Recently, Bitcoin has surged again, with its price breaking through $94,000 yesterday before slightly retreating. From a macro perspective, the bull market trend of Bitcoin has been established, with various indicators and macro environments supporting its continued rise. It is expected that Bitcoin may break $100,000 in May and potentially reach even higher levels within one or two months. On the 4-hour chart, Bitcoin is currently in a high-level consolidation showing some resistance, but this is more likely a continuation of the upward trend rather than a deep correction. Other cryptocurrencies are mixed, with Ethereum, Cardano, and Solana all experiencing gains.
Coinglass data shows that in the past 24 hours, over 160,000 people in the cryptocurrency market have been liquidated, with a total liquidation amount of $370 million, including $160 million from long positions and $210 million from short positions.
Currently, the most focused token in the market is TRUMP.
Due to a piece of good news, the price doubled directly.
The official announcement yesterday stated that the top 220 holders of TRUMP tokens will be invited to a dinner with Trump, and registration has already opened.
The dinner is scheduled for May 22, 2025, at the Trump National Club in Washington, D.C. The organizers also stated that the initial unlocking of tokens and the daily unlocking portions for the next three months will be extended by 90 days each.
How long can the Trump Coin craze last?
Yesterday, Trump started promoting Trump Coin again. The Trump project announced that holders ranking in the top 220 by amount can participate in a dinner event with Trump.
As a result, the price of Trump Coin surged violently from $9 to $14, with a daily increase of over 50%.
One whale bought over 400,000 TRUMP at an average price of $12.27 after the TRUMP dinner news was released.
The official website of the TRUMP dinner shows that the top 25 holding addresses have a total holding of about 2.09 million Trump tokens, accounting for about 30% of the circulating supply.
Trump seems to have understood the psychology of retail investors, attracting funds through the dinner hype.
By delaying the unlocking of some tokens to create a sense of scarcity, then OTC trading surged with a 20% increase in volume on April 23...
Lastly, a reminder for everyone, the altcoin rebound will continue until early May, focus on strong targets during this rebound:
AI Track: ALCH, zerebro, arc
Meme Section: fartcoin, turbo
Mainstream coins: Sol, Sui, Sui is the strongest public chain in terms of performance, recently in the spotlight for ETF speculation.
Focus on upgrade series: LDO, ARB, OP, PEPE, RPL, PENDLE, ENA, etc.
Last night, a fan asked how JOS was doing (it had a market cap of only 1.7 million at the time). I analyzed it for him, thinking it was too late to check again, but when I looked this morning, it had risen to 17 million, he made 30 times profit, this is really crazy, he made a lot.
Lastly, don't forget to follow, let's achieve financial freedom together in this bull market, okay?
