Bitcoin once reached 105,000 USD, becoming the core of the current market. With small cryptocurrencies like PIRATE PIPPIN leading the charge, the meme concept coin GORK also staged a second surge; however, ALPACA MAX performed poorly, leading the market decline. Liquidation data shows that around the current price level, the liquidation amount for long positions far exceeds that for short positions, indicating high market leverage risk, and it is recommended to control positions to cope with volatility. On the macro front, high-level Sino-U.S. economic and trade talks have made breakthrough progress, with both sides establishing a consultation mechanism, releasing strong positive signals. At the same time, the Brazilian city of Belo Horizonte is promoting legislation for 'Bitcoin City', planning to fully accept cryptocurrency payments and education, as global crypto adoption accelerates.
