May 19 / Whale Daily
Total Crypto Market Cap: $2.65 trillion
Market Liquidation Situation: $308 million total liquidations in the last 24 hours, with long positions accounting for $205 million.
Spot ETF Net Inflow/Outflow: BTC spot ETF saw a net outflow of $200 million yesterday; ETH spot ETF continues to experience an outflow of $28.8 million.
BTC Inflow/Outflow: BTC had a net inflow of $285 million in spot trades and $200 million in contracts yesterday.
Key Levels
$78,500 - $79,000: A cluster of high-leverage short positions (breakouts could trigger a chain reaction of short liquidations)
$75,000 - $76,000: A dense area of long liquidations (breaking below may accelerate a pullback towards $76,000)
Market Highlights
Geopolitical: Trump has announced a halt to military strikes against Iran at the request of Middle Eastern leaders, stating that "serious negotiations are underway," easing tensions in the region; previously, risks in the Strait of Hormuz had driven up oil prices, but prices have significantly retreated following the announcement, leading to a short-term boost in optimism while geopolitical risk premiums remain.
Fed Dynamics: Trump will personally oversee the swearing-in of new Fed Chair Waller at the White House this Friday, breaking with tradition; Powell's term has ended, but he will continue as a governor until January 2028, highlighting Trump's control over Fed personnel, which may exacerbate short-term policy uncertainty.
Crypto Dynamics: In just the past two months, the Ondo project's multi-signature wallet has transferred over 328 million ONDO ($98.42 million) to exchanges like Coinbase; a new agreement between Hyperliquid and Coinbase along with Circle allows the protocol to capture most reserve income generated from stablecoin deposits on the platform. As income shifts from trading activity to stablecoin balances, the protocol could create significant long-term buying pressure for HYPE.
Trend Perspective
Trump's delay of the strike against Iran injects short-term optimism, but uncertainty in the Middle East lingers; oil prices may have temporarily retreated, but geopolitical risk premiums remain. Precious metals face dual pressure from the dollar and yields. $BTC needs to find support amid ETF outflows and macro fluctuations. Before breaking out or down, expect it to form a new consolidation range, roughly between $75,000 and $79,000. Before breaking below $74,900, consider trying to high sell and low buy.
Total Crypto Market Cap: $2.65 trillion
Market Liquidation Situation: $308 million total liquidations in the last 24 hours, with long positions accounting for $205 million.
Spot ETF Net Inflow/Outflow: BTC spot ETF saw a net outflow of $200 million yesterday; ETH spot ETF continues to experience an outflow of $28.8 million.
BTC Inflow/Outflow: BTC had a net inflow of $285 million in spot trades and $200 million in contracts yesterday.
Key Levels
$78,500 - $79,000: A cluster of high-leverage short positions (breakouts could trigger a chain reaction of short liquidations)
$75,000 - $76,000: A dense area of long liquidations (breaking below may accelerate a pullback towards $76,000)
Market Highlights
Geopolitical: Trump has announced a halt to military strikes against Iran at the request of Middle Eastern leaders, stating that "serious negotiations are underway," easing tensions in the region; previously, risks in the Strait of Hormuz had driven up oil prices, but prices have significantly retreated following the announcement, leading to a short-term boost in optimism while geopolitical risk premiums remain.
Fed Dynamics: Trump will personally oversee the swearing-in of new Fed Chair Waller at the White House this Friday, breaking with tradition; Powell's term has ended, but he will continue as a governor until January 2028, highlighting Trump's control over Fed personnel, which may exacerbate short-term policy uncertainty.
Crypto Dynamics: In just the past two months, the Ondo project's multi-signature wallet has transferred over 328 million ONDO ($98.42 million) to exchanges like Coinbase; a new agreement between Hyperliquid and Coinbase along with Circle allows the protocol to capture most reserve income generated from stablecoin deposits on the platform. As income shifts from trading activity to stablecoin balances, the protocol could create significant long-term buying pressure for HYPE.
Trend Perspective
Trump's delay of the strike against Iran injects short-term optimism, but uncertainty in the Middle East lingers; oil prices may have temporarily retreated, but geopolitical risk premiums remain. Precious metals face dual pressure from the dollar and yields. $BTC needs to find support amid ETF outflows and macro fluctuations. Before breaking out or down, expect it to form a new consolidation range, roughly between $75,000 and $79,000. Before breaking below $74,900, consider trying to high sell and low buy.