Brothers, the crypto market has exploded today! Bitcoin shot up like it was on drugs, directly reaching 104,000 US dollars within a day, while Ethereum went even crazier, surging 20% to break 2200 dollars. This market movement is more intense than the grandmas in the square dance rushing for discounted eggs; what’s really behind it? Let Yiming give you the scoop.
First, let’s talk about the spectacle over in the beautiful country. The old fox Trump suddenly cozies up to the Brits, saying he wants to forge some trade agreement. This maneuver is just like a night market vendor suddenly shouting 'Last three days for clearance'; it's clear he wants to fleece the retail investors. On the other hand, Biden isn’t idle either, constantly egging his little brothers to stir up trouble, but his backyard is on fire first, and now he’s shamelessly wanting to negotiate with the heavenly dynasty; isn’t that a slap in the face?
The most surreal part of this market movement is Bitcoin’s performance. At three in the morning, it suddenly shot up to 100,000 dollars, directly pushing Amazon out of the top five by market cap. Ethereum was even more outrageous, having been dormant for two months, it suddenly surged 400 points in a day. Those retail investors who stood guard at 2000 dollars are almost in tears, exclaiming that the regular army has finally arrived!
But if you look closely at the market, you’ll see how deep the tricks go. The sudden surge in the early morning specifically targeted Asian retail investors while they were asleep, and when everyone woke up, they found themselves at the peak of Mount Everest. Exchange data shows a net purchase of over 20 million dollars by the main force, but in reality, it was just a left hand trading with the right. In 24 hours, 200,000 people worldwide were liquidated for 975 million dollars, and all the major players evaporated 12 million dollars; this isn’t trading, it’s clearly a large slaughterhouse!
Technical indicators? In front of the market manipulators, they are all waste paper! Bitcoin’s weekly chart is shooting up like it’s drunk, completely ignoring any resistance levels. Ethereum’s daily chart is performing 'Dragon Rising in the Sky,' but the weekly chart is still stuck. The funniest part is the trading volume; when prices are rising, the trading volume actually shrinks to half of the usual; isn’t that clearly the market manipulators controlling the market?
Don’t be fooled by the current rise above 100,000; three major hidden dangers are on the way:
1. If that (GENIUS Act) passes in the beautiful country, DEFI will be crying in the toilet.
2. Meta wants to do stablecoins again; wasn’t the last time bad enough?
3. Oregon suddenly legislated, it looks like the calm before the storm.
What’s even scarier is that the beautiful country is about to catch fire itself. Budget cuts + Buffett's warning + tariff friction, these three buffs stacking up could explode any day. Just think about the disaster in 2018 when Bitcoin fell from 20,000 dollars; the old retail investors all remember it!
In this market, veterans are trembling, while newcomers are frantically going all in. Some old brothers opened short positions at 103,500 dollars, claiming they want to hit 120,000 dollars before liquidation; that kind of courage is comparable to a gambler going All-in at the casino. But if you ask me, the market manipulators can pump or dump at any minute. Don’t get jealous just because it’s rising; think of famous scenes like 312 and 519. Surviving in the crypto world for a long time is the real skill; those who show off profit charts every day might find themselves queuing on the rooftop tomorrow.
This carnival is ultimately a game of great power struggle. The market manipulators are eating hot pot and singing, while retail investors are jumping up and down in the candlestick charts. When the tide goes out, we’ll know who’s swimming naked, but by then, the manipulators might have even stripped off their underwear! Advice for old retail investors: don’t rush, let the bullets fly for a while; the crypto market never lacks opportunities, just capital.
