📈 Daily Market Review 📉
🔸Daily Macro:
🔹BTC Mkt:
BTC hit a low of $49K, dropping over 10% in a single day, but rebounded to $54K-$55K.
🔹BTC ETF:
Net outflow of $168M on Aug 6.
🔹ETH ETF:
Net outflow of $1.64M on Aug 6.
🔹Macro Data:
Asia-Pacific stock markets crashed on "Black Monday," triggered by BoJ's rate hike and a strong Yen. U.S. non-farm payroll data missed expectations, raising recession fears.
🔸Daily Focus:
🔹Aave:
Aave showed resilience, earning $6M from liquidations during the crash, highlighting strong risk management. DeFi TVL dropped from $100B to $71B, with over $1B in liquidations, incl. $350M in DeFi protocols.
🔸Next Focus:
🔹Jump Trading:
Jump Trading's large ETH sell-off has drawn attention. Possible reasons: market panic, macro issues, regulatory pressure, or increased volatility. Users can monitor Jump Trading's activities via blockchain explorers to gauge impact.
Full review: 👉HERE👈
🔸Daily Macro:
🔹BTC Mkt:
BTC hit a low of $49K, dropping over 10% in a single day, but rebounded to $54K-$55K.
🔹BTC ETF:
Net outflow of $168M on Aug 6.
🔹ETH ETF:
Net outflow of $1.64M on Aug 6.
🔹Macro Data:
Asia-Pacific stock markets crashed on "Black Monday," triggered by BoJ's rate hike and a strong Yen. U.S. non-farm payroll data missed expectations, raising recession fears.
🔸Daily Focus:
🔹Aave:
Aave showed resilience, earning $6M from liquidations during the crash, highlighting strong risk management. DeFi TVL dropped from $100B to $71B, with over $1B in liquidations, incl. $350M in DeFi protocols.
🔸Next Focus:
🔹Jump Trading:
Jump Trading's large ETH sell-off has drawn attention. Possible reasons: market panic, macro issues, regulatory pressure, or increased volatility. Users can monitor Jump Trading's activities via blockchain explorers to gauge impact.
Full review: 👉HERE👈
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