Market Overview • Price: $118,779, down 3.1% from historical peak • Key Levels: Support at $116,359, Resistance at $120,000 • Market Parameters: Market cap share 58.6%, Daily trading volume $61.8 billion
Policy and Technology Drivers • Three major U.S. institutions promote friendly policies: CFTC opens spot trading, SEC 'Project Crypto' • Trump administration's strategic reserve plan continues to absorb assets • Japan's SBI Holdings submits XRP/BTC mixed ETF application • Off-exchange reserves drop to 155,000, a historical low, indicating a trend of hoarding coins
Community Sentiment • Bullish sentiment at 85.28%, core arguments: ETF progress, Layer 2 ecosystem expansion • Technical divergence: Some believe we are at the end of the fifth wave and should be cautious of a pullback • Potential risks: August options expiration impact, uncertainty of U.S. election policies
Regarding the future trend of Bitcoin, there are relatively more optimistic voices in the market. Some institutions expect Bitcoin to rise to $135,000 in the third quarter of this year, and to surge to $200,000 by the end of the year. However, some analysts warn that Bitcoin's price is highly volatile, and geopolitical crises, inflation, and other financial risks, as well as major political events, could all impact the market. Investors should pay attention to market dynamics and invest cautiously.
From August 9 to 11, the price of Ethereum (ETH) repeatedly broke through the $4300 mark, reaching a new high since December 2021. On August 9, ETH easily surpassed the highest point of $4100 since 2024, and surged to $4300, peaking at $4332. On August 10, Ethereum's trading price briefly exceeded $4300, and by 1:30 PM that day, Ethereum was reported at $4224.67, up 1.1% over the past 24 hours. On August 11, Ethereum once again rose above $4300.
The primary reasons for ETH's price breaking through $4300 are as follows:
Institutional Fund Inflows: Over the past four weeks, net inflows into U.S. spot Ethereum ETFs have reached as high as $5.37 billion. On just August 8, the ETH spot ETF recorded a net inflow of $461 million in a single day. On August 10, the relevant ETF inflow reached $222 million, with a cumulative net inflow of $326 million over the past week. BlackRock increased its holdings by 65,000 ETH, valued at approximately $271.8 million, indicating traditional financial giants' optimism about Ethereum's asset value.
Strong On-Chain Data Performance: Currently, over 15% of the circulating supply of ETH has been staked, setting a new historical high, indicating long-term holders' confidence in Ethereum's future value. Meanwhile, the number of daily active addresses on the Ethereum network has surpassed 350,000, with daily transaction volume reaching 1.74 million, reflecting a healthy growth rate in network usage. Additionally, both long-term holders and new investors have shown positive behavior, with Vitalik Buterin's personal holdings exceeding $1 billion, re-entering the ranks of on-chain billionaires.
From a technical standpoint, ETH/USD has formed a clear upward channel, consistently setting higher lows and higher highs since mid-April. The breakthrough on August 9 confirmed the validity of the upward channel, and currently, Ethereum's key support level has moved up to $4100, with short-term resistance in the $4350-$4400 range. A breakout will directly challenge the historical high of $4800.
At the same time, if macroeconomic policies change, such as the Federal Reserve delaying interest rate cuts or tightening cryptocurrency regulations, it may suppress upward momentum. Additionally, the cryptocurrency market is highly volatile, and sudden shifts in market sentiment could also trigger unexpected pullback risks. #ETH突破4300
From August 9 to 11, the price of Ethereum (ETH) repeatedly broke through the $4300 mark, reaching a new high since December 2021. On August 9, ETH easily surpassed the highest point of $4100 since 2024, and surged to $4300, peaking at $4332. On August 10, Ethereum's trading price briefly exceeded $4300, and by 1:30 PM that day, Ethereum was reported at $4224.67, up 1.1% over the past 24 hours. On August 11, Ethereum once again rose above $4300.
The primary reasons for ETH's price breaking through $4300 are as follows:
Institutional Fund Inflows: Over the past four weeks, net inflows into U.S. spot Ethereum ETFs have reached as high as $5.37 billion. On just August 8, the ETH spot ETF recorded a net inflow of $461 million in a single day. On August 10, the relevant ETF inflow reached $222 million, with a cumulative net inflow of $326 million over the past week. BlackRock increased its holdings by 65,000 ETH, valued at approximately $271.8 million, indicating traditional financial giants' optimism about Ethereum's asset value.
Strong On-Chain Data Performance: Currently, over 15% of the circulating supply of ETH has been staked, setting a new historical high, indicating long-term holders' confidence in Ethereum's future value. Meanwhile, the number of daily active addresses on the Ethereum network has surpassed 350,000, with daily transaction volume reaching 1.74 million, reflecting a healthy growth rate in network usage. Additionally, both long-term holders and new investors have shown positive behavior, with Vitalik Buterin's personal holdings exceeding $1 billion, re-entering the ranks of on-chain billionaires.
From a technical standpoint, ETH/USD has formed a clear upward channel, consistently setting higher lows and higher highs since mid-April. The breakthrough on August 9 confirmed the validity of the upward channel, and currently, Ethereum's key support level has moved up to $4100, with short-term resistance in the $4350-$4400 range. A breakout will directly challenge the historical high of $4800.
At the same time, if macroeconomic policies change, such as the Federal Reserve delaying interest rate cuts or tightening cryptocurrency regulations, it may suppress upward momentum. Additionally, the cryptocurrency market is highly volatile, and sudden shifts in market sentiment could also trigger unexpected pullback risks. #ETH突破4300
The crypto world moves fast — but ENA isn’t just keeping up… it’s leading the charge. ⚡
🌟 Why ENA is Different: • Powering next-gen DeFi innovations • Designed for scalability & real-world adoption • A community that thrives together 💪
With trading volume climbing 📈 and partnerships on the horizon, ENA could be the next breakout star. The market’s attention is shifting — don’t be the one who looks back wishing you saw it earlier.
Huma Finance (HUMA): Turn future income into cash instantly, no worries when you need money! Every day, in simple terms, we help you understand a project, today we talk about Huma Finance! What is Huma Finance? In simple terms, Huma allows you to borrow money using "future money" (like next month's salary or outstanding payments from clients), with quick access, automatic repayment, designed to solve urgent money problems for ordinary people and small businesses. Core function, understand in one sentence: Huma is like giving your future income a "credit card": • Borrow using "future money": No need to mortgage your house or car, just use your salary, invoices, or remittances to get a loan. • System evaluates in seconds: Checks your income records, if reliable, funds can be disbursed in minutes. • Automatic repayment: Once your salary or client payment arrives, the system automatically deducts payments, worry-free! Core advantages, why choose Huma? • Ultra-low threshold: No assets needed to borrow, just a stable income is sufficient. • Super fast borrowing: Funds arrive in minutes, no worries about rent or equipment repairs. • No repayment pressure: Automatic deductions, no fear of overdue payments. • Generous limits: Can borrow 70%-90% of future income, higher than traditional loans. What makes it attractive? • Extremely friendly: Ordinary workers and small businesses can borrow money, traditional banks ignore you, Huma gives you a chance! • Solves real pain points: Salary delays, clients dragging payments, Huma helps you turn around quickly. • Backed by blockchain: Smart contracts run automatically, transparent and secure, no one can interfere. @Huma Finance 🟣 #humaFinsnce $HUMA Summary: Huma Finance allows you to use your "future money" now, fast borrowing, easy repayment, designed for ordinary people and small businesses, aiming to make borrowing simple and fair, accessible to everyone!
Huma Finance (HUMA): Turn future income into cash instantly, no worries when you need money! Every day, in simple terms, we help you understand a project, today we talk about Huma Finance! What is Huma Finance? In simple terms, Huma allows you to borrow money using "future money" (like next month's salary or outstanding payments from clients), with quick access, automatic repayment, designed to solve urgent money problems for ordinary people and small businesses. Core function, understand in one sentence: Huma is like giving your future income a "credit card": • Borrow using "future money": No need to mortgage your house or car, just use your salary, invoices, or remittances to get a loan. • System evaluates in seconds: Checks your income records, if reliable, funds can be disbursed in minutes. • Automatic repayment: Once your salary or client payment arrives, the system automatically deducts payments, worry-free! Core advantages, why choose Huma? • Ultra-low threshold: No assets needed to borrow, just a stable income is sufficient. • Super fast borrowing: Funds arrive in minutes, no worries about rent or equipment repairs. • No repayment pressure: Automatic deductions, no fear of overdue payments. • Generous limits: Can borrow 70%-90% of future income, higher than traditional loans. What makes it attractive? • Extremely friendly: Ordinary workers and small businesses can borrow money, traditional banks ignore you, Huma gives you a chance! • Solves real pain points: Salary delays, clients dragging payments, Huma helps you turn around quickly. • Backed by blockchain: Smart contracts run automatically, transparent and secure, no one can interfere. @Huma Finance 🟣 #humaFinsnce $HUMA Summary: Huma Finance allows you to use your "future money" now, fast borrowing, easy repayment, designed for ordinary people and small businesses, aiming to make borrowing simple and fair, accessible to everyone!
Bubblemaps innovates on-chain data analysis, revealing hidden on-chain connections through the visualization of token distribution and wallet clusters, helping traders quickly assess project fairness and avoid potential scams in the Meme coin frenzy. $BMT tokens empower Intel Desk, allowing the community to crowdsource investigations, share insights, and earn rewards. Its transparent architecture clearly displays holding concentration, ensuring a commitment to decentralization. Join @Bubblemaps.io aps.io to experience #Bubblemaps and $BMT to grasp the on-chain truth and trade with more confidence!
In the world of DeFi, floating yields have long been the norm, but the real breakthrough comes from @Treehouse Official useFi — an innovative protocol focused on bringing fixed income solutions on-chain. Treehouse enables users to achieve stable, predictable returns just like in TradFi through sophisticated on-chain mechanisms and risk modeling. In today's environment of increasing uncertainty in the crypto market, $TREE offers a more robust option. Embrace the future, starting from #Treehouse .
No matter which chain or wallet you use, @WalletConnect can safely take you directly to the DApp you want to use. #WalletConnect nect is powered by the $WCT T token, making cross-chain interactions simpler and smoother. Does the wallet you are currently using support WalletConnect?
@Succinct Create an efficient and easy-to-use zero-knowledge proof network, SP1 has outstanding performance and does not require complex infrastructure. #Succinctlab uses $PROVE tokens to incentivize the ecosystem, what do you think about the future of zero-knowledge?
@The Notcoin Official coin is the flagship token in the TON ecosystem, $NOT attracted over 2.8 million on-chain holders through a simple and fun chat mining game, with 61% of the supply in circulation, and a total distribution exceeding 220 million USD. #NOTCOİN has achieved over 1 billion USD in decentralized trading volume, and is listed on 15 exchanges including Binance, Bybit, and OKX, with 96% of tokens flowing to the community, truly reflecting community ownership and influence. Notcoin is the best choice for getting started with Web3 games and digital currencies! #Notcoin👀🔥
@Caldera Official eraxyz builds a modular and interconnected blockchain internet using Rollup technology. #Caldera makes dedicated chain deployment faster and more powerful, $ERA token-driven ecological governance and incentives. Will you build your own chain using Caldera?
@Solayer uses InfiniSVM to create ultra-fast hardware-accelerated Layer 1, supporting millions of TPS and low latency! #BuiltonSolayer combines with the Emerald card, earn rewards while spending, $SAYER is truly a new artifact for on-chain payments! Have you tried it?
🚀Market outlook on the afternoon of November 8.🚀 $BTC Perspective: The main currency broke through with volume at 121516, the hourly closing price settled above 121516; those on the right can cautiously enter long positions with light leverage, but set a stop-loss if it breaks. If it drops below 120000 with volume and fails to recover, enter short positions on the right, and set a stop-loss if it recovers. Pay attention to changes in volume and ensure to set stop-losses. When it drops to 118809 and shows a false breakdown, enter an additional long position; if it breaks below the false breakdown low or drops below 118057, set a stop-loss. If you can't recover, don't go long. 🚀 The main currency has broken through the hourly level and stabilized at 121789. Looking upward towards 123300-125131, it seems to be aiming for the previous high. When shorting the main currency, be cautious if 123300 shows a 2B false breakout and falls back; enter a light short position. If it breaks and stabilizes above 123927, you must set a stop-loss. Conservative players are waiting: long at 116355, set a stop-loss below 115345. Didn’t expect the main currency to break 120,000 before the US stock market opened; the triangle drawn in the chart broke the resistance at 120,000. Currently, the only resistance above is the previous high at 123300. Now, if you’re asked to chase the high, would you dare? I certainly wouldn’t; if I chase, it can only be with a small position to gamble on the main currency breaking the previous high. I won’t go all in, as the distance to the previous high is less than 2000 dollars, which is not cost-effective. I won’t risk a 5000 dollar pullback for a profit of 2000 dollars. Either miss out or wait for a retest that doesn’t break below 118000 to go long on the left side; as long as it doesn’t break the previous high, I’m still looking for a rebound, not a reversal. 🚀 Upper pressure: 123300-124331-125131 Lower support: 120559-119563-118008 If it drops below 120557 at the 4-hour level, look down to 119196-118045. Once below 120557, a pullback is expected.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$ETH Thought Process: The second currency broke through with volume at 4320, enter long positions on the right and set a stop-loss. If it drops below 4288 with volume, enter short positions on the right and ensure to set stop-losses.
On a pullback to 4182, confirm the support is effective for an additional long position; set a stop-loss below 4144. The second currency has stabilized at 4322 on the hourly level, looking upward towards 4385-4424. Above the second currency, watch for 4351 to enter a short position; set a stop-loss above 4385. Left side orders: long at 4106, set a stop-loss below 4070. 🚀 Upper pressure: 4320-4385-4424 Lower support: 4248-4200-4153 At the 4-hour level, if it drops below 4236, look down to 4191-4155. The hourly level of the second currency broke below the yellow bullish trend line yesterday but recovered. Now it has broken through the middle axis of the box; only when the upper boundary of the box is broken will it challenge the upper level of 4391 here. Meeting adjourned. $BTC #BTC重返12万
🧧A lifetime of memories, two cups of tea🍵 🧧Toasting to the mortal world, to the evening glow🌈 🧧Wishing to realize the financial dream in Hawk✌ 🧧Who will share the journey with me to the ends of the earth?🤝 ⏰💍⏰💍⏰💍⏰💍 #Hawk surpassing #SHIB as the first goal😍 100 million people globally holding Hawk as the second goal👍 Who is willing to share the journey with me in Hawk? Is it you? Let me know in the comments👏👏👏 #币安Alpha上新 #美SEC批准流动性质押 #BTC
🧧How many autumns can one have in life, 🧧past events are like smoke flowing away 🧧Halfway through life, don’t look back 🤣 encounter #Hawk and quickly possess it😍 🧧The rest of your life will be worry-free ✌ financial freedom to roam freely ✌✌ #特朗普加密新政 #ETH巨鲸增持 #BTC重返12万 #Hawk
What exactly is BB Coin good for on BounceBit? Why is it so popular?
Hey, lately I've been hearing people talk about BounceBit's BB Coin, saying how awesome it is. I thought, isn't it just a token? How could it be so powerful? But after a closer look, wow, this BB Coin is no ordinary coin; it's truly the "treasure chest" of the BounceBit ecosystem!
Let's talk about staking first. You want to become a validator node on BounceBit? It's like a property management company in a residential complex, helping maintain network security. But they require you to stake not only Bitcoin but also BB Coin. This makes the network more secure, and gives us coin holders peace of mind. Best of all, if you stake BB Coin when managing your finances on BounceBit Prime, your returns will be significantly higher than others. It's like being a VIP at a bank!
Let's talk about everyday use. Everything on BounceBit requires BB Coins, just like gas. BB coins are needed for transfers and smart contract operations. With their RWA financial management business booming and various mortgage lending businesses booming, BB coin usage is sure to increase. Think about it, with so many people using it, how can this coin not be valuable?
Finally, a word about voting rights. Holding BB coins is like buying a ticket to the community homeowners' meeting. We can vote on platform feature upgrades and rule changes. I hear there's going to be some DAO autonomy in the future, which would give coin holders even more say. Wouldn't that be true ownership?
So, BB coins are a real hot commodity in the BounceBit ecosystem. They're versatile and practical, and crucially, as the platform grows, their value is bound to soar. Those of you holding BB coins right now are probably laughing! #BounceBit @BounceBit #BounceBitprime