The overall cryptocurrency market is experiencing high-level fluctuations and clear differentiation today. BTC surged to $82,828 in the early session before slightly pulling back, now holding steady above the $81,000 mark, with a slight 0.21% decline over 24 hours. Spot ETF has seen net inflows for four consecutive days, indicating strong institutional support.



ETH underperformed, facing resistance at $2,400, currently trading at $2,320, down 2.07% over 24 hours. It moves in tandem with Bitcoin but lacks independent upward momentum. SOL defied the trend, rising over 3.5%. Meme coins are active in certain areas, with FARTCOIN surging over 9% in a single day.

Market sentiment remains cautious, with BTC approaching the strong resistance at $83,000, suggesting a short-term pullback may be needed. Support below is at $80,000; as long as it holds, the bullish structure remains intact. Continuous ETF inflows and high institutional holdings indicate that the medium- to long-term trend has not changed, but short-term volatility has increased, making chasing highs risky.

Strategy: Light positions with oscillations, buy on dips during pullbacks, avoid chasing highs; focus on support at $80,000 and a breakout above $83,000, mainly engaging in high sell and low buy. #Gate广场五月交易分享 $ETH
ETH-1.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 12
  • 1
  • Share
Comment
Add a comment
Add a comment
LittleHahaha
· 8h ago
A certain Bitcoin whale with a $8.8 million long position held on until liquidation, earlier
being only 0.06% away from liquidation.
According to BlockBeats news, on May 7th, Hyperinsight monitoring showed
that during the continuous correction from Bitcoin's high point last night, Hyperliquid's
Oxc6c whale chose to take the opposite side, going long with 35x leverage on 109.7 BTC,
with a scale of $8.8 million, an average price of $82,000, and a liquidation level
at $80,650.
This morning, Bitcoin's decline continued, and the current price once dipped near
the liquidation level, with a spread of less than $50 (about 0.06%). This whale may have
abandoned the position for the first time due to most of its funds being in loss.
Later in the afternoon, Bitcoin rebounded to around $81,680, significantly recovering
its paper losses, narrowing the unrealized loss. However, the whale again chose to stay put.
Finally, within the last 10 minutes, Bitcoin retreated a second time, with part of the
position being liquidated. Subsequently, before the next liquidation, the whale manually
stopped out and exited, with the account balance falling below $100k.
View OriginalReply0
TuutuutuToTheShore
· 20h ago
Steadfast HODL💎
View OriginalReply0
TaskJelly
· 05-07 08:24
Just charge forward 👊
View OriginalReply0
TaskJelly
· 05-07 08:24
Steadfast HODL💎
View OriginalReply0
TigerTigerTiger
· 05-07 07:34
Just charge forward 👊
View OriginalReply0
TigerTigerTiger
· 05-07 07:34
Hop on now!🚗
View OriginalReply0
TigerTigerTiger
· 05-07 07:34
Hop on now!🚗
View OriginalReply0
TigerTigerTiger
· 05-07 07:34
Buy the dip 😎
View OriginalReply0
Nice隔壁王叔
· 05-07 07:33
Hop on now! 🚗
View OriginalReply0
Nice隔壁王叔
· 05-07 07:33
Buy the dip 😎
View OriginalReply0
View More
  • Pin