Daily News | BTC ETF Saw Strong Inflows of Funds, SUSHI Surged 300% in a Single Month

Crypto Daily Digest: Last week, BTC ETF fund inflows were strong, and APT will be unlocked in large amounts this week

According to Farside Investor data, last Friday’s net inflow from the US spot BTC ETFs was $376 million. BlackRock’s IBIT inflow was $257 million, and Fidelity’s FBTC net inflow was $120 million.

Last Friday, the US Ethereum spot ETF inflow was $83.8 million. BlackRock ETHA inflow was $34.6 million, Fidelity FETH net inflow was $47.9 million, and Grayscale ETHE outflow was $29.6 million.

Bitcoin spot ETF buying sentiment remains strong, with an overall net inflow of $2.775 billion last week

According to Farside Investor data, the buying sentiment of Bitcoin spot ETFs remained strong last week, with an overall net inflow of $2.775 billion and an increase in holdings of 28,606.26 BTC. On Thursday, BTC prices successfully exceeded $100,000. BlackRock continues to lead the increase in holdings, absorbing 26,880.87 Bitcoins in a single week, accounting for 81.7% of the total increase in holdings. On the contrary, Grayscale continued to reduce its holdings of 3,113.12 BTC, while other institutions maintained a net inflow state.

This week’s unlocking data list: APT, ENA, ADA and other tokens will receive large unlocking amounts

According to Token Unlocks data, APT, ENA, ADA, and other tokens will receive large unlocking this week, including:

Aptos (APT) will unlock approximately 11.31 million tokens at midnight Beijing time on December 12, with a ratio of 2.11% to current circulation and a value of approximately $160 million;

Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 am Beijing time on December 11, with a ratio of 0.05% to the current flow and a value of approximately $22.24 million;

Ethena (ENA) will unlock approximately 12.86 million tokens at 3pm Beijing time on December 11, with a ratio of 0.44% to the current flow and a value of approximately $12.88 million.

Viewpoint: Crypto experienced an independent market trend, with limited influence from the macro market; Eyes on the flow of funds from ETFs and crypto-related US stocks

Adam, a researcher at Greeks.live, posted on social media that the crypto market is booming, with ETFs maintaining their inflow trend and BTC and ETH breaking through the integer thresholds of $100,000 and $4,000. This week, there is important data on CPI and European Central Bank interest rates, but recently cryptocurrency has been experiencing independent trends, and the impact on the macro market is limited. The flow of ETF and crypto-related US stock funds deserves more attention.

Bitcoin successfully surpassed $100,000, and Altcoins experienced a comprehensive rotation of gains, with multiple mainstream coins appearing several times larger. Market capital inflows are strong, and bulls are very strong in the spot bull market.

The options market is relatively stable, and bulk trading and market interest rates are worth focusing on. The main-term IV is low, and the short-term IV has significantly fallen. The current bull market is strong, a good opportunity to buy options.

Market Trends: SUSHI surged 35% within the day, and the DEX sector collectively rose

Market Hotspots

DEX token SUSHI surged by 35%, with a current circulating market cap of $690 million, ranking 144th in the entire market and achieving a cumulative increase of over 300% since November; Other DEX tokens in DeFi, such as 1inch, DYDX, PERP, etc., also rose in tandem; These DEX have not launched any more products, and the rise is only due to the overflow of market sentiment and the generally low market cap level they are currently in;

PEPE rose 10% within the day, setting a new historical high. Its current circulating market cap is $11.3 billion, making it the third meme coin with a market cap exceeding $10 billion after DOGE and SHIB. Currently, it ranks 20th in the entire market. If DOGE and SHIB do not achieve new price breakthroughs, PEPE’s upward potential may not be very large.

Mainstream Coins

BTC is still trading around $99,500, with BTC ETF inflows exceeding $2.7 billion last week. Currently, market sentiment remains generally optimistic;

ETH experienced a slight decline after breaking through $4,000 and is currently in a narrow consolidation phase, awaiting market direction;

Altcoins generally experienced a pullback, with trending coins such as GOAT and MOODENG entering the adjustment zone in the early stages.

Macro News: The rise and fall of the US stock market are mixed, and it is almost certain that the Fed will cut interest rates in December

Last Friday, the three major US stock indexes fluctuated, with the S&P 500 index rising 0.25% to 6,090.27 points; The Dow Jones Industrial Average fell 0.28% to 44,642.52 points; The Nasdaq index rose 0.81% to 19,859.77 points. The benchmark 10-year Treasury yield is 4.15%, while the 2-year Treasury yield, most sensitive to the Federal Reserve policy rate, is 4.10%.

Last Friday, after the monthly employment report showed that the labor market was cooling sufficiently to allow the Federal Reserve to cut interest rates again at the end of its meeting on December 18, the US Treasury continued its recent rebound. Non-farm payroll data is considered the last key indicator of the labor market before this. This week, the United States will also release CPI and PPI data, and the market expects these reports to show a slight increase in inflationary pressure.