Daily News | PI Coin Hit A High Of $3 And Then Pulled Back, ETH Market Share Fell Below 10% For The First Time In 4 Years

Crypto Daily Digest: BTC ETF experienced net outflows for 8 consecutive days, while ETH and SOL fell by more than 50% from their historical highs

According to Farside Investors data, the US Bitcoin spot ETF had a net outflow of $266 million yesterday, of which BlackRock had an outflow of $192 million and Fidelity FBTC had an outflow of $7.25 million. The BTC ETF has had a net outflow for eight consecutive days, with a total outflow of more than $3.2 billion in these eight days.

Yesterday, Ethereum spot ETFs saw outflows of $46.4 million, of which BlackRock ETHA saw outflows of $26.74 million and Grayscale ETHE saw outflows of $19.6 million.

Data: Bitcoin fell by 25% from its all-time high, and Ethereum fell by more than 50% from its all-time high

According to Gate.io market data, Bitcoin has fallen by more than 25% from its historical high of $109,588 in 39 days and is now trading at $80,610. Ethereum has fallen by 55% from its bull market high of $4,107 in 74 days and is now trading at $2,116; SOL has fallen by 55% from its historical high of $295.8 in 40 days and is now trading at $129.6.

Glassnode: Bitcoin cost concentration area of ​​$96,000 to $98,000 may be a strong resistance level

Glassnode posted on social media that “Between late December 2024 and February 2025, there was strong accumulation in the $96,000 to $98,000 area.

While some addresses within these price ranges are reallocating their BTC, this supply cluster remains extremely dense — and could serve as strong resistance if we revisit this level again.”

Analysis: Maintain bullish stance, expect market to rebound before the end of the week

“US President Donald Trump’s announcement of a possible 25% tariff on European goods has reignited investor fears, sending the Crypto Fear & Greed Index down to 10, in extreme fear territory,” said Valentin Fournier, an analyst at BRN.

While some fear the start of a bear market, history shows that 25% pullbacks are common in bull cycles, and the U.S. effort to build a national crypto reserve remains an important long-term catalyst. We maintain our bullish stance and expect the market to rebound by the end of the week. We continue to overweight Solana and remain neutral on BTC and ETH.”

Market Trends: PI coin hit the $3 mark and experienced a pullback, ETH market share fell below 10%

Market Hotspots

The AI ​​concept new coin SHELL surged, with the highest intraday increase exceeding 40% at one point; SHELL is the leading AI Agent project promoted by the BNB chain. With CZ pushing the BNB chain, SHELL has received a lot of support; SHELL’s current circulating market cap is $160 million, ranking 260th in the entire market, with a total circulating market cap of $600 million;

PI coin has experienced a correction, encountering a large sell-off at the integer mark of $3, and is currently consolidating around $2.5; PI’s current circulating market cap is $17.7 billion, and the actual circulation rate is only 6.7%; the full circulating market cap of PI coin is as high as $250 billion, which is infinitely close to the full circulating market cap of ETH; from the perspective of market cap space, this price performance of PI coin is almost unsustainable.

Mainstream Coins

BTC plunged again today, and the BTC ETF had a net outflow for 8 consecutive days. This week, a single-day outflow record of over $1.1 billion was recorded. The short-term volatile downward trend will continue; the AHR999 index also fell sharply recently, indicating that the current BTC price is suitable for long-termists to invest regularly;

ETH has fallen for 5 consecutive days, hitting the $2,200 mark. On the funding side, ETH ETF has not encountered a large sell-off this week and is still mainly following the market trend. At the same time, ETHD officially fell below 10% today and is now at 9.8%, which is also a new low in the past 4 years;

Altcoins generally fell, and the market lacked a collective narrative hotspot.

Macro News: US stocks fell sharply, the market eyes on PCE data tonight

The three major U.S. stock indexes all fell sharply, with the S&P 500 down 1.59% to 5,861.57 points, the Nasdaq Composite down 2.78% to 18,544.42 points, and the Dow Jones Industrial Average down 0.45% to 43,239.5 points. The benchmark 10-year Treasury yield was 4.22%, and the 2-year Treasury yield, which is most sensitive to the Fed’s policy rate, was 4.02%.

In terms of macroeconomic data, a number of data released on the 27th also disturbed the US stock market. Among them, the report released by the US Bureau of Economic Analysis showed that the annualized quarter-on-quarter growth rate of real GDP in the fourth quarter of the United States was revised to 2.3%, which was in line with market expectations and the same as the initial value. Although the growth rate has slowed down compared with previous quarters, it still shows the resilience of the US economy. However, the inflation data is not optimistic.

The market is currently paying close attention to the U.S. PCE report for January 2025, which will be released at 21:30 tonight Beijing time. This data will provide the market with the latest clues on the trend of U.S. inflation and may have an important impact on the Federal Reserve’s policy decisions.