Mar 4 Update: #Bitcoin ETFs: 1D NetFlow: +4,046 $BTC(+$290.89M)🟢 7D NetFlow: +20,816 $BTC(+$1.5B)🟢 #Ethereum ETFs: 1D NetFlow: -9,049 $ETH(-$18.76M)🔴 7D NetFlow: +69,007 $ETH(+$143.05M)🟢 #Solana ETFs: 1D NetFlow: +1,759 $SOL(+$158K)🟢 7D NetFlow: +567,245 $SOL(+$51.05M)🟢

[Grayscale: February Solana On-Chain Stablecoin Trading Volume Hits $650 Billion, Reaching New Highs] Odaily Planet Daily reports that in February, the on-chain stablecoin trading volume on Solana reached $650 billion, setting a new record and the highest among all blockchains for the month, more than doubling the level before October last year. According to a research report released by Grayscale Investments (data sourced from Allium), the rising demand for retail on-chain payments has significantly boosted stablecoin activity. The report points out that Solana is gradually shifting from primarily Meme coin transactions to trading pairs involving SOL and stablecoins, reflecting an increased share of payment use cases. Previously, Standard Chartered also stated that the low transaction cost advantage is helping Solana expand into micro-payments and native internet financial applications. In terms of market share, Solana currently ranks as the fourth-largest stablecoin supply across the network and ranks second only to Ethereum in USDC circulation. Analysts believe that although Ethereum still dominates the stablecoin and RWA sectors, stablecoins may become a key pillar for the maturity of the Solana network. (The Block)

【$PEOPLE Signal】Long + 1H Breakout Acceleration, Main Force Funds Support $PEOPLE The 1H timeframe is experiencing a violent surge, with the price breaking through all recent resistance levels and hitting a new intraday high. The 4H timeframe confirms an upward trend with a large bullish candle. Although RSI indicates overbought conditions, the open interest remains stable and buying depth is substantial, suggesting that main force funds are still actively supporting the market. This is a typical short squeeze scenario; as long as momentum remains, follow the trend. 🎯Direction: Long ⚡Entry/Order: 0.00736 - 0.00742 (Wait for a healthy 1H pullback, approaching the 1H EMA20 support) 🛑Stop Loss: 0.00718 🚀Target 1: 0.00775 🚀Target 2: 0.00810 🛡️Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold the remaining position to aim for Target 2. If the price strongly breaks through 0.0081, consider holding some positions and trailing the stop to lock in profits. (Depth Logic: While the price surges by 20%, open interest remains stable. This is not simply a short squeeze but indicates new bullish funds entering the market. Although the 1-hour RSI is as high as 82, in a strong trend it may become dulled. Market depth shows buy orders far exceed sell orders, with a large accumulation of buy orders in the 0.0073-0.0074 range, forming a strong support. Currently, the price is far from the optimal entry zone; strictly avoid chasing high. Patience and waiting for a pullback is the best sniper point.) Check real-time market 👇 $PEOPLE --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #加密市场上涨