在本轮周期中，BTC 和 ETH 因为 ETF 的上线而有了结构性的支持。只有在 BTC 和 ETH 分别突破 70000 美元和 4000 美元后，山寨币行情才会回归。

<div><div><div><h3>每日市场简报  2024/08/12  12:05  UTC+8 </h3><img src="https://static.fwimg.io/img/feed/26e1b066da18b07f62fcea038d14c4d6.jpg"><h3>分析师观点</h3>“在本轮周期中，BTC 和 ETH 因为 ETF 的上线而有了结构性的支持。只有在 BTC 和 ETH 分别突破 70000 美元和 4000 美元后，山寨币行情才会回归。SOL 届时也将攀升至 250 美元以上，但由于市场份额的差异，SOL 的拉盘对市场整体的影响远不如 BTC 和 ETH 那样强烈。年底随着美元流动性的增加，BTC 和 ETH 的价格可能会进一步上涨，这将为山寨币行情的回归奠定坚实基础。” - Arthur Hayes，联合创始人@BitMEX “作为两个重要的移动均线，50 日和 200 日移动均线之间已经形成“死亡交叉”，预示着加密货币市场尽管出现短暂反弹，但仍可能进一步下跌。”  -  Sergei Gorev，风险经理@YouHodler “本周，比特币面临价格再次下跌的警告，因为移动平均线出现了所谓的“死亡交叉”。然而其他市场指标呼吁持续反弹。如果 NVT GC 升至 2.2 点以上，则表明价格短期趋势过热，我们正处于局部顶部区域。" - CryptoQuant</div></div></div><div><div><h3>市场热点</h3><ul><li>昨日美国比特币现货 ETF 净流入 2800 万美元。</li><li>昨日美国以太坊现货 ETF 净流入 490 万美元。</li><li>过去九小时 21Shares 的两个地址累计向 Coinbase 充值了 6208 枚 ETH，价值 1652 万美元，平均充值价格 2662 美元。</li><li>疑似 BlockTower Capital 数小时前通过 FalconX、Cumberland、Wintermute 和 B2C2 Group 出售 9232 枚 ETH（2480 万美元）。</li><li>Elon Musk 与特朗普的直播访谈讨论了通胀、移民、选举等话题，但并未提及加密货币或比特币。</li><li>今日最大的 BTC 大宗期权为：某用户卖出年底 4 万美元的看跌期权，并买入 5.5 万美元的看跌期权，共计 300 枚 BTC，支付权利金 128.3 万美元。</li></ul><h3>投融信息</h3><ul><li>流动性协议 Ion Protocol 完成 480 万美元融资，Gumi Capital Cryptos 等参投</li></ul><h3>监管动态</h3><ul><li>美 SEC 就 Uniswap 问题向 a16z 和 USV 等风投基金发函。</li></ul></div></div>

BIT 每日市场简报 08/13 - BTC 和 ETH 因为 ETF 的上线而有了结构性的支持

In this cycle, BTC and ETH have structural support due to the launch of ETF. The Altcoin market will only return when BTC and ETH respectively break through $70,000 and $4,000.

<div><div><div><h3>Daily Market Brief 2024/08/12 12:05 UTC+8</h3><img src="https://static.fwimg.io/img/feed/26e1b066da18b07f62fcea038d14c4d6.jpg"><h3> Analyst Views</h3> “In this cycle, BTC and ETH have structural support due to the launch of ETFs. Only after BTC and ETH break through $70,000 and $4,000 respectively, will the Altcoin market return. SOL will also climb above $250 by then, but due to the difference in market share, the impact of SOL&#39;s pull on the overall market will not be as strong as that of BTC and ETH. With the increase in US dollar liquidity at the end of the year, the prices of BTC and ETH may rise further , which will lay a solid foundation for the return of the Altcoin market.” - Arthur Hayes, co-founder @BitMEX “A ‘death cross’ has formed between the 50-day and 200-day moving averages, two important moving averages, signaling that the crypto market could fall further despite a brief rebound .” - Sergei Gorev, Risk Manager @YouHodler “This week, Bitcoin faces warnings of another price drop as the moving averages form a so-called “death cross” . Yet other market indicators call for a sustained rally. If NVT GC rises above 2.2 points, it would suggest that the short-term price trend is overheated and we are in a local top area.” - CryptoQuant</div></div></div><div><div><h3> Market Hotspots</h3><ul><li> Yesterday, the US Bitcoin spot ETF had a net inflow of US$28 million .</li><li> Yesterday, the US Ethereum spot ETF had a net inflow of US$4.9 million .</li><li> In the past nine hours, two addresses of 21Shares have deposited a total of 6,208 ETH , worth 16.52 million US dollars, with an average recharge price of 2,662 US dollars.</li><li> BlockTower Capital is suspected to have sold 9,232 ETH ($24.8 million) through FalconX, Cumberland, Wintermute and B2C2 Group a few hours ago.</li><li> Elon Musk&#39;s live interview with Trump discussed topics such as inflation, immigration, and elections, but did not mention cryptocurrency or Bitcoin .</li><li> Today&#39;s largest BTC option transaction is: a user sold a $40,000 put option at the end of the year and bought a $55,000 put option , totaling 300 BTC, and paid a premium of $1.283 million.</li></ul><h3> Investment and Financing Information</h3><ul><li> Liquidity protocol Ion Protocol completes $4.8 million in financing, with participation from Gumi Capital Cryptos and others</li></ul><h3> Regulatory developments</h3><ul><li> The U.S. SEC sent letters to venture capital funds such as a16z and USV regarding the Uniswap issue.</li></ul></div></div>

BIT Daily Market Briefing 08/13 - BTC and ETH have structural support due to the launch of ETF.

As the cryptocurrency market gradually stabilizes, Grayscale's Ethereum spot ETF (ETHE) has also successfully ended the net outflows since the conversion. Asset management firm CoinShares stated that during the market recovery phase in the past week to this week, Ethereum's fund products seem to be more attractive to investors compared to Bitcoin.

Grayscale ETHE ends two-week net outflows

CoinShares: ETH wins again? BTC ETP investors withdraw?

During the market recovery period, investors tend to...

The gray ETHE outflow has ended! CoinShares: Investors tend to trade ETH products rather than BTC.

On Monday, the financial market was mainly characterized by narrow fluctuations before the release of multiple macroeconomic data this week.
The three major US stock indexes closed with mixed results, with the Nasdaq Composite Index rising 0.21%, the Dow Jones Industrial Average falling 0.36%, and the S&P 500 Index remaining flat.
According to Bithumb data, BTC fluctuated around the $59,000 support level on Monday, touching a low of $57,700 in the early morning and a high of $60,760 around noon. As of the time of writing, BTC is trading at $58,933, with a gain of less than 1% in the past 24 hours.

[Bi Tui Daily Market Dynamics] The heavyweight data week kicks off, BTC basically flat.

On August 12, Bitfinex released a report stating that last week, Bitcoin rebounded strongly, rising nearly 28% from the recent low of around $49,000, which was the lowest price since February. This rebound has brought BTC back above the critical $60,000 level, after experiencing a significant sell-off in August, with the price dropping 33.32% from the cycle high and all-time high of $73,666. This is the largest correction in the current cycle.

Key indicators, such as the Mayer Multiple (which compares Bitcoin's current price to its 200-day moving average (200DMA)), provide insights into the severity of this correction. During the recent decline, the Mayer Multiple dropped to 0.88, a level not seen since November 2022, indicating that Bitcoin's trading price is significantly below its historical average trend, entering a strongly bearish phase.

On-chain data also highlights the intensity of this sell-off. The short-term holder cost basis (STH cost basis), which represents the average purchase price of recent buyers, is currently at $64,860. The spot price of Bitcoin has recently approached the -1 standard deviation (SD) range below this STH cost basis, which has historically occurred on only about 7.1% of trading days. This reflects the severity of the current market conditions.

The short-term holder MVRV ratio (which compares the current market price to the purchase price of new investors) shows that this group is holding the largest unrealized losses since the 2022 bear market low. Overall, these indicators suggest an increase in bearish sentiment and pressure among short-term investors, which typically occurs at local bottoms.

The US economy continues to show resilience, despite ongoing concerns about potential slowdown, with recent data supporting a more optimistic outlook. Last week, the significant decline in unemployment claims and the steady growth in wholesale inventories provided a solid foundation for economic growth, particularly in the second quarter, when US wholesale inventories played a critical role in the economic expansion.

In the latest news from the crypto space, Harris has emerged as the frontrunner in the 2024 US presidential race, leading Trump by a narrow margin in betting odds and recent polls. As her campaign momentum builds, speculation about her potential crypto currency stance is also increasing, especially as her team has started engaging with industry executives. This engagement suggests that crypto currency policy may become a focus in the coming months, sparking interest and anticipation within the crypto community.

Meanwhile, major financial institutions, such as BlackRock and Nasdaq, have made progress in the digital asset market, recently submitting applications to the US Securities and Exchange Commission (SEC) to launch options trading on BlackRock's spot Ethereum ETF. This move follows the SEC's approval of several well-known companies to launch Ethereum-linked ETFs, marking a significant expansion of digital asset investment options. As these developments unfold, the SEC continues to play a crucial role in shaping the crypto currency landscape, as evidenced by its recent decision to delay the approval of Hashdex's proposed ETF, which aims to hold physical Bitcoin and Ethereum, until September 30, 2024, reflecting the SEC's cautious approach in carefully evaluating the impact of new digital asset products on the market.