JPMorgan Chase suddenly allowed customers to buy Bitcoin, which directly caused a stir in the cryptocurrency circle! Bitcoin soared to over $110,000 in just a few days, and its market value went straight to $2.2 trillion. This is the first time that traditional financial giants have entered the cryptocurrency market on a large scale, which is equivalent to installing a "Wall Street engine" for Bitcoin. The entire market is waiting to see how this "elephant dance" will change the rules!
How strong is the impact of this wave of operations? Among JPMorgan Chase's 120 million customers, even if only 1% of them enter the market, it will be billions of dollars in real money. BlackRock is even more ruthless, with a position of over 600,000 Bitcoins, and Goldman Sachs and Citigroup followed suit. The head institutions have already grasped 15% of the circulating supply of Bitcoin. As soon as they entered the market, the average daily trading volume of Bitcoin soared to $30 billion, and the volatility was directly halved, from a "gambler's exclusive roller coaster" to a "stable market for institutions." More importantly, the United States has just passed the "GENIUS Stablecoin Act", and compliant stablecoins such as USDC may rise to $2.5 trillion in four years, and the flood of funds has just begun!
But behind the carnival are all hidden reefs: Bitcoin has risen too fast, and technical indicators have turned red. RSI has soared to 72 and may fall back at any time; the SEC is also keeping an eye on altcoins, and the ETFs of Solana and XRP are stuck at any time. If they are classified as "securities", they will collapse; the most dangerous thing is that institutions are too concentrated. If BlackRock sells 100,000 coins, the price can directly collapse by 30%, and retail investors can't escape at all.
How should ordinary people deal with it? Remember three practical tricks: First, stick to mainstream coins. Bitcoin, USDC, and ETH are "safe cards". USDC may increase 10 times with the bill; second, stay away from small currencies. Coins with a market value of less than 100 million have poor liquidity and cannot be sold. They will be cut in minutes; third, use options to save your life. Spend a little money to buy put options, so that you can lose less when it falls.
Is JPMorgan Chase's entry into the market an "adult ceremony" or "beginning of domestication" for cryptocurrencies? Will traditional financial giants turn the cryptocurrency circle into another Wall Street? Chat about your ruthless opinions in the comment section! Forward to your friends in the cryptocurrency circle, follow me, and I will show you how the giants rewrite the rules of the game! #稳定币
