GM20230525

Market Trends:
BTC has plummeted. The long-short ratio on OK is 2.4, which may increase the possibility of a future sharp drop. US stocks fell as the market worried about failing to reach a debt ceiling agreement in time. The US dollar index rebounded on the weekly chart.

Market Hotspots:
The decentralized computing project Arpa has seen a significant increase due to a short squeeze. Arpa is a Chinese project, and the market maker DWF is driving up the price to squeeze out short sellers, with a short fee rate of -0.8%.