【0516 Market Analysis and Suggestions】1/2
Bingbing is a standout. You can enter the market when it falls back. Don't miss the possible new historical moment.
The cottage season still needs more time to wait.
1. Fundamentals
1. On Wednesday (May 15), the US Labor Bureau made a "super mistake" and accidentally released the April CPI data 30 minutes in advance. But it seems that not many people discovered the "mistake", and the market did not fluctuate violently in advance. The US released the April CPI data, showing that US inflation has shown a cooling trend again. Affected by this, US stocks opened high and went high, and the three major indexes closed at record highs. $BTC also stood out, breaking through the near high of 65500.
2. The Financial Times reported that the world's largest futures exchange CME (CME) plans to launch Bitcoin spot trading. Although the plan has not yet been finalized, it will mark the further advancement of major Wall Street institutions in the field of digital assets. If it can be finalized, it may become another historical event since the spot ETF was approved, and it will also be a catalyst for a new round of rising market.
3. Many institutions disclosed their holdings of Bingbing spot ETFs in the 13F quarterly reports submitted to the US SEC, and global institutions have entered the market one after another. Among them:
Millennium Management, the world's largest hedge fund under management (holding value of US$2 billion), asset management company Susquehanna (holding value of US$1.3 billion), hedge fund Bracebridge Capital (holding value of US$343 million), US fund Pine Ridge Advisers (holding value of US$205 million);
Other holding institutions include:
Bank of Montreal, one of the five largest financial institutions in Canada with nearly US$1 trillion in assets, JPMorgan Chase, the largest bank in the United States, Wells Fargo, the third largest bank in the United States, asset management company Hightower, Swiss largest bank UBS, Europe's second largest bank BNP Paribas, etc.
2. Spot ETF trading
On May 15 (Wednesday), there was a net inflow of US$303 million, and there will be about 4,922 purchases after 21:30 on Thursday. There are 9 companies with net inflow, including Grayscale, and only 1 company, BlackRock, shows 0 (no capital flow or small amount).
