Odaily Planet Daily News According to BitMart's market report on May 16, the total market value of the cryptocurrency market is 3.33 trillion US dollars, up 0.73% from the previous day; BTC maintained a high-level oscillation trend, and fell back after reaching a high intraday; ETH's trend was synchronized with BTC; in terms of market sentiment, the fear and greed index was 69, continuing to be in the "greed" range; the comprehensive long-short ratio was 1.02, and bullish sentiment dominated. With Ethereum's short-term high and fall, the altcoin market is facing a sharp correction; the current market is in a high-level consolidation stage, and there are obvious signs of capital rotation. Investors are advised to pay close attention to the trend direction of BTC and changes in the fear and greed index, and be wary of short-term correction risks.