Morning report: Market twins IP & PI, is the real purchasing power in the hands of the aunties?
📉 Market overview: BTC continues to test lows, do holders still have faith?
1️⃣ $BTC | Continuous decline, hitting a low of 82,236 USDT, market sentiment is extremely pessimistic;
🔹 Spot Bitcoin ETF trading volume exceeds $5.3 billion, capital games are still ongoing;
🔹 The current market logic is chaotic, it may need to drop to a more attractive position for bottom-fishing funds to enter.
2️⃣ $ETH | The trend remains weak, declining more sharply compared to BTC, in line with market expectations.
3️⃣ $SOL | There was a sign of rebound yesterday, but with the 3.1 unlock approaching, market sentiment is cautious, waiting for the market reaction the day after tomorrow.
4️⃣ $BNB | Continues to perform strongly, relatively resistant to downward pressure during the overall market decline;
🔹 Whether the new model Launchpool can sustain its popularity remains to be seen.
🚀 New coin frenzy: Strong control shows capital power
5️⃣ New coins $IP, $PI, $KAITO perform extremely strongly, short sellers have become collectively numb;
🔹 $IP trading volume surpasses $DOGE and $BNB directly, with liquidity well-controlled and pricing power firmly in the hands of the project party;
🔹 Extremely low airdrop distribution + low actual circulation volume created a highly controlled market, with capital driving the market clearly.
⚖️ Regulatory trends: SEC & changes in cryptocurrency policies
6️⃣ SEC closes investigation into Gemini while requesting to suspend investigations into @justinsuntron and @trondao foundations, market attitudes remain unclear;
7️⃣ @usualmoney official X account was hacked, security issues remain a market focus;
8️⃣ The U.S. House of Representatives advances a bill to overturn cryptocurrency IRS rules, market policies may face new changes;
🔹 The Oklahoma government committee passes a strategic Bitcoin reserve bill, entering the House vote, BTC may welcome state-level holdings.
⚠️ Security & hacker incidents
9️⃣ @Bybit_Official survey report: The source of the hacker attack came from @safe developer devices, and the Lazarus Group successfully infiltrated Bybit's Ethereum cold wallet;
🔹 @cz_binance criticizes the lack of transparency in Safe updates, questioning its security vulnerabilities, intensifying concerns about self-custody wallets;
🔟 Pump .Fun X account theft case, @zachxbt points out a connection with the Jupiter and WIF account theft cases, possibly by the same attacker.
📊 Other market dynamics
1️⃣1️⃣ Aleksei Andriunin (Gotbit CEO) has been extradited to the U.S. for allegedly manipulating the cryptocurrency market;
1️⃣2️⃣ @realDonaldTrump announced a 25% tariff on the EU, with the market paying attention to its impact on global trade;
1️⃣3️⃣ The Ethereum Foundation donates $1.25 million to support the legal defense of Tornado Cash developers, regulatory pressure continues;
1️⃣4️⃣ @coinbase plans to support $MORPHO trading on Ethereum and Base networks, further expanding the Base ecosystem.
📅 Options & exchange new trends
1️⃣5️⃣ Deribit data: $5 billion BTC options will expire on Friday, with the maximum pain point at 98,000 USDT, which may lead to market volatility;
1️⃣6️⃣ Recently, @binance and @okx have requested users to submit proof of funds, which may increase KYC review intensity in the future.
📌 Summary: The overall market is still in a downtrend, BTC's trend has not stabilized, but ETF trading volume is huge, capital is still in the game. New coins $IP, $PI continue to dominate, showing a strong control model. Regulatory aspects have seen some easing in SEC investigations, but scrutiny of capital sources is tightening in various countries, and the short-term market will remain in a high volatility phase.
