#密码资产动态追踪 Market Weekly Report Issue 248

The market became active during the weekend night, and this week's trend appears unlikely to be calm.

Bitcoin has been testing around the Asian market open and has rebounded above the 91000 level. This is a decent performance at the start of the week, and investors can continue to monitor it. Ethereum broke through 3100 following the trend, but the upward momentum is relatively limited, mainly following the market movement.

The Altcoin sector shows clear divergence. BNB is under pressure due to a short-term pullback in the Chinese Meme ecosystem with relatively weak overall performance; in contrast, SOL is exceptionally strong, leading mainstream coins with a 24-hour gain of 4%.

**On-Chain Data Overview**

Last year, Bitcoin's network completed block mining through 36 independent miners, indicating the network's distributed degree remains maintained; the heat of Chinese Meme tokens has temporarily cooled, with popular tokens such as "我踏马来了" and "老子" showing significant market cap pullbacks.

**Policy and Application Developments**

Kweichow Moutai has established a digital technology company with business involving blockchain technology software and services; Russia's Social Fund has initiated social-level discussions on the application of crypto payment for pensions; additionally, Venezuela has used USDT extensively to circumvent sanctions, with Tether officially stating it will proactively cooperate with international law enforcement agencies.

**Market Outlook**

Maintain long-term positioning and believe BTC breaking through 200K is only a matter of time. For perpetual trading, remember that stop loss is the first principle, and probabilistic thinking is the core of trading.