Weekly Crypto Market Snapshot
• IoTeX bridge hacked, ~$2M lost due to leaked private keys. Security matters.
• Step Finance, SolanaFloor, and Remora Markets shut down after a $27M exploit and failed fundraising.
• 429k BTC accumulated between $60K–$70K. Strong buyer demand during the pullback.
• Altcoins historically retrace 70–90% after cycle highs as liquidity exits and narratives fade.
• Large holders accumulated 819M ADA (~$214M) over the past six months.
• MicroStrategy’s short interest reached $4.85B. Potential short squeeze risk if BTC rallies.
• NVIDIA beat Q4 revenue expectations and gave strong Q1 guidance. GPU demand remains high.
• Strategy will not sell Bitcoin, instead using BTC as collateral for financial instruments.
• Wall Street now recommends allocating 0.5–5% of portfolios to Bitcoin as a strategic component.
• US and Israel military operations against Iran triggered risk-off movements in crypto markets.
