Today, although ETH broke through 4,000 USD, the overall market did not show significant FOMO sentiment, and the favourable information from 401K entering the encryption market has not significantly improved BTC's purchasing power. Trading volume remains normal, and the price increase is more due to reduced selling pressure. In contrast, ETH's trading volume has noticeably increased after the announcement, with the spot ETF $ETHA also seeing higher trade volumes, indicating that funds are leaning towards ETH, especially as traditional ETF funds drive activity in both primary and secondary markets. The US stock market is performing strongly, with the Nasdaq hitting new highs and the S&P approaching historical highs, which may provide indirect support for BTC.



From on-chain data, the BTC turnover rate has slightly increased, mainly concentrated among short-term investors whose holding cost is above 107,000 USD. The 117,000 USD level has been tested multiple times but still has about 640,000 BTC accumulated, indicating that a directional choice is approaching. The two major support zones have stable holdings, and even during last week's low sentiment, it did not fall below 110,000 USD, showing solid support. With weekend liquidity, market sentiment is expected to remain stable, with current long positions held, waiting for weekend performance.
#打榜优质内容#
ETH5.86%
FOMO-6.56%
BTC-0.28%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
Tahboushvip
· 10h ago
This is as far as he can go.
Reply0
MoXiaoYingvip
· 15h ago
Just go for it💪
View OriginalReply0
BigWhite-eyedWolfvip
· 20h ago
Hold on tight, we're about to To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)