Gate Weekly Industry Review: Bitcoin, Ethereum ETF Funds Surge, Altcoin Season Heats Up!

Last week (from August 4 to August 10), the crypto market continued its strong trend, with funds flowing into Bitcoin (BTC) and Ethereum (ETH) ETFs, driving prices to break through key resistance levels, and market sentiment entering a "mild greed" zone. Alts experienced a widespread increase, and the Meme coin zone remained active. This week (from August 11 to August 17), multiple projects will face significant token unlocks and macro data releases, which may act as catalysts for market fluctuations.

BTC ETF fund inflow, price returns to $121,000

(Source: Gate)

Last week, the net inflow of BTC ETF was 250 million USD. Although there was a significant net outflow for two consecutive days at the beginning of the week, there was a strong rebound in the following three trading days, resulting in a net inflow of funds for the entire week.

BTC price returned to around $121,400 this week, with a market share currently at 59.5%. It is noteworthy that in the overall bullish trend, many alts have seen price increases surpassing BTC, indicating an increase in risk appetite for funds.

ETH ETF ten consecutive increases, capital inflow exceeds 8 billion USD

ETH ETF saw a net inflow of $360 million last week, setting a record for 10 consecutive weeks of net inflows, totaling over $8 billion.

The price of ETH broke through 4,300 USD over the weekend, with market share significantly rising to 13%, indicating that institutional and market bullish sentiment towards ETH continues to heat up.

alts are all rising, the popularity of Meme coins remains high

Last week, altcoins generally rose along with the market. Although there was a lack of new narrative drivers, the Meme coin zone still performed well, with a healthy chip structure that is conducive to short-term pumps.

The altcoin season index temporarily reports at 38, market sentiment enters a "slightly greedy" state, and funds are starting to flow more towards high Beta assets.

IV. Important Events and Token Unlocking This Week (8.11 - 8.17)

macroeconomic data

US July CPI: To be announced on August 12 at 8:30 PM (Beijing time), which may affect the market's expectations for Federal Reserve policy.

Project and Token Unlocking:

SNS (sns sol): The claim for the SNS Token airdrop will end on August 11.

Aptos (APT): On August 12th at 8 AM, 11.31 million Tokens will be unlocked (accounting for 2.20% of the circulating supply), worth approximately 52.1 million USD.

Avalanche (AVAX): 1.67 million tokens (accounting for 0.51% of the circulation) will be unlocked at 8:00 AM on August 15, valued at approximately 39.2 million USD.

Arbitrum (ARB): 9.265 million Tokens will be unlocked at 9 PM on August 16, accounting for 2.04% of the circulating supply, valued at approximately 41.9 million USD.

Conclusion

Last week, BTC and ETH ETF funds continued to flow in, driving prices to strongly rally, and the sentiment in the altcoin market has warmed up. This week, the CPI data and large unlocks of multiple projects may become key factors for short-term fluctuations in the market. Investors need to closely monitor macro news and on-chain capital movements to prepare for potential market changes.