1️⃣ The institution's 'infinite game': Saylor has won big
No matter how much they shout about a decline outside, the data doesn't lie. MicroStrategy (Strategy Inc.) currently holds 650,000 BTC, with a cost of only $74k, now with a floating profit of 19.3% (about $9.35 billion).
👉 Logic: As long as Saylor doesn't sell, the bottom for Bitcoin is here. Those short sellers calling for a pullback to $60k might be disappointed.
2️⃣ Vitalik's new trick: Ethereum Gas futures?
V God (Vitalik)'s latest proposal suggests establishing a 'decentralized Gas futures market'.
This is not a simple technical upgrade; it aims to turn Gas fees into tradable 'commodities'! This is super favorable for L2 projects, as they can lock in Gas costs in the future.
👉 Key Point: The fundamentals of ETH are becoming stronger; don't just focus on the price.
3️⃣ ⚠️ Fraud Warning: Don’t buy the wrong financing from Kyo Finance!
In terms of news, the cross-chain protocol Kyo Finance announced the completion of financing with a valuation of $1 billion.
❌ Warning: There are many namesake shitcoins on-chain (like $KYO on Solana); that's not the real deal! Legitimate projects haven't issued tokens yet, so don't rush in to buy worthless coins.
4️⃣ Bears are roaring: Michael Burry's 'One Ring'
(Big Bear) Prototype Michael Burry is scaring people again, posting a 'One Ring' meme to mock AI and the crypto market as a bubble, saying it will replay the crash of 2000.
👉 Opinion: Just listen. He also called for a downturn when it was at $20k.
Market Analysis
BTC - Building momentum at high levels for a decisive move
Formation: After a spike at $87,688 on the 15-minute chart, it quickly retraced, indicating strong buying pressure below. Currently oscillating around $90,900, with a tightening Bollinger Band.
Strategy: As long as it doesn't break $89,200 (Bollinger lower band), continue to look bullish. The resistance level above is $91,700; a breakout will lead to new horizons.
ETH - Leading the rebound, triple bottom formation
Formation: Compared to Bitcoin's sideways movement, Ethereum has formed a beautiful 'triple bottom' ($2,620 -> $2,800 -> $2,900), with the bottom continuously rising.
On-chain Activity: The legendary 'BTC OG insider whale' has increased its holdings by over 50,000 ETH.
Strategy: $3,150 is a critical watershed! If it stabilizes here, the target points directly to $3,400. Now is an excellent entry point with a great risk-reward ratio.
💡 Personal Thoughts
When the fear index is at 24, what you need to do is overcome fear.
The current market is very polarized: on one hand, MicroStrategy's billions in floating profits, on the other, macro bears' doomsday warnings.
But remember: bull markets often have sharp drops, while bear markets have prolonged declines. Such high-level sharp drops often aim to shake off weak hands.
📢 Let's chat in the comments:
Vitalik says quantum computers will crack Bitcoin by 2028; do you think this is alarmist or something to genuinely worry about? 🤔
