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CryptoQuant stated that the Stablecoin Supply Ratio (SSR) has dropped to a historical low area (13), indicating that there is a significant amount of "dry powder" waiting to enter the market. At the same time, Binance's Bitcoin reserves have decreased while stablecoin reserves have increased. This liquidity pattern has only occurred a few times since 2020, and each time it has signaled a strong rebound in Bitcoin prices.Analysts point out that the current market shows signs of seller fatigue, and the risk/reward ratio is highly attractive. However, investors should also closely monitor key support levels, as a breach could trigger a deeper correction.

ChainCatcher news, Matrixport released today's chart stating that after the RMB devaluation in 2015, Bitcoin experienced a sell-off but rebounded strongly by the end of the year, closing the year with gains. We may see a similar scenario replaying now, and this judgment resonates with our bullish view on gold from 18 months ago.Currently, the USD to RMB (USDCNY) exchange rate is expected to break through a key technical resistance level, which is highly similar to our initial assessment of gold being "artificially suppressed and poised for a breakout," potentially indicating that Bitcoin is also about to experience a rapid increase.In addition, the correlation between USDCNY and the US 10-year Treasury yield is also worth noting. Although US Treasury yields have recently declined, a rapid rebound could exert some pressure on Bitcoin's upward momentum in the short term.

ChainCatcher news, the Web3 asset data platform RootData stated on social media that there are currently 52 orders in the primary and secondary market transfer market, with a total amount of 202 million USD; there are 14 orders in the demand market, with a total amount of 25.5 million USD. The amount ratio of transfer to demand orders is 7.96, and the quantity ratio is 3.71. The transaction amount and volume in the primary and secondary market are significantly higher than in the demand market, indicating that current investors prefer to trade in the transfer market.In addition, there are 11 projects with a valuation above 3 billion USD, namely Solana, Worldcoin, Sui, Ethena, Circle, OKX, FalconX, LayerZero, Fireblocks, Alchemy, and Sei Network. In comparison with the previous round of valuations, Memeland and EigenLayer are among the top projects in terms of growth, increasing by 14.5 times and 5 times, respectively. Hivemapper saw a decrease in valuation of 9.5%.It is reported that RootData's primary and secondary market aims to serve as a bridge between the primary and secondary markets, aggregating the buying and selling demands of professional institutional investors for project equity/SAFT, thereby improving the efficiency of market resource allocation.