FreedmanCrypto[互关版]

This afternoon, news came from South Korea that the Samsung union officially announced the breakdown of negotiations, and the strike plan remains unchanged, scheduled to start on May 24. The management urgently applied for mediation in the afternoon, but the union directly rejected it—"No sincerity, a waste of time." $BTC $79,062 is standing still, but there is a detail to note 👇 South Korea is one of Asia's largest crypto markets. If the Samsung strike triggers a depreciation of the Korean won and economic turmoil in South Korea, Korean retail investors' crypto assets might be forced to be sold to cover positions. The last time the Korean "kimchi premium" disappeared, BTC dropped $2,000 directly. If history repeats itself this time... Moreover, South Korean regulators have recently been cracking down on crypto exchanges, and a strike like this will only give them more justification to tighten policies. Honestly, with this kind of macro black swan event, you never know when it will explode. The best short-term move is to keep your ammo ready and avoid going naked. Have you noticed that every time something big happens in Asia, BTC seems to take a hit? Do you think this time will be different? #韩国三星劳资谈判破裂

I glanced at the market during lunch break and casually opened a news article, which got more and more interesting—— The Federal Reserve just released a report saying that Crypto is basically not used by many people in real life. The survey data is straightforward: less than 1 in 10 Americans have ever used cryptocurrency for payments, mainly in scenarios like cross-border remittances where it's "necessary." Most people don't think cryptocurrency should be used as an everyday payment tool. The problem is, this is completely disconnected from the institutional narrative. $BTC ETF trading volumes are in the billions, MicroStrategy keeps buying more coins—these news are everywhere, but in ordinary people's daily lives, you simply can't find scenarios where cryptocurrency is used for payments. Recently, Trump issued an order for the Fed to re-examine crypto's entry into the US payment system, and the CLARITY Act is also on the way. But even if regulatory frameworks are established and institutional funds come in, ordinary users won't start using Crypto to buy groceries or coffee just because of these. What is Crypto still missing to become a truly mainstream payment tool? I finished lunch and still haven't figured it out. What do you think, after regulatory breakthroughs, can Crypto really enter everyday life?

Halfway through my workout, my phone suddenly vibrated. Looking down, $BTC was still hovering around $77,295, and $ETH at $2,109 was holding steady. But on the @OKX planet, everyone wasn’t talking about BTC — they were talking about $HYPE. Hyperliquid’s HYPE token quietly surged nearly 30% last night, and the community is buzzing about some new proposal it’s about to release. Some say the chain is about to change direction, others say funds are temporarily moving from BTC to Hyperliquid for arbitrage. Honestly, BTC has been stuck around $77K for almost two weeks, with strong resistance at $78K above and a psychological support at $76K below. I set an alert at $76,500 before bed last night, but it never even touched that today. But this kind of sideways trading is the worst — it doesn’t drop so you don’t want to buy, and it doesn’t rise so you’re reluctant to sell. On the other hand, small-cap coins like $HYPE, with high volatility and sensitive news flow, are more attractive to short-term traders. What about you? Are you currently holding BTC or alts? How do you usually trade during sideways markets?

After finishing my workout and taking a shower, a screen of messages popped up on my phone—BTC briefly reclaimed $77,800, and ETH followed with a recovery. Honestly, I was a bit surprised. This morning, people were still saying institutions were selling off and ETFs had continuous net outflows, but by the afternoon, there was a rebound. On-chain data shows this rebound was accompanied by significant short liquidations—the shorts got taught a lesson. The market is always like this: when pessimistic, many shout that it will break $70K; when optimistic, some start calling for $100K. But the current position is actually quite awkward: above $77,800, selling pressure is heavy, and the bottom-fishing funds aren’t that decisive. There’s a data point worth noting today—since the launch of $XRP futures on CME, cumulative trading volume has surpassed $63 billion. This number is quite staggering, indicating that traditional institutions’ interest in XRP is clearly rising. Previously, people thought XRP was a security controversy coin, but now with CME and institutional funds entering one after another, the narrative has quietly changed. If you’re currently holding no position, should you chase in or keep waiting? I think either is fine, but don’t go heavy. After all, there are still many uncertainties on the macro level—the Fed’s policy pace and geopolitical risks in the Middle East haven’t fully settled yet. Did you bottom-fish today? Or like me, did you only realize it had already risen after the news came out? $BTC $ETH

While waiting in line for the elevator, I came across a piece of news that almost made me lose my balance. Bitcoin mining company Canaan announced its Q1 financial report, revealing a net loss as high as $88 million. At that time, $BTC was still hovering around $77,947, and $ETH was oscillating above $2,139. Once the news broke, the comment section exploded—"Mining companies are barely holding on, can the coin prices stay stable?" Honestly, the losses of mining companies themselves are not surprising. Since the coin prices have fallen from last year's highs, miners simply can't bear the electricity costs and equipment depreciation under this market condition. But the problem is, Canaan is not an isolated case; the entire mining sector is going through the same growing pains—hashrate is concentrating, difficulty is rising, and retail investors are panicking. The key question is, will the selling pressure from mining companies become the driving force for a new round of market crashes? I did some calculations myself. If Canaan is forced to start liquidating its holdings, the financial pressure alone would be enough to weigh down the market. Not to mention the small and medium miners—they don’t have the financing channels of listed companies and can only tough it out in the secondary market. This round of rebound is essentially propped up by institutions and smart money. Once mining companies start a stampede, whether $BTC can hold the psychological barrier of 77,000 is really uncertain. For now, Trump’s statements regarding Iran have temporarily stabilized market sentiment, and both BTC and ETH are slightly rebounding. But the fundamentals of mining companies have not improved, and the macroeconomic pressures have not been alleviated. How long this rebound can last, no one can say for sure. Do you have miner friends around you? What is their current status? Are they holding on to the end or have they already exited?

While waiting at a red light, I came across a piece of news that almost made me crush the steering wheel—Trump Media's Bitcoin ETF application was withdrawn. It wasn't rejected; they voluntarily withdrew it. And yet, they boasted for months about being "crypto supporters," but what happened? $1B ETF outflows in two weeks, and Trump Media ran first. I really don't understand this plot. If he didn't believe in BTC, his own company holds nearly $8B in BTC; if he did believe, why withdraw at the critical moment? I checked the data, and in the past two weeks, BTC ETFs have seen nearly $1 billion in net outflows, with the most intense outflows during the days when US-Iran negotiations broke down. Honestly, I'm a bit confused now. Institutions are pulling out, ETFs are bleeding, so who's stepping in? Let's discuss in the comments—do you think this ETF withdrawal is an opportunity for retail investors or a signal from institutions? #BTC #ETF #Trump

While waiting at a red light, a news alert popped up on my phone—XRP futures trading volume on CME has surpassed $63 billion since launch. I glanced at my account; the XRP I bottomed out at $0.45 last year was long sold off, leaving only regret. $63 billion is no small amount, and institutions aren’t here for short-term plays. What does this indicate? The market is validating the logic behind XRP’s ETF approval expectations and institutional adoption. The stop-loss point I set back then now looks like a joke, but what really hurts isn’t losing money—it’s that I researched and held on, yet cut losses just before the dawn. $XRP is now at $1.37, only three times the price I sold at, but I don’t dare chase it, fearing a bag-holder trap. Looking back, the big players bottomed out at $0.5 long ago, but me? I’m just a retail trader—too scared to chase when it rises, stubbornly holding when it falls, cutting losses when I can’t hold anymore, only to see it rise afterward. With $63 billion in futures positions, institutions are positioning themselves while retail investors watch. What about you? Do you still dare to get on board?

While waiting in line for the elevator, I came across a news article that almost made me lose my balance. The latest Glassnode report states that about $57 billion worth of BTC is currently exposed to quantum computing risks — this is not some distant threat, but an existing technical vulnerability. The report clearly states: approximately 1.92M BTC use script forms that could be cracked by quantum computing. I'm not a tech expert, but the $57 billion figure made me look twice. I don't hold much on OKX, but just thinking about quantum computers actually breaking into BTC wallets someday keeps me up at night. Some people in the group say "quantum is still far off," while others say "this is the biggest potential downside BTC has ever faced," and the two sides are arguing fiercely. Honestly, I don't know who's right. But as an ordinary holder, there's only one thing I want to do now: check all my coins to see which chains and scripts really can't withstand the quantum computing challenge. Have you ever worried about this issue? On which chains do you keep your BTC and ETH? @OKX星球 #BTC #ETH #QuantumComputing

Woke up this morning and was stunned for a few seconds after seeing a piece of news while scrolling through my phone. Trump has ordered the Federal Reserve to review the infrastructure for cryptocurrency to enter the US payment system—in other words, this could allow stablecoins and crypto companies to connect directly to the US banking clearing network. What does this mean? Previously, to cash out crypto, you had to go through exchanges to withdraw funds and then transfer to banks. In the future, it might be possible to complete this directly through the US domestic banking system. The utility of US dollar stablecoins like USDC and USDT would instantly jump to a whole new level. This is not a small matter. Payment rails are the real key for crypto to break into the mainstream—not just trading coins, but everyday payments, cross-border transfers, and commercial settlements. If stablecoins can enter the US banking system, the crypto user base could expand from just retail investors to merchants and enterprises. Of course, regulatory risks are real. The Fed’s review means the rules are not yet set; how long the review will take, whether there will be additional conditions, and whether it will ultimately be implemented are all unknowns. The positive is the direction; the negative is the path. But the market never waits for full understanding before it starts reacting. Do you believe in the narrative of stablecoins entering the US banking system? Share your judgment in the comments.

Woken up by a push notification on my phone, I saw a piece of news that immediately cleared my mind. The US just announced a crackdown on an $7.7 billion crypto network linked to the Iranian regime's operations, involving multiple exchanges and OTC channels. As soon as the news broke, BTC instantly reversed from $77,955 downward, turning the $77K mark into a fiercely contested battleground between bulls and bears. Honestly, my first reaction wasn’t panic, but recalling the 2022 Iran sanctions—back then BTC didn’t drop but rose, bouncing from 19,000 to 24,000. History won’t simply repeat itself, but with geopolitical risks compounded by tightening liquidity, this scenario is more complex than expected. Looking at the current market, $77,955 has become short-term support. If volume picks up and it breaks down, it might retest around $76,500. However, large funds have recently been switching between BTC and gold for hedging, so purely technical analysis can easily be proven wrong. Interestingly, every time such news comes out, the community reaction is polarized—one side says "buy the rumor, sell the fact," while the other is frantically screenshotting their accounts in social circles. Comment below, which camp are you in right now?

On the way to the airport by taxi, a breaking news alert suddenly popped up on the radio—SpaceX has filed for an IPO. My first reaction wasn’t excitement, but a sudden jolt in my heart. A number flashed through my mind instantly: SpaceX’s BTC holdings are now about $1.45B, second only to MicroStrategy, making it the world’s second-largest corporate BTC holder. What does this mean? Elon Musk is holding nearly $1.5 billion worth of Bitcoin. Once SpaceX goes public, the way this holding is disclosed, the lock-up period, and whether they will sell later—all eyes in the market will be on this. I’m not a primary market player, but I know one thing: any movement in a whale’s holdings will shake the secondary market. Right now, BTC is hovering around $77,939, with ETFs seeing nearly $1 billion in net outflows for two consecutive days, and institutional funds clearly withdrawing. SpaceX filing at this moment is very delicate timing—is it looking for an outlet for liquidity pressure, or preparing for a new round of BTC accumulation? What’s even more intriguing is that SpaceX’s BTC holdings were purchased at a very low cost. If the stock price performs strongly after the IPO, could Musk possibly use part of his BTC holdings as leverage to drive a bigger capital market story? This question might keep the crypto community awake even more than SpaceX’s valuation itself. What do you think? After SpaceX goes public, how will Musk’s BTC move?