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BTC breaks $120,000! BNB reaches a new high, institutions are buying ETH wildly, Lao Liek teaches you how to follow the car and eat meat

Bitcoin broke through 120,000 US dollars, BNB hit a record high, and giant whales on the chain crazily increased their positions in ETH! Laojiao will give you a quick overview of the market, share a safe trading platform and permanent fee discounts to help you make steady profits in the bull market.

BTC breaks $120,000! BNB reaches a new high, institutions are buying ETH wildly, Lao Liek teaches you how to follow the car and eat meat

Crypto market news: BTC breaks 120,000, BNB hits new highs, institutions buy ETH in large quantities

Brothers, the market today is simply explosive! Bitcoin (BTC) has reached more than 120,000 US dollars in one breath, and BNB has soared to a record high. On-chain data also shows that whales and institutions are frantically buying Ethereum (ETH). As an old leek who has been in the currency circle for many years, I am here to take you through today's hot spots quickly, and by the way, let's talk about how we should play in this crazy market so as not to suffer losses.

1. Quick overview of mainstream currency prices

1. BTC breaks through strongly

  • BTC broke through 119,000 USDT, up 1.19% in 24 hours.
  • BTC broke through 120,000 USDT, and the 24-hour increase expanded to 2.32%.

Bitcoin’s surge has been so strong that it has once again firmly established itself as the leader of “digital gold”. For those of you who haven’t gotten on the bus yet, you should be careful when chasing heights now, so as not to get stuck on the top of the mountain. In the long run, it is a safe way to make some fixed investments in regular large exchanges.

2. BNB hits record high

  • BNB exceeded $800, rising 4% in 24 hours, directly refreshing the historical record!

As the core of Binance’s ecosystem, BNB’s popularity is inseparable from the exchange’s prosperity and ecological development. If you are optimistic about the future of Binance, hold BNB and participate in activities such as Launchpad, you may be able to earn some extra income.

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3. SOL short-term correction

  • SOL fell below 200 USDT, falling 3.35% in 24 hours.

It is normal for SOL to have a small correction after its sharp rise. The Solana ecosystem is now alive and kicking, with various meme coins and DeFi projects emerging one after another, with great fluctuations. It is suitable for those who like excitement and have a high risk tolerance.

1. U.S. Crypto ETFs Go One Step Further

  • The U.S. SEC approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF. This foundation holds the top ten crypto assets such as BTC, ETH, SOL, and ADA. Traditional investors who want to play with coins will be more convenient and diversified in the future.
  • 21Shares filed an S-1 filing with the SEC for the ONDO ETF. After Bitcoin and Ethereum ETFs, more altcoins are also considering using ETFs to squeeze into the mainstream financial market.

Old Leek Comments: The approval of ETFs one after another shows that crypto assets are slowly being accepted by traditional finance, which will be a great benefit to the entire industry in the long run.

2. South Korea’s regulations are tightening

  • South Korea's financial regulator requires domestic ETFs to limit their holdings in shares of crypto companies such as Coinbase. It seems that different places have different attitudes towards the integration of crypto assets into traditional finance, some are tight and some are loose.

3. Other important news

  • Dan Tapiero has established a $500 million crypto fund "50T Fund", which specializes in investing in late-stage projects of blockchain infrastructure. Institutional capital is very optimistic about the future of the industry's bottom layer.
  • Trump announced a large-scale trade agreement with Japan, involving an investment of US$550 billion. Whenever there is a disturbance in the macroeconomy, market risk appetite may change, so you need to keep an eye on it.
  • Prediction market platform Polymarket is rumored to be considering issuing its own stablecoin.

Today's on-chain data is simply a TV series about "big funds rushing to buy ETH", which makes people excited to watch.

  1. Continuous flow into exchanges: 50,000 ETH (approximately US$186 million) ran from HTX to Binance, with a cumulative inflow of more than 320,000 ETH (approximately US$1.123 billion) in the past month. This clearly shows that they are stocking up and preparing to cause trouble.
  2. Institutions and whale buying:
  • Bitmine announced that it would use all the net proceeds of 177 million U.S. dollars from selling stocks to buy ETH** and then deposit it into the vault.
  • WLFI associated address bought more than 5,600 ETH (about 19.46 million US dollars) in the last 6 days.
  • A new address sold more than 43,000 ETH (approximately US$163 million) through over-the-counter (OTC) transactions in 4 days.
  1. Early players took profits: An old player from the Ethereum ICO period transferred 800 ETH to Kraken. The return on investment has soared to 4803%, which is really a huge profit.

Old Leek Interpretation: When institutions and large investors buy in such a concentrated manner, they are usually extremely optimistic about the future value of the asset. ETH is now supported by ETF expectations and ecological applications, and the next wave of market trends may be on the way.

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4. Other market hot spots

  1. Token changes:
  • Arca Institution transferred 2.183 million PENDLEs to Kraken, and earned approximately US$2.13 million after holding it for one month.
  • A whale liquidated 6,252 MKR, making a profit of US$5.29 million, but still held UNI worth more than US$26 million.
  • Trend Research withdrew 200,000 ENS (approximately $5.5 million) from Binance.
  1. Meme and Ecology:
  • Letsbonk.fun, a Meme platform in the Solana ecosystem, launched early registration for mobile applications and recently surpassed pump.fun in market share.

5. Suggestions for ordinary players

  1. Choose the right battlefield, safety first: The hotter the market, the more pheasant exchanges and fraudulent projects there will be. Don’t be greedy for small gains and suffer big losses. Be sure to choose the world's top licensed exchanges like Binance, OKX, and Bybit. Fund security is more important than anything else!
  2. Make good use of discounts and reduce costs: If you trade frequently, the handling fee is not a small amount. By registering for major exchanges through CoinRebate links, you can get permanent commission rebates or discounts, which is equivalent to increasing your profit margin in disguise.
  1. Look rationally, don’t FOMO: There are also corrections in the bull market, just like SOL. Don't blindly chase prices as soon as you see a rise. Do your own research and invest in some mainstream coins. It may be more suitable for most of us.
  2. Pay attention to the chain, but don’t be superstitious: The movements of giant whales are a good reference, but they are not the operating bible. It is more important to understand why they do what they do, such as the logic behind institutional allocation and ETF expectations.

The market is always fluctuating, and opportunities and risks are like twins. Keep learning, stay cautious, and operate on a safe platform, and you can go further in this bull market. I wish everyone can eat meat and double their accounts!

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