AMA on X

Average #Bitcoin supply per whale (entities holding 100-10k $BTC) has been steadily declining since November 2024, now sitting at ~488 $BTC per whale - levels last seen in December 2018.

In the field of Crypto Assets trading, many participants have long explored yet failed to grasp a key truth: the core of successful trading lies not in mastering technical indicators, but in the ability to accurately understand market sentiment. The price trend chart is actually an intuitive reflection of the fluctuations in market sentiment, with each rise and fall resulting from the flow of funds and the psychological game of investors. The seemingly enticing rapid rise and slow fall often indicate that large funds are reshuffling the market—stimulating investment enthusiasm through a brief surge, then slowly depleting investors' patience with a gradual decline, ultimately eliminating the confidence-lacking retail investors. Moreover, the slow recovery after a significant market decline resembles a gentle trap, aimed at attracting the last batch of investors clinging to their illusions. To accurately interpret the market, the key is not to focus on price fluctuations but to analyze changes in trading volume. Trading volume is like a thermometer for the market; only when the volume is active can it reflect the true market direction. Conversely, a shrinking trading volume during a fluctuating market often indicates that funds are hesitating in place. A price increase without volume is like a castle in the air, seemingly lively but hiding risks; while a volume increase at the bottom should not be blindly optimistic, as it is necessary to observe whether the volume can continue to grow, otherwise it may just be a fleeting moment. Once, I was also a trader who chased after price increases and sold at dips, rushing in when prices rose and buying at the bottom when there was a pullback, which resulted in my funds continuously shrinking. It wasn't until I learned to closely monitor trading volume and market rhythm that I truly grasped the essentials of trading, transforming from a passive buyer to a rational market observer. The essence of trading lies not in flaunting complex indicators or miraculous operational skills, but in mastering the art of self-restraint: staying calm when one should observe, knowing when to stop when making a profit, decisively taking action when faced with clear opportunities, and firmly maintaining a wait-and-see approach in the face of ambiguous market conditions. Being able to act without being influenced by emotions, without being attached to a certain viewpoint, and without acting impulsively is the highest realm of trading. It is worth noting that in the Crypto Assets market, it is difficult to succeed alone. Just as sailing requires a lighthouse for guidance, having a reliable team and community support on the trading path makes it easier to navigate through the market's fog than to explore alone. In this market full of challenges and opportunities, continuous learning, maintaining rationality, and discussing with like-minded people are the keys to navigating market cycles and achieving long-term success.

As the cryptocurrency market matures gradually by 2025, projects in various fields are beginning to show enormous growth potential. Industry analysts are closely monitoring several tokens that may achieve significant appreciation in the future. In the field of artificial intelligence, Bittensor (TAO), as a pioneer of decentralized AI model networks, has already attracted the attention of industry giants, and its market value of 3 billion USD still has room for growth. In the field of cloud computing, Akash Network (AKT) is challenging the position of traditional cloud service giants, and its decentralized nature provides it with unique advantages. Hivemapper (HONEY) is pioneering new horizons in the mapping service sector, attempting to reshape this field through decentralized technology. Layer Brett (LBRETT), as a newcomer in the Ethereum Layer 2 ecosystem, has attracted the attention of many investors with its high staking rewards. However, investors need to carefully assess its long-term sustainability. Traditional popular tokens such as Pepe Coin (PEPE) and Shiba Inu (SHIB), although their popularity has declined, still maintain a certain market influence. Especially SHIB, whose continuously developing ecosystem provides stable support. At the infrastructure level, Chainlink (LINK), as a leader in data oracles, has recently attracted market attention due to the increased holdings by large investors. Meanwhile, the technical indicators for VeChain (VET) also show a potential upward trend. It is worth noting that although these projects show good prospects, the inherent high-risk nature of the cryptocurrency market still exists. Investors should comprehensively consider various factors such as the project's technical foundation, team background, market acceptance, and remain vigilant and invest rationally.

In the global financial landscape, Pakistan is emerging in a remarkable way. The country's recent significant shift in cryptocurrency policy not only marks a major adjustment in its financial strategy but also highlights the immense potential of emerging markets in the digital finance sector. The central bank of Pakistan recently withdrew its previous warning against Crypto Assets and officially announced support for digital currency. This move is seen as a direct response to the limitations of the traditional financial system and reflects the country's innovative thinking in the face of economic challenges. Notably, Pakistan plans to emulate the practices of some developed countries by holding Bitcoin as a strategic asset in the long term, a decision that will undoubtedly have a profound impact on the global Crypto Assets market. Data shows that Pakistan currently has around 40 million crypto assets wallets, a figure that stands in stark contrast to its population of 250 million. Even more striking is the country's median age of just 20 years, which indicates a large youth population that could become early adopters and innovators in the crypto assets space. Blockchain Minister Saqib emphasized that this youthful demographic will be a key factor in driving the rapid adoption of Bitcoin and other crypto assets. Young people in Pakistan are actively utilizing Crypto Assets to cope with the challenges brought by the devaluation of the national currency and the foreign exchange crisis. Bitcoin is seen as a tool for hedging risks, while stablecoins have become a convenient option for cross-border transfers, and these applications are gradually replacing the functions of traditional banking systems in certain areas. However, this rapid transformation also brings a series of challenges. How to build an effective regulatory framework to balance innovation and risk, how to implement international anti-money laundering standards, these issues require the Pakistan government to consider and handle cautiously. Nevertheless, Pakistan seems to be leveraging its 'latecomer advantage', directly skipping the incremental reforms of traditional financial systems, and instead using blockchain technology to reconstruct payment and government affairs systems, which may have a demonstration effect globally. Pakistan's shift actually reflects a broader global trend: many emerging market countries are trying to accelerate the modernization of their financial systems by embracing Crypto Assets technology. For global investors, paying attention to local compliant exchanges and cross-border payment projects in Pakistan may bring new opportunities. Pakistan's shift from strict control to actively embracing Crypto Assets demonstrates its flexibility and innovative spirit in the face of financial challenges. With the dual push of policy support and a young population, Pakistan may become an emerging hotspot for global Crypto Assets development. This trend is worthy of continued attention from the global financial and technology sectors, as it may herald similar transformations in digital finance for more emerging market countries.

Bitcoin investors please note that significant price fluctuations may occur tonight. Some analysts tend to hold an optimistic view on the future of Bitcoin, mainly based on two considerations: First of all, from a fundamental perspective, an important economic report will be released tonight. The Federal Reserve will publish the Beige Book on the economic conditions at 2:00 AM on September 4, 2025. This report may provide new clues for the Federal Reserve's future interest rate cut decisions and potentially signal more easing policies. Secondly, from a technical analysis perspective, Bitcoin has completed a five-wave decline on the daily chart, while showing a clear bottom divergence signal. This often indicates that the downward momentum has exhausted. Additionally, there are signs of increased trading volume in the bottom area, which may suggest that the market is undergoing a bottoming process. Currently, this bottoming range is roughly between 107,000 and 113,500 USD. Although there is still uncertainty in the market direction, these factors combined provide some basis for a potential rebound in Bitcoin prices. Investors should closely monitor the contents of tonight's economic report and its immediate impact on the market, while continuing to observe Bitcoin's performance near key support levels. However, the cryptocurrency market has always been highly volatile, and investors must conduct thorough research and risk assessment before making any decisions. No matter how the market fluctuates, maintaining rationality and caution is always a wise choice.