Detail shift to more risky tokens Jolts BTC Price, ETH

By Francisco Rodrigues (all times one unless otherwise stated)

The cryptocurrency market withdrew over the last 24 hours, led by decreases in larger coins as retail investors changed out of large captves and to smaller, more speculative assets.

Both Bitcoin BTC$102,326.84 and ether ETH$2,552.56 dropped about 2%, and the Coindesk 20 index (CD20), a measure of the wide market, dropped 2.7%.

“We have observed a significant week-to-week increase in retail participation, which strengthens the broader tale of rising optimism,” said Jake O., a trader at Wintermute. “The shift down the risk basket is most evident in the retail screen flows.”

Institutional investors have been more conservative on their part. They still hold up on Bitcoin, ether and XRP$2.48While facilitating positions in Solana Sun$170.65 which have been exposed to “sustained pressure.”

“Some consider Soleth Underperformance as an opportunity to place Solana top page,” Jake noted, pointing to stable purchases in $ 200 Solana call options by June and July.

Other options for activity suggest that dealers are uncovered for volatility ahead. Call spreads on Ether were undeveloped and some dealers moved into requirements structures – strategies that were often used to protect against price fluctuations – signaling of caution after the recent gains.

The growing cover activity adds a note of caution to the turn of retail to speculation. Economic uncertainty, lingering inflation pressure and US customs policy all weigh on risk appetite in crypto as well as traditional markets.

In fact, global asset leaders currently have their largest underweight position in the US dollar of 19 years. Although President Donald Trump secured a major investment agreement with Qatar and a temporary reduction in US-China customs rates, these results can lead to further downward: Spanish Bank Bank Interfar said in a note that the market has shown fatigue during the last trade session.

“We still believe that the damage is done: Both EPs and prices must feel the strain, with rising inflation pressure that prevents bold from cutting the rates from as much as the market expects,” the bank’s analysts wrote. Market participants are set to now focus on producer price inflation and retail data as well as on Fed -Chairman Jerome Powell’s speech later today.

For the crypto market, a gene test of all the time is not out of the picture.

“When we look ahead, we think there is additional room for digital assets to gather, especially as Coinbase’s recording in the S&P 500 on May 19 is coming closer,” wrote Singapore-based QCP Capital. Stay aware!

What to look at

• Crypto:
  • May 16, 9:30: Galaxy Digital Class A shares to start trading with nasdaq under the ticker symbol glxy.
  • May 19: CME Group is expected to launch its cash-filled XRP futures.
  • May 19: Coinbase Global (COIN) replaces Discover Financial Services (DFS) in the S&P 500, which is effective before the opening of trade.
• Macro
  • May 15, 8 AM: The Brazilian Institute of Geography and Statistics Release March Detail Data.
    • Retail Sales Mother Est. 1% against prev. 0.5%
    • Detail Sales Yoy Est. -0.5% against prev. 1.5%
  • May 15, 8:30: The US Bureau for Work Statistics Releases April producer price inflation data.
    • Core PPI Mom est. 0.3% vs. Prev. -0.1%
    • Core ppi yoy est. 3.1% vs. Prev. 3.3%
    • PPI MOM est. 0.2% vs. Prev. -0.4%
    • PPI yoy est. 2.5% vs. Prev. 2.7%
  • May 15, 8:30: The US Census Bureau releases April sales data.
    • Retail Sales Mother Est. 0% vs. Prev. 1.5%
    • Detail Sale Yoy Prev. 4.9%
  • May 15, 8:30: The US Ministry of Labor is releasing unemployment insurance data for the week ending May 10th.
    • Initial unemployed claims est. 229K vs. Prev. 228k
  • May 15, 8:40: Fed -Chairman Jerome H. Powell gives a speech (“Framework Review”) in Washington. Livestream -link.
  • May 16, 7 p.m. 10: University of Michigan releases (tentatively) the US consumers’ emotional data can be done.
    • Michigan Consumer Sentiment Est. 53 vs. Prev. 52.2
• Earnings (Estimates based on Factset -Data)
  • May 15: Bit Digital (BTBT), Post -market, -$ 0.05
  • May 15: Bitdeer Technologies Group (BTDR), Pre -Market, -$ 0.42
  • May 15: Fold Holdings (FLD), Post-Market, N/A
  • May 15: Kulr Technology Group (Kulr), Post-Market, N/A
  • May 28: NVIDIA (NVDA), Post-Market, $ 0.88

Token -events

• Management votes and calls
  • Uniswap DAO votes on a proposal to finance the integration of Uniswap V4 at Ethereum in OKU and add Unichain at OKU in an attempt to improve Uniswap’s range and liquidity migration to V4. Voting ends on May 18.
  • May 15, 7 p.m. 11: Yield guild games to host a Q1 2025 Community Update Ask me something (AMA) session.
  • May 15 at 1 p.m. 10: Moca Network to host a Discord Townhall session discussing network updates.
  • May 21 at. 18: Theta Network to host an Ask Me Anything session in a livestream.
• Unlock
  • May 15: Starknet (Strk) to lock 4.09% of its circulating supply worth $ 23.53 million.
  • May 15: SEI (SEI) to lock 1.09% of its circulating supply worth $ 14.22 million.
  • May 16: Immutable (IMX) to lock 1.35% of its circulating supply worth $ 17.8 million.
  • May 16: Arbitum (Arb) to lock 1.95% of its circulating supply worth $ 39.06 million.
  • May 17: Avalanche (Avax) to lock 0.4% of its circulating supply worth $ 42.84 million.
• Token launches
  • May 15: RIZE (RIZE) to list on Kraken.
  • May 16: Galxe (Gal), Litencency (Lit), Mines of Dalarnia (DAR), Orion Protocol (Orn) and Parsiq (PRQ) to be defined from Coinbase.

Conferences

Coindesk’s consensus takes place in Toronto on 14 to 16 May. Use the code’s diary and save 15% on passports.

Derivatives Location

• BTC and ETH Perpetual Futures Open interest crossed with a withdrawal about the overnight price, but the financing rates remain positive. Maybe dealers buy dip.
• Open interest in the XRP Perpetual Futures has fallen, signaling a settlement of along.
• Ether Futures Open Interest at CME has risen from approx. 685K ETH to 955K ETH in a week and reaches the highest since March 11. BTC CME Futures has not yet seen a similar Uptick.
• On dismissal, ETH risk conversations in the front end have turned negatively to show bias for puts or downward protection. BTC calls continue to trade with a prize.
• The OTC Tech Platform Paradigm noticed mixed currents, with OTM BTC put spreads both purchased and sold, while ETH OTM calls spread to be lifted.

Market movements

• BTC has fallen by 1.49% from 1 p.m. 16 A Wednesday to $ 101,906.02 (24 hours: -1.52%)
• ETH has dropped 2.54% of $ 2,540.80 (24 hours: -2.58%)
• Coindesk 20 has fallen 2.79% at 3,204.04 (24 hours: -3.66%)
• Ether Cesr Composite Staking Rate has fallen 1 BPS of 3.11%
• BTC financing rate is at 0.0045% (4,8968% annual) on Binance

• DXY is down 0.29% at 100.75
• Gold is down 0.59% of $ 3,168.30/oz
• Silver is down to 0.85% of $ 32/oz
• Nikkei 225 Closed -0.98% at 37,755.51
• Hang bed closed -0.79% at 23,453.16
• FTSE has increased 0.14% at 8,596.60
• Euro Stoxx 50 has fallen 0.54% at 5,374.02
• Djia closed Wednesday -0.21% at 42,051.06
• S&P 500 CLOSED +0.1% at 5,892.58
• NASDAQ closed +0.72% at 19,146.81
• S&P/TSX Composite Index Closed +0.3% at 25,692.45
• S&P 40 Latin America closed +0.18% at 2,645.42
• US 10-year-old Treasury is down 3 bps on 4.51%
• E-MINI S&P 500 Futures are down 0.51% at 5,878.25
• E-MINI NASDAQ-100 FUTURES ARE DOWN 0.72% AT 211.239.50
• E-MINI DOW JONES INDUSTRIAL AVERAGE Index Futures are down 0.32% at 41,982.00

Bitcoin statistics

• BTC Dominance: 62.77 (+0.31%)
• Ethereum to Bitcoin ratio: 0.02490 (-1.23%)
• Hashrate (Seven-Day Sliding Average): 861 EH/S
• Hashprice (Spot): $ 54.63
• Total fees: 7.21 BTC / $ 747,357.79
• CME Futures Open Interest: 149,720 BTC
• BTC priced in gold: 31.9 oz
• BTC VS GOLD MARKET CAP: 9.04%

Technical analysis

• While BTC is withdrawn from the recent height of $ 105,700 to under $ 102,000, the wider upward course remains intact.
• A break below $ 100,000 would invalid the trend channel from April 9 low, potentially leading to a deeper withdrawal.

Crypto shares

• Strategy (Mstr): Closed Wednesday of $ 416.75 (-1.15%), down 2.35% to $ 406.95 in the PRE market
• Coinbase Global (COIN): Closed to $ 263.41 (+2.53%), down 3.39% to $ 254.48
• Galaxy Digital Holdings (GLXY): Closed to $ 31.96 (+8.74%)
• Mara Holdings (Mara): Closed to $ 15.87 (-3.05%), down 2.52% to $ 15.47
• Riot Platforms (Riot): Closed to $ 8.91 (-1.66%), down 2.24% to $ 8.71
• Core Scientific (Corz): Closed to $ 10.32 (+0.78%), down 1.55% to $ 10.16
• CLEANSPARK (CLSK): CLOSED TO $ 9.61 (-3.9%), down 2.29% to $ 9.39
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 16.95 (-1.45%), dropped 1.71% to $ 16.66
• Semler Scientific (SMLR): Closed to $ 32.54 (-11.34%), down 1.72% to $ 31.98
• Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: $ 319.5 million
• Cumulative net streams: 41.37 billion dollars
• Collected BTC holdings ~ 1.17 million

SPOT ETH ETFS

• Daily Net TRØM: $ 63.5 million
• Cumulative net streams: 2.55 billion dollars
• Collected Eth Holdings ~ 3.44 million

Source: Father’s page -Investors

Flows overnight

Today’s chart

• The diagram shows a sharp increase in the number of open ETH futures -betting on Chicago Mercantile Exchange.
• Surge indicates growing institutional participation in the second largest cryptocurrency.

While you were asleep

• CFTCS PHAM said that plot exit, the agency may be left without the party record (Coindesk): If Brian Quintenz is confirmed as CFTC chairman, he would replace a departure democrat, while two Republicans also plan to leave, which potentially reduces the five-member agency to only two commissioners.
• The ALTCOIN season could heat up in June and drain part of Bitcoin’s $ 2T market capital, says Analyst (Coindesk): Bitcoin’s dominance frequency dropped from 65% to 62% over a week, signaling a shift against Altcoins. Analyst Joao Wedson says dominance will fall further.
• Trump says we close to a nuclear agreement with Iran (Reuters): Lectures remain complicated by sharp discrepancies and Tehran’s continued uranium enrichment.
• Group of 21 Economies-Inclusive US and China Administration on growth of growth over merchant stresses (CNBC): Asia and Pacific Economic Cooperation (APEC) forecasts Growth will slowly to 2.6% this year from 3.6% by 2024, referring to tariffs and non-tariff barriers as factors undermin business confidentiality.
• Ark Invest bought $ 9.4 million. Etoro shares on Trading Platform’s debut (Coindesk): Cathie Wood’s company bought 140,000 ETOR shares as the stock jumped 29% from its $ 52 open after stronger demand than expected.
• The British economy was running at the start of the year, but the slowdown (Wall Street Journal): Despite surpassing the US and eurozone with 0.7% growth in the first quarter, rising employer fees and labor costs have bumped business setting and pointed to weaker results later in the year and in 2026.

In ether