Secondary Market Daily 20250809

Market Trend The cryptocurrency market has recently exhibited the following characteristics:

1. Total market value rebounds: Breaks through 4 trillion USD, with a 24-hour increase of 1.7%, market activity improves.
2. ETH shows strong performance: breaking through 4200 USD, reaching an 8-month high, with significant capital inflow and increased institutional interest in ETH spot ETFs.
3. BTC Consolidation: Fluctuating around $120,000, institutions continue to buy, and long-term holders have not sold off in large quantities.
4. Altcoin Differentiation: Some altcoins are warming up, but overall liquidity is still concentrated in major coins, and a full altcoin season requires more conditions to be triggered.
5. Macroeconomic Impact: Expectations of Federal Reserve interest rate cuts, U.S. tariff policies, and other macro factors influence market sentiment.
6. DeFi Activity: Protocols like Pendle have reached new highs in TVL, and the market capitalization of the USDe stablecoin has surpassed $10 billion, indicating continuous growth in the DeFi sector. Market sentiment is generally optimistic, but attention should be paid to the risks of pullbacks and changes in macroeconomic policies. Mainstream Coins $BTC Short-term hovering at the key resistance level of 116k-117k, breaking through will open up upward space. Institutional funds continue to flow into ETFs, coupled with long-term funds such as 401K entering the market, strengthening the bottom support. However, caution is needed against selling pressure from mining enterprises and short-term volatility. ETH's strength may divert funds, but BTC remains the core asset. $ETH Breaking through $4200 to create a new cycle high, short-sellers liquidated over 114 million, showing strong bullish sentiment. Technically, it has broken through a 4-year descending wedge with a target of $5000. The expectation of interest rate cuts and the inflow of ecosystem funds (such as the growth of the Base chain) provide fundamental support. In the short term, pay attention to the altcoin rebound opportunities after stabilizing above $4200, but be wary of high volatility risks. $SOL Recent trends are strong, with a target price of $205, driven by market sentiment and ETF expectations. The technical outlook is bullish, but caution is needed regarding short-term volatility. On-chain whale activity and increased institutional holdings support a long-term bullish outlook. Pay attention to the development of the $SOL ecosystem, such as the Saga phone and the meme coin craze, which may provide additional upward momentum. $BNB After breaking through 800, bullish sentiment is strong, supported by an active Binance ecosystem (such as PancakeSwap activities) and increased institutional holdings (Grayscale positions). If it stabilizes above 800, one can look to accumulate on dips. Popular Coins $KAITO Recently, due to the optimization of launchpad terms (100M fully unlocked) and ecological cooperation (such as Mira Network), there has been market attention. In the short term, the outlook is bullish, but it is necessary to be aware of the selling pressure risk from the 10% token release. In the long term, if sKaito holders are empowered, it may continue to strengthen. It is recommended to pay attention to the progress of oversubscription and community incentive dynamics. $LINK Recently performed strongly, breaking through key resistance levels, with a daily increase of 90%. The Chainlink Reserve mechanism introduces continuous buybacks, and long-term buying pressure can be expected. The oracle sector holds a market share of 66%, with a solid fundamental outlook. The target for this year is $50, so it is advisable to accumulate on dips. $XRP Recently, due to institutional capital inflows (such as Digital Wealth Partners raising $200 million) and the positive outcome of the SEC lawsuit, prices have surged. From a technical perspective, on-chain data shows that a spike in network activity often indicates an upward trend, but we must be cautious of large transfers to exchanges that may create selling pressure. In the short term, there may be fluctuations, but if support levels are maintained in the medium to long term, a breakout above previous highs is possible. Keep an eye on ETF dynamics and changes in institutional holdings. $PENDLE Recently performing strongly, with a 24-hour increase of over 21%, and the technical analysis is bullish. Its integration as a yield tokenization protocol in HyperEVM enhances DeFi composability, with fundamentals supporting the price. In the short term, attention can be paid to pullback buying opportunities, with stop-loss set below the previous low. $ENA Recently performing strongly, the market capitalization of USDe has surpassed 10 billion USD, coupled with a daily buyback of 5 million USD for DAT and a high-yield narrative in DeFi, which indicates a bullish outlook in the short term. However, caution is warranted regarding the risk of a pullback, making it suitable for strategic buying at lower prices. In the medium to long term, it will benefit from the growth of the ETH ecosystem and the increasing demand for stablecoins. $TROLL Recently performed strongly, with a 24-hour increase of 37.5%, and a market cap exceeding 230 million USD. The launch on Gate exchange may trigger more CEX listings, driving the price up. TikTok's popularity is soaring, with retail funds continuously flowing in, showing a bullish outlook in the short term. However, be cautious of the risk of a market correction after overheating. $PENGU Recently, the popularity has been surpassed by $TROLL, but the brand influence of Pudgy Penguins continues to expand. The "vibes" feature of the wallet DEX can monitor KOL call behaviors, and caution is needed for short-term fluctuations. In the long term, the IP value is supported, but attention should be paid to the risk of market sentiment switching. $PEPE As a well-established MEME coin, it currently has a market value of 5.1 billion USD, with recent popularity being diverted to new coins like $TROLL. In the short term, it is necessary to observe whether it can break through the previous high market value of 12 billion. If market sentiment improves, there may be an opportunity. However, the MEME sector is inherently high-risk, and one should be wary of liquidity transfer risks. $SUI Recently supported by Sygnum Bank, the launch of institutional services may bring incremental funds. From a technical perspective, if the key resistance level of $0.85 is broken, it is expected to test $1.2; however, we need to be cautious as a drop below the support level of $0.7 may lead to a pullback to $0.5. On-chain data shows an increase in large holding addresses, but trading volume has not significantly expanded, indicating potential short-term volatility. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.