Today's market analysis:
1. BTC:
Bitcoin is still in a volatile stage, and altcoins have rebounded from oversold.
After falling too fast in the previous period, the market is in a sideways state, waiting for the moving average to converge.
The US stock market is also currently sideways, and the market is waiting for Powell's speech on Capitol Hill.
2. Market hot spot update:
ETH ecosystem:
Tokens such as ENS, TIA, DYM, and XAI rebounded. ETH ETF is expected to be approved next week. The XAI team will continue to lock up for 6 months, and the unlocking ratio of circulation will drop from 71% to 36%. TIA plans to unlock 120% of the circulation by the end of October.
Meme coin rebound:
Meme coins such as NOT, BONK, and PEPE rebounded, and Meme is still the sector with the strongest rebound.
Public chain SOL rebound:
SOL rebounded, and SOL ETF can only be passed if Trump wins. BILLY in the SOL ecosystem rose 60%, approaching a new high. WIF's market maker Ansem may be building a position in BILLY.
DeBank airdrop:
On-chain address tracking platform DeBank airdrops points XP. DeBank and wallet Rabby are both developed by a Chinese team.
