ChainCatcher news, Bitfinex Alpha's latest report shows that the correlation between Bitcoin and the S&P 500 and Nasdaq has reached a new high for the year, while the implied volatility of options has decreased by 13% this week, indicating that traders expect price fluctuations to ease.On the macro front, the number of unemployment claims in the U.S. has risen to the highest level in three years, and the consumer confidence index has ended a six-month streak of increases, with growing concerns in the market regarding the Trump administration's trade policies and regulatory changes. On the institutional side, there has been a surge in applications for Litecoin, XRP, and Solana ETFs, indicating rising institutional investment interest, while the U.S. House Oversight Committee has launched an investigation into unfair banking services faced by crypto-related entities.

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media, "I believe that in the coming days, new support levels will be found, and the market may undergo some consolidation and retest certain levels, after which quality altcoins will start to rise again. Currently, my watchlist includes the following projects (in no particular order): SUI; SEI; ENA; ZRO; STX; IO; CHR.""In this environment, the definition of 'quality' is quite broad, essentially meaning having good catalysts, fundamentals, or a clean chart without any tokens pending unlock, while also demonstrating historical relative strength. I currently have a substantial position but am still waiting to add more after the previously mentioned retest levels."