After yesterday's twists and turns the three major U.S. stock index futures have shown signs of decline, still the Dow Jones fell a little more, and the decline of regional banks KBW also drove the Nifty futures lower, mainly because of the debt negotiations again into the impasse triggered by market turmoil, should have gone all the way up with the regional banks event BTC and ETH is still pressed back to the maximum pain point near. And BTC and ETH, especially BTC from the price chart can be clearly seen into May 19 after almost a straight line, up and down are within the range of this line, there is nothing more to say, the monthly delivery options of the biggest pain point is likely to be the same as last week, is the main reason to control the price.
As it stands now BTC's maximum pain point in the monthly options for delivery on the 26th remains at $27,000, which has not changed for a week. The short-to-long ratio is maintained at the same 0.38 unchanged as yesterday, with notional funds up $2.18 billion. The maximum pain point for ETH is still at $1,800, which hasn't changed for a long time, and the short-to-long ratio dropped slightly from 0.5 yesterday to 0.49, with very little change. And the notional funds decreased to below $1.24 billion.
The current price of BTC and ETH is still near the maximum pain point. If it is because of the maximum pain point suppression, then this suppression will end by next Monday at the earliest and next Wednesday at the slowest, after which it should return to sync with tech stocks, and there is still a chance to enjoy the macro benefits for June.
The next big money volume delivery is currently looking at the monthly delivery in June, the biggest pain point for BTC still remains at $24,000, the short to long ratio is also 0.49 are unchanged, the nominal funds also continue to maintain at about $3 billion. The maximum pain point for ETH remains unchanged at $1,600, and the short-to-long ratio has increased from 0.43 yesterday to 0.46, increasing the trend of ETH bearishness or hedging against shorting. Notional funds have almost exceeded $2.1 billion
Theoretically there should be a favorable lifting of the debt ceiling and suspension of interest rate hikes in June, and both will occur in the middle of the month, but the maximum pain point given is still low, and although the maximum pain point will move, the gap volume is still high at the moment, and of course prices failing to meet the maximum pain point will happen often.