BTC ETH This week's market review and update suspension explanation
The update was paused for three days to mourn our compatriots who tragically perished in the Hong Kong fire.
May the deceased rest in peace, may the living be strong, and may sorrow not reappear!
The following is the market review after the incident and the core logic of Friday's market
1. Friday night's rise was led by the stablecoin sector
The ignition point of this round of the market came from stablecoin issuer Circle:
On Friday, the stock price surged over 10%, strongly returning to the $80 range,
which directly drove Coinbase, crypto ETFs, and other U.S. stock chain sectors to rise simultaneously.
This rise is a clear assist from Wall Street:
S&P also downgraded the rating of USDT issuer Tether to the lowest level, which is equivalent to suppressing USDC's biggest competitor, opening up mid to long-term growth space for USDC.
After two months of major washout, Circle's mid to long-term valuation and market share have greater potential.
2. BTC reached my Monday forecast target of 92000
In this wave of fund-driven rebound, BTC's highest point successfully hit around $92,000, aligning with the script prediction I provided on Monday.
This indicates that despite the current weak market structure, the rebound direction of "marginal liquidity + emotional repair" remains clear.
3. The current pullback is a healthy consolidation
The drop from Friday’s close to now is a completely normal technical correction.
The reason is simple:
BTC rose from 80600 to 93000 within a week, with a significant rebound magnitude.
It must consolidate to digest short-term pressure and prepare for the next trend.
4. Clear signals of capital inflow have emerged
Although the overall market is still in a relatively low liquidity stage, the data from the past 10 days has provided key reversal signals:
1. Continuous large net issuance of USDC indicates real capital entering the market.
2. Continuous net inflow into Ethereum ETFs means funds are partially returning, waiting for macro confirmation.
5. Wall Street's clearest main line: ETH
Among all mainstream assets, ETH has the highest institutional friendliness and the most obvious capital preference.
The key variable is:
BitMine's strategic reserve model is rewriting the ecological power structure of ETH:
During the crash, it did not reduce positions but increased them, essentially wiping out other competitors: subsequent discourse power will rapidly concentrate, and institutional certainty over ETH in the mid to long term is enhanced.
Therefore, at this moment, the price of ETH at 3000 still has upward potential.
#加密市场反弹 #美联储重启降息步伐 #ETH走势分析
$BTC $ETH
