Odaily星球日报讯 Bitfinex Alpha 最新报告称，当前加密货币市场处于不确定状态，日、周、月图均接近区间低点，且低时间框架也呈现下降趋势。美国现货比特币 ETF 上周流出总额达 5.441 亿美元，虽与基础/融资套利解除相关，但仍加剧负面情绪。然而，报告认为市场目前处于观望模式，短期内要么继续受到 BTC 过剩销售的压力，且缺乏任何推动上涨的催化剂；要么随着 ETH ETF 的批准通过，市场情绪出现火花，并引发新一轮的积极情绪。（Bitfinex）

Bitfinex报告：加密市场处于不确定状态 ，市场仍处于观望模式

Odaily Odaily News Bitfinex Alpha&#39;s latest report said that the current cryptocurrency market is in an uncertain state, with the daily, weekly and monthly charts close to the lows of the range, and the low time frame also showing a downward trend. The total outflow of the US spot Bitcoin ETF last week reached US$544.1 million, which was related to the unwinding of the basis/financing arbitrage, but still exacerbated the negative sentiment. However, the report believes that the market is currently in a wait-and-see mode. In the short term, it will either continue to be under pressure from the excess sales of BTC and lack any catalysts to drive the rise; or with the approval of the ETH ETF, market sentiment will spark and trigger a new round of positive sentiment. (Bitfinex)

Bitfinex report: Crypto market is in a state of uncertainty, the market is still in wait-and-see mode

Odaily Odaily News According to a report by Gautam Chhugani and Mahika Sapra, analysts at research brokerage firm Bernstein, despite bearish sentiment in the market in the short term, the structural adoption cycle remains unchanged. They predict that if the US election sentiment shifts further towards the country's Republican Party, cryptocurrency may become a new focus of the "Trump Trade", attracting more investors to the market. The report pointed out that the recent outflow of funds from Bitcoin spot ETFs and the potential disappointment in the prospects for the issuance of Ethereum spot ETFs have become two main arguments for the market's bearishness. However, analysts believe that the launch of Bitcoin ETFs has been a huge success, bringing increasing liquidity to the market. Despite the current outflow of funds for six consecutive trading days, analysts are still optimistic about its long-term potential and expect the market to usher in new growth points as more wealth advisors penetrate and configure growth. (TheBlock)

Bernstein: Cryptocurrency could be the new focus of the 'Trump trade'

“The expectation of Ethereum spot ETF has been fully digested by the market.”

Ethereum Big Short Declaration: ETH/BTC will fall for another year

The next day after I was exhausted, I just got home at 3 a.m. Beijing time. I was worried that the data would be distorted because it was obtained too late. But after reading the data, I realized that I had thought too much. It was actually quite interesting. I went to do something today. At that time, a friend told me that the server of Binance was not down, but why the time-sharing chart of BTC had breakpoints. A comparison of the results showed that it was caused by a sharp drop in trading volume, and it was not just Binance, but all exchanges. In this case, the current trading volume of BTC on Binance is only 380 million US dollars, which is still ranked...

Data confirms that the current "really is a bear market", but there are four reasons why it is still expected to break out in the second half of the year