This week, the market will welcome multiple key events. Tokens such as ZK, ZKJ, and ARB will successively undergo large unlocks, with ZK's unlock scale reaching as high as $39 million, which is expected to exert certain pressure on market liquidity and token prices. Additionally, MicroStrategy founder Michael Saylor will update Bitcoin holding tracking information again, and the market speculates that his company may announce a new increase plan, attracting widespread attention.
From the Bitcoin liquidation heat map, if the price rises, there are large and extra-large short positions waiting to be liquidated in the $106,100-$109,350 range; if the price falls, there will be liquidation pressure for long positions in the $104,200-$100,400 range. Overall, this week's market may be affected by both the wave of unlocks and the capital game, increasing volatility, so operations should remain cautious.
From the Ethereum liquidation heat map, when the price rises, there are many short positions waiting to be liquidated in the $2,560-$2,660 range; when it falls, there is liquidation risk for long positions in the $2,484-$2,392 range. These data indicate that investors need to be cautious of the risks associated with price fluctuations.
A few views on future trends
Regarding the so-called 'M Top' structure, I do not agree that we are currently at the historical market peak. From the trend perspective, the market is still in a hesitant oscillating upward phase, with a significant distance from the true top and emotional climax.
Bitcoin previously rose for 7 consecutive weeks, reaching new highs. A correction of 3-5 weeks is a normal adjustment. During the correction, it is not impossible for the price to briefly drop below $100,000, but the probability of dropping below $90,000 is relatively low. Structurally, Bitcoin has shown 'U.S. stock-like' characteristics—dominated by liquidity logic, with current U.S. stock liquidity driving BTC to experience structural supply-demand imbalances. Therefore, there is no need to fear Bitcoin's high prices; referencing the long bull trend of the Nasdaq, there is still room for growth in the long term.
Ethereum's recent trend has been relatively stable, showing certain characteristics of independent market behavior. If BTC completes its adjustment and breaks through new highs again, altcoins are likely to experience a wave of temporary opportunities. However, it should be noted that the overall market is still constrained by global liquidity policies, and the window for altcoin trends may be relatively limited, requiring precise grasp of the rhythm.
The liquidity crisis surrounding ZKJ and KOGE has sparked heated discussion
The End of Binance Alpha's Liquidity Feast: A Deep-Seated Problem Triggered by an 'Avalanche'
Accompanied by the rapid decline of liquidity, the recent hot market of the Binance Alpha project has reached a turning point, and the multiple underlying market issues hidden behind it are gradually being exposed:
Dilemma of Retail Investors Intensifies
The sharp decline in the Alpha project's returns and the high cost of score manipulation have led to a gradual exit of a large number of retail investors, with user activity showing a significant turning point.
Large holders arbitrage, retail investors take over
Some large holders have preemptively positioned themselves in popular projects like ZKJ and KOGE, taking advantage of LP incentives to enjoy liquidity bonuses. As funds are gradually withdrawn, retail investors passively take over at high positions, becoming the biggest victims in this round of volatility.
Binance Urgently Adjusts Policy
In the face of liquidity risks and fluctuations in user sentiment, Binance Wallet announced the cancellation of LP point incentives, aiming to block the blind takeover behavior of 'latecomers'. To some extent, this is a 'closing the barn door after the horse has bolted' type of stop-loss operation.
Overall, the retreat of the Alpha project is not only a backlash from an imbalanced incentive mechanism but also reveals that the asymmetric game between institutions and retail investors in the current DeFi environment remains sharp.
Currently, the on-chain liquidity pool for ZKJ and KOGE has less than $20,000 left, and in three days, ZKJ will face a 1.55% token unlock, posing a high risk for bottom fishing.
The market speculates that this crash may be due to wild speculation or market maker operations, and the project party may not be the direct driving force, but the underlying motives still require more information verification. In a market with abundant liquidity, speculators are like wolves seeking profit, and retail investors need to be particularly cautious.
Meme Coin Craze: $LABUBU: Could it become the next $PEPE?
In the current hot meme market, $LABUBU has quickly emerged as a focal point of investor attention. Whether it can challenge $PEPE and reach a market cap of $1 billion has become a central topic of market discussion.
$LABUBU's core advantages are mainly reflected in the following aspects:
Cultural Value Support
Relying on the globally popular cultural IP image that has been cultivated for ten years, $LABUBU has a large fan base overseas, with deep cultural consensus, injecting long-term vitality into the project.Healthy Chip Structure
After multiple rounds of washing out positions to zero, the chips have become highly concentrated, with a high proportion of retail holdings, making the overall structure closer to SHIB's early trend, accumulating energy for future explosions.Strong Technical Aspects
The K-line trend has been continuously oscillating upwards over the past six months, showing a robust trend, with excellent technical performance attracting the attention of market leaders.Good Coordination of Sentiment and Capital
In the current context of the meme sector's 'quick in and out' type of trading exhausting the market, $LABUBU possesses a stronger brand consensus and narrative story, making it a preferred choice for capital to shift to mid-to-long-term targets.
Overall, $LABUBU is at a critical point of market attention and structural consensus. If it can leverage this momentum to break through, it may have the potential to take the lead in the next wave of meme frenzy, succeeding $PEPE.
Additionally, what I am most looking forward to these days is that WLFI will issue tokens soon. While altcoins and meme coins have opportunities, it is necessary to select targets carefully and avoid blindly chasing high prices. Investors should remain rational, beware of liquidity traps, and grasp the market rhythm.
