Crypto Assets Market Weekend Review and Outlook

The overall performance of the crypto assets market this weekend has been flat, with Bitcoin mainly experiencing fluctuations. Last week's closing price was $105,734, successfully staying above the 10-day simple moving average. A certain crypto analyst pointed out that Bitcoin has remained steady above $104,400 for four consecutive weeks, with this level transitioning from resistance to support. Some traders predict that Bitcoin may experience "magnetic" fluctuations to capture liquidity by observing order book liquidity. Currently, liquidation data shows stronger signals for an increase; if it rises by 10%, it will liquidate $15.11 billion in shorts, while a 10% drop will liquidate $9.58 billion in longs. It is expected that Bitcoin may experience significant fluctuations this week, potentially breaking through the $109,000 to $110,000 range.

In terms of altcoins, the difficulty of making profits on-chain has increased, especially on the Solana chain, with many traders turning to Base or BSC chains. In the BSC ecosystem, projects like TAGGER and the American Eagle EGL1 have performed remarkably. The Base ecosystem also has several standout projects, such as the AI token LAY and TORUS, which have seen significant increases.

Market key data shows that the current price of Bitcoin is $105,650, and Ethereum is $2,495.20. The Fear and Greed Index is at 55, indicating a neutral position. The BTC long-short ratio over 24 hours is 1.0214. In terms of sectors, PayFi has risen by 2.3%, and stablecoins have increased by 1%. Approximately 56,000 people globally have been liquidated in the past 24 hours, with a total amount of $125 million.

This week's market focus will be on the US May CPI report to observe inflation trends. In addition, the US debt issue is also worth attention, as the total amount of US national debt has exceeded $37 trillion, and if a certain bill passes, it will further increase by $1.5 trillion. Analysts expect a critical policy turning point may occur from mid-June to early July.

In the coming week, the Crypto Assets market still faces significant uncertainty, and investors need to closely monitor macroeconomic data and policy trends, operating cautiously.