When the interest rate will be cut at the macro level is very important for the market trend, especially the crypto market, so everyone has paid much attention to it recently. At present, it is basically impossible to cut interest rates before September. The next two months will depend on the macro data of June, July and August. If the performance is ideal, there is a high probability of a rate cut in September. Everything depends on the data.

Bitcoin ETF situation, on May 16, BlackRock IBIT had a net inflow of US$94 million; Grayscale GBTC had a net inflow of US$5 million; Bitwise BITB had a net inflow of US$1.4 million; Franklin EZBC had a net inflow of US$4 million.

​ Bitcoin has come out at the 4-hour level. As I said yesterday, it will continue to sprint upward in a volatile adjustment manner. After May and into June, the market is expected to recover comprehensively.

Last night, meme rose rapidly after a short-term adjustment. $people has basically reversed V, and the market is expected to continue to rise in the future. Once the meme market starts, it will not end easily. At present, it is still in the early stage of large-scale startup.