Gate Weekly Industry Review: BTC Spot ETF inflow of 72 million USD, altcoins remain in a "greed" state.

Last week (from July 21 to 27), the Bitcoin (BTC) Spot ETF experienced three consecutive days of net outflows, but with net inflows over the last two days on Thursday and Friday, the weekly capital situation achieved a net inflow of $72 million. The BTC Spot ETF has seen significant net inflows for seven consecutive weeks, with a total of over $10 billion in inflows over the past seven weeks.

In the past week, BTC has continued to trade within a narrow range at high levels, while at the same time, BTC's market share has slightly decreased to 60.2%, indicating that altcoin performance has been more outstanding in the recent week.

Last week, Ethereum (ETH) Spot ETF saw a net inflow of 1.85 billion USD, significantly surpassing the capital inflow of BTC ETF during the same period. The ETH Spot ETF has achieved net inflows for 8 consecutive weeks, with over 7 billion USD flowing in during the recent 8 weeks.

ETH surged again above $3,850, with a nearly 30-day increase of 58%. The ETH/BTC currency pair broke through 0.032, doubling from its yearly low; additionally, ETH's market share increased significantly, climbing to 11.8%.

Altcoins have generally risen over the past week, with the Altcoin Season Index reporting 42, indicating a warming market sentiment.

In terms of the fear and greed index, the market is certainly in a state of greed.

This Week's Major Events (July 28 - August 3)

Macro

1. The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on July 29;

2. On July 30, the United States will release the second quarter GDP series data, the Federal Reserve will announce its interest rate decision, and Powell will hold a press conference.

Project

1. The stablecoin network Plasma has officially announced that the public sale of its token XPL has been launched, and the public sale will continue until July 28, Eastern Time.

2. Ethereum will celebrate the tenth anniversary of its genesis block going live on July 30.

3. Sui (SUI) will unlock approximately 44 million tokens at 8:00 AM Beijing time on August 1, accounting for 1.27% of the current circulation, valued at approximately 188 million USD;