BTC breaks through the $97500 mark

Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/9031749175 Hello everyone, I am Liyuan. I will be live streaming for everyone at exactly 7 pm tonight. Firstly, let's review last week's market performance. After Bitcoin broke through a new high of 110000, it began to oscillate in the high sector, waiting for direction. Next, let's take a look at the recent Bitcoin market. First of all, from the weekly chart, the upper pressure level has been around 112000, and the lower support level has been around 94300. Then, looking at the daily chart level, the upper pressure level has been around 111980, and the lower support level has been around 106500. Looking at the 4-hour chart level, the upper pressure level has been around 109000, and the lower support level has been around 107000. Overall, it is fluctuating at a high level, and then it can rebound at a high altitude in the future! Looking at Ethereum again, compared to Bitcoin, Ethereum has been relatively active in recent days, with significant daily fluctuations. Looking at the weekly k, the upper pressure has been around 2850, and the lower support has been around 2500; On a daily basis, the upper pressure has reached around 2810, while the lower support has reached around 2660; At the 4-hour level, the upper pressure is around 2788 and the lower support is around 2680. Tonight's live broadcast will bring you real-time short-term orders, including the layout of mainstream Ethereum knockoff market in the future. QQ group number: 1035621304 Meeting number: 9031749175 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

OKEx will open the spot trading pair KMNO/USDT at 11:30 AM (UTC+8) on May 30, 2025. Project Introduction: KMNO is a newly listed digital asset on OKEx, supporting leveraged trading and simple earning. The perpetual contract will launch on the same day, with the underlying asset being KMNO/USDT, settled in USDT, and leverage ranging from 0.01 to 50x.

The current price of ETH is $2729.33, with a 3.41% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 191 million US dollars, with multiple orders being the main liquidation and 52.9 million US dollars (27.60%) of ETH liquidation. The data is for reference only.

The price of Binance TRB/USDT has reached a new high in nearly three months, now trading at $63.84, up 25.29% in 24 hours, with a turnover of $92.1 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

According to Foresight News, Justin Drake, a researcher at the Ethereum Foundation, stated in an article on X that the Bitcoin Proof of Work (PoW) security model is in a "time bomb" state. He pointed out that after experiencing several halving of block rewards, the proportion of Bitcoin's fee income to miners' total income still remains at about 1%, and the current daily fee is less than 10 BTC, hitting a 13 year low. Drake stated that if Bitcoin relies solely on transaction fees as incentives for miners in the future, its security budget will be severely insufficient, and it may even require only the computing power of a large mining farm to launch a 51% attack on the network. He further questioned that as the price of Bitcoin rises, BTC denominated transaction fees become more difficult to maintain high levels, leading to a decrease in overall security. He believes that if Bitcoin wants to avoid being attacked, there are two possible ways out: one is to cancel the supply ceiling of 21 million coins and introduce tail inflation; The second is to shift towards Proof of Stake (PoS), but both of these schemes are currently "culturally taboo" in the Bitcoin community. Drake warned that "the 21M ceiling has broken the security model of Bitcoin. If it is not changed, this model will eventually collapse and may cause systemic risks to the entire crypto ecosystem."