Will Bitcoin's market get better and better this year?

In the early hours of yesterday morning, Bitcoin fell to 66,032 USDT, falling more than 5.5% in 24 hours. It rebounded to 67,500 USDT in early trading this morning. The single-day volatility is high. In the past 24 hours, the entire network has liquidated positions of US$255 million, including US$236 million of long orders and US$19.5956 million of short orders. The main liquidation of long orders has caused US stocks to fluctuate. The entire market is waiting for this evening. Following the US FOMC meeting and CPI inflation data, the market was generally cautious.

Yesterday (June 11th, Eastern Time), the Bitcoin spot ETF continued to experience net outflows, totaling US$200 million, ending 19 consecutive trading days of net inflows. Grayscale ETF GBTC had a single-day net outflow of US$121 million, and the current historical net outflow of GBTC is US$18.093 billion. The recent wealth effects are mostly on some new coins. For example, NOT has seen a relatively good increase after being launched on BN, including IO, which was just launched yesterday. Follow-up investors can keep an eye on the launch of new coins and the market conditions of some blue-chip public chain ecosystems.

Sector changes: Blue chip public chain sector (FTM, TON)

TON ecology and FTM ecology are actively operating communities and releasing new project progress updates, etc. , the wealth effect will flow in its ecology, forming a potential purchase of the public chain assets.

FTM rebounded slightly to US$0.65 yesterday; TON returned to hovering around US$7;

Factors affecting the market outlook

All aspects of data are eye-catching: TON network activity has increased since 2 It has gradually increased since the beginning of the month. As of now, the number of daily active addresses of TON has exceeded that of Ethereum, and the TON ecological TVL has exceeded 460 million US dollars, a record high;

Ecological construction continues to make efforts: Yesterday, the Fantom Foundation released The second Sonic governance proposal includes airdropping S tokens for Opera and Sonic users, and plans to adopt a burning mechanism to increase activity and TVL. The TON ecology also announced that the TON OpenLeague Season 4 will start at 19:00 today, and enhancement pools will be launched on STON.fi and DeDust, and more than $1.8 million in rewards will be provided in the next two weeks. Users can earn rewards by staying active on the chain and providing liquidity.

We need to focus on the following sectors: ETH ecological projects

ETH spot ETF results may be released at the end of June/early July. ETH ecological assets may have room for speculation. The recent correction of this track has been relatively severe. Large, falling out of the layout space;

Specific currency list

UNI: The first DeFi Swap project on blockchain applications, Uniswap generated US$2.022 million in handling fees and income in the past 24 hours Considerable;

LDO: The leading LSD project in the ETH ecosystem, the TVL is as high as 34.4 billion U.S. dollars, and the valuation is only less than 2 billion U.S. dollars, which is relatively undervalued;

PENDLE: The project TVL continues Rising, TVL is currently as high as 6.6 billion U.S. dollars. The increase in the total market value of stablecoins and the high popularity of the Restaking track have led to increased demand for PENDLE's business in the bull market;

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