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You can consider adding to your short position around $ZKJ 0.29. This recent pump is mainly driven by spot trading activity on Bybit, creating a strong FOMO (Fear of Missing Out) among retail traders. The current turnover rate is super high, with a lot of chips scattered around, and there's no solid fundamental support. There's a strong resistance level at 0.03, and if the trading volume drops, we could see a quick pullback.
Strategy is stacking more Bitcoin again.
Michael Saylor, as usual, dropped that orange dot on X, and the market is interpreting it as a 'bullish signal.' But this time, what I see isn’t confidence; it's a giant stuck in a flywheel, trying to keep it spinning at increasingly higher costs.
1. The Truth Behind the Accumulation
Let’s look at the data:
Strategy currently holds about 650,000 BTC, which is 3.1% of the total BTC supply, with an average acquisition price of around $67,458. Year-to-date, BTC has returned 16.9%.
On the surface, Saylor’s 'diamond hands' strategy has indeed made money. But the question is: how does he maintain this accumulation pace?
The answer is: issuing debt, preferred stock, and perpetual preferred stock.
2. Financing Costs Are Eating Up the Flywheel
Alex Xu from Mint Ventures recently revealed a key piece of data:
The financing rate for Strategy’s perpetual preferred stock (STRC) has skyrocketed to 11.5%, and it’s about to switch from monthly to bi-weekly interest payments.
What does this mean?
The annual burden of preferred stock dividends is estimated to reach $750 million to $800 million.
The company’s traditional software business generates about $100 million in quarterly revenue, which is far from enough to cover the dividends.
This doesn’t even include the interest on convertible bonds.
3. What This Means for BTC?
Strategy is the largest publicly traded holder and net buyer of BTC, and its fate is deeply tied to BTC’s performance.
Good news:
Saylor is holding firm and not selling any coins; currently, the financial situation is far from a meltdown.
With $1.4 billion in reserves, they can last at least 12 months.
Bad news:
Rising financing costs will inevitably slow down the buying pace.
Once the mNAV stays below 1 for too long, the flywheel will officially fail.
As the largest buyer of BTC, a slowdown in their buying pace itself creates marginal selling pressure.
#SaylorStrategy #Strategy增持比特币
Michael Saylor, as usual, dropped that orange dot on X, and the market is interpreting it as a 'bullish signal.' But this time, what I see isn’t confidence; it's a giant stuck in a flywheel, trying to keep it spinning at increasingly higher costs.
1. The Truth Behind the Accumulation
Let’s look at the data:
Strategy currently holds about 650,000 BTC, which is 3.1% of the total BTC supply, with an average acquisition price of around $67,458. Year-to-date, BTC has returned 16.9%.
On the surface, Saylor’s 'diamond hands' strategy has indeed made money. But the question is: how does he maintain this accumulation pace?
The answer is: issuing debt, preferred stock, and perpetual preferred stock.
2. Financing Costs Are Eating Up the Flywheel
Alex Xu from Mint Ventures recently revealed a key piece of data:
The financing rate for Strategy’s perpetual preferred stock (STRC) has skyrocketed to 11.5%, and it’s about to switch from monthly to bi-weekly interest payments.
What does this mean?
The annual burden of preferred stock dividends is estimated to reach $750 million to $800 million.
The company’s traditional software business generates about $100 million in quarterly revenue, which is far from enough to cover the dividends.
This doesn’t even include the interest on convertible bonds.
3. What This Means for BTC?
Strategy is the largest publicly traded holder and net buyer of BTC, and its fate is deeply tied to BTC’s performance.
Good news:
Saylor is holding firm and not selling any coins; currently, the financial situation is far from a meltdown.
With $1.4 billion in reserves, they can last at least 12 months.
Bad news:
Rising financing costs will inevitably slow down the buying pace.
Once the mNAV stays below 1 for too long, the flywheel will officially fail.
As the largest buyer of BTC, a slowdown in their buying pace itself creates marginal selling pressure.
#SaylorStrategy #Strategy增持比特币
Mint Ventures research partner Alex Xu publicly stated something: he reduced his BTC position from full to 30%.
This isn't an emotional move; it's a conclusion drawn from a fundamental check-up. He listed six reasons:
Insufficient driving energy: The narrative from geek experiments to institutional allocations has played out, and the next wave needs to hit sovereign balance sheets, which is too challenging.
Increased opportunity cost: Found quite a few solid companies with attractive prices.
Overall industry slump: Most Web3 models have been disproven, and DeFi is also shrinking.
Rising financing costs for strategies: Perpetual preferred stock rates have reached 11.5%, with interest payments every two weeks.
Gold closing the gap: Tokenized gold is indistinguishable from BTC in terms of divisibility and portability.
Security budget issues: Post-halving fee source exploration has basically failed.
This isn't bearish on BTC; it's a reevaluation.
He mentioned that BTC remains one of his larger holdings, but it requires continuous monitoring of fundamental changes. If the reasons for negativity loosen or new factors arise, he will buy back in.
This isn't an emotional move; it's a conclusion drawn from a fundamental check-up. He listed six reasons:
Insufficient driving energy: The narrative from geek experiments to institutional allocations has played out, and the next wave needs to hit sovereign balance sheets, which is too challenging.
Increased opportunity cost: Found quite a few solid companies with attractive prices.
Overall industry slump: Most Web3 models have been disproven, and DeFi is also shrinking.
Rising financing costs for strategies: Perpetual preferred stock rates have reached 11.5%, with interest payments every two weeks.
Gold closing the gap: Tokenized gold is indistinguishable from BTC in terms of divisibility and portability.
Security budget issues: Post-halving fee source exploration has basically failed.
This isn't bearish on BTC; it's a reevaluation.
He mentioned that BTC remains one of his larger holdings, but it requires continuous monitoring of fundamental changes. If the reasons for negativity loosen or new factors arise, he will buy back in.
Open positions at $AKE are rising, CVD is strong, volume ratio = 1.92x
Let's check out how the coins picked by my AI are performing.
Let's check out how the coins picked by my AI are performing.
$BTC High position pullback risk increases, can $AAVE reverse in adversity?
BTC long/short ratio drops to 0.52, bears dominate; ETH/SOL/BNB bulls are in charge, AAVE shows resilience in the eye of the storm.
1. BTC: 66% bears on the scene, $78k becomes a key resistance level.
As of now, BTC long/short ratio is 0.52, with bulls only occupying 34%, clearly dominated by bearish forces. Recently, Bitcoin faced resistance and pulled back near $78k, and the CME gap ($80k-$84k) remains unfilled, creating a strong wait-and-see sentiment in the market.
Recommendation: Be cautious about chasing longs in the short term, with support levels to watch in the $72k-$74k range.
2. ETH: Bulls hold 54%, looking to break above $2,000.
ETH long/short ratio is 1.18, with bulls slightly in the lead. Recently, Ethereum's Meme season is back, and ecosystem heat is rising; if it can hold above $2,000, it is expected to restart an upward trend. Support at $1,850 and resistance at $2,100.
3. AAVE: The contrarian in the storm.
AAVE suffered a $10 billion run due to the rsETH vulnerability incident, yet the long/short ratio remains at 1.13 (with bulls at 53%), indicating some market confidence in its long-term value. Recommendation: Aggressive traders might consider a light long position at support, with a stop-loss set 5% below recent lows.
4. Recommended tokens:
BNB - Long/short ratio 1.92, bulls dominate, Binance ecosystem continues to thrive.
SOL - Long/short ratio 1.64, boosted by Meme season excitement, ecosystem flourishing.
AAVE - Under pressure in the short term but fundamentals remain, suitable for gradual accumulation.
BTC long/short ratio drops to 0.52, bears dominate; ETH/SOL/BNB bulls are in charge, AAVE shows resilience in the eye of the storm.
1. BTC: 66% bears on the scene, $78k becomes a key resistance level.
As of now, BTC long/short ratio is 0.52, with bulls only occupying 34%, clearly dominated by bearish forces. Recently, Bitcoin faced resistance and pulled back near $78k, and the CME gap ($80k-$84k) remains unfilled, creating a strong wait-and-see sentiment in the market.
Recommendation: Be cautious about chasing longs in the short term, with support levels to watch in the $72k-$74k range.
2. ETH: Bulls hold 54%, looking to break above $2,000.
ETH long/short ratio is 1.18, with bulls slightly in the lead. Recently, Ethereum's Meme season is back, and ecosystem heat is rising; if it can hold above $2,000, it is expected to restart an upward trend. Support at $1,850 and resistance at $2,100.
3. AAVE: The contrarian in the storm.
AAVE suffered a $10 billion run due to the rsETH vulnerability incident, yet the long/short ratio remains at 1.13 (with bulls at 53%), indicating some market confidence in its long-term value. Recommendation: Aggressive traders might consider a light long position at support, with a stop-loss set 5% below recent lows.
4. Recommended tokens:
BNB - Long/short ratio 1.92, bulls dominate, Binance ecosystem continues to thrive.
SOL - Long/short ratio 1.64, boosted by Meme season excitement, ecosystem flourishing.
AAVE - Under pressure in the short term but fundamentals remain, suitable for gradual accumulation.
#今日市场观点
Bitcoin has been hovering around 75000 today, looks like we're mainly in a consolidation phase. Last night, BlackRock kept buying, and the inflows over 8 days have broken a 3-month record, which is a positive signal. However, negotiations in Iran have taken a turn, oil prices are rebounding, and Bitcoin is feeling the pressure, so we should expect range-bound trading in the short term.
Keep an eye on a few points:
Tonight's US stock market opening
Whether BlackRock's ETF inflows can continue
The Iran ceasefire agreement expires on April 22, which is a key time window
Altcoins have been showing some movement these past two days, but the divergence is quite severe. The directions I mentioned earlier: Binance-related, CZ-related, and low market cap coins with high control, are still the mainstream. Remember to set stop losses; in this kind of market, things can change rapidly.
Trading suggestions:
Short-term: Bitcoin is oscillating in the 73000-76000 range, focus on selling high and buying low. Altcoins: Look for strong performers, but definitely don't chase highs, set stop losses. Mid-term: Buy Bitcoin on dips; there shouldn't be too much of a problem.
Bitcoin has been hovering around 75000 today, looks like we're mainly in a consolidation phase. Last night, BlackRock kept buying, and the inflows over 8 days have broken a 3-month record, which is a positive signal. However, negotiations in Iran have taken a turn, oil prices are rebounding, and Bitcoin is feeling the pressure, so we should expect range-bound trading in the short term.
Keep an eye on a few points:
Tonight's US stock market opening
Whether BlackRock's ETF inflows can continue
The Iran ceasefire agreement expires on April 22, which is a key time window
Altcoins have been showing some movement these past two days, but the divergence is quite severe. The directions I mentioned earlier: Binance-related, CZ-related, and low market cap coins with high control, are still the mainstream. Remember to set stop losses; in this kind of market, things can change rapidly.
Trading suggestions:
Short-term: Bitcoin is oscillating in the 73000-76000 range, focus on selling high and buying low. Altcoins: Look for strong performers, but definitely don't chase highs, set stop losses. Mid-term: Buy Bitcoin on dips; there shouldn't be too much of a problem.
A certain exchange company is testing two AI agents developed by former executives:
Fred: Based on co-founder Fred Ehrsam, specializing in document optimization and strategic planning.
Balaji: Based on former CTO Balaji Srinivasan, dedicated to providing innovative ideas.
These AI agents will be integrated into the company's internal communication system, allowing employees to consult and discuss with them at any time, just like talking to real executives.
Previously, they launched the Agentic Wallet, enabling AI to autonomously execute on-chain transactions;
at the same time, they are promoting the x402 protocol to build a payment infrastructure dedicated to AI.
This attempt by XXbase may trigger imitation across the entire crypto industry.
Tokens focused on AI themes:
$LINK $TAO $NEAR
Fred: Based on co-founder Fred Ehrsam, specializing in document optimization and strategic planning.
Balaji: Based on former CTO Balaji Srinivasan, dedicated to providing innovative ideas.
These AI agents will be integrated into the company's internal communication system, allowing employees to consult and discuss with them at any time, just like talking to real executives.
Previously, they launched the Agentic Wallet, enabling AI to autonomously execute on-chain transactions;
at the same time, they are promoting the x402 protocol to build a payment infrastructure dedicated to AI.
This attempt by XXbase may trigger imitation across the entire crypto industry.
Tokens focused on AI themes:
$LINK $TAO $NEAR
#交易记录 300U Game Challenge Day 1: 310U->460U->170U
Based on the changes in positions, I made two trades, $BR and $OG , both at about 25% position, 10x leverage, and they were all executed as limit orders, with good entry points.
The main loss was on $HEMI , and I realized something was wrong, so I manually stopped the loss.
Currently it's a halving, should I switch to a challenge to zero? The smaller the capital, the more cautious one must be, I can't go all in, and I need to strictly adhere to drawdowns and stop losses; it's all about practicing my mindset.
Based on the changes in positions, I made two trades, $BR and $OG , both at about 25% position, 10x leverage, and they were all executed as limit orders, with good entry points.
The main loss was on $HEMI , and I realized something was wrong, so I manually stopped the loss.
Currently it's a halving, should I switch to a challenge to zero? The smaller the capital, the more cautious one must be, I can't go all in, and I need to strictly adhere to drawdowns and stop losses; it's all about practicing my mindset.
I was blown up twice in three days by $RAVE , leaving only over 300 U. Let's play a game, I will also challenge 300 U to 3 WU, let's see how many days I can play.
To be honest, the market today makes people a bit anxious. Bitcoin has once again fallen below the key level of 68,500, and is now hovering around 67,836. The old coin XRP is quickly nearing the psychological barrier of 1.35, and it feels like the support is about to break down.
The most concerning aspect is the $171 million net outflow of Bitcoin ETF in a single day, which is the largest single-day outflow in three weeks. To be honest, this number is a bit frightening. But thinking carefully, there was still a net inflow of $250 million in ETFs over the past month, so this feels more like a "technical adjustment" rather than a "panic sell-off". Seasoned investors know that institutional funds coming in and out is quite normal; the key is to look at the long-term trend.
I think at this position, rather than calling it a bear market, it is more like a "bottoming period". Bitcoin has already dropped quite a bit from its peak, but compared to traditional financial markets, the volatility is still relatively controllable. Moreover, from a technical perspective, Bitcoin has been in a sideways trend for almost 50 days now; such a sideways movement is either a continuation of a downward trend or a signal of bottoming.
The most concerning aspect is the $171 million net outflow of Bitcoin ETF in a single day, which is the largest single-day outflow in three weeks. To be honest, this number is a bit frightening. But thinking carefully, there was still a net inflow of $250 million in ETFs over the past month, so this feels more like a "technical adjustment" rather than a "panic sell-off". Seasoned investors know that institutional funds coming in and out is quite normal; the key is to look at the long-term trend.
I think at this position, rather than calling it a bear market, it is more like a "bottoming period". Bitcoin has already dropped quite a bit from its peak, but compared to traditional financial markets, the volatility is still relatively controllable. Moreover, from a technical perspective, Bitcoin has been in a sideways trend for almost 50 days now; such a sideways movement is either a continuation of a downward trend or a signal of bottoming.
Using a script to filter daily potential tokens, calling Binance API for real-time data, currently debugging and verifying.
============================================================
🔍 Binance U-based contract comprehensive analysis tool v3.0
Function: Price rise and fall + OI change + CVD + Comprehensive score
============================================================
🔥 High scoring opportunities (comprehensive score ≥ 60):
• MEMEUSDT: Score=83 | 5m=+1.60% | CVD positive=Yes
• GRIFFAINUSDT: Score=80 | 5m=-0.04% | CVD positive=No
• BRUSDT: Score=67 | 5m=+2.44% | CVD positive=Yes
• XNYUSDT: Score=63 | 5m=+0.09% | CVD positive=Yes
============================================================
🔍 Binance U-based contract comprehensive analysis tool v3.0
Function: Price rise and fall + OI change + CVD + Comprehensive score
============================================================
🔥 High scoring opportunities (comprehensive score ≥ 60):
• MEMEUSDT: Score=83 | 5m=+1.60% | CVD positive=Yes
• GRIFFAINUSDT: Score=80 | 5m=-0.04% | CVD positive=No
• BRUSDT: Score=67 | 5m=+2.44% | CVD positive=Yes
• XNYUSDT: Score=63 | 5m=+0.09% | CVD positive=Yes
$BTC Discussion about the market bottom:
The fear and greed index plummeted to 24 (extreme fear)
Total market cap dropped to $2.33T
Bitcoin shows strong support at $68K, but other major coins are bleeding severely: ETH (-10%) SOL (-9%)
RSI average line at 36.9, entering oversold territory
The key thing to watch is whether the $65K-$68K area can hold...
The fear and greed index plummeted to 24 (extreme fear)
Total market cap dropped to $2.33T
Bitcoin shows strong support at $68K, but other major coins are bleeding severely: ETH (-10%) SOL (-9%)
RSI average line at 36.9, entering oversold territory
The key thing to watch is whether the $65K-$68K area can hold...
Today's key focus tokens:
1. $SIREN (Rank 3)
24-hour trading volume: $2.92 billion +1216.86%
Position amount: $42.07 million -15.61%
Long/Short ratio: 1.0838 (slightly bullish)
Liquidation data: Long liquidation $959.9 thousand, Short liquidation $2.77 million
2. $BR (Rank 12)
24-hour trading volume: $422 million +1719.53%
Position amount: $4.19 million +62.89%
Long/Short ratio: 1.0416 (slightly bullish)
Liquidation data: Long liquidation $636.1 thousand, Short liquidation $1.08 million
3. $JCT (Position movement rank 1)
Total position: $8.14 million
5-minute change: +1.40%
30-minute change: +16.46%
1-hour change: +8.38%
4. $BANANAS31 BANANAS31/USDT (Rank 19)
24-hour trading volume: $264 million +2387.76%
Position amount: $45.38 million +79.61%
Long/Short ratio: 1.0576 (slightly bullish)
Liquidation data: Long liquidation $130.8 thousand, Short liquidation $603.0 thousand
Key Insights:
SIREN - Price surged 24%, trading volume skyrocketed 12 times, but position amount decreased
BR - Price increased by 8%, trading volume surged 17 times, position amount increased significantly by 63%
BANANAS31 - Trading volume surged 24 times, position amount exploded by 80%
JCT - Ranked first in position movement, significant short-term growth
1. $SIREN (Rank 3)
24-hour trading volume: $2.92 billion +1216.86%
Position amount: $42.07 million -15.61%
Long/Short ratio: 1.0838 (slightly bullish)
Liquidation data: Long liquidation $959.9 thousand, Short liquidation $2.77 million
2. $BR (Rank 12)
24-hour trading volume: $422 million +1719.53%
Position amount: $4.19 million +62.89%
Long/Short ratio: 1.0416 (slightly bullish)
Liquidation data: Long liquidation $636.1 thousand, Short liquidation $1.08 million
3. $JCT (Position movement rank 1)
Total position: $8.14 million
5-minute change: +1.40%
30-minute change: +16.46%
1-hour change: +8.38%
4. $BANANAS31 BANANAS31/USDT (Rank 19)
24-hour trading volume: $264 million +2387.76%
Position amount: $45.38 million +79.61%
Long/Short ratio: 1.0576 (slightly bullish)
Liquidation data: Long liquidation $130.8 thousand, Short liquidation $603.0 thousand
Key Insights:
SIREN - Price surged 24%, trading volume skyrocketed 12 times, but position amount decreased
BR - Price increased by 8%, trading volume surged 17 times, position amount increased significantly by 63%
BANANAS31 - Trading volume surged 24 times, position amount exploded by 80%
JCT - Ranked first in position movement, significant short-term growth
2026 will be a year of explosive growth for AI-themed tokens, with alternating rises and falls.
Today there are 2 that are surging:
1、$AIA
Project Background: DeAgentAI is a decentralized AI agent infrastructure that supports the creation, deployment, and coordination of autonomous agents across multiple blockchains. AIA will launch on the Binance contract market on January 20, 2026, offering up to 20x leverage trading. The target price range for 2026 is $0.11-$0.12
2、$LYN
Everlyn AI is an AI-driven DeFi project on the BSC chain, with the LYN token receiving support for the second round of Binance Alpha airdrop rewards in 2025. On April 6, there will be a large-scale unlocking of 71.5M LYN tokens.
Today there are 2 that are surging:
1、$AIA
Project Background: DeAgentAI is a decentralized AI agent infrastructure that supports the creation, deployment, and coordination of autonomous agents across multiple blockchains. AIA will launch on the Binance contract market on January 20, 2026, offering up to 20x leverage trading. The target price range for 2026 is $0.11-$0.12
2、$LYN
Everlyn AI is an AI-driven DeFi project on the BSC chain, with the LYN token receiving support for the second round of Binance Alpha airdrop rewards in 2025. On April 6, there will be a large-scale unlocking of 71.5M LYN tokens.
See translation
比特币巨鲸又开始买入了。
市场现在一片恐慌，可背后大户却悄悄动手。根据Santiment数据，持有10到10000枚BTC的钱包占比已经升到68%，价格也回到7.1万美元附近。
有意思的是，几天前价格冲到7.4万时，很多巨鲸还在抛售，现在又杀回来了——明显是把7.1万当成好入场点。
不过得注意：历史上BTC真正见底，不是大户买得多，而是小散户扛不住开始割肉。现在分析师都在盯着散户会不会减持。
一句话，恐慌的时候大资金反而在布局。老玩家都懂，这往往就是下一波行情的信号。
市场现在一片恐慌，可背后大户却悄悄动手。根据Santiment数据，持有10到10000枚BTC的钱包占比已经升到68%，价格也回到7.1万美元附近。
有意思的是，几天前价格冲到7.4万时，很多巨鲸还在抛售，现在又杀回来了——明显是把7.1万当成好入场点。
不过得注意：历史上BTC真正见底，不是大户买得多，而是小散户扛不住开始割肉。现在分析师都在盯着散户会不会减持。
一句话，恐慌的时候大资金反而在布局。老玩家都懂，这往往就是下一波行情的信号。
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