CriptoPotter

Yesterday, Bitcoin fell below the $90,000 threshold, and market risk aversion surged sharply. The yen appreciated 6% in six weeks, technology stocks weakened, and investors were on edge. In July last year, the Bank of Japan's interest rate hike caused Bitcoin to plummet by 20%, and now a similar scene is reappearing.

In the current market, hedge funds are using Bitcoin spot ETFs, particularly ibit and cme futures, to arbitrage for excess returns. However, as the basis approaches U.S. Treasury yields, if Bitcoin falls and narrows the arbitrage space, funds are likely to close their positions during U.S. stock trading hours, further driving Bitcoin prices down.

With Bitcoin spot prices falling, its ETFs are also struggling. According to Four Side Investor data, yesterday, U.S. Bitcoin ETFs saw an outflow of $516 million, with Ethereum seeing an outflow of $78 million, and fbdc and ibit each experiencing an outflow of $150 million. The bull market driven by ETFs is now seeing a withdrawal of funds; whether this is coincidence or a signal of a market trend change needs to be observed through changes in the cryptocurrency market, U.S. stocks, leverage, and Bitcoin strategy holdings and market capitalization.

The market premium rate for Bitcoin strategy dropped from 3.4 times last year to 1.6 times, making it more difficult for Michael Celery to finance Bitcoin purchases. Market trading activity and confidence are declining. However, the options market's annualized performance remains around 8%, and traditional arbitrage funds and leveraged returns still hold appeal, indicating that financiers have not fully withdrawn.

The impact of the bybiy hacker attack continues to escalate, with Ethereum, Solana, and Dogecoin experiencing significant declines this week. After the Asian session opened on Tuesday, the downward trend did not stop, with a two-day decline of 20%, putting pressure on the market. CMC data shows that the altcoin index is only 25, and among the top 100 cryptocurrencies by market capitalization, only 25 outperformed Bitcoin. The decline in Bitcoin has put pressure on altcoins. The effects of the bybit hacker incident and related sell-offs of Solana are still ongoing, combined with token unlocks and increased market supply, which may trigger a wave of selling.

Currently, many traders are bullish on Bitcoin; if the market continues to decline, new funds may flow in quickly. However, the altcoin market lacks new trends, and future movements remain uncertain. #比特币价格走势分析

$BTC This week's outflow of Bitcoin ETFs accounts for less than 2% of total assets, with over 98% of funds still choosing to hold💰.

Something delayed me😶‍🌫️
Live broadcast at 9 o'clock, don't go short. #BTC
Futures gaps are becoming more popular~

Something delayed me😶‍🌫️
Live broadcast at 9 o'clock, don't go short. #BTC
Futures gaps are becoming more popular~

Something delayed me😶‍🌫️
Live broadcast at 9 o'clock, don't go short. #BTC
Futures gaps are becoming more popular~

Something delayed me😶‍🌫️
Live broadcast at 9 o'clock, don't go short. #BTC
Futures gaps are becoming more popular~

Elon Musk, a titan in the tech industry, is known as the 'Iron Man of Silicon Valley.' He sternly warned the United States that if a major power war breaks out in the future, the U.S. may face defeat due to its excessive reliance on high-cost traditional equipment and its failure to adapt to modern warfare. When questioned by a U.S. general about whether the U.S. could defeat China, he bluntly stated that America can never defeat China.

Musk has praised China's development, highlighting its years of rapid economic growth and significant achievements in infrastructure construction, noting that it is the largest and most dynamic market for new energy vehicles in the world. He pointed out that the U.S. has become complacent and stagnant in certain areas, warning that if it ignores China's progress, it may be surpassed in the future, and he cautioned that the U.S. should avoid conflict with China.

Musk's upbringing is extraordinary; he self-taught programming at the age of 10, made his first bucket of money at 12, entered Stanford for a PhD at 24 but dropped out to start a business, and became a millionaire before the age of 30, eventually becoming the richest person in the world by 50. His success is closely tied to his mother, Maye Musk. Maye was born in Canada, became a model at 15, once ran for 'Miss South Africa,' married at 22 but fell into an unhappy marriage. As a single mother, she moved between countries and cities, working five jobs to support her children. Yet, she never gave up. After her children achieved outstanding accomplishments in their respective fields, she moved to New York at 50, revived her supermodel dreams at 62, signed contracts at 68, became a brand ambassador at 69, and published her autobiography 'A Life of My Own,' inspiring countless people.