Driven by ETF inflows, MET has recently seen a surge in trading volume and a staged rebound, but expectations of inflation and high interest rates are limiting short-term upward momentum. The price is currently holding in the 0.17–0.19 USDT range, with 0.17 USDT serving as a key support level. If this level holds and trading volume recovers, a mid-term rebound is likely. If it falls below, caution is advised as market wait-and-see sentiment may intensify. It is recommended to closely monitor the 0.17 USDT level and dynamically adjust positions in conjunction with macro liquidity indicators.

Against the backdrop of recovering global risk appetite, MET’s price surged from 0.1668 USDT to around 0.1820 USDT between May 6 and 8, accompanied by a notable increase in daily trading volume, up more than 20% from the monthly average. This rebound is closely related to sustained institutional ETF allocations to Bitcoin, which have strengthened the overall crypto asset sector. In the short term, market sentiment shifted from caution to optimism, driving a staged recovery for MET.

Strong U.S. employment data released on May 8 further reinforced the inflation outlook and reignited expectations of continued tight monetary policy. Bitcoin quickly fell below the $80,000 mark, prompting a pullback in risk assets. After hitting 0.1820 USDT, MET retreated and traded in a narrow range around 0.18 USDT on reduced volume, reflecting short-term arbitrageurs’ hesitation in the face of macro headwinds and noticeably subdued sentiment.

Bitcoin fell below $80,000 after five consecutive days of net inflows into spot ETFs ended, signaling a cooling rebound from February lows. Stronger-than-expected US April jobs data heightened concerns over energy-driven inflation limiting rate cuts. Spot Bitcoin and Ethereum ETFs saw significant outflows, reflecting reduced institutional risk appetite. Rising US-Iran tensions pushed oil prices up, offsetting some risk asset support. Derivatives suggest prolonged hawkish rate expectations, with retail participation low and market momentum weak, posing a risk of Bitcoin retesting $75,000–$78,000 support.

Analysis: Bitcoin surged then fell back below $80K, with ETF outflows and geopolitical risks jointly suppressing market sentiment.

On the daily chart, after a brief shakeout from the staged high on April 21, MET’s price has been oscillating in the 0.17–0.19 USDT range. The 0.17 USDT level has served as strong medium-term support multiple times, while the 0.185–0.190 USDT zone forms a clear resistance. The MACD histogram has retreated from its peak and is close to the zero axis, while trading volume is gradually shrinking, indicating a short-term slowdown in upward momentum. If MET can hold above 0.17 USDT and trading volume picks up, a renewed mid-term rally is likely. Conversely, a break below this level would warrant caution as market sentiment may deteriorate further.

Metformin

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