OO #167: This is what FOMO looks like
Bitcoin complex volumes of $50b equivalent to the ADV of the entire UK stock market

The Bitcoin Industrial Complex crushed their record today with $50b in volume (for context that's same as ADV of entire UK stock mkt). $MSTR alone was $32b of it. $MSTU and $MSTX combined for $6b (which is more than all the spot btc ETFs, which were also elevated). What a scene.

Eric Balchunas

Twitter

AI error, the market pays the bill.

Author: TechFlow
The AI-related on-chain hype trend is shifting from <Solana> to <Base> chain.

From the capital perspective, with the collective correction of AI <meme> on <Solana> last week, the on-chain capital is starting to try its luck on the <Base> chain.

The data does not lie. According to Artemis data, the ecosystem with the largest net inflow of on-chain capital in the past month is <Base>, with a net inflow (inflow minus outflow) of $750 million; in contrast, <Solana>'s net inflow of <SOL> and <AR> <meme> was only a fraction of that.

Aixbt has a market value of nearly 100 million yuan, and its bug unexpectedly became popular... Why is there a new trend of AI agents on the Base chain?

The decline may be partly due to the overheating of the <leverage market>.

Shorts counterattack, BTC's key support is around 88,000

The outlook for ETH seems more optimistic.