Matrixport: Market Generally Expects Bitcoin to Break All-Time High, Prices Likely to Extend Bull Run into Summer
On May 16th, Matrixport released its weekly report indicating that Bitcoin has rebounded to the upper limit of the consolidation range ($106,000). Driven by multiple bullish factors, the market generally anticipates its breakthrough of the all-time high. With the gradual mitigation of downside risks at this stage, the upward trajectory of Bitcoin's price has become increasingly evident. Recently, Trump's shift in focus towards fundraising and trading partnerships has further boosted market optimism in both the stock market and Bitcoin. If the tax reduction policy of the Trump era persists and is coupled with potential regulatory relaxation measures, it may further boost market expectations for economic growth, driving a reevaluation of growth prospects and bond yield readjustment.
In the current situation, risk assets, especially Bitcoin, are expected to enter a favorable trading period before July. This period coincides with the end of the 90-day tariff truce agreement, the commencem
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Greeks.live: Option Data Shows Market Sentiment is Optimistic, but Short-Term Still Leans Cautious
On May 16th, the Greek.live analyst Adam posted on social media, stating, "On May 16th, the Options Expiry Data: 27,000 BTC options are set to expire, with a Put Call Ratio of 1.03. The maximum pain is at $100,000, and the notional value is $2.76 billion. 220,000 ETH options are expiring, having a Put Call Ratio of 1.36. The maximum pain is at $2300, and the notional value is $570 million."
This week's Bitcoin expiry data is nearly identical to that of last week. Regarding Ethereum, it is similar except for price-related factors. Currently, the market sentiment is extremely positive. However, the options data indicates that there are still relatively few mainstream coin holders, and the number of profit takers is limited. Currently, Bitcoin's short- to medium-term RV has dropped below 35%, and the medium- to long-term RV is around 50%. But the decline in IV is more pronounced, with almost all falling below 45%. Therefore, the VRP for each term has instead decreased.
The expiry volume
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WLFI has currently spent $347 million to acquire 12 tokens, with an overall unrealized loss of $53.07 million.
On May 16th, according to on-chain analyst Ying, after a period of two months, the DeFi project WLFI, which is supported by the Trump family, once again carried out token purchases. One and a half hours ago, 2.996 million USDT was used to purchase 3.636 million EOS at a purchase price of $0.824.
Up to now, WLFI's portfolio has spent a total of $347 million to purchase 12 tokens: ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, MNT, and EOS. The current total value of these tokens is $291 million, resulting in an overall floating loss of $53.07 million (-15%).
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Jupiter Founder: The Key to Solving the Problem Lies in the Pricing and Incentive Imbalance, Requiring a Balance of Fairness and Efficiency in Mechanism Design
On May 16th, Meow, a co-founder of Jupiter, stated, "While we are continuously working on various innovative technical solutions to address the 'sniping' issue, we should never forget that sniping is essentially an economic and pricing error problem. Consequently, any measures taken to mitigate sniping will, to a certain extent, impose costs on early buyers (such as longer lock-up periods, higher prices, or fees)."
Many problems indeed require good design and reasonable trade-offs. For instance, a deep liquidity pool can greatly reduce volatility, yet some users have a preference for volatility; from a user's perspective, a truly serious buyer may be inclined to participate later rather than making a full commitment at the outset; there is also a lack of user-friendly interfaces in the market to support 'timed buying'.
More fundamentally, we need to formulate 'meta-strategies' regarding precise pricing, risk/reward trade-offs, contributor allocations, and other aspects. However, thes
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