May 2nd $BTC Comprehensive Market Analysis

⭕News:
No major macroeconomic negative news or regulatory sudden events, the overall market tone is mainly stable rebound. Derivatives and spot prices are moving higher together, but no extreme FOMO appears, indicating healthy correction.

⭕Funding:
Yesterday, the total net inflow of US Bitcoin spot ETFs was about $345 million, mainly led by @BlackRock IBIT, @Fidelity FBTC, and others. This continues the strong inflow trend since April, showing institutional funds are still steadily increasing their positions.

Perpetual contract funding rates have turned slightly negative (most exchanges around -0.001% to -0.007%/8 hours, annualized about -3% to -7%), indicating shorts are paying longs, and leverage sentiment is cautious.

Total open interest (OI) remains stable around $19 billion, with little weekly change, suggesting speculative funds have not entered significantly.

ETFs remain the main support, while derivatives show weaker short-term leverage betting, reducing the risk of sharp rises or falls.

Technical:
Yesterday’s single strong bullish candle, with volume increasing simultaneously, indicates short-term bullish momentum is dominant, but it remains to be seen if it can hold above $79k for an effective breakout.

Currently, the weekend will likely continue the rebound from yesterday’s rally, but on the daily chart, if it fails to break above $79k continuously, there is a risk of divergence.

In summary, focus on the 1-hour and 15-minute pullbacks today; the weekly chart’s rebound is not over yet, so downside space 📉 is limited, with support at $77,500-$75,300, and resistance at $79,000-$80,500.
#比特币ETF期权持仓限额增4倍