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Currently, although BTC has plummeted nearly 35% from its high of $126,000, the overall trend should still be viewed as bullish. The short-term adjustment has fully absorbed the "five-fold impact," and selling pressure is nearing its end, with the long-term upward logic unchanged.
Core support comes from valuation reconstruction and institutional allocation dividends. JPMorgan estimates its reasonable valuation at $170,000, significantly undervaluing the current price. On-chain data shows that whales and long-term holders continue to accumulate at low levels, with mining costs forming a solid bottom support at $90,000. A new round of increases is brewing.
Although there is short-term uncertainty from regulatory aspects, the acceptance of traditional finance continues to deepen, with Bitcoin being recognized as collateral by mainstream institutions, gradually reinforcing its "digital gold" attribute. Current leverage levels have retreated, and volatility has converged, leading the market into a phase of consolidation. Short-term fluctuations do not alter the structural upward trend, and medium to long-term allocation value is becoming prominent. $BTC
The 'Stablecoin' Ponzi Scheme - The USDD Collapse Incident.
A certain team launched an 'algorithmic stablecoin' called USDD, claiming to be pegged to the US dollar with dual backing of 'mining pool profits + on-chain assets', promising users a static return of 0.5% daily after depositing mainstream cryptocurrencies to exchange for USDD, and also offering dynamic rebates of 10%-30% for bringing in new users.
The project did not establish a real algorithmic arbitrage mechanism, and the so-called 'on-chain reserve assets' were fabricated through fake contracts to create false holding data. Initially, it relied on funds from new users to pay returns to old users, creating the illusion of 'high returns with zero risk', attracting over 100,000 users in just three months and raising over 8 billion RMB equivalent.
When the new funds could no longer cover the redemption pressure, the project suddenly announced that 'the on-chain was attacked by hackers and the reserve assets were stolen', immediately closing the deposit and withdrawal channels, and the core team absconded with the funds. Subsequent investigations revealed that the project had already transferred over 60% of user funds through overseas anonymous accounts shortly after its launch, with the remaining funds used to pay promotional commissions and create fake trading flows.
In the end, participating users were left with almost nothing, and this case became a typical example of 'no real reserves + Ponzi model' in the field of algorithmic stablecoins.
Perhaps you are currently in the low point of account drawdown, perhaps you are anxious about not finding suitable trading opportunities, perhaps you envy others' accurate judgments and substantial profits, but remember, everyone's trading journey has its own pace, and no one can achieve it all at once.
Behind those seemingly glamorous achievements are countless trials and errors and persistence, as well as an extreme pursuit of every detail. #加密市场观察 $BTC $ETH $BNB
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🚀 #ElonMusk MAKES HISTORY: NET WORTH CROSSES $600 BILLION 💰
Elon Musk has created history by becoming the first person ever to cross a $600 billion net worth, according to Forbes. His wealth surged by a massive $168 billion in a single day, pushing his estimated net worth to $677 billion as of Monday afternoon.
🚀 What triggered the jump? The spike came after reports that SpaceX may go public at a staggering $800 billion valuation. Musk owns roughly 42% of SpaceX, making his stake worth around $336 billion, now his most valuable asset.
📈 If SpaceX lists at that valuation, Musk could become the world’s first trillionaire.
⚡ More wealth boosters • Musk holds about 12% stake in Tesla, now valued near $197 billion • Tesla shares are up 13% in 2025, despite slower sales • Shares rose further after Musk confirmed robotaxi testing without safety monitors • Tesla investors approved a $1 trillion pay package for Musk in November
🤖 Beyond Tesla & SpaceX Musk’s AI startup xAI is reportedly in talks to raise $15 billion, valuing the company at $230 billion.
📊 A meteoric rise • March 2020: $24.6B • August 2020: $100B • January 2021: World’s richest • December 2024: $400B • October 2025: $500B • December 2025: $600B+
🔥 From EVs to rockets and AI, Musk’s empire continues to redefine global wealth.
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Volume: Huge 4.75B spike on the December 13 candle, volume stayed elevated afterward — classic sign of final panic selling.
Capital Flows: Heavy outflows over 24h (-6.79M USDT) and 3D (-11.98M USDT), selling pressure still there. But 7D turned net positive (+22.83M USDT) — someone is accumulating at the bottom.
Entry: - Now: Scale in around 0.1302 with very tight risk - Better: Wait for confirmed break above 0.1350 or a successful retest of 0.0979 support with bullish rejection