Daily Report NO.053|May 8
1.
$BTC etf. On May 7, etf had a net outflow of 15.64 million US dollars.
2. Sentiment index, FGI, 64, market sentiment declined.
3. BTC has 56 large transfers on the chain, which is extremely bearish;
$ETH has 79 large transfers on the chain, which is extremely bearish.
4. The total TVL on the chain is 91.03B, down 1.42% in 24 hours
5. Current BTC market: 4H: Longs weakened for two consecutive cycles, bearish; 1H, shorts continued for 16 cycles.
Intraday direction: short.
Intraday pressure level: 62889, 63147
Intraday support level: 61750, 59406
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