Murphychen888

Only when we lose our health do we understand how important it is...

The doctor said it is due to long hours of sitting, lack of movement, staying up late, and other bad habits.

I may need to rest for a few days, I am really sorry, friends!

Trading is not the only thing in life.

I wish you all well! I will be back soon, wait for me...

The brand new App UI is now live

Binance has undergone a dual upgrade of 'highly customizable + AI recommendations' to make your crypto entry truly 'access common functions with one step, never miss important information'. In short, you are in control of your homepage, and the system understands you better with use.

🚩 Step One:
Update App → Enter the new interface; the new UI is simple and smooth, with functional entrances clear at a glance.

🚩 Step Two:
Long press any widget → Drag and arrange; for example, if you want to move spot trading to the top? Just drag it over.

🚩 Step Three:
In the next second, AI will 'serve you'; it will automatically prioritize and display the market modules or investment opportunities that match your click history and position preferences, keeping your homepage always at the 'just right' information level.

Overall, I personally feel that the new version of the APP offers a refreshing interactive and visual experience. The old homepage displayed all spot, futures, investments, Launchpad... resulting in serious information overload. In the new version, I can place the modules I care about most in the center position, eliminating the need to search back and forth among numerous entrances, reducing the clicking levels by over 50%, making it more concise and efficient to use.

Friends can experience it together~~~

#BinanceApp

When there are no opportunities to take advantage of in Launchpool, I will use idle USDT to arbitrage through the Binance USDC/USDT trading pair, with a return rate of 0.01% for each round trip. I wrote a script that typically yields about 4 round trips per day under normal conditions, which means a profit of $4 from $10,000.

Moreover, such arbitrage trades carry low risk and high flexibility, allowing me to stop and retrieve USDT anytime when market conditions arise. Therefore, I am quite sensitive to the USDC/USDT exchange rate. Usually, the USDC exchange rate is inversely proportional to the price of BTC; the lower the exchange rate (below 1), the higher the BTC price.

The logic behind this is that more people are selling USDC to buy USDT, indicating an increased demand for USDT, which enhances the purchasing power within the Binance exchange, benefiting the strong price of BTC.

However, in recent days, I have noticed that even when the USDC/USDT rate has dropped to 0.9994, the price of BTC has not shown significant improvement. Furthermore, the transaction frequency of my USDC/USDT arbitrage program has also greatly decreased (see Figure 3). At first, I thought it was due to the holiday, but even on weekdays, the situation remains the same.

This can only indicate that even though the current USDC exchange rate is low, the liquidity is really poor, and the demand for USDT is weakening, leading to insufficient purchasing power. Friends who are interested can pay attention to this as it may also serve as a supplementary sentiment indicator.

The biggest difference in this cycle compared to the past is that the BTC buying pattern, once dominated by on-chain whales and retail investors, is gradually giving way to new market players — more and more companies and institutions are quickly entering the market, from BTC spot ETFs to strategic reserve legislation, from MicroStrategy to Metaplanet, the large-scale positions taken by traditional capital are continuously reshaping the price curve and influencing market sentiment.

Taking MicroStrategy as an example, as of the end of May 2025, it has accumulated over 580,000 BTC, with a total investment of over $40.6 billion. This year, it has frequently increased its positions, with single purchases often exceeding $100 million. If such position-building dynamics cannot be tracked in real-time, important signals in the market can easily be overlooked.

Some friends are struggling with the lack of effective tools and resort to manually tracking various companies and capital buying BTC data. Such operations are not only time-consuming and labor-intensive but also cannot be updated synchronously. While some platforms can provide professional data, the high usage costs deter many.

(Figure 1)

To address this pain point, I recommend to my friends the newly released "BTC Treasuries Dashboard" by SoSoValue, a real-time observation tool (as shown in Figure 1). It is currently the only free data platform in the industry that supports "enterprise-level BTC holding real-time tracking + multi-dimensional visualization." All its data is sourced from corporate announcements, financial reports, and official statements, and it synchronizes immediately after the information is released, avoiding the lagging mode of traditional platforms that rely on "scheduled refreshes."

By opening the dashboard, you can quickly understand: which companies are increasing their holdings, the scale and cost of purchases, as well as the distribution situation across different countries and industries (mining / non-mining). I can briefly introduce its advantageous features:

(Figure 2)

🚩Data is verifiable: The bottom of the page prominently states "All information comes from official documents," and each line in the leaderboard includes a link to the original announcement, facilitating secondary verification (e.g., MicroStrategy's 10-K report link).

🚩Clear and user-friendly structure: The bottom card displays core indicators such as listed companies holding BTC, latest purchase quantities, holding costs, holding value, and cash reserves (as shown in Figure 2).

(Figure 3)

🚩Real-time synchronization: When a company updates its holdings or releases a new purchase announcement, the Dashboard immediately refreshes the Weekly Net Inflow indicator; the data of net inflow of $878.29M and 8,394 BTC on May 19 is the result of minute-level writing triggered by the event.

From the current data, all listed companies hold a total of 630,000 BTC, accounting for 3.17% of the circulating supply of BTC; among them, MicroStrategy alone holds 580,250 BTC, with an average holding cost of $69,979, accounting for 92% of the total holding share. The second is Tesla, holding a total of 11,509 BTC. (Will update after tonight's data comes out)

The amount that MicroStrategy buys each time varies, but each purchase is almost not significantly correlated with the secondary market price of BTC, indicating that most listed companies complete the settlement through over-the-counter trading. In the short term, the effect is to boost market confidence and lock in a large amount of liquidity. In the long term, as more companies like MicroStrategy join, it has a positive driving effect on continuously raising the lower limit of BTC prices.

(Figure 4)

🚩Three perspective switches: leaderboard + map + structural chart, supports viewing "mining / non-mining";
1. Leaderboard: Lists companies and holding details line by line;
2. Map: Bubble chart visually presents regional concentration;
3. Structural chart: Weekly net inflow bar chart + cumulative holding curve;

Through the above four major feature functions, the BTC Treasuries Dashboard provides a credible, timely, and easy-to-use data tool for analyzing institutional buying trends, with the key point being completely free and open! It is an important assistant for friends writing research reports, creating popular science content, and observing market sentiment.

Product link: https://t.co/xLgKQCyUzB

SoSoValue has a series of actions and products launching soon, so interested friends can keep an eye on it!

A "metaphysical prophet" who was delayed by cryptocurrency speculation

If I tell you that someone can make predictions in advance, whether it is time or point, he can hit it accurately almost every time; whether it is a long cycle or a short medium-term, he seems to be omnipotent. Maybe he does not rely on analysis to speculate in cryptocurrency, but only on metaphysics. Do you believe it?

📢【2022-12-24】
He predicted that the current cycle is the bottom (go sell your kidney) and there will be a wave of bull market in 5-6 months; —— BTC rose from $16,000 to $30,000 in 6 months; successfully fulfilled.

He predicted that the high point of the next bull market will appear in October 2024-February 2025; —— BTC broke through the historical high of 100,000 US dollars twice in December 2024 and January 2025; successfully fulfilled.

The proof is as follows:
https://t.co/9AWS6Sglaq

📢【2024-7-12】
He predicted that the lower limit of BTC's callback channel would be around $49,500; —— BTC callback to $49,000 on August 5, 2024, and has never been lower than this price since then; successfully fulfilled.

He predicted that around October 2024-November 2024, the BTC price will once again reach the $70,000 mark; —— BTC rose to $71,436 on October 30, 2024; successfully fulfilled.

He predicted that there would be a sharp callback around December 2024-January 2025; —— BTC fell from $108,000 to $89,000 from December 17, 2024 to January 13, 2025; successfully fulfilled.

The proof is as follows:
https://t.co/btNAyhrH4g

📢【2025-3-20】
He predicted that the bottom of this callback would be around $75,000; —— BTC fell to a low of $74,508 on April 7, 2025; it was successfully fulfilled.

He predicted that if the market did not go bearish, the next wave of market would not exceed $116,000; —— The current high point was $111,980 on May 22; it has been fulfilled for the time being.

The proof is as follows:
https://t.co/k5Fj3Q8Lco

📢【2025-5-21】
He predicted that there might be a turning point on May 25 (see Figure 1/2) —— It has been fulfilled for the time being.

The proof is as follows:
https://t.co/5tU0q6wMxo

So, do you think this person should be defined as a "data analyst" or a "metaphysical prophet"? Okay, I know you already have the answer in your mind.

He himself began to doubt whether the so-called on-chain data, macroeconomic policies, K-line technology and other academic values ​​are inferior to "metaphysical theories". Study it carefully, and if one day he stops trading cryptocurrencies, he can set up a stall to observe the stars and tell fortunes for people at night......

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Hahahaha, the above content is all serious nonsense, just to make you laugh. It's a rare holiday, spend more time with your family, cryptocurrency trading is not our only thing, there are also poetry and distant places in life!

I wish you all a happy Dragon Boat Festival!

My little partner lost 120 million...

On May 7th, a young lady came to me, saying that one of her big brothers opened a short position of 600 BTC at $88,500. I looked at the screenshot she sent me at that time, and it was already showing a floating loss of 6.44 million USD. This big brother entrusted the young lady to ask for my advice on whether there was a risk of liquidation (liquidation price $101,553), while BTC was around $97,000 at that time.

This young lady is my fan (I don’t know if the big brother is), and she has attended my class offline, so we added each other on WeChat. She repeatedly reads every tweet I post, and sometimes she sends me messages when she doesn’t understand something. She is quite a familiar partner with whom I often communicate.

Usually, I don’t give any investment advice for my partners’ inquiries. But when I saw this amount, I was still very shocked. My first reaction was to want to help her, so without much thought, I replied that I suggested raising the liquidation price to $120,000, as $101,553 was definitely not safe. Although I am not saying that BTC will definitely reach $120,000, in my understanding, looking at the current data, there is still room for speculation in the short term.

I know that suggesting compensation at this time is not rational, but at this moment, I couldn't persuade him to surrender and close the position immediately. When life and death hang in the balance, we have actually already lost the right to choose to cut off our own arm. Opening such a large position with 10x leverage against the trend is clearly beyond redemption.

The next day, the young lady sent a message saying that the big brother was liquidated, and 120 million was gone...

120 million is an amount that most people will never see in their lifetime; it disappeared overnight, which indeed made me feel extremely regretful. This is not a joke; it is a real event that happened around me.

Leverage is an incredibly sharp double-edged sword that ordinary partners cannot handle. Perhaps you often see bloggers showcasing their glorious achievements in contracts, and you must have a thousand reasons to convince yourself, "Why can others succeed while I cannot?"

But! What I want to say is, but what you see is what others want you to see! However, in reality, there are countless 'big brothers' whose abilities, strengths, and insights far exceed yours, who also face defeat and loss on the contract battlefield. And these are things you cannot see!

Please remember! In the crypto world, we are not competing over who earns more, but who survives longer...

Interpretation of CoinDesk's '2025 Benchmark Assessment Report on Digital Asset Exchanges' - Binance

As the cryptocurrency market matures, compliance and regulation are constantly strengthening, and users are increasingly inclined to choose trading platforms with security, transparency, and market depth. According to the report released by CoinDesk in April 2025 titled 'Global Standards for Assessing Risks Related to Digital Asset Exchanges', Binance ranks at the forefront of various assessment indicators.

(Figure 1)

In this report, Binance scored 90.11 in spot trading and 90.8 in derivatives trading, receiving AA ratings in both areas and ranking first. This demonstrates that Binance leads among major trading platforms in terms of trading depth, liquidity, and technical execution.

(Figure 2)

Despite being penalized in ratings due to negative events during the assessment period, Binance ultimately maintained an AA rating. Binance (90.1) ranks first, followed by Coinbase (89.8), Bitstamp (88.4), and Kraken (84.5); this indicates that Binance has a solid compliance foundation and risk management mechanism, allowing it to withstand regulatory risks.

(Figure 3)

The level of security and information disclosure demonstrated by Binance in this assessment includes: 1. Dual security certifications of ISO and SOC; 2. Providing audited proof of reserves; 3. Supporting third-party custody and over-the-counter settlement (OES) mechanisms.
These practices highlight Binance's commitment to user fund security and platform transparency following the 'FTX crisis'.

(Figure 4)

According to the report data, Binance's spot trading volume accounts for 26.7% of the global exchange market, nearly three times that of the second place (Cryptocom, 7.2%), reflecting Binance's absolute advantages in trading liquidity, matching efficiency, and platform trust.

In the fiercely competitive centralized exchange arena, data reports based on independent assessments help investors gain a more comprehensive understanding of the relative risk levels and operational quality of platforms, providing important data references for the healthy development of the industry.