In terms of macroeconomics, the number of people receiving unemployment benefits for the week was announced yesterday, and the data exceeded expectations, which is good for risky assets. If the CPI data next week can add fuel to the fire, there may be a market in May, but according to the current trend of the US stock market, it may not be able to top it, so it should be difficult for the big cake to set a new high in May.

ETF data performed mediocrely, with a net outflow of 11 million US dollars and 180 coins on May 9. The main outflow still came from Grayscale. It can be clearly seen that the inflow of ETFs has slowed down. According to people familiar with the matter, Microsoft-backed artificial intelligence company OpenAI plans to officially launch its ChatGPT search product next Monday to compete head-on with search giant Google.

Sources said that the release time may change, but OpenAI intends to release a blockbuster product the day before Google's annual I/O conference. Remember the SORA released at that time? The AI ​​sector rose wildly, so the abnormal movement of the AI ​​sector this time should be related to the release of new products. It can only be said that artificial intelligence + web3 will always be the main line of this bull market.

On May 9, according to official news, Binance launched the 54th project of new coin mining, using BNB and FDUSD to mine Notcoin (NOT). Users can put BNB and FDUSD into the mining pool on the Launchpool website after 08:00 (Eastern Time Zone 8) on May 13 to get NOT rewards. NOT can be mined for a total of 3 days. The website is expected to be updated within about 24 hours of this announcement before the mining activity is opened. Binance will list Notcoin (NOT) at 20:00 (Eastern Time Zone 8) on May 16. It is worth mentioning that this project is a fully circulated token project, and it is issued on both B AN and OK at the same time. It is a bit unconventional, the name is also interesting, and it is backed by TG. Will it be an interesting project?

Market Interpretation

The big cake has fallen for 3 consecutive days and finally rebounded. It has something to do with the macro impact, but I think more reasons come from the market itself. It should rebound. It fell for 3 days, but it was actually wrapped up in 1 day. The rebound strength is still very good. But the downward channel given yesterday has not been broken. The overall market should still be volatile. The bottom that does not rebound is the real bottom. If the 60,000 position does not continue to fall, it will reverse sooner or later, but it should not be in May.

The second cake is too weak, so I won’t mention it

Today, the altcoins are quite active, with a general rise. The overall strength is still in AI, MEME, and SOL ecosystems. The wave of monster coins has ended. Is the altcoin going to start performing on the weekend?

Today's panic greed index: 66 (greed)

I am May. If you are confused and can't understand the market, click on the avatar introduction to find May and operate together #memecoin⁠⁠⁠⁠ #AI爆发 $SOL $TRB