Secondary Market Daily 20250724

Market trend The cryptocurrency market is currently in a high volatility phase: Bitcoin is facing a key liquidation zone at $120,000/$116,000, with institutions holding 85% of the circulation; Ethereum is experiencing both a staking boom and a demand for unstaking, with the SEC's stance boosting confidence. The market generally believes that DeFi is an effective innovation, and the U.S. crypto bill may trigger a policy shift. In the long run, altcoins may face a massive zeroing out, but the compliance process (such as stablecoins) could drive a new round of institutional entry. The high leverage indicates short-term risks, but it is still viewed positively in the context of credit expansion. Mainstream coins $BTC Recently fluctuating around 120k, but institutional buying (such as BlackRock) and increased spot demand support the price. From a technical perspective, the middle track support on the 4-hour chart is effective, and short-term fluctuations may continue. If the 120k resistance is broken, there is potential for acceleration in the upward movement. Strong inflow of ETH ETF funds may drive BTC. It is recommended to accumulate spot positions on dips while being cautious of high leverage risks. $ETH Recently retreated to around 3500, but ETF continues to see large inflows (USD 533 million in a single day) combined with institutional buying (such as Trump-related projects buying 6700 ETH in two days), forming strong support. In the short term, if it holds above 3500, a rebound may occur; if it falls below, the trend will weaken. In the medium to long term, supply tightening (2.8M ETH absorbed) and the Q3 target of 5000 remain attractive. Pay attention to signals indicating the end of the pullback, and consider accumulating in batches for spot trading. $SOL Recent pullbacks are a normal market behavior, and as long as last month's high point support remains intact, the outlook is bullish. After breaking the resistance at $190, it is expected to challenge $260. MoonPay has launched SOL liquidity staking with an annualized rate of 8.49%, and the fundamentals are strong. It is advisable to accumulate spot positions during dips, with stop-loss set below the support. $BNB Breaking through 800U to reach a historical high, on-chain activity and institutional fund inflows are strong. In the short term, it may pull back to the support level of 676U, but ecological developments (such as the Chainbase partnership) and ETF expectations provide a long-term bullish foundation. Accumulate on dips and pay attention to the movements of the BTC market. Popular Coins $PENGU Recently performed strongly, with a 30-day increase of 348%. After breaking through the weekly resistance on the technical side, it may continue to rise. The fundamentals are supported by the NFT ecosystem (toys, NASCAR, etc.), but caution is needed for short-term correction risks. It is recommended to build positions in batches near the EMA support level (green line), targeting $0.5. Pay attention to stop-loss. $BONK Recently showed strong resilience, resisting the downward trend amidst a general decline in Altcoins. The ecological buyback plan (1% of revenue used for buybacks) and Solana ecosystem activities may drive short-term increases. After breaking through the ascending channel on the technical front, acceleration may occur, but it is important to note that the 3.1B FDV valuation is already high. Trading opportunity: Break above 0.00025 to go long, stop loss below 0.0002. $REKT {alpha}(560x20482b0b4d9d8f60d3ab432b92f4c4b901a0d10c) Recently performed strongly, rising 14% against the market and breaking through ATH multiple times. The token economics are healthy (40% locked in treasury + 40% held by the community), and it has not yet gone mainstream, with a market cap of 323 million still having room for growth. If ETH strengthens, it may accelerate the rise, and the short-term outlook is bullish. However, caution is needed for the risk of overheating and correction. $JST has recently shown a trend of oscillating upwards, and after breaking through key resistance, it may accelerate its rise. The project fundamentals are solid, deeply tied to the Tron ecosystem, and have long-term value. Short-term attention can be paid to the support level of $0.02; if it holds, it is expected to test the resistance level of $0.025. Caution is needed for market correction risks. $KAITO Recently facing pressure, large holders' sell-off has led to a 43% drop in coin prices, and the decline in staking rates indicates insufficient confidence. However, TheoriqAI's Launchpad may bring short-term opportunities, with a 50% reduction in valuation potentially attracting funds. Be wary of the large unlock risk in August. Short-term volatility is high, so operate cautiously. $SPK Recently showing strong performance, with a 24H increase of 76%, but facing significant liquidation risk ($26.81 million) and selling pressure. The launch of new futures brings a 10x leverage opportunity, but caution is needed for short-term corrections. Fundamentally, the Spark protocol is undervalued, but attention should be paid to the selling dynamics of the Sky Ecosystem. It is recommended to accumulate on dips and set proper stop-loss orders. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.