Secondary Market Daily 20250813

Market trend

The cryptocurrency market has recently performed strongly, with a total market capitalization exceeding $4 trillion. Ethereum (ETH) has been particularly outstanding, breaking through $4600, reaching a three-year high, and surpassing Netflix in market capitalization. Solana (SOL) has also exceeded $200 due to ecosystem development and institutional support. The market's expectation for the Federal Reserve to lower interest rates in September has intensified (with a probability of 91.8%), driving a broad rally in risk assets. However, caution is needed regarding high leverage risks, as the open interest in altcoin contracts has reached a historical high, increasing market vulnerability. Bitcoin's market share has fallen below 60%, and funds may shift towards altcoins. mainstream coins

$BTC Recently, the exchange inventory has fallen to a six-year low, indicating a strong reluctance to sell among holders. Institutions like BlackRock continue to buy, with strong inflows into ETFs, but caution is needed regarding miner selling pressure. The key technical support is at 112K, and a breakthrough at 123K will open up new upside potential. In the long term, institutional accumulation and macro hedging demand will support BTC value.

$ETH Strongly broke through $4600, with spot ETF inflows exceeding $1 billion in a single day, setting a record, and institutional buying is strong. The technical outlook is bullish, with a short-term target of the previous high at 4868, but caution is needed as competitors like SOL may divert funds. The fundamentals are supported by ETF and whale accumulation, presenting a buying opportunity on any pullbacks.

$SOL Recently broke through 200 USD, driven by the collaboration with CMB International on RWA and active ecosystem, with a short-term bullish outlook towards 250 USD. However, caution is needed regarding the risk of corrections due to project team sell-offs (e.g., Pumpfun selling 86,000 SOL). In the medium to long term, institutional adoption and ETF expectations remain key catalysts.

$BNB Recently, driven by OKB, it has risen by 2.5%, but one should be wary of short-term corrections. In the long term, BNB, as the leading platform coin, shows strong momentum with an 80% market share and a 17.46% increase this year. If it imitates OKB's burn mechanism or introduces new empowering features, it could potentially reach $1000. Pay attention to the interlinked opportunities in the platform coin sector.

Popular Coins

$LINK Recently, it has shown strong performance, breaking through the key resistance level of 21.85, leading to an upward trend on the weekly chart. As a leading oracle, it benefits from the development of RWA and DeFi, with solid fundamentals. The income buyback mechanism enhances deflation expectations, and if it stabilizes above 30 dollars, it may challenge the previous high of 52 dollars. In the short term, pay attention to the situation of breaking through 30 dollars, and the bullish logic is clear in the medium to long term.

$HYPE Recently driven by trader positions and project consolidation, the short-term outlook is bullish. However, one must be cautious of high leverage risks, as Majid has already closed positions with a profit of 33.83 million. Catapult's on-chain transparency mechanism and token economics may enhance its fundamentals, but caution is advised amid market volatility.

$XRP {spot}(XRPUSDT) Recently, after breaking through $3.3, it will accelerate the push towards $4, with technical indicators showing that the resistance against historical highs is relatively small. On-chain data has detected large transfers to Coinbase, which may indicate institutional accumulation. However, it is important to be aware of the capital rotation risk with $LINK.

$PEPE {spot}(PEPEUSDT) Recently performed strongly, with a 24-hour increase of 3918% and a market capitalization of 8 million USD. The latest tweet suggests a significant increase may be imminent, with market sentiment high. As one of the tokens related to Matt Furie, $PEPE has unique cultural attributes and still has potential in the long term. Short-term trading opportunities are worth paying attention to, but one should be cautious of volatility risks.

$SUI Recently showing strong performance, after breaking through $3.9 the target is $5-10. Grayscale launched the SUI ecosystem trust, increasing institutional interest. SUI Pay has launched to promote payment applications, and the fundamentals are optimistic.

$ENA Recently, Arthur Hayes has increased his holdings, indicating a bullish sentiment towards the ETH ecosystem from prominent investors. The growth of USDe has been rapid, and in the long term, it may capture market share from USDC. Considering the expectation of interest rate cuts by the Federal Reserve and the development of the ETH ecosystem, $ENA has upside potential, but market volatility risks need to be monitored.

$IP Recently, the $360 million reserve plan of NASDAQ-listed company CASK and the $220 million financing from institutions like a16z have attracted attention. Short-term price volatility is significant (down 10% in 24H), but in the long run, the buyback plan and institutional entry may support value. Be wary of liquidity risks; if it holds key support levels, there may be a buying opportunity. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.