Merkle3s Weekly Market Overview 📊 7/15
1️⃣ Macro Market Highlights 📈
- Powell is considering stepping down from the Federal Reserve, and the market begins to anticipate and price in the potential for interest rate cuts.
- As previously expected, #BTC successfully broke through its historical high, briefly hitting $120K.
2️⃣ On-Chain Market Analysis 🛡️
- The trend of long-term holding remains strong, with institutional funds continuously flowing into the market.
- However, it is essential to closely monitor macro negative news to proactively address potential profit-taking pressures.
3️⃣ Strong Inflows into ETFs 📈
- Spot ETFs continue to see robust net inflows. This week, #BTC ETF net inflows reached $2.72 billion, and #ETH ETF net inflows were $908 million, marking nine consecutive weeks of net inflows.
4️⃣ Meme Token Updates 🔥
- The leading Meme token #USD1, $B, has set a new historical high, with a market cap exceeding $500 million, and has been renamed BUILDON GALAXY, officially becoming the Launchpad for USD1.
- The $PUMP token has successfully launched, with presale investors seeing returns of over 50%, and its valuation peaked at $6 billion.
Merkle3s Weekly Snapshot📊 7/15
1️⃣ Macro Highlights 📈
- Powell considers stepping down from the Fed; markets begin pricing in potential rate cuts.
- #Bitcoin, as previously anticipated, successfully broke new highs, surging to $120K.
2️⃣ On-Chain Market Analysis 🛡️
- Long-term holding periods continue, and institutional capital consistently flows into the market.
- However, monitoring macroeconomic negative news closely is crucial to anticipate potential profit-taking pressures.
3️⃣ ETF Inflows Remain Robust 📈
- Spot ETFs continue attracting robust net inflows. This week, #BTC ETFs saw net inflows of $2.72 billion, while #ETH ETFs recorded $908 million, marking nine consecutive weeks of net inflows.
4️⃣ Meme Tokens Update 🔥
- Leading #USD1 meme token $B reached a new all-time high with a market cap exceeding $500 million and rebranded as BUILDON GALAXY, becoming USD1's official Launchpad.
- $PUMP token launched successfully, providing presale investors with over 50% returns and achieving a peak valuation of $6 billion.
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