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Before the launch of spot cryptocurrency ETFs in Hong Kong, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market.
Analysts at Bernstein see the slowing spot bitcoin ETF flows as a “short-term pause” before the foremost cryptocurrency resumes its bull run toward their $150,000 target. The analysts also argued spot Ethereum ETF denials could be bullish for ether and reiterated their anticipation that the total crypto market cap would triple to $7.5 trillion.
Bitcoin has fallen below the $63,000 mark as weak U.S. GDP growth spreads rate-cut gloom. However, major stock indices have remained robust in the face of higher-for-longer rates.
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.
- 14:47Data: 99.6% of pump.fun traders have not made profits exceeding $10,000According to the latest Dune data, 99.6% of pump.fun traders have not yet locked in profits exceeding $10,000. However, an on-chain analyst stated that these data do not clearly reflect how many cryptocurrency traders actually made a profit on this platform. According to Dune data, among the 13.55 million wallet addresses on the Pump.fun platform, approximately 55,296 addresses have realized profits exceeding $10,000. The data shows that six-figure and seven-figure profits are even rarer: only 0.048% of traders achieved more than $100,000 in profit and only 0.00217% of traders achieved over one million dollars in profit (about 293 wallets).
- 14:46Cryptanalyst: The risk in this cycle has reached its peak for the first time, and there is still a large space for profit realization before the price recoversCryptocurrency analyst Willy Woo posted on platform X, stating that Bitcoin users seem to be very optimistic, but should exercise caution in the coming months. In this cycle, risk has peaked for the first time with a large amount of Bitcoin being sold for profit and there is still plenty of room for profit realization before prices truly return to normal.
- 14:45DWF Labs Joint Creation: Participated in a transaction of 150 MhW tokenized electricityDWF Labs announced on the X platform that it has participated in a transaction of 150 MhW tokenized electricity. Although it's not much, great things always start small. One of DWF Labs' goals is to create a global tokenization framework and market for tokenized energy, which is efficient, transparent, and borderless.