The Federal Reserve's benchmark interest rate decision on Thursday has a 99.9% chance of remaining unchanged. It is estimated that BTC will move up and down slightly as Bao speaks, and then it will end! Players who play contracts should remember to take profit and stop loss! At the same time, the Trump Group said yesterday that the company plans to launch an exchange-traded fund (ETF) that will invest in both Bitcoin and Ethereum. The company has submitted an application to the U.S. Securities and Exchange Commission, which is the second cryptocurrency ETF application submitted by the company in less than two weeks!

According to documents submitted to the U.S. Securities and Exchange Commission, 75% of the funds in this new cryptocurrency ETF will be allocated to Bitcoin, and the remaining 25% will be used to purchase Ethereum! If approved, the fund will join the ranks of many cryptocurrency ETFs. Since its issuance, the Bitcoin ETF listed in the United States has accumulated a net inflow of US$45.6 billion. According to statistics, the number of Bitcoins held by spot Bitcoin ETFs has accounted for 25% of the global Bitcoin trading volume, showing that the global market is optimistic about Bitcoin! From recent observations, in the past eight weeks, Bitcoin ETFs have attracted a net inflow of about US$11.2 billion, but the price of the currency has only increased by about 10%. This mild rise may indicate that some investors are taking the opportunity to sell, or waiting and waiting to re-enter the market.

As for the current market as a whole, the bullish logic remains solid: the Bitcoin market has formed sustained buying support. Although the source of funds has rotated, ETFs have not seen sustained net outflows.

Compared with Trump's campaign, MicroStrategy's pace of increasing positions has slowed down, but the steady inflow of funds still provides solid bottom support for Bitcoin prices!

Even if Ethereum wants to be strong, it has no choice but to rely on the performance of Bitcoin. As soon as Bitcoin falls back, Ethereum will not be able to withstand it. Therefore, only when Bitcoin gets better can Ethereum be better. Currently, the main adjustment is linked to Bitcoin.

On the primary side, Pumpfun, a platform that calls itself the "Solana Meme Coin Engine," is simply shameless. It issued tokens to raise funds at a time when liquidity was the worst, with a valuation of up to 4 billion. This is not innovation, nor empowerment, but a naked liquidity plunder and a crazy bloodsucking of the Solana ecosystem!

Treat SOL as an ATM and let retail investors take over?

Pumpfun is the biggest parasite in the cryptocurrency world. Since its launch in January 2024, Pumpfun has never stopped selling coins. According to on-chain monitoring, it has sold 503,343 $SOL, with a value of approximately US$787 million, with an average selling price of approximately US$156.

Pumpfun's financing plan exposes its eagerness to cash out. As of January 2025, more than 6 million meme coins have been launched, but less than 0.005% of them have a market value > 1 million US dollars. 98.7% of the tokens are dead without a burial place. Every day they are either cutting people or preparing to cut people. The pump casino is simply a beast.

What’s even more outrageous is that the total market value of all meme coins on Pump is only $500 million more than the amount of funds they raised this time.

Ironically, the platform's daily revenue has dropped sharply from $15 million at its peak to a few million dollars, user activity has been halved, and the number of newly issued tokens per day has plummeted from 70,000 to 30,000. After draining liquidity, http://Pump.fun has left the market with nothing but a mess.

at last

In today’s cryptocurrency world, too many people hold a lot of cryptocurrency but are caught in a dilemma: when there is no market, they can only wait passively, but when the market comes, they don’t know how to allocate their positions and miss the opportunity.