🧭 MARKET OVERVIEW ON 19/05/2025

Data Factor Assessment

TOTAL Marketcap 3.22T (↓ -2.7%) Slight correction, still holding main support at 3.15T

BTC.D (BTCDOM) 50.87% (↑ 0.78%) Money flows back to BTC, altcoins drop more sharply

DXY (USD Index) 99.86 (↓ -0.67%) USD weakens → good for risk assets

Gold (GOLD) 3,227 USD/oz (↑ 0.74%) Gold & BTC rise together, increased safe-haven sentiment On-chain & Funding Rate – Coinglass & CryptoQuant

Value Index Assessment

CVD Futures / Spot Sharply Decreased Profit-taking pressure from leverage orders

Funding Rate 0.0084 – 0.01% Neutral, not heavily leaning Long or Short

OI Futures 80.3K BTC – stable Not overly increasing despite price pump

Whale Ratio (CryptoQuant) 0.33 (low) Whales not selling on exchanges, accumulating

Liquidation Map Resistance around ~107K – 110K Many shorts getting liquidated, price attracted to this zone

*** Reasons for strong BTC fluctuations at both ends.

a. Short liquidation Heatmap shows large amount of shorts getting liquidated at 106K – 107K. When surpassing 104,500, shorts were triggered en masse.

b. Volume & CVD Futures spike Long orders entered heavily → creating rapid pump momentum. However, Spot CVD did not increase accordingly → a warning sign of lack of sustainability.

c. Slight increase in funding rate Funding not too negative/positive – indicating unclear winning side. But the upward trend is mainly due to leverage.

d. BTC market sentiment remains in a medium-term uptrend so any strong “shake” can easily trigger panic reactions from both sides.