ETH breaks through the $2350 mark

Odaily Planet Daily News: According to GMGN data, FARTCOIN dev deployed tokens twice on LetsBONKfun within 24 hours, deploying FANGPI 21 hours ago and BarkCoin 40 minutes ago. The current market value of BarkCoin is $890000. Odaily reminds users that the price of Meme coin fluctuates greatly, and investors are advised to participate with caution.

According to AiCoin monitoring, over the past 4 trading days, funds from the US spot BTC ETF have continued to flow in, reaching $586 million. During this period, the largest inflow was IBIT, with a total of 532 million US dollars; Next is FBTC, with an inflow of $109 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

The current price is in the range of 2300-2500, and the distribution of chips shows strong support in the low price area, but the resistance above is only 1.84% away, making it difficult to break through. By combining member exclusive chip distribution indicators, it is possible to accurately identify sparse chip areas and predict the direction of price fluctuations. The latest K-line has seen the appearance of black three soldiers, coupled with a decrease in trading volume, further confirming the downward trend. The EMA24/52 moving average is under pressure, and the short-term bearish signal is clear. Open membership to unlock chip distribution, grasp support and resistance levels in advance, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

The trading volume of Binance FORM/USDT surged 51 times within 10 minutes, with a turnover of 32.34 million US dollars in the past 24 hours, an increase of 3.35%. 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: Starting from May 13th (Monday), Backpack Exchange announced the introduction of a unified+11% annualized benchmark interest rate in its perpetual contract funding rate calculation formula. This update aims to align with the funding fee structure of mainstream derivative exchanges in the industry, while enhancing the overall liquidity and trading activity of the market. The new mechanism does not change the calculation logic of the original funding rate, but further optimizes the funding rate environment by artificially setting a continuous positive deviation, which is particularly beneficial for Delta neutral strategy participants and provides them with more attractive funding rate arbitrage space.