Today (the 9th) around 1:30 AM, Bitcoin's price quickly dipped to $92,500, reaching the lowest price since 2025. However, it seems this has reached the target price for shorts, and Bitcoin subsequently rebounded. As of the deadline, the quote is $94,750, with the decrease in the last 24 hours narrowing to 1.84%.
If Bitcoin can continue to oscillate around $95,000 for a period before rising, it is expected that $98,000 will be a stop-loss price for many shorts, which may trigger a 'hunt' for their positions.
Ethereum holds steady at $3200.
At the same time, Ethereum briefly dipped to $3208, then rebounded to $3342 before the deadline, a decrease of 1.61% in the last 24 hours.
In the last 24 hours, liquidations reached 570 million dollars.
Additionally, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached 574 million dollars in the past 24 hours. Among them, the liquidation amount of long positions was 438 million dollars, which is quite significant; the liquidation amount of short positions was 136 million dollars, affecting more than 212,000 people.
Another piece of news reports from Chinese cryptocurrency media 'Wu Blockchain' that Wang Yongli, former vice president of the Bank of China and co-chairman of Digital China Information Service Group, stated in an article 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 currencies.
Wang Yongli believes that the essence of currency is a measure of value and a medium of exchange, which requires stability in currency value. However, Bitcoin has a fixed total supply and extreme price volatility, which does not conform to the basic laws of currency development.
He questioned the feasibility of Bitcoin as a national strategic reserve, believing that Bitcoin is not mature enough in terms of security and risk management.
Regarding the new Bitcoin policy proposed by the elected President of the United States, Donald Trump, Wang Yongli emphasized that excessive relaxation of regulation could weaken the position of the US dollar. He called on the international community to treat this rationally and not to follow blindly.
Next, let's take a look at the current hype surrounding AI Agent narratives, where the popularity of AI Agent + DeFi is on the rise. The total market value of this narrative is currently below 1 billion dollars, indicating significant growth potential.
DeFai, which combines DeFi and AI Agent, seems to be the most promising segment of the AI Agent field, directly related to crypto assets and trading.
Several related concept coins performed as follows in the last 24 hours:
Citadail up 135%, market cap 36M;
Grift up 83%, market cap 60M;
Buzz up 67%, market cap 91M; (However, before the article was published, $Buzz had already successfully surpassed 100M, bringing up the rhythm of DeFAI.)
Neur up 112%, market cap 65M;
The leading concept in market capitalization is Griffain, with a market value of 447 million, down 8% in the last 24 hours. This coin has been listed on Binance contracts.
In addition, there are some concept coins that have fallen and then risen, such as degenai and VADER.
DeFAI's incomplete list includes trading types in this narrative. Will the hype continue or is it just a flash in the pan? Is it time to buy and hold?
Focus on the buzz that I am optimistic about.
Buzz: DeFi aggregator and toolkit. Currently, it seems to be the best in the Ai + DeFi projects. The SOL AI hackathon project is the first DeFi agent, simplifying DeFi interactions through AI technology. 5% of the dev's locked positions have a vision, and it has already been listed on Bitget, with significant future potential and technology.
Swarms have a maximum market value of 500 million, so BUZZ reaching 300 million is also an opportunity.
CA: 9DHe3pycTuymFk4H4bbPoAJ4hQrr2kaLDF6J6aAKpump
The market plunged, yet MAX continued to reach new highs.
On the 11th, the third ecological project will be launched, at which point a large amount of MAX will be locked up. As a result, MAX's price is expected to rise again.
Will MAX become the next AXS? AXS reached a maximum market value of 10 billion, Virtual peaked at 4 billion, both driven by ecosystem explosions that led to market cap growth.
In fact, Axs, Virtual, and MAX are essentially similar, but each is in a different niche; one is in the blockchain gaming field, while the other is in the AI agent field.
Currently, MAX's market value has surpassed the hot vvaifu clanker. Among various coins, the most promising for development is the platform coin. The last popular platform coin was BBG, before that it was Virtual, and recently it is MAX. All the nested staking empowerment actions are centered around platform coins.
