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South Korea (KOSPI & KOSDAQ): The South Korean stock market experienced its worst decline since 1980. On March 4th, the KOSPI index plummeted over 12%, and the KOSDAQ dropped 14%. The Korea Exchange activated emergency first and second level circuit breakers, temporarily halting all trading.
• Thailand (SET): Similarly, due to extreme fears of soaring oil prices (Thailand is highly dependent on energy imports), the SET index fell by 8%, triggering circuit breaker protections.
• Japan (Nikkei 225): Although not fully circuit-broken all day, the Nikkei index sharply declined from a near 60,000-p

South Korea (KOSPI & KOSDAQ): The South Korean stock market experienced its worst decline since 1980. On March 4th, the KOSPI index plummeted over 12%, and the KOSDAQ dropped 14%. The Korea Exchange activated emergency first and second level circuit breakers, temporarily halting all trading.
• Thailand (SET): Similarly, due to extreme fears of soaring oil prices (Thailand is highly dependent on energy imports), the SET index fell by 8%, triggering circuit breaker protections.
• Japan (Nikkei 225): Although not fully circuit-broken all day, the Nikkei index sharply declined from a near 60,000-p

1. The "Traffic Light" Effect of Data
Tonight's core expectation is an increase of 59,000 people. In the current macroeconomic context, data is not necessarily "better the stronger":
• Data significantly exceeding expectations (e.g., >80,000 people): Indicates an overheated labor market, and the Federal Reserve may continue to delay interest rate cuts. This would be bullish for the US dollar (DXY) and put downward pressure on BTC, potentially triggering a large-scale liquidation of long positions below $70,000 (approximately $229 million).
• Data meeting or below expectations (e.g., <50,000 pe

1. The "Traffic Light" Effect of Data
Tonight's core expectation is an increase of 59,000 people. In the current macroeconomic context, data is not necessarily "better the stronger":
• Data significantly exceeding expectations (e.g., >80,000 people): Indicates an overheated labor market, and the Federal Reserve may continue to delay interest rate cuts. This would be bullish for the US dollar (DXY) and put downward pressure on BTC, potentially triggering a large-scale liquidation of long positions below $70,000 (approximately $229 million).
• Data meeting or below expectations (e.g., <50,000 pe

1. The "Traffic Light" Effect of Data
Tonight's core expectation is an increase of 59,000 people. In the current macroeconomic context, data is not necessarily "better the stronger":
• Data significantly exceeding expectations (e.g., >80,000 people): Indicates an overheated labor market, and the Federal Reserve may continue to delay interest rate cuts. This would be bullish for the US dollar (DXY) and put downward pressure on BTC, potentially triggering a large-scale liquidation of long positions below $70,000 (approximately $229 million).
• Data meeting or below expectations (e.g., <50,000 pe

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.
My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" i

Gate First

Gate First

Jane Street being sued is an "unexpected positive" for the market, breaking the previously rigid selling model. BTC has the foundation to return to $70,000, but currently overall liquidity is relatively weak, which is more like a "slow bull recovery" rather than a "violent surge."#BTC能否重返7万美元？

#Celebrating the New Year at Gate Square
The third day of the Lunar New Year, filled with New Year’s goods!
The happiest thing every year is preparing for the New Year. This year, in addition to traditional snack gift packs, I also used Gate’s profits to add smart home devices to my home. While chatting with everyone about market trends at the square, I’m feeling this steady happiness.