The trading platform’s results could give an indication for Coinbase’s earnings on May 8.
The current price is around 1800, and membership indicators show a clear accumulation of chips in this range, indicating fierce long short competition. Considering that the recent support level has only deviated by 0.26% and the resistance level is close to the current price, it indicates that the price may continue to rise after consolidating around 1800 in the short term. From the K-line pattern, the appearance of the red three soldiers in the 4-hour cycle confirms a strong bullish signal. At the same time, the EMA24 and EMA52 moving averages are in a long position, further confirming the medium to long term upward trend. Open a membership, obtain exclusive chip distribution data, and accurately grasp support and resistance! Master the distribution of chips and lock in trend turning points in advance! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
According to AiCoin monitoring, the net outflow of US spot BTC ETF reached $56.3 million yesterday, the highest daily net outflow since April 22. Among them, FBTC had the largest outflow of funds, reaching 138 million US dollars; Next is ARKB, with an outflow of $131 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only
On May 1st, according to Cointelegraph, Solana has held the $140 support level for a week, marking the first time in nearly two months, indicating that market sentiment is improving. The demand for SOL leveraged positions is approaching its historical peak, and traders are reassessing the possibility of SOL breaking through $200. The open interest contracts of SOL futures reached 40.5 million SOLs, approximately 5.75 billion US dollars, an increase of 5% compared to the previous month, approaching a historical high. The demand for SOL derivatives ranks third in the cryptocurrency market in US dollar terms, more than 50% higher than XRP derivatives, and institutional participation is increasing. But the perpetual contract funding rate is currently negative, indicating that short leverage demand is dominant. After the failure of SOL's attempt to break through $156 on April 25th, optimism has subsided, and the insufficient demand for bullish leverage may be partly due to SOL's cumulative increase of 43% in the three weeks from April 8th to 29th. Solana's on chain TVL is currently reported at $9.5 billion, covering liquidity pledging, collateralized lending, automated revenue platforms, and synthetic derivatives. Among the top DApps, Meteora's weekly revenue was $19.1 million, followed closely by Pump.fun ($18.6 million) and Juto ($14.6 million). Since April 14th, the weekly trading volume of DEX on Solana's chain has reached 21.6 billion US dollars, exceeding the total of the Ethereum L2 ecosystem. The final approval deadline for the Solana spot ETF in the United States is October 10th. Analysts predict a 90% probability of approval, and improvements in on chain indicators may simultaneously drive SOL to break through $200 before the ETF is approved.
Odaily Planet Daily News: ARK Invest has released its latest market commentary stating that the US economy has experienced a three-year "rolling recession", which may come to an end against the backdrop of weakening high-end consumption and government spending. ARK predicts that in the next three to six months, as tariffs, taxes, regulations, and monetary policies become clearer, the US economy will enter a recovery phase driven by increased productivity and may initiate a broader, structurally healthier bull market. The report points out that the current valuation of innovative assets is already in the "deep value" range, and platforms such as artificial intelligence, robotics, energy storage, blockchain, and multi omics will be the main beneficiaries.
Dr. Han, founder and CEO of Gate Group, attended the 12th anniversary global celebration event held in Dubai and delivered a keynote speech. In his speech, Dr. Han stressed that over the past 12 years, Gate Group has always focused on the interests of users, adhered to the bottom line of transparency, security, compliance and sustainable development, and did not pursue short-term foam, but built a trustworthy future digital ecosystem with patience and sense of responsibility. Dr. Han stated that Gate Group attaches great importance to global compliance operations. Its multiple global entities have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, Hong Kong, and Japan. Recently, it successfully obtained a complete operating license from the Dubai Virtual Asset Regulatory Authority (VARA) through its subsidiary Gate Technology FZE, marking a new level in the internationalization and compliance process of the platform. True innovation must bloom in compliance and transparency, "Dr. Han emphasized. In the future, Gate.io will continue to take compliance as the cornerstone and long termism as the guiding principle, steadfastly promoting the healthy, orderly, and sustainable development of the Web3 industry. Disclaimer: This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate Group may restrict or prohibit all or part of its services from restricted regions. Please read the applicable user agreement for more information.
