BitMart Market Report on May 16th: The overall market continues to fluctuate at a high level

Odaily Planet Daily News: According to BitMart's market report on May 16th, the total market value of the cryptocurrency market is $3.33 trillion, up 0.73% from the previous day; BTC maintains a high volatility trend, rising during the day and then falling back; ETH trend synchronizes with BTC; In terms of market sentiment, the fear and greed index is 69, continuing to be in the "greed" range; The overall long short ratio is 1.02, with bullish sentiment dominating. With Ethereum's short-term rise and fall, the altcoin market is facing a significant pullback; The current market is in a high-level consolidation stage, with obvious signs of capital rotation. Investors are advised to closely monitor the direction of BTC trends and changes in the Fear and Greed Index, and be alert to short-term pullback risks.