In the past 24 hours, the global market has surged like it's been energized: the three major US indices have all risen sharply, gold has dipped slightly, and crude oil has edged up; the crypto market is also restless - BTC and ETH have slightly risen, while BNB has taken a little nap. Is it institutions bottom-fishing or retail investors being tricked again? Let me recount the ins and outs.
🔻📈【Three Major Coins Dancing Lightly / Taking a Break】
BTC has steadily climbed from an estimated $106,393 to $107,169, an increase of about 0.73%, shedding yesterday's smoke, like a 'reborn' veteran.
ETH jumped from $2,387 to $2,423, an increase of 1.48%, as the spring breeze of smart contracts continues to warm up, supported by the heat of DeFi and Layer-2.
BNB slipped slightly from $649 to $645.6, a decline of 0.52%. Even platform tokens have their moments of rest — perhaps waiting for new dynamics to unfold.
Pony's Commentary: The steady rise of BTC comes from the unchanged story of 'digital gold'; ETH is stronger than BTC, with more funds betting on ecological upgrades; the slight drop in BNB indicates that platform tokens need new positive factors to boost their price.
🌎📊【Macro Trends: US Stocks Leading, Gold and Oil Diverging】
The Dow Jones rose by 0.94% to 43,510; the S&P increased by 0.80% to 6,155; and the Nasdaq rose by 0.94% to 22,505. Technology stocks and chip stocks reported good news, and market sentiment is optimistic.
Gold fell by 0.75% to $3,303/ounce, as safe-haven demand was absorbed by the stock market;
WTI crude oil rose by 0.65% to $65.67/barrel, and Brent increased by 0.64% to $68.16/barrel, influenced by OPEC+ production cut expectations and summer travel demand.
Pony's Commentary: The atmosphere for going long in US stocks is strong, pulling gold down; oil prices are climbing moderately, more like 'calmly protecting' rather than celebrating.
📰⚖【Political Touchpoints: Fed's Dovish Tone Weakens, Prelude to G20 Meeting】
Latest statements from Federal Reserve officials: although still vigilant about inflation, dovish voices are increasing, and market expectations suggest that the interest rate hike window may be nearing its end this year.
The G20 finance ministers' meeting will be held next week in India, and a preliminary consensus on the regulatory framework for digital assets may emerge, with institutions continuing to bet on compliance tracks.
Pony's Commentary: Expectations of an end to interest rate hikes support risk appetite, making the crypto market breathe a little easier; if the G20 really wants to loosen regulations on digital assets, it may add fuel to the fire.
🦈🐣【Whales and Retail Investors: Under Currents】
On-chain data shows that large holders are quietly accumulating BTC in the $106.5k - $107k range;
The inflow of ETH into cold wallets has surged, mostly from new funds of institutional custodians;
The largest liquidation on HTX occurred in ETH shorts, amounting to about $13M, as US stocks rebounded immediately.
Pony's Commentary: While you're still lamenting 'everything has risen' on X, whales have already pressed the buy button in the shadows; retail investors can't catch the rhythm and can only watch and sigh.
🔥🚀【New Stars in Turbulent Times: DeFi, Options, and Stablecoins】
Options expiration: This week, BTC/ETH $100B level contracts are expiring, with implied volatility fluctuating and price divergence possibly intensifying in the short term;
DeFi Protocol: The newly launched cross-chain lending project 'BridgeMax' has surpassed $40M in locked positions in 24 hours, with bottom-fishing still ongoing;
Stablecoins: USDT/USDC daily trading volume exceeds $280B, serving as an 'arsenal' for hedging and on-chain arbitrage.
Pony's Commentary: Options expiration is like a 'bomb', DeFi projects are 'fireworks', and stablecoins are the 'ammunition' on the field. To explode, one must first stock up on bullets.
