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⑴ European Central Bank Governing Council member Santos Pereira stated clearly on Saturday that the current core concern is inflation, and action must be taken "the sooner the better" to avoid greater second-round shock effects. ⑵ Citing historical lessons, he said that once an inflation spiral forms, he is more inclined toward "rapid and decisive" intervention, hinting that next week's ECM meeting may not rule out the possibility of supporting a rate hike. ⑶ The final decision will be anchored to the latest ECM member country data and price trends. Market expectations for a June rate move have risen sharply, and short-term volatility in the euro faces a reassessment. ⑷ From a trading psychology perspective, the council member issuing a hawkish signal in advance is aimed at guiding the market to digest the tightening path, preventing a later phase of passive tightening from triggering a liquidity crunch.

Michael van de Poppe, founder of MN Trading Capital, posted on X stating that Bitcoin is currently at a critical price level. If the $71,000 support is broken, it could further retrace to below $65,000. He pointed out that the 200-day moving average is near $61,000, and dropping further makes no sense, as it never leads to good outcomes in any market cycle. He also mentioned that the current market structure is different from the decline in February, when range resistance failed to convert into support.

According to ChainCatcher, citing Coinglass data, if BTC falls below $70,301, the total long liquidation amount on major CEXs will reach $712 million. Conversely, if BTC breaks above $77,065, the total short liquidation amount on major CEXs will reach $691 million.