When Bitcoin breaks through $110,000 in the Asian market and countless people cheer for financial freedom, Wall Street traders are staring at another set of data, sweating profusely—US Treasury auctions are dismal, with a 10-year subscription multiple of only 2.3, the lowest level since the 2008 financial crisis. This is not just a simple bull market, but a dangerous capital escape.
1. Surface carnival: institutions are pouring in, the stablecoin bill becomes an 'accelerator'
- 72 hours surge of 23%, Bitcoin hits an all-time high, but the real drivers are not retail investors, but institutional funds from Wall Street.
- Giants like BlackRock and Morgan Stanley urgently form crypto teams, and Goldman Sachs is even reported to have bought over $500 million in BTC in a single day.
- The stablecoin bill unexpectedly provides a 'boost': the market was originally worried about tightened regulations, but the bill instead allows institutions to see compliance entry opportunities, with USDT's market cap surging 40% in three months (breaking $100 billion).
2. Hidden danger: countdown to the US debt crisis, is Bitcoin becoming a 'safe-haven casino'?
- US Treasuries are being abandoned by global buyers, the latest auction went unanswered, and the Federal Reserve may be forced to restart QE (quantitative easing).
- Historical patterns warn: in the 2013 Cyprus crisis and the March 2020 circuit breaker, Bitcoin once fell more than 40% in a single day due to liquidity crises.
- Leverage rates are off the charts: BitMEX's open contracts exceed $5 billion, and the market has entered a 'high-risk tightrope walking' stage.
3. The most dangerous signal: giant whale movements, 11% premium on South Korean exchanges
- A mysterious address sold 30,000 BTC (worth $3.3 billion) in half an hour; on-chain data monitoring shows that this batch of BTC may come from a cold wallet of a bankrupt exchange.
- An 11% premium appears on South Korea's Upbit, retail investors are crazily chasing prices, but history shows that extreme premiums often signal a peak (refer to the 2021 Coinbase premium collapse).
Ultimate warning
"When everyone thinks this is an opportunity to get rich, smart money is quietly leaving the market." - A hedge fund partner revealed that some institutions have started shorting BTC options to hedge risks.
"If the US debt crisis erupts, will Bitcoin rise like gold, or collapse like a risk asset?" The answer may lie in the next 72 hours.
How long do you think this bull market can last?
✅ It can still rise, institutions have just entered the market!
⚠️ Dangerous, whale sell-offs are a signal!
💣 Countdown to collapse, run away!
Leave your judgment in the comments, and the latest data will be revealed in 24 hours! $BTC
