Merkle3s Weekly Market Overview 📊 7/9
1️⃣ Macro Market Highlights 📈
- The U.S. released positive employment data, which may delay the Federal Reserve's interest rate cuts.
- #BTC continues to attempt to break new highs, with selling pressure around $110K largely digested, increasing the probability of further price increases.
2️⃣ Rising Popularity of Tokenized Stocks 📊
- @RobinhoodApp launched a tokenized product for U.S. stocks and plans to create a dedicated Robinhood chain focused on #RWA. European users received "stock token" airdrops from #OpenAI and #SpaceX.
- The #xStocks on the #Solana chain allows users to trade stock tokens on-chain without KYC.
3️⃣ On-Chain Market Analysis 🛡️
- $BTC is currently in a structural consolidation phase, with the market primarily oscillating within a range due to a lack of significant negative events.
- The current BTC market is mainly driven by chip holding rather than demand, with limited liquidity and low market activity, indicating limited downside risk. However, without major catalysts, the upside potential is also difficult to expand significantly.
- Since April, institutional selling pressure has eased, and buying has stabilized. BTC continues to consolidate, with an overall trend still leaning positively, looking forward to the market in the second half of 2025.
4️⃣ Strong Continuous Inflows into ETFs 📈
- Spot ETFs continue to attract capital inflows. This week, the #BTC ETF saw a net inflow of approximately $769 million, and the #ETH ETF saw a net inflow of about $219 million, maintaining net inflows for eight consecutive weeks.
5️⃣ Competition Among Meme Platforms Heats Up 🔥
- The @bonk_fun platform's 24-hour trading volume surpassed #pumpfun, achieving a market share of 55.1%, ranking first.
- @JupiterExchange launched its own token platform #JupiterStudio, leveraging protocol entry and liquidity advantages.
Merkle3s Weekly Snapshot📊 7/9
1️⃣ Macro Highlights 📈
- The U.S. reported favorable unemployment data, potentially delaying Fed rate cuts.
- #Bitcoin continues to test new highs; selling pressure around the $110K level appears largely absorbed, increasing the likelihood of upward momentum.
2️⃣ Tokenized Stocks Gaining Traction 📊
- @RobinhoodApp introduced tokenized U.S. stocks, with plans to build its own Robinhood Chain specifically for #RWAs. European users received “stock tokens” airdrops from #OpenAI and #SpaceX.
- #xStocks tokens on #Solana are enabling users to trade on-chain without KYC requirements.
3️⃣ On-Chain Market Analysis 🛡️
- $BTC market is in structural consolidation, with range-bound fluctuations in the absence of significant negative news.
- Current BTC price movements are dominated by holders reluctant to sell rather than demand-driven. Limited liquidity and reduced activity suggest limited downside but also constrain significant upside without major catalysts.
- Since April, reduced institutional selling pressure and stable buying support have kept BTC consolidating with a slight upward bias. Continued bullish sentiment expected in the second half of 2025.
4️⃣ ETF Inflows Remain Strong 📈
- Spot ETFs continue attracting funds. This week, #BTC ETFs saw net inflows of $769 million, while #ETH ETFs recorded net inflows of $219 million, marking the eighth consecutive week of net inflows.
5️⃣ Meme Platform Competition Heats Up 🔥
- @bonk_fun platform surpassed #pumpfun in 24-hour trading volume, taking the top spot with a 55.1% market share.
- @JupiterExchange launched its proprietary launchpad platform, #JupiterStudio, leveraging advantages from protocol integration and liquidity.
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