This is incredible, brothers!
NASDAQ and S&P 500 are like they've taken blue pills, treating historical highs as a daily routine, while the dollar index seems to have had its spine pulled out, plummeting 10% in a year and lying lifeless below 97. And Bitcoin, this drama queen, just got slapped into a deep V shape by news during the day, only to dance on a pole close to historical highs at night; now it’s just one alluring glance from Wall Street's wolf away from breaking through that 2% window.
What’s the situation with Bitcoin right now? 'Top divergence! Definitely a top divergence!' But then it gets slapped in the face by its old buddy in the U.S. stock market—Bitcoin is playing Tetris at a high level, with K-line volumes piling higher and higher, just like a muscleman in the gym who's taken a nitrogen pump.
The situation on the Ethereum side is even more magical, with on-chain locked positions breaking historical highs while stablecoins are crazily laying the foundation underneath. This scene is like building a casino in Macau—dollar cement trucks working around the clock, waiting for the July gambling tournament to kick off. Remember, when USDT and USDC start doing infrastructure, it often means institutional big shots are secretly building underground passages.
Last week, Bitcoin's spot ETF transformed into a financial black hole, with a net inflow of $2.2 billion, setting a new high for March, and marking 14 consecutive days of inflows comparable to a money-printing machine that just ate some gum. Even the Ethereum ETF, this 'little transparent one', got a taste, with $50 million—though not enough to fill the gaps, the signal it sends is stronger than the Titanic's distress signal—global capital is staging a 'great escape', and cryptocurrency exchanges have become the Swiss banks of the new era.
The concept of stablecoins has recently been heatedly discussed, from JD and Alibaba to state-owned brokerages; even the grandpa selling pancakes at the neighborhood entrance is talking about the digital dollar. But seasoned investors understand that this thing is just a financial pipeline; retail investors, don’t be deceived. Stablecoins are merely tools, pipes for the big institutions to move money, not products for you to buy directly! We just need to understand one point: these big shots have their eyes on this, which means more real money will flow into the crypto market through this channel, raising the tide—understand? If you want to make money, you have to find other avenues!
If we are to talk about the best trader of the year, it has to be the comrade who understands King Chuan. Just paid off a $114 million building loan; his income of $500 million in the crypto world over the past six months has even made Buffett exclaim about his expertise. His idea of 'tokenizing U.S. debt' is like treating global retail investors as human batteries—imagine, if U.S. debt defaults in the future, no need to worry, just issue a TrumpCoin for retail investors to take over; this move is more environmentally friendly than the Fed's money-printing machine!
The next three months will definitely be the year's grand performance: interest rate cuts are already a given, and it's likely that Chuan Dog will replace the next Federal Reserve chairperson with one of his own. The SOL ETF might land in September, at which point LTC and BCH, the faded internet celebrities, may collectively resurrect. The most exciting part is that once the Ethereum staking 'nuclear button' is unlocked, the entire DEFI ecosystem might erupt in a cacophony of drums and firecrackers!
Where did this round of money pile up?
Over 3 million Bitcoins were bought above 93,000! The overall market cost has been significantly raised. Now profit growth has slowed, not because of 'unable to sell', but because everyone 'doesn't want to sell'! Why? My cost is so high, and now this little profit just breaks even, not worth it! This shuts down the space for a sharp decline.
Therefore, when Bitcoin hits a new high, if the unrealized gains on the books are rising while the actual realized profits are falling, we need to consider whether it's 'not wanting to sell' or 'unable to sell'? This time, the chips concentrated at 93,000 are as stable as a foundation that's been piled. Those holding these coins have strong psychological resilience; if they don't panic and sell off, the market will find it hard to plunge deeply.
Remember, when the whole world thinks it's time for a correction, the market will teach you a lesson with a circuit-breaking rise. This time, the ones standing at the peak are not retail investors but institutional Wolverine clad in bulletproof vests; the diamonds in their hands are much harder than you can imagine!