🌐 April 28, 2025, crypto market dynamics: BTC awaits the ETF storm, SOL on-chain recovery encounters cooling, Meme coins show unusual movements

🔥 Core market focus

❶ $BTC: ETF capital movements become the 'line of life and death'

- Key time point: Today's workday begins, and the market is closely watching the inflow/outflow data of US ETFs; overnight trends may determine the short-term direction.

- Institutional bets: MicroStrategy founder Michael Saylor hinted 'we will continue to increase our BTC holdings,' sparking market expectations for institutional capital support.

- Analyst viewpoint: If the capital flow trend continues (e.g., continuous net inflow into ETFs), BTC is expected to break the historical high of $735,000.

❷ $ETH: The rebound was short-lived, and the ecosystem collectively 'clocked out'

- Price performance: After a rebound in the early session, it fell back, leading to a general weakness in ETH ecosystem tokens (such as Layer2, DeFi protocols).

- Technological innovation: Vitalik stated 'account abstraction is only 50% complete,' with the future goal of making non-ECDSA accounts (like mobile/social logins) mainstream, but it is difficult to change market sentiment in the short term.

❸ $SOL: On-chain recovery struggles against selling pressure, is the ETF the only hope?

- Price collapse: SOL has fallen below the key support level of $150, and the on-chain recovery progress (such as alleviating network congestion) has failed to boost confidence.

- ETF benefits hedge:

- 🇨🇦 Canada has launched a physical Solana ETF, and the three giants in the US (Fidelity, VanEck, etc.) have received preliminary SEC approval for their spot ETF applications.

- Analysts believe: 'SOL is still favored by institutions in the long term, but in the short term, we need to observe whether funds are flowing back into the public chain sector.'

📊 Overview of other tokens and events

❶ Controversies and chaos

- $ALPHA: Mockingly dubbed 'meat grinder' by the community, the project team is suspected of not releasing tokens as agreed, and investors lack countermeasures (e.g., the $ACE clause amendment incident).

- WLFI: The founder is in secret talks with CZ in Abu Dhabi, discussing 'global expansion of crypto,' possibly brewing new cooperation.

- XRP derivatives: ProShares will launch three XRP futures leveraged ETFs (±2x volatility) on April 30, with the market betting on a spike in short-term volatility.

❷ Ecosystem dynamics

- Sui ecosystem: Haedal Protocol (staking protocol) will go live on Binance Alpha on the 29th and start an airdrop, with TGE on the same day, SUI on-chain TVL increased by 18% week-on-week.

- Meme coin market:

- $PENGU: After several months, it stands above $0.013, doubling within the month, and the floor price of its NFT series 'Pengu Army' has surged simultaneously.

- $HOSICO: Surpassing Bonk Inu to become the preferred project on the Solana launch platform, community FOMO sentiment is rising.

🚨 Institutional and regulatory signals

- Waterdrop Capital Accusation: Dashan claims 'nearly 40% of Binance-listed projects have not issued tokens as agreed,' investors face risks of clause amendments and reduced lock-up.

- Ronin co-founder decision: Sky Mavis terminates cooperation with the blockchain game (Ragnarok Monster World), primarily due to suspected 'non-compliance audit failure.'

🌟 Today's strategy tips

1. SOL: Below $150 may be an accumulation zone for institutions, but it needs to be accompanied by signals of large on-chain transfers.

2. Meme coins: Pay attention to whether $PENGU can break the resistance level of $0.015; NFT empowerment becomes a differentiated advantage.