Market Analysis on July 22, 2025

Market Trend

BTC continues to adjust, altcoins are experiencing a general surge, followed by a pullback. Many altcoins are fluctuating very quickly, and profits haven't been taken out, returning to distant points.

Ethereum has risen for 2 consecutive weeks and needs a pullback to shake out the bulls. There's no need to rush to buy; wait for 2 days, and you can buy in the range of 3500-3300.

U.S. stocks hit new highs, gold surged.

Market Highlights:

1. The public chain sol has risen, and US-listed companies have increased their holdings by 200 million dollars. NFT concepts like pengu and dood have also risen, possibly influenced by giant whales bottoming out on NFTs. The meme pythia has surged, with strong control from the main players.

2. The prices of ENA and SPK in DeFi are rising. ENA is a yield-generating stablecoin, and a company similar to MicroStrategy has been established to buy coins in the U.S. stock market. SPK is the native lending platform launched by MakerDAO, which aggregates yield on on-chain capital and has a shorting fee rate of -0.5%.

3. The social concept Zora has surged, and the Base chain app integrates its content socialization technology.

4. BlackRock applies for a spot Ethereum ETF. If approved, Ethereum will welcome a wave of positive news, related tokens: ethfi, eigen, ldo, rpl, puffer (junk from the庄).