Daily Observations by Huang Baozhang 4.24:
Today’s market isn’t looking too shabby, but it’s not yet time to go all in. $BTC is still leading the charge, while most altcoins are just riding the wave; seasoned traders can tell that the funds haven’t truly rotated yet. 😅
1. $BTC is hovering around 77700, with a spike above 78600 at one point;
2. $ETH has retraced to around 2313. Although it’s bouncing back, its strength still lags behind BTC;
3. $SOL is bouncing around the 85 dollar mark, showing some short-term warmth but not really strong;
4. Trump is set to speak at the Palm Beach crypto conference this Saturday, and the crypto world is waiting for his take;
Old Trump knows how to attract attention;
5. BTC spot ETF has seen a net inflow for seven consecutive days, and exchange reserves are nearing new lows;
6. Metaplanet is issuing 50 million dollars in zero-interest bonds, still aiming to stack more BTC;
Japan is catching on too;
7. The Middle East situation remains tense, so BTC’s short-term performance is still under the influence of geopolitical risks;
8. If old Trump says something on Saturday, who will start performing first, $TRUMP or the broader market?;
9. Today’s options expiration is approaching 10 billion dollars, so expect significant volatility;
10. The aftershocks from KelpDAO are still felt, and Aave's bad debts continue to weigh on DeFi sentiment;
The bridge is still a landmine;
11. The UK's FCA has suddenly raided 8 illegal P2P crypto merchants in London, and offline merchants are also under scrutiny;
12. BIS continues to criticize stablecoins, fearing that various countries will regulate independently;
They talk a tough game;
13. $SPK is benefiting from Kelp’s capital outflow, coinciding with a new listing on Upbit, keeping the buzz alive;
14. BURNIE was ignited by Toly's interaction, soaring over 55% at one point;
15. $PEPE is seeing whales scoop up, with about 800 billion tokens being bought in a single day;
The frog's life is indeed tough;
16. Tether has assisted in freezing two Tron addresses, with an involved amount reaching 344 million USDT;
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The market these past couple of days has been quite straightforward; real money is still piling into $BTC, so the main trend is alive. However, on the other side, the geopolitical bomb hasn’t been defused, and the old issues in DeFi remain unresolved. Once the bridge blows, confidence will leak out; once old Trump speaks, memes will want to take off. A bull market isn’t about how much news you have; it’s about whether people are still willing to pull out real cash after a drop;
#Bitcoin #Ethereum #Solana #Crypto
Today’s market isn’t looking too shabby, but it’s not yet time to go all in. $BTC is still leading the charge, while most altcoins are just riding the wave; seasoned traders can tell that the funds haven’t truly rotated yet. 😅
1. $BTC is hovering around 77700, with a spike above 78600 at one point;
2. $ETH has retraced to around 2313. Although it’s bouncing back, its strength still lags behind BTC;
3. $SOL is bouncing around the 85 dollar mark, showing some short-term warmth but not really strong;
4. Trump is set to speak at the Palm Beach crypto conference this Saturday, and the crypto world is waiting for his take;
Old Trump knows how to attract attention;
5. BTC spot ETF has seen a net inflow for seven consecutive days, and exchange reserves are nearing new lows;
6. Metaplanet is issuing 50 million dollars in zero-interest bonds, still aiming to stack more BTC;
Japan is catching on too;
7. The Middle East situation remains tense, so BTC’s short-term performance is still under the influence of geopolitical risks;
8. If old Trump says something on Saturday, who will start performing first, $TRUMP or the broader market?;
9. Today’s options expiration is approaching 10 billion dollars, so expect significant volatility;
10. The aftershocks from KelpDAO are still felt, and Aave's bad debts continue to weigh on DeFi sentiment;
The bridge is still a landmine;
11. The UK's FCA has suddenly raided 8 illegal P2P crypto merchants in London, and offline merchants are also under scrutiny;
12. BIS continues to criticize stablecoins, fearing that various countries will regulate independently;
They talk a tough game;
13. $SPK is benefiting from Kelp’s capital outflow, coinciding with a new listing on Upbit, keeping the buzz alive;
14. BURNIE was ignited by Toly's interaction, soaring over 55% at one point;
15. $PEPE is seeing whales scoop up, with about 800 billion tokens being bought in a single day;
The frog's life is indeed tough;
16. Tether has assisted in freezing two Tron addresses, with an involved amount reaching 344 million USDT;
---------------
The market these past couple of days has been quite straightforward; real money is still piling into $BTC, so the main trend is alive. However, on the other side, the geopolitical bomb hasn’t been defused, and the old issues in DeFi remain unresolved. Once the bridge blows, confidence will leak out; once old Trump speaks, memes will want to take off. A bull market isn’t about how much news you have; it’s about whether people are still willing to pull out real cash after a drop;
#Bitcoin #Ethereum #Solana #Crypto
