Bitcoin's rise on April 22 triggered nearly $300 million in short liquidations, making it the largest daily short liquidation event since the beginning of this bull market. However, looking at the price trend, BTC only rose from $87,000 to $94,000, which is not a remarkable increase overall, reflecting a still strong bearish sentiment in the market, with most people remaining bearish.
Currently, if BTC does not choose to pull back but instead continues to surge directly, it will be very difficult to break through the $100,000 mark in the short term. This round of increase lacks obvious capital support and there are no strong positive news to accompany it, thus the possibility of sustained momentum is low.
The ideal scenario is for BTC to actively pull back and solidify in the next one to two weeks, returning to around $85,000, completing a thorough chip turnover, and building momentum for future bulls. If the trend is healthy, it is expected to usher in a new wave of small peaks in June, aiming for the key target of $110,000.
BTC could break through $120,000 at any time! In May, we must bottom out these 4 major coins with 100 times potential!
Sui
The Sui ecosystem has recently seen a resurgence in popularity, with TVL rising 40% in a week to reach $1.7 billion, and most DEX trading volumes significantly increasing. The Sui Dubai conference is about to be held, and projects within the ecosystem (like WAL, DEEP, BLUE, TURBOS) are clearly benefiting.
With positive news being released densely around the conference, short-term attention needs to be paid to the sustainability of TVL and subsequent user growth performance; Sui may be about to welcome a wave of recovery.
BERA
Currently, BERA's on-chain performance suggests that the project's valuation seems severely underestimated, especially compared to similar projects launched in the past at higher valuations. It is noteworthy that BERA has raised over $140 million, and there are still tokens to be released in the future, which may bring some dilution effect.
However, its vesting schedule is relatively reasonable, with the main unlocking occurring gradually after February 2026, providing the market with a buffer period. Those who missed SUI can consider BERA.
TRUMP
Trump is hosting a banquet for TRUMP holders, and those attending must be among the top 220 holders of TRUMP between April 23 and May 12. Therefore, I believe TRUMP is relatively safe before May 12 and should not drop significantly.
After May 12, it is essential to liquidate, as the ranking statistics have been completed. Many people buy TRUMP just to attend Trump's banquet. Once the list is finalized, some will surely sell. Pay attention to the May 12 time point, as it may be a turning point for TRUMP's bullish and bearish sentiment.
SOL
Solana is known for its high speed, low transaction fees, and scalability, attracting more and more developers and projects. Recent reports indicate that RockawayX Fund has injected $125 million into the Solana ecosystem, which will help further its development. MagicBlock also raised $7.5 million to build faster applications on the Solana blockchain.
Solana's applications in the DeFi and NFT sectors continue to grow, attracting significant attention. Asset management firms like Franklin Templeton have applied to track the spot price of Solana through an ETF, indicating increased institutional interest. The CME Group has also launched Solana futures products, seen as an important step towards SEC approval of Solana's spot ETF. The bull market target for SOL is $1,000, six times the current price; if you want to make secure profits, buy SOL!
