Is the big dump of Bitcoin the end of the bull run? Understand these three points before concluding.

1. Why did Bitcoin suddenly fall?
Yesterday, the market just witnessed Bitcoin reach a new high of $105,000, and in the blink of an eye, it fell below $103,000. This is related to two key factors:

Positive signals have emerged from the China-U.S. trade negotiations, with funds shifting from safe-haven assets to the stock market.
Bitcoin has risen more than 24% in the last 30 days, and there is a short-term need for technical correction.

Just like the surge in gold during last year's Russia-Ukraine conflict, now that expectations for peace have increased, investors will naturally take profits from gold and Bitcoin to shift their investments into stocks. This "seesaw effect" is quite normal in financial markets.

2. On-chain data reveals real signals
In the first 9 days of May, the US spot ETF saw an inflow of 2 billion USD (equivalent to buying 34,000 BTC per day).
The Giant Whale Strategy Fund's holdings have exceeded 568,000 coins, accounting for 6% of the circulating supply.
The perpetual contract financing rate has returned to normal levels (previously the leverage was too high).
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Breaking the rumors, the Financial Supervisory Commission explains the anti-fraud front: cash transactions in the virtual asset industry will be limited, with new regulations expected to take effect by the end of June.

Cash transactions are difficult to trace and have become a loophole for fraud. The Securities and Futures Bureau requires the VASP association to amend its self-regulatory guidelines within one month.
To combat increasingly diverse fraud and money laundering methods, Taiwan's Financial Supervisory Commission (FSC) has once again taken action by launching a new wave of anti-fraud mechanisms targeting the virtual asset industry. Following the announcement by the Bureau of Investigation that it will conduct financial inspections on virtual asset operators, the Securities and Futures Bureau (SFB) of the FSC also officially issued a letter to the Virtual Currency Business Association of the Republic of China (referred to as the VASP Association) on May 7, requiring it to amend its self-discipline regulations within a month, prohibiting member operators from accepting cash for virtual asset transactions. This move will enhance the traceability of financial flows and reduce the risk of fraud, with implementation expected as early as the end of June.
Transparent cash flow! Securities and Futures Bureau: Comprehensive ban on cash transactions, included in self-regulatory norms.
According to the content of the letter from the Securities and Futures Commission, due to the difficulty in tracking cash transactions in terms of fund flow, it is easy to create cash flow breaks, which can be exploited by illegal entities.
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Saudi Arabia will invest $600 billion in the United States as Trump meets ‘good friend’ MBS

President Donald Trump landed in Riyadh on Tuesday with a purple carpet waiting for him and a $600 billion promise coming from Saudi Arabia.
The country’s Investment Minister Khalid Al-Falih said the kingdom will pour that amount into the US economy over the next four years. He made the statement a
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Major US Recession Avoided? Barclays Forecasts Brighter Economic Outlook and Future Fed Rate Cuts

For those navigating the volatile world of cryptocurrencies and broader financial markets, keeping an eye on the macroeconomic landscape is crucial. A significant update from British investment bank Barclays is making waves, as they’ve revised their economic outlook for the United States, moving
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Technology Giant Dell Rejected the Bitcoin (BTC) Proposal, SEC Supported!

Dell Technologies rejected a proposal to include Bitcoin in their financial assets, citing concerns about violating management autonomy. The proposal suggested Bitcoin as a hedge against inflation, but Dell defended the decision as a matter for the board, not shareholders. SEC supported Dell's rejection of the proposal.
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Charles Hoskinson Hints At Apple and Google Triggering a Crypto Adoption Surge

Charles Hoskinson predicts Apple and Google could initiate widespread crypto adoption through a simple update. This sudden influx would pose scalability challenges to existing crypto systems. Tech giants hold the power to revolutionize the industry and prompt essential readiness.
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Post-Satoshi-Era Bitcoin Wallet Awakens With 300 BTC Worth $31,045,610

Whales and sharks accumulate large amounts of Bitcoin, with an ancient whale reawakening and gaining significant profits. Prominent blockchain platform Whale Alert reported the whale's return with 300 BTC now worth $31 million. Additionally, the Santiment report reveals that key crypto holders have absorbed 83,105 BTC, while smaller retail owners have sold about 387 BTC.
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Echelon Prime (PRIME) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move

The Ethereum (ETH) market is thriving, driving up altcoins like Echelon Prime (PRIME) by over 44%. PRIME shows a Bearish Crab pattern, suggesting a further potential price increase towards $7.53, backed by Fibonacci levels. The pattern's completion and market sentiment, especially towards ETH, will be crucial for PRIME's bullish outlook.
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