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BTC $64,361.50 -3.58%
ETH $1,783.15 -4.15%
BNB $603.29 -4.66%
XRP $1.18 -4.27%
SOL $70.15 -5.61%
TRX $0.3284 -1.41%
DOGE $0.0891 -5.09%
ADA $0.1885 -12.16%
BCH $249.10 +0.54%
LINK $8.08 -4.74%
HYPE $67.13 -7.51%
AAVE $72.09 -4.53%
SUI $0.7957 -3.55%
XLM $0.2090 -8.34%
ZEC $524.64 -15.47%

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Bitcoin has entered a high-risk zone, and the continuous withdrawal of institutional funds highlights concerns about selling pressure

The latest report from the blockchain analysis platform Swissblock shows that Bitcoin is gradually slipping into a high-risk environment, primarily due to continuous selling by institutional funds, especially driven by net outflows from the U.S. spot Bitcoin ETF. Historical data indicates that whenever this index signals selling pressure overwhelming the market at a structural level, it often corresponds to systematic distribution behavior by institutional funds.On-chain data analysis firm Glassnode also pointed out that since May 7, the U.S. Bitcoin spot ETF has shown net outflows almost every trading day, with institutional selling signals persisting for over two weeks. "Such continuous capital outflows are exerting pressure on the supply side of the market, while currently, there has not been sufficient buying demand to hedge against this," further exacerbating the risk of supply-demand imbalance.In the market, Bitcoin faced short-term pressure on Tuesday due to geopolitical disturbances. Reports indicated that the U.S. is implementing a new round of military strikes against Iran, despite recent progress on a peace agreement between the two sides. Bitcoin's price fell by about 1%, briefly dipping from above $77,000 to around $76,500, but overall it still maintained a range-bound pattern for nearly four months.CoinEx Chief Analyst Jeff Ko stated that although geopolitical events may trigger short-term volatility, the market focus may still lean towards potential reconciliation progress between the U.S. and Iran, with the overall cryptocurrency market "still in a wait-and-see state." In summary, the current Bitcoin market faces dual pressures: on one hand, the continuous outflow of spot ETF funds has weakened key buying support; on the other hand, geopolitical uncertainty has amplified short-term volatility risks. If institutional risk appetite does not improve marginally, the risk index may rise further, necessitating caution against the adjustment pressure brought by technical selling and emotional resonance.

Wang Chun: Exploration should not be postponed to the next generation; participating in this flight is to give SpaceX a reason not to forget Mars

F2Pool co-founder Wang Chun talks about why he chose Mars instead of the Moon as the target for SpaceX's first interstellar manned mission. He believes that even without private investment, humanity will still reach the Moon, and likely very soon. As space competition intensifies, governments around the world will establish lunar bases. I am happy to watch all of this happen.On the other hand, I am still uncertain about the progress of Mars exploration within our lifetime, and I feel that something should be done about it. I hope that by purchasing a ticket for a mission to fly by Mars, SpaceX will have another reason not to forget about Mars. Because we really should not delay Mars exploration for the next generation.Yesterday, SpaceX announced that Wang Chun will participate in SpaceX's first interstellar manned mission as the mission commander, executing a flight lasting about two years: first exploring the outer space of the Earth-Moon system, then flying by Mars and returning to Earth. Before this interstellar mission, Wang Chun will participate in a commercial crewed lunar flyby with Dennis and Akiko Tito, with the planned flight being within 200 kilometers of the lunar surface. This is the first commercial crewed interstellar mission of Starship, and Wang Chun previously commanded the Fram2 polar orbit mission in 2025, gaining experience for this flight.
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