OldLeekConfession

Solana's ETF saw over $11 million in inflows, surpassing Bitcoin and Ethereum combined. Analyzing patterns suggests potential price rises, although clarity in breakouts and volume is crucial for momentum and trading decisions.

Based on Rishabh Gupta's experience, here are some core insights into Web3 entrepreneurship.
The Trap of Complex Technologies and Practical Products
The author's experience spending years on infrastructure projects that ultimately failed highlights common pitfalls faced by many Web3 entrepreneurs.
During meetings with VCs, they believed that convincingly explaining cutting-edge technologies like "zkML (Zero-Knowledge Machine Learning)" and "zk voting" would directly lead to business success. However, in reality, most of these advanced technical concepts have seen little market application even several years after implementation.
Overcoming the false equation that complexity equals reliability is the first step in Web3 entrepreneurship.

Ethereum co-founder Vitalik Buterin highlights vulnerabilities in the power structures of many cryptocurrency projects, stressing the need for a balance between business sustainability and power decentralization. He identifies two paths to decentralization: natural emergence in certain systems and intentional design in projects requiring clear structural reforms. Buterin emphasizes the challenge of maintaining decision-making efficiency while minimizing systemic risk, urging project teams to prioritize revisiting power structures alongside business models.

The essay discusses the structure and implications of centralized exchanges (CEX) and decentralized exchanges (DEX) in cryptocurrency trading. CEX offers efficiency but poses privacy and counterparty risks, while DEX allows users to maintain control over their assets directly through smart contracts, enhancing privacy and security. The choice between them reflects deeper asset management philosophies.

Bitcoin is currently exhibiting price movement around $92,000, forming a descending wedge. Analysts highlight a resistance zone between $91,000 and $92,000, while support is strong at $74,620. Despite the volatile market sentiment around year-end, objective technical indicators suggest a stable outlook for Bitcoin.

Robert Kiyosaki warns that the recent surge in silver prices may signal a severe financial crisis rather than mere market speculation. He predicts prices could exceed $200 by 2026, citing increasing government spending as a threat to traditional currencies, advocating for investments in physical and decentralized assets like gold, silver, and Bitcoin.

As the cryptocurrency market enters a winter phase, today saw the simultaneous expiration of one of the largest options positions worth approximately $28 billion.
This massive expiration symbolizes the adjustment phase of Bitcoin and Ethereum throughout the fourth quarter. Bitcoin has stabilized around $90,000 and is currently trading at $92.56, while Ethereum has settled from the $3,000 mark to $3.15.
Expired Options: Scale and Structure
The breakdown of the positions that expired this time is as follows:
In the Bitcoin sector, 267,000 options (valued at $23.6 billion) expired. The put-call ratio is extremely low at 0.35.

The 2025 Bitcoin market shows significant changes driven by ETF adoption, stabilizing prices and reducing volatility. Diverging market predictions exist for 2026-2027, with optimism for $150,000 and caution over potential corrections. The emergence of diverse cryptocurrencies, including meme coins, suggests a shift towards a more stable and multifaceted market structure.

The recent increase in the U.S. unemployment rate to 4.6%, surpassing market expectations, indicates a potential cooling labor market. This trend raises concerns among investors and may influence future monetary policy decisions.

Bluefield Asset Management's stock remains below $55 despite strong performance growth. With a 3.3% dividend yield, there appear to be overlooked growth opportunities, underpinned by solid earnings increases and strategic fund formations.

Major cryptocurrency asset fund Grayscale has transferred approximately $65 million worth of assets to Coinbase Prime. This suggests institutional investors' liquidity management strategies and also contributes to increased market transparency.

The Bitcoin market faces risks from concentrated holdings by large investors like MicroStrategy, which owns over 3.2% of Bitcoin. Potential massive sell-offs could lead to significant price drops and systemic instability, affecting the entire crypto ecosystem.

Global sovereign investment is accelerating, with total assets reaching a record $15 trillion. Middle Eastern wealth funds, particularly in AI and digitalization, are leading this growth, committing substantial investments to strategically shift economic structures.

Metaplanet, holding significant Bitcoin assets, is gaining financial advantages amid Japan's currency crisis, stemming from the yen's structural vulnerabilities. Their debt repayment in yen is less burdensome, contrasting sharply with competitors facing stronger dollar debts, potentially strengthening their long-term financial position even in a declining market.

As the creator of Bitcoin, Satoshi Nakamoto currently holds approximately 968,000 BTC, accounting for 4.6% of the total supply, remaining the largest single holder. Next is the Strategy Fund, which holds 672,000 BTC, and the U.S. government holds 328,000 BTC. Satoshi Nakamoto's holdings are significant for the long-term stability of Bitcoin's price, demonstrating Bitcoin's scarcity.

BCH has shown significant price movements, currently trading at $624.10 after a 15% increase, ranking 11th in market cap. Technical analysis indicates a bullish trend, with targets of $650 and $720, while a support level is established at $550.

The current cryptocurrency market is experiencing a significant correction, with a market capitalization dropping to approximately $2.93 trillion, hitting an eight-month low. The trend of Bitcoin's price has become a market indicator, and analysts predict that altcoins will continue to be under pressure. In a market characterized by extreme fear, there may be hidden reversal opportunities. Investors should remain rational, reassess risk allocation, and adapt to market cycle changes.

Grayscale Investments has applied to convert Bittensor Trust into a spot ETF, symbolizing the integration of decentralized AI technology with traditional finance. If approved, it will simplify the investment process, attract more traditional capital inflows, change the cryptocurrency investment ecosystem, and promote the emergence of new types of ETFs. This application also challenges the regulatory framework and advances the institutionalization of cryptocurrencies.

In 2025, the story of cryptocurrency is no longer a simple narrative of price fluctuations but a comprehensive restructuring involving national policies, financial regulation, technological upgrades, and crime fighting. After Bitcoin hit a historic high of $126,000 in October, the market did not continue its upward trend as expected but instead adjusted to around $90,910 by the end of the year. Behind this "stagnation" lies deeper changes: cryptocurrencies are evolving from speculative fringe assets into an indispensable infrastructure layer within the global financial system.
This shift is not driven by technological breakthroughs or retail frenzy but by the collective entry of national-level players, traditional banks, regulators, and large-scale criminal organizations.
National Reserve Policy: From "Prohibited Goods" to "Strategic Assets"
On March 6, the U.S. President signed an executive order to establish a strategic Bitcoin reserve—an act that, while seemingly bureaucratic, redefined the relationship between the state and cryptocurrency.