Last Week’s Market Highlights:
Alpha Insights: Last week’s rebound in the crypto market triggered the largest short squeeze since October. Overall, BTC entered a high-volatility consolidation phase after a rapid upward move, with upward momentum temporarily slowing but not shifting into a bearish structure. ETH demonstrated more resilience compared to BTC, repeatedly finding support near the MA30 during pullbacks, with the high and low points maintaining an upward trend.
On-Chain Funds: On-chain capital flows show a clear “trade scenario priority” characteristic, with funds withdrawing from low-turnover general settlement layers and moving toward networks with higher trading efficiency and strategic capacity. Perp DEX and prediction markets have become the main channels for capital inflow in this cycle. Hyperliquid and Polygon PoS both saw net inflows exceeding $100 million. The Meme activity within the Solana ecosystem has warmed up, with Bags App rapidly rising by leveraging a “donation coercion” mechanism, amplifying FOMO and viral spread effects.
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