On May 21, the cryptocurrency market showed a mix of bullish and bearish trends.
The exchange reserves of ETH reached a new low of 4.9%, indicating a strong reluctance among holders to sell.
It is noteworthy that the latest statements from the chairman of the U.S. SEC released positive signals, clearly indicating that they will advance the development of a cryptocurrency regulatory framework, and this policy shift may inject new momentum into the market.
The funding landscape shows structural characteristics: Bitcoin spot ETFs recorded a net inflow of $667 million for the fourth consecutive day, while Ethereum spot ETFs also saw a net inflow of $13.66 million.
The derivatives market remains active, with a total network trading volume of $30.758 billion in the last 24 hours, contract open interest at $14.467 billion, and liquidation amounts of $230 million indicating increased market volatility.
In terms of hot events, Sun Yuchen announced that he would attend a dinner with Trump as the largest holder of TRUMP, which may trigger fluctuations in related meme coins.
At the same time, Binance's Alpha platform is about to launch TGT and will conduct an airdrop event, with details to be announced today, which is worth a close watch for Alpha point users.
