Afternoon market briefing: the main narrative remains cautious. CoinDesk says BTC is still trading below $60,000; a stronger U.S. dollar and Strategy’s possible plan to sell bitcoin continue to weigh on risk appetite. At the same time, the European MiCA deadline is approaching, and some crypto firms are reassessing regulation-related moves such as relocating to places like Dubai. My take is that the market’s near-term moves aren’t missing stories—they’re missing confirmation: if BTC can’t effectively reclaim key levels, any altcoin rebound looks more like sentiment-driven repair. However, regulatory relocation and compliance licenses will continue to reshape longer-term tracks such as exchanges, custody, and RWA. #BTC #加密市场 #监管