BNB touches new high, meme shares soar, Eth Etfs See Inflow: Binance Report

Last week, a new wave of stores have wiped out euphoria through US shares and crypto markets, with meme shares that roar back in Vogue and Altcoins the arrival of a long-awaited altea season.

According to the latest Binance Research Report, the risk-on sentiment was powered by strong economic data, AI-driven technical optimism and institutional crypto flows, especially in Ethereum (ETH) ETFs.

Altcoins Leefs

While Bitcoin (BTC) has cooled, floating between $ 116,000 and $ 119,000, Binance Coin (BNB) stolen the show and hit a new all time high to register a new all-time high on July 23.

The rally was fueled by the news that Nano Labs, a company listed by Nasdaq, had built a $ 90 million BNB treasure box as part of a broader trend in which companies diversify further than BTC and ETH.

Binance research marked BNB’s superior risk-corrected returns, with a five-year Sharpe ratio of 2.5, which means that it has yielded $ 2.50 for return for every $ 1 of taking risks. This version has been surpassed both traditional indices and other important cryptocurrencies, which strengthens BNB’s attraction to advanced investors.

In the meantime, US Ethereum ETFs saw nearly $ 1.4 billion in net inflow between July 21 and July 24, so that BTCs overshadowed nearly $ 59 million in the same period. The last weekly peak brings the inflow of ETH exchange-related funds for July to $ 4.67 billion. Analysts now point to these flows as a sign that institutional investors are increasingly warming up for Altcoins, in particular the world’s second largest crypto-asset per market capitalization.

Despite the bullish momentum, the cryptomarkt remains volatile. Only one day before the Binance research report landed, Altcoins suffered a sharp correction and wiped more than $ 100 billion from total market capitalization. Coins such as XRP and Dogecoin (doge) plummeted by double digits, with some, such as Aptos (APT), which fell no less than 16%.

This pullback has recovered debates about whether the alternic season really started or whether we are only in the middle of a speculative bubble.

Although stimulated by strong ETF entry, Ethereum has seen its ETH/BTC ratio ratio with 7.4% compared to his recent peak. At the same time, the dominance of Bitcoin, which had fallen below 60%, has returned somewhat as the rest of the market was withdrawn. Analysts follow the question whether the flagship can break cryptocurrency beyond the resistance level of $ 120,000, a movement that some people say that the next phase of the market cycle could dictate.

MEME -Shares rise

In the field of Wall Street this week, Binance Research noted the Surprise Rendus of RetailMania, where investors resumed in Meme shares again. For example, Kohl’s shot almost 90%, while GoPro jumped in Intraday activity with 49%.

This revival reflects the gamestop rags from 2021, possibly pointing to a revival of speculative trade fueled by social media hype and FOMO.

Elsewhere, the S&P 500 reached a record of 6,358.91 on July 23, powered by AI-led profit beats and the relaxation of trade tensions after the US-Japan tar love.

Looking ahead, Binance says that important macro -economic events, including Federal Reserve and Bank of Japan meetings, American GDP data and the threatening tar liefadline on 1 August, can influence the sentiment of the market. Moreover, the report noted that regulatory developments, such as potential Solana ETF inspections, can continue to form in the coming weeks for the Crypto process.