Early Signals by WOO X: BTC Holds Strong Support at $67,136, as Basenji Token Surges 72%
June 04 2024 - 5:38AM
WOO X Research, the analysis team of the global centralized crypto
futures and spot trading platform WOO X, is pleased to share its
latest market insights on the current trends in the crypto
landscape.
Market Overview:BTC’s 4-hour MA140 continues to
rise, currently at $67,136. If this level holds, it is considered
valid short-term support. BTC volatility is slowly increasing. The
key focus is the U.S. unemployment and non-farm payrolls data, and
their impact on BTC price on June 7th. The BTC adjustment that
started on March 15 is expected to end, as traders await BTC's
direction.
BTC Spot ETF:As of June 4th, data shows a total
net inflow of BTC spot ETFs at $13.96 billion, with a single-day
net inflow of $105 million and a single-day trading volume of $677
million. ETF net assets account for 4.36% of BTC market value. Key
observations:
- GBTC: No single-day net outflow, cumulative net outflow of $18
billion, single-day trading volume of $198 million, current asset
net value of $19.71 billion.
- FBTC: Single-day net inflow of $77 million, cumulative net
inflow of $9 billion, single-day trading volume of $262 million,
current asset net value of $11.42 billion.
- ARKB: Single-day net inflow of $11 million, cumulative net
inflow of $2 billion, single-day trading volume of $110 million,
current asset net value of $3.27 billion.
Notable Token Increases:
- Basenji (72% increase in one day):
- A meme token built on the Base ecosystem, inspired by the
hunting dogs of the Egyptian Pharaohs, known for their intelligence
and hunting abilities. Current on-chain liquidity is $1.23 million,
market value $10.44 million, and 24-hour trading volume
$800,000.
- WOLF (60% increase in one day):
- Created by Furie in the 2005 comic series "Boys' Club" on
MySpace. The half-human, half-wolf character LANDWOLF also first
appeared in this comic. Current on-chain liquidity is $1.41
million, market value $61 million, and 24-hour trading volume $2.25
million.
- BRETT (30% increase in one day):
- A meme token from Matt Furie's 2005 comic "Boys' Club",
featuring Pepe and his three friends. Brett is a frog who loves
dancing, fashion, and hats. Current on-chain liquidity is $13.08
million, market value $1.19 billion, and 24-hour trading volume
$7.96 million.
- PONKE (15% increase in one day):
- The IP image is a combination of a monkey and PEPE, with a
total token supply of 555 million, issued on Solana. The token has
recently shown counter-trend performance, rebounding 40% from the
bottom, with a 24-hour trading volume of $7.16 million.
- SLP (15% increase in one day):
- The gaming sector speculation is rotating quickly. Today's main
gainers include PYR, ILV, and SLP. Close attention to the
sustainability of funds in top projects and whether older projects
have funds for explosive growth to become the highest marks in the
sector, driving overall gaming sector speculation.
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Contact: media@woo.network
About WOO X
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X has an average daily volume exceeding $600 million and is home to
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Disclaimer
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trading strategies nor does it constitute an investment offer,
solicitation, or recommendation of any product or service. The
content is for informational sharing purposes only. Anyone who
makes or changes the investment decision based on the content shall
undertake the result or loss by himself/herself.