June 8, 2025

Recently, the alpha project has taken off, although not much 'meat' has been consumed. However, it must be said that Binance's alpha planning has clearly played a role in attracting attention in the entire crypto circle. First, the Web2 community, which has basically become aware of it, with some already participating and many retail investors hearing about it or being led in by people from the crypto community, either actively or passively entering the market. A bad example is a student who got into the crypto space because of this and then played with leverage and got liquidated, reporting the person who led him. This activity will attract people from other industries to participate, and as for how many people will come to play after being exposed to the crypto space, the conversion rate is estimated to be very low, but there will definitely be some.

The rise of the crypto market depends on application explosions, and of course, the larger premise is that money comes in. I don't know if everyone has noticed the recent trends in the US stock market, which have been steadily rising for a while and are now approaching new highs. The correlation between cryptocurrencies and US stocks refers to the movements of Bitcoin and the US stock market. Recently, Bitcoin reached a new high first, and now the US stocks are still near their highs. With this layer of market confidence boosting, I believe the cyclical conditions in the crypto market do not need to be overly worried about.

With the previous events, we also know that the Trump administration does not dare to act recklessly, essentially just making noise to achieve its goals. This includes Musk's break with it, indicating that the operating rules of the world itself are not so easily broken or changed. Given this, the current economic cycle is still in the second half of interest rate cuts, and although this second half will last a long time, overall, the opportunities for risk assets outweigh the risks.

In terms of market conditions, Bitcoin is still above 100,000. Let's see how long the sideways consolidation lasts; normally, a rebound this week would be quite good. I predict that there will be a small rebound in the coming week, but as for whether it can break through to new highs, I have no certainty. Although Alpha is very lively, it has not yet driven up the tokens in the BSC sector, nor has it boosted other sectors. Therefore, the current crypto market does not have the foundation for a meme coin rally. However, the overall environment is still decent, and it is worth waiting further.

Thank you for your attention and likes.