5.22 BTC Dominates

1. BTC slightly reached a new high this morning, during a time when both the Asian and American markets are at rest.

2. BTC is the only major global investment product that has reached a new high recently; gold, the three major US stock indices, Coinbase, and MicroStrategy have not reached new highs.

3. BTC remains strong; this wave of increase has not even broken the previous low on an hourly basis, but ETH has not followed with a breakout. Altcoins are looking to ETH for direction, and market sentiment will be fully ignited once ETH breaks out.

4. Although BTC has reached a new high, the funding rate is very low, and contracts are still at a negative premium, indicating that BTC is rising without any pullbacks. This has left many either waiting for a pullback and missing out or continuously trying to short. From this perspective, the bullish market remains very secure.