ETH falls below the $2550 mark

OKX-PI's current price is $0.6949, a decrease of 18.68% in 24H. 24-hour transaction volume of 1 billion US dollars, up 26.79%, for reference only

According to official data, in the seven days ending May 15th, Circle issued approximately 2.9 billion USDC and redeemed approximately 3.7 billion USDC, resulting in a decrease of approximately 800 million coins in circulation. The total circulation of USDC is 60.5 billion pieces, with reserves of approximately 60.7 billion US dollars, including cash of approximately 7.3 billion US dollars, and Circle Reserve Fund holding approximately 53.4 billion US dollars.

According to AiCoin monitoring, a large amount of funds flooded into the US spot BTC ETF market yesterday, with a net inflow of up to 260 million US dollars, of which IBIT was the largest inflow, with a daily net inflow of 130 million US dollars; Next is FBTC, with a total of 67.9 million US dollars. 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

The current ETH price is at a key support level around 2500, and the distribution of chips shows a clear concentration of chips in this range, indicating a high market recognition of this price level. Based on recent price fluctuations and abnormally active trading volume, the decline may receive support at this point. Meanwhile, the slope of EMA52 is upward, and the medium-term trend remains strong, confirming the possibility of a rebound after a pullback. However, the emergence of the black three soldier form and the increase in trading volume are synchronized, and the pressure of short positions cannot be ignored. How to determine the effectiveness of support? The exclusive chip distribution indicator for members can accurately capture changes in supply and demand at key points, helping you plan ahead. Open a membership, grasp the trend of chips, and accurately buy bottom and escape top! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.

On May 17th, according to Lookonchain monitoring, a whale address withdrew 6053 ETH (worth $15.66 million) from OKX 9 hours ago.