OSL Trading Moments: Market bullish and bearish signals are mixed, and institutions show signs of accumulation

1. Market observation

Keywords: DOOD, ETH, BTC

The cryptocurrency market has recently shown a diversified development trend. In terms of institutional investment, US retailer GameStop is considering including Bitcoin and other cryptocurrencies in its balance sheet, while JPMorgan Chase has increased its Bitcoin holdings by 69%, highlighting the strong interest of institutional investors in crypto assets. Thanks to the strong performance of Bitcoin and the recovery of retail transactions, the cryptocurrency exchange Coinbase performed well in the fourth quarter.

However, the market also faces some challenges. Federal Reserve Chairman Jerome Powell reiterated his firm stance on quantitative tightening, sparking market concerns. The Ethereum market also fluctuated, with a large investor selling 20,000 ETH worth $52.84 million on the Kr short exchange. But it is worth noting that the Ethereum Foundation recently allocated $120 million worth of ETH tokens to DeFi lending protocols Aave, Spark and Compound, showing continued support for the development of the ecosystem.

In terms of Bitcoin price prediction, based on the Flag Pole Pattern analysis, the market is cautiously optimistic and expects Bitcoin to hit $120,000. However, some traders warn that if market conditions fail to improve, BTC may pull back to $92,000. Nevertheless, signs of continued accumulation by institutional investors have always been a positive sign for long-term growth.

At the regulatory and policy level, President Trump has expressed his desire to move all Bitcoin mining operations to the U.S. At the same time, U.S. Customs is delaying shipments of mining machines from major Chinese suppliers, causing supply chain disruptions, which echoes calls to promote domestic mining.

Looking ahead, Ark Invest CEO Cathie Wood maintains her optimistic forecast that Bitcoin prices will exceed $1 million by 2030, citing increased institutional participation and the possibility of government adoption. Another positive signal is that Japanese company Metaplanet raised 4 billion yen through zero-coupon bonds to increase its holdings of Bitcoin, reflecting the confidence of the Asian market in crypto assets.

2. Key data (as of 09:30 HKT on February 14)

S&P 500: 6,115.07 (+3.97% year-to-date)
Nasdaq: 19,945.64 (+3.29% year-to-date)
10-year Treasury yield: 4.540% (-3.60 basis points year-to-date)
US dollar index: 107.02 (-1.34% year-to-date)
Bitcoin: $96,605 (+3.42% YTD), with daily spot volume of $36.84 billion
Ethereum: $2,675.28 (-20.01% year-to-date), with a daily spot volume of $18.72 billion

Two wallet addresses of the same entity deposited 6.8438 million MEME into Binance

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