Today's Outlook
1. The preliminary value of the US one-year inflation rate for May will be announced today, previous value 6.50%.
2. Solayer will unlock its second quarter tokens today, 100% for ecological incentives and growth.
3. Immutable (IMX) will unlock approximately 24.52 million tokens today, accounting for 1.35% of the current circulation, valued at about 17.9 million US dollars.
4. Arbitrum (ARB) will unlock approximately 92.65 million tokens today, accounting for 1.95% of the current circulation, valued at about 42.7 million US dollars.
5. The American fast-food chain Steak 'n Shake will start supporting Bitcoin payments in all stores across the US from today.

Macroeconomic Highlights
1. The US April PPI year-on-year rate fell to 2.4%, a new low since September last year.
According to Jinshi Data reports, the US April PPI year-on-year rate recorded at 2.4%, marking a decline for the third consecutive month, the lowest since September last year. The April PPI month-on-month rate recorded at -0.5%, the lowest since April 2020, far below the market expectation of 0.2%.

2. JPMorgan: The upward potential for Bitcoin in the second half of the year may exceed that of gold.
According to Foresight News, JPMorgan analysts stated that driven by corporate purchases and increased support from various US states, Bitcoin prices may continue to rise in the second half of this year, while gold prices may decline. Since peaking on April 22, gold prices have dropped nearly 8%, while Bitcoin has increased by 18% during the same period. Analysts also noted that this shift is evident in investor flows, with funds flowing out of gold exchange-traded funds (ETFs) over the past three weeks and into spot Bitcoin and cryptocurrency funds.
3. On May 15, Federal Reserve Chairman Powell stated that the Federal Reserve is adjusting its overall policy framework to respond to significant changes in inflation and interest rate outlook following the 2020 pandemic. Powell stated: "Since 2020, the economic environment has changed significantly, and our assessment will reflect our evaluation of these changes. The Federal Reserve adopted the current framework five years ago and began evaluating it this year. This evaluation is unlikely to affect how the Federal Reserve currently sets interest rates."
4. Data: SOL's realized market cap inflow growth rate reached 4% to 5%, market sentiment may be recovering (unfortunately missed the VIP order yesterday).
According to BlockBeats, on May 15, SOL's realized market cap inflow growth rate reached 4% to 5%, marking the first positive change after several weeks of outflows. Although it remains moderate compared to the frenzy period from late 2024 to early 2025, it generally indicates that traders are positioning themselves for a rebound or that market selling pressure is nearing an end. Realized market cap tracks the dollar value of tokens when they last moved on-chain, filtering out speculative price fluctuations to reflect real fund movements. Although SOL's current price has not significantly reacted, the positive shift in realized market cap indicates that buying power is accumulating, and market sentiment recovery may have already begun.

Market Trends
1. BTC is experiencing high-level fluctuations, with the market declining, and the liquidation amount in the past 12 hours reached 483 million, primarily from long positions. The new token Adventure Island NXCP shows outstanding performance, while the SocialFi issuance platform Believe platform token LAUNCHCOIN has seen a significant retracement, leading the decline within the platform.
2. The S&P 500 index has risen for four consecutive days, while the Nasdaq has ended its six-day rise, with Alibaba dropping over 7%; US Treasury yields have rebounded; gold has had a significant rebound.
3. In Bitget's liquidation map, based on the current 103688 USDT, if it drops by a thousand points to around 102688, the total liquidation amount for long positions will exceed 66 million US dollars. If it rises by a thousand points to around 104688, the total liquidation amount for short positions will exceed 354 million US dollars. The short liquidation amount far exceeds that of the long positions, it is advised to reasonably control leverage ratios to avoid triggering large-scale liquidations during market fluctuations.
4. In the last 24 hours, BTC spot inflow was 2 billion US dollars, outflow was 2.2 billion US dollars, net outflow was 200 million US dollars.
5. In the past 24 hours, net outflows in contract trading of ETH, BTC, XRP, SOL, DOGE, etc. have led, indicating possible trading opportunities.