Analyst: Bitcoin indicators show that the majority of current holders have achieved profitability without recognizing losses and leaving the market

According to BlockBeats, on May 6th, two cryptocurrency bills in Florida have been removed from the legislative process, dealing the latest blow to the strategic Bitcoin reserve targets at the state level in the United States. The Florida Senate announced that Florida House Bill 487 and Senate Bill 550 were "indefinitely postponed and withdrawn from consideration" on May 3. The Florida Legislative Assembly adjourned on May 2nd and did not pass the two bills that were supposed to push for legislation to establish a cryptocurrency reserve in the state. （Cointelegraph）

Odaily Planet Daily News: In response to CryptoQuant's report on "KuCoin Bitcoin reserves dropping to 4100", KuCoin stated that its asset reserve data released on May 1st showed that KuCoin currently holds 10306 BTC, with 9751 user assets and a Bitcoin asset reserve ratio of 106%. The relevant report data is incorrect.

According to AiCoin monitoring, a large amount of funds flooded into the US spot BTC ETF market yesterday, with a net inflow of up to $426 million. Among them, IBIT was the largest inflow, with a daily net inflow of $531 million; Next is BTCO, with a total of 0 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

The current BTC price is around 94000, and the distribution of member exclusive chips shows that the chips in this area are sparse, making it easy to form a breakthrough. Combining the hammer line and pregnancy line signals of the K-line shape, it indicates that the bullish and bearish forces are sawing, and the support of 94000 below is particularly crucial. If it falls below, the price may quickly drop to 93500. In addition, RSI broke through the upward trend line, coupled with a trading volume contraction of over 38%, indicating strong demand for reversal. Activate membership to unlock chip distribution and accurately capture support resistance levels! Take the lead in understanding the long short game and click to activate membership! 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.

BlockBeats News: On May 6th, according to Nate Geraci, President of The ETF Store, BlackRock's Bitcoin spot ETF IBIT has had a net inflow for 15 consecutive days, with a total inflow of approximately $4.5 billion.