The market exploded overnight—Bitcoin suddenly surged past $112,000, and shorts were instantly wiped out, with nearly 120,000 people liquidated. A total of $450 million was wiped out in short positions, with the largest liquidation occurring at HTX, where over $50 million instantly went to zero. When extreme market conditions arise, those who go against the trend simply cannot survive.
This wave of surge is not just driven by Bitcoin; Ethereum, Solana, and other mainstream coins are also collectively strengthening, and even long-dormant altcoins are gradually waking up. Market sentiment can be said to be completely crazy.
And what's even more exciting is that Old Trump has publicly criticized the Federal Reserve for raising interest rates too aggressively, which is like giving the crypto market a shot of adrenaline. The current market is not just retail investors getting restless; institutions are also betting on a trend reversal in the second half of the year, and more and more companies are starting to list Bitcoin as a reserve asset. The regulatory bill in the U.S. is also about to be implemented.
ETH: The $3,000 mark is within reach, with a target aimed at the historical high?
ETH dropped from $3,350 to $1,500 at the beginning of the year, being suppressed for a full six months. Although there was a slight rebound in May and June, it could not break through the $3,000 mark. Now it has finally welcomed a turning point!
On-chain data shows that daily transaction volume has surpassed 1.4 million, active addresses exceed 360,000, and over 30% of ETH is locked in staking, with popularity, heat, and confidence all rebounding.
The most critical point is: Ethereum's spot ETF has seen net inflows for two consecutive weeks, with the latest week attracting $226 million. CoinShares directly stated this is a clear signal of 'sentiment reversal'.
Currently #ETH quoted at $2,958, up 16% in the past week. If BTC can stabilize at $120,000, ETH reaching the historical high of $4,891 again is really not a dream.
XRP: Steadily above $2.34, is a super rebound on the horizon?
#XRP Recently gained market attention again. After stabilizing at $2.34, analysts are optimistic about its potential to reach $2.65, or even further to $4-$6.
The underlying support is very solid: whales continue to buy, technical patterns have broken through, and Ripple's launched stablecoin RLUSD has become popular, with a market cap exceeding $500 million, entering the global top ten, with New York Mellon Bank directly responsible for custody!
Moreover, the open interest in the derivatives market continues to rise, indicating that institutions and large holders are also continuously increasing their positions. As long as this momentum is not interrupted, the upside potential for XRP is very promising.
ADA: Surging wildly, reaching a new high in two and a half months!
#ADA Recently surged to $0.78, reaching a new high in two and a half months. Although the old resistance level around $0.74 has slightly hindered the pace of the rise, the overall performance is still impressive, soaring nearly 30% in a week, even more explosive than XRP and HYPE.
A few weeks ago, IOG proposed to use $100 million worth of ADA to exchange for BTC and stablecoins to strengthen the ecosystem, which triggered community controversy at the time. Now, looking at the price, it has given confidence to the 'supporters', with even founder Hoskinson starting to mock on social media.
DOGE: Don't rush, this dog might really fly.
Dogecoin has been consolidating these past few days, but it shouldn't be underestimated. GalaxyBTC analysis states that DOGE is replaying the trend rhythm of 2015-2017, having risen from $0.018 to $0.23, and is now just entering the acceleration phase.
If it continues along a historically similar path, $0.5, or even $2.5, is not a dream. He also made a strong statement: 'This dog has legs and will take off sooner or later.'
Currently $DOGE fluctuates around $0.19. Although there has been a short-term pullback, the weekly performance remains strong, making it a potential coin worth keeping an eye on.
This round of market might just be getting started.
What makes this wave of the market so nerve-wracking is that the current rise heavily relies on the continuous influx of Wall Street ETF funds.
But we also need to view it calmly; the Nasdaq has already crossed bearish, and the risk of a pullback is accumulating; sentiment is extremely greedy; and the expectations for interest rate cuts have been continuously delayed due to the U.S. economy being too 'strong'.
So my personal strategy is: after the market breaks through, seize the opportunity for a rebound, buy on dips, do not chase highs, do not gamble big, and staying alive is the most important.
Next week, the CPI data will be released, and market sentiment may be swayed again by 'expectation differences'. If the data falls short of expectations, it will provide an excuse for a pullback; but if it is below expectations, it will be packaged as 'good news'. A familiar script, familiar operations.
Don't be greedy, don't be afraid, follow the trend, and staying alive is the most important.
