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The Crypto Assets market has recently experienced significant Fluctuation, with the Bitcoin price once falling below the $113,000 mark, attracting the attention of investors. Meanwhile, the total amount of Get Liquidated across the network reached $332 million, with long orders being the main victims, reflecting the intense battle between the long and short positions in the market.
In this market environment, some interesting phenomena have caught people's attention. A wallet address that had been dormant for 12.4 years, holding 306 Bitcoins, was activated, sparking discussions about long-term holding strategies. Meanwhile, the listed company DevvStream announced the launch of a crypto treasury strategy, purchasing Bitcoin and Solana, demonstrating institutional interest in Crypto Assets.
It is worth noting that, according to a report from JPMorgan, Bitcoin miners' profits reached a new high since the halving in July, mainly due to the increase in Bitcoin prices. This news may further stimulate the development of mining.
On the other hand, the political field is also impacting the crypto market. Trump frequently makes statements about the economy and crypto assets, including questioning the authenticity of non-farm employment data and indicating that he will soon initiate a Bitcoin reserve program. However, there is still uncertainty about whether these plans will receive support from Congress.
In terms of enterprises, MicroStrategy's Michael Saylor stated that the company may purchase up to 1.5 million Bitcoins, demonstrating confidence in the long-term value of Bitcoin. At the same time, Coinbase's Bitcoin holdings have surpassed Tesla, placing it among the top ten Bitcoin-holding institutions.
Despite the market fluctuations, the Crypto Fear and Greed Index remains at 57, indicating that market sentiment is still optimistic. However, the greed sentiment has decreased, and investors should remain vigilant and closely follow market trends.