Crypto Market Weekly Recap for Next Week

Macro (Key Focus Next Week):
Watch the meeting minutes of the US and European central banks; US-Iran will be in negotiations; South Africa has started taxing cryptocurrencies.

Project Updates:
Hackers dump large amounts of SOL and ETH to cash out and wash trading; Ethereum has announced a major upgrade plan for the next 3–4 years, which is a long-term positive for the ecosystem.

Market Sentiment:
Bitcoin’s governance and risk-resilience capabilities are getting stronger, which is bullish; currently, retail investors are generally trapped, with an unrealized loss of 20% on average.
Big players remain bullish on BTC, targeting 250,000 within the year; the AI computing power model has potential risks and hidden concerns.

Core Data:
1. “Bait-and-shit” coins have completely cooled off, and capital withdrawal is obvious; South Korea’s crypto regulatory reshuffle leads to the delisting of a large number of coins.
2. Massive whales have been aggressively snatching up the dip in ETH and BTC recently, and have already seen small profits.
3. The US dollar is being overissued, which supports the Bitcoin anti-inflation narrative; large amounts of stablecoin capital worth over 10 billion have fled the crypto market and flowed into US stocks.
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