July 29, 2025
Let me first talk about a coin theft incident. Yesterday, in a group, someone suddenly said that their BTC withdrawn from OK had not arrived, totaling 4.3 Bitcoins. After this group friend shared the address, I checked the on-chain activity and found out it had already been transferred. So why was it transferred? This was a new wallet. The reason is that this friend bought a cold wallet from JD.com, but it was not from the official direct store; it was from a third-party store. It is clear that there was a problem with the wallet. Today, I saw the news disclosed by Slow Mist, and indeed the wallet was pre-configured, meaning the other party had access to the private key. After receiving the 4.3 Bitcoins, they were transferred away in batches.
According to the current price, 4.3 Bitcoins are worth 500,000 USD, which is nearly 4 million RMB. However, a group friend mentioned that this address belongs to a boss who usually holds some coins. This time, he also wanted to split the Bitcoins held in OK into different cold wallets, which led to the issue. This indicates that the purchase price of these Bitcoins should not be high, and their asset proportion is not significant. I can only say that it’s fortunate that it’s a capable boss; if it were an ordinary person, it might have been their entire wealth. Of course, this also reiterates that cryptocurrencies, especially Bitcoin, have made many early participants wealthy. Additionally, if the assets are not many, just keep them on the exchange; for cold wallets, they must be purchased from the official website, and upon receipt, the packaging should be checked for completeness.
Regarding the market situation, after yesterday's frenzy, there was a slight pullback. I can only say that the intensity of this resistance level is still quite strong, basically the entire market's pressure. However, as long as the pullback is not significant, at most it will just lead to liquidation of some crazy long positions. Looking at the liquidation data in the futures market, it’s several hundred million USD, indicating that the short-term bulls are still quite reckless. In this case, appropriate cleansing becomes timely and necessary. As for whether this resistance level can truly break through, I can say it’s highly probable, and time is on our side. In other words, we will only consider failure if the entire month of August sees multiple failed breakthroughs.
In the current situation, we must be clear that apart from us spot holders waiting for a breakthrough, there are also short-term participants and high-leverage participants who are similarly waiting. Of course, there are those betting on a downturn, and only the spot participants are the most patient and have the advantage. Yesterday, the net inflow of Ethereum ETFs was still 65.2 million USD. This surge was driven by Wall Street funds. The undeniable fact is that once the wolves of Wall Street enter the game, they will not easily give up this piece of meat. What we need to do is to closely follow the rhythm in a volatile market. This time, it’s not just about sipping soup, we must take a few bites as well.
Thank you for your attention and likes. #上市公司加密储备战略