[Today's crypto market update]

Macroeconomic aspects:
• 🇨🇳 China has introduced a new round of policy measures: the deficit rate has been raised to 4%, an additional 1.3 trillion yuan of ultra-long-term special government bonds will be issued, and policies are being intensified to support the real estate and stock markets, stabilize expectations, and stabilize the economy.
• The integration process of domestic and foreign trade is accelerating, and cross-border e-commerce continues to attract foreign trade enterprises to settle in, which has temporarily repaired risk sentiment.

Institutional Fund Flow:
• 🏦 BlackRock continues to increase its holdings in the Ethereum ETF, purchasing an additional 13,480 ETH yesterday, marking 14 consecutive days of accumulation, with a total inflow exceeding $576 million, accounting for 71% of the total inflows into ETH ETFs during the same period!
• 🇯🇵 Japanese listed company Remix-point increases BTC investment: purchased an additional 44.8 Bitcoins, with total investment exceeding 1 billion USD this year, as Asian funds continue to actively position.

On-chain trends:
• 🐳 Whale unlocked 74,341 SOL, releasing selling pressure of about 11.24 million dollars, short-term attention to selling pressure risk.
• 🧨 The potential funding chain risk of EOS has intensified, with some primary market prices inverted. If large clients close positions or trigger a brief run on the ETH chain, one must be wary of black swan risks.

Other risk events:
• ⚠️ The issue of Coin-base account freezing has been alleviated by 82%, and the platform is continuously optimizing.
• 🇰🇷 South Korean star fund We-made suffers huge losses, with unrealized losses reaching 158 billion won, putting pressure on We-mix.

📊 Overall: The funding situation for BTC remains strong, while local on-chain selling pressure is increasing. Short-term operations should be cautious of high-level fluctuations and pullbacks, maintaining flexible positions.