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Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 Today, the overall rebound in the cryptocurrency market was strong, with Bitcoin (BTC) rising from yesterday's low of $84000 to over $93000, an increase of over 6%. Ethereum (ETH) held the $2780 mark, while altcoins such as Solana (SOL) rose widely. The Panic Greed Index has risen to 28 (panic state), and market sentiment has shifted from extreme panic to recovery, but short-term volatility remains high. 1. BTC rebounded strongly and institutional funds flowed back: BTC hit a intraday high of $94185, with a total of $466 million (mostly long positions) liquidated in 24 hours. However, Vanguard opened BTC/ETH ETF trading on the first day, with IBIT trading exceeding $1 billion in a single day, indicating a strong willingness of institutions to accept orders. BlackRock deposited 1634 BTC (approximately $142.6 million) into Coinbase Prime, further supporting the price. 2. ETH ecosystem upgrade benefits: Ethereum Fusaka hard fork activated at 14:00 UTC today, doubling Blob capacity, reducing L2 data costs by 60%, and gas fees falling back to 95 gwei. The Uniswap "Unification" proposal has been passed, turning on the protocol fee switch, and UNI has entered deflation. 3. US regulatory warming: SEC Chairman Paul Atkins gave a speech at the New York Stock Exchange, setting the tone for "250 year capital market reform" and clarifying crypto friendly policies, including the "innovation exemption" framework; The GENIUS stablecoin bill will be submitted to Congress this month. Bank of America (BofA) allows wealth advisors to advise clients to allocate 1% -4% BTC. Trump hinted that Kevin Hassett may become the next chairman of the Federal Reserve, raising dovish expectations. The probability of a 25bps rate cut in December is 89.2%. The FDIC released its first stablecoin regulatory framework this month, and 10 European banks are advancing their Euro stablecoin plans (target for the second half of 2026). Today's news is dominated by favorable regulatory conditions and institutional entry, driving a rebound, but caution should be exercised against a second dip after leverage cleaning (support level of $84000-86000). In the long run, the expectation of Trump's policies and the increased probability of the Federal Reserve cutting interest rates will support the bull market narrative; Short term advice: Focus on breaking through $94500. Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. 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.
