At the moment, the market is still in a wide-ranging sideways chop. Since I’m not good at short-term trading, I’m staying on the sidelines and waiting it out. If the price dips significantly, I’ll consider buying; if it rises, I’ll just sit back and stay calm — simple and stress-free.

There’s nothing particularly unusual in the data. The main thing worth noting is that the Bitcoin ETFs have been repeatedly hitting new highs.

Looking at the long/short ratio and funding rates, overall market sentiment has picked up slightly, but not by much. Bears seem to be showing signs of surrender on the surface, but behind the scenes, they’re still eager to fight. Once the market fully shakes them out and they start flipping long, that’s usually a sign the top is near.

Market Indicators – May 20, 2025

BTC Holding Period >1 Year: 62.8% (Below 55% indicates a high-risk zone)

Ahr999X Index: 2.77 (>9 = DCA zone; <0.4 = market top)

Bitcoin Dominance: 63.9% (Near 40% often signals a cycle top)

Fear & Greed Index: 71 (Closer to 100 = high-risk; <10 = buy zone)

Bitcoin Rainbow Chart: HODL! (Orange-red = high risk; dark blue = bottom)

PI Cycle Distance: Far (Crossing = bull market top)

RHODL Ratio: 3,024 (>10,000 = top zone; <300 = bottom zone)

**60-Day Price Change (Jiang Zhuo’er Index)**: +24% (>80% indicates short-term bubble risk)

**RSI (Relative Strength Index)**: 69.07 (<45 = buy zone; >85 = top signal)

Altcoin Season Index: 16 (<25 = undervaluation zone; >75 = bubble zone)

BTC Spot ETF Net Flow: $667.4 million

ETH Spot ETF Net Flow: $13.7 million

DCA Strategy Index: Holding Zone (Buy Zone / DCA Zone / Holding Zone / Sell Zone / Top Zone)

BTC Daily Candlestick Trend: Uptrend (Uptrend / Downtrend)

Bull Market Top Countdown: 120 days remaining

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.Hyperliquid High Win Rate Whale Goes Short on Bitcoin with 40x Leverage, Short Position Valued at $88.41 Million

2.BNB Chain Ecosystem Project BUILDon(B) On-Chain Transaction Volume Surpasses $100 Million

3.Ethereum Co-Founder Jeffrey Wilcke has transferred 394,000 ETH to Kraken since 2016, with a total cash-out amount of approximately $510 million.

4.Bloomberg Analyst: BlackRock’s Bitcoin Holdings Reach 57% of Satoshi Nakamoto’s, Projected to Become the World’s Largest Bitcoin Holder by Next Summer

5.Robinhood has submitted a proposal to the U.S. SEC to advance the establishment of an RWA tokenization federal framework.

Meme Coins – Trending in the Last 24 Hours

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$GENE

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Narrative: A meme launched by Chinese creators, quickly reached a $10M market cap.

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$EVIE

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Narrative: The “third daughter” of Peppa Pig — meme storytelling driving hype.

Daily report

2025-06-11 Report

📅 June 11, 2025｜Crypto Research Brief

Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: [17,411]

Exchanges: [1,281]

Total Market Cap: [US$3754 B] 1.7%📉

24-Hour Trading Volume: [US$140.18 B]

[BTC 61%📈 ETH 9.4%📈]

Gas: 1.62 GWEI

Altcoin Season Index: [31]

Fear & Greed Index:[68]

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $254.4 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

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Divergence Between U.S. Institutional and Retail Investors Resurfaces

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According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

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Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

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The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

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Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

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Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high