Hawk缘分

Family, we are witnessing history! Today the crypto market is simply explosive, with Bitcoin and Ethereum both surging! Bitcoin has strongly broken through $120,000, setting a new historical high with an intraday increase of over 3%. Its market capitalization has exceeded $2.4 trillion, entering the top five in global asset rankings! Ethereum is also not to be outdone, breaking through the $3,000 mark, reaching a new high in five months, with a 40% increase in on-chain transaction volume over the past 24 hours.

This round of increase was directly triggered by market capital speculation and technical breakthroughs. Bitcoin's break of the historical high triggered programmatic stop-loss orders, creating a 'long squeeze', further pushing up prices. Moreover, after breaking through key resistance levels, it also activated technical buying. From the perspective of core driving forces, institutional funds continue to enter the market, with Bitcoin spot ETFs seeing a net inflow for 21 consecutive days, and BlackRock's IBIT holdings surpassing 300,000 BTC, with institutional holdings now accounting for 6.8% of circulating supply. Additionally, Ethereum 2.0 has completed its final shard upgrade, with TPS increasing to over 100,000 and gas fees dropping to historical lows, boosting market confidence. Coupled with the macro environment, where the Federal Reserve's interest rate cut expectations have advanced, and the U.S. June CPI has dropped to 2.1%, funds are accelerating towards high-volatility assets.

This wave of market activity has been too intense, with $169 million liquidated across the network in the past 12 hours, of which approximately $165 million were short liquidations. Nevertheless, the cryptocurrency market has clearly entered a new development stage, with Bitcoin gradually transforming from a 'speculative asset' to a 'macro hedge tool'. How long do you think this bull market can last? #BTC重返12万 #ETH突破4300 #BTC #ETH #BTC🔥🔥🔥🔥🔥

Sector Rotation! Bitcoin is rising, and these altcoins are also about to embark:
Given that Bitcoin has returned to the previous high, the probability of altcoins returning is quite high, so Sol's current price is 186, with a bullish expectation to around 200.

Pengu is currently priced at 0.041, with hopes of returning to the previous high of 0.045.
We entered ENA at 0.72, reduced some holdings in between, and this time it might reach around 0.89 before we exit completely.
Sui is currently at 3.94, possibly rising to around 4.2.

Before Bitcoin's surge, I was hesitant to enter; now that Bitcoin is rising, we mentioned on Saturday that it needed to break through, and I believe the opportunity for altcoins to catch up has increased. However, the risk is also high, so it’s best to stick to spot trading or low leverage. If you prefer stability, waiting for a pullback before entering is also an option.

ETH breaks 4000 USD, bull market celebration!🧧🧧🧧🧧🧧🧧🧧🧧🧧🧧🧧 I'm giving out a big red envelope! Hurry up and follow, like, and share to catch some good luck!