Bitcoin breaks through $98,000
The cryptocurrency market saw unusual movements, with the price of Bitcoin briefly breaking through the $98,000 mark, rising to $98,379, a new high since late February. The price surge may have been caused by Trump's revelation that he had reached a tariff agreement with a major country, which stimulated market sentiment.
Technical aspects
Bitcoin is in the key resistance zone of $95,600-100,000. The 4-hour chart shows a consolidation phase, and the narrowing of the Bollinger Bands indicates that a change is imminent. If it breaks through $95,600 (the upper track of the Bollinger Band), it may trigger a "squeeze breakout" market, with the target directly at the psychological level of $100,000.
Other mainstream currencies have not yet reacted and have instead fallen slightly.
Ethereum: $1,823, down 1.03% in the past 24 hours
XRP: $2.12, down 1.91%
BNB: $602.41, down 0.26%
SOL: $147.8, down 0.78%
Where does Bitcoin’s confidence come from?
Unlike the drastic fluctuations of traditional assets, Bitcoin has remained stable in the $92,000-97,000 range recently. On-chain data reveals three core supports:
Long-term holders remain on hold: Over the past month, the proportion of Bitcoin "sleeping addresses" (long-term unmoved holdings) has continued to rise, indicating that most early investors are still optimistic about the market outlook, and the selling pressure mainly comes from short-term profit-taking.
The cost range is highly concentrated: dense chips have accumulated in the current price range, forming a natural support. Once it falls below, a large number of buying orders will quickly enter the market to support the bottom, while an upward breakthrough may trigger short covering.
Institutional demand is surging: Although the inflow of funds into spot ETFs has been temporarily suspended, the volume of open contracts in the derivatives market remains high, indicating that large funds are still planning for the medium and long term.
Ethereum Pectra has been successfully upgraded, but there has been little market reaction.
ETH successfully broke through 1850, up about 3.2% from the previous value (1796), and the bullish momentum is fierce! The K-line bearish signal has disappeared, and the short-term moving average has risen strongly, indicating strong upward momentum, but we need to be vigilant against the selling pressure of high-level profit-taking.
If ETH stabilizes at 1850 and breaks through 1900 with large volume, the target will be 1950-2000; if it falls below 1850, it may fall back to 1800-1820. Trading volume is the key, and the upward trend can be expected if the volume does not decrease.
Alpha Dark Horse: $BANK Explodes
The previously deployed Binance alpha project BANK has recently seen a sudden surge, with a single-day increase of more than 40%. The following is an analysis of the core fundamentals of the project:
The project is positioned as a Bitcoin liquidity financial layer solution, supporting multi-chain and multi-protocol interactions, and belongs to the Bitcoin L2 ecosystem.
The financing background is led by Binance and endorsed by leading institutions.
The issuance method is to conduct token public offering (TGE) through Binance Wallet.
The current locked amount on the chain is 1,040 BTC, equivalent to approximately US$100 million.
Token Model
Total circulation: 2.1 billion
TGE circulation ratio: 20.25%
Fully diluted market value (FDV): $122 million
Current Market Cap (MC): $24.7 million
The project has the characteristics of high control and low market value, and its secondary market trend is stable.
Currently, BANK has been launched on Binance alpha platform and contract trading, but has not yet been launched on Binance spot trading and Korean exchange. It is worth noting that BANK, AIOT, and#B2have performed well on Binance alpha platform and are likely to become the next batch of candidate targets to be listed on Binance spot and Korean exchange.
In terms of personal holding strategy, AIOT and#B2occupy a large position, while BANK is allocated 10,000 US dollars. Investors are advised to purchase the above tokens through the Binance alpha platform, which can not only participate in investment, but also accumulate platform points.
SUI is the most enjoyable on-chain financial management chain I have used in the past half month, and it has the strongest DEFI effect at present
As I mentioned before, I bought some cetus and Sui at the bottom in April and got an 80% profit difference, but I still chose to do LP in MMTFinance for part of my funds. I got almost 10% of the profit in half a month, and I can also get points.
Since 2.3U, the liquidity has been reorganized three times, and the upper limit has been exceeded three times, and the price difference and mining rewards have been taken.
After the first rise and break through 3U, I automatically withdrew LP from the range. Later, the price of SUI stabilized between 3.1-3.8. Every time it fell to 3.2U, I re-entered. I usually set the lower limit of the range to 5% and the upper limit to 10%. The overall average APR is around 300%. I roughly calculated the mining income. The cost of 5000U can produce about 40U per day.
Mikami crash: Midnight harvest of memecoin
$Mikami, the meme coin issued by Yua Mikami, opened in the middle of the night, taking advantage of retail investors' sleep to cut a wave of stocks, leaving you no way to escape. When I woke up in the morning, I found that the market value of 50m had dropped directly to 7.8m without a turn, a drop of almost 10 times. How should I put it? I mentioned before that they are backed by Ronaldinho's trading team, so it was expected.
Binance official tweeted that $gorill was mentioned again this morning
It originally fell back to 3m, and now it is 7m. When Xiaomei mentioned it yesterday, it was 4m. Although it is the Tiktok narrative, it is said to be separated from the Binance narrative, but I feel that it is still not completely separated. It goes up when it is called, and it falls when it is not called. The narrative that Sol chain did not make was successfully reborn on bnbchain. The community recognized it, and it ate traffic from China and abroad. Binance helped it wait for the flowers to bloom.
Liushuilonger Gorillas just briefly surpassed the market value of the donkey before retreating sharply.
Today's Dragon 2 is most likely to be: $ZOO Zoo
The first dragon is always there, but the second dragon is always changing. I hope that Brother Donkey will lead the BSC ecosystem meme to a new high.
The fresh airdrop is still hot, KaitoAI users with more than 69 Yaps are eligible!
This airdrop is for the token FAKE of socialsrising, a project under the Penguin Chain AbstractChain ecosystem. The specific amount you can get is not yet known, but the operation is super simple:
1. Click on their official Discord link first;
2. Complete account verification (regular verification);
3. Then find the post called "Yappers gonna eat" in the announcements channel;
4. Just post a screenshot of your Yaps in the comments and you’re done!
At present, it seems that they are just counting the qualifications first. The actual issuance of coins, how to claim them, and when they will be issued still need to wait for official notification from X. Now two hours have passed, and less than 100 people have submitted screenshots. Those who act quickly will get the meat, and there will definitely be more and more in the future!
To be honest, Kaito is so awesome, it is truly a representative of inclusive projects, no wonder its token has skyrocketed!
