This week is the week for the release of important macro data and monetary policies. The most important is the CPI data on Wednesday, May 15. The current expectation is 3.4, and the previous value is 3.5. If the published value exceeds 3.5, the expectation of interest rate cuts will inevitably weaken, and risk assets will be uncomfortable. There will be PPI data tomorrow. The rise in PPI data is beneficial to risk assets. If it exceeds expectations, it is positive, but the impact should not be too great.

ETF data, the overall net inflow last week was 1,318. Now the linkage between ETF and US stocks is not particularly close, otherwise the inflow last week should be much better. It can only be said that the slowdown in inflow is not conducive to the upward movement of the big cake, and the others are gone.

SOLANA chain DEX's trading volume yesterday exceeded the total transaction volume of five chains including Ethereum, BSC, and ARB. Although they are all brushing the local dog, the transaction on the chain is the most basic data support for an on-chain ecosystem, so it is not the fault of the two cakes being weak, but only SOLANA's grasp of the dream of people in the currency circle who want to get rich overnight.

BB (Boucebit) will be online for trading at 18:00 tonight. The minimum living allowance should be about 80 per person, and it is estimated that there will be about 0.7 online. It is very conscientious. You only need to move your hands, and the money for a meal will come out. I ate this meal. As for the pledged BTCB, you have to wait until later to claim it. The BB that meets the conditions should have entered the wallet now.

Aevo will unlock about 827 million AEVO at 15:59 Beijing time on May 15, accounting for 752.36% of the circulation, worth about 1 billion US dollars; this token unlocking method has never been heard of or seen before, almost all of it is directly circulated. After unlocking, the circulation market value of AEVO is close to 1 billion at the current price. The project party has given up the rise in the price of the currency. I dare to ask who can take this volume.

Solana Ecosystem DePIN Protocol io.net announced the IO contract address of its token. Currently, the token has not been put on the chain, but the points can be checked. It seems that the investors have not made any money on this project. The previous hype of this project was still very strong, but choosing to go public at this point is probably doomed. However, we can pay more attention to its price in the future.

The market value of stablecoins is continuously decreasing, and funds are fleeing instead of flowing in, which has a lot to do with the recent downturn in the overall market.

Market Interpretation

Bitcoin has been sideways at 60,000 for two days, and suddenly it rebounded. It is indeed a bit unexpected, but the rising positive volume is not large, and it is almost unreturning. It feels like it is hitting the short side. No matter what it is, the key 60,000 mark has not been broken this time, so let's regard it as an effective support, perhaps it has something to do with CPI expectations. So it's best not to chase it. If it rebounds with shrinking volume, you still need to wait and see for a while. The upper edge of the current downward channel is 64,000. If there is no breakthrough, it will still be a trend of oscillating decline.

The two cakes continue to move together, and the exchange rate is still falling. Blame SOL.

The rise of Bitcoin is linked to the rebound of the cottage. This time, the cottage has a different scene. It seems that the old guys have become active, led by the old DEFI. Is it a last gasp or is Ethereum really going to blow the horn of counterattack?

Today's panic greed index: 57 (neutral)

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