Yooki-

Looking back, it really was a great bargain-buying opportunity back then. If I had indeed bought spot here as I said, and added to my position when it was over 50,000, then the returns until now would also be quite good.

Happy 9th anniversary to Binance @币安Binance华语 !

Binance was the first exchange I used when I entered this industry.
It also became an important gateway for me to move from traditional finance into Web3 and to learn about cryptocurrencies.

Starting as an ordinary trader, I built my own public account and Twitter account here. I met many friends, and I also gained a lot of knowledge and learned many things.

In this world, many things are unfair—some people are born at the finish line, while others have to give everything they have just to reach the starting point.

But the trading market is one of the few relatively fair places. It won’t give you more money because of your education, background, or connections, and it won’t deprive you of a chance because of where you were born.

The original intention behind Web3 is also the same—transparent, open, with rules written on-chain. Everyone stands on the same starting line. What matters here isn’t connections, but your understanding, execution, and patience.

There are countless people who have earned money on Binance and crossed social classes. So why can’t we believe that you and I could be the next?

@币安Binance华语 @Yi He @CZ

I just popped into the livestream to catch some juicy gossip
I didn't say a word

Waiting for the next update

Last time Bitcoin hit 60k, how many folks were kicking themselves for not buying in?

Now that we're at 60k again, I wonder if you pulled the trigger or just sitting on the sidelines.

$BTC I've seen a ton of folks going all-in on BTC contracts at this level, and honestly, it's puzzling. If you're really bullish on BTC's future, why jump in with the riskiest strategy?

When prices dip, the first thought for many is to leverage up, trying to catch the absolute bottom. But here's the thing: the market never lets the majority comfortably buy at the lows. If it were that easy, retail traders wouldn't be making any profits. Instead of guessing if 60k is the bottom, why not focus on position management? If you think it’s cheap, snag a bit of spot first, and if it dips further, buy more; if it rallies, at least you’ve got some chips in hand. Even if it drops to 50k or even 40k, you still have funds to keep buying down, rather than getting liquidated on a single contract.

And there's something I've been mulling over: when institutions go all out to push prices down, are they really just trying to let everyone hop on with lower risk? Since they’ve offloaded their chips, they definitely have their own agenda. The market often doesn’t reverse immediately after a dip; it grinds low, shakes out the weak hands, cleans up the leverage, and wears down the patient ones before it sets off on a real trend.

Plus, with the US stock market being shaky, if better opportunities arise, those institutions and big players might very well sell off some crypto to shore up their stock positions. For them, capital always flows to where the expected returns are higher, not like us, who just chat about our beliefs every day.

So my current mindset is pretty straightforward: I’m not bearish on BTC; in fact, I think this level is way more attractive than when it was at 100k or 120k. But being bullish and going all-in are two different things. There will always be multiple opportunities in the market, but your capital is limited. Instead of trying to make it all back in one go, it’s smarter to keep some ammo for future plays.

As for where the bottom is, no one can really know.

Another influencer has taken a dive.

In just a few days, 4 accounts faced consecutive wipeouts, leaving a whole bunch of copy traders holding the bag, with total losses soaring into the tens of millions of dollars. That’s a hundred million lost in copy trading alone.

Stories like this aren't uncommon in the scene.
Once upon a time, a dentist or a doctor attracted attention with an extremely high win rate and nearly perfect equity curves, constantly breaking records, gaining more and more followers, and their copy trading funds just kept ballooning. Everyone thought they had found the golden goose for steady profits, even believing this time was different from the past.

But when extreme market conditions hit, the myth built up over time can be shattered in just a few days.

What’s even more thought-provoking is that this isn't the first time, and it certainly won't be the last.

Over the past year, we've seen way too many similar cases. Each time, someone creates an astonishing profit myth, and each time, someone believes they've jumped on the wealth train, but the final outcome is often eerily similar.

The crypto market has never lacked trading stars.

What it lacks are traders who can ride out the cycles and survive long-term.

After all, making ten times your investment isn't that hard; the real challenge is being able to walk away with your profits.

Today, a lot of folks are asking if the crypto space is done for.

Honestly, every time the market takes a nosedive, the same question comes up.

Just like last year when BTC soared to dizzying heights, everyone was analyzing whether it could hit 150k; now that it’s dropped, we’re back to wondering if the crypto scene is heading to zero.

From a technical standpoint, BTC's daily chart still shows a clear bearish structure, and on the 4-hour timeframe, we haven't seen any solid signs of a bottom yet. Until we reclaim some upper resistance, it's too early to talk reversal.

Interestingly, many people tend to go all-in when the market’s pumping and start doubting everything when it’s tanking.

It's like selling goods; when something's priced at 100 bucks, no one thinks it's expensive, but when it jumps to 150, everyone rushes to buy. Now that it's on sale for 70, suddenly no one dares to take a look.

The market works the same way.

Recently, ETF funds have been flowing out continuously, and leveraged positions are getting liquidated, so prices are dropping faster than many anticipated. But during times like these, it’s crucial to focus on capital flows and technicals rather than emotions.

At least for now, I think this looks more like a major shakeout rather than the endgame.

Because true bottoms often appear when everyone thinks prices will still drop, not when the screens are full of bullish sentiments suggesting it’s time to buy the dip.

The market's still looking a bit weak today, but it's not as grim as yesterday.

BTC is hovering around $63,470, down 0.9% in the last 24 hours; ETH is at $1,740, down 3%; BNB is at $600, down 1.9%; SOL is at $67.8, down 4%. According to CoinGecko, the total market cap is around $2.27 trillion, indicating the market is still in recovery mode, but risk appetite hasn't truly returned yet.

The main pressure in the market hasn't changed; institutional money is still pulling out. A few days ago, Bitcoin-related investment products saw a net outflow of about $1.438 billion in just one week, and digital asset products overall had a net outflow of around $1.67 billion for the week. The ETF line hasn't provided any support lately; instead, it's been dragging down the mood.

So, my feeling is still that we shouldn't be too eager to call a reversal in the short term. It feels more like a weak recovery after the drop. BTC needs to hold the $63,000 level; if it can't stabilize, the altcoins are likely to continue feeling the pressure.

Those who understood me back then are already rolling in profits

After hitting my stop loss, it just kept plummeting
Completely aligned with expectations

The toughest part is just not having any position left

MicroStrategy sold 32 BTC, but the amount isn't the key here.

What’s important is that this is the first time MicroStrategy has actively liquidated assets, and they’re using it to pay dividends.

Over the years, the market has been willing to give MicroStrategy a premium largely because they've been touting a narrative: buy and never sell.

Now, this narrative has shown its first crack.

I don't see this as bearish; in fact, I consider it a positive development. Any market ultimately needs to return to cash flow and profit distribution, rather than relying on myths for support.

More than how many coins they sold, I'm focused on the fact that MicroStrategy is finally starting to behave like a normal company.

Every time I see the market collectively bullish on an asset, I always ask myself one question:

If I buy now, who am I going to sell to in the future?

It's not that HYPE is bad; on the contrary, Hyperliquid might be one of the strongest fundamentals in this cycle. The trading volume, revenue, and market share are all there, and names like Grayscale, ICE, and Arthur Hayes have indeed given the market plenty of room for imagination.

But trading and belief are ultimately two different things.

The most comfortable phase for an asset is often when no one is talking about it. Once everyone starts researching, hyping, and sharing it, the market is trading not just on reality but on future expectations.

And the tricky part about expectations is that they can always go higher and can be repriced at any time.

The current HYPE is no longer about buying an exchange protocol; it's about buying the story of its continued expansion, liquidity absorption, and competitive suppression for the next few years. As long as that story remains, the price has support; but if one day growth slows down or the market starts looking for new narratives, the valuation system will change accordingly.

So lately, I've been thinking not about whether HYPE is good or not, but if an asset has become a consensus in the whole market, where can we find additional buying pressure?

After being in the crypto space for so many years, I increasingly believe in one thing: making money often comes from divergence, while losing money often comes from consensus.

When everyone is discussing an opportunity, I'm never concerned about how much higher it can go; I'm more interested in how many people are still not on board.

Lately, I've been checking out HYPE and BNB, and I'm getting this vibe: the market might be missing the mark on both sides.

HYPE's current strength isn't just because the product's solid or the metrics are pretty; it's more about trading on expectations. A lot of capital is betting on its future ability to grab market share, continue attracting liquidity, and even gradually chip away at the dominance of established exchanges. So, HYPE is actually carrying a story of a 'challenger's comeback.'

The upside of this narrative is high, but the downside is that it demands strong growth. Because when the market starts to pay for the next few years, every step has to outpace those expectations. If growth slows down, or if the market realizes that competitors aren't that easy to take down, the valuation models will get readjusted.

On the flip side, BNB has kind of become a familiar face over the years. When people mention BNB, their first thought still leans towards platform tokens, trading fee discounts, and those old-school benefits. But if Binance really starts branching into areas like US stocks, ETFs, gold, and oil, then it's not just about competing for crypto users; it's vying for access to the entire account ecosystem.

To put it bluntly, right now the market looks at HYPE more like it's gazing into the future; with BNB, though, it still seems stuck in the past.

One's riding the growth premium, while the other’s stuck with historical discounts.

As for who’s overvalued and who’s undervalued in the end, I can't say. I just feel that what's really interesting in the coming year might not be which Meme coin skyrockets tenfold, but whether the market will reprice trading platforms and account systems.

Regarding Binance potentially launching US stocks on June 1st, what I see so far is mostly market speculation with no official confirmation. However, if they really do integrate with the US brokerage system, many exchange valuation models might need a serious rethink.

The reason is simple: the US stock market and crypto are not even close in scale. In the past, we were all competing over spot, futures, and on-chain ecosystems, but if traditional financial assets can be directly moved into crypto accounts, then the user and capital competition will be an entirely different ball game.

I know a lot of HYPE holders might disagree with this, and I actually hold some HYPE myself. But objectively speaking, if Binance manages to pull this off, the biggest hope for other platforms is that Binance messes it up. Because once they succeed, when users can trade crypto assets, US stocks, ETFs, and even more traditional assets from a single account, the gap between platforms won't just be about fees and trading experience anymore.

So I've been pondering a question lately: Are the current market expectations for HYPE too high, or has BNB been undervalued all these years? This question can't be answered right now; the market will naturally vote later.

Also, I've been scrolling through Twitter a bit too hard these past couple of days, from waking up to going to sleep, watching the charts, checking news, and various rumors. I've been staring at my phone for too long and I'm starting to feel dizzy. I'm planning to take a day off, get some sun, check out some trees, and touch some grass.

Happy weekend, bros! Touch grass 🫡

The recent HYPE movement reminds me of a phenomenon that often pops up in the market.

When more and more capital starts flowing out of other sectors, whether it's altcoins, AI, RWA, or meme tokens, and everyone rushes into the same asset, you often see a strong short-term profit effect. It seems like there's always someone chasing it every day, and every dip has buyers lining up.

But this kind of rise is often driven not just by the project's fundamentals but rather by liquidity concentrating on a single asset.

Of course, this situation can continue to pump, and it might even exceed everyone's expectations. But from experience, when the market starts discussing not 'what to buy,' but rather 'nothing else is worth buying but this,' it usually means sentiment is creeping toward the extreme.

So when I look at HYPE now, I'm less concerned with how much higher it can go and more focused on how much capital is still being pulled into it. Because when all rivers eventually flow into the same lake, a local peak isn't usually far off.

I'm starting to seriously doubt that the Meme path is going to get easier.

It's not that no one is playing with Memes anymore, but the cost-effectiveness of this business is declining for exchanges. Every new listing feels like a massive wish pool; if they list A and not B, they get flamed. If it doesn’t pump after listing, they get flamed. If it pumps and then crashes, they still get flamed. In the end, the project teams make a profit, the exchanges take the heat, and the community is left unsatisfied.

But if you zoom out a bit, you'll notice that many exchanges are moving towards traditional financial assets. The reasoning is pretty straightforward: Memes are essentially a zero-sum game with players passing the buck among themselves, while US stocks, gold, and oil are backed by substantial real-world trading demand.

Especially now that overseas brokers are struggling, I actually feel that the potential for on-chain US stocks is widening. For many folks, being able to trade US stocks, gold, or even index products directly on a familiar platform is way easier than deciphering the latest narrative of a Meme that changes daily.

From the exchange's perspective, this type of business is also more comfortable. High trading volume, longer user engagement, stable fees, and asset price fluctuations are irrelevant to the exchange. They don’t have to explain daily why a project has gone to zero, nor do they have to shoulder the blame of "listing means endorsement."

So my own thoughts are shifting too.

I used to buy Memes and love to hype myself up, fantasizing about listing on major exchanges and making 10x or 20x. Now I'm more inclined to take profits when I can; what's in my pocket is what truly belongs to me. As for who gets listed where or who might become the next legend, I’m not too concerned anymore.

Who knows, in a few years, the hottest topic in crypto might not be which Meme has pumped the most, but whose US stock trading depth is better or whose gold spreads are lower. If it comes to that, everyone might just be trading US stocks in Crypto.

Yesterday, when the market took a dive, a lot of folks were waiting for HYPE to retrace to $50, but it only dipped to $56.25 before bouncing back to around $62.

What I find most interesting about HYPE right now isn’t how much it went up, but how it’s clearly stronger than the market. BTC and ETH are still struggling to recover from yesterday's drop, but HYPE has reclaimed most of its losses, and while the price rebounded, the open interest (OI) is still increasing, indicating that last night's sell-off didn't shake off the bulls.

Even more interesting is Loracle. The market has been keeping an eye on the 893,000 HYPE tokens he just unlocked, worried about a potential dump. But the current situation shows that the spot market hasn’t really moved, and instead, the shorts have started to cover. Last night there were over 1.8 million HYPE shorts, and now it’s down to about 1.74 million, which means the biggest short players are actively covering part of their positions.

So, the divide in sentiment is pretty straightforward. The bears think Galaxy is still selling, and Loracle still holds a lot of spot, so selling pressure will eventually come; while the bulls argue that with the market crashing like this and HYPE not hitting $50, shorts are still getting liquidated, and even the largest short player is starting to cover. This doesn’t look like a weak asset at all.

For me, there are really only two key levels to watch. Below is the $49-$50 zone, where over $100 million in long positions are at risk of liquidation; if it drops back down here, then the bullish structure is truly broken. Above is around $91, which is exactly Loracle's liquidation line and the current biggest short danger zone.

Many were waiting for HYPE to drop to $50 yesterday, and they’re still waiting today. The question is, based on the current trend, will the market actually give that opportunity?

Not good, I've noticed something a bit odd.

In the past couple of days, I've suddenly seen several influencers from the Chinese community start dropping HYPE analyses, and it's not just one or two; it's multiple folks popping up at the same time. What’s strange is that some of these people don’t usually trade, don’t follow charts, and some are way off in their own lanes, like DeFi, on-chain, and Hyperliquid.

If it were just one person posting, I’d think it’s a coincidence. But having so many people suddenly surface at the same time with highly consistent content is a bit intriguing.

I’m not saying HYPE is bad, or that a drop is guaranteed afterward. It’s just that this phenomenon has happened too many times in the crypto space; something that used to circulate in small circles suddenly starts spreading widely into mainstream channels, and chances are someone is actively pushing it.

As for the purpose of this spread, I'll leave that to your interpretation.

Anyway, from my experience, when something starts to leak from the trader circles and on-chain circles into completely unrelated traffic, my first reaction isn’t to jump in but rather to check who’s selling and who they’re selling to.

Watch out for risks. #HYPE

Yesterday I thought it was boring, but today I'm completely stunned.

BTC shot up to 73,400, ETH retraced to 2,005, and ALLO, which has been lying low for half a year, suddenly surged +83% from the bottom.

But what’s really worth watching is not just the ups and downs, but these lines when viewed together; the vibe has changed.

1. Stablecoins "three lines all landed on the same day"

· Cash App opens USDC payments to 60 million users
· Mastercard obtains BitLicense and complies after acquiring BVNK
· Falcon Finance issues fUSD, with monthly audits by Deloitte, annualized ~3% for institutions

The battleground for stablecoins is no longer about who issues the coins, but who embeds them into the existing financial system first.

2. France's regulators issue an ultimatum: must obtain MiCA license by July 1

Those without a license must either comply within 33 days or prepare to exit. Regulation has officially shifted from a "reminder" to a "countdown."

Additionally, ALLO hit a high of 0.351 today, now retracing to 0.297, with a 24h volume of 1.8 billion USDT, RSI in the 54-61 range, but on the daily chart, it once spiked to 99. At this position, I'm leaning towards watching more and acting less; chasing highs can easily lead to getting schooled.

My biggest takeaway right now is: this year is less about who tells the best story and more about whose infrastructure is genuinely being utilized by traditional finance.

ICE entering crypto, stablecoins entering payments, and regulators setting hard lines—all these lead in the same direction: compliance + practicality will be the main narrative for the next two years.

What do you think about the impact of oil contracts on the crypto market?

Is this $HYPE thing on some kind of pump?
Isn't it a massive unlock?

The market really has no highlights today, just pure high-level grinding and choppy action.

Bitcoin has tried a few times to touch 79K, but every time it gets pushed back down.
Funds are completely lying flat and observing; no one is willing to make a move.
The overall market sentiment is super low, with small caps and MEME coins all taking a hit, and there aren’t really any stable profit opportunities right now.

Current BTC price is 76800.
There’s massive resistance at 78000–79000; it just can't break through.
On the downside, 75500–76000 is short-term support.

To be honest: every small rally now is basically a pump-and-dump trap. Don’t chase the highs; whoever chases gets stuck.

ETH is even weaker, totally unable to keep the rhythm, with a current price of 2070.
There’s dead resistance at 2120–2140,
if 2050 doesn’t hold, we’re looking directly at breaking below 2000.

The current trading strategy is pretty straightforward:
For short-term, just take advantage of range fluctuations, quick in and out, don’t be greedy or get attached.
For long-term, just continue to lie flat and do nothing.

Avoid the messy small coins; they’re a waste of time and capital.

In this boring grinding market, I’m lying flat—what about you?