Macro interpretation: The net inflow trend of US Bitcoin spot ETFs continues to strengthen market liquidity. As of May 28th, IBIT (a subsidiary of BlackRock) has had no fund outflows for 33 consecutive trading days, with a cumulative inflow of $4.09 billion and a managed size of $72 billion. Its fund inflow during the year ranks among the top five ETFs in the United States. The Ethereum ETF also continued its 8-day net inflow ($394 million). This phenomenon indicates that institutional invest...

Macro interpretation: The net inflow trend of US Bitcoin spot ETFs continues to strengthen market liquidity. As of May 28th, IBIT (a subsidiary of BlackRock) has had no fund outflows for 33 consecutive trading days, with a cumulative inflow of $4.09 billion and a managed size of $72 billion. Its fund inflow during the year ranks among the top five ETFs in the United States. The Ethereum ETF also continued its 8-day net inflow ($394 million). This phenomenon indicates that institutional invest...

Macro interpretation: The global financial market is experiencing an unprecedented wave of capital reallocation. Against the backdrop of $1.8 billion in capital outflows from the US stock market and the largest weekly net outflow of $2.9 billion in the gold market in nearly a decade, the Bitcoin market is experiencing a "double heaven" situation. The astonishing daily net inflow of $934 million into the spot Bitcoin ETF not only broke the record for the highest amount in four months, but also...

Macro interpretation: The global financial market is experiencing an unprecedented wave of capital reallocation. Against the backdrop of $1.8 billion in capital outflows from the US stock market and the largest weekly net outflow of $2.9 billion in the gold market in nearly a decade, the Bitcoin market is experiencing a "double heaven" situation. The astonishing daily net inflow of $934 million into the spot Bitcoin ETF not only broke the record for the highest amount in four months, but also...

Is the impact of Moody's possible downgrade of the US debt rating digested? Three major driving forces and potential variables for BTC to impact $110000 Macro interpretation: Recently, the cryptocurrency market has shown a complex and subtle pattern of changes. The flow of funds in traditional financial markets, structural adjustments in on chain data, and emotional differentiation in derivative markets have jointly constructed the underlying logic for a new round of price breakthroughs ...

Is the impact of Moody's possible downgrade of the US debt rating digested? Three major driving forces and potential variables for BTC to impact $110000 Macro interpretation: Recently, the cryptocurrency market has shown a complex and subtle pattern of changes. The flow of funds in traditional financial markets, structural adjustments in on chain data, and emotional differentiation in derivative markets have jointly constructed the underlying logic for a new round of price breakthroughs ...

Macro interpretation: The latest AI encryption industry sector launched by Grayscale Fund marks a further refinement of the classification system for encrypted assets. This sector covers 20 types of assets with a total market value of approximately $20 billion, accounting for only 0.67% of the total market value of the cryptocurrency market, making it the smallest segmented area currently. This data is in stark contrast to the $519 billion in the financial sector, highlighting that the AI fie...

Macro interpretation: The latest AI encryption industry sector launched by Grayscale Fund marks a further refinement of the classification system for encrypted assets. This sector covers 20 types of assets with a total market value of approximately $20 billion, accounting for only 0.67% of the total market value of the cryptocurrency market, making it the smallest segmented area currently. This data is in stark contrast to the $519 billion in the financial sector, highlighting that the AI fie...

Analysis of two abnormal data: 5000 addresses holding at least 1 BTC have sharply decreased, and Bitcoin search volume has hit a six-month low! Macro interpretation: As the price of Bitcoin continues to fluctuate above $100000, the market is experiencing some complex changes. The latest report from Deutsche Bank suggests that the Federal Reserve may maintain interest rates until December before initiating a rate cut cycle, creating a subtle resonance between this "long-term high-pressure" mon...

Analysis of two abnormal data: 5000 addresses holding at least 1 BTC have sharply decreased, and Bitcoin search volume has hit a six-month low! Macro interpretation: As the price of Bitcoin continues to fluctuate above $100000, the market is experiencing some complex changes. The latest report from Deutsche Bank suggests that the Federal Reserve may maintain interest rates until December before initiating a rate cut cycle, creating a subtle resonance between this "long-term high-pressure" mon...

catalogueThis week's large token unlocking data;Comprehensive overview of the cryptocurrency market, quick reading of the rise and fall of popular currencies/sector fund flows for the week;Bitcoin spot ETF dynamics;Interpretation of BTC clearing map data;This week's key macro events and key forecasts and interpretations of the cryptocurrency market.This week's large token unlocking data; Coinank data shows that tokens such as PYTH, ZKJ, and PIXEL will experience significant unl...

catalogueThis week's large token unlocking data;Comprehensive overview of the cryptocurrency market, quick reading of the rise and fall of popular currencies/sector fund flows for the week;Bitcoin spot ETF dynamics;Interpretation of BTC clearing map data;This week's key macro events and key forecasts and interpretations of the cryptocurrency market.This week's large token unlocking data; Coinank data shows that tokens such as PYTH, ZKJ, and PIXEL will experience significant unl...

Preview for this week (May 12- May 18), TRUMP's dinner qualification will be locked. If BTC drops, will the intensity of long position clearing reach 15 billion US dollars? Contents: This week's large-scale token unlocking data; 2. A comprehensive overview of the crypto market, quickly read the weekly ups and downs of popular currencies/sector capital flows; 3. Dynamics of Bitcoin Spot ETF 4. Interpretation of BTC Clearing Map Data 5. Key macro events and key market forecasts and In...

Preview for this week (May 12- May 18), TRUMP's dinner qualification will be locked. If BTC drops, will the intensity of long position clearing reach 15 billion US dollars? Contents: This week's large-scale token unlocking data; 2. A comprehensive overview of the crypto market, quickly read the weekly ups and downs of popular currencies/sector capital flows; 3. Dynamics of Bitcoin Spot ETF 4. Interpretation of BTC Clearing Map Data 5. Key macro events and key market forecasts and In...

US April tariff revenue hits record! BTC mining costs less than $37000? Macro interpretation: The current global financial market is experiencing unprecedented complex changes, with the phased achievements of the China US tariff agreement and the hedging effect of the US dollar trust crisis. This special macroeconomic tension has injected new momentum into the cryptocurrency market. It is worth noting that the latest data from the US Treasury Department shows that tariff revenue surged to $16...

US April tariff revenue hits record! BTC mining costs less than $37000? Macro interpretation: The current global financial market is experiencing unprecedented complex changes, with the phased achievements of the China US tariff agreement and the hedging effect of the US dollar trust crisis. This special macroeconomic tension has injected new momentum into the cryptocurrency market. It is worth noting that the latest data from the US Treasury Department shows that tariff revenue surged to $16...

Macro interpretation: Recently, the cryptocurrency market has shown a multiple game pattern, with the Federal Reserve's monetary policy shifting towards expectations, the global race for artificial intelligence infrastructure, and the deepening role of cryptocurrency assets in political lobbying, forming a complex network of interactions. We will analyze the transmission mechanism of these variables to the value center of Bitcoin by combining the latest on chain data, geo technological d...

Macro interpretation: Recently, the cryptocurrency market has shown a multiple game pattern, with the Federal Reserve's monetary policy shifting towards expectations, the global race for artificial intelligence infrastructure, and the deepening role of cryptocurrency assets in political lobbying, forming a complex network of interactions. We will analyze the transmission mechanism of these variables to the value center of Bitcoin by combining the latest on chain data, geo technological d...

Macro interpretation: In the macroeconomic dimension, the dual game of US fiscal policy has become a key variable affecting cryptocurrency assets. Ruixun Bank pointed out that the trend of US bond yields is facing a tug of war between "fiscal sustainability" and "global capital flows". With the breakthrough progress of the GENIUS stablecoin bill in the Senate, the phenomenon of 15 Democratic lawmakers defecting to support it implies the irreversibility of the legislative process. If the bill ...

Macro interpretation: In the macroeconomic dimension, the dual game of US fiscal policy has become a key variable affecting cryptocurrency assets. Ruixun Bank pointed out that the trend of US bond yields is facing a tug of war between "fiscal sustainability" and "global capital flows". With the breakthrough progress of the GENIUS stablecoin bill in the Senate, the phenomenon of 15 Democratic lawmakers defecting to support it implies the irreversibility of the legislative process. If the bill ...

Macro interpretation: Although there has been some progress in the US China trade negotiations, the latest report from Goldman Sachs points out that the downward trend of the US dollar/Asian currency exchange rate is difficult to reverse. This judgment is based on two underlying logics: the diversification of US assets has become an institutional consensus, and the continuous selling of US dollars to local currencies by Asian exporters has formed market inertia. It is worth noting that UBS Gr...

Macro interpretation: Although there has been some progress in the US China trade negotiations, the latest report from Goldman Sachs points out that the downward trend of the US dollar/Asian currency exchange rate is difficult to reverse. This judgment is based on two underlying logics: the diversification of US assets has become an institutional consensus, and the continuous selling of US dollars to local currencies by Asian exporters has formed market inertia. It is worth noting that UBS Gr...

Macro interpretation:The US Senate recently passed the GENIUS Act through a procedural vote with a cross party vote of 66:32, and will now enter the debate and amendment stage in the Senate. This event may become a watershed for the development of the cryptocurrency market. The bill establishes a federal regulatory framework for stablecoins for the first time, and market analysis places its importance above the approval of Bitcoin spot ETFs, believing that this marks a “marriage between Wall ...

Macro interpretation:The US Senate recently passed the GENIUS Act through a procedural vote with a cross party vote of 66:32, and will now enter the debate and amendment stage in the Senate. This event may become a watershed for the development of the cryptocurrency market. The bill establishes a federal regulatory framework for stablecoins for the first time, and market analysis places its importance above the approval of Bitcoin spot ETFs, believing that this marks a “marriage between Wall ...