News linked to both this project and an event.
BIT has released its latest weekly report, titled "Will the FIFA World Cup Be the End of the Bitcoin Bear Market?" The report suggests that the current bearish trend of Bitcoin is largely consistent with its early February 2026 outlook. The previously predicted A-B-C correction structure has entered its final phase: after Wave A declined to the $60,000 to $69,000 range, Bitcoin rebounded to the $80,000 to $90,000 range, peaking temporarily around $83,000, after which the rebound momentum gradually weakened.BIT points out that the current Fear and Greed Index has approached historically significant low levels, still showing some similarity to the bottom structure of the 2022 bear market. It maintains its previous view that the summer lull during the 2026 World Cup period could serve as the final stage of Bitcoin's current bear cycle.The report states that future focus will be on the key price range for the end of the bear market, macro catalysts for the next bull run, and trend reversal signals from cyclical indicators. If the relevant framework holds, this market bottom could become one of the low points in Bitcoin's history with a relatively concentrated time window and clearly defined triggering conditions.
BIT Official released a chart analysis stating that the crypto market has already begun pricing in the SpaceX IPO ahead of time.The chart shows that SpaceX plans to IPO on June 12 with a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively launched SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price standing at approximately $2.41 trillion.Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or deliver a strong performance after listing. Meanwhile, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to stocks and popular primary market themes.
Odaily Planet Daily reports that BIT's chart of the day indicates that the key to market analysis often lies in identifying the core factors driving asset price movements and observing when these factors begin to change.For Bitcoin, the sustained upward trend over the past period has largely depended on the shifting dynamic between institutional demand and market supply. Over the past year, spot Bitcoin ETFs and Strategy (formerly MicroStrategy) have been important sources of this demand.When ETF inflows accelerate and Strategy continues to increase its Bitcoin holdings, Bitcoin prices typically rise. Currently, the combined net purchases of ETFs and Strategy have fallen to just $870 million, primarily due to significant capital outflows from ETFs, which have shifted from net buying to net selling.Until ETF inflows stabilize and recover, Bitcoin may continue to oscillate and consolidate in the short term.
According to independent analyst Markus Thielen, HYPE has become one of the strongest-performing tokens in the crypto market since the outbreak of the Iran conflict, surging over 100% from its 2026 lows—with particularly pronounced outperformance relative to Bitcoin. The core driver behind this strength lies in Hyperliquid’s ongoing expansion beyond crypto into other asset classes, having successively launched TradFi-linked products such as oil and SpaceX perpetual contracts, thereby attracting substantial capital inflows. Thielen notes that this trend reflects a broader acceleration by crypto exchanges into high-volatility, topical traditional financial derivatives—and signals that the intrinsic value of crypto infrastructure itself is gradually surpassing the crypto narrative. Although HYPE is already a highly crowded long position with strong conviction among market participants, its current momentum remains robust.
According to chart analysis released by independent analyst Markus Thielen on May 19, the current market capitalization of USDT has reached $189.8 billion, while that of USDC stands at $76.9 billion—both exhibiting long-term upward trends. However, since Bitcoin entered a correction phase in October last year, the total market capitalization of stablecoins has remained largely flat, indicating relatively limited inflows of new capital into the crypto market. Thielen noted that although there is a widespread belief that stablecoins will fully replace traditional payment networks, their primary use cases remain concentrated on crypto trading and portfolio management—still far from achieving mainstream payment adoption. While U.S. policy broadly supports stablecoin development—partly because their reserve assets are often reallocated into U.S. Treasury securities—the gap between current usage and true mainstream payment application remains substantial.
Odaily released the latest analysis chart indicating that Ethereum's recent price movements are increasingly dominated by ETF fund flows. Over the past year, the 30-day moving average of daily net inflows for ETH ETFs has been highly synchronized with ETH's price performance, showing a marked increase in Ethereum's sensitivity to institutional fund flows.BIT points out that one of Ethereum's current core narratives is its net staking yield of approximately 2.5%. However, against the backdrop of accelerating inflation again and the U.S. 10-year Treasury yield rising above 4.6%, Ethereum's staking yield advantage is weakening compared to risk-free assets like U.S. Treasuries.Furthermore, ETF outflows from Ethereum have resumed since May. BIT believes that if this trend continues, Ethereum is likely to maintain a consolidation and range-bound trajectory.
According to chart analysis released by independent analyst Markus Thielen on May 18, the 30-day moving average of daily net inflows into ETH ETFs over the past year has been highly synchronized with Ethereum’s price movement, making institutional fund flows a core driver of ETH’s price. However, as U.S. 10-year Treasury yields rise above 4.6% and inflation accelerates again, Ethereum’s ~2.5% net staking yield is losing appeal relative to risk-free assets. Since May, ETH ETFs have seen renewed net outflows; if this trend persists, Ethereum’s price is highly likely to remain in a range-bound consolidation pattern.
BIT's latest weekly report indicates if Bitcoin had kept pace with the Nasdaq's rally, its price would theoretically be near $140,000. However, since October 2025, the divergence between Bitcoin and the Nasdaq has become increasingly pronounced.BIT highlights that the latest U.S. CPI data has risen to 3.0%, 100 basis points above the Federal Reserve's target, prompting the market to pull back some of its pricing for rate cuts in 2026. The report suggests that Bitcoin's previous upward momentum was heavily reliant on expectations of Fed easing, and as rate cut expectations have diminished, Bitcoin's performance has come under short-term pressure.The report also notes that the stock market has benefited from nominal income growth driven by inflation and a decline in real debt burdens, resulting in a different trajectory compared to Bitcoin. BIT believes the market's current focus is on whether the repricing of inflation expectations will undermine Bitcoin's fundamentals and how investors will adjust their positions going forward.
BIT's official Chinese-language market analysis stated that Circle's stock price rose 16% overnight, currently approaching its March 2026 high. The market is pricing in expectations that uncertainty surrounding crypto regulation may ease.BIT indicated that this week could become a critical juncture for the advancement of the CLARITY Act, with the market generally viewing Circle as a direct beneficiary of regulatory clarity. It also noted that USDC market capitalization has maintained steady growth lately, and Circle's recent rally reflects market expectations for potential favorable policies and regulatory developments, rather than short-term fundamental improvements.BIT believes that if digital asset regulatory rules are further clarified, it could not only provide support for Bitcoin but also encourage more institutions to participate in the market.
According to chart analysis released by independent analyst Markus Thielen, Bitcoin’s price action in April followed seasonal patterns almost perfectly: its actual gain exceeded the historical average. Yet at that time, the market had not reached a broad consensus on bullish sentiment. While investor mood was cautiously optimistic, positions were not significantly increased; low trading volume and persistently negative funding rates indicated that many traders remained on the sidelines. Entering May, Bitcoin’s rebound above $80,000 caught numerous investors off guard—further confirming the market’s prior under-allocation. Historical data shows May is a relatively stable month for Bitcoin: over the past 10 years, its average return has been approximately 10.3%, with six years posting gains. Seasonal support remains intact—but whether positions will increase accordingly remains a key variable.
BIT has released a chart stating that the cumulative acquisition cost of Bitcoin currently held by Strategy (formerly MicroStrategy) is approximately $62 billion. Even though Bitcoin has been in a consolidation phase over the past two quarters, the company has continued to raise funds through capital markets and used the proceeds to increase its BTC holdings.Historically, the correlation between Strategy's stock price and Bitcoin's price has been relatively tight. During bull markets, Strategy's stock price is more sensitive to changes in Bitcoin's price, showing greater upward elasticity and often delivering more prominent relative performance. However, when market momentum weakens, the stock price can sometimes weaken earlier than Bitcoin.Currently, there is a certain divergence in the performance of Strategy and Bitcoin. If historical patterns still apply, such divergence is worth continuous attention. Should the two converge again in the future, it could imply an improvement in Strategy's relative performance compared to Bitcoin, but this change remains dependent on the overall market environment.
Odaily Odaily News: BIT Official's daily chart analysis indicates that spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, with institutional buying power accumulating steadily and providing support for prices.It notes that Strategy has invested approximately $11 billion this year to increase its Bitcoin holdings. The combination of ETF inflows and corporate buying is helping to strengthen market absorption capacity. The analysis suggests that, in the absence of significant risk event disruptions, the current market structure remains supportive of Bitcoin's gradual upward trend.
According to a chart analysis released by independent analyst Markus Thielen on April 20, 2026, Bitcoin has remained in a correction phase since last October. During the same period, Tether’s market capitalization has lingered near $18.3 billion, reflecting a lack of new capital inflows and sustained downward pressure on prices overall. Recently, this situation has shifted: Tether’s circulating supply has increased by approximately $3 billion, lifting its market cap to $18.7 billion; the total stablecoin market cap has resumed an upward trend, signaling a recovery in market liquidity. Analysts note that, when viewed alongside other capital flow indicators, the signals are turning positive—though still in their early stages. Marginal improvements in such capital flows typically precede price movements. If this trend continues over the coming weeks, it could provide some support for Bitcoin’s price.