‼️May 31st Encryption Major Event ‼️

1️⃣LOUD whitelist check tool has been launched.

2️⃣ New York City Comptroller vetoes Bitcoin municipal bond plan

3️⃣Cetus plans to complete full recovery and restart in about a week.

4️⃣James Wynn's $3.25 million collected for opening positions yesterday has only $800,000 left.

5️⃣WLFI: USD1 will be the only designated stablecoin for the Sahara Labs sale event.

6️⃣Meta shareholders have voted to reject the proposal to include Bitcoin in reserves.

7️⃣ETH broke below 2500

8️⃣REX Shares submitted Solana and Ethereum staking ETF prospectus, expected to be listed in the US within a few weeks.

9️⃣Orange Cap Games announced that it has acquired Moonbirds, Mythics, and Oddities from Yuga Labs.

🔟 Bitcoin ETF saw a net outflow of $614.02 million yesterday, the largest single-day outflow since February 26. Ethereum spot ETF recorded a net inflow of $70.2402 million yesterday, marking 10 consecutive days of net inflows.

1️⃣In the past 24 hours, the entire network saw liquidations of 670 million dollars.
2️⃣Total contract positions across the network: 1426.5 billion USD
3️⃣ Total network transactions in the last 24 hours: 281.1 billion USD

‼️Treasure life, stay away from contract heavy‼️

Market Analysis📈📉

#BTC Yesterday, the Bitcoin spot ETF in the US stock market experienced a significant outflow of funds, which exerted some pressure on market sentiment. In the current market environment, we will not extend the discussion too much, only providing one core viewpoint:

At this stage, it is advisable to consider lightly opening a tentative position or making a small additional purchase, provided that the key support level is not effectively breached.

Technically, $101,750 is the important support boundary for this round of pullback. If the price does not fall below this level in the future, then the current area has certain stage bottom-fishing value, and the market can still expect to stabilize and rebound.
Once it effectively breaks below $101,750, it is recommended to decisively cut losses and exit the market, waiting for new structural opportunities to re-enter, in order to avoid deep downward risks.

The above analysis is for reference only! Everyone can also make corresponding arrangements for mainstream coins, sub-mainstream coins, and altcoins based on the correlation effect of Bitcoin!