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Next is a common trend in the market: the downward trend. Downward trend line: Connect the low and sub-low points and draw a downward trend line.Downstream trend channel line: Downstream trend channel line is formed by connecting the K-line solid high point to the lower high point and the lower low point.As shown in the picture: in a firm deal, buy short at a high point and sell at a low point.Buy more at lows and sell at highs.To do high throw low suction.It is important to note that when the market price breaks through the downward trend line or the downward trend line, there is often a strong fluctuation in the market.

Bitcion Sell-Side Risk Ratio Nears All-Time Low The Bitcoin sell-side risk ratio is near an all-time low, indicating that investors are reluctant to sell at the current price range, whether for profit or loss. The sell-side risk ratio quantifies the total amount of sell-side risk in the market and it assumes that all profits and losses realised in the chain are potential sources of sell-side pressure. Low values are associated with relatively low market volatility and are typical of market consolidation phases and sideways market trends.

Perhaps it will influence the direction of the larger market 1 / Smart whale who made ~$2.5M during #USDC decoupling goes long ETH on #Aave. Today, this whale: - Converted 7,169 stETH with 7,169 ETH. - Deposited 7,169 stETH into #Aave. - Borrowed $8.45M USDT. - Deposited 8.45M USDT into #Binance (possible ETH purchase). 2/ Whale deposited 28,755 stETH ($52M) to Aave and borrowed a total of 36M USDT. The health rate is 1.2. When the price of ETH drops by 20% (~1,511), it will be liquidated. 3/ During the USDC decoupling period, Smart Whale exchanged a total of 66.6M USDT for 69.2M USDC. USDC was then exchanged for USDT when USDC returned to the peg in April. The profit was about $2.5 million!

Review of last week's major macro events 1. A number of Fed officials spoke, releasing hawkish signals that once raised expectations for a rate hike. 2. But Powell Friday a hammer, hinting that interest rate hikes can be suspended, market expectations then fell back. 3. Debt ceiling crisis negotiations with a series of twists and turns. House President McCarthy and Biden said they would not default, but what was said to be a weekend agreement turned out to be a breakdown, leading to a breakthrough before the market opened on Monday to appease the market's hopes dashed and negotiations dragged into this week. The U.S. Biden and McCarthy will meet later Monday to continue negotiations. 4. Sunday's G7 communiqué said they would support Ukraine and called on China to urge Russia to immediately stop its military aggression, while noting that it would be in the global interest for China to play by international rules, and that the G7 is not seeking policies designed to hurt China or hinder its economic development, not seeking to "decoupling nor turning inwards ". In addition, U.S. President Joe Biden said over the weekend that the G7 should open a hotline with China now that relations with China are expected to improve "soon" after a dispute over alleged spy balloons derailed relations between the two countries earlier this year. The Chinese side expressed strong dissatisfaction with the communiqué, and the Chinese Embassy in Britain urged the G7 to abandon the Cold War mentality and stop interfering in the internal affairs of other countries. 5. On the stock front, Tesla held its shareholder meeting last week, where Musk hinted at two new vehicles and agreed to test advertising. Home Depot reports weakness across the board, Walmart reports continued consumer strength, Target reports moderate results, business restructuring is beginning to bear fruit. Netflix ad version surpasses 5 million monthly subscribers, shares soar. Meta announces AI chip. The Japanese government reached an agreement with Micron to provide financial assistance for the manufacture of next-generation memory chips.

5.23 Data Analysis 1. Spot volume fell back to May last year levels and volatility fell back to one-year lows. Cryptocurrencies are not significantly correlated with US stocks in the short term, suggesting that money from traditional money in cryptocurrencies is mainly going after Nasdaq. 2. will meme coin be able to build community and faith after profit taking leaves? 3. the characteristics of BRC mentioned in the last push the characteristics of liquidity will not be for some time without, waiting for new play/protocol innovation. 4. NFT: penguin play into the fundraising has the bottom is blue chip! Also see if Blur can support Milady's asset properties positive cycle! 5. LDO's ETH alpha has been digested almost, the follow-up to find LSD track Dragon 2 Dragon 3. 6. 6. Immediately June 1, look forward to the new opportunities after the release of the Hong Kong cryptocurrency exchange ordinary user deposit.

LTC's future road will be smoother A necklace of indicators shows that LTC, the 12th largest cryptocurrency by market valuation, is trading at a discount. Specifically, LTC has a negative fair value market value (MVRV) Z-score as of press time. According to analyst firm Glassnode, a score below zero indicates that the cryptocurrency is undervalued relative to its fair value. Capitalization is calculated by multiplying the total number of tokens in circulation by the prevailing market rate of LTC. Fair value is a change in market value that increases the market value of a coin when it was last moved on the blockchain. This value excludes all tokens lost in circulation (over 15%) and is considered to reflect the net or fair value of the network. The Z-score represents the difference between the market value and the fair value. Historically, a Z-score above 8 indicates overvaluation and bullish tops, while a negative value indicates undervaluation and market bottoms. This is not the first time. In the past, the indicator has repeatedly consolidated below zero, eventually paving the way for a massive rally. If the trend is flat, the path of least resistance seems to be on the higher side. That said, LTC and the cryptocurrency market in general remain vulnerable to adverse macroeconomic developments such as tightening liquidity and the state of the global economy. At press time, LTC was trading at $91.19, up nearly 31% year-over-year. Earlier this week, the price touched a one-month high of $95. LiteCoin is planning a third mining reward halving in early August, after which the per-block reward paid to miners will be reduced by 50 percent from 12.5 coins to 6.25.

MetaMask's improvements will be more liquid for ETH Yesterday MetaMask announced support for its pledge users to make ETH withdrawals directly on Lido, and with a recent update, users can now pledge and withdraw ETH directly from MetaMask's liquidity pledge provider Rocket Pool and Lido. As previously reported by BlockBeats, on May 16, Lido, the liquidity pledge protocol, went live with version V2 through an on-chain vote, introducing direct withdrawals and a new pledge module that allows pledgers to unpledge Ether directly through Lido, while pushing the Lido protocol further toward increased protocol decentralization.

Tether's reserve program will drive the trend of BTC Tether, the issuer of the stablecoin leader USDT, had announced in its reserve report last week that it held $1.5 billion in bitcoin, or about 2% of its reserves Just last night, Tether officially announced that it will be buying more bitcoin on a regular basis. Tether to Use 15% of Net Profit to Buy Bitcoin According to Tether's official tweet, the new reserve plan indicates that Tether will regularly use 15% of its net profits to purchase bitcoin, which is also part of Tether's reserve assets: Starting this month, Tether will periodically allocate up to 15% of its net realized revenue to bitcoin purchases. These bitcoins should be viewed as 100% backing Tether's minimum reserve assets. If we take Tether's first quarter net profits of $1.48 billion, that would cost the company about $220 million to purchase bitcoin. Tether to Self-Custody Bitcoin Tether's blog details the intent of the program, which aims to ensure a stable peg of USDT to the US dollar through a diversified reserve approach. At the same time, Tether has made it clear that it will not choose to have its bitcoin assets hosted by a third party: While third-party custody of bitcoin is a common method for many institutional investors, Tether believes in "not your keys, not your bitcoins" and therefore maintains its own private keys associated with bitcoin assets. Tether's Chief Technology Officer, Paolo Ardoino, also expressed his excitement about this decision to invest in Bitcoin and believes that it deepens the company's culture beyond the financial considerations: "We are not just investing in Bitcoin: Our investment in Bitcoin is not only a way to improve the performance of our portfolio, but it is also a way to align ourselves with a transformative technology that has the potential to reshape the way we do business and the way we live. Tether has cut 90% of its bank deposits in Q1 2023, shrinking from $5.3 billion to $481 million since the U.S. banking turmoil, and has instead increased its holdings of U.S. Treasuries, which as of Q1, Tether has over $53 billion in Treasuries. Tether is afraid of bank thunder! USDT Q1 reserves slashed 90% of bank deposits, U.S. debt broke 53 billion magnesium

BTC's fourth halving, trend shift will be next year Bitcoin halving leaves less than 50,000 blocks and the halving date will occur on April 22, 2024. According to this schedule, the event will occur over 342 days and is expected to fluctuate, depending on whether blocks close earlier or later than the specified 10-minute interval. The upcoming halving will be the fourth in Bitcoin history, cutting the block reward from 6.25 BTC to 3.125 BTC. There have been 33 halves in the protocol, the last of which will occur in 2140, when the block reward is zero.

Current ETH Pledge Yields Reach New Highs Current annualized return on ETH pledges is at an all-time high of 8.6%. Since the Shanghai upgrade, 3.4million ETH have been deposited into ETH2.0 contracts and 2.67million ETH have been withdrawn, for a net pledge of 734.92k ETH (worth $1.4bn). Previously, stETH APR was also pushed up to an all-time high of 8% due to a speculative boom.