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(1) On Tuesday, data from the European Central Bank showed that the usage of the overnight loan facility was zero, while the usage of the overnight deposit facility reached as high as 2,189,997 million euros, equivalent to approximately 2.19 trillion euros. (2) This is slightly down from the previous day's 2,237,292 million euros but remains at an extremely high level, reflecting that financial institutions in the eurozone prefer to deposit large amounts of funds at the central bank for minimal interest, rather than invest in risk assets. (3) Meanwhile, the current account holdings stood at 184,941 million euros, higher than the previous day's 172,559 million euros. (4) From a market sentiment perspective, the zero usage of the overnight loan facility for two consecutive days, combined with the extraordinarily high deposit facility usage, indicates that risk-averse sentiment remains strong. Although expectations of a peace agreement at the start of the week briefly boosted risk appetite, ongoing geopolitical uncertainties are causing financial institutions to remain highly cautious. As a result, a substantial amount of idle funds is parked on the central bank's balance sheet, and both credit expansion and appetite for risk asset allocation remain subdued.

BlockBeats News, May 26th. Analyst Murphy stated that the current BTC market status can be observed through the "Short-Term On-Chain Activity Value Weight" (i.e., the percentage of on-chain dollar value carried by short-term chips turnover). This indicator reflects the latest speculative, arbitrage, profit-taking, or panic selling and other short-term trading behaviors. Currently, this weight has dropped to a historically low level, only seen in the bottom area of a bear market in the past 15 years. This implies a significant decrease in short-term turnover, with economic value moving towards long-term chip accumulation, indicating that the market is in a phase of low volatility, accumulation, or clear bottom features. The analyst believes that based on this, the current market may be in one of three stages: the bottom of a bear market; a secondary bottom, possibly with one last drop to go; or the accumulation before the start of a bull market. However, a rational judgment can temporarily exclude the pre-bull market accumulation. It is currently not recommended to go all-in on a single scenario. It is suggested to adopt a diversified position strategy to deal with different outcomes. The relative position of the long-term trend has indicated that Bitcoin is near the bottom.

Jinse Finance reported that on May 26, Bitwise announced its subsidiary Bitwise Europe GmbH launched the Bitwise Canton ETP (BWCC) and listed it on the electronic spot trading platform Deutsche Börse Xetra. This allows trading through regular brokerage accounts and aims to provide exposure to the native token CC of the Canton Network.