Recent ETF outflows show signs of being unsustainable. Yesterday, there was another net outflow of 11.3 million, of which the main outflow of funds still came from Grayscale, with a single-day outflow of 43.4 million. In contrast, BlackRock recorded a net inflow of 14.2 million, and the inflow of funds from other institutions was relatively limited. This trend shows that market funds are gradually maintaining balance, and the activity of buying and selling is decreasing. The trading volume of Hong Kong ETFs has not exceeded 3 million US dollars per day. These data show that the cryptocurrency market is entering a period of adjustment. After seven consecutive months of growth, the trading volume of global crypto transactions fell for the first time in April, which further confirmed the view that the market is in a period of adjustment. Large institutions and listed companies have completed their purchase plans, and the halving market has also prompted some holders to sell assets.

In terms of altcoins, as the overall market recovers, various sectors generally show an upward trend. Traditional sectors such as AI, RWA and MEME performed well. In the field of AI, since Apple mentioned RNDR's software Octane in the M4 chip promotional video, RNDR soared, driving the rise of similar track projects such as AKT, AR, and WLD. The entire AI sector has formed a linkage effect.

Market analysis shows that Bitcoin has been supported near 60,000, but lacks sufficient trading volume support, and will still face the possibility of testing the support level in the short term. The key support level is around 58,000. If effective support can be obtained at this position, it will mean the end of the market adjustment.

Ethereum's performance is relatively weak compared to Bitcoin, mainly affected by securities issues. The SEC has characterized Ethereum as a security, which has brought challenges to the launch of ETHETF. In addition, the decline in on-chain transaction volume has also put pressure on ETH. Although the market outlook for ETH is not optimistic in the short term, it still has potential in the long run. Important institutions believe that ETH will win the lawsuit against the SEC, and the ETF to be launched in the future will also be approved.

In the current market, the market value share of copycat currencies is on the rise. Once the trend line is broken, it will usher in an outbreak period. Copycat currencies led by Ethereum are the focus of attention. In the Ethereum series, SSV, LDO, RPL, FXS, ANKR and other LSD sectors are worth investing in. In addition, ARB, OP, STRK, METIS, IMX, MINA and other L2 sectors also have investment value.In addition, ETC, ETHFI and ETHW, which are about to be halved, are also worth paying attention to.

The SOL ecosystem and AI sector are still the focus of attention. In the AI ​​sector, GRT, NFP and LPT are the key projects recommended by me. In the SOL ecosystem, WIF, LINK, JTO, TNSR and PYTH are also worth paying close attention to.

Finally, ONDO is recommended as an investment currency. It has strong technical aspects and promising market value prospects. It is expected to become a Binance spot token in the future. Overall, the current market is at the historical bottom range, and every pullback is a good opportunity to enter the market.