BTC falls below the $107000 mark

Binance A/USDT's perpetual trading volume surged 12 times within 10 minutes, with a turnover of 77.25 million US dollars in the past 24 hours, a decrease of 3.56%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

Odaily Planet Daily News: The decentralized AI training platform (FLock. io) token FLOCK was officially launched on the mainstream Korean exchange Upbit today. Affected by the news, the price of FLOCK quickly rose by over 25% within one hour of its launch against the trend. According to on chain data, as the popularity of the gmFLOCK staking mechanism continues to rise, the cumulative locked in volume has exceeded 40 million FLOCKs. In addition, FLock Foundation announced that it has pledged 10 million FLOCKs for the longest period (365 days).

The current 90 minute cycle K-line shows that BTC prices are below the EMA24/52 moving average, showing an overall downward trend. At the same time, the latest flat top shape and shrinking cross star indicate that the market is hesitating near the resistance zone of 108760-108909, and selling pressure is gradually emerging. The distribution of chips in the membership indicator further reveals the existence of a strong resistance zone above, where the main funds continue to exit, making it difficult to break through. In addition, although RSI has a double bottom rebound signal, the divergence of KDJ is insufficient, which limits its short-term action. If the price cannot maintain the support of 106000, it may further drop to 104500. Unlock membership function, accurately track main trends, and grasp key points! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

According to AiCoin monitoring, the net outflow of US spot BTC ETFs reached $347 million yesterday, the highest daily net outflow since April 18th. Among them, FBTC had the largest outflow of funds, reaching 166 million US dollars; Next is GBTC, with an outflow of $108 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

BlockBeats News: On May 30th, according to Farside Investors monitoring, the net outflow of US Bitcoin spot ETFs was $346.8 million yesterday, marking the first outflow in nearly 10 trading days. Among them, BlackRock IBIT had a net inflow of $125.1 million, and Fidelity FBTC had a net outflow of $166.3 million.