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Latest market data shows that the investment sentiment in the Crypto Assets sector is clearly in the greed zone, with the Fear & Greed index hitting 73 points. This sentiment indicator reflects investors' optimistic expectations regarding institutional participation and the policy environment, while also suggesting potential Fluctuation risks that the market may face.
Currently, Bitcoin is priced at 118079.00 USD, with a slight drop of 0.35% in the last 24 hours; Ethereum remains at 3774.00 USD, showing a small increase of 0.01% over the same period. The relative stability of Bitcoin's price can be attributed to the market's digestion following large-scale sell-offs, as well as expectations of a cautious rate cut strategy by the Federal Reserve. Meanwhile, Ethereum's price performance is influenced by increased institutional demand and a surge in PoS network exit queues, presenting a short-term pressure but overall stable trend.
On-chain data shows that the Ethereum PoS network has accumulated 659,673 ETH in the exit queue, worth approximately 2.516 billion USD, with a waiting time of over 11 days. Meanwhile, the number of newly queued ETH is 233,936, worth 892 million USD. This phenomenon reflects the high attention and dynamic adjustment of market participants towards the Ethereum network.
Regarding Bitcoin, despite the recent large-scale sell-off, 97% of the circulating supply remains profitable, with unrealized profits reaching up to $1.4 trillion. This data highlights the resilience of long-term Bitcoin holders and the overall strong performance of the market.
It is worth noting that some investors are adjusting their strategies. Data shows that some "smart money" addresses have shifted to holding short positions in ETH, with an entry average price of $3803, and have currently accumulated profits of over $34 million. This strategic adjustment reflects the divergences present in the market and the flexible responses of institutional investors.
In terms of institutional participation, BlackRock's spot ETF products attracted significant capital inflows last week, with the Bitcoin ETF seeing an inflow of $267 million and the Ethereum ETF attracting $1.2 billion. This trend indicates that institutional investors' interest in Crypto Assets continues to grow, injecting new vitality into the market.
Overall, although the market sentiment is generally optimistic, investors still need to be wary of potential Fluctuation risks. The increase in institutional participation and changes in policy expectations will continue to be key factors influencing the market direction. In this environment full of opportunities and challenges, maintaining a rational and prudent investment strategy is particularly important.