Bitcoin once broke through $102,500 at midnight today, but then experienced a significant pullback, dropping to $99,311 at one point. The current price hovers around $99,672, and it is unclear whether there is a signal to short.
Ki Young Ju, founder of the cryptocurrency analysis company CryptoQuant, pointed out in a post yesterday on X platform that BlackRock's Bitcoin spot ETF has surpassed its gold ETF in scale, with billions of dollars flowing into the Bitcoin market weekly.
He also mentioned that the market capitalization of gold is 17 trillion USD, while Bitcoin is only 2 trillion USD, suggesting that smart capital has identified Bitcoin as the future winner, reflecting the growing market demand for Bitcoin.
Sygnum Bank stated in its (Cryptocurrency Market Outlook) report that institutional adoption of Bitcoin has created a multiplier effect on BTC prices, with every 1 billion USD of spot ETF funds inflow driving Bitcoin up by approximately 3% to 6%.
The bank predicts that as U.S. regulatory progress continues and Bitcoin becomes a potential central bank reserve asset, large institutional investors, such as sovereign wealth funds and pension funds, will accelerate Bitcoin purchases in 2025, driving prices further up.
Sygnum Bank pointed out that the prospects for altcoins remain unclear and may take longer to see growth opportunities. The report mentioned that altcoins can thrive only if U.S. legislators establish appropriate asset class rules, allowing projects to convey value without triggering regulatory concerns, especially the (Financial Innovation and Technology Act of the 21st Century) (FIT21 Act) and the (Stablecoin Act) are crucial for cryptocurrency.
Today's discussions on quantum computing threats have arisen, but experts believe that it currently does not pose a real threat to Bitcoin. Jeffrey Scholz, founder of Rare Skills, pointed out that the capabilities of quantum computing are still millions of steps away from cracking Bitcoin private keys, and increasing the difficulty of quantum gates makes it nearly impractical in reality. Yuxian, founder of Slow Mist, summarized that the progress of quantum computing is far from being able to crack Bitcoin private keys, and may only become a threat decades later.
Despite this, some netizens believe that quantum computing will first break Ethereum, and some even think that the market's short-term decline due to quantum threat news will be a good opportunity to buy. However, there are still voices pointing out that although quantum computing may pose a threat to Bitcoin in the coming decades, being overly optimistic and ignoring this potential risk at the current stage may not be wise.
At this stage, accumulate ETH and SOL on dips while focusing on DeFi leaders like Uni and AAVE.
Uni: Current price 17~18U, although the increase is considerable, there is still room compared to the previous bull market high of 45U. With a significant short-term increase, it is recommended to wait for a pullback before entering.
Pepe: Although it has declined in the short term due to market influence, it is bullish in the long term, especially for coins with strong consensus and high popularity, which are expected to reach new highs in the future.
Six hours ago, Trump World Liberty added 1 million USD.
$LINK and $AAVE with a value of 247,000 USD currently have the following holdings:
LINK: 78,400 coins, approximately 2.27 million USD, cost $25.54
AAVE: 4043 coins, approximately 1.49 million USD, cost $308.24
However, the effect of this rally has noticeably weakened.
Cryptocurrency cycle pattern: Bitcoin rises first, mainstream coins follow, altcoins celebrate, and finally the cryptocurrency market crashes.
Today's article ends here. Currently in a bull market, with winds and clouds stirring, we share passwords every day.
