The Jeju Special Self-Governing Province of South Korea is committed to creating a cashless international city through digital transformation. They plan to build infrastructure that universally supports QR payment methods for neighboring countries such as China and Japan. In addition, they will improve healthcare and educational services based on artificial intelligence (AI), and utilize the metaverse to host online sports events and other activities. Jeju Island will introduce a 'digital convenient payment system' and establish a universal system that can support payment methods from neighboring countries like China, Japan, and South Korea. This system will also allow users to convert virtual assets like Bitcoin into the local currency of Jeju, enabling a convenient payment experience without cash or additional currency exchange.
The National Center for Public Policy Research, located in Washington D.C. (a free-market think tank and also an Amazon shareholder), has submitted a shareholder proposal to Amazon advocating for the adoption of Bitcoin as part of its corporate treasury strategy at the shareholders' meeting in April 2025. The proposal points out that the current Consumer Price Index (CPI) that measures inflation in the U.S. is 4.95%, but this metric is 'extremely poor' at measuring the real depreciation of currency, with the actual inflation rate potentially being twice the CPI report number; this has significantly eroded Amazon's $88 billion in cash and short-term cash equivalents. To protect shareholder value, Bitcoin should be used to hedge against this risk.
Russian President Putin views cryptocurrency as a potential settlement method for the BRICS investment platform. Putin stated that work on building this platform has already begun, and crypto assets may have a place among the settlement tools of the investment platform. The BRICS group is relentlessly pursuing a financial system that reduces reliance on the U.S. dollar. At the 'Call of Russia' forum hosted by VTB Bank, one of Russia's largest financial institutions, Putin mentioned crypto assets and acknowledged expert predictions that global growth will benefit from these assets and their use in related financial infrastructure. The BRICS group consists of major emerging economies, including Brazil, Russia, India, China, South Africa, Egypt, Iran, Saudi Arabia, Argentina, Ethiopia, and the United Arab Emirates. Argentina, Ethiopia, and the UAE have already started using state resources to mine Bitcoin.
BTC is still in a high-level consolidation phase. Although there has been a general drop in altcoins, the adjustments of mainstream coins are still within a reasonable range. The vast majority of people are only paying attention to the fact that 572,395 people were liquidated in the crypto market over the past 24 hours, speculating whether crypto is over, while ignoring that this liquidation data far exceeds the crash of March 12, 2020 (when Bitcoin plummeted 50%, liquidating about 100,000 people). From this data perspective, it clearly indicates that the long positions have mostly been liquidated. Since profitable positions have not been actively realized, let’s allow them to be liquidated passively. Once the profitable positions are cleared, lifting the price will be much easier. The previous article suggested that the small support level is still at $90,000, with strong support at $85,000. If the market gives an opportunity between $90,000 and $85,000, that would be a money-making opportunity. If it pulls back, feel free to pick it up. The bull market has just begun. If it pulls back, it is merely a squatting movement before jumping. Bitcoin reaching six figures is inevitable. Last week's trend affirmed this viewpoint. Although Bitcoin fell back after surpassing $100,000, it does not imply the end of this round of market. From the overall trend over the past month and a half, the probability of high-level consolidation replacing declines is increasing. The support at $90,000 is very solid; as long as it doesn't fall below $90,000, don't doubt that the bull market has ended. At the very least, wait until it falls below $85,000 to worry about whether the bull is still present. Therefore, I still maintain the thought that the bull market continues. Even if the market gives a pullback below $90,000, it is still a money-making opportunity.
ETH has consistently indicated that theoretically, breaking through $3,400 could lead to the $3,800 to $4,000 area. Even if it doesn’t reach $4,000, it will likely test $3,900. A pullback to $3,400 followed by a breakout at $3,800 would be an ideal scenario; if it pulls back below $3,400, it would present a buying opportunity. If it directly breaks upwards past $3,800, don't chase it; focus on the ecosystem. Chasing it will lead to panic if it retraces. Currently, the ETH price movement aligns closely with expectations. The previous article stated that $3,800 is the dividing line between a bull and bear market for ETH. If it breaks above $3,800, then the Ethereum bull market will commence. Although Ethereum is currently facing resistance above $4,000, I still maintain an outlook for a bullish market that challenges historical highs. This current movement is similar to what SOL experienced before, just a normal pullback after breaking the bull-bear divide. The support above $3,400 is very strong, and a pullback below $3,500 is a good buying opportunity; below $3,400 is essentially giving away money. Theoretically, after the pullback, the next surge could reach $4,500. The bull market continues as long as it doesn't drop below $3,000.
Although SOL has also dropped, this movement is still within expectations. Previous articles have consistently said that this pattern is a normal pullback after reaching a historical high. Wait for it to pull back below $220 and then go in boldly. In this market, one fears that the whales won't sell; as long as they are willing to sell, I am willing to jump in. Last week, an opportunity arose at $215, and today another opportunity below $220 came up, with the lowest pullback reaching $201 this morning. This is a definite money-making opportunity. Many people hesitate to enter when the market starts, saying they will wait for a pullback, but now that it has actually pulled back, do you dare to enter? From the reactions in the group this morning, most people have backed off. Setting aside the bull market, if the high point drops and you don't dare to enter for a rebound after a 20% pullback, what are you even trading for? This range is a normal pullback for a bull market. If not now, then when? The $220 to $200 range is a money-making opportunity. I believe SOL will rise to $300 after repairing in this area; don't hesitate, just go for it.
When given an opportunity, cherish it. In a bull market, spot trading is enough to satisfy you.
Be cautious with contracts during a bull market.