安链情报局

Binance scan, ID r91yszzh
$ETH $BTC #ETH走势分析 #特朗普取消农产品关税

💼📉 Coinbase CEO cashed out approximately 550 million USD in one year, accounting for about 5% of his holdings

📅 February 12
According to data compiled by weRate founder @QuintenFrancois:
🔹 Coinbase co-founder and CEO Brian Armstrong
🔹 Sold COIN stock over the past year
🔹 The cash-out scale is approximately 550 million USD
🔹 Accounts for about 5% of his total shareholding

📊 What does this mean?
First, look at the ratio:
👉 Only sold about 5% of the holdings
👉 Still holds over 95% of the shares

From a structural perspective:
📌 More like a "regular executive reduction"
📌 Rather than a large-scale retreat sale

For founder-level shareholders,
annual staggered reductions for asset diversification is common behavior.

🧠 How does the market usually interpret this?
👀 Two voices:
1️⃣ Cautious faction viewpoint
Signal of high-level reduction?
Is there a prediction of industry volatility?
Is there conservatism regarding the market outlook?

2️⃣ Rational faction viewpoint
CEO's personal wealth is highly tied to the company
Moderate cashing out for asset allocation is normal
A 5% ratio does not constitute a change in control

The key is:
📉 Whether there will be sustained large-scale sales
📈 Whether it will affect the company's fundamentals
Currently, it leans more towards "liquidity management" rather than "fundamental shift."

🏦 Background supplement
Coinbase is currently:
🪙 The largest compliant cryptocurrency exchange in the United States
📈 Highly correlated with BTC and ETF capital inflows
🏛️ Also one of the core beneficiaries of U.S. regulatory policy games

Its stock price fluctuations are often related to:
BTC trends
Spot ETF funds
U.S. regulatory dynamics
Industry bull and bear cycles
Strongly correlated.

🔥 In summary:
Selling 5%,
does not mean bearish on 100%.
Founder's reduction is a signal,
but what truly determines the trend,
still relies on cycles and fundamentals. $BTC $ETH #美国众议院终止特朗普加拿大关税 #美国零售数据逊预期

📉 SOL decline drags down financial report | Upexi reports a quarterly loss of $179 million

📅 February 12, according to The Block
Nasdaq-listed Solana 'treasury-like company' Upexi announced its second quarter results.

📊 Key performance data
💰 Revenue doubled year-on-year to $8.1 million

Among them:
🪙 Digital asset business (mainly SOL staking income)
👉 Contributed $5.1 million
👉 First time exceeding traditional consumer brand sector

📉 However, profits were significantly under pressure:
🔻 Net loss $179 million

Among them:
💥 $164.5 million was unrealized fair value loss
(from the decline in SOL holding price)

🏦 Holding situation
📦 As of the end of the quarter:
🔹 Held 2.17 million SOL
🔹 About 95% in staking status

📞 Management's conference call revealed:
👉 Current holdings have increased to approximately 2.4 million SOL

This means——
Upexi has essentially transformed into a 'high-leverage SOL position carrier'.

💧 Liquidity operations
To maintain the capital structure, the company conducted multiple financings:
📌 Issued $36 million convertible bonds (based on locked SOL)
📌 Conducted $7.4 million registered direct offering
📌 End-of-period cash reserves approximately $9.7 million

At the same time:
🔁 The previously announced $50 million stock repurchase plan remains effective

🧠 Market interpretation
These types of companies are essentially similar:
📈 'Listed SOL ETF + leveraged staking strategy'

Advantages:
✔ Can earn cash flow through staking
✔ Asset elasticity is huge in a bull market

Risks:
⚠ SOL decline → Book losses sharply magnified
⚠ High proportion of staking → Liquidity restricted
⚠ Stock prices often fluctuate more violently than spot

📌 Key observation points
🔍 If SOL price rebounds ——
Unrealized losses will quickly be replenished, and the reports will improve significantly.

🔍 If SOL continues to be under pressure ——
The pressure on the balance sheet will continue to amplify.

Such 'treasury coins stocks',
Essentially, are securitizing volatility.

🔥 One-sentence summary:
Upexi is not doing business,
It is 'doing positions'.
When the coin rises, it is the amplifier;
When the coin falls, it is the opposite of the amplifier.$BTC $ETH #非农意外强劲 #美国众议院终止特朗普加拿大关税

📉 Last week, Bitcoin plummeted, creating the largest historical "realized loss".
🧊 The market is bleeding, is a bottom brewing?

📅 Time Review | February 5
BTC quickly fell from $70,000 to $60,000
triggering panic selling in a short time.

📊 According to Glassnode data:
🔻 The realized loss on the blockchain in a single day reached $3.2 billion
⚠️ Setting the record for the largest single-day loss in Bitcoin's history
📉 Exceeding the $2.7 billion during the LUNA collapse in 2022

Data is "realized loss adjusted for entities"
✅ Only counting BTC sold "below the purchase price"
✅ Excluded internal transfers within the same entity
👉 More accurately reflects the scale of market "liquidation"

🧠 Checkonchain interpretation: typical "surrender-type selling"

This round of selling has three major characteristics:
⚡ Extremely fast speed — sudden drop without rebound
📦 Increased trading volume — panic selling concentrated
😵 Low-confidence holders leave in bulk — emotional collapse type exit

Data shows:
📉 The average net loss for the week exceeded $1.5 billion

📌 What does this mean?
Historically:
💥 Large-scale "realized losses" often occur in
👉 Extremely panic emotional phases
👉 Late bear market or stage bottom areas

Because —
The true bottom is often built on "the most painful liquidation".

🩸 The market logic is cruel:
Low-confidence holders leave
High-confidence holders absorb
A redistribution of chips is completed

📊 New high in losses ≠ Market termination
Instead, it could be an important signal of "emotional clearance".

⚠️ But be aware:
📍 Surrender events ≠ Immediate reversal
📍 Bottoms usually require time to oscillate and confirm
📍 Emotional repair > Price repair

🔥 In summary:
This is not the first extreme loss,
but every extreme loss lays the groundwork for the next trend.
The market is filtering chips.
Are you among those washed out,
or among those waiting for the wind? $BTC $ETH #CZ币安广场AMA #易理华割肉清仓

💣 $2.91 billion liquidated in 24 hours, long positions wiped out

📅 February 11
According to CoinAnk data:
In the past 24 hours
The total liquidation across the network was $2.91 billion

Among them:
🔴 Long positions liquidated: $2.09 billion
🟢 Short positions liquidated: $82.19 million
👉 Main direction of liquidation: Longs.

🩸 Who is bleeding?
📉 BTC liquidation: $123 million
📉 ETH liquidation: $73.39 million
The two core assets together account for more than half.

This is not a small coin spike,
This is mainstream assets being directly smashed.

⚠️ What does this set of data indicate?
1️⃣ Market sentiment remains bullish
2️⃣ A large amount of funds are bottom fishing with flying knives
3️⃣ Leverage structure severely favors one side

And the result is only one:
Longs become liquidity.

🧠 Key logic
When the liquidation structure:
Longs far exceed shorts
It indicates that the market is not in panic
But rather——
Still “fantasizing about a rebound.”

The real bottom
Often appears at:
✔ Both longs and shorts being liquidated
✔ Leverage cleared
✔ Trading volume shrinking
✔ Sentiment extremely cold

Now?
It's not completely despair yet.

🧨 What is more dangerous?
Liquidation is not the end.
Liquidation is just
The beginning of “passive selling.”

If the price continues to press down:
📍 Chain reaction of forced liquidations
📍 Funding rates turn negative
📍 Longs fail to add positions
The market will experience a second wave of selling pressure.

🔥 Reminder for contract players
The market is not crashing.
The market is “collecting leverage.”

In a bull market, you earn money through understanding.

In a volatile market, you earn money through discipline.

In a bear market——
As long as you have no leverage,
You have already won half the battle.
$BTC $ETH #Bitcoin谷歌搜索量暴升 #比特币挖矿难度下降

💥 25x leverage has been liquidated again! Machi's loss exceeds 27.52 million USD
The market is falling.
But some are not losing money—they are being punished by the market.

📉 February 11
According to Onchain Lens monitoring
Huang Licheng Machi's ETH 25x leveraged long position
has again encountered partial liquidation.

💣 Cumulative loss:
Exceeding 27.52 million USD.

⚔️ What does 25x mean?

Let's do a simple calculation:
ETH only needs to fluctuate 4%
for the position to approach its limit.
A 10% reverse fluctuation
is basically “liquidation.”

This is not trading.
This is betting against volatility.

🧨 The truth is brutal
When the market falls:
Retail investors get swept away
Whales can also get swept away
No matter how big the name, it can't withstand the liquidation line
In front of leverage, there are no KOLs.

🩸 The key question arises
When major players start getting liquidated,
what does it indicate?
✔ Market liquidity is contracting
✔ Leverage structure is fracturing
✔ Bullish sentiment is collapsing

This is not a normal correction.
This is a “de-leveraging market.”

🧊 What's more dangerous is...
Partial liquidation ≠ end.

If prices continue to plunge:
📍 Chain liquidation
📍 Chain reaction
📍 Bullish panic escape
The market will destroy itself.

🔥 A reality check for contract players
If 25x can't hold,
how many times can you?

In a bull market, everyone thinks they are a genius.
In a volatile market, you realize who is swimming naked.

Don't forget:
Liquidation is never because it fell too much,
but because—
you opened too large. $BTC $ETH #美国零售数据逊预期 #全球科技股抛售冲击风险资产

💣 Galaxy CEO: Is the "Era of Huge Profits" in Cryptocurrency Coming to an End?

Mike Novogratz directly stated a heavy remark:
The "speculative era" of cryptocurrencies may soon be over.

What does this mean?
In translation —
The crazy stories of tenfold and hundredfold returns may become fewer.

🧨 What has happened?

He mentioned a key point:
📍 October 2025
Massive leverage liquidation
Retail investors and market makers being cleared out
Liquidity collapse

This is not a normal pullback,
but a "structural liquidation."

Many people think it’s a black swan,
but he said —
This is more like a switch in market phases.

🧠 What is the real change?
In the past few years:
Meme frenzy
Leverage skyrocketing
Wild fluctuations
Retail dominance

The future may be:
Real-world assets (RWA) on-chain
Institutional funds entering
Decreased returns
Converging volatility

In simple terms:
From the casino
to financial infrastructure.

💭 What does this mean for ordinary people?
If he is right:
✔ The myth of 100x returns will decrease
✔ Funding will be more rational
✔ High-risk funds will be squeezed out
✔ Long-term projects will benefit

But it also means:
❗ The gambling market is shrinking
❗ The difficulty of getting rich quickly is increasing

🔥 The harsh reality
If there are no high-multiplication bubbles,
will you still stay in this market?
Many people love the volatility,
not the blockchain.

Many people believe in profits,
not the technology.

🧊 Deeper signals
When institutions become the main players,
the market will no longer operate around emotions,
but around:
Cash flow
Balance sheets
Real applications

This is not the language of a bear market,
this is the language of a mature market.

But note one thing:
Every declaration of the "end of speculation" has appeared in history.

What truly ends is not speculation,
but the chips of retail investors. $BTC $ETH #黄金白银反弹 #易理华割肉清仓 #何时抄底？ #Bitcoin谷歌搜索量暴升

💥 X Creator Contest Million Dollar Winner

Reportedly involved in Memecoin harvesting?
The twists in the crypto world never need a script.

According to Bubblemaps disclosure——
X Creator Contest 1 million dollar prize winner @beaverd
Accused of profiting approximately 600,000 dollars through Memecoin projects.

🧨 What exactly happened?
On-chain data shows:
Its associated wallet once initiated the $SIAS token
With a market cap that once soared to 6 million dollars
Then quickly went to zero
All social media accounts deleted.

What's more critical is——this wasn't a one-time operation.

Investigations suggest it repeatedly issued Memecoins
Through multiple associated wallets
Pump → Dump → Zero out.
This is not a “failed project.”

This is typical of:
📌 Pumping
📌 Cashing out
📌 Going dark

🔥 The most ironic part is:
On one hand, holding the platform's million dollar prize.
On the other hand, doing “airdrop harvesting” on-chain.

Traffic + Trust + Influence
In the Meme market
Is the sharpest scythe.

🩸 The lesson for ordinary people from the market:
1️⃣ Don’t lower your guard just because of a “winner”
2️⃣ Don’t go heavy just because of “celebrity endorsement”
3️⃣ The essence of Meme is a liquidity game
When you buy in,
You are not investing in a project,
You are betting on “who will take the last baton.”

⚠️ The truth is always harsher than the story:
Most people don’t lose their judgment,
But rather——
Their trust in the “persona.” $BTC $ETH #何时抄底？ #比特币挖矿难度下降

February 11 news, according to Bloomberg, as cryptocurrency prices continue to decline, Coinbase CEO Brian Armstrong's wealth has fallen out of the top 500 on the global billionaire list.

According to the Bloomberg Billionaires Index, his net worth has shrunk by more than $10 billion in seven months, from a peak of $17.7 billion to about $7.5 billion.
Armstrong's wealth is concentrated in the 14% stake he holds in Coinbase, which has dropped about 60% since its peak on July 18 last year, with a single-day decline of 2.8% on Tuesday.

Other cryptocurrency billionaires have also seen their wealth significantly shrink.

Gemini co-founders Winklevoss brothers each saw their net worth drop from $8.2 billion in October last year to $1.9 billion.
Galaxy Digital CEO Michael Novogratz's net worth fell from a peak of $10.3 billion to $6.2 billion.
Strategy founder Michael Saylor's net worth has evaporated by about two-thirds since its peak in July 2025, currently around $3.4 billion. $BTC $ETH #易理华割肉清仓 #Bitcoin谷歌搜索量暴升 #美国零售数据逊预期

🍟 At 14, working at McDonald's 💰 Average purchase price of Bitcoin was $600
Many people only see today's CZ.

But they don't see the 30 years behind him.

In 1989, he immigrated to Vancouver.
His father worked as a teaching assistant at UBC,
and his mother worked for many years in a sewing factory because her English was not good.
The family was not well-off.

At 14, Zhao Changpeng
worked at McDonald's.

He was not a business genius.
He was not born with a golden key.
He was just a child from an ordinary immigrant family.

He entered McGill University,
studied biology,
and switched to computer science.

He did not follow the "standard elite path,"
nor did he succeed right after graduation.

What he relied on was —
technical skills + extreme execution ability.

Later, he went to Tokyo to develop a securities trading system.
He joined Bloomberg.
He worked his way up from a programmer to managing an 80-person team.

By then, he had been honing his skills in the "underlying financial system" for many years.

In 2005, he started a business in Shanghai.
He served major clients like General Motors.

Before the explosion of the crypto world,
he had been preparing for 20 years.

Then, Bitcoin came.
He bought it at an average price of about $600.
At that time, no one was shouting about a bull market.
No one was acting as a KOL.
There was no community frenzy like today.

Only a very few people
truly understood its significance.

📌 The truth is harsh:
Most people see wealth.
A few know that it is the result of long-term preparation.

Others see $600 to buy coins.
What they don't see is —
he had long understood trading systems, financial structures, and risk mechanisms.

🔥 The market always rewards those who "understand in advance,"
not those who "chase after the highs later."

Many people ask:
"Why do others always seize opportunities?"

The answer might be simple:
You see the trend,
he has been preparing for ten years. $BTC $ETH #全球科技股抛售冲击风险资产 #币安比特币SAFU基金

February 11 news, according to SoSoValue data, the cryptocurrency market sector has once again shown a general decline after a brief rebound, Bitcoin (BTC) fell 1.93% in 24 hours, dropping below $70,000, Ethereum (ETH) fell 4.51%, reaching the $2,000 mark. Meanwhile, DeFi fell 3.81%, but River (RIVER) has risen for two consecutive days, increasing by 29.23% in 24 hours.
In other sectors, the PayFi sector fell 2.12% in 24 hours, among which, Monero (XMR) remained relatively strong, rising 1.93%; the CeFi sector fell 2.46%, but Aster (ASTER) rose 6.35%; the Layer2 sector fell 2.72%, Starknet (STRK) fell 4.93%; the Layer1 sector fell 2.95%, Canton Network (CC) increased by 0.58% during the session; the Meme sector fell 2.96%, PIPPIN (PIPPIN) surged by 33.18%. $BTC $ETH #币安比特币SAFU基金 #何时抄底？

💥 A 10-year-old child's $100 turned into $70 million after 32 years

1993.

A 10-year-old child,
secretly used mom's credit card,
spent $100 to register a domain name: AI.com

The reason was absurdly ridiculous—"AI is the abbreviation of my name."

At that time, there was no wave of artificial intelligence.
No ChatGPT.
No computing power war.
Only a charge that puzzled the mother.

32 years later—this domain was sold for $70 million.
The buyer, reportedly the CEO of Crypto.com.

🩸 What truly hurts?
It's not $70 million.
It's—
that $100,
he held for 32 years.

Not selling after doubling.
Not walking away after making ten times.
Not saying "that's enough."
He just kept holding.

🪙 The most ironic comparison in the crypto world
If back then you:
Bought BTC in 2011
Bought ETH in 2016
Bought SOL in 2020
Could you really hold for 10 years?

Or:
Run after doubling?
Panic after a 30% correction?
Question life during a bear market?

🔥 Getting rich isn't a matter of opportunity
It's a matter of patience.

$100 → $70 million
In between, it went through:
The internet bubble
The financial crisis
The mobile internet
Blockchain
The AI wave

In 32 years,
at least 20 moments of "it seems it's time to sell".

🧠 The harsh truth
99% of people can't earn this kind of money,
Not because they didn't buy it.

It's because— they can't hold on.

Short-term gives you pleasure.
Long-term gives you social mobility.

But long-term:
It's too boring.
Too torturous.
Too lonely.

💣 A more heart-wrenching line
Many people mocked early Bitcoin.
Many people mocked early AI.

History repeatedly proves:
When everyone understands it—it's already expensive.

⚡ This story isn't a motivational tale
It's a reminder:
The assets that truly change destinies,
Often seem absurd in the present.

While you're still chasing candlestick charts,
Some are buying "foundational assets of the era".

🩸 A message for the crypto world
What you lack isn't the next hundredfold coin.
What you lack is—
The courage to buy,
When no one else believes in it,
And the courage to hold. $BTC $ETH #美国科技基金净流 #全球科技股抛售冲击风险资产

Recently, according to Malaysian media reports, 7 local police officers conspired with 5 men to break into a residence in Kajang, Selangor in the middle of the night, intimidating and extorting Chinese tourists, ultimately forcing the victims to transfer approximately 200,000 ringgit (about 352,000 yuan) through cryptocurrency. After the police launched an investigation, they acted quickly and successfully arrested the involved police officers.

Sources revealed that the incident occurred around 11 PM on February 5, at a residence in Country Heights, Kajang. That night, 8 Chinese tourists were resting inside the house when they were suddenly invaded by 12 men, some of whom were wearing police reflective jackets and showed police credentials, claiming to be officers.

Currently, the police have classified this case as armed robbery and have invoked Section 395 of the Penal Code to conduct an investigation. Meanwhile, the police will apply to the local court for an extension order to assist in further investigation. $BTC $ETH #美国零售数据逊预期 #黄金白银反弹 $BNB

🩸 The giant whale has lost another 3.6 million dollars, and myths are being shattered one by one.

Lookonchain monitoring shows:
Giant whale address degen-retard.sol

Two weeks ago:
📌 Bought 100,000 SOL for 124 dollars
📌 Total cost 12.4 million dollars
📌 And staked it
Sold all 6 hours ago.

Result:
💸 Loss exceeds 3.6 million dollars.

And this is not the first time—
He has previously lost 6.6 million dollars on SOL.
Cumulative losses exceed 10 million dollars.

🧊 Three brutal realities
1️⃣ Giant whale ≠ always right

Many people like to follow big holders on the blockchain:
"Follow the smart money."
But the reality is—
Big holders can also buy at the top.
Big holders can also cut losses.
Big holders can also make mistakes in judgment.
A large wallet does not mean a correct direction.

2️⃣ Staking is not a protective talisman

Some may say:
"He is still staking and earning."
But when the price drops from 124 to over 80 dollars,
A few months of staking returns
Cannot offset the price drop.

In a bear market:
The yield
Cannot keep up with the drop.

3️⃣ Emotion is the biggest leverage

What stage is buying at 124 dollars?
It is often:
The market has just rebounded
Emotions are warming up
The voices of "a new cycle is coming" appear.

This is typical:
Emotional chasing.

🧠 The most common mistakes retail investors make
Seeing giant whales buy → Follow
Seeing staking → Feel more secure
Seeing a rebound → Increase positions

When the giant whales cut losses,
You might still be:
"Wait a bit longer for a rebound."

📉 Why do stocks drop harder than cryptocurrencies?
Because the market prices not just assets.
But also confidence.
When big holders start to incur consecutive losses,
The narrative will become shaky.
"Smart money" can also be slapped in the face.

🩸 The real lesson
There are no eternal gods in the cryptocurrency world.
Only:
Position management
Risk control
Stop-loss discipline
If one address can lose 10 million dollars,
Why do you think you won’t lose 100,000?

⚠️ Calm reminder

✔ Do not blindly believe in giant whales

✔ Do not heavily invest just because others are staking

✔ Do not assume a bull market just because of a short-term rebound

The market specifically targets—blind faith. $BTC $ETH #美国伊朗对峙 #Bitcoin谷歌搜索量暴升

🚨 73 million dollar pig slaughter plan, main perpetrator sentenced to 20 years in prison

February 10 news——
A U.S. court sentenced Daren Li
to 20 years of federal imprisonment + 3 years of supervision

Charges:
Leading a global cryptocurrency scam worth 73 million dollars.
At least 73.6 million dollars were defrauded.
Of which 59.8 million dollars were laundered through U.S. shell companies.
This is a prison sentence.
Not a fine.
Not probation.

🐷 What is a “pig slaughter plan”?
The process is simple:
1️⃣ Social media / dating apps approach you
2️⃣ Establish a trusting relationship
3️⃣ Recommend a “high-yield cryptocurrency investment platform”
4️⃣ Guide you to transfer funds
5️⃣ Account shows “profit”
6️⃣ Withdrawal is blocked
7️⃣ Platform disappears

So-called “investment platforms”,
are actually just counterfeit websites.

What you see are candlestick charts.
What the backend sees is your principal.

💣 Why is this important?
Because this is a signal:
🇺🇸 The U.S. judicial system
is severely cracking down on cryptocurrency scams.
Participating in fraud = cross-border money laundering + financial crime + telecom fraud

The consequence is not account suspension.
It is federal imprisonment.

🧊 A realistic reminder for ordinary investors
The real danger is not a bear market.
It is:
📌 Promising stable high returns
📌 Guaranteeing to help you double your investment
📌 Limited-time internal access
📌 Private transfers for deposits
As long as it involves:
❌ Personal account receipts
❌ Unknown website domains
❌ Lack of regulatory information
99% are scams.

💳 The other side of deposit and withdrawal risk
Many people only worry about frozen cards.

But the greater risk is:
When you transfer money into illegal accounts,
Your bank account
may also be under investigation.
Once the capital chain involves fraudulent paths,
The cost of explanation is extremely high.

🧠 Three underlying truths
1️⃣ A truly stable and profitable team does not need to privately recruit people
2️⃣ Compliant platforms do not use emotional marketing
3️⃣ Scammers do not exploit technology, but human nature

Greed + Loneliness + Mistrust
are the three knives of the pig slaughter plan.

🩸 The cruelest sentence
In the cryptocurrency circle,
You can lose to the market.
But do not lose to scammers. $BTC $ETH #币安比特币SAFU基金 #比特币挖矿难度下降

🩸 $1.5 billion evaporated
U.S. stocks of "Solana concept stocks" are being liquidated

PANews February 10 news——
Publicly traded companies in the U.S. that hold SOL,
book losses have exceeded $1.5 billion.

They collectively hold:
📌 12 million SOL
📌 About 2% of total supply
📉 Stock prices have plummeted 59%-80% in the past 6 months

This is not an ordinary correction.
This is pressure at the balance sheet level.

💣 When “companies trade coins” meet a bear market
Forward Industries:
Holds 6.9 million SOL
Average cost $230
Current price ≈ $83.95
Book losses exceed $1 billion

Sharps Technology:
Purchased at a value of $389 million
Now only $169 million remains
A decline of over 56%

The question arises:
When the stock price of a listed company
falls worse than the coin itself—
The capital market begins to reprice.

📉 Why do stocks fall harder?
Because holding coins by a company ≠ simply holding coins.
It adds:
1️⃣ Leverage financing risk
2️⃣ Shareholder confidence risk
3️⃣ Refinancing ability risk
4️⃣ Impairment pressure from financial reports
Coin declines are market behavior.
Company holding losses are credit behavior.

Once credit is damaged:
Financing costs rise
Stock price discounts widen
Assets are forced to be sold
This is a "chain reaction."

🧊 Is this a signal of asset winter?
Current SOL ≈ $83.95

The market is repricing:
✔ How much are coin-holding companies worth?
✔ How long can the balance sheet hold up?
✔ Will there be forced selling?

When stock declines
exceed the coin's decline—
It indicates that the market no longer believes in the "long-term narrative."

🧠 A real reminder for retail investors
Many people once saw "listed companies buying coins"
as a bull market signal.

But the reality is:
Companies can also buy at high positions.
Companies can also be trapped.
Companies can also pause increasing holdings.
(Solana Company has stopped increasing holdings since October 2025.)

🩸 What is the truly dangerous phase?
Not the decline in coin price.

But rather:
📉 Company stock price plummets
📉 Financing ability declines
📉 Forced to reduce holdings
When the main body holding coins starts to waver,
the market will enter a "confidence collapse period."

⚠️ Stay calm
The crypto circle is not just about technical charts.
There are also:
Capital structure
Financial report pressure
Liquidity risk

⚠️ Risk warning:
Cryptocurrency assets are highly volatile,
Companies holding coins involve financial and credit risks,
Please do not view corporate coin purchasing behavior as a one-sided positive signal. $BTC

⚠️ Another closure of 【Mainland users' virtual currency trading functions has been shut down】

On February 10, news——
Hong Kong Victory Securities officially closed the virtual currency trading functions for users with Mainland Chinese identities starting from the afternoon of February 9.

📌 Only withdrawal permissions are retained
📌 No longer support deposits
📌 No longer support new trades

Non-Mainland tax residents are temporarily unaffected.

This is not a sudden event.
It is a trend.

🧊 Signals are more important than news
Many people only see:
"Withdrawals are still possible, so it's not a big problem."
But what really needs to be observed are these three signals:
1️⃣ Compliance pressure is penetrating licensed institutions
2️⃣ Platforms are proactively cutting identity risks
3️⃣ Identity recognition is becoming the core watershed
Future inflow and outflow of funds is not just a technical issue.
It is an identity issue.

💳 The logic of fund inflow and outflow is changing

Previously:
As long as the account could be used, it was fine.

Now:
Tax identity
Place of residence
KYC certification
Compliance sources
Will all become review dimensions.

When platforms tighten up,
The easiest issues to arise are:
🔴 Large temporary withdrawals
🔴 Frequent platform switching
🔴 Using sensitive funding channels

🧨 Possible situations that may arise next
✔ More platform partitioned operations
✔ More restrictions on deposits and trades
✔ Only retaining withdrawal channels as a buffer

Remember one thing:
The platform gives you a "withdrawal window period",
It is a compliance buffer, not a long-term commitment.

🧠 Realistic advice for holders
1️⃣ Do not wait until the last day to withdraw
2️⃣ Retain all transaction records
3️⃣ Operate in batches to avoid abnormal fluctuations
4️⃣ Do not concentrate asset transfers under emotional conditions
5️⃣ Clarify your tax and identity attributes

📉 The real risk is not the market
It is:
When you need funds,
Whether the channels are still available.

The market can rebound.
Channel closures will not give advance notice.

⚠️ Risk warning
The regulatory policies for virtual assets vary greatly between regions.
Inflow and outflow of funds involve compliance and account security risks.
Please rationally assess your identity and policy environment. $BTC $ETH #全球科技股抛售冲击风险资产 #易理华割肉清仓

🧠 Buffett's operations in Japan

Breaking down with crypto logic
If we were to replace the five major trading companies with crypto terminology, what would it look like?

✔ Similar to leading projects that control infrastructure
✔ Continuous cash flow (similar to dividend-type protocols)
✔ Valuation below real value

He doesn't buy 'upward',
What he buys is:
Cash flow + industrial control + long-term competitiveness.

Three underlying logics from the crypto world that can be learned

🔹 1) Interest rate arbitrage thinking
Borrowing at low interest rates → buying high cash flow assets
🔹 2) Cyclical counter-cyclical layout
In 2019, no one believed in Japan
= similar to bear market dollar-cost averaging in BTC
🔹 3) Time amplifies leverage
Not high-multiple contracts
But long-term holding

Many people misunderstand:
Buffett makes money relying on 'American dividends'.
But he also makes money in China National Petroleum, BYD, and Japanese trading companies.

What is truly transferable is:
Cognitive framework. $BTC $ETH #美国伊朗对峙 #全球科技股抛售冲击风险资产

💥 Nikkei surged 2000 points in a single day, Buffett made a floating profit of 2 billion dollars in one day

While the cryptocurrency market is still struggling with fluctuations,
The Japanese stock market has historically broken through 56000 points.

And Buffett——
📈 Daily floating profit 2 billion dollars
📊 Five major trading companies market value 41 billion dollars
💰 Cost 13.8 billion → Tripled in nearly 3 years

This is not luck.
This is strategy.

What did he do?
In 2019——Japan was sluggish, the yen was weak, and valuations were so low that no one cared.

He did three things:
1️⃣ Borrow yen at low interest (≈1%)
2️⃣ Buy trading companies with a dividend yield of over 4%
3️⃣ Publicly stated: I won't sell for 50 years

While others trade on fluctuations,
He profits from interest rate spreads + dividends + exchange rates.

What do they call this in the cryptocurrency world?
👉 Arbitrage thinking

👉 Carry Trade

👉 Low-cost leverage amplifying long-term cash flow

📌 The truth:
Real big money,
Has never relied on chasing trends.

But rather:
Lurking when no one is optimistic. $BTC $ETH #何时抄底？ #全球科技股抛售冲击风险资产

🩸 Liquidation + Frozen Card Double Kill
—— A true nightmare for contract players

Do you think the worst is liquidation?
No.

The real despair is:
📉 Contract just liquidated
💳 Bank card frozen simultaneously
📵 Customer service makes you wait for investigation

Only then do you understand —
The market kills you once, and the system stabs you again.

⚔️ Liquidation is a market behavior
🧊 Frozen card is a real punishment

Liquidation, at least the rules are transparent.
You can't handle the volatility; it's a technical issue.

But what about the frozen card?
You don't know which risk control model was triggered.
You don't know when it can be resolved.
You can't even explain the source of funds.

That's not a trading issue.
That's a survival issue.

🧨 The most easily triggered death combo for contract players

1️⃣ Crazy replenishment after midnight liquidation
2️⃣ Multiple large inflows and outflows on the same day
3️⃣ High premium merchants completing transactions quickly
4️⃣ Switching withdrawals across multiple platforms
5️⃣ Using salary cards and mortgage cards for trading

What seems like "self-rescue" to you.
Is "abnormal fund flow" in the eyes of the system.

🩸 The real sequence of the double kill is usually:
📈 Leveraging up
📉 Continuous stop-loss
🔥 Emotional explosion
💸 Large withdrawals
🧊 Frozen the next day

The market gives you emotions,
The bank gives you reality.

🧠 How do real experts avoid double kills?
✔️ Don't withdraw large amounts on the day of liquidation
✔️ Withdraw profits in batches
✔️ Use dedicated cards
✔️ Avoid extreme premium trading
✔️ Don't mix living funds into the contract pool

Remember this:
Leverage is already stimulating enough,
Don't gamble your life safety on transaction excitement.

📊 Underlying logic
Contracts themselves are high volatility high leverage tools.

When your capital flow:
High frequency
Large amount fluctuations
Complex sources
Risk models will amplify you.
You can't control market fluctuations,
But you can control the rhythm of inflows and outflows.

⚠️ Stay calm
Cryptocurrency is high risk
Contracts are even higher risk
Inflows and outflows involve regulatory and account compliance risks
Don't gamble your life safety for trading excitement. #比特币挖矿难度下降 #BTC何时反弹？ $BTC $ETH