Lei06

The brakes were applied just in time, not letting a life be lost 😱

Are you playing bumper cars?

ETF inflows strengthen bullish momentum, Dogecoin targets a 27% rise Dogecoin holds a key weekly support level while aiming for a potential 27% rebound. DOGE ETF inflows have continued for three consecutive weeks, easing broader selling pressure. The Bollinger Bands structure highlights a target level of $0.139, while bulls defend the $0.105 support level. Dogecoin remains strong.

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The crypto market has slightly rebounded, but funding rates indicate that BTC and ETH remain firmly in bearish territory, with market sentiment subdued. On May 17, according to HTX market data, Bitcoin is currently priced at $78,462.57, up 0.70% in 24 hours; Ethereum is at $2,194.54, up 1.00% in 24 hours. Despite the slight price recovery, current mainstream CEX funding rates show that both BTC and ETH are overall in bearish zones, with insufficient market willingness to go long. For BTC, platform funding rates are concentrated below 0.001%, well below the 0.005% bearish threshold; platforms like OKX are slightly higher but still in bearish territory, indicating a clear overall bearish signal for BTC. For ETH, most platform rates are also low, with ETH's bearish pattern basically consistent with BTC. Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. They represent the fund exchange mechanism between long and short traders; the trading platform does not collect these fees. They adjust the cost or profit of holding contracts to keep contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market. $BTC $ETH

Short-term Bitcoin holders are selling on rallies rather than continuing to hold. Bitcoin has recently tested the $82,000 level three times but has retreated each time. During each rebound, the STH-SOPR indicator rises to around 1.0 before weakening again, indicating that short-term holders are taking profits during the uptrend instead of holding on. The $82,000 level is not only a key technical resistance but also an important market behavior-based selling pressure zone, forming a strong resistance area.

Large-scale capital outflows from the fixed income market may be a medium-term positive for Bitcoin On May 17, Bitcoin recently fell below $79,000, after facing significant selling pressure near $82,000. Currently, BTC's movement is highly correlated with the US small-cap stock index, indicating it is still viewed by the market as a "risk asset" rather than a safe haven. The escalation of the situation in Iran, rising oil prices, and concerns about a global economic recession continue to suppress market risk appetite. Meanwhile, Bitcoin perpetual contract funding rates have recently turned negative, indicating a clear lack of leveraged long demand and a cautious attitude toward short-term gains. However, in the medium term, large-scale capital outflows from the fixed income market may actually benefit BTC. $BTC

Macroeconomic pressures drag Bitcoin below $79,000, but outflows from the fixed income market may provide medium-term benefits On May 17, after Bitcoin was rejected at $82,000 on Friday, it rapidly fell below $79,000, moving in close sync with the US small-cap index, indicating that macro factors are the main drivers of this decline. The Russell 2000 index, which covers small and medium-sized enterprises with higher capital costs and greater sensitivity to interest rate trends, shows a high correlation with Bitcoin, suggesting the market currently classifies Bitcoin as a risk asset rather than a safe haven. Bitcoin perpetual contract funding rates turned deeply negative on Thursday and remained near 0% on Friday, with long leverage demand continuously absent—this indicator has been below the neutral threshold of 6% for several weeks, and multiple attempts to break $82,000 have failed to boost market confidence. Macroeconomic pressures continue to accumulate: the US-China talks disappointed the market, with no concrete tariff agreements reached except a commitment to accelerate US agricultural exports over the next three years; meanwhile, the ongoing Iran conflict continues to weigh on market sentiment, with Brent crude oil prices jumping from $99 to $106 over the past week, further exacerbating inflationary pressures. Additionally, the inflation-adjusted Shiller PE ratio shows the S&P 500 is currently only about 5% below the peak of the internet bubble in January 2000, indicating a clear contraction in overall market risk appetite. However, the large-scale sell-off in the fixed income market may provide medium-term support for Bitcoin. Japan's 10-year government bond yield has risen to its highest level in over 20 years, and the Eurozone 10-year government bond yield has jumped to 3.18%, a 15-year high. Analysts believe that to counter recession risks, central banks may be forced to inject liquidity, and funds exiting fixed income may eventually seek other asset allocations, with Bitcoin expected to benefit from this.

Over $205 million worth of crypto tokens will be unlocked next week According to DefiLlama and CryptoRank, the major tokens unlocking next week include Pyth $PYTH, LayerZero $ZRO, and Canton $CC. $ZRO $CC

The short position has been open continuously. Entry at $2,265, stop loss at $2,325, target at $2,180. ETH current price $2,184.84, today UTC -0.58%. 24h high $2,197.58, 24h low $2,161.00. Target $2,180. Now only $4.84 away from the target. Then today's 10-hour long ratio: 75.47% → 75.35% → 75.35% → 74.95% → 74.95% → 74.91% → 74.91% → 74.79% → 74.79% → 74.58% (latest) From the series start at 76.15%, it has gradually ground down to 74.58% today. Every report says: slow grinding structure, not a crash, it’s gradually wearing down the longs bit by bit. Today it wore down nearly 1 percentage point again. But 74.58% is still extremely crowded—out of 10 open accounts, 7.46 are long. OI today: low at $5.007 billion, then rose to $5.063 billion at 11:00, started to decline in the afternoon, now $5.03 billion. After the peak, OI began to contract, which aligns with the direction and price. Funding rate: 0.0001, still neutral, the longs’ holding cost remains very low, they are not forced out by the funding rate. The whole series has ground from 76.15% to 74.58%, from $2,265 to $2,184— target $2,180, $4.84. This short position is nearing its end. Waiting for the last $4.84. $ETH