Crypto Market Weekly: BTC ETF continues to attract funds, ETH rises significantly drawing attention

Market Overview

In the past week, Bitcoin ETF continued to attract inflows, achieving net inflows for the third consecutive week, totaling $920 million. This continues the inflow trend of $3.03 billion and $1.81 billion in the previous two weeks, reflecting investors' optimistic attitude towards the future market. The price of Bitcoin reached a high of $105,000 this week, with the potential to set a new historical high in May. Market sentiment indicators show that investor sentiment has entered the greed zone.

Regarding Ethereum, despite a net outflow of $38 million from its ETF, the price of the coin still rose significantly from the $1,800 range to $2,600, with a single-day increase reaching 25% at one point. The ETH/BTC exchange rate increased significantly to 0.024, and Ethereum's market cap ratio also rebounded from around 7% to 9%. It is worth noting that this round of rise in Ethereum seems to have a low correlation with the flow of ETF funds, with some opinions suggesting that this may just be a short-term rebound, as multiple technical indicators are at historical lows.

Performance of Popular Currencies

This week's standout tokens include MOODENG, GOAT, PNUT, PI, and KAITO. Among them, MOODENG saw a rise of up to 566.53% during the week, reaching a peak price of 0.2889USDT, with a current market value of approximately 260 million USD. GOAT and PNUT also rose by 212.9% and 167.6% respectively, with GOAT peaking at 0.2503USDT.

Overview of the US Market

The U.S. stock market showed mixed performance, with the S&P 500 index, Dow Jones Industrial Average, and Nasdaq index falling by 0.8%, 1.2%, and 1.5%, respectively. The market was impacted by uncertainty over tariff policies and mixed corporate earnings reports. Although news of tariff exemptions brought a brief rebound, the tense U.S.-China trade relations and strengthened chip export restrictions hit tech stocks hard. Intel's weak earnings report dragged down the Nasdaq, while Tesla's strong performance provided some support for the S&P 500.

Popular Sector Analysis

The Meme coin sector is performing actively, with several projects such as MOODENG, GOAT, and CHILLGUY experiencing significant rises, indicating that in the rebound market, investors prefer fully circulated popular Meme coins. MOODENG's daily rise exceeds 130%, and its weekly rise exceeds 6 times, making it one of the best-performing Meme coins in the market. Multiple trading platforms have announced the listing of MOODENG, further stimulating its demand.

The AI agent sector is also gaining attention, with the prices of tokens such as PIPPIN, SWARMS, and GRIFFAIN rising, indicating that this area remains a focal point for capital. However, these tokens are still far from their historical highs, reflecting a certain skepticism in the market regarding existing AI agent projects, and new projects may emerge in the future.

Important Unlocking Information

• APT will unlock approximately 11.31 million tokens on May 12 at 8:00, worth about 58.47 million USD.
• Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, accounting for 2.49% of the total supply, currently valued at about $329 million. These tokens will be allocated to the team, foundation, and strategic partners, among others. Additionally, approximately 1.13 million AVAX (valued at about $38.81 million) will be distributed through an airdrop.

Risk Warning

Cryptocurrency investment is highly speculative and carries a significant risk of loss. Past performance is not indicative of future results. The value of digital currencies is highly volatile, and investors should carefully consider their personal circumstances before participating in trading or holding. It is recommended to fully understand the associated risks and conduct thorough research before making any investment decisions.