Brothers, Bitcoin is stuck in the 92,000 to 95,000 range; it can't go up or down.

On-chain data indicates that a mysterious large holder has been gobbling up 20,000 bitcoins in the past two days.

But on the other hand, those at Grayscale are still frantically selling Ethereum.

Technical KOLs are also staring at the K-line and scratching their heads.

That MACD death cross is like the Grim Reaper's soul-catching lock.

But the 200-day moving average is still being stomped on.

Is this really a bull market comeback?

The US stock market is even more exciting; the Nasdaq is just one step away from its historical peak.

Companies like Microsoft and Google are about to release their performance reports.

Bitcoin is now wearing the same pants as the US stock market.

If someone sneezes over there, you’ll catch a cold over here.

The folks at BlackRock are still frantically buying up.

ETFs are getting money daily, but retail investors are already too scared to get off the bus.

The folks at Grayscale had a tea with the SEC.

They are insisting on doing some Ethereum ETF staking. If this succeeds,

It's like finding a hen that lays eggs for the 8 billion dollars locked in a safe.

Europe and Canada have been doing this for a while; it's just the regulators in the beautiful country that still hold their ground.

If you ask me, what's the difference from not allowing bank deposits to earn interest?

The most outrageous are those rednecks in Arizona.

They insist on using fiscal money to buy Bitcoin as a strategic reserve.

Although now I can only buy a few small targets, this is the first time ever!

It's like when Nevada was the first to open a casino; other states are definitely going to follow suit.

In the future, the state treasury will be filled with Bitcoin; just imagine that scene, it's magical!

Important economic data will be released this week.

On Wednesday, GDP and PCE will be two heavy bombs.

If GDP is less than 0.4%, it means the beautiful economy is impotent.

But if PCE inflation spikes above 2.8%,

Then the old men at the Federal Reserve will act cool and refuse to lower interest rates.

Now the market is like a diabetic waiting for their health report.

Afraid of high blood sugar and malnutrition at the same time.

Friday's unemployment rate is more stimulating; if the job market declines.

Bitcoin might first follow the US stock market down.

But after kneeling, it might be able to stand up as a safe-haven asset.

These days, money sitting in the bank is losing value; it's better to throw it into Bitcoin.

At least you can still bet big.

Now let's talk about the movement of funds; money in the casino has started to switch tables.

The Arbitrum cross-chain bridge swallowed 300 million this week, attracting more capital than those old BSC players.

The storage project WAL on the Sui chain is soaring like it took Viagra.

Clearly, 270 million dollars' worth of chips are about to be unlocked, but the dealer can still pull the price up.

This is completely off the charts; bad news is treated as good news; unlocking is treated as good news.

On the NFT side, the fat penguin is leading its little brothers to take off against the trend.

Physical toys are selling like hotcakes; this is the real metaverse landing.

In contrast, those AI coins, despite all the hype, can't rise above dog and cat coins.

So in the crypto world, telling dirty jokes is more useful than writing code.

Trump's dog has learned the ropes recently, waving the tariff stick to scare people.

While giving the common people tax cuts.

It's like slapping you first and then feeding you a date.

Middle-class retail investors are being played around in circles.

But the market is just eating this up; I've heard tariffs might ease.

Bitcoin immediately surged from over 80,000 to 95,000.

This tariff stick has instantly turned into a massage stick!

But no matter how good anything is, it can't compare to Trump.

Just one mention of Bitcoin as a national strategic reserve could send Bitcoin skyrocketing.

Although it's just trash talk for now, if Arizona really makes it happen,

That sets an example for other states. In the future, state treasuries will store Bitcoin instead of gold.

This script is something the old fossils on Wall Street could never write.

Returning to the technical side, public chains are starting to compete fiercely.

The staking agreement Haedal on the Sui chain is about to airdrop.

TVL surged by 42% in a week. Playing public chains is like raising a spirit.

Wherever the most activities and benefits are, funds will flow there.

Ethereum L2s are also not to be outdone, with locked positions reaching 45 billion.

New projects are jumping into the pool like dumplings.

The concept of AI + blockchain was originally quite grand.

As a result, serious projects like TAO can't rise above dog coins.

If you ask me, crypto folks love a simple and crude narrative.

Only those who can get rich overnight tell good stories; no matter how high the technical content, it can't compare to community hype.

Public chains are fighting, and institutions aren't idle; old and new money houses are competing for territory.

BlackRock and Fidelity are still frantically buying.

IBIT has been accumulating 1.6 billion dollars for 9 consecutive days. But Grayscale is like a flood.

ETHE saw a net outflow of 4.2 billion dollars. It's a battle between old and new forces.

It's similar to traditional money houses and payment platforms competing for market share.

CME options positions have broken 12 billion dollars.

This shows that the suited big players are also starting to sit at the gambling table.

But brothers, we also need to be wary of those giant whales.

There's a guy holding 1.32 million SOL who is constantly moving bricks to BN.

It's obvious they want to short and crash the market, and there are rich folks shorting TRUMP with 1.3 million dollars.

These days, even meme coins are being played for hedging; the crypto world has truly become Wall Street's backyard.

Will this wave of Bitcoin really be able to push to 100,000 dollars? The big players think it depends on the following factors.

First, economic data can't be too soft or too hard; it needs to give the Federal Reserve a reason to loosen.

Second, there needs to be a few explosive policy benefits, like state governments buying Bitcoin with real money.

Third, there needs to be a new story to take over; we can't keep stirring up old meme coins.

Now the global negative-yield bonds have risen to 8.2 trillion dollars.

Bitcoin's cost-performance ratio crushes gold.

Wait until the actual yield of the 30-year US Treasury falls below 1%.

Those institutional retail investors will definitely rush in to pick up cheap deals.

But what if the economy hard-lands and the regulations go crazy?

Bitcoin also has to eat shit.

In short, in this market, those who are bullish feel there is gold everywhere, while those who are bearish feel there are traps everywhere.

But one thing is certain: to survive the next round, you either hold onto the leading projects tightly.

Either find a real deal that can move real assets onto the chain.

Foolish people only see the immediate; wise people have already laid out for the future.

Alright, that's it for today. If you found it helpful, feel free to like, comment, and follow.

Brothers, click to join the official Binance KOL group to get real-time market trends.
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