The popularity of Yitai pledges is heating up; when will the 4000 mark be broken?
1. News Summary
1. Institutional Data for the Week
From the institutional data, it can be seen that institutions have been continuously buying Yitai this week, leading to a rapid rise in the Yitai market, approaching 3800. With supportive market news, the main purchasing institution is BlackRock. Whether the market can continue to rise depends on whether this institution can sustain its purchases of Yitai and Bitcoin.
2. Market News
From the market news, after BlackRock submitted the ETF application for pledging Yitai, the market began to accumulate Yitai in large quantities, and the price of Yitai also rose rapidly. As prices increased, institutions made large purchases, with the primary driving force and positions still coming from market institutions, boosting positive news and market increases. There are basically no significant news impacts next week; focus on Powell's speech on Tuesday night. Yitai is likely to continue rising in the near term, with recent resistance around 3740 and upper resistance around 3850.
3. Market Sentiment
From the perspective of market sentiment, the rise of Yitai has not driven an increase in market sentiment; instead, there has been a decline in market sentiment. Will there be a significant rebound in market sentiment in the last week of July? #以太坊突破3700 $ETH
