Bitcoin spot ETFs had a total net inflow of $257 million yesterday, continuing a net inflow for four consecutive days.
Personal opinion interpretation: With $200 to $300 million a day, can Bitcoin not take off?
DTCC completes pilot to accelerate fund tokenization with Chainlink and several major U.S. financial institutions
According to a report released on Thursday, the Depository Trust & Clearing Corporation (DTCC), the world's largest securities settlement system, completed a pilot project with blockchain oracle Chainlink (LINK) and several major U.S. financial institutions to help accelerate fund tokenization. The Smart NAV project aims to establish a standardized process to introduce and disseminate fund net asset value (NAV) data on almost any private or public blockchain using Chainlink's interoperability protocol CCIP. Market participants include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan Chase, MFS Investment Management, Mid-Atlantic Trust, State Street and U.S. Bank.
Personal opinion interpretation: LINK is a real value coin, and the key to whether it can lead is 17
Huaxia Fund Bitcoin and Ethereum ETFs have been included in the Hong Kong New Capital Investor Entry Program
Huaxia Fund (Hong Kong) officially announced that its products including Bitcoin ETF and Ethereum ETF have been included in the Hong Kong New Capital Investor Entry Program. In addition, Huaxia Fund (Hong Kong) also revealed that Huaxia Bitcoin ETF recorded a trading volume of more than 40 million Hong Kong dollars on May 16.
Personal opinion interpretation: Hong Kong's strength is too small
On May 17, according to CoinDesk, Coinbase said in a research report released on Wednesday that Ethereum (ETH) has lagged behind the cryptocurrency market this year, but its long-term positioning remains strong and has the potential to bring unexpected gains.
And said that Ethereum does not have an oversupply problem, such as token unlocking or miners selling pressure. Ethereum's position as a decentralized finance (DeFi) center is also unlikely to be replaced, and the market may underestimate the timing and possibility of the approval of the US spot Ethereum ETF.
Personal opinion interpretation: Yishi spot ETF must pass
On May 17, according to Spot On Chain monitoring, in the past 17 hours, a whale 0x803 withdrew 957 ETH from Gemini and 796.3 ETH (2.38 million USD) is exchanged for 2.64 million ONDO, with an average price of about 0.902 USD.
Personal opinion interpretation: Reasons for the surge in ONDO
Summary: Bitcoin has a strong trend. When it falls back, pay attention to Ethereum and strong altcoins. Bitcoin 56,600 is likely to be the bottom area of the third historical bottoming out. At present, the altcoin on April 14 is likely to be the historical bottom area. Bitcoin 56,500 is likely to be the bottom area; May 24th is the mid-term of the bull market for Bitcoin and Ethereum. Every plunge is an opportunity.
Short-term data on May 18
Bitcoin
Support level: 65,500 64,500
Pressure level: 68,500 72,000
Ethereum
Too timid 3220 3400 is the strong pressure level
Pressure level: 3200 3280
Support level: 3040 3000
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