The Trump family continues to release crypto-friendly signals, with Eric Trump, Trump's second son, urging followers to "buy Bitcoin on dips" via social media. The growing resonance between political elites and local policies is expected to inject policy-driven optimism into the currently sluggish market.

2.FTX founder Sam Bankman-Fried (SBF) tweets about "layoffs" for the first time in two years, which the market interprets as an attempt to gain favor with the Trump administration. Following Trump's pardon of Silk Road founder Ross Ulbricht, rumors of SBF's family meeting Trump's inner circle to seek a pardon have intensified, fueling expectations that SBF may be granted clemency. This speculation caused a surge in the price of $FTT, though it later retraced.

3.Solana co-founder joins the SocialFi platform time.fun, sparking the "time tokenization" narrative. His personal time token, "Toly's Minutes", surged past $20 million shortly after launch. Key ecosystem figures, including Solana Foundation members and Helius CEO, have joined and issued their own tokens. Meanwhile, Pump.fun has seen only three tokens "graduate" in the past 24 hours, each now exceeding $1 million in market cap.

Market overview

$BTC sees a sharp drop, briefly falling to the $86,000 level, triggering a broad market decline.Newly listed coins have displayed polarized performance: $IP surged against the trend, while $ZOO suffered heavy losses.

The Nasdaq closed down by more than 1%, with the seven major U.S. tech stocks entering a technical correction zone. U.S. Treasury yields hit new highs for the year, while gold prices plummeted.

Currently standing at 88,132 USDT, Bitcoin is in a potential liquidation zone. A 1000-point drop to around 87,132 USDT could trigger over $212 million in cumulative long-position liquidations. Conversely, a rise to 89,132 USDT could lead to more than $144 million in cumulative short-position liquidations. With long liquidation volumes far surpassing short positions, it's advisable to manage leverage carefully to avoid large-scale liquidations.

Over the past 24 hours, the BTC spot market recorded $42.5 billion in inflows and $45.4 billion in outflows, resulting in a net outflow of $2.9 billion.

In the last 24 hours, $BTC, $ETH, $SOL, $BNB, and $SUI led in net outflows in futures trading, signaling potential trading opportunities.

According to the latest data from SoSoValue, U.S. spot Bitcoin ETFs recorded a single-day outflow of $331 million, while the cumulative inflows amount to $38.688 billion, with total holdings at $107.108 billion. U.S. spot Ethereum ETFs saw a single-day outflow of $37.6201 million, with cumulative inflows of $3.039 billion and total holdings of $9.612 billion. Compared to the previous day, BTC outflows increased significantly, and ETH outflows remained largely unchanged.

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