Ethereum Surges Past $2700

On July 10, as per the monitoring of Farside Investors, the net inflow of REX-Osprey Solana Spot ETF yesterday was $33.5 million. After that, the ETF has now amassed a net inflow of $74.7 million.

On July 10th, based on alternative data, the Crypto Fear and Greed Index today is 71 (yesterday it was 66), suggesting a rising "greed" sentiment in the market. Note: The Fear and Greed Index has a threshold ranging from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

On July 10th, according to HTX market data, with Bitcoin reaching a new all-time high, altcoins are generally experiencing a price increase. These include: - BANANAS31 with a 24-hour change of +26.8% and currently trading at $0.0245 (ATH). - MAGIC with a 24-hour change of +19.28% and now trading at $0.1986. - SATS with a 24-hour change of +19.3% and 1000SATS now trading at $0.0000458. - Another instance of MAGIC with a 24-hour change of +19.28% and currently trading at $0.1986. - ETHFI with a 24-hour change of +15.15% and now trading at $1.078. - AIXBT with a 24-hour change of +13.92% and now trading at $0.1449. - WIF with a 24-hour change of +13.21% and now trading at $0.96. - BB with a 24-hour change of +12.4% and now trading at $0.0879. - COMP with a 24-hour change of +12% and now trading at $45.96.

On July 10th, Trader Eugene Ng Ah Sio made a post on his personal channel and said, "We are at the final stage before a real acceleration in price... Ideally, what we need to see is a clear indication of a breakout above $115,000 with a considerable volume. Only then can such a trend be definite. At present, we are not completely out of the difficulties, but the market outlook is rather optimistic."

On July 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is only in a neutral state and not entirely bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (it was previously below 0.01% for a period), and on some exchanges, certain trading pairs have even shown a negative rate (indicating a greater number of short positions). The specific funding rates for mainstream coins are shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund transfer mechanism between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represe

On July 10th, according to Coinglass data, if Bitcoin manages to break through $114,000, the cumulative short liquidation strength on mainstream CEXs will reach $1.389 billion. Conversely, if Bitcoin drops below $108,500, the cumulative long liquidation strength on mainstream CEXs will reach $1.994 billion. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.