#### Today's market overview: Bitcoin hits a historic high, FOMO sentiment rises

- Bitcoin breaks $110,000: This morning, BTC peaked at $110,830, with a market cap of $2.15 trillion, ranking among the top five global assets, far surpassing giants like Amazon.

- Liquidation data surges: Over 120,000 people liquidated within 24 hours, with short position losses reaching $260 million, and the largest single liquidation at $5.04 million (Binance-ETH), market volatility is intense.

- Trump's endorsement boosts: Trump celebrates BTC's new high on Truth Social, his namesake meme coin TRUMP sees a recent surge in popularity, with some holders invited to a White House dinner, further stimulating the market.

---

#### Four core logic driving this bull market

1. Regulatory dividends explode

- The U.S. (GENIUS Act) passes Senate voting, providing a compliance framework for stablecoins, and the market size is expected to expand to $2.5 trillion, benefiting DeFi assets like Ethereum and Solana.

- Hong Kong (stablecoin regulatory draft) passes third reading, compliant stablecoins may be implemented by the end of the year, attracting global capital into the Asian market.

2. Institutional funds continue to increase

- BlackRock's BUIDL fund reaches $2.88 billion, with 95% allocated to the Ethereum ecosystem; MicroStrategy invests another $760 million to acquire 7,390 BTC, significantly improving institutional holding cost advantages.

- The total scale of Bitcoin ETFs exceeds $250 billion, Goldman Sachs raises the target price to $125,000, and Standard Chartered predicts it could reach $200,000 by the end of the year.

3. Geopolitical and macroeconomic benefits

- Easing of U.S.-China tariffs and peace talks in Ukraine reduce risk premiums, with capital shifting from traditional markets to crypto assets for hedging.

- U.S. Treasury yields soar and the dollar weakens, reinforcing Bitcoin's narrative as 'digital gold'.

4. Technological upgrades and active ecosystems

- Ethereum completes the Pectra upgrade, transaction costs decrease by 30%, staking annual yields may rise to 8%-10%, and DeFi locked value rebounds to $221.7 billion.

- The Solana ecosystem explodes, TPS exceeds 60,000, Meme coin PEPE increases by over 100% this month, collaborating with Starbucks to promote real-world applications.

---

#### Predictions for the next phase of explosive sectors and potential coins

1. Ethereum ecosystem (ETH, UNI, AAVE)

- Core logic: The Pectra upgrade enhances performance, BlackRock's RWA layout + ETF approval expectations heat up, with a target price looking at $2,800-$3,000.

- Sub-sector:

- DeFi: Uniswap (DEX leader, TVL accounts for 97%), Aave (lending protocol upgrade);

- RWA: Ondo Finance (a BlackRock collaboration project), Mantle (modular L2);

- NFT: Azuki (weekly trading volume increased by 226%), Pudgy Penguins (IP commercialization breakthrough).

2. Solana ecosystem (SOL, JUP, BONK)

- Core logic: High throughput + low fees attract Meme coins and institutional applications, with a target price of $1,000.

- Potential projects:

- Jupiter (JUP): The largest DEX aggregator on Solana, capturing ecological traffic;

- Bonk (BONK): Community-driven Meme coin, recently integrating multi-chain wallet functions;

- io.net (IO): Decentralized GPU network, a dark horse in the AI track.

3. Meme coins and celebrity effects (TRUMP, PEPE, MUSK)

- Core logic: The Trump dinner event catalyzes, TRUMP coin holders receive White House invitations, and the B coin with a daily increase of 500% may be one of these.

- Strategy suggestion: Participate with light positions (≤5% allocation), set a 20% stop loss, and pay attention to on-chain whale movements and social media trends.

4. Bitcoin Layer 2 and staking protocols (STX, CKB, EIGEN)

- Core logic: The demand for Bitcoin ecosystem expansion surges, Stacks (STX) supports smart contracts, and EigenLayer's staking protocol TVL exceeds $10 billion.

---

#### Risk warnings and operational suggestions

- Short-term correction risks: BTC daily RSI is overbought, if it falls below the support at $108,000, it may trigger a deep adjustment, with a suggested stop loss set below $105,000.

- Position management: 60% in mainstream coins (BTC 40%, ETH 20%), 30% in altcoins (SOL, DOT, etc.), and keep 10% cash to handle volatility.

- Compliance and safety: Prioritize licensed exchanges (Binance, Coinbase) and store large assets in hardware wallets.

---

Conclusion: This bull market is driven by the threefold forces of 'policy + technology + institutions'. After Bitcoin stabilizes at $110,000, funds may rotate towards Ethereum, Solana, and the Meme sector. It is recommended to focus on compliance and ecological innovation while being cautious of irrational FOMO-driven buying.

#BTC #ETH #SOL #TRUMP #Binance

（Disclaimer: This article does not constitute investment advice, the market has risks, and decisions should be made cautiously.）