The crypto space has been full of explosive news lately! Trump changes his stance faster than flipping a book, Musk is playing both sides, is Bitcoin going to break 100,000 dollars?
Brothers, the recent market is as thrilling as a roller coaster, with news getting increasingly intense. Let's go through it properly!
First, Trump changes his tune; are tariffs going to be reduced? The official orders are being played smoothly.
A couple of days ago, Trump was still shouting about raising tariffs, but suddenly changed his tune, saying 'tariffs will decrease, but won't be eliminated'. This speed of change is faster than Sichuan opera! What’s even more interesting is that the previously loud but insignificant 'Bitcoin strategic reserve' now has the treasury secretary demanding a plan within 60 days, isn’t that just the official order? Clearly sending signals to the market!
Old Ma is playing both sides, saying 'play less with Dogecoin' while pumping Bitcoin, Tesla secretly hoarded 11,509 Bitcoins, like an old lady hiding her stash. Ma is definitely determined to treat Bitcoin as hard currency!
While saying 'we need to reduce Dogecoin time', they also share images of 'the economic guru' with the caption 'the best in history'. This operation is even more confusing than the dance moves of middle-aged women at a square dance! To put it bluntly, this is just hype for Bitcoin, a tactic similar to releasing a few suggestive videos before a livestream to attract attention and raise expectations!
Institutions are going on a buying spree, with ETFs absorbing 936 million dollars in a single day.
Recently, ETFs have been like hungry wolves, with a net inflow of 936 million dollars in a single day, hitting a three-month high! Giants like BlackRock and Fidelity have gobbled up 1.4 billion dollars of Bitcoin in just three days, and the total ETF holdings have now surpassed 103 billion dollars, which is even more impressive than the cash flow of Shanxi coal bosses!
What's even more outrageous is that Tether has printed money again, issuing 1 billion USDT in one go yesterday. This money printing speed is fiercer than the Fed, clearly supplying ammunition to the market. The big players are fully stocked with bullets, and big moves are definitely coming next!
Big players are collectively positioning themselves, and hedge funds are aggressively increasing their positions.
The latest survey shows that 70% of fund managers believe Bitcoin will continue to reign, a percentage higher than the hourly rate at KTV in Dongguan! These people say 'altcoins are not good' but secretly have already swapped their altcoin positions for Bitcoin.
There's even more aggressive news: SoftBank + Tether are planning a 3 billion dollar fund, and I've heard that Sun Yuchen wants to get involved too; the lineup is fancier than the Avengers!
The contract market is insane, gold is plummeting, and funds are flooding into the crypto space.
Last night, the BN contract directly processed 87.68 million dollars in orders; the market makers treated Bitcoin like a buffet! In 12 hours, the net inflow from the main funds was 303 million, with a buy-sell ratio of 2.42:1, which is even more exaggerated than the male-female ratio at nightclubs! What’s even funnier is that gold has plummeted recently, dropping 2.4% in a single day, while Bitcoin rose 13% weekly; funds are clearly fleeing from traditional markets to the crypto space. This market is a 'mass exodus of capital'!
What's next for Bitcoin?
Bitcoin's trend is as solid as iron; the daily candles have directly pierced through the upper Bollinger Band, and the MACD golden cross is widening. The weekly chart even hit a new high of 94,782 dollars, but the 4-hour chart shows long upper shadows, indicating that market makers are unloading aggressively around 95,000 dollars. However, every time it falls to 92,000 dollars, it can't drop further, like hitting an iron plate, indicating that the market makers are playing 'fake falls to gather real buying'. Just like bargaining at a market, they say 'it's too expensive', but their bags are already full.
Prediction: first create a pit, for example, drop to 91,000 dollars to scare off retail investors, then a big bullish candle breaks through 100,000 dollars directly. If the Fed cuts rates in June (Citi predicts five cuts), Bitcoin could easily soar to 130,000 dollars. Matrixport's 132,000 dollars prediction is not just talk; surpassing gold in market cap by the end of the year is a piece of cake!
Is there still a chance for altcoin season?
Bitcoin's market share is now at 64.67%, a three-year high, with altcoins being severely drained. But historical data shows that when market share climbs above 70%, altcoins often rebound significantly.
Finally, here are some strategic suggestions for everyone: first, hold onto Bitcoin firmly, wait until it stabilizes at 100,000 dollars before looking at altcoins. Get your bullets ready; once altcoin season starts, it’s all about speed and capital. Be cautious of a rebound in the dollar index; if the dollar suddenly strengthens, remember to take profits in time. The most dangerous part of a bull market is not the downturn, but getting off the train too early! Hold onto Bitcoin firmly, occasionally dabble in altcoins, and having a young model at the end of the year is not a dream!
That's all for today, brothers, give a thumbs up to support!
