Penny Morning Report｜Market sentiment warms up, focus shifts back to ETH liquidity
· $BTC $92,387（+2.61%）
Bitcoin's overnight rebound mainly comes from optimistic macro expectations, but trading volume remains weak, currently in a sentiment recovery phase rather than trend confirmation.
· $ETH $3,309（+6.73%）
Ethereum has clearly shown relative strength, mainly due to a repricing of cash flow expectations in the ETH ecosystem, as well as technical recovery after previous corrections. Currently, ETH/BTC is starting to strengthen again, worth paying attention to.
· $BNB $890（-0.09%）
Fluctuating weakly, but the fundamentals remain unchanged, currently more of a structural correction after prior strength, with market sentiment neutral.
· $SOL $137.8（+3.77%）
Still maintains high Beta characteristics; when funding preferences improve, the yield elasticity becomes more apparent. SOL remains a risk-on signal asset.
Personal Opinion：
The current rebound mainly stems from sentiment recovery, but the market's core focus still revolves around:
✔ ETH ecosystem
✔ High Beta main chains
✔ Layer2
The market has not entered a trending phase, but short-term funding risk preference has clearly improved, pay attention to tracking changes in trading volume.
Strategy Suggestion：
Remain focused on high liquidity leading assets, control position rhythm, avoid chasing trades, but maintain flexibility to follow on the right side.
