Crypto Market Trends and Analysis

The price of Bitcoin broke through $108,500 over the weekend, just a step away from the historical weekly closing high of $109,000. Currently, the market's focus is on whether Bitcoin can break the key level of $109,000 and maintain its upward momentum. Some analysts point out that the 15-minute chart shows a bullish structure, with selling pressure gradually diminishing. Another analyst noted the appearance of a golden cross in the MACD indicator, believing that the bulls still control the short-term trend.

However, there are also viewpoints suggesting that if the historical halving cycle of Bitcoin repeats, it may reach a bull market peak in September or October 2025. The market is currently entering the final stage of the bull market, with only 2-3 months left. Bitcoin needs to regain the accumulation zone high of $104,400, while the multi-week downtrend line of this zone is at $104,881. Although the recent cycle has slowed down, once it enters a rapid upward phase, it may quickly make up for this "extended cycle."

Ethereum outperformed Bitcoin, with a weekly closing price above $2500 and a 7-day increase of 12.23%. On-chain data shows a potential bullish trend, and more traders believe that the ETH price may reach $3000 in the near future. The Ethereum ecosystem is also experiencing a long-awaited surge in activity, with a certain Layer 2 solution token rising by 17.4%.

The popularity of the meme coin market continues to rise, with a certain platform launching a meme coin creation tool, which has already gone live with multiple new projects. Among them, some tokens have reached a market capitalization of around 7 million USD, showing impressive performance. In addition, some independent projects have also experienced strong trends, such as $MORI reaching a market capitalization of up to 155 million USD, and $USELESS increasing by 1729.7% in the past month, with a market capitalization exceeding 200 million USD.

At the macro level, there remains uncertainty in the political situation in the United States. There are disagreements within a certain political party regarding the tax reduction bill, which may affect the passage of the bill. Meanwhile, interventions in the independence of the central bank have raised concerns among economists, with most experts predicting that the yield on U.S. Treasury bonds will exceed 5% by mid-next year. Despite these risks, the U.S. stock market still set a new high on Friday.

The integration of cryptocurrency and traditional finance is accelerating, with tokenized stocks becoming a new trend. Several well-known trading platforms are rapidly laying out related services, and a securities company in Hong Kong has also issued its first tokenized security. However, insufficient liquidity and lack of regulation remain challenges. The dual drive of stablecoins and tokenized stocks is attracting more institutional funds into the market, pushing the crypto market towards practical value transformation.

Market Data

• Bitcoin: $108,379 (Year-to-date +15.67%), Daily trading volume $17.277 billion
• Ethereum: $2,500.45 (Year-to-date -25.2%), Daily trading volume $10.456 billion
• Fear and Greed Index: 52 (Neutral)
• Market Share: BTC 64.7%, ETH 9.1%
• 24-hour liquidation data: 80,868 people globally were liquidated, with a total amount of 201 million USD.

Today's Focus

• A certain wallet will launch NodeOps (NODE)
• Zama will launch the testnet
• The U.S. Senate votes on important legislation
• The governors of major central banks around the world will hold a panel discussion.
• Multiple projects are迎来 token unlocks, including OP, KMNO, ACX, and SUI.