In the live broadcast of the language community, ETH plummeted by 10%, saying that a bear market is coming? Why is smart money quietly buying into this track

Click on the link to enter the meeting: https://meeting.tencent.com/p/9850662513 Affected by concerns about US inflation and interest rate hikes, the overall cryptocurrency market is in a safe haven mood today, with Bitcoin continuing to decline and multiple market indicators showing weakness. The core reason for the decline 1. Macro pressure: The US CPI in April exceeded expectations (3.8% year-on-year), and the market began to price a possible interest rate hike within the year. The 10-year US Treasury yield surged to a new high for the year, suppressing risky assets. 2. Significant outflow of funds: On Monday alone, the US spot Bitcoin ETF had a net outflow of 648.6 million US dollars, with a cumulative outflow of nearly 1 billion US dollars this week. [Other key news] ·Security incident: VerusEthereum cross chain bridge was hacked, resulting in losses exceeding $110 million. ·Regulatory Update: The US SEC plans to introduce a new framework that allows platforms to trade tokenized stocks; Senators oppose granting nationwide trust licenses to Ripple and Coinbase. ·Institutional viewpoint: Market maker Wintermute believes that the recent rebound is mainly driven by short selling rather than real buying. If it falls below the support of $75000, it may explore the range of $70000- $72000. Potential positive signals Stablecoins such as USDC and USDT have recently seen a large influx of funds into exchanges (with single inflows reaching $350 million and $1.5 billion respectively), often seen as a signal of "bullets ready to enter the market". Please note that the above content is for reference only and does not constitute investment advice. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 QQ group number: 2166065873 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.