Merkle3s Weekly Market Analysis 📊 9/9 1️⃣ Macroeconomic Highlights 📈 ➡️ Non-farm payroll data significantly below expectations raises concerns about employment slowdown and economic recession. ➡️ The market has fully priced in a 25bp rate cut; a 50bp cut could signal recession risks but may also present mid-term buying opportunities. 2️⃣ On-chain Market Analysis 🛡️ ➡️ $BTC is once again approaching the short-term holder average price line, showing rebound potential. ➡️ The activity of short-term holders continues to decline, and futures bearish sentiment is marginally reversing, increasing the likelihood of a rebound. Watch for resistance at 11.5k–11.7k; if it breaks down, 10.4k–9.4k is a high-value accumulation zone. ➡️ Over the past year, the market cap of $BTC held for 5–7 years has dropped from $14.9 billion to $8.5 billion, with most chips simply "aging" into longer terms, reflecting the steadfast confidence of long-term holders. 3️⃣ ETF Fund Flows 📊 ➡️ This week, $BTC ETF...
Merkle3s Weekly Snapshot📊 9/9 1️⃣ Macro Highlights 📈 ➡️ Nonfarm payrolls came in far below expectations, fueling worries of slowing employment and potential recession. ➡️ Market has fully priced in a 25bp cut, while a 50bp cut could signal recession risk but also open mid-term bottom-fishing opportunities. 2️⃣ On-Chain Market Analysis 🛡️ ➡️ $BTC price once again approaches the short-term holder cost basis, implying rebound potential. ➡️ Short-term holder activity continues to decline, futures shorts turning marginally, rebound likely. Watch 11.5k–11.7k resistance; if broken down, 10.4k–9.4k becomes high R/R entry zone. ➡️ $BTC held 5–7 years dropped $14.9B → $8.5B over past year, with coins mostly aging into longer-term holding, showing strong HODL conviction. 3️⃣ ETF Flows 📊 ➡️ $BTC ETFs saw +$246M inflows this week. ➡️ $ETH ETFs saw –$787M outflows. ➡️ Sentiment remains BTC-favored. 4️⃣ Hot Narratives 🔥 ➡️ Solana: Pokémon card marketplace #CollectorCrypt exploded, token...
18.38K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.