Hot search list: ASTER popularity rises, 24-hour drop 7.93%

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9031749175 Hello everyone, I am Liyuan. I will be broadcasting live tonight at exactly 7 o'clock. Keep holding Bitcoin short positions, this is the second wave of decline. I think the target for the decline is around 107500, and it may even break through. The short-term target support is around 110000. If you break through the 110000 target, look at 109000108000107500. If you don't have any short positions on hand, you can pay attention to rebound near these supports. The intraday rebound pressure of 112300113300 needs to break through these two pressures at least in order to have a strong rebound. The target pressure above is around 114500. The rebound momentum of Ethereum is clearly insufficient, which limits its price space during the upward trend and shows a relatively weak trend during the pullback process. However, the key point is that the $4000 integer level is an important support level with strong psychological and technical significance, and the market's long short game at this position will intensify, making it difficult to directly break through. Therefore, we conclude that the current weak volatility is difficult to sustain, and prices are expected to rebound after testing key support. The second wave of SOL's downward trend just hit the support level around 205, with some traders taking advantage of the rebound to break even. The intraday rebound pressure is around 210.215. If the rebound does not break through this pressure range, the market will still experience a downward trend. Only by breaking through these two pressures can the rebound strength be greater. If you continue to explore and place long orders, you can try near the 200.197 range Tonight's live broadcast will provide real-time explanations for everyone, including the layout of the mainstream Ethereum knockoff market. QQ group number: 923794278 Meeting number: 9031749175 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Aster's Perpetual Contract Trading Volume in the Past 24 Hours Exceeds Hyperliquid by 3.5 Times] BlockBeats News, September 25, according to Defillama data, Aster's perpetual contract trading volume in the past 24 hours reached $35.886 billion, exceeding Hyperliquid's $10.094 billion by 3.5 times. In addition, Lighter's perpetual contract trading volume in the past 24 hours reached $10.56 billion, also surpassing Hyperliquid.

[Yu Peiheng: Hong Kong's First Batch of Stablecoin Licenses May Be Limited] According to a report by Jinse Finance, Yu Peiheng, a member of the Guangdong-Hong Kong-Macao Greater Bay Area Legal Advisory Group under Hong Kong's Department of Justice, stated at the 'Phoenix Bay Area Financial Forum 2025' that the Hong Kong Monetary Authority's stablecoin regulatory framework has attracted consultations from over 77 institutions. However, the number of licenses issued in the first batch is expected to be limited, with specific outcomes likely to become clear in October or November. He pointed out that the cross-regional nature of stablecoins requires coordinated global regulatory standards. Currently, the rules in Hong Kong, the United States, and Europe differ, and a unified global regulatory framework is needed to enable secure cross-chain circulation.

[Analysis: Bitcoin Decoupling from Global M2 Stems from U.S. Treasury Liquidity Operations] According to CoinDesk, Raoul Pal, founder of Global Macro Investor, pointed out that since the beginning of 2023, Bitcoin price movements have shown a lagging correlation of approximately 12 weeks with the global M2 money supply, reflecting that it takes about three months for liquidity to flow into the crypto market. However, this pattern broke after July 16: despite the continued expansion of global M2, Bitcoin entered a phase of sideways consolidation. Pal attributed this divergence to liquidity withdrawal by the U.S. Treasury through the TGA account. Since July, the U.S. Treasury has issued approximately $500 billion in Treasury bonds to replenish the TGA, raising its balance to nearly $800 billion, which reduced the funds available in the market and directly impacted liquidity-sensitive assets like Bitcoin. However, Pal believes that the TGA account is now nearing full replenishment, and the liquidity withdrawal effect may dissipate by the end of the month, allowing Bitcoin to potentially resume its upward trend in sync with M2. Notably, tech stocks and gold continue to hit new highs, indicating that overall risk appetite has not been significantly affected. Meanwhile, selling pressure from long-term holders may also be one of the factors contributing to Bitcoin's divergence from M2.

In the past 12 hours, large transactions have shown that BTC's main players have sold a total of $30.69 million, bought only $19.37 million, and had a net outflow of $11.31 million, with a buy to sell ratio of 1: 1.58, showing a clear short selling trend. Especially at 16:11, a large market price sell order of $3.13 million appeared, directly suppressing the price. Based on the current 1-hour cycle K-line, the price is below the EMA24/52 moving average, confirming the downward trend. Although there was a large market buy order of $2.69 million in the latest period, the overall trading volume has shrunk, market activity has decreased, and the short-term rebound may be difficult to sustain. Although KDJ is in an oversold area, the main behavior indicates that bears still dominate. Open membership, track key trends, and seize opportunities for unexpected changes! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.