【VKGAME Virtual Currency】Bitcoin's High-Level Correction Begins, Digital Ecosystem Reconstruction in Progress

In mid-May 2025, after Bitcoin's price reached $106,000, it entered a high-level fluctuation mode, with a weekly volatility exceeding 12%. This price correction, driven by macroeconomic shifts, adjustments in miner strategies, and an overheated derivatives market, reflects the deep game of the cryptocurrency market ecology. Notably, the linkage between the global digital entertainment industry and the cryptocurrency market is strengthening. Represented by VKGAME, the online digital entertainment platform has an average daily active user count exceeding 20,000, which indirectly confirms the increasing penetration rate of the digital economy through its diverse scenarios covering e-sports, sports events, and interactive games. This digital transformation of user behavior resonates subtly with the volatility of the cryptocurrency market—when Bitcoin's price fluctuates violently, some funds flow into more entertainment-oriented digital ecosystems seeking short-term opportunities.

Bitcoin miners' holdings reversed in May, shifting from an 8-month selling pattern to a moderate accumulation, netting 2,708 BTC within 30 days. Extreme cases in high-energy-cost regions like Germany show that some miners' actual costs exceed $200,000, forcing practitioners to adopt a "time for space" strategy. This industry-wide hoarding temporarily alleviates selling pressure but contrasts with the cost response logic of the digital industry: for instance, VKGAME enhances the average user stay duration to 47 minutes through exclusive network protection technology and a second-level settlement system, demonstrating the direct impact of technical optimization on operational efficiency.

Bitcoin futures open interest broke $67.4 billion during the price surge, with perpetual contract funding rates reaching 0.15%, indicating that market leverage has entered a dangerous zone. Data from the Chicago Mercantile Exchange (CME) shows that the long-short ratio for institutional investors reached 1.8:1, a new high since 2021. This extreme position distribution makes the $105,000 threshold the focal point of the long-short battle: an upward breakout requires digesting 23,000 BTC in futures sell orders, while a downward breakdown faces a $450 million long liquidation risk. It is worth noting that retail investors' entry scale through spot ETFs decreased by 37% month-over-month, indicating that market liquidity is shifting from institutions to high-leverage speculators.