At about 1:30 a.m. today (19), Bitcoin quickly dropped to $92,500, setting a record low in 2025. However, it seems that the target price of the air force has been reached, and Bitcoin subsequently started a wave of rebound. At the time of writing, it was reported at $95,120, and the decline in the past 24 hours was reduced to 1.84%.
If it can continue to fluctuate around $95,000 for some time and then continue to move upward, then $98,000 is speculated to be the stop loss point of many short-term investors, and it is speculated that they may come to hunt down their positions.
Ethereum defends $3,200
At the same time, Ethereum also hit $3,208 at one point, and rebounded to $3,342 before writing, down 1.61% in the past 24 hours.
In the past 24 hours, $570 million has been liquidated.
On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency network reached $574 million, with long positions liquidating at $438 million dominating, and short positions liquidating at $136 million, with over 212,000 people being liquidated.
According to Chinese cryptocurrency media 'Wu Blockchain', former Vice President of Bank of China and Co-Chairman of Digital China Information Service Group Wang Yongli stated that Bitcoin can only serve as a new type of tradable digital asset, making it difficult to become a true currency, let alone replace sovereign currency. He questioned the feasibility of Bitcoin as a national strategic reserve, believing it is still not mature.
Wang Yongli stated that the essence of currency is a measure of value and a medium of exchange, requiring currency value stability. However, Bitcoin's fixed supply and extreme price volatility do not align with the basic laws of currency development.
He questioned the feasibility of Bitcoin as a national strategic reserve, believing its security and risk management are still immature.
In response to the new Bitcoin policy proposed by elected U.S. President Donald Trump, he emphasized that excessive deregulation could undermine the dollar's status and called on the international community to respond rationally and avoid blindly following trends.
It is worth noting that in the current hype around AI Agent narratives, the popularity of AI Agent + DeFi is on the rise. The total market value of this narrative is currently below $1 billion, indicating significant growth potential.
DeFai, namely DeFi + AI Agent, seems to be becoming the most promising segment in AI Agent, directly related to crypto assets and trading.
The performance of several related concept tokens in the past 24 hours is as follows:
Citadail rose 135%, market cap 36M;
Grift rose 83%, market cap 60M;
Buzz rose 67%, market cap 91M; (However, before this article was published, $Buzz successfully broke through 100M, bringing the rhythm of DeFAI up.)
Neur rose 112%, market cap 65M;
The leading market cap concept token is Griffain, with a market cap of 447 million, down 8% in 24 hours; this token is already listed on Binance contracts.
Additionally, there are some concept tokens that fell first and then rose, such as Degenai, VADER, etc.
The incomplete list of DeFAI includes trading types in this narrative; is the hype real or just a flash in the pan? Is it time to buy and hold?
Key introduction to the buzz I am optimistic about.
Buzz: DeFi agent aggregator and toolkit. Currently, it should be the best among so many projects combining AI with DeFi; SOL AI hackathon project, the first DeFi agent, simplifies DeFi interactions through AI technology; dev locks up 5%, showing potential, and it has already been listed on Bitget with great future potential.
Swarms has a maximum market cap of 500 million, so BUZZ reaching 300 million is also an opportunity.
CA: 9DHe3pycTuymFk4H4bbPoAJ4hQrr2kaLDF6J6aAKpump
The market has plummeted, but MAX continues to reach new highs.
On the 11th, the third ecological project will begin, locking up a large amount of MAX, and then MAX will rise again.
Is Max the next AXS? AXS peaked at 10 billion, Virtual at 4 billion; essentially, it means the market cap will increase following the ecological explosion.
Therefore, AXS, virtual, and MAX are essentially the same; it's just that the focus of attention differs—one is blockchain gaming, and the other is AI agent.
The market value of Max has surpassed the popular VVAIFU clanker; the most promising remains platform tokens. The previous was BBG, and the one before that was Virtual; the latest is MAX. All staking empowerment revolves around platform tokens.
