Morning Brief: US Stocks Drag Down the Market, Crypto Not at Fault
📈 Market Overview: US stocks plummeted, BTC & ETH under pressure
1️⃣ $BTC | Continuous outflow from ETF, fell below 80,000
🔹 Intraday high of 84,000, lowest dropped to 77,000, a decline of over 6%;
🔹 Bitcoin spot ETF funds continue to flow out, short-term market sentiment is pessimistic.
2️⃣ $ETH | On-chain liquidation wave, ETH spot ETF funds flowing out
🔹 Large holders abandoned rescue efforts, liquidations spread from 1,900;
🔹 Net outflow of over 10,000 ETH from ETH spot ETF.
3️⃣ $SOL | Key support tested, decline over 12%
🔹 Brief rise to 131 in the afternoon, then dropped to 115, returning to last year's starting position;
🔹 Whether it can hold depends on overall market liquidity.
🌍 Policy & Regulatory Dynamics
4️⃣ Trump plans to sign a new executive order to lift restrictions on crypto banks and adjust stablecoin regulation;
5️⃣ Paraguay and El Salvador sign MOU to strengthen cooperation on digital asset regulation;
6️⃣ SEC acting chair Mark Uyeda promotes the withdrawal of the proposal to expand regulation of crypto exchanges;
7️⃣ New regulations in the Cayman Islands require cryptocurrency custody and trading companies to obtain licenses.
🔥 Institutional & Exchange Dynamics
8️⃣ Sol Strategies acquires three Solana validators, appoints Michael Hubbard as Chief Strategy Officer;
9️⃣ @base continues to see inflows, on-chain gold dogs are abundant;
🔹 Unfortunately, the drop in ETH price affects overall market sentiment.
🔟 Coinbase plans to launch 24/7 BTC & ETH futures contracts in the US;
11️⃣ @movementlabsxyz public mainnet Beta version has gone live;
12️⃣ USDC Treasury burned 102 million USDC on the Ethereum chain;
🔹 Large holder funds flowing out, possibly affected by market sentiment.
📊 US Stocks Plunge, Market Risk Aversion Intensifies
13️⃣ US stocks' "Black Monday," $TESLA plummeted 15%, marking the largest single-day drop since 2020;
14️⃣ The market value of the seven tech giants evaporated by 830 billion dollars in a single day, setting a historical record for losses.
📌 Trading Thoughts: Market Enters Hellish Difficulty, Pay Attention to US Stock Bottoming Signals
🔹 Short-term market still dominated by macro factors, US stock downtrend continues, Crypto will still be under pressure;
🔹 Funds begin to flee, cautious sentiment prevails, advised to be prudent in bottom fishing;
