Merkle3s Weekly Market Quick Facts 📊 4/16
1️⃣ BTC has entered a volatile rally phase 📈
Analysts note that #BTC has entered a phase of rally rather than a trend reversal. The next significant resistance target is near $92K, where significant selling pressure is expected.
2️⃣ ETF funds continue to flow out 📉
The spot ETF market remains weak: #BTC ETFs saw net outflows of about $815 million this week, showing net outflows for the seventh consecutive day, while #ETH ETFs saw net outflows of about $82.5 million, and institutional funds continued to be cautious.
3️⃣ Solana chain meme and AI sectors are recovering 🔥 strongly
Solana's on-chain Musk concept meme coin $RFC soared in popularity, reaching a market cap of $130 million, on-chain AI leader $FARTCOIN quickly rebounded from $220 million to $800 million, and emerging AI projects such as $DARK, $MTN and $CRYPTOAI both exceeded $10 million in market capitalization.
4️⃣ Market Risk Warning ⚠️
The market volatility and the continuous outflow of ETF funds indicate that the investment sentiment is still cautious, and the meme token market is volatile and the trading risk is high, so special attention needs to be paid to risk control.
Merkle3s Weekly Snapshot 📊 4/16
1️⃣ BTC Enters Rebound Consolidation 📈
Analysts highlight that #BTC has entered a rebound consolidation phase, not a trend reversal. The next significant target is around $92K, expected to face substantial resistance.
2️⃣ ETF Fund Outflows Continue 📉
Spot ETF markets remain subdued: #BTC ETFs recorded net outflows of approximately $815M this week, marking seven consecutive days of outflows; #ETH ETFs saw net outflows of around $82.5M, reflecting cautious institutional sentiment.
3️⃣ Solana Meme & AI Sector Revival 🔥
The Elon Musk-themed meme coin $RFC on Solana surged, reaching a market cap of $130M. AI leader $FARTCOIN sharply rebounded from $220M to $800M, while new AI projects like $DARK, $MTN, and $CRYPTOAI surpassed $10M market caps.
4️⃣ Market Risk Alert ⚠️
Market consolidation and persistent ETF outflows indicate ongoing caution. Meme tokens exhibit high volatility, presenting significant trading risks—exercise caution.
7.53K
4
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.