The vast majority of people cannot hoard the cakes, this is the real situation. There will always be a price that will make you give up your chips, and after that, you are very likely to never buy back the original amount of chips.
Quoting a saying from God 9: "Even though you know that hoarding cakes will set you free, you still cannot hoard them because you can't wait."

Bitcoin-to-Gold Ratio rose to 37.3 on Monday, reaching an all-time high, meaning one BTC can now buy approximately 37 ounces of gold.

This metric is commonly used to compare the relative strength and investor preference between the two assets. Compared to 36.7 during the last peak of the cryptocurrency bull market in November 2021, the current metric is about half a percentage point higher.

Sidney Powell, CEO and co-founder of institutional capital market Maple Finance, stated: "The new high indicates the continued adoption and maturation of Bitcoin as an asset class."

Recently, Hyperliquid has been very popular, especially its auction mode, but I've searched high and low without finding the entrance.

Here are some observations to share:

1. Product Style: FTX

The UI style is very similar to FTX, and the development of functions is also similar, friendly to traders but generally for retail investors; the founder comes from a background like Sam, also a trader.

If Sam hadn't entered, Jeff would probably have followed this narrative route as well.

2. Product Logic: DYDX

The entire product logic is quite similar to DYDX, also depositing money from various chains into their own chain.

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But it seems that this is not the official network yet.

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Currently, it only supports deposits from arb and does not support other networks yet.

3. Auction Mode: Hydax

At first glance, the auction mode reminds me of Huobi's Hydax, which is essentially the project party brushing money, indirectly giving money to the exchange. Of course, this model was later mishandled by Huobi.

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Hyperliquid's model seems to suggest giving this money to HLP users.

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I really couldn't find the entrance; logically, shouldn't it be on the official website? Very strange, I only found an entrance to a personal website created by a fan.

All projects in the crypto circle are side projects, so everyone should not be biased:

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You shouldn't be biased just because NFTs aren't truly decentralized.

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You shouldn't be biased just because DeFi is a circular operation.

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You shouldn't be biased just because inscriptions are redundant.

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You shouldn't be biased just because memes are community PvP.

$btc is currently in a head and shoulders bottom formation. Although it has been consistently resisted at the parallel top of $102,500, generally speaking, the probability of a breakout according to this pattern is still relatively high. Looking forward to whether it can break the key neckline level this weekend.

Matrixport's report indicates that the price of Bitcoin is expected to reach $160,000 by 2025. The continued allocation of institutional investors to spot ETFs has brought significant returns and will drive further accumulation in 2025.

In addition, the adoption rate of the crypto market is expected to break the critical point of 8% in 2025. The stable inflow of institutional funds has improved market structure, reducing the likelihood of a significant pullback in Bitcoin (-80%), while accumulating new upward momentum.

Matrixport's Greed and Fear Index shows that the current market consolidation period may shorten, and the normalization of funding rates suggests that a new round of upward movement is imminent.

Now the logic is to focus on AI agents + desci, the topic is related, popular rotation, charge first, in the short term, being the first has a high probability of substantial profits. Just now, I seized the first desci on goat—BIO, four times in 15 minutes.

Analyzing BAN PNUT SHIB

Ban has been accumulating at the bottom, but the adjustment period has been too short. The longer the adjustment period, the stronger the subsequent breakout.

Pnut has much more favorable capital than Ban, so when Ban broke through an important support level, Pnut basically didn't break down and has a lot of favorable capital.

Can we buy PNUT now?

This major pullback did not break through an important level, so it is still relatively safe. If you say it is particularly safe, it's hard to say, mainly because it hasn't experienced a long adjustment period.

Shib in 2021 was like this, with continuous accumulation at the bottom, neither rising nor falling, being washed out for 6 months, and then it surged 20 times later; this kind of trend is particularly safe.

Currently, both BAN and PNUT can be bought, but don't easily go heavy on positions unless you really have a hold. Diversified investment is still very necessary.

The year 2025 marks the beginning of China's QE era. The exchange rate will slightly decline, government bond yields will slightly decline, and the central bank's interest rate will slightly decline, followed by the initiation of a small easing mode.

Using a low exchange rate and low interest rate model to stabilize foreign trade, it is expected to grow approximately 10% when calculated in RMB, and likely remain flat when calculated in USD.

Then you will find that in 2025, China's GDP will grow by 5% when calculated in RMB, while remaining flat when calculated in USD.

This pattern will continue every subsequent year.