致远实战为王

币圈沸腾！比特币价格再次迈出历史性一步，或已成“末日避险资产”……
在美国稳定币立法取得进展的背景下，市场对特朗普总统任期内监管清晰度的预期升高，周四，全球最大的加密货币比特币价格一度上涨2.7%，并将历史新高刷新至11万美元上方。比特币此前的历史高点是在特朗普于1月20日就职时创下的。
得益于近期的监管顺风，包括周一一群民主党人放弃反对意见后在美国参议院取得进展的稳定币法案，比特币和更广泛的加密市场在最近几周有所上涨。这项由行业支持的监管法案目前已准备在参议院进行辩论，一个两党小组希望最快能在本周通过。
“这是加里·詹斯勒（Gary Gensler）和美国证券交易委员会（SEC）的处理方式向特朗普政府的转变，后者拥抱了我们的行业，”Galaxy Digital创始人兼首席执行官Michael Novogratz周三在采访中表示。“这解放了国内外市场的‘动物精神’。”
拟议立法的条款已进行了修订，包括对洗钱、外国发行方、科技公司更严格的限制，并改善了消费者保护，它还将确保国内外发行方都面临相同的规则。
比特币在特朗普政府引入贸易关税引发的金融市场动荡期间，曾被一些市场参与者视为避险资产。随着美国预算谈判的僵局使人们关注赤字支出的增长，这种说法最近获得了更多的关注。
“当一个国家有如此巨额的债务时，我们正处于一个非常艰难的境地，美元也面临压力，”Novogratz说。“这对比特币和加密资产也都是利好。”
本周早些时候，期权交易者已在比特币上建立了看涨头寸，其中6月27日到期的押注比特币将涨至11万美元、12万美元和30万美元看涨期权的未平仓合约数量最多。 根据Amberdata的数据，在过去24小时内，将于6月下旬前到期、行权价高于11万美元的短期看涨期权需求激增。
根据Coinglass汇编的数据，尽管加密资产出现突破，但在过去24小时内，多头和空头押注的强制平仓量仍保持在适中水平，约为2亿美元。
芝加哥商品交易所集团（CME）托管的比特币期货未平仓合约较4月的年内低点回升了23%，同时投资者在5月迄今已向美国约12只比特币交易所交易基金（ETF）注入了约36亿美元。
今年迄今，比特币已上涨约14%，表现优于美国股票等其他风险资产，纳斯达克100指数自去年12月以来下跌了约2%。
推动这一优异表现的因素包括Michael Saylor的Strategy公司（原MicroStrategy）和其他效仿其比特币购买策略的公司的需求激增。这家前软件制造商已囤积了价值超过500亿美元的比特币。
比特币矿商、一系列鲜为人知的小型公司以及由加密行业重量级人物新成立的上市公司，正在提供从可转换债券到优先股的各种产品，为投资者提供不同形式的比特币敞口。Cantor Fitzgerald LP的一家关联公司正与稳定币发行商Tether Holdings SA和软银集团合作，推出Twenty One Capital Inc.，这是一家效仿Strategy商业模式的公司。
由Vivek Ramaswamy共同创立的Strive Enterprises Inc.旗下子公司，正与纳斯达克上市公司AssetEntities Inc.合并，成立一家比特币国库公司。
此次创纪录的飙升发生之际，特朗普正准备在他位于华盛顿郊外的高尔夫俱乐部举行晚宴，与他模因币的最大持有者会面。这一事件引发了道德专家的担忧，他们认为这为一些人提供了直接接触总统的机会，并引发了对潜在利益冲突的批评。

① 【Three Major Indexes Mixed】As of the time of writing, Dow futures are down 0.03%, S&P 500 futures are up 0.15%, and Nasdaq futures are up 0.24%.
② 【Cryptocurrency Concept Stocks Up in Pre-Market】As of the time of writing, Bitcoin has surpassed $110,000, reaching a new high, and cryptocurrency concept stocks are collectively rising in pre-market trading, with Bit Origin up over 20%, CleanSpark up over 4%, MARA Holdings up nearly 4%, and Coinbase and Strategy up over 2%.
③ 【Star Chinese Concept Stocks Generally Decline in Pre-Market】Star Chinese concept stocks generally declined in pre-market trading, with Bilibili down over 2%, Li Auto down over 1.6%, Alibaba down nearly 1.5%, and NetEase and Baidu down over 1%.

Trump has just concluded his trip to the Middle East, the U.S. credit rating has been downgraded, China has sold U.S. bonds, and the U.S. side is anxious. Trump has expressed his willingness to visit China; will China agree?
Under President Trump's misguided tariff policies, various sectors in the U.S. have been impacted, especially China's retaliatory tariffs, which have caused the U.S. to reassess China's economic strength. Amid mounting pressure, Trump visited Saudi Arabia, Qatar, and the UAE from May 13 to 16, during which Saudi Arabia promised to invest $600 billion in the U.S. over the next four years and agreed to sign a military sales agreement worth nearly $142 billion with the U.S. The UAE stated it would invest $1.4 trillion in the U.S. over the next decade. It is evident that this trip to the Middle East was more about raising funds, as the White House excitedly stated that Trump secured over $200 million in investments, but the reality is quite different.

Are you still worried about finding high-potential investment projects? Bitcoin has now broken through the $110,000 mark, supported by multiple favorable factors, and a wealth feast is heating up!
The regulatory environment is favorable, and the market outlook is bright.
Recently, significant progress has been made in U.S. stablecoin legislation, with the Senate passing procedural votes on the Stablecoin Unified Standards Protection Act, which will soon undergo a full vote. Once the regulatory framework for USD stablecoins is established, numerous financial and tech giants will rush in. Even Trump has expressed hope for Congress to submit the bill for signing soon. The market's confidence in U.S. regulation is becoming increasingly clear, and optimistic sentiment is directly driving Bitcoin to soar! It is also worth mentioning that some Democratic lawmakers have withdrawn their opposition, and the stablecoin regulatory bill is set to be debated in the U.S. Senate, with both parties accelerating its passage, potentially completing it this week. This greatly enhances investors' confidence in the cryptocurrency market, and the investment value of Bitcoin is soaring!

Asian market early session
Recent positive news for cryptocurrencies has been frequent, with Bitcoin once again breaking through the $107,000 level this week, gradually approaching its historical high. On Wednesday, Asian markets showed mixed sentiments, fluctuating narrowly around the $107,000 level, with trading volume not being active and the market maintaining a cautious attitude at this stage high.
Fundamentals
The Bitcoin market has recently welcomed a series of key turning points, displaying unprecedented positive signals from policy levels, institutional participation, and market sentiment. The support rate among the American public for converting the national gold reserves into Bitcoin has reached 80%. This figure not only reflects the recognition of cryptocurrencies by ordinary investors but also suggests that the boundaries between the traditional financial system and digital assets are gradually being broken down.

Yesterday, on May 19, the Bitcoin market experienced a thrilling shock. On that day, Bitcoin (BTC) price movements were like a roller coaster, once surging strongly past $107,000, reaching a new high in nearly five months. Such a sharp upward trend attracted many investors to rush in, with many convinced that Bitcoin would embark on a new round of strong upward momentum. However, the market suddenly turned sharply downward, followed by a significant price drop. As of the time of writing, Bitcoin was quoted at $103,600, having fallen more than $3,000 from its peak.

Severe price fluctuations triggered a chain reaction in the market, leading to a wave of liquidations. According to Coinglass data, a total of 140,000 people were liquidated globally in the past 24 hours, with a total liquidation amount reaching $600 million. Among them, the liquidation amount for long positions was $370 million, while the liquidation amount for short positions was $230 million. This means that both investors betting on a rise in price and those expecting a drop have suffered significant losses in this massive shock, with large amounts of capital evaporating in an instant.

In one day, two Bitcoin-related companies will go public in the U.S. stock market through a merger.
It is noteworthy that both companies have close ties to the current U.S. President Trump. One is a company in which his son has invested, while the other is a company founded by Trump's cryptocurrency advisor.
Expansion of Trump's cryptocurrency empire.
On Monday, a company called 'American Bitcoin' announced its merger with Gryphon Digital Mining (GRYP.O). This company was just established in March this year, with major funding from the American Bitcoin mining company Hut 8, as well as members of the Trump family.