Regarding the $GASS Cat, without a bit of holding faith, it's really hard to keep it!
The GASS Cat is currently the only token that has emerged from MATT's new book IP, I have also participated in the official Twitter SPACE and have been in their community. Overall, this group of foreign project team members still has some dreams, not just empty hype.
From the perspective of the token's market, I believe many brothers have already been washed out, which is inevitable, including myself. Although I have experienced two major ups and downs, coupled with the recent low market conditions on the ETH chain, I almost couldn't hold on last night, my hand was on the mouse, hesitating the whole time, fortunately, I didn't click it.
Next, I suggest that brothers holding GASS Cats just look at the daily chart. If it rises back this time and stabilizes at ten million, we can wait for the next breakthrough. If one day it can surpass a hundred million, we will directly look at the weekly chart. Looking forward to the day when our group friends can all get rich together!
This round, the peak of 110,000 has ended, or rather, the high point is at 110,000. The 120,000-150,000-200,000 you wanted cannot be reached at this stage, but don’t be sad, there should still be opportunities in the next phase. I haven't dared to drive these past few days; Israel and Iran have gone to war, driving oil prices up. At the same time, the long-range ground missiles launched by Israel yesterday flew 3,000 km and precisely hit Iranian nuclear experts and financiers on vacation far away in the Binance nation, including Mohammed Abu Dhabi and others. It is said that the explosion completely destroyed a luxury mansion worth 500 million dollars, along with cash and gold, and the shockwaves from the explosion injured hundreds of thousands of residents in surrounding areas within dozens of kilometers. The entire Binance nation is filled with cries, blood flowing like rivers. Many people have lost everything overnight. Currently, judging from the war launched by Israel, Iran is likely to retaliate in the coming days. This wave of Middle East crisis should not end in a short time. The United States has also dispatched warships to participate, helping Israel establish air defense systems to intercept Iranian missiles. Recently, the international financial environment cannot be so stable, but it is favorable for gold. However, the safe-haven value of BTC has not manifested in this outbreak of war. The national reserve plan is a joke. I heard that in the past two years, Eastern countries have accumulated a large amount of gold, and this time they have reaped benefits. Currently, from the daily chart pattern, the moving averages have confirmed a dead cross, and the pullback is certain. The MACD has a dead cross pointing down, showing a trend of continued pullback, suggesting to open short positions on rebounds. Yesterday, from the candlestick pattern, there was capital entering the market to support the bottom. The probability of a crash in the next couple of days is small. We should be in a volatile market. The upper pressure is around 106,800, and the lower support is around 100,000. For the four-hour chart, it is advisable to open a short position around 106,800, with a stop loss around 107,500 and take profit around 104,000. If the price retraces, short-term longs can still be made, but it should be quick in and out, without holding positions. From the three-day chart pattern, the top 110,000 pattern has been established, the MACD has a dead cross, and the medium to long-term is in a pullback. It is recommended to mainly open shorts on rebounds. If everyone is worried, they can also give up on going long and only trade the rebound shorts. Currently, the large cycle has just begun to pull back, and BTC will definitely break below 100,000 in the future. Spot players should continue to wait patiently. The big players’ wild fluctuations are not necessarily due to news; news is merely an excuse for the big players to hide their intentions and harvest the leeks. Without news, they will also create news. How insidious.
From individual choices to organizational operations; From 'why are we poor' to 'why do markets collapse'; Economics has long provided the answers, but most of us have never seriously understood them.
This chart clearly explains the 10 most important underlying rules:
1️⃣ How do people make decisions?
2️⃣ How do people influence each other?
3️⃣ How does the overall economy operate?
I recommend saving this; understanding them will lead to a structural change in how you view issues.
I just noticed that the volume ratio after this rise in Bitcoin is much smaller than the volume ratio after the previous rise. I also checked several other exchanges across the network, and the situation is consistent! This indicates that the chip structure has solidified a lot compared to that previous period, and the consensus strength of chip control is much higher after the turnover of chips. Therefore, the probability of a sharp decline in Bitcoin is relatively small! As long as mainstream controlling institutions do not actively sell, is it hard to drop? Continue to buy BTC on the pullback.
A brother asked me when #SSV/USDT will be sold. Where are we now, thinking about selling? The Federal Reserve hasn't even started easing yet, and we haven't seen an outbreak. Don't confuse your short-term thinking with my cyclical trend. It's possible that it might drop back later, but I won't sell; the trend is still early! Short-term thinking can only make small money, while long-term thinking and cyclical thinking may allow for big gains.
Bought some BSC chain #EGL1 Ca: 0xf4b385849f2e817e92bffbfb9aeb48f950ff4444 Narrative: The theme is American culture, patriotism, and superheroes, focusing on 'America First' and 'Eagle 1st'. Its core concept revolves around the bald eagle (the national bird of the United States) and superhero imagery. #EGL1 is collaborating with Trump's WLFI team and the USD1 trading competition on BSC, currently ranking first in trading volume and likely to receive support from Trump-related funds.
After observing, it seems that most of the bottom chips are in the hands of the project team, indicating a heavily controlled and strong fund coin!
Last week, it was stated multiple times that the recent rise in BTC prices may not necessarily be due to an increase in purchasing power, but rather because the amount of sell-offs is decreasing.
From the transfer data, it can be seen that the amount of BTC transferred to exchanges has been continuously declining over the past three weeks, and the current sell-off volume entering exchanges is also at a relatively low range compared to data from the past year.
This again proves that even though prices are nearing historical highs, the sentiment of investors to sell is significantly different compared to the low rising cycle of 2024, which represents a change in investor mentality.
Investors are beginning to focus on longer-term BTC investments, likely due to Trump and the U.S. policies regarding cryptocurrency.
The funding rate is here, and currently, it is 0.9% for one month, which is quite normal and cheap. Based on your position, the monthly funding cost is around $3500, of course, this is calculated at the lowest tier. If the sentiment rises, the funding rate will increase significantly, and it will be more at that time.
For perpetual contract positions, holding them for a long time can incur exaggerated funding fees. Sometimes the profit is not enough to cover the funding fees, making it not worthwhile. Therefore, when opening perpetual positions, you need to go with the trend, avoid holding positions, and do not hold positions during a prolonged sideways market; otherwise, it will not be cost-effective.
Launched on the second level and Binance, currently dropped from a high point to around a market value of 23 million, the airdrop and floating funds have been cleaned up quite well, the cost-performance ratio is very good, and currently, the small level has also broken through the convergence pattern, entering the market at the current price.
Today, the AXL that exploded after launching on UP is also similar.
Time flies so fast, it's been 16 months since I decided to invest regularly. I forgot to write about May, and on June 1st, I invested a little in $BTC. There are still 80 months left until the 8-year expectation, which seems quite long now, but this waiting is also a kind of enjoyment.
In June, the price of Bitcoin exceeded $110,000 at its highest. Currently, my average price is nearly $80,000, and the profit (on paper) is almost 30%, once again proving that BTC is the best long-term investment product, almost without exception.
$ETH is still at a loss, my cost is nearly $2,700, and I'm currently down 2.3%. If luck prevails, I should start making a profit next month; it's the only one of the four chosen assets that's still in the red.
$BNB has been quite stable recently, with long-term returns exceeding 12%. The main issue is that the yield on BNB has decreased a bit, and the airdrops have also been quite minimal, so the compound interest isn't very high, but the price is indeed nice.
The original idea for $SOL was to hedge against the losses in ETH. Looking back, it does serve as a hedge, but the returns have been a bit low. In fact, the losses were quite severe in March and April.
To be honest, the current situation has exceeded my expectations when I started my regular investments, especially the trend of BTC. Now, looking back, I feel a bit stingy; if I had invested an extra zero back then, it would have been great. 🤣 But it’s okay, this investment itself is just a simulation of a regular office worker investing 3,000 RMB monthly, without considering any technology, data, macroeconomic factors, etc. It's just buying on the scheduled date.
This also aligns with the mentality of an ordinary office worker, treating it as if they took 3,000 RMB to buy financial products or funds. The total investment period is 8 years, and we will see if it can outperform the gains of A-shares, US stocks, and gold after 8 years. It's also to prove that investing regularly in BTC is never too late, regardless of when you start.
PS: I started investing regularly because many friends were saying that BTC was too expensive and that it wasn't worth buying at that time when it was $65,500, and now it's already $110,000.
The Truth Behind Ethereum's Sharp Drop: Big Players Clash, Triggering Short Selling; How Can Retail Investors Survive? When Trump and Musk Fire Shots on Social Media, Retail Investors' Accounts Vaporize in the Cascade.
News: Three Major Bad News Weighing Down, ETH Hard to Escape Volatility Regulatory and Technical Upgrades Double Blow Regulatory Risk: The U.S. Congress is Discussing the "DeFi Regulatory Bill," Which May Strictly Control Stablecoins and Decentralized Platforms, Increasing Policy Uncertainty.
The feud between Old Ma and Trump has ended; it was just a beautiful prank. The first stock of stablecoins, Circle, was listed as scheduled, and capital is frantically chasing it! On June 5th, Circle officially landed on the New York Stock Exchange (stock code 'CRCL'). Its IPO issue price was $31 per share, and on its first day of trading, after experiencing two circuit breakers, the stock price once increased more than twofold, peaking over $103 during the session. By the close, Circle rose by 168.5%, now at $83.23 per share, with a market capitalization of over $18 billion. Circle's trading volume that day was about 47 million shares, far exceeding the number of freely tradable shares in the market.
In comparison, Coinbase, the world's first publicly listed cryptocurrency exchange and the largest cryptocurrency exchange in the United States, currently has a market capitalization of $62.2 billion.
Circle is the issuer of USDC, the world's second-largest dollar-pegged, and the largest regulated stablecoin. On the eve of its listing, the subscription multiple for Circle's IPO stock exceeded 20 times. Documents from the U.S. Securities and Exchange Commission (SEC) indicate that the company expanded its stock issuance twice, ultimately increasing by 2 million shares to issue a total of 34 million shares. This IPO raised nearly $1.1 billion, far exceeding the original plan of $624 million.
As a cryptocurrency anchored in traditional assets, stablecoins are developing into a key bridge between fiat currencies and digital assets. Initially, they served as a medium of exchange for native cryptocurrencies like Bitcoin, but due to their blockchain characteristics, they have gradually evolved into payment tools for cross-border trade. Stablecoins possess both openness and stability, and have also developed into alternative currencies for some high-inflation countries.
Currently, fiat-collateralized stablecoins backed by U.S. Treasury bonds dominate the global market, with market shares of over 90% for USDT, USDC, and others. As of June 3, 2025, the total market capitalization of global stablecoins is $251.1 billion, with USDT (issued by Tether) and USDC having market capitalizations of $153.3 billion and $61.4 billion, respectively.
Are US Treasuries high-quality assets or junk assets? Is the use of stablecoin-backed bonds beneficial for liquidity in the crypto space? If stablecoins are typical RWAs, what is the risk of such RWAs?
JPMorgan will accept $BTC and cryptocurrency ETFs as loan collateral.
Many friends have said that it feels like good news, so why hasn't $BTC risen?
In fact, this event was anticipated on the very day SAB121 was lifted, and the SEC has already issued statements multiple times indicating that it does not oppose banks entering the cryptocurrency market. Therefore, JPMorgan's announcement was already expected, and it may not even be the first to engage in cryptocurrency collateralized lending.
However, this action is definitely positive for Bitcoin and compliant cryptocurrencies, but the reaction is long-term; in the short term, this is just a piece of expected news that can excite people a bit, but it is very different from Trump TACO.
The impact is profound, and the effects will be slow to materialize.