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#BTC Market: Do you think the decline is over? Sorry, it's not the right time yet.
Today at noon, the crypto market saw a complete downturn among the four major players:
• BTC $76,919 (-1.39%)
• ETH $2,116 (-2.63%)
• SOL $84.9 (-1.27%)
• BNB $644 (-1.02%)
The whole market was a sea of red, as if hinting to brothers: don’t eat too much for lunch, you’ll drop again later.
Today's main drivers:
1. Verus-Ethereum cross-chain bridge was hacked, losing $11.6 million — another DeFi bridge that lifts you up only to send you down again
2. Solana official tweet: "Mumbai accelerates crypto in 10 days" — I seriously doubt they’re saying "We can hold on for 10 more days"
3. MRVL short-term open interest plummeted 6.47%, triggering a short squeeze — someone was shorting and got squeezed at the same time
4. Indonesian stock market fell 4.3%, Chinese consumer data under expectations — global macro is sending warm signals again
My simple judgment: the current market is like queuing in the cafeteria — you think it’s your turn, but 20 more people get added in front. ETH drops along with SOL and BNB, BTC can’t even hold the $77k psychological level. The only thing that might make you laugh today is that 626% annualized AIGENSYN arbitrage opportunity — but be careful, that’s a game for smart money, and if you get in, you might become the "dinner" for smart money.
Next focus: see if BTC $75,000 can hold, and whether ETH $2,030 — 2,030 support level will break. If the rebound has no volume, then this is just a "stuck in the mud but not wanting to rise" dead time.
Do you think now is a good time to buy the dip, or is the "not finished falling yet" rhythm still ongoing?
Risk warning: This article does not constitute investment advice. Do your own research, don’t mistake luck for strength. Manage your contract positions well, don’t let a single needle poke you to death.
#Gate广场五月交易分享 #美伊谈判前景堪忧 #加密市场下跌15万人爆仓