Big cake, just shake it up, wait until everyone gets off the car and see who will play with you
1. $BTC has fallen all night but has not broken the downward trend line, and the market is fluctuating in a wide range. At present, the short-term 1-hour K line shows that it has stabilized, the 4-hour and 12-hour K line indicators show a downward trend, and the daily level indicators show that it is still in the upward channel. If the next few 4-hour K lines fall below 61,600, then this wave of rebound will be confirmed to be over and enter a downward trend again.
2. As of 4 a.m. when the U.S. stock market closed, the U.S. stock Bitcoin ETF had a net inflow of funds on May 7: US$22.31 million, of which the largest net inflow was Grayscale's GBTC of US$12.49 million, followed by BlackRock's IBIT of US$9.18 million
3. FTX creditors will receive 142%-118% compensation. According to the company's statement, once the sale of all assets is completed, the company will have up to US$16.3 billion in cash available for distribution. It owes about US$11 billion to customers and other non-government creditors. As FTX moves into the final stages of its bankruptcy case, payments may still take several months.
