Overview

Today's market dynamics show that the holdings of Bitcoin ETF funds continue to grow, exceeding 1.07 million BTC, and Ethereum outperforms Bitcoin and SOL in terms of 7-day rise and fall. In addition, the altcoin market experienced violent fluctuations over the weekend, with some tokens such as $RARE and $SYN experiencing violent pullbacks, and the market speculated that market makers may intervene. The large unlocking of AVAX tokens and user withdrawal activity of DOGS tokens also attracted market attention.

Daily Macro

Bitcoin ETF On August 19, 40 Bitcoin ETF funds around the world held more than 1.07 million BTC, showing institutional investors' continued interest in Bitcoin.

Macroeconomic Data Economist Tom Porcelli believes that even if the interest rate is cut by 100 basis points, the Fed's policy is still tight, and Goldman Sachs predicts three consecutive 25 basis point interest rate cuts starting in September. These macroeconomic forecasts have a potential impact on the cryptocurrency market.

Daily Focus

Bitcoin ETF:

Reason for Focus: Increased holdings in Bitcoin ETFs reflect the active participation of institutional investors in the cryptocurrency market.

Rise of tokens in related sectors: The growth of Bitcoin ETF funds may drive the stability or increase of Bitcoin prices.

Market Outlook: As more institutional investors join, Bitcoin ETFs may become an important part of the cryptocurrency market, but their prices will also be affected by market fluctuations and other macroeconomic factors.

Unpopular altcoins on exchanges:

Reason for Focus: The violent fluctuations in the altcoin market, especially the violent pullbacks of $RARE and $SYN, have attracted great attention from the market.

Rise of tokens in related sectors: Altcoins such as $RARE and $SYN saw significant gains over the weekend.

Market Outlook: The altcoin market is highly volatile, and investors should remain cautious when participating and pay attention to market dynamics and potential banker operations.

Next Focus

Potential hot sectors: The cross-chain technology sector and the AI field may become new market hot spots. With the development and application of technology, these sectors may attract more investor attention.

Potential reasons: The development of cross-chain technology and innovation in AI technology may bring new growth points to the cryptocurrency market.

Related assets: Tokens related to cross-chain technology, as well as projects in the AI field may benefit.

How to participate: Investors can seize investment opportunities by researching related technologies, participating in project community activities, or following the release of new projects on Launchpad.

CoinEx Daily: Bitcoin ETF holdings hit record high, altcoin market volatility intensifies