zhao qi

Collecting funding fees every hour is too scary.

$ETH is the second largest blockchain platform in the world, founded by Vitalik Buterin and others in 2015. Its core function is to support smart contracts and decentralized applications (DApps). Its native token ETH is not only the transaction fuel (Gas fee) but also the core asset of ecosystems such as DeFi and NFTs.

Ethereum is known for its technological innovation: in 2022, it completed 'The Merge', transitioning from the energy-intensive PoW mechanism to the environmentally friendly PoS consensus, and plans to enhance performance through sharding technology and Layer 2 scaling solutions (such as Rollups). Its smart contracts support automated execution of protocols, giving rise to innovative fields such as decentralized finance (DeFi), blockchain gaming, and DAOs.

As the infrastructure of Web3, the Ethereum ecosystem covers thousands of DApps, with a long-term total locked value (TVL) consistently at the top. Despite challenges such as high Gas fees and competition from other public chains (such as Solana), its security, developer community, and continuous upgrades (like the Pectra upgrade in 2025) still reinforce its industry-leading position, making it a benchmark in the evolution of blockchain technology.

#以太坊的未来 Ethereum (ETH) presents a coexistence of technological innovation and market competition in its future development in 2025.

-Technical Aspects-

Ethereum will significantly enhance network performance through the Pectra upgrade (launching on May 7, 2025), including optimization of scalability (such as PeerDAS and Verkle Trees technology), reduction of transaction costs (by supporting stablecoin payments for Gas fees through EIP-7702), and enhancement of the staking mechanism (such as increasing the staking limit for individual validators to 2048 ETH). Additionally, Vitalik Buterin's proposed long-term plan to replace the EVM with the RISC-V architecture aims to improve execution efficiency by 100 times and enhance zero-knowledge proof compatibility, paving the way for new applications like on-chain AI.

-Market and Competition-

Ethereum faces challenges from public chains like Solana, which holds advantages in daily active users (3.25 million vs. 410,000) and transaction volume (35.99 million vs. 1.13 million), but Ethereum still maintains competitiveness due to its ecosystem maturity and security.

-Price Prediction-

There is a clear divergence, with Standard Chartered bullish at $14,000 (based on ETF approval and technical upgrades), while in a pessimistic scenario, it could drop to $1,800 due to regulatory or economic recession impacts. Institutional interest (such as ETF fund inflows) and the regulatory environment (such as easing U.S. policies) are key variables.

Overall, Ethereum needs to achieve a balance between performance enhancement and decentralization principles through continuous innovation to solidify its position as the core platform for smart contracts and DeFi, while also addressing market volatility and external challenges.

As of April 25, 2025, the Trump team announced that the "TRUMP DINNER" gala will be held on May 22 in Washington, D.C., inviting the top 220 holders of TRUMP tokens by amount held, with the top 25 enjoying VIP treatment and special White House tour qualifications. Participants must pass a background check and wallet compliance review, expenses are self-funded, and Trump may be absent, with limited edition NFTs distributed as a substitute.

This news directly stimulated a short-term surge in TRUMP token prices by over 33%, reaching a peak of $14.37, with trading volume skyrocketing to $3.37 billion. However, there are significant speculative behaviors in the market: some whales made a profit of $730,000 through short-term buying and selling within 30 minutes, while the tokens are highly concentrated (the top 10 addresses control 82%) and the project team retains 80% of the unlocked tokens, raising concerns about a sell-off.

This event continues Trump's strategy of "political meme-ification," combining NFT marketing (such as previously purchasing 47 NFTs to qualify for the gala), driving short-term hype in token prices and market attention, but long-term value is constrained by token unlocking pressure and lack of actual application scenarios. Democrats criticize it as "disguised political donations," and compliance risks and regulatory uncertainties remain.

As of April 25, 2025, Bitcoin (BTC) has ranked among the top five in global asset market capitalization, demonstrating its significant position in the traditional financial system. According to the latest data, Bitcoin's current market capitalization is approximately $1.86 trillion to $1.87 trillion, surpassing Google's parent company Alphabet ($1.859 trillion), Amazon ($1.837 trillion), and silver ($1.855 trillion), making it the fifth largest asset globally, only behind gold ($22 trillion), Apple ($3 trillion), Microsoft ($2.7 trillion), and Nvidia ($2.42 trillion). This breakthrough marks Bitcoin's transformation from a 'volatile asset' to a mainstream value storage tool.

The growth of Bitcoin's market capitalization is primarily driven by the following factors:
1. Institutional and policy support: The United States has included it in the 'cryptocurrency strategic reserve', accounting for 45%, driving institutional funds to continuously flow in through ETFs (e.g., BlackRock's IBIT asset management scale exceeds $10.3 billion, surpassing the largest silver ETF);
2. Macroeconomic safe-haven demand: Global economic uncertainty (such as geopolitical conflicts and inflationary pressures) has prompted investors to view Bitcoin as 'digital gold', with its scarcity (total of 21 million coins) and decentralized characteristics reinforcing this role;
3. Technical and market sentiment: Bitcoin's price broke through $93,000 in April 2025, with a monthly increase of 15%, contrasting with the weak performance of the NASDAQ 100 index, highlighting its safe-haven properties independent of traditional tech stocks;
4. Long-term growth expectations: Some institutions predict that Bitcoin's price could hit $200,000 by the end of 2025, potentially challenging Nvidia ($2.42 trillion) and Microsoft ($2.7 trillion) in market capitalization.

Although there is a need to be cautious of technical correction risks in the short term (such as daily MACD divergence and RSI overbought signals), in the medium to long term, Bitcoin still holds breakthrough potential against the backdrop of institutional accumulation, delayed effects of halving, and liquidity easing. Its continuous rise in market capitalization reflects the increasing influence of digital assets in the global financial system.

As of April 25, 2025, the trend of Bitcoin (BTC) shows a high-level volatility pattern, with technical aspects and macro factors intertwining to influence market direction:
1. Short-term technical game, Bitcoin recently broke through the resistance level of $88,000, once surging above $93,000, but technical indicators show potential retracement risks. The daily MACD indicates a top divergence, the RSI is close to the overbought zone (74.49), and the 4-hour chart has repeatedly shown long upper shadows, indicating significant selling pressure above. The short-term support level is around $90,000; if it falls below, it may drop to the range of $85,500-$86,000.

2. Macroeconomic and funding support, expectations of interest rate cuts in the U.S., a weakening dollar index, and institutional funds continuously flowing in via ETFs (net inflow exceeding $1 billion from April 21-22) provide upward momentum for Bitcoin. After gold prices reached a historic high, Bitcoin's safe-haven attribute as 'digital gold' has further strengthened, with the market expecting it may break previous highs in the next five months.

3. Policy risks and market sentiment, adjustments to the tariff policy by the Trump administration (such as temporary exemptions) have alleviated some market pressure, but policy uncertainty remains. At the same time, risks such as Satoshi Nakamoto's holding of coins and other 'black swan' events may trigger extreme volatility.

4. Long-term trends, increased institutional holdings (e.g., MicroStrategy holds over 500,000 BTC), several countries incorporating Bitcoin into their strategic reserves, combined with the lagging effects of the 2024 halving, suggest a long-term target price of $150,000-$200,000.

In summary, Bitcoin needs to be cautious of technical corrections and policy disturbances in the short term, but in the medium to long term, under the backdrop of increased institutional holdings, safe-haven demand, and liquidity easing, it still has breakout potential. Investors need to pay attention to the breakthrough of key support/resistance levels and the guidance of macro data (such as CPI, Federal Reserve policies) on market sentiment.

$TRUMP TRUMP Coin is a political-themed meme coin launched by former U.S. President Donald Trump and his family, officially issued on January 18, 2025. It aims to combine its political influence with the speculative nature of the cryptocurrency market. The token is designed around Trump's personal image and slogan, and is issued based on the high-performance features of the Solana chain, with an initial opening price of $0.1824. Within 12 hours, it surged over 15,000%, with a market cap once exceeding $32 billion, becoming one of the highest market cap meme coins.

The total supply of TRUMP Coin is 1 billion pieces, of which 80% is held by entities affiliated with the Trump Group (such as Fight Fight Fight LLC), while the remaining portion is circulated in phases. This highly concentrated token distribution has sparked controversy, criticized as profiting from the presidential position and blurring the lines between politics and business. Its price is highly volatile, having dropped from a peak of $75 to $17 due to market sentiment and the diversion of similar tokens (such as Melania Coin MELANIA), showing extremely high speculative risk.

The promotional strategy for this token includes direct endorsement from the Trump family, viral dissemination through social media, and even marketing tactics such as “holding a coin ranking in the top 220 can participate in a private dinner with the president” to stimulate demand and further increase market enthusiasm. Although the Trump administration claims to promote crypto-friendly policies (such as relaxing regulations and establishing strategic Bitcoin reserves), the long-term value of TRUMP Coin still relies on ecological development, currently lacking real-world application scenarios, and is viewed by most analysts as a short-term sentiment-driven zero-sum game.

The launch of the world's first spot Solana ETF in Canada has a significant impact on the cryptocurrency market in three main areas:
1. Increased Institutional Participation: This ETF allows investors to directly hold SOL tokens and earn an annualized return of 6%-8% through staking, reducing the barriers for traditional investors to participate in the crypto market and attracting more institutional capital. For example, U.S.-listed company Janover has increased its holdings of SOL worth $10.5 million and initiated staking, indicating increased institutional confidence.
2. Regulatory Demonstration Effect: The ETF with staking functionality opened in Canada contrasts with the conservative stance of the U.S. SEC, potentially prompting the U.S. to reassess the approval process for similar products. Currently, there are multiple Solana ETF applications pending approval in the U.S., and Canada's lead may accelerate global regulatory competition.
3. Market Volatility and Ecological Impact: Although the short-term price of SOL has fluctuated due to factors such as tariff policies (such as briefly dropping to $112 in early April), it rebounded nearly 20% within a week after the ETF launch, becoming the best-performing asset among the top ten tokens. At the same time, the TVL (Total Value Locked) of the Solana ecosystem, measured in SOL, reached an all-time high, with DEX trading volume accounting for 24%, reinforcing its competitiveness as a public chain.

In the long run, this move may drive more applications for altcoin ETFs and strengthen the legitimacy of crypto assets within the traditional financial system, but it is also essential to be cautious of the continued impact of policy uncertainties on the market.

As of mid-April 2025, the price of Solana (SOL) has shown significant volatility. At the beginning of April, influenced by U.S. tariff policies and the overall pullback in the cryptocurrency market, SOL briefly plummeted by 13%, dropping to a low of $112, under pressure alongside Bitcoin and Ethereum. Subsequently, market sentiment gradually recovered, rising to $129.52 on April 15, with a weekly increase of 16.36%, but still facing key resistance at $130 in the short term. Technical indicators show that the current RSI is 65, with buyers in control but not overbought, support is around $117, and the MACD indicates increasing trend strength.

On-chain data shows that despite price fluctuations, the Solana ecosystem is performing strongly: at the beginning of April, the TVL (Total Value Locked) measured in SOL reached an all-time high (53.8 million SOL), with DEX trading volume accounting for 24%, surpassing competitors like BNB Chain. However, the selling pressure from the unlocking of 1.79 million SOL on April 4 and the waning popularity of Memecoins have exacerbated short-term price uncertainty.

In terms of institutional movements, the U.S. publicly traded company Janover increased its holdings of SOL worth $10.5 million on April 15, with total holdings exceeding 160,000 SOL, and initiated staking to enhance yields, showing institutional confidence. Additionally, news of Canada planning to launch a Solana spot ETF may serve as a catalyst for future price breakthroughs. Current market focus is on whether it can break the $130 resistance level, with long-term forecasts suggesting, due to ecosystem expansion and institutional adoption, that it may reach $400 within the year.

In recent years, there has been a growing call in the U.S. Congress for legislation to restrict stock trading by lawmakers, primarily stemming from public concerns about lawmakers profiting from insider information.

The Stop Trading on Congressional Knowledge (STOCK) Act, passed in 2012, requires lawmakers to disclose trading information and prohibits trading based on non-public information. However, the penalty is only $200, and the oversight is lax, leading to frequent violations.

Since 2022, several new proposals have emerged: for example, a bill proposed by Democratic representatives to combat financial conflicts of interest in government, which prohibits lawmakers and their families from holding stocks and cryptocurrencies, raises fines to $1,000, and requires electronic disclosure of assets.

The bipartisan "End Congressional Stock Trading and Holding Act" (ETHICS), introduced in 2024, is even stricter, prohibiting lawmakers, their spouses, and children from trading stocks. Violators will face a penalty of 10% of the investment value and are required to transfer assets into a blind trust. Additionally, some proposals prohibit holding individual stocks, allowing only investments in mutual funds or government bonds. Controversial issues include whether transactions by relatives are restricted, regulatory loopholes in blind trusts, and whether the penalties are sufficient. The Pelosi couple faced public pressure due to their precise trading in tech stocks, prompting Democrats to accelerate the legislative process. Polls show that over 80% of the public supports the ban, highlighting widespread concern about the crisis of trust in Congress.

On April 11, 2025, the U.S. Securities and Exchange Commission (SEC) released the 'Guidelines for the Issuance and Registration Disclosure of Securities in the Cryptocurrency Market' aimed at providing non-mandatory guidance applicable under federal securities laws for cryptocurrency projects, emphasizing the comprehensiveness and compliance of information disclosure. The core content includes:

1. Disclosure Scope and Requirements
Enterprises are required to detail their business model, token functions (such as governance, transaction support, etc.), technical architecture (including open-source or proprietary technology), development milestones, and sources of funding, ensuring consistency with the white paper and other technical documents. Tokens involving 'investment contracts' must additionally disclose the rights of token holders, supply mechanisms, and smart contract code (to be submitted as an attachment).

2. Risk and Legal Transparency
Risks such as token volatility, liquidity restrictions, and security vulnerabilities must be clearly indicated, along with explanations regarding dependencies on third-party blockchains or custodial services. The SEC has not explicitly defined the category of security tokens but requires enterprises to proactively assess their legal attributes to avoid misleading investors.

3. Financial and Governance Standards
Financial statements must comply with accounting standards, and information on management and key personnel (including informal positions that influence decision-making) must be fully disclosed. If tokens involve profit distribution or redemption mechanisms, the manner of exercising rights must be explained in detail.

Although these guidelines are not legally binding, they provide a reference framework for the registration process and reflect the new leadership's open attitude towards cryptocurrency regulation, intending to promote compliance through rules rather than solely through enforcement.

The application value of 34,281,494,858 Bitcoin is reflected in multidimensional innovation and practical scenarios. First, as a cross-border payment tool, Bitcoin achieves fast and low-cost international transfers thanks to its decentralized nature, making it particularly suitable for the global transaction needs of small and medium-sized enterprises and individual users, significantly reducing the fees and time costs associated with traditional banking systems. Secondly, its value storage function, due to its fixed total supply (21 million coins) and anti-inflation properties, has become a hedging choice for some investors against economic fluctuations, especially favored during times of increasing currency devaluation risk. On the technical side, Bitcoin's blockchain technology has driven financial innovation, such as smart contracts and decentralized finance (DeFi), enhancing transaction transparency and efficiency, and expanding into areas like supply chain management and digital identity authentication. In terms of privacy protection and asset management, Bitcoin's anonymity and security offer new solutions for personal privacy and digital asset storage, allowing users to manage assets through decentralized wallets, mitigating the risks associated with centralized institutions. Furthermore, Bitcoin promotes global financial inclusion, breaking geographical barriers and enabling unbanked populations to participate in economic activities. Despite facing regulatory and technological challenges, Bitcoin continues to reshape the financial ecosystem by integrating technological innovation with practical needs, showcasing its multidimensional application potential.

#币安安全见解 Binance, as a global leading cryptocurrency trading platform, has built its security system around compliance, technology, and user protection, forming a multi-dimensional defense mechanism. Below are my core security insights on Binance:

1. Compliance and Regulatory Advantages
Binance has obtained compliance licenses in 19 regions worldwide (such as India, Kazakhstan, etc.) and invested over $200 million to strengthen its compliance team, establishing a Financial Crime Compliance Department (FCC) composed of former law enforcement personnel and blockchain experts, assisting in the recovery of over $1 billion in stolen assets. Its Security Asset Fund for Users (SAFU) has a scale of $1.2 billion, and the Proof of Reserves (PoR) covers 31 types of assets, ensuring a 1:1 redemption capability.

2. Technical Security Architecture
The platform employs a cold and hot wallet separation strategy, with cold wallets offline storing most assets and hot wallets retaining only small amounts of funds, combined with multi-signature, encryption algorithms, and real-time monitoring systems to defend against hacker attacks. The official website uses HTTPS encryption, domain verification, and two-factor authentication (2FA) to mitigate phishing risks, recommending the use of Google Authenticator or hardware keys.

3. User Protection and Risk Management
Binance proactively freezes malicious market maker accounts, suspends trading of problematic tokens, and confiscates profits to compensate users, maintaining market fairness. The platform optimizes the listing mechanism, introduces community voting governance, and reduces the risk of project teams reaping profits. At the same time, users should be vigilant against phishing links, avoid operating on public networks, and regularly back up their mnemonic phrases.

4. Law Enforcement Collaboration and Anti-Crime
Through a global law enforcement training program, Binance assists in cracking down on international crime networks (such as FANCYCAT, Lazarus hacker group), freezing funds related to terrorism, and handling over 58,000 law enforcement requests in 2023, significantly reducing the proportion of illegal trading.

Through technological protection, compliance layout, and community co-governance, Binance continues to consolidate its 'safe haven' position, providing a benchmark example for the security of the cryptocurrency ecosystem.

#币安安全见解 Binance, as a global leading cryptocurrency trading platform, has built its security system around compliance, technology, and user protection, forming a multi-dimensional defense mechanism. Here are my core security insights into Binance:

1. Compliance and Regulatory Advantages
Binance has obtained compliance licenses in 19 regions worldwide (such as India, Kazakhstan, etc.) and has invested over $200 million to strengthen its compliance team, establishing a Financial Crimes Compliance Department (FCC) composed of former law enforcement personnel and blockchain experts, assisting in recovering over $1 billion in stolen assets. Its Secure Asset Fund for Users (SAFU) has a scale of $1.2 billion, and the Proof of Reserves (PoR) covers 31 types of assets, ensuring a 1:1 redemption capability.

2. Technical Security Architecture
It adopts a cold-hot wallet separation strategy, with cold wallets storing most assets offline and hot wallets only retaining small amounts of funds, combined with multi-signature, encryption algorithms, and real-time monitoring systems to defend against hacker attacks. The official website uses HTTPS encryption, domain verification, and two-factor authentication (2FA) to fend off phishing risks, recommending the use of Google Authenticator or hardware keys.

3. User Protection and Risk Management
Binance actively freezes malicious market maker accounts, suspends trading of problematic tokens, and confiscates earnings to compensate users, maintaining market fairness. The platform optimizes the listing mechanism, introduces community voting governance, and reduces the risk of project teams harvesting. Meanwhile, users should be wary of phishing links, avoid operating on public networks, and regularly back up their mnemonic phrases.

4. Law Enforcement Collaboration and Anti-Crime
Through a global law enforcement training program, it assists in cracking down on international crime networks (such as FANCYCAT, Lazarus hacker group), freezing terrorist-related funds, and handling over 58,000 law enforcement requests in 2023, significantly reducing the proportion of illegal transactions.

Binance continuously consolidates its status as a "safe haven" through technological protection, compliance layout, and community co-governance, providing a benchmark example for the security of the cryptocurrency ecosystem.

Protecting cryptocurrency assets requires multiple layers of defense. First, store the majority of assets in a hardware wallet (cold storage), keeping private keys offline to avoid online attacks. A hot wallet should only hold a small amount of funds for daily transactions. Second, keep private keys and recovery phrases strictly confidential; never take screenshots or store them in the cloud. It is recommended to make handwritten backups on fireproof and waterproof physical media, and to store them in different locations. Enable two-factor authentication (2FA), avoid using SMS verification, and prefer Google Authenticator or hardware security keys. Be cautious of phishing links; always verify the authenticity of websites before trading, and avoid clicking on unknown emails or social media messages. Regularly update wallet software and operating systems to patch security vulnerabilities. Diversify investments across different wallets and exchanges to reduce the risk of single points of failure. Finally, remain rational about high-yield projects, and be wary of smart contract vulnerabilities and scams. By combining technical protection with risk awareness, you can maximize the security of your digital assets.

#加密市场反弹 **Cryptocurrency market strongly rebounds, multiple favorable factors drive the rise**

In April 2025, the cryptocurrency market experienced a significant rebound, with Bitcoin (BTC) breaking through $83,000 and Ethereum (ETH) returning above $1,600. AI concept tokens led the charge with an increase of over 15%, while sectors like DeFi and Meme also strengthened simultaneously. This rebound is primarily driven by the following factors:

1. **Favorable policy stimulus**: On April 10, the Trump administration announced a suspension of tariff increases and a reduction in tax rates for multiple countries, easing market concerns over trade conflicts. This resurgence in risk appetite directly propelled the rise of cryptocurrency assets.
2. **Enhanced liquidity expectations**: The market anticipates that global central banks will maintain accommodative policies, coupled with the possibility of the Federal Reserve restarting "money printing" to support the economy, injecting liquidity into the cryptocurrency market.
3. **Tech stock linkage effect**: The recovery of the U.S. tech sector boosted market sentiment, with cryptocurrency-related stocks (such as Coinbase and MicroStrategy) rising in tandem, reinforcing confidence in capital inflows.
4. **Cycle and technical corrections**: Institutions like Bitfinex predict that this bull market will peak in Q3-Q4 of 2025, with the post-halving cycle combined with oversold corrections driving the rebound.

Analysts point out that in the short term, the cryptocurrency market remains closely linked to the stock market, and attention should be paid to subsequent macro policies and institutional fund movements. In the long run, the U.S.'s crypto-friendly policies and innovations like RWA (real-world asset tokenization) may become continuous growth drivers. In terms of risk, caution is needed against market volatility and short-term profit-taking pressure.

On April 10, 2025, U.S. President Trump underwent a phased adjustment of tariff policy. Trump announced via social media that in response to negotiation requests from multiple countries (over 75) through diplomatic channels, and based on these countries' commitments not to take retaliatory measures, he approved a 90-day tariff suspension measure, reducing some reciprocal tariff rates from the originally planned higher levels to 10%, effective immediately. This decision is viewed as a strategic move to respond to international pressure and create space for subsequent trade negotiations.

However, Trump's attitude had previously fluctuated. On April 8, he publicly stated that he would "not suspend the tariff policy" and rejected the EU's proposal for mutual tariff exemptions, emphasizing that negotiations and the implementation of tariff policies could proceed simultaneously. But on April 7, National Economic Council Director Hassett revealed that Trump was considering a 90-day suspension of tariffs for certain countries, indicating internal discussions regarding the policy.

Analysis from Yale University pointed out that this suspension has limited effects on reducing the overall average tariff rate in the U.S., with the comprehensive tax rate faced by consumers still at a high level not seen since 1934 (approximately 18.1%), reflecting that the long-term effects of tariff policy are difficult to mitigate in the short term. Former Commerce Secretary Gutierrez predicted that the relevant tariffs might be canceled in the second half of 2025, but current officials hold an opposing view, indicating that there remains uncertainty regarding the future of the policy.

The Bitcoin network is a decentralized peer-to-peer (P2P) payment system that operates on blockchain technology, without relying on banks or third-party institutions. Its core features include:

1. **Blockchain Ledger**: All transactions are publicly recorded on a distributed ledger, verified by global nodes, ensuring transparency and tamper-resistance.
2. **Proof of Work (PoW)**: Miners compete with computational power to package transactions and maintain network security, earning BTC rewards (6.25 BTC per block, after the 2024 halving).
3. **Decentralization**: Maintained by tens of thousands of nodes worldwide, with no single controlling entity, resistant to censorship and downtime.
4. **21 Million Limit**: A hard cap on total supply enforced by algorithm, giving it scarcity.

The Bitcoin network is both a digital currency system and a value storage experiment, redefining trust and financial autonomy.

#保持SAFU Keeping SAFU (Safety First) - Three Key Points

1. Capital Security Protection
In the volatile crypto market, ensuring the safety of assets is the top priority. Use cold wallets to store large amounts of assets to avoid single-point risks at exchanges; enable 2FA (two-factor authentication) and hardware keys to prevent phishing attacks. For example, in the 2022 FTX collapse, cold wallet users experienced zero asset loss, while exchange users lost over $8 billion.

2. Risk Diversification Strategy
Never go all-in on a single asset; rationally allocate mainstream coins like BTC and ETH along with stablecoins. Follow the “5% rule”: high-risk assets should not exceed 5% of total funds to avoid devastating impacts during extreme market conditions.

3. Information Verification Awareness
Be cautious of social media “pump and dump” traps, and independently verify project information. A 2023 PeckShield report shows that approximately 42% of losses throughout the year were due to scams from fake projects. The core of keeping SAFU is: your keys, your coins; your negligence, your cost.

Three Core Values of the #加密市场回调 Cryptocurrency Market Correction

1. Squeeze Out Speculation for Health
A correction is a key mechanism for the market's self-correction, effectively squeezing out the valuation bubbles formed by short-term speculation. When asset prices surge far from their fundamentals, corrections eliminate over-leveraged speculators through price declines, gradually aligning valuations with actual application value. For example, the 50% deep correction of Bitcoin in May 2021 cleared nearly $10 billion in futures contracts, creating a healthier valuation foundation for subsequent institutional investment.

2. Create Strategic Opportunities
Price declines create a "value pit," providing high-quality entry points for long-term investors. Historical data shows that the average return rate within 12 months after Bitcoin's corrections of over 30% reaches 215%. During the market adjustment in August 2023, institutions like BlackRock took advantage of low prices to accelerate the preparation of spot ETF investments, ultimately driving the compliance process in early 2024.

3. Optimize Market Structure
The correction process reshapes the structure of market participants: it forces weak-risk-bearing retail investors to exit, increasing the proportion of institutions and long-term holders. On-chain data indicates that whenever the proportion of "diamond hands" holding Bitcoin for over a year exceeds 65%, the market often enters a more stable appreciation cycle. This metabolism ensures the sustainable development of the ecosystem.