According to Michael van de Poppe, founder of MN Trading Capital, Bitcoin's return to the $100,000 mark may not require a new market narrative; the narrative will naturally emerge as prices rise. He points out that the market's focus has shifted to areas like AI, putting short-term pressure on Bitcoin. However, from a mathematical and statistical perspective, the current price range still possesses accumulation value. Data shows that Bitcoin has not reached the $100,000 mark for nearly five months, with the price rebounding from a low of approximately $60,000 in February to approximately $78,000, a 30-day increase of about 14.49%. The market is generally focused on potential catalysts such as the Federal Reserve's interest rate policy, regulatory developments, and inflows into Bitcoin spot ETFs. However, some believe that even if the US CLARITY Act is passed, its direct impact on Bitcoin prices will be limited. (Cointelegraph)

According to Huoxun Finance, crypto analysts say that since the beginning of May, Bitcoin has continued its narrow range trading, with order clusters appearing near key price levels, potentially becoming a core area for large-scale liquidations. Resistance is located at $80,000, a level that combines psychological and technical resistance, attracting significant short-selling liquidity. A break above this level could trigger a short squeeze, pushing the price rapidly towards $84,000. On the downside, if $80,000 fails to break through, the liquidity zones of $75,000, $73,000, and $70,000 may see further pullbacks. The market is currently in a tug-of-war between bulls and bears. A decisive break above the $75,000 to $80,000 range on the daily chart could determine the overall trend for the month.

According to Huoxun Finance, venture capital firm a16z supports the U.S. Commodity Futures Trading Commission (CFTC) in opposing several states' crackdowns on prediction markets. On Friday, a16z submitted an 18-page comment letter to the CFTC, stating that state regulators' stop-and-go orders and proposed injunctions against prediction market platforms are creating "serious obstacles to fair access" for users. Over the past month, the CFTC has filed lawsuits against Illinois, Arizona, Connecticut, New York, and Wisconsin, arguing that these states have overstepped their authority in attempting to regulate markets that fall under federal regulation. a16z argues that requiring trading platforms to block U.S. users based on their state of residence conflicts with the CFTC's fair access rules and points out that this practice could significantly reduce liquidity. CFTC Chairman Mike Selig believes that prediction market event contracts are swap contracts and should fall under the exclusive jurisdiction of the CFTC. State regulators and state attorneys general counter that platforms such as Kalshi and Polymarket offer unlicensed gambling products. a16z emphasizes that the pricing mechanism of prediction markets is a "unique form of price discovery" that reveals the probability of uncertain events. It also points out that blockchain-based prediction markets are more transparent than traditional platforms due to the auditability of on-chain transactions, facilitating oversight by participants and regulators. In April, Polymarket and Kalshi's combined trading volume exceeded $150 billion.

According to Coinglass data, the cryptocurrency fear and greed index is currently at 40, up 15 points from yesterday. The 7-day average is 33, and the 30-day average is 24.

According to Lookonchain, a newly created wallet withdrew 1,051 BTC from Binance two hours ago, worth approximately $82.35 million.