Odaily Planet Daily News: Backpack Exchange completed the point distribution for the ninth week of the first season today, with a total of 10 million points distributed. Multiple business data on the platform continue to climb, reaching a historic high: 24-hour perpetual contract trading volume exceeds 1.1 billion US dollars; The total amount of borrowed assets exceeded 165 million US dollars; The total amount of borrowed assets has exceeded 56 million US dollars.
The current season has entered its final week. According to CEO Armani's announcement on Twitter, the platform will undergo a series of major updates after the end of the season, including opening up more regional services, launching new products, launching new tokens, and releasing new technologies.
Membership indicators show that the current trading volume is extremely shrinking, with a short-term average decrease of 31.71% and a significant weakening of market activity. Combined with the K-line pattern, a top split pattern appeared in the 2-hour morning cycle, and the MACD bar chart continued to decrease. The downward momentum is strengthening, and the risk of short-term correction is increasing.
Upon further observation, although the price is above the EMA24/52 moving average, the convergence of the KDJ indicator suggests that the current upward trend may weaken. The key support is at $111000, and if it falls below, it may test $110500.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $935 million yesterday, the highest daily net inflow since May 5th. Among them, IBIT had the largest inflow of funds, reaching $877 million; Next is FBTC, with an inflow amount of 48.7 million US dollars.
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
OKEx will open the spot/contract trading pair SOONUSDT on May 23, 2025, at 7:30 PM (UTC+8).
Project Introduction: SOON is a high-performance Layer 2 aggregation stack that utilizes a decoupled Solana virtual machine to provide high TPS, supporting scalable, user-centric Web3 applications across multiple blockchains.
