Digital health company CIMG purchased 500 Bitcoins, ranking 60th on the holder list.

Today I came across a news that digital health company CIMG Inc has quietly acquired 500 Bitcoins. According to data from the Bitcoin Treasuries platform, this company has made it into the "Top 100 Bitcoin Holders" list, ranking 60th.

Looking at this brief news, I can't help but think of the crazy state of the current market. Bitcoin has just experienced a bloodbath, plunging nearly 10% from a high of $120,000, and is now barely holding around $112,000. This drop was mainly triggered by Trump's threat to impose additional tariffs on China, causing panic in the market that led to over $19.1 billion in liquidations within 24 hours!

In this case, the behavior of CIMG choosing to hold coins seems particularly interesting. Are they genuinely optimistic about the long-term value of Bitcoin, or are they just following the strategies of institutional investors? After all, we have seen that the Bitcoin Fear and Greed Index has once again returned to an "extreme fear" state.

At the same time, other assets in the market are also struggling. WTI crude oil has fallen below $60, and tech stocks in the U.S. market have plummeted, with the Nasdaq index dropping 4.35% in a single day. Gold, on the other hand, has soared above $4000, once again proving its safe-haven properties.

To be honest, in this market environment, CIMG's Bitcoin purchasing behavior makes me both admire and worry. Did they spot the "golden pit" or jump into the "deep pit"? Only time will tell.