Jessica Feng

Recently, the policy dynamics surrounding 'Bitcoin reserves' have been numerous: On March 6, Trump signed an executive order announcing the establishment of a Bitcoin strategic reserve; on March 8, Utah's 'Reserve Bill' passed both houses but deleted core provisions related to Bitcoin reserves; on March 11, Senator Lummis resubmitted the (Federal Strategic Bitcoin Reserve Bill) (this bill was first proposed in July 2024 but did not pass in the Senate committee). What signals do these policies convey? Why did the price not rise but fall after Trump established the strategic reserve?

As the market continues to decline, which assets are worth bottom-fishing? This article will analyze the investment value that transcends cycles in detail.
It is the only universal currency of Binance, the world's largest cryptocurrency exchange, and the only carrier of economic value within its ecosystem, directly reflecting the overall value of the Binance ecosystem. Currently, BNB ranks fourth in the cryptocurrency market with a market capitalization of $86 billion (excluding stablecoins).
Currently, crypto assets generally face unclear value capture paths; many tokens only stay at the governance function level, lacking direct correlation with the underlying project value. If one studies BNB's economic model, it becomes clear that platform tokens (e.g., BNB) are the most similar to traditional assets in the entire crypto ecosystem and are the assets with the highest value capture capability in the industry.

This month, $BTC the Bitcoin price has consecutively broken through two key price levels:
Short-term holders (STH) cost line (92K)
: STH behavior dominates

short-term price trends, so the STH cost line (STH-RP) often corresponds to the watershed of local bull and bear trends. When the BTC price falls below STH-RP, if the market is still in a bullish inertia, short-term chip optimism about subsequent trends remains, and the willingness to sell near the cost price decreases, driving the price to rebound.
However, in this decline, BTC failed to stabilize near the cost line, indicating that STH's market sentiment and absorption capacity have clearly weakened, panic selling has intensified, and the market has entered a downward spiral, with the trend shifting from bullish to bearish;

1. $RED Reasonable launch price prediction
Based on the pre-market price, valuation of projects in the same track, historical yield of Binance Launchpool, RedStone financing pricing and market sentiment, the launch price of RED is expected to be in the 1u-2u range, corresponding to a new issuance income of 0.27%-0.54%
Current pre-market price of RED ~1.2u

The yield of the previous $BIO Launchpool was 0.52%, corresponding to a RED price of ~1.92u. Considering the recent market sentiment, the yield of this period is unlikely to exceed this level.
2. What is the Binance pre-market circuit breaker mechanism?
The RedStone pre-market trading will pilot the "Upward Circuit Breaker Mechanism". In the first three days after the new coin is listed, the upper limit of the increase is set at 200%, 300% and 400% of the opening price respectively (i.e. if the price of RED rises to 200% of the opening price on the first day, the transaction will trigger the upper limit.)