At the time of writing, Bitcoin is temporarily priced at $102,547, but it dipped to $100,733 at 2 AM, seemingly an attempt by the main force to clear some leverage. Whether BTC can maintain a stable position above $100,000 and further break through resistance to set a new historical high is worth our continued attention.
Today, U.S. stocks surged significantly, with risk sentiment high, but Bitcoin fell against the trend by 2.2%, dipping below $101,000 at its lowest, appearing out of place. There are no obvious macroeconomic negatives; although U.S. Treasury yields have risen and interest rate cut expectations have weakened, the stock market remains strong, and on-chain data does not show significant selling. The stock of $BTC on exchanges has slightly decreased, indicating no systemic risk.
Given the rising rates of U.S. Treasury auctions and the declining bid-to-cover ratio, some investors may have shifted to liquidate cryptocurrency holdings for short-term U.S. Treasuries during the strong U.S. stock market, putting temporary pressure on BTC. However, the turnover rate is low, the support zone has not been broken, and there is no panic in the market; investors remain cautiously optimistic about BTC's long-term trend.
MicroStrategy, the dominant holder of Bitcoin among U.S. listed companies, announced yesterday (12th) that the company purchased 13,390 bitcoins for $1.34 billion between May 5 and May 11, with an average purchase price of $99,856.
After this additional purchase, the company's total Bitcoin holdings have reached 568,840 bitcoins, with a total purchase cost of $39.41 billion, and the average purchase price per Bitcoin is $69,287.
The Comeback Script for Altcoins: From 'Falling Followers' to 'Beneficiaries of the Agreement'
1. History Repeats: The ICO Frenzy During Tariff Easing Period
In March 2025, after the U.S. announced a reduction in the tariff range, Solana (SOL) and Dogecoin (DOGE) surged 8% and 7.8% in a single day, far exceeding Bitcoin's 3% increase. Prior to this agreement, Ethereum had already risen 39% weekly, and the HTX Research report shows that the leverage ratio of altcoins is still in a safe range, laying the groundwork for a second explosion.
2. Three Benefiting Tracks
Payment Tokens: XRP and Stellar (XLM) are seeing a surge in demand for cross-border settlement, with the 'local currency settlement pilot' clause in the agreement potentially acting as a catalyst.
DeFi Leaders: Uniswap (UNI) and Aave (AAVE) benefit from liquidity injections into stablecoins, with TVL increasing by 15% weekly.
AI + Blockchain: Fetch.ai (FET) and Render (RNDR) Ride the Narrative of 'China-U.S. Technology Cooperation', Acquired by Wall Street Quant Funds.
3. Risk Warning: Before the details of the agreement are clear, supply chain concept coins (like VeChain) may face 'profit-taking' selling pressure, and caution is needed regarding the risk of small and mid-cap tokens going to zero.
Which coin still has a significant rebound opportunity now? I am optimistic about it!
With the arrival of the altcoin season, chaos ensues; Pepe, ETHFI, and moodeng have all doubled in price, and the number of coins with rebound opportunities is dwindling. I currently see potential in the Ethereum staking ecosystem coin OZK; we previously received many airdrops from it, and after a week of correction following good news on May 7, there are signs of accumulation at the bottom. Let's see if it can form a double bottom rebound, approaching the neckline around 0.0019.
ETH and PEPE have surged very strongly; congratulations to those already on board. However, we previously took profits from Pepe, so I won't chase after it now. I am still patiently waiting for a rebound to re-enter the market.
Puffer is finally going to Binance... it's taken too long to get here, but thankfully it didn't disappoint and is finally listed!
