📈 Daily Market Review 📉
🔸Daily Macro:
🔹BTC Mkt:
BTC rebounded to $56K, currently between $56-$57K
🔹BTC ETF:
Prelim reports on Aug 7 showed a net outflow of $148M
🔹ETH ETF:
Prelim reports on Aug 7 showed a net outflow of $11.59M.
🔹Macro Data:
After "Black Monday" global stock markets rebounded. Asia-Pacific markets surged, and major U.S indices rose, ending a three-day losing streak
🔸Daily Focus:
🔹Meme Sector:
Mainstream Memes like PEPE, WIF, and BONK rebounded over 20%, while others like GINNAN, KEYCAT, LOBO, SCF, CATDOG, NEIROETH, LOCKIN, MIGGLES, MEW, and DOG rebounded over 50%.
🔹Market Outlook:
The Meme sector's strong rebound indicates market optimism and a search for high returns amid volatility. Caution is advised as the market may retest lows. Monitor market dynamics closely
🔸Next Focus:
🔹BTC Spot ETF:
On "Black Monday," BTC spot ETF trading volume hit a four-month high, over $5B in one day. Despite this, 10 BTC spot ETFs saw net outflows for 3 consecutive days
Full review: 👉HERE👈
🔸Daily Macro:
🔹BTC Mkt:
BTC rebounded to $56K, currently between $56-$57K
🔹BTC ETF:
Prelim reports on Aug 7 showed a net outflow of $148M
🔹ETH ETF:
Prelim reports on Aug 7 showed a net outflow of $11.59M.
🔹Macro Data:
After "Black Monday" global stock markets rebounded. Asia-Pacific markets surged, and major U.S indices rose, ending a three-day losing streak
🔸Daily Focus:
🔹Meme Sector:
Mainstream Memes like PEPE, WIF, and BONK rebounded over 20%, while others like GINNAN, KEYCAT, LOBO, SCF, CATDOG, NEIROETH, LOCKIN, MIGGLES, MEW, and DOG rebounded over 50%.
🔹Market Outlook:
The Meme sector's strong rebound indicates market optimism and a search for high returns amid volatility. Caution is advised as the market may retest lows. Monitor market dynamics closely
🔸Next Focus:
🔹BTC Spot ETF:
On "Black Monday," BTC spot ETF trading volume hit a four-month high, over $5B in one day. Despite this, 10 BTC spot ETFs saw net outflows for 3 consecutive days
Full review: 👉HERE👈
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