The market maker is no longer performing: scam coins are flying wildly, and the US stock market is hitting new highs. This wave is a harvest, not a bull market.

Let’s talk about the recent market situation today. Recently, the妖币 (Yao Coin) is soaring, U.S. stocks are going crazy, and everyone is shouting “The bull market is back.”

But I’ll start with the conclusion: this wave might be a bit off.

First, about “妖币 flying wildly,” I mentioned before about the妖币 RAVE, which skyrocketed 50X in three days. Today, it hit a new high again, and the new high price was pulled up to 18.88, so this dog whale has already shown its technical moves, and two conclusions can be drawn: the whale is controlled by Chinese traders because 8 is a favored number among Chinese, and secondly, the whale is clearly signaling, “Don’t mess with me, I can precisely control down to two decimal places.” So, as I said in Monday’s article, don’t play with this kind of whale; you can’t beat him.

Second, the second altcoin, ORDI, surged 200 yesterday. Many people say it can reach a new high. Brothers, don’t dream anymore. The previous high was 80, which means a 4,000% increase is needed. Now, who dares to push such a high market cap? It’s just a quick pump, and there’s no new story to tell about ORDI anymore—nothing at all!

Third, Siren suddenly jumped another 100% today. I previously set up on-chain monitoring for Siren, and it’s said that the top 50 addresses are market makers DWF’s addresses. This monitoring has been running for over half a month, and these addresses haven’t moved. My personal guess is that someone preemptively hijacked DWF’s market-making results! Because the biggest surge plus drop happened within just two days. Of course, it’s also possible that market makers and others colluded in this move—this time, they’re harvesting again.

So, overall, you really can’t beat whales in the altcoin game, so be very cautious about risks!

Now, let’s talk about the overall market. Recently, U.S. stocks have been extremely crazy, hitting new highs, and in just two weeks, they wiped out two months of declines. They’ve been maintaining over 2% gains daily (Nasdaq). In our article on April 10, we mentioned that the Nasdaq rose 3 points that day, showing very strong capital flow!

And in the past couple of days, it even broke a new high and held steady. I truly admire the strength of U.S. stocks! It’s impressive. So, dollar-cost averaging into the Nasdaq is indeed a good choice—Warren Buffett told us this decades ago.

Moreover, the top U.S. companies are almost back to their previous highs, so the strength of the U.S. stock market is real. We’ve already started researching U.S. stocks, which also confirms our future focus on them. Everyone should keep up with the rhythm.

But looking back at our crypto circle, Bitcoin is still hovering around 75,000 yuan, even hesitant to break through the key level of 76,000 yuan. Normally, Bitcoin follows the U.S. stocks, but recently, it’s been weak. In the past, if U.S. stocks soared, Bitcoin would have already shot up.

Because Nasdaq’s market cap is much larger than Bitcoin’s, a 2-3% rise in Nasdaq usually means at least a 5% rise in Bitcoin. But now, Nasdaq is up 2-3%, and Bitcoin only rises 1%. What does this indicate?

First, Bitcoin is currently at a critical resistance level of 76,000 yuan, and mainstream funds haven’t entered yet. This level is awkward, needing a big institutional push for retail traders to follow. Otherwise, retail traders have no motivation at this level, especially since the risk of a pullback is high.

Second, U.S. stocks are indeed too strong. The real Wall Street mainstream funds are still focused on U.S. stocks. When will the big players enter the crypto market? Probably when they see U.S. stocks at high levels, and when they think the risk in U.S. stocks is high, some funds might move into the risk market, including crypto.

Many people say this wave is the start of a bull market, but I think it’s not necessarily. The overall environment isn’t very favorable right now. The Federal Reserve definitely won’t cut interest rates in the short term. Although there’s been a ceasefire for two weeks, the outcome remains uncertain. I think it’s hard to talk about peace; given how things have turned out, neither side has gained much. If negotiations happen, both sides will want to maximize their benefits, which is impossible. I believe the best ending is that both sides drag on until they see no point in confrontation, then let it go—this would be the best outcome.

U.S. stocks have been surging for two weeks straight, and a correction is very likely. If a correction happens, Bitcoin probably will dip again. If U.S. stocks continue to surge, I can only say U.S. stocks are awesome—everyone should consider trading U.S. stocks in the future.

Another point is that all the altcoins are taking off recently, but Bitcoin and Ethereum haven’t followed the rally. Usually, Bitcoin and Ethereum lead the rise, and altcoins follow. But every time altcoins go wild, that’s about the time this wave is ending. So, everyone should be cautious about risks!