Cat's Eye Focus | Reviewing Bitget's Systemic Flaw, $12.7 Billion of Fake Transactions Shocks the Entire Network
On April 20, 2025, the cryptocurrency world went wild - multiple arbitrageurs claimed that they had discovered a loophole in the VOXEL contract trading pair of the Bitget exchange. By repeatedly placing orders and taking advantage of the robot's abnormal order-taking mechanism, they obtained huge profits, with some making tens of thousands of USDT and some making millions of USDT.
Soon the users reported the situation and the exchange quickly closed withdrawals, but many people had already withdrawn their USDT, and it was almost impossible to recover it.
Occurrence process On April 20, the trading volume of VOXEL contracts on Bitget Exchange suddenly soared to $12.7 billion. What does this mean? It is almost 300 times the usual trading volume, and even three times more than BTC/USDT!
1、$BAN Sotheby's Banana 2、$BUZZ AI AGENT Concept 3、$LUCE Vatican Mascot
The above 3 coins share a common characteristic - after a period of continuous price increases, the price suddenly crashes, which is a clear sign of large holders pushing the price up to sell off.
These coins have already been abandoned by large holders, entering now means becoming a retail investor!
$FARTCOIN, the leader in AI concepts on the Solana chain.
After my long-term observation, it is basically confirmed that it has begun to rebound from the bottom, and there is at least a 10x growth potential in the future.
$Mubarak I believe will be the leader of this wave of meme行情 on the BSC chain!
CZ changed his profile picture to show support, his attitude couldn't be more obvious!
Additionally, with the entry of crypto market maker Wintermute, we can refer to the rebound after the first spike and drop of $GOAT, leading to a second wave of major upward movement. The core reason is also Wintermute's entry, allowing whales to enter without worrying about liquidity!
$FARTCOIN, the leader in AI concepts on the Solana chain.
After my long-term observation, it is basically confirmed that it has begun to rebound from the bottom, and there is at least a 10x growth potential in the future.
mubarak, Broccoli (CZ's Dog), and TUT are currently ranked in the top three for Binance voting.
【Token Information Introduction】
$Mubarak: Meme Coin
Binance received a $2 billion investment from Abu Dhabi's state-owned capital MGX, and the community has created this Middle Eastern themed avatar of CZ, who also changed his X avatar to it. 20800+ Holders.
$Broccoli (Broccoli) and $Broccoli (CZ’S Dog)
CZ's Dog. 39700+ Holders.
$TUT: Meme Coin Tutorial was originally created as a demonstration token to show users how to issue cryptocurrency on the BNB chain. It has real-world utility: it serves as an educational tool. 13200+ Holders.
$BID: AI Concept An AI creator economy platform built on the Base blockchain. 5900+ Holders.
$BANANAS31: Meme Coin The prototype comes from a banana sticker on the S31 starship shell. The Banana for Scale meme is an internet meme that uses a banana as a standard unit of measurement for size. 116100+ Holders.
$KOMA: Meme Coin A shib on the BSC chain, built around community-driven decentralization and charity. Its arrival aims to make BNB great again. 43700+ Holders.
$SIREN: AI Concept An innovative cryptocurrency that combines ancient mythology with modern technology. Inspired by the Sirens from Greek mythology, it cleverly integrates their captivating dual nature into blockchain technology. 29400+ Holders.
$WHY: Meme Coin An elephant-themed meme coin on the BNB Chain, featuring both humorous and aggressive dualities. 96100+ Holders.
Vote for 2 tokens to be listed on Binance Spot.
Recently, with Binance Alpha appearing on Binance Exchange's market page, the tokens have seen a surge. Will there still be a rise similar to $Neiro or $BOME when listed on Binance Spot?
On March 19, the Federal Reserve's interest rate meeting decided to keep the interest rates unchanged, which aligns with market expectations.
However, there is a hidden good news: starting from April, the Federal Reserve will reduce the size of its balance sheet from 25 billion per month to 5 billion.
Binance has broken through the barrier between DEX and CEX!
Effect: Competing for primary market pricing power
The general consensus in the market is that as long as a memecoin is listed on Binance spot, it can double, such as $TURBO $BABYDOGE; or even increase by more than 10 times, like $BOME $ACT $Neiro.
Binance Alpha was originally positioned as a screening platform for MEMEcoins, with well-performing coins getting the chance to be listed on Binance spot. This section is in the Binance wallet.
However, now that it can be directly accessed on Binance CEX, as long as a memecoin is listed on Alpha, the effect is basically equivalent to being listed on Binance spot, with expectations for price increases reaching their peak. For instance, yesterday $TUT was listed, and it directly surged over 3 times in a day.
Currently, MEMEcoins on the BNB chain are the most eye-catching segment in the market.
Starting point: Addressing community users' complaints
The community's view on the Binance wallet has always been: difficult to use!
Currently, as the exchange function of the OKX wallet is undergoing maintenance, Binance wants to seize DEX users, so it announced: 6 months of fee-free wallet exchanges.
How to solve the usability issue?
Binance understands cryptocurrency users. As long as there is a wealth effect, even if it's something undesirable, people will use it. Once someone takes the lead, more followers will come, and the situation will open up!
So, they decided to place Alpha on CEX, using the price increase to silence critics. This process does not involve interaction with the Binance wallet, so naturally, there will be no more complaints!
Additionally, these coins are on-chain, so even if they drop later, users won't blame Binance, unlike those IEO or ICO coins, where users will criticize the platform if they drop!
Five institutions have submitted a spot ETF application for #solana : Grayscale, Bitwise, 21Shares, VanEck, Canary Capital. The probability of the SOL ETF passing in 2025 on Polymarket is 84%.
Three institutions have submitted a spot ETF application for #Ripple : Grayscale, WisdomTree, Franklin Templeton. The probability of the XRP ETF passing in 2025 on Polymarket is 76%.
Two institutions have submitted a spot ETF application for #LTC📈 : Grayscale, Canary Funds. The probability of the LTC ETF passing in 2025 on Polymarket is 78%.
One institution has submitted a spot ETF application for #DOGE : Grayscale. The probability of the DOGE ETF passing in 2025 on Polymarket is 69%.
One institution has submitted a spot ETF application for #ADA : Grayscale. The probability of the ADA ETF passing in 2025 on Polymarket is 70%.
Which coin do you think will be the next spot ETF to pass?
Hyperliquid-type DEX contract platforms may cause the collapse of ETH!
Recently, Hyperliquid's liquidity pool decreased by 1 million USDT due to a whale who was long on ETH. Due to insufficient counterparty liquidity, they had to close their position through a forced liquidation, resulting in their long position being unable to realize profits. Therefore, they chose to withdraw the margin and forcefully close their position.
In this cycle, ETH has performed poorly, and many whales hold large amounts of ETH but have minimal returns, or even losses, so they chose to open contracts on Hyperliquid.
In this case, even if this whale managed to profit from a long position on ETH, they still couldn't realize their profits due to insufficient counterparty liquidity. The whale was also worried about further declines leading to losses, so they opted to withdraw the margin to forcefully close their order. (If ETH drops further, it may result in greater losses)
In this situation, since this whale's position was excessively large at 160,000 ETH, the forced liquidation occurred at market price, leading to a transaction price that was far below the current ETH price.
Ultimately, they exited with losses, which also dragged down the price of ETH!
The whale's counterpart trader is indeed impressive!
It's very difficult for ETH to realize good returns in this cycle!
Most of the future will be in a bear market. Protect your principal and don't mess around!
0xbit
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#BTC Trend Analysis for 2025:
In 2025, BTC has only 2 very clear positives:
Recently, the full ceasefire between Russia and Ukraine has greatly alleviated market concerns about inflation!
In the future, after June, there may be 2-3 rate cuts in 2025, possibly after a noticeable downturn in the U.S. economy, and potentially after a hard landing or confirmation of a hard landing!
Recently, the full ceasefire between Russia and Ukraine has greatly alleviated market concerns about inflation!
In the future, after June, there may be 2-3 rate cuts in 2025, possibly after a noticeable downturn in the U.S. economy, and potentially after a hard landing or confirmation of a hard landing!
There really aren't any good targets in the market!
A data visualization website that creates bubble charts has almost no profit model, yet there is $130 million in subscriptions on the BNB chain, unbelievable!