News

According to Odaily, after the 30-year US Treasury yield broke through 5%, reaching a twenty-year high, selling panic continued to spread on Monday. The 10-year Japanese government bond yield soared to 2.8%, marking a 30-year high; South Korean stocks plunged intraday, triggering circuit breakers; gold fell below 4,500 US dollars. Investors stated that the key is, as long as the Middle East standoff continues to block oil flow through the crucial Strait of Hormuz, pressure on bonds will persist. JPMorgan Asset Management portfolio manager Priya Misra said: “This price movement is concerning for two reasons: long-term interest rates are rising globally and tend to affect one another, while the prospect of further Fed rate hikes is becoming part of the market narrative.” (Golden Ten Data)

Odaily reported that on-chain analyst Tom Wan stated on the X platform that the current ETH utilization rate has dropped below 90%, and the lending APY has fallen to 1.9%. Since the rsETH LayerZero cross-chain bridge attack, the deposit sizes of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion respectively. As the wstETH/weETH to ETH loop leverage strategy returns to profitability, the market's focus has shifted to whether demand for ETH loop leverage will recover or if funds will continue to remain on the sidelines or flow to protocols such as Spark and Morpho.

Market Overview: 77,000 Long-Short Battle: BTC continues to decline, briefly dropping below the 77,000 USDT mark and reaching a low of 76,916 USDT. The current price is still hovering near 77,000 USDT, with intense tug-of-war and fierce competition. Sentiment Slips into Fear: The Fear & Greed Index plummeted from 42 to 28, officially entering the "Fear" territory. Liquidation Data: Longs Suffer Heavy Losses: In the past 1 hour (UTC+8), total network liquidations reached as high as 160 million USDT, with long position liquidations dominating at 158 million USDT. Technicals: Moving Average Suppression: Price has fallen below the EMA7 (77,824) and EMA30 (78,994), with moving averages diverging downward. Bearish Momentum Prominent: The 4-hour MACD green histogram continues to expand, showing strong bearish momentum. Indicator Nearing Oversold: RSI has dropped to 31.21, approaching the oversold region. Key Action Levels: Long Strategy: Entry 1 at 76,000 USDT, Entry 2 at 75,000 USDT, long stop-loss at 74,500 USDT. Short Strategy: Entry 1 at 78,000 USDT, Entry 2 at 79,000 USDT, short stop-loss at 79,500 USDT. Risk Warning: This article is for reference only and does not constitute investment advice.