Secondary Market Daily 20250806

Market trend The cryptocurrency market has seen significant fluctuations recently, influenced by various factors. Some investors believe the market is in a correction phase and remain optimistic in the long term; others point out that increased regulation has led to greater uncertainty. The prices of mainstream cryptocurrencies like Bitcoin are volatile, while the DeFi and NFT sectors continue to innovate but have seen a decline in interest. Overall, the market exhibits high risk and high volatility, requiring investors to exercise caution. Mainstream coins $BTC Recently, support has formed around 114,000, with large transfers and institutional ETF applications indicating capital inflows. If it breaks through 115,000, the adjustment may end, targeting 125,000. However, caution is needed regarding short-term liquidity volatility risks. $ETH Recent trends show a divergence between bulls and bears. Despite whale sell-offs and a net selling volume reaching 418 million USD putting short-term pressure, institutional accumulation continues (such as BlackRock buying 88.8 million USD) and ETF inflows of 73 million USD indicate strong demand. The technical outlook remains bullish, targeting 5000 USD, but caution is advised regarding the risk of a pullback. Below 4000 USD may present a buying opportunity. $SOL Recently, it has fluctuated around $160, with a 24-hour increase of 3.52%, which is stronger than the broader market. Institutions continued to increase their holdings (such as DeFi Dev adding $18 million), but Galaxy Digital sold $40.7 million to Binance, showing a long-short divergence. Short-term range trading ($120-$180), breaking above $200 will open the upside. The expansion of the on-chain ecosystem, such as Starknet's support for transactions, is a long-term benefit. It is necessary to be wary of the selling pressure caused by large unlocks. $BNB Recently, the $500 million private placement supporting CEA Industries' BNB treasury strategy may bring long-term value support. In the short term, attention can be paid to Launchpool mining and airdrop opportunities, such as $TOWNS and $NIGHT, with annualized returns as high as 53%. Accumulating during pullbacks is a wise strategy, and positioning ahead of the interest rate reduction cycle is even better. Popular Coins $PROVE Recently performed strongly, supported by major exchanges such as Binance and Upbit after the mainnet launch, accelerating the implementation of the ZK track. From a technical perspective, it surged over 30% after being listed on Upbit, and there are still short-term opportunities for further gains. However, with an FDV of 1.3 billion, it is relatively high and requires observation of subsequent demand validation. It is recommended to accumulate on dips while being cautious of the risks of a valuation correction. $MYX Recently surged over 1500%, but the volatility is severe, and both bulls and bears are clearly affected. As a perpetual contract DEX token, there are short-term speculative opportunities, but the risks are extremely high. The latest data shows a +216% increase, but the fee rate is -2 and settlements occur frequently, so caution is needed. It is recommended to observe or participate with a small position for short-term trading, avoiding high leverage. $TOWNS Recently, due to the surge in popularity from multiple platform listings and Launchpool activities, short-term trading opportunities have become significant. Bitget offers an annualized mining yield of 53%, but caution is advised regarding the high FDV (380 million) that may lead to selling pressure. The volatility was extreme after the contract went live (+381% followed by a pullback), making it suitable for swing trading but with high risk. The project party has been accused of insider trading, so caution is necessary. The outlook is bullish in the short term, but the long-term fundamentals are questionable. $KAITO Recently, the price of the coin has dropped due to a poor launchpad experience, but staking and NFT activities may present short-term opportunities. Attention should be paid to ecosystem unlocks and airdrop expectations, but the fundamentals are questionable, so participation should be approached with caution. $HYPE Short-term pressure, weakening buying momentum and a decline in OI, but strong long-term fundamentals. The launch of HIP-3 may trigger a sell-off, but team buybacks and cash income support valuations. Pay attention to the $30 support level; if it breaks, further corrections may occur. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.