Secondary Market Daily 20250725

Market Trend The current cryptocurrency market presents the following characteristics:

1. The market enters a consolidation phase: Bitcoin and Ethereum are in an overbought state, facing short-term pullback risks, and the consolidation is expected to last until August.
2. Clear divergence between bulls and bears:

• Bearish signal: Futures net positions have reached the strongest bearish level since early July.
• Bullish signal: Spot prices remain stable, with buying pressure continuously absorbing selling pressure.

3. Market sentiment is cautious:

• Traditional capital's wait-and-see sentiment is rising.
• Retail investors' trust in the market has declined.

4. Regulatory Dynamics: The U.S. has delayed the crypto policy report and is prioritizing the stablecoin legislation. Mainstream coins $BTC Strong buying support is shown near 115K. Despite extremely bearish futures net positions, the price remains stable, which may trigger a short squeeze. Institutional capital inflow is increasing, and ETF funds continue to see net inflows, indicating a strong fundamental outlook. If the resistance level of 117K is broken, it may accelerate the rise to 120K. In the short term, attention should be paid to whether the support level of 115K holds. $ETH Recently showed strong momentum, with institutional capital inflows accelerating, and ETF funds surpassing $BTC. Technically, it has broken through channel resistance, with a short-term target of $8K+, but caution is needed for a 20-25% pullback. There is pressure from on-chain unstaking, but supply tightening and ecosystem development support a long-term bullish outlook. Accumulate on dips. $SOL Recently fluctuating around 178, whales continue to accumulate (365,000 pieces at an average price of $162.4), coupled with a positive factor of a 66% upgrade in block capacity, but in the short term, it faces strong resistance at $175. If it breaks through, it is bullish up to $200, with a support level at $173. The SOL ecosystem is active (such as the SAROS event), and the long-term fundamentals are strong. $BNB Recently showed strong performance, breaking historical highs, with a market capitalization exceeding $106B. Windtree Therapeutics plans to invest $520M to purchase $BNB, indicating institutional interest. The on-chain ecosystem is active, with Lista launching a new roadmap that includes high-yield stablecoins. Short-term bullish, but market volatility must be watched. Popular Coins $BONK Recently performed strongly, benefiting from the dYdX Surge program's 2x rewards incentive, with a market share of 72.8% far exceeding competitors. The project team continues to buy back (with $1.27 million destroyed in 24 hours), but caution is needed regarding large transfers to exchanges that could pressure selling. A short-term rebound may continue, but the impact of BTC's movement should be monitored. The key support level is 0.0000325, and a breakout above 0.0000365 could be bullish. $TRX Recently, due to favorable stimuli such as Sun Yuchen ringing the bell on Nasdaq and the listing of TRON Inc., there may be a short-term opportunity for an increase. However, caution should be exercised regarding the risk of a market correction after excessive speculation. In the long term, if its strategic reserve asset plan is implemented, it will strengthen the fundamentals. It is recommended to accumulate positions on dips and pay attention to profit-taking. $PENGU Recently showed strong performance, with an increase of over 160%, now approaching the resistance level of the upper range. The Comic Con event and the game "Pudgy Party" are about to be launched, providing fundamental support. A short-term pullback may present a buying opportunity, but caution is needed regarding the breakthrough of the resistance level. Current market sentiment is bullish, and attention can be paid to the continuation of the trend after the breakout. $REKT Recently performed strongly, maintaining an upward trend even during the market pullback, indicating strong market confidence. The community is highly active, and there is narrative support from the new asset category of brand coins. In the short term, one can pay attention to buying opportunities during pullbacks, while in the medium to long term, the potential target is a market capitalization of 1B. It is important to be aware of the overall market sentiment volatility risk. $MERL Listing on Bithumb may bring a short-term increase in liquidity, but caution is needed regarding the "buy the rumor, sell the news" market. If it breaks through the key resistance level of 0.12 KRW, it may initiate a new upward trend; otherwise, it could pull back to the support level of 0.08 KRW. It is recommended to observe the trading volume on the first day before making a decision. $ASP Recent performance has fluctuated dramatically, with a 24H increase of 98%, but some users have experienced buying high and selling low. The OKX launch and airdrop event have brought short-term hype, but high volatility risks should be taken into account. The fundamentals are backed by @yzilabs, focusing on trading assets with insufficient liquidity, with long-term potential. It is recommended to accumulate in batches when prices are low and set stop-loss orders. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.