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Golden Ten Data reported on May 15 that investors are concerned that if UK Prime Minister Starmer is forced to step down, he may be succeeded by a more left-leaning Labour leader who could increase public borrowing. This would put additional pressure on the UK's already fragile fiscal situation and impact the bond and foreign exchange markets. Henry Cook, Senior European Economist at MUFG Bank, said: "The prospect of a potentially turbulent leadership transition, combined with the still-challenging fiscal environment before the autumn, could dampen market sentiment. We believe that the risks to the UK economic outlook are clearly tilted to the downside."

According to on-chain analyst Ai Yi's monitoring, address 0x082…dca88 went long on 1.38 million HYPE with 5x leverage (worth $63.5 million), opening the position at $38.676. This position nearly lost all profits when HYPE's price dropped to around $38, but now has recovered with an unrealized gain of over $10.2 million.

BlockBeats News, May 15th. The valuation of the U.S. stock market continued to rise, with the Shiller P/E Ratio reaching a new high of 42.18, approaching the historical peak of 44.19 during the 1999 Internet bubble. This ratio, based on smoothed long-term earnings, is used to measure the overall market valuation level. Currently, driven by the artificial intelligence sector, U.S. stocks have reached one of the most expensive ranges in the past 25 years. Analysts point out that although high valuation itself does not directly indicate an imminent market downturn, it significantly increases sensitivity to earnings and macro data "margin of safety." Once there is a slight underperformance in the fundamentals, the market may amplify its volatility response. Historical comparisons show that after the burst of the 2000 Internet bubble, the SP 500 index fell by about 50% in two years and did not return to its previous high until 2007. The report also mentioned that under the current valuation structure, non-cash flow assets such as Bitcoin appear "cheaper" in terms of relative pricing dimensions, which may attract some asset reallocation inflows in the event of changes in risk preference in the future, but the relevant trends remain highly uncertain. Overall, the current market environment is more akin to a fragile equilibrium stage driven by high valuation, rather than a low-valuation range supported by broad fundamentals.