Analysis of the market on August 4, 2025
Market trend
BTC rebounded after a pullback, with ETH and altcoins following suit, and ENA performed the best.
U.S. stocks plummeted, and employment data was revised down. The market expects two interest rate cuts this year, with a 95% probability for a cut in September.
Market hotspots:
1. Stablecoin concepts like CFX, ENA, ResolV, CVX, etc., rebounded. ENA unlocked $100 million on August 5, accounting for 3% of the circulating supply. The main theme of the market remains stablecoins.
2. Public chain IP rose against the trend, and Grayscale issued trusts.
3. The base chain Zora rebounded; it is a social finance platform with Coinbase controlling it.
4. The troll of memes surged; it is a conspiracy group.
5. On Friday, Bitcoin and Ethereum ETFs saw significant capital outflows, with Bitcoin's outflow exceeding $800 million, setting a historical second-highest outflow record, and Ethereum also saw $150 million flowing out. It seems that institutions' purchases of crypto are heavily influenced by macro factors.
The market is always reborn after the storm; patience is required to seize the next wave.
