1. Maybe there is spot supply at high levels, and it is being distributed by taking advantage of the short liquidity here. After all, those who have short orders will panic as soon as they see the price approaching this liquidation area, and thus choose to close their shorts... Futures buying orders take over spot selling orders, and prices remain volatile, which is very reasonable. —— Crypto_Painter @CryptoPainter_X
2. Speculation: ETH pledge ETF is about to be approved, and insiders are rushing to build positions. Reasons: 1. BlackRock's ETH holdings have continued to increase and CME's end-of-month expiration holdings have reached a record high; 2. The SEC issued a statement in May stating that three types of equity pledge activities in the PoS network do not constitute securities; 3. Institutions applying for SOL spot ETFs will resubmit their S-1 documents within the week. ——Joy Lou@Joylou1209
3. BTC is expected to rebound here, hit a new high briefly, and move out of the fifth wave, sucking in all the breakout traders, and then start a deeper correction, returning to the $10,000 range. —— Bluntz @Bluntz_Capital
4. If the market continues to pull back today, I will focus on the range of (about 106500-108500). If the trend of Bitcoin is really strong enough, it should stabilize at the current position. If it loses this range, I don’t have any special points I want to take for the time being. —— Crypto Chase @Crypto_Chase
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