BlockBeats News: On May 17th, according to Farside monitoring data, the cumulative net inflow of US Ethereum spot ETFs this week was $41.8 million.
OKX-ETH/USDT is currently trading at $2453.59, a decrease of 5.83% in 24 hours. Please pay attention to market fluctuations.
The current price of ETH is $2454.81, a decrease of 5.74% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.78 million US dollars, with multiple orders being the main liquidation, and ETH liquidation of 3.89 million US dollars (36.09%). The data is for reference only.
Click on the link to enter the live stream: https://meeting.tencent.com/p/9850662513 Good evening,everyone! I am your Da Bin teacher! The price of BTC has been quite stable in the past 24 hours, and investors have started to buy again. However, the main buyers are still BlackRock, with Grayscale as a supplement, and others can be ignored. Selling is still dominated by Fidelity and ARK, both with four digit sales. Despite BlackRock's nearly 4000 Bitcoin purchases, US investors still maintain a net inflow. If calculated by net flow, the past four working days have still been dominated by net inflows. Except for Tuesday, BlackRock has been buying, and the main force of buying has always been BlackRock. If excluding BlackRock's buying, there were almost all net outflows during the week, so now we can see that American investors also maintain a relatively divided view. According to the 1-hour cycle display, in the past 12 hours, the total selling amount of the main large orders reached 139 million, with a net outflow of 27.11 million, and a buy to sell ratio of 1: 1.24. The main players showed a willingness to short. Especially around the key point of 103.500, the main force has continuously sold over 12 million, indicating significant upward pressure. At the same time, the K-line pattern appeared as a black triad, coupled with the KDJ death cross, further strengthening the downward signal. Although the current price is still above EMA24/52, the trading volume is extremely shrinking and the rebound is weak. Based on the main trend, short-term support of $103000 may be tested. Enter the live broadcast room and accurately capture the flow of main funds, helping you to understand market intentions in advance! Compared to BTC, ETH's data is not very good, mainly because Fidelity has reduced its holdings by nearly 12.500 coins, while although BlackRock investors have bought, it is only 3.330 coins, which is too big a gap compared to Fidelity investors' reduction. Fidelity has also reduced its holdings in BTC, indicating that some investors feel that cryptocurrency has come this far. Judging from the user sentiment of American ETF, most investors still maintain a wait-and-see attitude. Although there is no large amount of buying, there is no obvious sign of selling. Compared with March and April, it is much better. In recent days, Trump has visited abroad without any problems. It seems that we can have a good weekend. Operation suggestion: BTC 102500 long first target to see 103500 second target to see 106000 ETH 2430 long first target to see 2500 second target to see 2580 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 105935015698 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
Odaily Planet Daily News: Bitcoin's dominance in the cryptocurrency market (BTC dominance) has recently declined, but analysts point out that this does not mean that a "copycat season" is coming. Zach Pandl, the head of Grayscale Research, stated that when the market focuses on macroeconomic instability and the risks faced by the US dollar, Bitcoin's dominant position may rise; When the market focuses on various applications of blockchain technology and innovation in the field of encryption, the dominant position of Bitcoin may decline. Zach Pandl added, "In the next 9 to 12 months, Bitcoin's dominant position is more likely to stabilize at around 60% to 70% of the overall market, rather than a significant decline. In the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% to 70% of the overall cryptocurrency market, rather than a significant decline. This judgment is not easy, as Bitcoin and altcoins each have different positive factors that may play a role. From a macro perspective, we hold a bullish attitude towards Bitcoin, while from the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that Bitcoin's dominant rate will begin to stabilize from now on. (Decrypt)
On May 17th, according to Decrypt, Zach Pandl, the head of Grayscale Research, stated that "when the market focuses on macroeconomic instability and risks facing the US dollar, Bitcoin's dominant position may rise; while when the market focuses on various applications of blockchain technology and innovation in the field of encryption, Bitcoin's dominant position may decline. Bitcoin benefits from being seen as a "non sovereign asset" similar to gold, while also absorbing most of the capital inflows in the cryptocurrency market through products such as ETFs approved last year. In the next 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall cryptocurrency market, rather than experiencing a significant decline. This judgment is not easy, as both Bitcoin and altcoins have different positive factors that may play a role. From a macro perspective, we hold a bullish attitude towards Bitcoin; From the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that the dominance rate of Bitcoin will stabilize from now on
