Odaily Planet Daily News: Despite a $170 million margin clearing, Bitcoin buying in the spot and futures markets has supported the upward trend of BTC prices. The weak demand for stablecoins in China and limited use of futures leverage indicate that the current rise of Bitcoin is sustainable. Although the soaring yield of Japanese treasury bond bonds and market concerns about credit risk once affected market sentiment, the price of Bitcoin showed resilience at the support level of $102000 on May 19. At the same time, there was a slight discount in the trading of USDT in China, indicating that this round of rise is not driven by FOMO sentiment. The absence of excessive leverage in the Bitcoin futures market and the absence of panic inflows in the Chinese market are key factors contributing to the sustained price increase, paving the way for a stronger bull market momentum above $105000. （Cointelegraph）
