Binance reserve ratio exceeds 100%! No hope for interest rate cuts in July? BTC may drop back to 90,000! Quick overview of crypto news today
Crypto daily news | May 9
【Market Overview】
BTC: $97,045 (+0.1%)
ETH: $1,812 (-0.3%)
BNB: $602 (-0.1%)
SOL: $147 (+0.3%)
DOGE: $0.172 (-0.1%)
XRP: $2.13 (-1.3%)
📌 Key Trends: BTC slightly fluctuating, altcoins generally weak, market waiting for new direction.
【Macroeconomic Financial Dynamics】
The Federal Reserve maintains interest rates unchanged (4.25%-4.5%), in line with market expectations, but warns of “rising inflation and unemployment risks.”
Powell's statement:
No rush to cut interest rates, policy remains “moderately restrictive.”
Trump's pressure proves ineffective, the Federal Reserve maintains independence.
Tariffs push up inflation but have not yet affected decisions.
📌 Impact: No improvement in short-term liquidity, market still reliant on subsequent economic data.
【Capital Trends】
Tether issues 1 billion USDT (Tron network)
Purpose: Possibly to provide short-term liquidity support to the market.
Historical pattern: After USDT issuance, BTC often sees short-term rises.
Binance reserve ratio exceeds 100%
BTC reserve ratio 102.06% (Users 604,411 coins vs Binance 616,886 coins).
USDT reserve ratio 102.07% (Users 29.05 billion vs Binance 29.66 billion).
📌 Significance: Exchange has ample funds, no risk of a bank run in the short term.
【Hot Project Tracking】
DeFi Development announces 1-for-7 stock split (betting on SOL)
Goal: Increase liquidity, attract more investors.
Strategy: Continue to increase holdings in SOL, optimistic about the Solana ecosystem.
Whale shorts HYPE with 5x leverage, floating loss of $1.24 million
Operation: Invested 10.36 million USDC shorting in a week, current loss expands.
Risk Warning: High leverage shorts are easily subject to liquidation.
【Today's Focus】
✅ Can BTC hold above 97,000? (Breaking above 98,500 may start a new upward trend)
✅ When will ETH break 1,850? (Still under pressure in the short term)
✅ Will the performance of US tech stocks (NVIDIA, Apple, etc.) affect the crypto market?