The year 2024 has been a year of transformation and challenges for the cryptocurrency market. During this year, the market experienced significant differentiation, with Meme coins leading the charge, while VC-backed tokens faced pressure. RWA tokenization has become a new focus in the market, with a significant increase in transaction volume. The market structure continues to evolve, with high FDV and low liquidity tokens performing poorly, and institutional demand for Bitcoin on the rise. Th...

The year 2024 has been a year of transformation and challenges for the cryptocurrency market. During this year, the market experienced significant differentiation, with Meme coins leading the charge, while VC-backed tokens faced pressure. RWA tokenization has become a new focus in the market, with a significant increase in transaction volume. The market structure continues to evolve, with high FDV and low liquidity tokens performing poorly, and institutional demand for Bitcoin on the rise. Th...

I. Causes of the Crash1. Dual Impact of Leverage Liquidation and Liquidity Drought BTC recently dropped from $96k to $82k, a 15% decline, driven by cascading long contract liquidations and shrinking market liquidity. Data shows $550 million in realized losses on February 25, triggering over $1 billion in long liquidations. Meanwhile, whales (transactions >$10M) reduced their dominance from 62% to 38%, exacerbating volatility due to capital outflows. 2. Macroeconomic and Regulatory Headwinds U...

I. Causes of the Crash1. Dual Impact of Leverage Liquidation and Liquidity Drought BTC recently dropped from $96k to $82k, a 15% decline, driven by cascading long contract liquidations and shrinking market liquidity. Data shows $550 million in realized losses on February 25, triggering over $1 billion in long liquidations. Meanwhile, whales (transactions >$10M) reduced their dominance from 62% to 38%, exacerbating volatility due to capital outflows. 2. Macroeconomic and Regulatory Headwinds U...

As Bitcoin prices break through the $100,000 mark and continue to set new records, discussions about the impact of Trump's policies and the future price trend of Bitcoin are heating up. Trump's re-election is seen as a significant positive development for the cryptocurrency market, driving a new round of price increases for Bitcoin.News RoundupBitcoin ETF Approval: In January 2024, the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin ETF applications, which brought a substant...

As Bitcoin prices break through the $100,000 mark and continue to set new records, discussions about the impact of Trump's policies and the future price trend of Bitcoin are heating up. Trump's re-election is seen as a significant positive development for the cryptocurrency market, driving a new round of price increases for Bitcoin.News RoundupBitcoin ETF Approval: In January 2024, the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin ETF applications, which brought a substant...