Analysis of information gap market on May 7:
Market market:
On-chain data shows that the power of the tray and the selling continues to decrease, the market moves lightly, the long and short forces are balanced, and the consolidation continues.
The contract is open and remains in the form of bottoming out and stabilizing, and the funding rate shows signs of continued strength.
Summary: The market remains optimistic and is expected to fluctuate and rise.
Market hot spots:
1. The AI sector began to show signs of rising the day before yesterday. During yesterday, the AI sector generally rose, including arkm, wld, nfp, etc. The next narrative of AI will be very good and is expected to continue to rise.
2. ENA, which is considered stable, rose sharply. I blindly guess that the three companies building one are the main investors of ENA and will introduce usde trading pairs.
3. ETFs are recovering, and Grayscale's gbtc is also inflowing funds, and the market has warmed up.
4. Israel promotes the ground offensive in Rafah, saying that the proposal accepted by Hamas is far from enough.
5. Cel's bankrupt reorganization of the crypto lending sector, the project destroyed 94% of the total amount of about 650 million coins, which stimulated the surge.
Summary: Market heat is the primary factor in choosing cryptocurrencies. At present, the market heat is in the AI sector and various memes. The so-called value coins have not seen a good increase. Another point is that the end of AI is storage (ar) and energy (powr)
#BTC
