Around 1:30 AM today (19th), Bitcoin rapidly spiked to $92,500, setting a record low for 2025. However, it seems to have reached the target price for short sellers, and Bitcoin subsequently began to rebound, reporting $95,120 before the deadline, with the 24-hour drop narrowing to 1.84%.
If it can continue to oscillate around $95,000 for some time before continuing upward, then the $98,000 speculation is likely to be a stop-loss point for many short sellers, and it could come to hunt their positions.
Ethereum is firmly defending $3,200.
At the same time, Ethereum also briefly dipped to $3,208, rebounding back to $3,342 before the deadline, down 1.61% in the last 24 hours.
Liquidations totaled $570 million in the past 24 hours.
On the other hand, according to data from Coinglass, the total amount of liquidations across the cryptocurrency market in the past 24 hours reached $574 million, with long positions liquidating $438 million and short positions liquidating $136 million, affecting over 212,000 people.
According to Chinese cryptocurrency media 'Wu Blockchain,' Wang Yongli, former deputy governor of the Bank of China and co-chairman of Digital China Information Service Group, pointed out that Bitcoin can only serve as a new type of tradable digital asset and is unlikely to become a real currency, let alone replace sovereign currency. He questions the feasibility of Bitcoin as a national strategic reserve, suggesting that it is not yet mature.
Wang Yongli stated that the essence of currency is as a measure of value and a medium of exchange, requiring currency stability, whereas Bitcoin, due to its fixed supply and extreme price volatility, does not conform to the basic laws of currency development.
He questions the feasibility of Bitcoin as a national strategic reserve, stating that its safety and risk management are not yet mature.
In response to the new Bitcoin policy proposed by the elected U.S. President Donald Trump, he emphasized that excessive deregulation could undermine the status of the dollar and called on the international community to respond rationally, avoiding blind following.
It is worth noting that the current narrative surrounding AI Agents is gaining traction, particularly the combination of AI Agents and DeFi. The total market capitalization of this narrative is currently below $1 billion, indicating significant growth potential.
DeFai, or DeFi + AI Agent, seems to be becoming the most promising niche in AI Agents, directly related to crypto assets and trading.
The performance of several related concept coins in the past 24 hours is as follows:
Citadail increased by 135%, market cap $36M;
Grift increased by 83%, market cap $60M;
Buzz increased by 67%, market cap $91M; (However, before this article was published, $Buzz had already successfully surpassed $100M, bringing the rhythm of DeFAI along.)
Neur increased by 112%, market cap $65M;
The leading market cap concept coin is Griffain, with a market cap of $447 million, down 8% in the last 24 hours; this coin has been listed on Binance contracts.
In addition, some concept coins have fallen and then risen, such as Degenai, VADER, etc.
An incomplete list of DeFAI includes the types of trades incorporated into this narrative. Is the hype just a flash in the pan or a sustained increase? It may be time to buy and hold.
Key introduction to the buzz I am optimistic about.
Buzz: A DeFi agent aggregator and toolkit. Currently, it should be the best among the projects combining AI and DeFi; the SOL AI hackathon project, the first DeFi agent, simplifies DeFi interactions through AI technology, with 5% of the dev's lockup showing great promise, and it has already been listed on Bitget with significant potential ahead and good technology.
Swarms have a maximum market value 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, we will start the third ecological project, locking up a large amount of MAX again, which means MAX will rise again.
Is Max the next AXS? AXS peaked at $10 billion, Virtual at $4 billion; essentially, this is driven by the surge in ecosystem value.
Therefore, AXS and Virtual MAX are fundamentally the same; it is just that the focus is different: one is blockchain gaming, and the other is AI agents.
Max's market value has already surpassed the popular VVAIFU clanker; the most promising remains the platform token, the last one being BBG, the one before that being Virtual, and the latest is MAX. All the layering and staking empowerment revolves around platform tokens.
