加密市场季度观察

In the second quarter of 2025, the cryptocurrency market faces short-term adjustments, but multiple positive factors may drive a rebound in the second half of the year:
1. **Policy Support**: The Trump administration has included BTC, ETH, SOL, and others in the U.S. cryptocurrency reserves and is promoting stablecoin legislation to enhance institutional confidence.
2. **Improved Liquidity**: Global central banks are shifting towards monetary easing, with M2 money supply growth; historical data shows a correlation with cryptocurrency trends.
3. **Technical Upgrades**: The Solana Fire Dancer testnet enhances performance, Ethereum Layer 2 activity is increasing, and the ecosystem continues to optimize.
4. **Market Recovery Expectations**: Institutions like Coinbase predict stabilization by the end of Q2, with a rebound potentially in Q3; the stablecoin market capitalization reaching a new high ($218 million) indicates a return of funds.
In the short term, macro risks need attention, but long-term structural opportunities still exist.

The decentralization's radiation to other so-called traditional industries is just a matter of time. Digital currencies, represented by Bitcoin, essentially act as a catalyst—digital currencies and their core technology, blockchain, will cause decentralization to explode at an unprecedented speed. Great things are destined to have exceptionally difficult journeys: the world's largest Bitcoin exchange, Mt.Gox, declared bankruptcy on February 28, 2014, after 850,000 Bitcoins (worth about 25.5 billion RMB at that time) were "stolen completely."

The market has been twisted like a pretzel these past couple of days. What do you think we should do? Repeatedly making a few hundred points in a short time must be exhausting.
In unsuitable market conditions, it’s best to spend less energy participating. The short point at 86900 and the long point at 82500 that I’ve mentioned before haven’t materialized for several days.
If they don’t come, they don’t come. It’s not like we’ve lost a lot of money or gone bankrupt.
Our trading style is: precise points + small stop-loss to aim for large swings. The common strategy in the market is to use thousands of points for stop-loss and mindlessly average down like a Martingale strategy. It’s mindless, simple, and easy to profit, but I’d rather spend more time researching points than issue such strategies. More waiting, more exercising patience. Don’t participate if it’s not suitable!

#加密市场季度观察
Mysterious and unpredictable, if investors manage their positions well and only trade in large market cap varieties, it should be much easier, at least without the risk of delisting.
The current market is indeed thrilling, with frequent large ups and downs, making it hard to navigate. Investors should reasonably control their positions, buy low and sell high, so they can adapt to changes without being affected. Having too large a position can easily lead to massive losses. For quality varieties, gradually building positions by buying more as prices drop and selling at highs is the correct strategy.
Recently, big news has been frequent, and the likelihood of the market bottoming out is increasing. If positions are controlled well, continuously buying low and selling high to lower costs will continuously reduce risks.

#加密市场季度观察

The cryptocurrency market this quarter has been disturbed by Trump's tariff policy, delivering a not-so-ideal report card.

If Trump's tariff policy is negotiated successfully, and the economy returns to a normal track, a new round of upward trends is expected.

On the contrary, if the chaos continues, we may revert to the dire situations of the past economic depression, resulting in very polarized outcomes.

However, today's environment is different from before, so it may not be comparable, and other solutions may emerge to change the current economic stalemate.

April 2025 Bitcoin Market Analysis, covering price fluctuations, correlation with gold, future predictions, influencing factors, and investment advice.

1. Bitcoin Price Fluctuations and Reasons: In April, Bitcoin's price fluctuated between $83,000 and $85,200, without breaking the resistance level of $86,000. Macroeconomic factors such as the number of US unemployment benefit applications, Federal Reserve policies, comments from Trump, and European Central Bank interest rate cuts affected market sentiment and Bitcoin prices. Technically, Bitcoin is at a critical 'turning point,' and different analysts have varying opinions on its trend.

2. Bitcoin's Correlation with Gold: On April 17, gold prices rose to a new high of $3,357. Historical data shows that after gold reaches a new high, Bitcoin usually breaks its previous high within 100 to 150 days, as seen in the market performances of 2017 and 2020. This correlation arises from their complementary roles during periods of economic uncertainty and is related to the maturity of the Bitcoin market.

3. Future Predictions for Bitcoin: Anonymous analyst apsk32 predicts that based on the 'power law curve time profile' model, Bitcoin will experience parabolic growth in the second half of 2025, with a target price of $400,000. The Bitcoin halving effect and institutional accumulation also support its long-term optimistic outlook, although there are risks such as 'expectation overextension.'

4. Policy Factors Influencing Bitcoin: US tariff policies are driving global inflation, which may lead the Federal Reserve to restart quantitative easing, reinforcing Bitcoin's anti-inflation properties and highlighting its decentralized advantages. However, tariffs also trigger market fluctuations, resulting in significant price volatility for Bitcoin.

5. Investment Advice: Investors may consider a combination of physical gold and mainstream cryptocurrencies, while paying attention to emerging market bonds. Bitcoin's long-term value is influenced by regulation and technology, with 2025 to 2026 potentially being a critical period.

#加密市场季度观察 Today's cryptocurrency market fluctuates, with Bitcoin's price rebounding to $84,283, up 0.38% in 24 hours, while Ethereum is priced at $1,601, down 2%. The US Bitcoin ETF saw a net outflow of $170 million yesterday, continuing a seven-day trend of outflows that increase market pressure. The US SEC has postponed the approval of Grayscale's Ethereum ETF staking, maintaining regulatory uncertainty. Stablecoin trading volume has surpassed Visa for the first time in 2024, indicating market activity. The Fear and Greed Index stands at 29, reflecting a fear sentiment. Standard Chartered predicts stablecoin supply will reach $2 trillion by 2028. UBS analysts warn that if Bitcoin falls below $82,000, it may drop further.

In the first quarter of 2023, the overall cryptocurrency market showed a trend of fluctuating upward movement. Bitcoin broke its historical high driven by ETF capital inflows, with Ethereum following closely behind and performing strongly. The Layer 2 ecosystem continues to expand, and on-chain activity is increasing. At the same time, projects combining AI and blockchain are attracting significant attention, becoming a new trend. In terms of regulation, the United States is tightening its scrutiny of the cryptocurrency industry, but this also leads to increased compliance expectations. Overall, market confidence is warming, capital is gradually flowing back, and the characteristics of a structural bull market are emerging.

#加密市场季度观察 sol is on fire again. The issuance of the first Solana spot ETF in Canada (launched by 3iQ) marks further recognition of the Solana ecosystem by mainstream financial markets, significantly pushing its price to outperform Bitcoin and Ethereum in the short term. This event reflects the market's ongoing focus on high-performance public blockchain tracks (such as high throughput and low fees) and highlights the direct stimulating effect of institutional capital entering the crypto assets. However, Solana still needs to address network stability controversies and expand richer application scenarios to validate long-term value support and avoid over-expectation of short-term benefits.

#加密市场季度观察 Now the only thing left to watch in the market is SOL! Sad monkey market!
Today's market highlights to focus on:
1. Bitcoin is experiencing short-term fluctuations and adjustments, CEX trading enthusiasm continues to be sluggish, Ethereum is expected to pull back to 1500 today.
2. Here's a joke: Trump again criticized the Federal Reserve last night, directly pointing to Powell as 'slow to act and making wrong decisions', emphasizing that now is the best time to cut interest rates, even saying 'firing him would not be too much'.
3. Currently, the hottest memes and popular projects are almost all concentrated on Solana, performing much stronger than other public chains, and the preferred choice for long positions remains $SOL, consider entering in the 125–130 range.

Q1 2025 Cryptocurrency Market Observation
Market Trends
1. AI Tokens and Meme Coins Dominate the Market:
In Q1 2025, AI tokens and meme coins continued to attract significant market attention, becoming major investment themes. This trend indicates a strong interest from investors in emerging technologies and entertainment assets.
2. Decline in Total Value Locked in DeFi:
Due to the general decline in altcoin prices, the Total Value Locked (TVL) in decentralized finance (DeFi) decreased by 27.5% in the first quarter, a reduction of $48.9 billion.
3. Decline in CEX Spot Trading Volume:
The spot trading volume of the top 10 centralized exchanges (CEX) fell to $5.4 trillion in Q1, a decrease of 16.3% compared to the previous quarter.
4. Market Sentiment and Capital Flow:
Despite a surge in market sentiment in January, concerns about economic recession had a severe impact on the market, leading to a loss of $633 billion in the cryptocurrency market in the first quarter.

Major Events
1. Global Tariff Policies and Macroeconomic Uncertainty:
The implementation of global tariff policies and potential escalations intensified negative sentiment, and traditional risk assets continued to face pressure in a tightening fiscal environment, with this macroeconomic uncertainty directly transmitting to the crypto market.
2. Surge in Major Bankruptcy Cases in the U.S.:
Major bankruptcy cases in the United States surged by 49% in Q1 2025, the highest level since 2010. This wave of bankruptcies can be attributed to various economic factors, including rising interest rates and inflationary pressures.
3. Decrease in Rug Pull Incidents but Increased Destructive Power:
Although the Web3 ecosystem has lost nearly $6 billion due to such incidents since the beginning of 2025, the number of “Rug Pull” events has decreased compared to the same period in 2024.

Influencing Factors
1. Economic Policies and Central Bank Decisions:
The cryptocurrency market has once again become part of the macroeconomy, with economic policies, central bank decisions, and geopolitical events all directly affecting the performance of digital assets.
2. Technological Improvements and Infrastructure Enhancements:
Coinbase improved Solana's infrastructure through asynchronous trading and bare-metal servers, increasing block processing throughput by 5 times and RPC performance by 4 times. These technological improvements significantly enhanced Solana's performance and user experience.
3. Intrinsic Market Risks:
Leverage and shrinking trading volumes are major manifestations of intrinsic market risks, which have exacerbated market volatility.

#加密市场季度观察 gm

In the vast world of cryptocurrencies, the current landscape presents a subtle situation. The total market value of cryptocurrencies (TOTAL) and Bitcoin (BTC) resemble a steady giant ship, maintaining stability amidst market waves. Although they have not been able to break through key resistance levels, they have also not been easily shaken by market fluctuations, consistently hovering below their respective key resistance levels, maintaining a delicate balance.

#加密市场季度观察 mentions decentralization, and many people worry that it will be like a loose sand, unable to unite people's hearts, unable to confront centralized organizations, and unable to defeat dark forces. How can people instantly understand the necessity, reliability, and unstoppable momentum of decentralization? Decentralization has already been widely practiced abroad and has achieved great success.

#加密市场季度观察
In the second quarter of 2025, the cryptocurrency market exhibited complex dynamics.
After the total market value fell to $2.8 trillion in the first quarter, there was a slight rebound at the beginning of the second quarter, but it remained significantly affected by macroeconomic uncertainties and experienced high volatility.
Bitcoin's dominance solidified, with a market share of 60.6%, and its price hovered around $85,000, outperforming most altcoins.
Solana performed impressively due to the launch of Canada's first Solana ETF and an on-chain meme frenzy, with prices rising 36% from the first quarter's low.
Ethereum continued to lag, with its market share dropping to 7.3%, a five-year low, partly attributed to a lack of innovation and a slowdown in DeFi activity.
AI-related crypto projects like ALCH and dark maintained their popularity, showing significant price increases, reflecting the market's enthusiasm for the AI sector.
Trading volume declined, with the spot trading volume on centralized exchanges decreasing by 16.3% compared to the first quarter.
Market sentiment remained cautious, with Coinbase's monthly report recommending defensive strategies, but it is expected that the market may stabilize in the latter half of the second quarter, laying the groundwork for a rebound in the third quarter.
In terms of regulation, the U.S. policy is expected to be lenient, which could drive institutional capital inflows.
Overall, the market is becoming increasingly fragmented, necessitating attention to opportunities in Solana and the AI sector while remaining vigilant about the risks of economic recession. #加密市场季度观察 $BTC

#加密市场季度观察 Latest News, one of the founders of Pi Network,
Dr. Nkokkalis will attend the 2025 Consensus Conference in Toronto from May 14 to 16,
and will be a guest speaker! Explore the revolutionary
ecosystems of blockchain, artificial intelligence, Web3, and Pi with global
leaders. President Trump's son Eric Trump, Executive Director of the White House Presidential Digital Asset Advisory Council Robert Hines, and other industry leaders will also participate in the conference.
These industry leaders will speak at Consensus 2025, one of the most influential events in the cryptocurrency field.
Don’t miss the opportunity to witness Pi Network's impact on
decentralized finance!
This also proves once again the global influence of PI, after all,
one of the largest Web3, cryptocurrency, and artificial intelligence conferences in the world,
Consensus 2025, has added Pi Network as an official
sponsor, and such sponsorship qualifications are not something that just any project can obtain.
This global conference has listed Pi Network as an official sponsorship partner.

Latest data for #加密市场季度观察 : Solana exceeded 15 billion dollars in DEX trading volume over 7 days, surpassing all other chains, including Ethereum! Now you know where the wealth code lies, right? Solana can maintain such high-efficiency trading without congestion on the chain; whether it's issuing tokens or investing in meme coins, there will always be a group of people making money!

As of April 2025, the crypto market shows significant differentiation: Bitcoin's decline is relatively limited (less than 20%) due to institutional accumulation and its 'digital gold' properties, while the total market capitalization of altcoins has plummeted by 41% from the peak in December 2024. Venture capital scales have shrunk by 50%-60%, market sentiment is cooling, entering the early stage of a 'crypto winter.' On a macro level, expectations for Federal Reserve interest rate cuts are intertwined with geopolitical policy games. The crypto reserve policy promoted by Trump after the U.S. elections has temporarily boosted some tokens, but global tariff escalations and liquidity tightening continue to suppress risk appetite. From a technical perspective, both Bitcoin and the COIN50 index have fallen below the 200-day moving average, confirming bear market signals. However, public chains like Solana continue to attract ecological development through performance upgrades (such as the Firedancer testnet TPS exceeding 100,000), injecting resilience into the market. Institutions predict that the market may stabilize by the end of Q2 2025, with a potential rebound in Q3, but caution is needed regarding large-scale token unlocks and the short-term selling pressure brought about by regulatory uncertainties.

#加密市场季度观察
In the second quarter of 2025, the cryptocurrency market exhibited complex dynamics.
After the total market capitalization fell to $2.8 trillion in the first quarter, there was a slight rebound at the beginning of the second quarter, but it remained highly volatile due to macroeconomic uncertainties.
Bitcoin's dominance solidified, with a market share of 60.6%, and its price hovered around $85,000, outperforming most altcoins.
Solana performed excellently due to the issuance of Canada's first Solana ETF and the on-chain meme craze, with prices rising 36% from the low in the first quarter. Ethereum, on the other hand, continued to be sluggish, with its market share dropping to 7.3%, a five-year low, partly attributed to a lack of innovation and a slowdown in DeFi activities.
AI-related cryptocurrency projects like ALCH and dark maintained their popularity, showing significant gains, reflecting the market's enthusiasm for the AI sector.
Trading volume decreased, with centralized exchange spot trading volume down 16.3% compared to the first quarter.
Market sentiment is cautious, and Coinbase's monthly report suggests defensive strategies, but it is expected that the latter part of the second quarter may stabilize, laying the groundwork for a rebound in the third quarter.
In terms of regulations, U.S. policy is expected to be lenient, potentially driving institutional capital inflow.
Overall, the market is becoming more polarized, requiring attention to opportunities in Solana and the AI sector while remaining vigilant about the risks of economic recession.

In the second quarter of 2023, the cryptocurrency market showed a complex dynamic. After the total market capitalization fell to $2.8 trillion in the first quarter, there was a slight rebound at the beginning of the second quarter, but it still faced significant fluctuations due to macroeconomic uncertainties. Bitcoin's dominance solidified, with a market share of 60.6%, and its price hovered around $85,000, outperforming most altcoins. Solana performed brilliantly, rising 36% from its first quarter low, due to the launch of Canada's first Solana ETF and an on-chain meme frenzy. In contrast, Ethereum continued to be sluggish, with its market share dropping to 7.3%, a five-year low, partly attributed to a lack of innovation and a slowdown in DeFi activity.