Merkle3s Weekly Market Overview 📊 4/16
1️⃣ BTC enters a consolidation rebound phase 📈
Analysts point out that #BTC has entered a consolidation rebound phase rather than a trend reversal. The next significant resistance target is near $92K, where substantial selling pressure is expected.
2️⃣ ETF funds continue to flow out 📉
The spot ETF market remains weak: #BTC ETFs saw a net outflow of approximately $815 million this week, marking seven consecutive days of net outflows; #ETH ETFs experienced a net outflow of about $82.5 million, indicating continued cautious sentiment among institutional investors.
3️⃣ Meme and AI sectors on Solana chain show strong recovery 🔥
The Musk-themed meme token $RFC on the Solana chain has surged in popularity, reaching a market cap of $130 million. The leading AI token on the chain, $FARTCOIN, rebounded rapidly from $220 million to $800 million. Additionally, emerging AI projects like $DARK, $MTN, and $CRYPTOAI have all surpassed a market cap of $10 million.
4️⃣ Market risk warning ⚠️
Market volatility and continued ETF fund outflows indicate that investor sentiment remains cautious. The Meme token market is highly volatile, posing significant trading risks. Special attention should be paid to risk management.
Merkle3s Weekly Snapshot 📊 4/16
1️⃣ BTC Enters Rebound Consolidation 📈
Analysts highlight that #BTC has entered a rebound consolidation phase, not a trend reversal. The next significant target is around $92K, expected to face substantial resistance.
2️⃣ ETF Fund Outflows Continue 📉
Spot ETF markets remain subdued: #BTC ETFs recorded net outflows of approximately $815M this week, marking seven consecutive days of outflows; #ETH ETFs saw net outflows of around $82.5M, reflecting cautious institutional sentiment.
3️⃣ Solana Meme & AI Sector Revival 🔥
The Elon Musk-themed meme coin $RFC on Solana surged, reaching a market cap of $130M. AI leader $FARTCOIN sharply rebounded from $220M to $800M, while new AI projects like $DARK, $MTN, and $CRYPTOAI surpassed $10M market caps.
4️⃣ Market Risk Alert ⚠️
Market consolidation and persistent ETF outflows indicate ongoing caution. Meme tokens exhibit high volatility, presenting significant trading risks—exercise caution.
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