Financial Research Society - May 3, 2025
1. Bitcoin's market value has surpassed silver, becoming the seventh largest asset globally, with a current market value of $1.933 trillion.
2. The market value of IBIT holdings has reached $58,892,429,661.09, with holdings touching 607,685.49 BTC.
3. Today, 10 U.S. Bitcoin ETFs had a net inflow of 3,215 BTC, with BlackRock contributing 3,636 BTC. Currently, BlackRock holds 607,685 BTC, valued at $58.86 billion;
9 Ethereum ETFs had a net outflow of 358 ETH, with Grayscale's ETHE seeing an outflow of 4,070 ETH. Currently, Grayscale's ETHE holds 1,140,412 ETH, valued at $2.09 billion.
Bitcoin is in a continued high position on the four-hour chart, still in a top divergence pattern, with short-term stagnation.
Bitcoin's reference range for today:
Support levels: around 95,700, around 94,900, around 94,200
Resistance levels: around 97,000, around 97,500
Ethereum's reference range for today:
Support levels: around 1,813, around 1,770, around 1,735
Resistance levels: around 1,850, around 1,870
Bitcoin has a slight pullback, altcoins are weakening accordingly. Pay attention to the pullback strength of Bitcoin; a retest of the four-hour lifeline is a critical support level. If it holds here, we can continue to capture rebounds. $BTC $ETH #Market Analysis
