Lei06
Lei06
Crypto Market Participants & Web3 Content Creators. Study on-chain data, track hot narratives, and make transactions that you can understand. I believe that good content requires patience just like good positions.
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【Overview of Important Overnight Events on May 17】
21:00-7:00 Keywords: BlackRock, SpaceX, Iran
1. Bill & Melinda Gates Foundation liquidates Microsoft shares;
2. Arkham monitoring shows BlackRock suspected of selling Bitcoin;
3. Pakistan's Interior Minister arrives in Tehran to promote Iran-US peace talks;
4. Fed power transition faces setbacks, Powell's temporary retention as chairman questioned internally;
5. BlackRock considers participating in SpaceX IPO, planning to invest $5 billion to $10 billion;
6. Italy's UniCredit Sanpaolo Bank increased cryptocurrency exposure to $231 million in Q1;
7. Iranian media: Europe has begun contacting the Revolutionary Guard regarding passage through the Strait of Hormuz.
Mixue Ice City launches the same drink as Jensen Huang; visits to stores see peach four seasons spring sales increase by over 90%
On May 16, recently, NVIDIA CEO Jensen Huang and his party appeared at the Mixue Ice City store in Beijing's Nanluoguxiang, ordered two cups of Peach Four Seasons Spring, paid by scanning a QR code by accompanying staff, gave a thumbs up after tasting the drink, and then took photos and interacted with tourists at the store entrance, attracting passersby to stop and watch.
【$368 million in total contract liquidations across the entire network in the past 24 hours, mainly long positions】
On May 16, CoinAnk data showed that in the past 24 hours, the total contract liquidations in the cryptocurrency market reached $368 million, with $345 million in long position liquidations and $23.2539 million in short position liquidations. The total liquidation amount for BTC was $123 million, and for ETH it was $94.7371 million.
If Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach 628 million
On May 16, according to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach 628 million.
Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach 914 million.
The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates a stronger reaction caused by liquidity waves when the price reaches that level.
Yi Lihua: The rebound is basically over, now is the "darkness before the dawn"
On May 16, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted that "this wave of rebound is basically over. I have repeatedly expressed that this round is a rebound rather than a reversal, with an upward liquidation strategy.
Several possible upcoming negative factors include: a normal correction of the US stock market at high levels, oil prices affecting inflation issues, leading to changes in interest rate cut expectations, with a key point being a significant rebound in US Treasury yields. The long-term outlook for crypto is positive; now is the darkness before the dawn. Every bear market cycle has countless pessimists and exits, but deep bear markets are often good opportunities for entry and patience.
I recommend allocating 50% of future returns to the AI sector, as this is an irreversible trend.