XRP Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance
Market sentiment remains positive, but signs of exhaustion appear as BTC nears key technical and psychological levels.
Market sentiment remains positive, but signs of exhaustion appear as BTC nears key technical and psychological levels.
According to PRO data, Binance BTC's major players have balanced their positions and completed two huge orders with a total amount exceeding 44 million US dollars, totaling 96.53 million US dollars, with an average selling price of $104091. At present, the BTC 45 minute cycle price is returning to the EMA52 moving average, and there is a commission order worth $46.22 million that is less than 0.4% away from the current price. The short-term direction may change, and the specific main betting point can be obtained by setting the "Main Large Order Tracking" indicator. The data is for reference only and does not constitute any investment advice!
Click on the link to enter the live stream: https://meeting.tencent.com/p/4763358206 Good evening I am Jiuye. After two days of sideways trading over the weekend, the market rose again at noon today, breaking through a new high and reaching a high of 105800. Ethereum reached a high of 2622 and then gradually rebounded and consolidated. The overall direction and thinking have changed. I will explain in detail tonight in the live broadcast room! From the perspective of Bitcoin technology, the current pressure of parallel openings at the top, shoulders, bottom, and head of the major level remains unchanged at 109500. The trend pressure gap between 108500 and 109500 above the horn shape has risen to around 113500 From the perspective of Ethereum technology, the strongest parallel pressure gap above is around 2840. Currently, all major levels of downward trend pressure on Ethereum have been physically broken, waiting for the last wave! Bitcoin operation strategy: waiting for notification from the live broadcast room Ethereum operation strategy: waiting for notification from the live broadcast room Official QQ fan group: 1015904463 Tencent Meeting Number: 476 335 8206 Weibo: Xi Jiuye fights against the Heavenly Way Assistant WeChat Circle Account: BTC6688 TG official group: https://t.me/TianYuanTYX TG Official Channel: https://t.me/TianYuanXJY Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have jointly released a research report called "Project Pine" to test the feasibility of using smart contracts to implement monetary policy in tokenized financial markets. The Project Pine research report shows that the New York Federal Reserve Innovation Center and the BIS Innovation Hub have jointly developed a prototype of a central bank monetary policy implementation toolkit based on smart contracts. This toolkit supports operations such as interest rate payments, asset purchases, and mortgage management, and has been tested in 10 historical simulation scenarios, including market turbulence and liquidity tightening. The report points out that smart contracts have the ability to quickly deploy and adjust monetary policy tools, providing flexibility and efficiency for future central bank policy implementation in tokenized financial systems. However, it also emphasizes the need to pay attention to interoperability, data standards, and potential operational risks.
The current price of ETH is $2622.55, with a 3.72% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 273 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 72.17 million US dollars (26.42%). The data is for reference only.
BlockBeats News: On May 16th, the Wormhole Foundation announced that Arian Motamenzadeh has officially become the new Managing Director of the foundation, focusing on protocol fee conversion and related protocol revenue, as well as promoting the adoption of Wormhole on the institutional end. Arian Motamenzadeh has over ten years of experience in startup leadership, market entry strategy, and expanding profitability. He has built businesses from scratch at world-class companies such as DoorDash and EasyPark, with annual recurring revenue (ARR) exceeding $350 million, and led these companies to achieve billions of dollars in IPOs and exits.