Written by Francisco Rodriguez (at all times ET unless it is indicated otherwise)
The cryptocurrency market has declined over the past 24 hours, led by declines in the main coins as retail investors have turned from large symbols to smaller and more included assets.
Both bitcoin BTC$102,185.11 And the ether Eth$2,554.78 About 2 % decreased and Coindsk 20 (CD20The wide market scale decreased 2.7 %.
“We have noticed a significant for a week in retail, which enhances the broader narration of increased optimism,” said Jake O, a trader outside the stock exchange in Witmanot. “The shift below the risk curve is the most obvious in retail screen flows.”
Founding investors, for their part, were more conservative. They still store bitcoin and ether and Xrp$2.47During the dilution of situations in Solana Teller$170.44 Which faced “sustainable pressure”.
Jake pointed to the fixed purchase of $ 200 in June and July: “Some see some performance weak as an opportunity to put Solana Topside.”
Other options activity indicates that merchants surround the volatility. The differences of contact on the ether were not binding and some merchants moved to the structures of people with collars – strategies often used to protect from price fluctuations – which indicates caution after the recent gains.
The increased hedging activity adds a note from caution to the retail swing of speculation. Economic uncertainty, persistent inflation pressures and the policy of all American tariff weighing appetite for encryption as well as traditional markets.
In fact, the global asset managers are currently among The biggest weight loss situation In the US dollar 19 years ago. Although President Donald Trump got a major Investment deal With Qatar and Temporary In the Arab Chinese tariff, these results may lead to more negative aspect: Spaniard Bank Bank said in a memo that the market showed fatigue during the last trading session.
“We still believe that the damage has happened: EPS and prices must feel pressure, with the high inflationary pressures that prevent the federal reserve from reducing the rates of what the market expects,” the bank analysts wrote. Market participants are now scheduled to focus on producers’ price inflation and retail sales data, as well as the speech of the Federal Reserve Chairman Jerome Powell later today.
For the encryption market, re -testing the highest level ever is not outside the image.
“Looking at the future, we believe that there is an additional room for the assembly assets, especially with the Insert Coinbase in S&P 500 on May 19,” said QCP Capital, based in Singapore. Stay on alert!
What do you see?
- Checks:
- May 16, 9:30 AM: Galaxy Digital Class A To start trading On Nasdaq under the Ticker Glxy icon.
- May 19: CME Group It is expected to launch It has a future XRP future.
- May 19: Coinbase Global (Coin) will Replace Discover Financial Services (DFS) in S&P 500, actually before the opening of the trading.
- Macro
- May 15, 8 am: The Brazilian Institute for Geography and Statistics launches retail sales data in a march.
- Retail sales Mom Est. 1 % against the previous. 0.5 %
- Yoy EST retail sales. -0.5 % against the previous. 1.5 %
- May 15, 8:30 am: The American Labor Statistics Office launches inflation data in producers.
- The basic ppi mom 0.3 % against the previous. -0.1 %
- Basic ppi yoy estt. 3.1 % against the previous. 3.3 %
- PPI mom EST. 0.2 % against the previous. -0.4 %
- PPI yoy est. 2.5 % against the previous. 2.7 %
- May 15, 8:30 am: The American Statistical Office launches retail sales data in April.
- Retail sales Mom Est. 0 % against the previous. 1.5 %
- Yoy Prev. 4.9 %
- May 15, 8:30 am: The US Department of Labor issues unemployment insurance for the week ending May 10.
- Initial unemployment allegations. 229k against the previous. 228k
- May 15, 8:40 AM: The President of the Federal Reserve Jerome H. Powell will deliver a letter (“” Work Frame “) in Washington. Livestream link.
- May 16, at 10 am: Consumer morale data at Michigan University may be (primary).
- Michigan feelings consumption EST. 53 against the previous. 52.2
- May 15, 8 am: The Brazilian Institute for Geography and Statistics launches retail sales data in a march.
- Profits (Estimates based on FactSet data)
Symbolic events
- Voices of governance and calls
- UNISWAP DAO vote on a suggestion Funding for incorporation UNISWAP V4 On Ethereum in OKU and add Unichain to OKU in an attempt to enhance the access of uniswap and deport liquidity to V4. The vote ends May 18.
- May 15, 11 am: The union games return to host the Q1 2025 Society update Ask me anything (AmA) session.
- May 15, 10 am: MoCA to host A. Discord Townhall Discussion session of the network updates.
- May 21, 6 pm: Theta Network is to host Ask me anything session In the live broadcast.
- to open
- May 15: Starknet (STRK) to open 4.09 % of its trading supplies of $ 23.53 million.
- May 15: SEI (SEI) to open 1.09 % of its trading supplies of $ 14.22 million.
- May 16: IMX to open 1.35 % of its circulating supplies of $ 17.8 million.
- May 16: Arb (ARB) to open 1.95 % of its trading supplies of $ 39.06 million.
- May 17: Avalanche (Avax) to unlock 0.4 % of its in circulation with a value of $ 42.84 million.
- Launching the distinctive symbol
- May 15: Rize (Rize) to include Kraken.
- May 16: Galxe (GAL), Litentry (Lit), Dalaarnia (DAR), Orion Protocol (Orn), and Persiq (Prq) to cross out From Coinbase.
Conferences
Coindsk is consensus in Toronto from 14 to 16 May. Use today’s code and save 15 % on passes.
Locate the location of the derivatives
- The future interest opens BTC and Ethretual the interest in addition to the withdrawal of night -time prices, but the financing rates are still positive. Traders may purchase the decline.
- Open interest in permanent futures XRP has decreased, indicating a long relaxation.
- The future contracts for the ether on CME increased from about 685 thousand to 955 thousand a week, reaching the top since March 11.
- On Deribit, ETH risk repercussions have turned in the negative front facade to show bias for nails, or protect the downside. BTC calls continue to trade strongly.
- The OTC Tech Platform noticed mixed flows, as OTM BTC put a spread and sold them, while the ETH OTM calls continued.
Market movements
- BTC decreased by 1.49 % from 4 pm East time on Wednesday at 101,906.02 dollars (24 hours: -1.52 %)
- ETH decreased by 2.54 % at 2,540.80 dollars (24 hours: -2.58 %)
- Coindesk 20 decreased 2.79 % in 3,204.04 (24 hours: -3.66 %)
- The Stokeing rate of the Ether Cesr 1 1 basis point has decreased at 3.11 %
- BTC financing is 0.0045 % (4.8968 % annual) on Binance
- DXY decreased by 0.29 % in 100.75
- Gold decreased by 0.59 % at 3,168.30 dollars/ounces
- Silver decreased by 0.85 % at $ 32/ounces
- Nikkei 225 closed -0.98 % in 37,755.51
- Hang Seng -0.79 % closed at 23,453.16
- FTSE increased by 0.14 % in 8,596.60
- Euro Stoxx 50 decreased by 0.54 % at 5,374.02
- Djia closed on Wednesday -0.21 % in 42,051.06
- S & P 500 closed +0.1 % in 5,892.58
- Nasdak closed +0.72 % in 19,146.81
- Closed S&P F/TSX Complex +0.3 % at 25,692.45
- S & P 40 America America closed +0.18 % at 2,645.42
- The ministry of the Ministry of Treasury in the United States decreased for 10 years by 411 by 4.51 %
- E-MINI S&P Futures decreased by 0.51 % at 5,878.25
- Mini-Mini Nasdaq-100 futures decreased by 0.72 % at 21,239.50
- The E-MINI Dow Jones Industry Mexhunal 0.32 % decreased to 41,982.00
Bitcoin statistics
- BTC dominance: 62.77 (+0.31 %)
- ETHEREUM ratio to Bitcoin: 0.02490 (-1.23 %)
- Hays (seven -day moving average): 861 EH/s
- Hashprice (spot): $ 54.63
- Total fees: 7.21 btc / 747,357.79 dollars
- CME FUTERES Open benefit: 149,720 BTC
- BTC at gold price: 31.9 ounces
- BTC market roof against Gold: 9.04 %
Technical analysis
- While BTC has declined from the highest level of 105,700 dollars to less than 102,000 dollars, the broader upright path remains intact.
- A break less than $ 100,000 will nullify the direction channel from April 9, which may lead to a deeper decline.
Encryption
- Strategy (MSTR): closed on Wednesday at $ 416.75 (-1.15 %), a decrease of 2.35 % to $ 406.95 on the market before the market
- Coinbase Global (COIN): Closed at $ 263.41 (+2.53 %), a decrease of 3.39 % to $ 254.48
- Galaxy Digital Holdings (GLXY): Closed at $ 31.96 (+8.74 %)
- Mara Holdings (MARA): Closed at $ 15.87 (-3.05 %), a decrease of 2.52 % to $ 15.47
- Riot platforms (RIOT): closed at $ 8.91 (-1.66 %), a decrease of 2.24 % to 8.71 dollars
- Core Scientific (Corz): Closed at $ 10.32 (+0.78 %), a decrease of 1.55 % to $ 10.16
- Cleanspark (CLSK): Closed at $ 9.61 (-3.9 %), a decrease of 2.29 % to $ 9.39
- Coinshares Valkyrie Bitcoin Miners Etf (WGMI): Closed at $ 16.95 (-1.45 %), a decrease of 1.71 % to 16.66 dollars
- Semler Scientific (SMLR): Closed at $ 32.54 (-11.34 %), a decrease of 1.72 % to $ 31.98
- Exodus (exit): closed at $ 34.88 (-17.03 %), without changing the market before the market
Etf flows
BTC Etfs Stain:
- Daily net flow: 319.5 million dollars
- Cutting net flow: 41.37 billion dollars
- Total BTC Holdings ~ 1.17 million
ETH ETFS spot
- Daily net flow: $ 63.5 million
- Cutting net flow: $ 2.55 billion
- Total Eth ~ 3.44 million
source: Farside investors
It flows overnight
Today’s scheme
- The graph shows a sharp rise in the number of future stakes for ETH Open on Chicago’s commercial exchange.
- The increase indicates the increasing institutional participation in the second largest encrypted currency.
While you sleep
- “The agency may be left without a party (Coindsk): If Brian Quintns is confirmed as CFTC president, it will replace a departure democracy, while two Republicans also plan to leave, which may reduce the five agency to commissioners only.
- The analyst says the Altcoin season can heat in June and drain part of the maximum Bitcoin 2T market. (CoINDESK): Bitcoin dominance decreased from 65 % to 62 % per week, indicating a shift towards Altcoins. Analyst Joao Weeson says dominance will decrease further.
- Trump tells us close to a nuclear deal with Iran (Reuters): The talks remain complicated due to sharp differences and the constant enrichment of uranium in Tehran.
- A group of 21 economies – including the United States and China – warns of slowing down on trade tensions (CNBC): It is expected that economic growth in Asia and the Pacific (APEC) will slow up to 2.6 % this year from 3.6 % in 2024, citing definitions and non -tendency as factories that undermine work confidence.
- Ark Invest bought $ 9.4 million on the appearance of the trading platform for the first time (COINDESK): Cathie Wood bought 140,000 ETOR arrows, as the stock jumped by 29 % of $ 52 open to the most powerful demand than expected.
- The British economy raced at the beginning of the year, but a slowdown on the horizon (The Wall Street Journal): Although the United States and the eurozone exceeded 0.7 % of growth in the first quarter, the high employer taxes and wage costs have led to work confidence, indicating the weakest performance later this year and 2026.
In the ether
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