永恒牛市-牛市开空

The countdown for ARM's perpetual contract is still on, but its chips are already embedded in your phone. From AI data centers to edge inference, it has won twice effortlessly. Some say that OpenAI's growth falling short of expectations will drag it down, but I tell you, ARM's moat is not in large models, but in architecture licensing. ARMUSDT is not yet open for trading, with the countdown showing just over 1 day left. Price and trading volume data are currently zero. However, the fundamentals of ARM Holdings and its significance in the AI sector are worth breaking down in advance. ARM Holdings, the invisible champion of global chip architecture design. Your phone, tablet, and smart watch are almost all running on ARM architecture. In the AI era, its weapons are two: 1. Neoverse platform - computing units specifically designed for AI data centers, low power consumption, high efficiency, and are eating into x86's market share. 2. Integration with Nvidia's NVLink technology - ARM's CPU + Nvidia's GPU, forming the golden combination for AI computing power. Latest financial report: revenue of $1.14 billion, exceeding expectations. Data center and networking business are expanding. The market's demand for efficient and scalable AI solutions is only increasing. That news about OpenAI - failing to meet user and revenue targets, leading to a collective drop in AI chip stocks. ARM was also dragged down. But think carefully: the slowdown in OpenAI's growth primarily affects cloud vendors and GPU suppliers selling computing power services. ARM's revenue comes from chip design licensing, from all chip manufacturers using ARM architecture, not from a single customer's training budget. Its bottom line is more diversified and more resistant to single risks. In the early stages of the contract launch, liquidity may be low, and prices can be easily influenced by sentiment. But ARM, as a foundational player in AI infrastructure, is suitable for long-term attention. Forward-looking judgments: 1. On the first day of launch, pay attention to trading volume and bid-ask spreads. If liquidity is extremely poor, it is not advisable to participate heavily. 2. The price of ARM's underlying stock is strongly correlated with market expectations for AI chip demand. Pay attention to capital expenditure guidance from major companies like Microsoft, Google, and Amazon. 3. Technical analysis will need at least a week of contract operation to form an effective reference. Short-term support and resistance levels need to be recalibrated with real data. 4. Personal operation plan: observe first after launch, do not rush to enter. If it can stabilize in a reasonable valuation range, I will consider establishing an observation position. Stop-loss reference should be based on the corresponding token price of the key support level of the underlying stock. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Especially for newly launched contracts, insufficient liquidity may lead to severe price deviations. Readers should independently assess their risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. # LayerZero承诺超1万枚ETH支持Aave $BTC

Broadcom's AVGO perpetual contract is still counting down, and the market can't wait any longer. A core player in AI infrastructure, a partner of Google TPU, and a key supplier of data center hardware. Some are asking if it will go crazy like NVDA. I tell you, Broadcom's logic is different, but the ceiling is equally high. AVGOUSDT is currently not open for trading, with the countdown showing just over 1 day left. Price and trading volume data are temporarily zero. But Broadcom's fundamentals are already enough to attract early investor attention. $AVGO, Broadcom Inc. Focusing on AI infrastructure, networking chips, and custom accelerators. Deeply collaborating with Google on TPU. In every wave of upgrades for data center AI hardware, it is one of the core beneficiaries. From community dynamics, some are discussing the opportunity to "buy the dip." $AMD dropped from 350 to 320, and some feel the dip is deep enough. But for Broadcom, the market's focus is on: how long can the demand for AI hardware continue? Broadcom's key catalysts are not in short-term stock price fluctuations, but in: 1. Whether the shipment volume of Google TPU continues to grow. 2. The penetration rate of custom chips (ASIC) in AI inference. 3. The data center upgrade cycle for networking chips (switches, optical module support). These are not stories that can be told in a single quarter. Rather, they are structural trends that will span the next 2-3 years. After the contract goes live, initial liquidity may be low, and prices may fluctuate easily. But as a semiconductor giant, Broadcom's fundamentals are much more solid than most MEME coins. It is suitable as a long-term observation target, rather than a short-term trading tool. Forward-looking judgments: 1. On the first day of launch, pay attention to trading volume and bid-ask spreads. If liquidity is extremely poor, it is not advisable to participate heavily. 2. Broadcom's valuation is strongly correlated with AI infrastructure spending. Pay attention to capital expenditure guidance from major companies like Google and Microsoft. 3. The technical aspect needs to wait at least a week after the contract runs to form an effective reference. Short-term moving averages and support/resistance levels need to be recalibrated with real data. 4. Personal operation plan: observe first after launch, do not rush to enter. If it can stabilize in a reasonable valuation range (referencing the price of the underlying US stock), I will consider establishing an observation position. Stop-loss reference should be based on the key support level of the underlying stock corresponding to the token price. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Especially for newly launched contracts, insufficient liquidity may lead to severe price deviations. Readers should independently assess their risk tolerance and set strict stop-losses. $BTC The author is not responsible for any losses incurred due to reliance on the content of this article. #美伊走向长期封锁：外交窗口关闭

There are reports of "unexpected" developments from Iran, with news of the negotiation representatives leaving the table causing a sell-off. Bitcoin plummeted from 77,800 to 76,800, then recovered within two hours. The same news caused a 6% drop the first time, 3% the second time, and today it only dropped 1%—the market has begun to become "desensitized". Bitcoin closed today at 76,332, up 0.4 points. The intraday low was 75,624, and the high was 77,444. A small bullish candle with a lower shadow, closing above the MA20. Exchange inventory has dropped to 2.7 million coins, a new low since 2026. ETFs have seen net inflows for nine consecutive days, totaling over $800 million last week. On-chain data shows that large holders are still accumulating, while retail investors are on the sidelines. The marginal effect of geopolitical news is approaching zero, while institutions are quietly accumulating. WTI crude oil has risen above $110, and gold has surpassed $2,400. Bitcoin has risen from 69,000 to 76,000, outperforming gold by nearly 10 percentage points. The narrative of "digital gold" is being repriced. The noise from the situation in Iran continues, but the intensity of the sell-offs is weakening each time. The first negotiation breakdown caused a 6% drop in Bitcoin. The second tightening of control in Hormuz led to a 3% drop. Today, the news of representatives leaving the table only caused a 1.3% drop. This is called "resistance to drugs"; the market is no longer panicking. The internal gun violence incidents in the U.S. and Canada's ban on crypto donations have not triggered large-scale sell-offs. Political violence events are instead being treated as "safe-haven catalysts". This indicates that the underlying logic of Bitcoin is changing—from a risk asset to a hedging tool against risk. Overall, the bad news on the macro front is becoming dulled. Bad news doesn't lead to drops, while good news accelerates. At this position, I will hold my base position and wait for direction. I won't exit unless it breaks below 75,600. Now back to the LLY chart. As long as it doesn't drop below 866, it remains in a bullish trend. The leading weight-loss drug only retraced 1.5% despite the Nasdaq's sharp decline. Some are asking if it's reached its peak? I tell you, the fundamentals of Eli Lilly have not yet been fully discussed. LLY closed today at 875.1, up 0.1 points. The intraday high was 881.7, and the low was 866.2. It formed a small doji, with balanced upper and lower shadows. The close is right in the middle of MA5, MA10, and MA20. The Nasdaq fell 3.2% last night, and Eli Lilly's stock also adjusted. But this token only retraced from 881 to 866, supported by buying pressure. This shows that there are people in the crypto market who are optimistic about it and willing to buy at lower levels. The trading volume was only 144 tokens, amounting to $126,000, which is low volume. Liquidity is not high, but the price hasn't dropped, indicating holders are reluctant to sell. The technical moving average system is completely converged around 875. Short-term, it needs to see increased volume to choose a direction. The demand for Eli Lilly's weight-loss drugs Mounjaro and Zepbound is still growing. Q1 earnings report has not yet been released, and the market is waiting for data. If the performance exceeds expectations, the stock rebound will drive the token. If it falls short of expectations, the downside potential is limited—stock prices have already retraced 15% from their highs. My judgment: In the short term, it is likely to oscillate between 865-890. If it can stabilize above 880, there is a chance to test 895. If it breaks below 865, then we need to observe the support at 850. Technical points: 1. Price 875.1. Perpetual basis returns to zero. Contracts have no premium, long and short are balanced. 2. Moving averages MA5 875.9, MA10 875.4, MA20 875.5. Three lines are converged, price is embedded in the middle. Direction is unclear, waiting for a breakout. 3. Today's low was 866.2. Higher than last week's low of 860. The lows have been rising for four consecutive weeks, indicating a solid bottom structure. 4. Trading volume of 144 LLY. Amounting to $126,000, which is low volume. Decreased volume indicates seller exhaustion, but buying pressure is also not aggressive. 5. Short-term support reference at 870. Strong support at 865. Resistance at 880. Only if it stands back above 880 is there a chance to test 890. 6. Personal trading record: I have a base position near 875. No additional positions for now. If it stabilizes around 870, I will consider a small increase in position. Stop-loss reference below 860. Target expectation 885. (For thought sharing only, not investment advice) Risk warning: This article is only a personal opinion sharing. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Readers should independently assess their own risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. # LayerZero承诺超1万枚ETH支持Aave $ETH

There are reports of "unexpected" developments from Iran, with news of the negotiation representatives leaving the table causing a sell-off. Bitcoin plummeted from 77,800 to 76,800, then recovered within two hours. The same news caused a 6% drop the first time, a 3% drop the second time, and today it only dropped 1%—the market has begun to become "desensitized". Bitcoin closed today at 76,332, up 0.4 points. The intraday low was 75,624, and the high was 77,444. A small bullish candle with a lower shadow, closing above the MA20. Exchange inventories have dropped to 2.7 million coins, a new low since 2026. ETFs have seen net inflows for nine consecutive days, totaling over $800 million last week. On-chain data shows that large holders are still accumulating, while retail investors are on the sidelines. The marginal effect of geopolitical news is approaching zero, yet institutions are quietly accumulating. WTI crude oil has risen above $110, and gold has surpassed $2,400. Bitcoin has risen from 69,000 to 76,000, outperforming gold by nearly 10 percentage points. The narrative of "digital gold" is being repriced. The noise from the situation in Iran continues, but the force of the sell-offs is weakening each time. The first negotiation breakdown caused a 6% drop in Bitcoin. The second tightening of control in Hormuz led to a 3% drop. Today, the news of representatives leaving the table only caused a 1.3% drop. This is called "resistance to drugs"; the market is no longer panicking. The internal gun violence incidents in the U.S. and Canada's ban on crypto donations have not triggered large-scale sell-offs. Political violence events are instead being treated as "safe-haven catalysts". This indicates that the underlying logic of Bitcoin is changing—from a risk asset to a hedging tool against risk. Overall, the bad news on the macro front is becoming dulled. Bad news doesn't lead to drops, while good news accelerates. At this position, I will hold my base position and wait for direction. I won't exit unless it breaks below 75,600. Now back to the COST chart. Costco's stock price token has reached $995, only 1.5% lower than its historical high. While U.S. stocks are falling, it remains steady here. Some are asking if retail stocks are doomed? I tell you, the moat of membership-based warehousing is wider than you think. COST closed today at 995.9, almost unchanged. The intraday high was 1,012.8, and the low was 988.6. It formed a small spinning top, with balanced upper and lower shadows. It closed steadily above the MA5, MA10, and MA20. The logic of retail stocks is simple: when the economy is good, consumers spend money; when the economy is bad, Costco relies on low prices and high membership renewal rates to hold up. Last night, the Nasdaq fell 3.2%, but COST only dipped to 988 before being bought up. This shows that funds are treating it as a defensive asset. The trading volume was only 150 shares, about 150,000 USD, a low volume. This liquidity means no one is selling; all holders are strong hands. The technical indicators show moving averages converging upwards, waiting for a breakout on increased volume. Short-term support is around 990, with stronger support at 985. Resistance is at 1,005, and it needs to reclaim above 1,000 to test 1,012. Personal trading record: I have a base position near 996. I will not add to my position for now. If it stabilizes around 990, I will consider a small increase in my position. Stop-loss reference is below 980. Target expectation is 1,005. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Readers should independently assess their risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. #鲍威尔4·29议息：任期收官之战 $BTC

The rare earth concept token USAR rose 2% on its second day of trading. OKX personally endorsed it, launching 5 stock contracts at once, and it is one of them. Some people ask if this "American rare earth" concept has potential? I tell you, the scarcity due to geopolitical factors is its trump card. USAR closed today at 23.08, up 2.1 points. The intraday high was 23.75, and the low was 21.80. It formed a small bullish candlestick, with a small body and a longer lower shadow than the upper shadow. It closed above the MA5, MA10, and MA20. The 7-day and 30-day data hasn't come out yet, as it just launched. It has risen 5.8% from the bottom of 21.80. It's only at 23.08. I personally believe it is a slow climb in the early stages of listing, not a short-term explosive trend. Today's low was 21.80. It just hit the top of the launch platform on April 20. When it dipped, it was pushed back by buying pressure. This indicates that there is capital willing to step in at that level. The trading volume was 9,451 USAR, totaling 218,000 U. This is a low volume. Liquidity is still not high, but the price can hold steady, indicating that sellers are not in a hurry. That news is the key—"OKX will launch USAR, COST, LLY, HIMS, and BMNR stock perpetual contracts." OKX is launching stock tokens in bulk, and USAR is in the first batch. This means the exchange has a resource tilt towards this variety, not just casually listing a random token. The fundamentals of USAR: an American rare earth company involved in mining, processing, and magnet production. Under the geopolitical backdrop, the autonomy of the rare earth supply chain is a long-term narrative. The short-term speculation is driven by the "Made in America" sentiment, while the long-term view focuses on actual mining progress. The moving average system is in a bullish arrangement. MA5 is at 23.07, MA10 at 23.00, and MA20 at 22.95. The price is above all three lines, indicating a short-term bullish bias. My judgment: In the short term, it is likely to oscillate between 22.5 and 23.8. If it can stabilize above 23.00, there is a chance to test 23.80. If it dips to 22.50 and does not break, it is a healthy consolidation. Technical points: 1. Price is at 23.08. The perpetual basis has returned to zero. The contract has no premium, bulls are dominant but cautious. 2. Moving averages MA5, MA10, MA20 are in a bullish arrangement. The price is above all three lines, indicating a short-term bullish bias. 3. Today's low was 21.80. This is higher than the previous day's low of 21.50. The low point is rising, and the bottom structure is being repaired. 4. Trading volume was 9,451 USAR. Totaling 218,000 U, this is a low volume. A price increase without volume indicates seller exhaustion, but buying pressure is also not aggressive. To continue rising, volume needs to increase. 5. Short-term support is at 22.80. Strong support is at 22.50. Resistance is at 23.50. If it can increase volume and stabilize above 23.50, there is a chance to test 24.00. 6. Personal trading record: I have an observation position near 23.08. I will not add to my position for now. If it stabilizes near 22.80, I will consider a small test order. Stop-loss reference is below 22.20. Target expectation is 23.50. (For thought sharing only, not investment advice) The rare earth narrative of USAR has scarcity, but the actual delivery capability of the project team still needs verification. For this trend, I will hold my base position and observe, not selling unless it breaks below 22.50. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Readers should independently assess their risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. # LayerZero承诺超1万枚ETH支持Aave $BTC

The exchange just announced the launch of its perpetual contract, and the price quietly rose to 21.69. In three days, it increased by nearly 10 points, with a trading volume of less than 23,000 coins. Some asked if this kind of price increase without volume is a trap for buyers? I tell you, this is called "locking in and pushing up the price," with the chips all in the hands of strong holders. BMNR closed today at 21.69, up 3.1 points. The intraday high was 21.79, and the low was 20.57. It formed a small bullish candlestick, with a small body and a longer lower shadow than the upper shadow. It closed above the MA5, MA10, and MA20. For the new coin, the 7-day and 30-day data has not yet been released. But from the trend, the bottom has slowly risen from 20.00 to 21.69. The increase is about 8.5%. I personally believe it is in the slow accumulation phase typical of the early listing stage, not a short-term explosive market. Today’s low was 20.57. It just hit the top of the launch platform on April 20. When it dipped, it was pushed back by buying pressure. This indicates that there is capital willing to step in at that level. The trading volume was 22,400 BMNR, totaling 486,000 U. This is a low volume. The price is rising, but the volume hasn’t increased, indicating that the chips are locked up. Holders are reluctant to sell, and there is a scarcity of sell orders. That news—"SuperEx will launch the BMNRUSDT perpetual contract." When an exchange actively lists a new product, it often means that the project has certain market resources. It’s not a low-quality project; at least someone is pushing it. The moving average system is in a bullish arrangement. MA5 is at 21.60, MA10 at 21.57, and MA20 at 21.50. The price is above all three lines, and MA5 has crossed above MA10 and MA20. The short-term trend is bullish. My judgment: In the short term, it is highly likely to continue oscillating upward, but liquidity is poor, and large orders can easily slip. If it can stabilize above 21.60, there is a chance to test around 22.00. If it dips to 21.00 and does not break, it is a healthy consolidation. Technical points: 1. Price is 21.69. The perpetual basis has returned to zero. The contract has no premium; bulls are dominant but cautious. 2. The moving averages MA5, MA10, and MA20 are in a bullish arrangement. The price is above all three lines, indicating a short-term bullish trend. 3. Today’s low was 20.57. This is higher than last week’s low of 19.8. The lows have been rising for three consecutive weeks, indicating that the bottom structure is repairing. 4. Trading volume was 22,400 BMNR. Totaling 486,000 U, this is a low volume. The price increase without volume indicates that the sellers are exhausted, but the buying pressure is also not active. To continue rising, volume needs to increase. 5. Short-term support is around 21.20. Strong support is at 21.00. Resistance is at 21.80. If it can increase volume and stabilize above 21.80, there is a chance to test 22.20. 6. Personal trading record: I have an observation position near 21.69. I will not add to my position for now. If it stabilizes around 21.20, I will consider a small test order. Stop-loss reference is below 20.80. Target expectation is 22.00. (For thought sharing only, not investment advice) The funding traces on the BMNR market are obvious, but insufficient liquidity is a hard injury. In this trend, I will hold my base position and observe; I will not exit unless it breaks below 21.00. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Readers should independently assess their risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. #鲍威尔4·29议息：任期收官之战 $BTC

From 0.051 to 0.059, then back down to 0.057, a day trip for the retail investors. A 6-point bullish candle, with the upper shadow longer than the body. Someone asked: Can we still chase? I tell you, the violent washout of new coins has just begun. UB closed today at 0.05718, up 6 points. The intraday high was 0.05977, and the low was 0.05190. A bullish candle with a long upper shadow, but a small body. It closed above the MA5, MA10, and MA20. For the new coin, today should be the second trading day after its launch. The 30-day and 7-day data have not come out yet. But it has risen 14% from the bottom of 0.05. This is just 0.057. I personally believe this is normal turnover after the new coin's listing, not the end. Today’s low was 0.05190. It just hit the top of the launch platform on April 20. When it dipped, it was caught by buying pressure. This indicates that there is capital willing to support that position. The trading volume was 455 million UB, with a value of 26.05 million U. A huge amount. The surge in the morning released a massive volume, while the afternoon pullback saw a decrease in volume. This indicates that retail investors who chased high are selling, while the main force is not offloading in large quantities. The moving average system is in a bullish arrangement. MA5 0.05678, MA10 0.05682, MA20 0.05676. The price is above all three moving averages. The short-term trend is bullish, but the upper shadow is too long and needs to be digested. My judgment: In the short term, it is highly likely to oscillate between 0.054 and 0.058. If it can stabilize above 0.056, there is a chance to test 0.059 again. If it breaks below 0.054, we need to observe the support at 0.052. Technical points: 1. Price 0.05718. Perpetual basis returns to zero. No premium on contracts, bulls are dominant but cautious. 2. Moving averages MA5, MA10, MA20 are in a bullish arrangement. The price is above the three lines but far from MA5, with a large deviation. In the short term, it may consolidate sideways waiting for the moving averages to catch up. 3. Today’s low was 0.05190. It is higher than the previous day's low of 0.049. The low has risen, but the upper shadow shows significant selling pressure. 4. Trading volume was 455 million UB. Worth 26.05 million U, a huge amount. The massive surge followed by a pullback indicates increasing divergence between bulls and bears. Next, it needs to stabilize with reduced volume for a second wave. 5. Short-term support reference at 0.055. Strong support at 0.053. Resistance at 0.058. If it can stabilize above 0.058 with volume, there is a chance to test 0.06. 6. Personal operation record: I have a small position near 0.057. Not adding to the position for now. If it stabilizes around 0.055 on a pullback, I will consider a small increase in position. Stop-loss reference below 0.053. Target expectation 0.058. (For sharing ideas only, not investment advice) Such large fluctuations on the second day of the new coin's launch indicate high washout efficiency. For this kind of trend, I will hold my base position and observe. I won't exit unless it breaks below 0.053. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of going to zero. Readers should independently assess their risk tolerance and set strict stop-losses. The author is not responsible for any losses incurred due to reliance on the content of this article. #鲍威尔4·29议息：任期收官之战 $ETH

-13%, dropping directly from 1.22 to 0.79, then bouncing back to 0.92. Presale participants lost 30% right off the bat, some criticized the project team, while others cut their losses. I stared at this needle for a long time—this kind of panic selling often flushes out the last batch of indecisive investors. PROS closed today at 0.9197, down 13 points. The intraday high was 1.2257, and the low was 0.7919. A long lower shadow bearish candle, with a sizable body and a long lower shadow. It closed below the MA5, MA10, and MA20, but the deviation isn't too outrageous. Today marks the first full trading day since the token's launch. That news said "presale participants are facing a 30% unrealized loss." In the morning, selling pressure was heavily released, dropping to a low of 0.79. Then it was forcefully pulled back to 0.92 by buying pressure. Who is buying? Retail investors don't have that kind of courage. Trading volume was 34.55 million PROS, with a value of 31.78 million U. A massive volume. The early morning drop released a huge amount of panic selling, clearing it all at once. In the afternoon, the volume shrank and stabilized, indicating that selling pressure has weakened. On the first day of a new coin's launch, large fluctuations are normal. From 1.22 to 0.79, a drop of 35%, then closing at 0.92. This kind of movement doesn't seem like the main force is offloading, but more like clearing leverage + washing presale chips. My judgment: In the short term, it's highly likely to oscillate between 0.85 and 1.00. If it can hold above 0.85, there’s a chance to recover to around 1.05. New coins have uncertainty, but the odds often appear during panic. Technical points: 1. Price at 0.9197. Perpetual basis returns to zero. Contracts have no premium, long and short are temporarily balanced. 2. Moving averages MA5 at 0.9273, MA10 at 0.9175, MA20 at 0.9230. Price has dropped below all three lines, but the deviation is less than 3%. This is a normal deviation repair after the new coin's listing. 3. Today's low was 0.7919. This position is the platform top since April 20. It was quickly bought back after probing down, showing strong support. 4. Trading volume of 34.55 million PROS. Value of 31.78 million U, massive volume. Massive volume released panic selling; if it can stabilize with reduced volume afterward, that would be a good sign. 5. Short-term support reference at 0.88. Strong support at 0.85. Resistance at 0.95. If it can stay above 0.95, there’s a chance to test 1.00. 6. Personal trading record: observing a small position near 0.92. Not adding to the position for now. If it stabilizes near 0.88, I will consider a small test order. Stop loss reference below 0.83. Target expectation at 0.98. (For thought sharing only, not investment advice) Panic selling on the first day of a new coin's launch is often not a bad thing. Early exits lead to a cleaner remaining supply. I will hold my base position and observe. I won't exit unless it breaks below 0.85. Risk warning: This article is only a personal opinion share. It does not constitute any investment advice, trading signals, or operational instructions. The digital asset market is highly volatile and carries a risk of total loss. Readers should independently assess their risk tolerance and set strict stop losses. The author is not responsible for any losses incurred due to reliance on this content.

ENJ｜Enjin The market is really starting to pay attention to Enjin again, often not because it has suddenly become popular. More often, it's because the NFT/gaming assets line has been brought back to the table, and Enjin just happens to be in that position. In terms of scale, it is roughly at the billion-dollar level, positioned in the NFT/gaming assets sector. It hasn't been easily dismissed by the market; the key is not the story, but that there are indeed people continuously using, trading, and viewing it as a reflection of a certain trend. To truly assess whether it has room to grow, we need to look back at the data, especially user retention, protocol revenue, trading depth, and whether new applications are genuinely keeping pace. Returning to the direction of NFT/gaming assets, whether Enjin deserves to continue being priced is not about the volume of discussion, but whether it can turn temporary attention into sustained usage. In terms of prospects, as long as there is real demand for NFT/gaming assets, it will not completely lose its discussion value. However, the market is currently more focused on realization, so what’s more critical moving forward is not to tell new stories, but to truly execute the existing logic. What it really has to face is not its popularity, but the market's increasing realism. Without new users, continuous revenue, and applications to support it, even the highest popularity won't last long. If we can still see activity, retention, and new scenarios moving forward, Enjin's position will be more solid; but if the data only looks good in the short term, the expected pullback will come quickly. Right now, the market doesn't have too many illusions about Enjin. Those who are optimistic continue to focus on realization, while those who are not convinced won't turn back just because of a few stories. In the end, whether the market gives a higher valuation is not about the volume of discussion, but whether this logic can continue to be validated.

MINA｜Mina The most interesting aspect of Mina is never how much it rises in a day. What truly brings it back to the discussion is that the market has never completely set aside the logic of lightweight chains/ZK. Looking at it now, it roughly belongs to the billion-dollar level, categorized in the lightweight chain/ZK track. Because of this, every time it shows significant volatility, it reignites the discussion. The market is not focused on a single price, but rather on the emotional shifts across the entire track. No matter how high the surface heat, what ultimately determines sustainability is whether on-chain usage has increased, how quickly the project is advancing, and whether large funds are willing to return repeatedly. Bringing it back to the direction of lightweight chains/ZK, whether Mina is worth continued pricing is not about the volume of discussion, but whether it can transform temporary attention into sustained usage. In terms of prospects, as long as there is real demand for lightweight chains/ZK, it will not completely lose its discussion value. However, the market is currently more focused on realization, so what’s more critical moving forward is not to tell new stories, but to truly execute the existing logic. But it does have its shortcomings. As soon as funding preferences shift, competitors start to accelerate, or project advancement slows down, prices often reflect concerns first. If we can still see activity, retention, and new scenarios moving forward, Mina's position will be more solid; but if the data only looks good in the short term, the expected pullback will come quickly. Right now, the market does not have too many illusions about Mina. Those who are optimistic continue to focus on realization, while those who are not convinced will not turn back just because of a few stories. The real judgment to be made is not to focus on today’s emotions, but to look back in a few months to see if funds and users are still on this track.