5. $1.66 billion fleeing! Bitcoin plummets, is Trump's plan going to fail?
Since Trump participated in the 2024 election, cryptocurrency has been included in his core policies. He proposed that the United States establish a cryptocurrency strategic reserve, covering Bitcoin, Ethereum, and other digital currencies, in an attempt to extend the dollar's hegemony into the blockchain realm, drawing inspiration from the Bretton Woods system of 1944, which linked the dollar to gold. If successful, Bitcoin and other crypto assets would be granted fiat status.
However, this plan has encountered obstacles in reality. The latest polls show that more than half of American voters oppose the government using public funds to purchase cryptocurrencies, with only 34% in support. Among Republican voters, the support rate is 41%, while the opposition rate among Democratic voters reaches 59%. 36% of Republican respondents believe that government funding for cryptocurrencies and blockchain should be reduced, with only 12% in favor of increasing it. Due to soaring prices in the U.S. caused by tariffs, the public is already dissatisfied and even less willing to have the government invest their money in the highly volatile cryptocurrency market, with tokens related to the Trump family, such as wrfi and Melania's token, plummeting by over 70%.
Currently, the U.S. government has committed to holding 180,000 Bitcoins (valued at $18 billion) without selling them, but to establish Bitcoin's foothold in the strategic reserve plan, the reserve must account for at least 10% of the total, which is clearly insufficient at present. Marcus Teren, chief cryptocurrency researcher at TenX Research, predicts that Bitcoin may replicate its 2024 trend, reaching new highs followed by long-term consolidation. Since Bitcoin fell below $90,000 in early March, approximately $1.66 billion has flowed out of the U.S. Bitcoin spot ETF, with no signs of bottom fishing.
The essence of this controversy is the clash between the belief in decentralization and real political interests. Trump wants cryptocurrencies to serve the will of the American state, but it has triggered voters' vigilance against power rent-seeking. The decentralized spirit of Bitcoin encounters Washington's political dealings, and the market's trajectory over the next six months—whether it will remain in long-term consolidation or surge under policy stimulus—is full of uncertainty. This tug-of-war may become a landmark event in the crypto industry. From a broader perspective, Trump's policies deviate from the traditional international and economic order of the United States. Once American credit is bankrupt, decline is only a matter of time. The fact that Bitcoin's entry into the U.S. strategic reserve has not triggered a rush to buy from other countries is evidence that Satoshi Nakamoto's algorithm is not subject to political influence.
$BNB Binance Coin will be burned down to 100 million, which is really great! The total issuance is 200 million. It has now been reduced to 142 million! Whether in the future or now! There is a place for it; some people say the thing they regret the most is selling BNB and then buying Ethereum! That's regret twice! So try not to do things that make you regret. Answer☞ Enter Dream
$BNB Binance Coin will be burned down to 100 million, which is really great! The total issuance is 200 million. It has now been reduced to 142 million! Whether in the future or now! There is a place for it; some people say the thing they regret the most is selling BNB and then buying Ethereum! That's regret twice! So try not to do things that make you regret. Answer☞ Enter Dream
About sector classification, sector leaders, sector interactions, sector rotations, to assist you on your trading journey.
The market has rules and traces to follow. As long as you have certain recognition and knowledge reserves, insight into everything will be easy. The reason you don’t know what to buy during a rise, even when everything is rising, is that you buy one and lose one; this has its reasons. It’s not that you are incapable, it’s just that you have suffered from the cognitive gap and time difference. Today I will talk to you about practical trading skills, blind selection, and also provide a classification of sectors and the distinction of sector leaders. Once you have learned, you just need to witness and apply. I believe you will definitely give me a good review.
#USCryptoReserve It's going to shake the money tree, don't be leveraged unless you know what you're doing! Go for 400x on the bit and be happy. Volatility is life!
Bitcoin may rebound up from buyer zone to 94100 resistance level!
Hello traders, I want share with you my opinion about Bitcoin. A few days ago, the price was moving inside a downward channel, where it reached the support line and immediately bounced back up to the channel’s resistance.
After that, BTC continued its decline, testing the resistance level, which aligned with the seller zone. The price briefly dipped below this level but quickly reversed and rebounded.
Eventually, Bitcoin exited the channel and moved into a range, reaching its upper boundary before turning downward again. In a short period, the price dropped to the seller zone, where it consolidated for some time.
BTC then attempted to push higher but failed and resumed its decline. Breaking below the 94100 resistance level, the price moved further down, fluctuating between support and resistance lines. Bitcoin eventually fell to the support line, breaking through the 83400 support level, which aligned with the buyer zone.
However, this breakdown turned out to be a false move, as BTC immediately rebounded and surged back above that level. Currently, BTC is continuing its upward movement. $BTC
I anticipate that the price may first test the buyer zone before resuming its growth. Additionally, if it manages to break through the resistance line, it could keep climbing higher. With this in mind, my TP is set at the 94100 resistance level.
Trade at your own Risk 👍 Best Regards, Trade Cryptocurrency Stay Tuned for Further Updates.
Many people want to become KOLs, especially in the crypto field to build a fan base. Let's discuss practical methods for gaining followers on the platform.
Have a passion for writing and reading; this is fundamental and a long-term career. Even during low points, you must persist and find joy in this endeavor; otherwise, it may not be suitable.
Clarify your areas of focus: In addition to your main crypto business, select secondary interests like finance or economics. Follow opinion leaders in these fields and engage actively. Focus on mainstream crypto accounts, respond promptly, and use this to connect with key figures.
Seize hot opportunities: Keep a close eye on trending news, publish interesting content immediately, and then ask questions. The content style should be 80% enthusiastic and positive, 20% real and cool.
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Everyone is paying attention to today's rebound situation. The focus today is on the volume trends of the small cycle K-lines. Currently, there is no volume at the bottom. The one-hour rebound has encountered resistance and started to spike upwards, which is a typical sign of a weak rebound. Moreover, the daily closing is not good, and there is a possibility of continued decline. Long Ge boldly predicts that if there is no volume increase with a rising bullish line within the next 6 hours, it can continue to short! #BTC☀ $BTC Basically, today is still a boring market, and there will be no trading, but what should we do?
Today's News: 1. DeepSeek announces the open-source release of DeepGEMM; 2. Hamster Kombat launches L2 blockchain Hamster on the TON chain; 3. Uniswap co-founder responds to SEC dropping investigation into Uniswap: After three years, a lot of time and millions of dollars wasted, thanks to the new SEC leadership; 4. Today's cryptocurrency fear and greed index drops to 21, a new low since last September; 5. Solana SIMD-0228 proposal is now open, aiming to shift SOL issuance to a market-driven model; 6. Ethereum Foundation researcher: Expect Ethereum's TPS to reach 10 million in about 10 years; 7. Yesterday, BITB had a net outflow of $88.3 million, and BTC had a net outflow of $85.8 million; 8. Robinhood CEO: The Trump administration may pass stablecoin legislation this year; 9. OpenAI launches Deep Research feature for Plus users; 10. Circle: Does not advocate closing the channel for overseas stablecoin issuers to enter the treasury market; 11. The US SEC has confirmed receipt of Grayscale's application, proposing to provide staking functions for a spot Ethereum ETF; 12. Yesterday, FBTC had a net outflow of $344.7 million, setting a record for the largest single-day net outflow; 13. Arkham: Mirana Ventures deposited $600 million worth of ETH to Bybit in the past 3 days; 14. Zhao Changpeng (CZ) reposted his 2020 tweet on X platform titled 'Waiting for a new headline: Bitcoin 'plummeted' from $101,000 to $85,000.' and stated, 'Waiting for a new headline: Bitcoin 'plummeted' from $1,001,000 to $985,000.' He also mentioned, 'I have always been optimistic, as it has been for the past 12 years, and it still is.' 15. Pump.fun deposits 87,787 SOL to Kraken again, worth about $12.58 million; 16. Bitcoin Depot increases its reserve by 11.1 Bitcoins, bringing its total to 82.6 Bitcoins; 17. Vitalik Buterin: Will continue to study the new leadership structure of the Ethereum Foundation, more information will be announced soon; 18. Multicoin completes the acquisition of $8 million worth of GEOD tokens from the Geodnet Foundation; 19. In the past 24 hours, the entire network had liquidation of $1.581 billion, mainly long positions; 20. Scrap yard management expert James Howells says the chances of recovering a $669 million Bitcoin hard drive are nearly zero. #币圈资讯
Good morning, brothers The market seems to be warming up! Has the bottom-fishing been successful?
Currently, the average price is basically around 89-90, and the average position is not fully loaded. I am currently holding a 6% position, leaving the last hand, and will see today if it is necessary to add in.
Large, medium, and small cycle resonance below the daily line of Bitcoin 🈳Trend, small cycle capture 🈳single entry signal 📶, short on highs: Place staggered limit orders near resistance levels 91399 and 93895 on the 1-hour chart 📉;
The above analysis is for your reference. For 🈳single entry, please manage your capital position well, fasten your seatbelt, and set take-profit and stop-loss levels ⚠️