In these two years, the 'wealth-making myth' of the crypto space has almost extinguished!
As long as the stock market gets involved with the 'crypto concept,' it can soar dramatically, but on-chain, it’s a mess—projects hit their peak as soon as they launch, and the retail investors get cut before they even get a chance to grow.
The token issuance team operates on a conveyor belt, constantly innovating marketing just to quickly cut liquidity, even forgetting how many tokens they’ve issued. As a result, Bitcoin struggles to maintain its facade, Ethereum is stagnant, and altcoins are in free fall—typical 'falling with the tide, not rising with it.' The Asian and European markets are left to oscillate through the day; real action must wait for the US market, where institutional and large funds make the real impact.
For retail investors, please don’t scatter your attention everywhere: BTC / ETH / SOL are sufficient; if you want stability, sticking to BTC is fine. Low leverage + strict position control gives you room to slowly recover if the direction is wrong; with altcoins, that’s not the case—often, the moment you place an order, you crash; 'slow is fast'; not playing altcoins helps preserve your principal.
Everyone should be patient; in a boring market, keeping an eye on some market dynamics is beneficial for grasping the next steps.
Of course, today’s most explosive news:
It has to be 'Guotai Junan International obtaining the virtual asset license in Hong Kong.' Don’t underestimate this piece of paper; it can be considered a historic capital storm in the Hong Kong financial market.
In simple terms, Guotai Junan International has officially been approved by the Hong Kong Securities and Futures Commission to upgrade its existing securities license to provide virtual asset trading services. In the future, everyone can legally trade BTC, ETH, and stablecoins on their platform—this is not just a plaything; it’s a solid 'chain reform.'
From the perspective of Web3, this step is significant.
Speaking of the current market situation, to put it simply, the crypto stocks are still in control.
Although Circle finally pulled back last night, the entire market's attention and funds had already shifted from the crypto market to the stock market. Coinbase (COIN) took off last night, surging 13% because they announced: they are providing crypto integration services for 200 financial institutions worldwide—this is no longer just an exchange; it's building a bridge between the traditional and crypto worlds.
Not only COIN, but there are also many other 'crypto stocks' that have surged this round. For instance, Eyenovia, which has reserves of $HYPE, saw its stock price soar by 65% overnight.
For example, Nano Labs publicly reserves $BNB, which jumped directly from $10 to over $30 last night. Although it faced a bit of a cooldown after opening, it still rose about 40% overall.
Currently, there are over 20 companies known to reserve BTC, 3 for ETH, 4 for SOL, 2 for HYPE, and even $TRX, $FET, and $BNB each have one company that has been clearly exposed. If you look at the K-line of these 'crypto stocks,' the trading volume and price performance are very exaggerated.
The real key is that this money never actually entered the crypto space. They are indirectly betting on crypto through the stock market by 'buying related concept stocks' or waiting for altcoin ETFs, rather than rushing to CEX to buy your favorite altcoins. This also explains why in this round of the bull market, the vast majority of altcoins have no momentum—because no one is buying!
Take a look at $SEI, which has surged these past few days; it actually relates to Circle's holdings. Circle has also clearly reserved $APT, $SUI, $ZRO, and $OP, which are also worth paying special attention to.
As for the altcoin direction, it is recommended to focus on several major tracks: #AI, #RWA, #Stablecoin, #DeFi, #ETF, #L1; these leading directions still have opportunities. Applications that no one uses and public chains without real trading will find it hard to perform in this round of the market.
Alright, let’s continue to look at another batch of small tokens on-chain that are skyrocketing!
First, take a look at #CA—its market value is currently below 8 million, but last night its trading volume surged to 274 million, comparable to the hottest altcoins on leading platforms! With this momentum, CA is likely to take off, and a 5x increase to a market value of 40 million isn’t a dream. Those who haven’t boarded yet might just be the next batch to catch the falling knife... or the lucky ones picking the bottom.
#EGL1 is also not to be outdone, directly topping the charts in the USD1 trading competition: market value, trading volume, liquidity, and popularity all at maximum! Even more explosive is that it has been targeted by the chairman of the Trump Foundation WLFI, which adds significant background.
Now let’s talk about the dark horse in the gold mining space—#SOLAMI.
Those who stayed up late last night made a fortune, with a 20x surge overnight. The Solana official even played along, boosting market sentiment to the max! Some bought in for several hundred thousand and added more for over 400,000, waking up to an ATH of over ten million—a truly dreamlike start.
Here's an obscure but significant tidbit: #TECH.
Behind this project is Keycat, which launched a project on the Base chain last year, reaching a market value of nearly 200 million. Recently, someone in the community dug up the Solana address disclosed by Keycat, revealing new potential hidden in the on-chain Dev address. At first glance, it doubled, and in no time, it soared to 8 times—such profits must be spotted by someone keeping an eye on the market late at night.
The crypto space is not short of opportunities; it depends on whether you can hold on and keep up.
That's it for the article! If you're feeling lost in the crypto space, consider collaborating with me to layout strategies and harvest profits from the market makers!
