Incubeetor Weekly Report
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From Development to Fundraising to User Growth: BEES Supports Cultivating Success, Enhancing Efficiency by 95%
Our latest Weekly report summarises all the key insights of Bicoin and the money flow.
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1/ Bitcoin
Despite the initial fake approval news of a Bitcoin ETF, the market reacted positively, leading to a breakout in Bitcoin price at $32k with strong momentum. As a result, the Bitcoin market structure confirms an upturn.
2/ Last week, about $3.6B in OI accumulated, driving the total OI to spike at $15.2B since the collapse of FTX. This occurred despite the absence of fresh money flow entering the market.
3/ The net inflow of BTC significantly increased when BTC reached 35k, which consistently creates selling pressure in that range. Be caution in the market condition.
4/ Stablecoin
In less than 48 hours, the stablecoin market cap experienced a fluctuation of nearly $1 billion due to the remarkable price surge of Bitcoin. As a result, the stablecoin market cap has returned to around $124 billion, indicating an unstable growth.
5/ In details, round $350m in USDC was burned out of the market when BTC made a new high of 35k in 2023. Keep an eye on this burn that occurred during the bullish hype in the market.
6/ Money Flow
Money flow has returned to the
with an impressive amount of $20 million.
continues to attract significant funding over the past month. Furthermore, since the launch of
领英推荐
's mainnet, over $13 million has flowed into the
7/ Notable Fundraising
Events The gaming sector was the hotspots for funding in the last week. Upland and Forge were top notable fundraising project.
8/
, a representative of the DeFi sector, has received significant funding of over $22m in a Series B round led by
. It is a perpetual DEX designed for trading any asset pair, including long-tail assets and NFTs with low fees and high liquidity
9/ Weekly Highlights Take a look at:
a hybrid DEX, is building its appchain using ZK Stack. Should observe the money flow into this ecosystem. DePIN: With the launch of the BNB Greenfield mainnet, marking an important development in storage. Explore more
10/ Conclusion
This BTC rally haven’t attracted fresh money flow into the market. However, the Bitcoin market structure confirms an upturn. There has a sell pressure at the region of 34-35k when net inflow exchange of $BTC increase significant.
.