5.9 Market Trends

1. BTC enters the weekend with little volatility, and market sentiment is everyone lamenting that it's not as good as trading US stocks, waiting for US stock funds to flow out;

2. ETH large holders keep selling off, struggling to establish independence, only after a bull run will they lead the market;

3. CryptoQuant: In the context of a "bear market rebound," profit-taking pressure on Bitcoin may further increase;

4. BlackRock plans to launch two tokenized money market funds aimed at stablecoin holders;

5. Hasset: expects rate cuts to be seen this year;
So, the expectation of rate cuts is back? Sorry, crypto is immune;

6. SEC Chair Atkins: will develop a regulatory framework for on-chain markets and calls on Congress to pass the CLARITY Act;

7. MegaETH Foundation completes its first MEGA buyback, using net proceeds from issuers as of the end of April in USDm;

8. Glassnode: BTC options volatility has significantly rebounded, with short-term put hedge demand weakening;