ImaginaryWhale

In recent days, geopolitical risk factors have been causing significant fluctuations in the Bitcoin market. The market attention has suddenly shifted as U.S. President Trump set an important deadline regarding the Strait of Hormuz on Tuesday night.
Actually, the movement of Bitcoin at this timing is quite interesting. It has been hitting new highs for over the past ten days, breaking through $69,000, and the momentum shows no signs of stopping. According to market analysis, depending on how these geopolitical developments unfold, Bitcoin could potentially reach $75,000.
Honestly, it’s rare for

In the world of stock trading, understanding what price action is actually all about is, in fact, one of the most basic fundamentals that many traders overlook. Relying not on complicated indicators, but purely reading the movement of prices. That is the true meaning of price action. This method, embodying the essence of market psychology, directly reflects the collective behavior of participants.
Simply put, price action is a strategy that allows traders to make judgments based on actual price movements rather than relying on lagging indicators. By observing a clean chart and focusing solely

I recently took a fresh look at PERP, and it's a more interesting protocol than I initially thought. Have you heard of Perpetual Protocol? In simple terms, it’s like a digital marketplace where you can trade based on the price fluctuations of various assets.
The key feature of this protocol is that it adopts a system called "perpetual contracts." In other words, it’s similar to futures trading without an expiration date. You can also use leverage by borrowing, and the maximum leverage is up to 10 times. Unlike regular exchanges, smart contracts automatically determine the prices, ensuring ever

What is ATH? If you're a trader, you’ve probably thought about it at least once. In fact, whether you understand this concept correctly can often determine whether you make a profit or a loss.
ATH stands for "All Time High," referring to the highest price an asset has reached from the past up to the present. In the case of cryptocurrencies, this moment is a time when investors feel a mix of excitement and anticipation. For example, Bitcoin is currently recording an all-time high of $126,080, and such new highs symbolize a bullish mood across the entire market.
However, caution is necessary her

Mackenzie Scott's investment story really makes you think about market timing. Isn't it interesting that the "best deal" might be made not by Wall Street professional investors, but by Jeff Bezos's ex-wife, which could go down in history?
It's perfectly expressed in a viral meme: "Getting married here" before Amazon's rise, "Getting divorced here" just before the stock price surges. Let's analyze Mackenzie Scott's legendary investment decisions.
In 1993, when Mackenzie Scott married Bezos, Amazon was still just a small online bookstore. She held onto those shares for 25 years, proving the powe

BNF’s current reputation is legendary in the trading community. There isn’t a Japanese trader who hasn’t heard the story of a man who turned $13,000 into $153,000,000 in just 2 years.
If you dig into why he attracts so much attention, you’ll find it wasn’t just luck—he had a clear strategy and psychological strength.
BNF’s path began as an ordinary university student. In his early 20s, while struggling with a lack of funds, he worked multiple jobs and taught himself stock market knowledge. After a 2-year preparation period, a major opportunity arrived with the 2005 JCOM incident. He bought a l

If you're aiming to profit from perpetual contracts, understanding the funding rate is essential.
In simple terms, the funding rate is like a fee exchanged regularly between people holding long positions and those holding short positions. This fee flow is determined by the relationship between the perpetual contract price and the spot price.
The mechanism is straightforward. If the funding rate is positive, those holding long positions pay a fee to those holding short positions. If it's negative, the opposite happens. In other words, it's a system to adjust when market supply and demand are no

Over the past few years, looking at China’s cryptocurrency policies, some truly intriguing contradictions have come to light. While the mainland continues to impose strict prohibitions, Hong Kong is, somewhat unexpectedly, accelerating in a forward-looking direction. I believe this dual strategy is actually quite calculated.
Five years after the major crackdown in 2021: in mainland China, cryptocurrency trading and mining are still illegal. Beginning with the tightening of regulations during the ICO boom in 2017, and in 2021 including a ban on financial institutions providing crypto-asset serv

Bitcoin reaching $1 million—this is no longer just a pipe dream but a realistic discussion. Looking at BTC's movements over the past few years, it’s clear that several powerful factors are acting simultaneously.
First, supply-side pressures are becoming truly severe. After the 2024 halving, the inflow of new supply has halved, and currently, over 20 million BTC are in circulation. Approaching the fixed cap of 21 million, supply is becoming increasingly constrained. Historically, major price surges have always followed halving events. This is not mere coincidence but a fundamental dynamic of su

Now that Bitcoin has risen to nearly $81,000, I found some data that caught my attention. Looking at on-chain activity, it actually has dropped to its lowest level in two years. On average, about 530k active wallets and 200k new wallets per day. The price is going up, but the number of participants is low—doesn't that seem strange?
Normally, when the price rises, new users flow in and on-chain activity increases as well. The current rally seems to be driven by just a few large players. During such times, caution is advised because if these big players start taking profits, there might be no ne

トランプ新政権の周辺で何か興味深い動きが起きている。中東特使スティーブ・ウィトコフとその息子ザックの関係を巡る話なんだけど、正直かなり複雑だ。
スティーブ・ウィトコフは大統領就任前にアラブ首長国連邦へ飛んだ。公式には中東外交の役割を担うためだったが、その際に暗号通貨カンファレンスにも参加していた。その後、息子のザックが共同創立したWorld Liberty Financialという仮想通貨企業が、わずか数ヶ月でUAEの有力者タヌーン・ビン・ザイード・アル・ナヒヤーン氏の企業から20億ドルの投資を引き出したというニュースが流れた。
これだけなら単なるビジネスの話だが、問題はそこじゃない。同じ時期にスティーブ・ウィトコフが米国製の最新コンピューターチップへのアクセスをUAEに与える取引を発表したんだ。政府の公式業務と民間ビジネスが完全に絡み合っている。トランプ・ファミリーはWorld Liberty Financialの60%を所有しており、年間数千万ドルの利益が予想されている。
ザック・ウィトコフのチームはパキスタンやマレーシア、キルギスなど複数国を訪問。各国はWorld Libertyのトークンを購入し、米国との関係改善を狙っているようだ。パキスタンの場合、希土類鉱物の取引を「トークン化」する提案まで受けた。
興味深いのは、Binanceの創設者も絡んでいることだ。かつて米国でマネ

It seems that stocks related to quantum computers are being rapidly bought in the pre-market trading of U.S. stocks. IONQ, RIGETTI, and D-Wave are all soaring by double digits. Especially D-Wave is up 16%, and Quantum Computing is up 13%.
When I wondered why such a sharp rise was happening, it seems to be influenced by Google announcing the results of its quantum chip "Willow." The story that simulation calculations were completed in two hours suggests that the technological progress was appreciated by the market.
It also appears that the U.S. government is taking action, negotiating funding s

The story of the most famous Bitcoin transaction in history is truly fascinating when you think about it again. On May 22, 2010, a developer named Laszlo Hanyecz bought two pizzas with 10k bitcoins. At that time, the value was about $30. Today, it’s worth over $10k, but he says he has no regrets at all.
What makes this transaction important is not just the financial gain or loss, but the fact that it proved Bitcoin could actually function as a "currency." Back then, hardly anyone knew about Bitcoin, and no one believed in its potential as a digital asset. Laszlo actually used it in practice. H

Large-scale layoffs due to AI implementation are happening one after another in Silicon Valley, but the cryptocurrency industry is not immune to this wave either. Last week, a major cryptocurrency exchange announced layoffs of about 14% of its employees, roughly 700 people, citing AI-driven business model restructuring as the reason.
According to documents filed with regulators, the company expects to spend between $50 million and $60 million on severance and benefits. The company's CEO stated, "AI is fundamentally changing how companies operate, and we are restructuring our organization to le

Vitalik Buterin apparently revealed the breakdown of his assets.
BTC is less than 10% of the total, and combined with other cryptocurrencies besides ETH, it's also less than 10%, so he's almost entirely focused on ETH.
As expected from the founder of Ethereum.
Looking at Buterin's asset allocation, it's clear how much he personally believes in the project.
Instead of diversifying into assets with large market capitalizations, he's committed to what he created.
Such asset allocations by founders serve as an indicator of their beliefs.

It seems that a game suspected of malware was removed from Steam. It's a game called Block Blasters, and it was left untouched for over a month. Hearing that users have suffered losses of over $150k is pretty serious.
It looks like ZachXBT was investigating, and the security team shut down the C2 infrastructure related to BlockBlasters. Theft has also been confirmed. Are these kinds of malware disguised as games increasing lately? It's better to verify carefully before downloading.

Wait, Ross Ulbricht has been released? The founder of Silk Road received a pardon. He was on Trump's pardon list. When you think of Ross Ulbricht, you think of that famous dark web marketplace guy. This was quite a news story that made headlines. It seems there was also a reaction from the crypto community to Ross Ulbricht's release. It feels like the times are changing.

Bhutan is quietly advancing a large-scale sale of Bitcoin. The country, which once held 13,000 BTC, has relinquished 70% over the past 18 months, reducing its current holdings to approximately 3,954 BTC. Yesterday, 319.7 BTC were also moved from a wallet, with 250 BTC sent to an address previously used for sales.
It is highly likely that Bhutan's mining operations are no longer active. According to data from Arkham Intelligence, there has been no record of inflows to the country's holding addresses for over a year. The government, which once mined Bitcoin using hydroelectric power, is now simp

I noticed that Bitcoin has risen above $80,000. When this kind of market continues, cryptocurrency stocks tend to stand out more. Especially digital asset-related stocks are becoming more active.
Maybe it's also because more institutional investors are investing in market infrastructure companies and cryptocurrency stocks. In addition to Bitcoin's own rise, cryptocurrency stocks are amplifying that movement.
Whether this trend will continue is another story, but for now, cryptocurrency stocks are reacting more sensitively, so it seems worth keeping an eye on them.

Recently, we can see that the inflow of funds into Bitcoin ETFs is recovering. However, it cannot be said that it has fully returned yet.
Looking at the movement of cryptocurrency ETFs, it’s clear that inflows are increasing, but they haven't reached the momentum seen at the peak. While market participants seem to be more interested in Bitcoin ETFs, full-scale participation by institutional investors may still be ahead.
How much the capital inflow into cryptocurrency ETFs will recover is likely to have a significant impact on the future Bitcoin market. Whether we wait for a complete recovery o