🗞"Morning Express"
📈 Real-time Market Quotes:
BTC:
Latest Price: $117,473
24h Change: +0.09%
Daily High/Low: $117,970 / $117,341
ETH:
Latest Price: $4,425.01
24h Change: -0.32%
Daily High/Low: $4,490.06 / $4,381.96
📰 Major Bullish/Bearish News:
- BTC's 200-day moving average broke through $100,000 for the first time, signaling a long-term bull market (bullish).
- ETH spot ETFs saw a total net inflow of approximately $2.9 billion today, indicating a significant rebound in institutional demand (bullish).
📊 ETH Long/Short Ratio:
- The ETH market is currently slightly bearish, with a 24-hour moving average of 1.575. Long approximately 49% / Short approximately 51%
🛂 Regulatory Updates:
- Hong Kong's Stablecoin Ordinance came into effect on August 1st, making Hong Kong one of the few frontier markets globally to issue licenses for stablecoins (positive for the development of stablecoin regulatory compliance).
🔍 Fund Flows:
- Institutions are focusing on the support structure of ETH ETFs and BTC's 200-day moving average. No significant whale-level inflows or outflows are expected in the short term.
🧠 Commentary:
- Although BTC has experienced slight fluctuations, its firming above the 200-day moving average provides a solid foundation for upward movement.
- Strong inflows into ETH ETFs have boosted market confidence. While the long-short ratio is slightly bearish, there is clear support from the funding side.
- The implementation of Hong Kong's stablecoin regulation has injected new momentum into the Asian compliant market; we recommend closely monitoring whether this leads to increased activity in the stablecoin sector.
- "BTC stabilizing above its 200-day moving average: do you think this is a bull market correction or a new bull market start?"
- "What do you think of the massive inflows into ETH ETFs? Will it trigger the next major rally?"
- "Hong Kong has finalized stablecoin regulations. Which chains or projects do you think will see increased activity?
