美联储缩表

BTC maintained a week of horizontal fluctuations last week, with the fluctuation range maintained above 67,000 and below 70,000 for the whole week, and finally settled at around 68,000. The range of BTC price movement last week coincided with the resistance range of options for May delivery (the information given by the distribution of options positions last week is that the price has a probability of fluctuating between 65,000 and 70,000), and the option sellers won in May.

June is a critical month for bulls. First of all, from the chart and BTC ETF data, we should know that the bull trend is about consistency. Since the price can reach above 70,000 and BTC ETF has maintained net inflows for two weeks, it shows that there is a basis for forming a bull trend at the daily level and above. Although the net inflow amount of BTC ETF showed signs of slowing down last week, it is certain that the spot supply caused by BTC ETF does not exist now.