Fed's interest rate cut expectations in September, which may boost risk assets.

Risk points: BTC weekly top divergence, some altcoins (like $YZY) have over 80% of traders in loss, caution against high volatility. In the long term, compliance (like stablecoins, RWA) and institutionalization (ETF, corporate holdings) remain the main themes.

Mainstream coins

$BTC

Recently fluctuating around $112K, with short-term attention on $110K support. If it breaks down, it may test $105,000-$107,000. South Korean institutions bought $40 million in $BTC, indicating inflow of Asian funds. However, weakened ETF inflows and insufficient buying power may lead to selling pressure. The key is whether Friday's PCE data can boost sentiment. Cautious in the short term; consider going long if it breaks $112.5K.

$ETH

Short-term bullish to $5K, with a $5B options expiry potentially pushing prices higher. Long-term benefits from institutional accumulation (9% of circulating supply locked) and ETF inflows ($1.5B/4 days). However, caution is needed regarding large sell pressure from Binance and high leverage risks on-chain. Key support at $3.5K, a breakthrough of $4.2K will confirm the upward trend.

$SOL

Recently showing strong performance, breaking through the $210 resistance level, with four consecutive weekly gains indicating bottom characteristics. Institutions like Galaxy and Jump have entered to accumulate coins, combined with high-performance chain narratives (not driven by meme), medium-term bullish to the $220-600 range. Short-term attention is needed on fluctuations around $210; if it breaks down, stop-loss is recommended. The SOL/BTC exchange rate has hit a 5-month high, stronger than ETH, consider accumulating at lower levels.

$HYPE

Recently reached a new high, benefiting from the strong performance of HyperliquidX and DeFi growth driven by stablecoins. However, be cautious of liquidity risks; the team's inconsistent handling of security incidents may affect trust. Bullish in the short term, but long-term improvements in governance need to be observed.

$BTR

Current price is $0.09, down from the public offering price of $0.20, but FDV is only $80 million, suggesting a potential oversell compared to the primary market valuation of $300 million. Short-term selling pressure mainly comes from airdrop unlocks (80% released in one go), but Bitlayer's multi-chain ecological layout (Solana/Sui, etc.) and the BTCFi track still have potential. If the BTC ecosystem warms up, BTR may have a rebound opportunity, but caution is needed regarding short-term liquidity risk.

$CRO

Recently surged to $0.32 due to Trump's collaboration and a $6.4 billion reserve plan, with a 70% increase in 24 hours. High short-term enthusiasm, but beware of unimplemented reserve risks. On-chain trading has surged, and ecological tokens $CDOG and $PUUSH are in demand. Medium to long-term view on ecological development; currently suitable for short-term participation, but caution is needed for high position chasing.

$LINK

Recently, the fundamentals are strong, Bitwise has submitted its first spot ETF application, and institutional interest is rising. Technically, a breakthrough of the $26 resistance level is needed to confirm the upward trend. If successful, a significant increase may follow. Meanwhile, ISO 27001 certification and SOC 2 compliance have enhanced its appeal to institutions. Short-term focus on the $26 key level, bullish in the medium to long term.

$SUI

Recently stabilized around $3.50, with a 1.09% increase in 24 hours. The technical aspect shows a double bottom pattern, with a target price of $4.4. Ecological development is rapid, with the USDC cross-chain bridge bringing in $6.9 billion in liquidity, and Momentum TVL reaching $148 million. However, be cautious of the authenticity controversy around TVL data. Bullish in the short term, but pay attention to the overall market trend.

$AVAX

Recently, performance has been strong, with a 5% increase in 24 hours and an 8% increase over the week. DEX trading volume has surpassed $10 billion, and the market cap of stablecoins has increased by $240 million, indicating strong capital inflows. The new CEO's appointment and DeFi growth may drive prices to the $30-50 range. Bullish in the short term, but competition pressure from BCHcoin needs to be noted.

$XRP

Recently showing a triangular convergence pattern, a breakout is imminent. CME futures positions have rapidly surpassed $1 billion, indicating strong institutional interest, but caution is needed as new coins like WLFI may divert funds. If the upper edge of the convergence is broken, consider going long, targeting $5. Keep a close eye on large transfer movements.

$DOLO

Recently pressured due to large chip sell-offs, on-chain data shows that the fifth-largest holding address sold 20 million before the Binance listing, bearish in the short term. However, as a core project of the WLFI ecosystem, long-term progress on products and USD1 concept development needs to be observed. Cautiously look for bottom signals.

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