BTC has declined, with altcoins experiencing significant drops. The market is expected to undergo prolonged sideways consolidation.
US stocks collectively rose as tariff and trade risks decreased.
Market Highlights:
Public chain ETH is declining, with $4,000 serving as a strong resistance level after three failed attempts to break through (similar to BTC's $100,000). Long-term accumulation is needed. Major holders like Justin Sun are gradually selling, and stake unlocking will release over $2 billion worth of ETH in the coming week.
SPK, an ETH chain DeFi token, reached new highs in a short squeeze with a funding rate of -1%. SPK is the mining token for MakerDAO's lending business. Zora, a social platform on Base chain, also hit new highs after a 7x surge from its bottom.
New tokens like Sahara and ERA are rising, with Sahara being an AI infrastructure project. The rotation into new tokens with good fundraising structures typically indicates the market cycle is nearing its end.
US stocks collectively rose as tariff and trade risks decreased.
Market Highlights:
Public chain ETH is declining, with $4,000 serving as a strong resistance level after three failed attempts to break through (similar to BTC's $100,000). Long-term accumulation is needed. Major holders like Justin Sun are gradually selling, and stake unlocking will release over $2 billion worth of ETH in the coming week.
SPK, an ETH chain DeFi token, reached new highs in a short squeeze with a funding rate of -1%. SPK is the mining token for MakerDAO's lending business. Zora, a social platform on Base chain, also hit new highs after a 7x surge from its bottom.
New tokens like Sahara and ERA are rising, with Sahara being an AI infrastructure project. The rotation into new tokens with good fundraising structures typically indicates the market cycle is nearing its end.
