Secondary Market Daily 20250819

Market trend

The current cryptocurrency market is showing an overall trend of fluctuating corrections. Bitcoin (BTC) is fluctuating between $115,000 and $116,000, while Ethereum (ETH) has dropped to around $4,200 due to outflows from ETFs and a wave of unstaking. Solana (SOL) has retraced to around $180. Market sentiment is cautious, with institutions continuing to accumulate BTC (for example, MicroStrategy purchased 430 BTC in a single week), but there are short-term pressures from expectations regarding Federal Reserve policies and geopolitical influences. The expansion of stablecoins (such as USDe surpassing $10 billion) and areas like RWA are gaining attention. Analysts generally believe that the current situation is a mid-cycle adjustment in a bull market, and it is necessary to pay attention to macro data and ETF approval progress in September.

mainstream coins

$BTC Recently, large transfers have been frequent, indicating active whales. ETF funds are flowing out, but institutions are still increasing their holdings, which may lead to short-term fluctuations. The key support is at 108.5k; if it holds, a rebound may occur. In the long term, VanEck maintains a target of 180k, and opportunities to buy on dips still exist. Pay attention to on-chain data and institutional movements.

$ETH Recently facing pressure from ETF fund outflows, but large on-chain transfers and institutional holdings indicate potential accumulation signals. The technical double descending wedge suggests a possible rebound, with key support at 4249. If it breaks through the resistance at 4800, it may trigger a new round of increases. Cautious in the short term, bullish in the medium term.

$SOL Recent performance has been strong, with the mainnet stress test breaking 100,000 TPS, demonstrating clear technical advantages. The on-chain ecosystem is active, with multiple new projects such as $LIGHT and $JAKPOT bringing in capital inflows. Whales are making large long positions, with a holding of 745,000 SOL indicating bullish expectations. In the short term, it may continue to strengthen, but attention needs to be paid to the overall market volatility risk.

$BNB Recently showing strong performance, with clear market protection and healthy indicators. BNC increased holdings to 325,000 coins, becoming the largest holder, with strong fundamentals. Short-term bullish to $1000, but need to pay attention to BTC volatility impact. Competition among exchanges is intensifying, but Binance's ecological advantages are significant.

Popular Coins

$LINK {spot}(LINKUSDT) The risk of a short-term pullback is increasing, and a drop below 21.7 may lead to further declines. However, the fundamentals are strong, and as a leading cross-chain data project, its market value of 1.7 billion is undervalued compared to XRP. Institutions continue to buy in, with treasury buybacks reaching 2.8 million tokens, maintaining a long-term bullish outlook. It's advisable to wait for panic selling to gradually build positions.

$HYPE {future}(HYPEUSDT) Recent market trends show significant divergence, with the latest bearish signal (03:13 UTC) conflicting with the local bottoming rebound signal (08:06 UTC). If key support levels are broken, it will accelerate the decline; if maintained, it may challenge the $48 target. There are underlying concerns about the opacity of liquidity sources, and traders should be wary of selling pressure resulting from changes in the competitive landscape of exchanges. Short-term trading opportunities are preferable to long-term holding.

$CYC {alpha}(560x5845684b49aef79a5c0f887f50401c247dca7ac6) Recently performing strongly, with FDV stable at over $100 million, it has shown independent market performance against the trend. Its upgrade to a "no cross-chain multi-chain settlement layer" narrative (VisaNet) is quite promising, especially suitable for full-chain circulation of stablecoins and RWAs. On the technical side, it employs ZKPs to ensure security, having processed over 3 million transactions and integrated with more than 20 chains. It has received investment from Unicorn Verse and launched UnicornX (with an average historical project increase of 507.3%), and in the short term, it may continue to rise, but caution is needed regarding market correction risks. In the long term, if the demand for multi-chain settlement explodes, $CYC may become a core infrastructure.

$OKB Recently, large transfers have been frequent, indicating increased capital activity. OKX has明确战略定位, relying on its wallet, OKX Pay, and X Layer ecosystem, which shows potential worth paying attention to. However, the actual application and implementation need to be observed. There may be fluctuations in the short term, but the medium to long term outlook is bullish.

$XLAB Recently, due to the surge in popularity of OKX activities, the participation threshold is low and the winning rate is high, which looks bullish in the short term. However, attention should be paid to the selling pressure risk after the TGE, and it is advisable to enter and exit quickly. Mr. Xu's entry may bring control opportunities, but liquidity risk should be watched out for.

$SUI Recently performed strongly, with DEX trading volume surpassing $AVAX and $HYPE, indicating a significant inflow of funds. Mill City Ventures predicts it will surpass ETH and SOL, holding 81 million $SUI. Infinex is about to launch several updates, which may further promote ecological development. After a short-term adjustment of 2.97%, opportunities for entry at lower prices are emerging.

$PENGU Recently, there has been a divergence between bulls and bears. The latest data shows that its price is fluctuating around 0.0314, and it needs to break through the resistance level of 0.0322 to confirm a rebound. From a fundamental perspective, Pudgy Penguins, as a leading NFT project, may provide long-term value support through ecosystem expansion (such as integration with the Abstract chain) and potential dividend expectations. Pay attention to the impact of ETH market fluctuations on altcoins.

$AVAX Recently, the fundamentals are strong, with significant collaborations from major institutions like FIFA and Visa, as well as notable progress in RWA. However, the DEX trading volume being surpassed by SUI may trigger a short-term correction. The technical analysis indicates a 30% rebound opportunity, but attention should be paid to the risk of capital rotation. It is recommended to accumulate on dips, with stop-loss set below the support level.

$TON Recently, Ledger Live launched its staking feature and collaborated with Doodles to introduce a MiniApp game, showing strong fundamentals. In the short term, it may rise due to staking incentives and ecosystem expansion, so it's advisable to pay attention to breakout opportunities. However, be aware of the overall market sentiment volatility risk.

$PENDLE Recent performance is worth noting, with its yield splitting mechanism (PT/YT) and liquidity efficiency (0.69) showing strong fundamentals. A 37% circulating supply lock-up and a 1.47 emission coverage ratio provide price support, but caution is needed regarding USDe dependency and ve concentration risk. If Boros successfully expands fee trading, it could further drive up value. Short-term bullish, target price $7.5. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.