Daily Summary:

  • BTC ETF has a net inflow of nearly $500 million, and ETH ETF has a net inflow for two consecutive days

According to Farside Investor data, the US Bitcoin spot ETF had a net inflow of $494 million last Friday, of which BlackRock IBIT had an inflow of $110 million, Ark ARKB had a net inflow of $203 million, and Fidelity FBTC had a net inflow of $123 million.

Last Friday, the U.S. Ethereum spot ETF had a net inflow of $58.7 million, of which BlackRock ETHA had an inflow of $11.5 million and Fidelity FETH had a net inflow of $42.5 million.

SUI, OP and other tokens will be unlocked in a one-time large amount, worth nearly $300 million

According to Token Unlocks data, SUI, OP, IMX and other tokens will be unlocked in large amounts next week, with a total value of US$295.7 million. Among them:

- Optimism (OP) unlocked approximately 31.34 million tokens at 8:00 am Beijing time on September 30, accounting for 2.50% of the current circulation and worth approximately US$60 million;

- Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 am Beijing time on October 1, accounting for 2.40% of the current circulation and worth approximately US$112 million;

-ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 8:00 am Beijing time on October 1, accounting for 13.43% of the current circulation and worth approximately US$38.66 million;

-Immutable (IMX) will unlock approximately 32.47 million tokens at 8:00 a.m. Beijing time on October 4, accounting for 2.02% of the current circulation and worth approximately US$59 million.

Sonic Labs Launches 200 Million S Airdrop Points Event

Sonic Labs (formerly Fantom) has announced that users can start earning approximately 200 million S airdrop points through Sonic Arcade this week.

If Bitcoin falls below $64,000, the cumulative long order liquidation intensity of mainstream CEX will reach 445 million

According to Coinglass data, if Bitcoin falls below $64,000, the cumulative long order liquidation intensity of mainstream CEX will reach 445 million; conversely, if Bitcoin breaks through $66,000, the cumulative short order liquidation intensity of mainstream CEX will reach 477 million.

The liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after it reaches that position.

Market analysis: SUI fell after hitting a record high, Moodeng peaked and fell

Market Hotspots

- The new public chain SUI rose strongly to break through $1.85, hitting a record high before falling back. SUI has more than $100 million worth of tokens unlocked this week. Funds were pulled up before SUI unlocked a large amount to increase token liquidity. Sui ecological projects such as Cetus and Blub rose sharply, and SUI was the leader of this round of market rebound.

-Hippo Moodeng, a popular meme project on the chain, peaked and fell, with the highest market value reaching $300 million. $300 million is the final destination of most meme projects on the chain. Without the above expectations, it is difficult to continue to break through the higher market value range.

-Bankruptcy concept tokens such as FTT, LUNC, and LUNA have soared. FTX will compensate users with $16 billion in the fourth quarter, and it is expected that a large portion of funds will re-enter the cryptocurrency market.

Market Trends

-BTC is fluctuating sideways at a high level and is close to the monthly line. The market may fluctuate greatly, so please pay attention to the risks;

-ETH has hardly fluctuated above $2,600. The ETH ETF has resumed positive capital inflows in recent working days, but ETH's price performance remains sluggish, and the market is more keen on hyping Ethereum killers such as SUI and SEI;

- Altcoins generally rose, with SUI, POPCAT, ALT and others performing particularly well.

Macroeconomics: The three major US stock indexes fluctuated, and foreign capital increased its purchase of Chinese assets

The three major U.S. stock indexes fluctuated, with the S&P 500 falling 0.13% to 5738.17 points, the Dow Jones Industrial Average rising 0.33% to 42313.00 points, and the Nasdaq falling 0.39% to 18119.59 points. Last week, the Dow Jones Industrial Average rose 0.59%, the Nasdaq rose 0.95%, and the S&P 500 rose 0.62%. The benchmark 10-year U.S. Treasury yield was 3.75%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, was 3.55%.

The positive impact of the Federal Reserve's easing cycle is still continuing, with the three major U.S. stock indexes all recording gains for the third consecutive week, and the S&P 500 and Dow Jones Industrial Average continuing to set new historical highs.

Looking ahead to this week, the US ADP employment data, known as the "small non-farm", will be released on Wednesday, and the more important US September non-farm employment data is scheduled to be released on Friday. In addition, a large number of Fed members, including Fed Chairman Powell, will speak publicly. All of these will provide the market with more clues about monetary policy trends.

Summarize

Last Friday, Bitcoin spot ETFs saw a net inflow of nearly $494 million, and Ethereum spot ETFs also reported a net inflow of $58.7 million. In addition, tokens such as SUI and OP will be unlocked in the next few days, with a total value of approximately $295.7 million. Overall, the crypto market is still volatile, with Bitcoin and Ethereum performing differently.

Looking ahead, the release of the U.S. ADP employment report and non-farm payrolls data may affect market sentiment and trading decisions. If Bitcoin holds above key support levels, we may see a renewed focus on smaller coins like SUI and OP, especially with the imminent unlocking. However, if Bitcoin fails to hold above $64,000, it could face significant downward pressure.