1. Institutions are going on a "shopping spree": In the past 6 hours, 1.4 billion US dollars (1 billion USDT + 400 million USDC) have been pumped directly into the market for bottom-fishing, with large funds and institutions continuously increasing their positions. Anyone with discernment can see it - the market now believes "it can still rise".
2. The Bitcoin conference in Hong Kong is different this time: The 2025 Bitcoin Asia cryptocurrency conference is currently taking place in Hong Kong. Previously, such conferences in Hong Kong were often followed by negative news and price drops, but this time it’s the complete opposite, being the most significant one to date. Eric Trump, Donald Trump's son, has personally come to support, along with a bunch of big names such as former Coinbase CTO Balaji and cryptography expert in the Bitcoin field Adam Back, even officials from Pakistan responsible for digital assets have arrived. These signals indicate that this conference is not negative, but rather a positive signal from global capital and the political arena.
3. NVIDIA's earnings report did not "create issues": The recently released NVIDIA earnings report met expectations, bringing no surprises but also no disasters, and it announced a $60 billion stock buyback. Although the market is still concerned that the US export policies against China may affect NVIDIA's future business, at least in the short term, even with slight fluctuations previously, a significant drop is unlikely.
4. No need to panic about ETH currently: The current price of ETH is 4500, and there’s nothing to worry about. The focus now is on the PCE data coming out Friday night; this data will determine how the market will move in the short term.
