Today's macro data still has an impact on the cryptocurrency market. The inflation rate expectations and consumer index released by the University of Michigan are positive if the inflation rate is lower than expected. They are released at 10 pm, so there is no need to guess or wait. It is probably a small instantaneous fluctuation. After all, the dot plot is the real negative. If it happens to match your direction today, just go ahead. Yesterday's PPI has already shown that some data with less impact can basically go back as they go.
The Bitcoin ETF had a total net outflow of 226 million US dollars on June 13. Except for BlackRock's IBIT, which had an inflow of 18.2 million, all others had net outflows. The largest outflow was FBTC, which had an outflow of 100 million US dollars.
Arweave AO has launched AO token minting. Users can obtain AO by holding AR. Before the launch of the Pre-bridge on June 18, all AO tokens were minted by AR token holders. There are a total of 21 million tokens, which are halved every four years. 100% of the tokens are allocated to the community, and 36% are allocated to our AR token holders, whose holdings incentivize the security of the AO base layer. Secondly, 64% is used to incentivize economic growth by bridging assets to AO. With the good news, AR fell a lot. But it has gradually begun to level out.
Gary Gensler, chairman of the U.S. SEC, expects the Ethereum spot ETF S-1 to be approved sometime in the summer. This is too general. Summer has just begun, so we really can't bet on the ETF to be listed in the near future, and even if it is listed, it may have to be hammered first.
South Korean cryptocurrency trading platform Upbit will launch ONDO, supporting KRW, BTC and USDT trading pairs. As a result, ONDO’s short-term increase exceeded 15%. The big exchanges are basically finished, and the only thing left is to BAN. I don’t know when BAN will be launched.
The market price of TON exceeded 8 US dollars today, with a market value of 19 billion US dollars. It is about to surpass Dogecoin's 20 billion to become the 8th token in terms of market value. TON has been picked up again by people this year and has begun to accelerate the development of its own ecology. The huge number of users is its biggest gimmick. I wonder if it will become the darling of capital after the ecology develops in the future.
The CRV founder's position worth 100 million has been liquidated. There are still a small amount of bad debts, most of which have been repaid. CRV should be one of the few currencies that has hit a new low in the bull market this year. Perhaps it has no future.
Market Interpretation
The big cake continues to fluctuate and once again found support near 66,000. The support strength at this position is still quite strong. As long as it is not broken in the short term, the view of the oscillating trend will be maintained. However, the daily line does look like a big hat. Continue to pay attention to the MA120 moving average of 65,000 points. When the market falls, various negative factors and unexpected black swans will appear.
The second cake is slightly stronger, but not much better.
Most of the copycat stocks have returned to the level of October to December last year. Those who plan to hold them for a long time until the end of this year or next year should start to gradually lay out their plans. Those who are optimistic about them can gradually buy at low prices or place orders to try their luck.
Today's Bitcoin Fear Greed Index: 74 (Greed)
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