Institutions invest $1.4 billion in the market + Hong Kong Bitcoin Conference + NVIDIA's earnings report released
1. In the past 6 hours, $1.4 billion has flowed directly into the market (1 billion USDT + 400 million USDC), whales and institutions are still aggressively accumulating, and the market's attitude is very clear: continue to be bullish.
2. Meanwhile, Hong Kong is hosting the Bitcoin Asia 2025 cryptocurrency conference.
In the past, conferences in Hong Kong often brought negative news and sell-offs, but this time is completely different - it is the most significant conference in years. Eric Trump, Trump’s “big son”, personally attended to show support.
Representatives of American capital are also present:
Including Balaji Srinivasan (founder of Network School, former CTO of Coinbase),
Adam Back (CEO of Blockstream, Bitcoin cryptography pioneer),
And political figures like Bilal Bin Saqib (Ministerial representative for digital assets and blockchain from Pakistan).
These signals indicate that this conference is more about positive outcomes supported by global capital and political forces than negative news.
3. On the other hand, NVIDIA's recently released earnings report did not bring additional pressure: overall performance met expectations, there were no positive or negative surprises, and a $60 billion stock buyback plan was announced.
Although the market is still concerned that U.S. export policies towards China may affect NVIDIA in the future, at least in the short term, it is unlikely to continue to decline significantly after the initial dip.
4. There is nothing to worry about with ETH at 4500 right now; the next focus should be on Friday night's PCE data, which will determine the subsequent short-term trend.
