Today's Core News Summary

1. Liquidation and Volatility: High-level pullbacks triggered concentrated long liquidations, over $500 million in leverage cleared in 1 hour
On Saturday morning, the cryptocurrency market rapidly pulled back from high levels, with a total liquidation across the network reaching $546 million in the past hour, of which long liquidations amounted to $468 million, accounting for over 85%, as long positions' stop losses concentrated during the high. Ethereum saw $117 million liquidated in a single hour, SOL nearly $71 million, Bitcoin over $62 million, and XRP over $61 million. After three consecutive days of aggressive increases, the market is severely overbought in the short term, combined with the willingness to take profits at the end of the week, resulting in concentrated release of technical pullback pressure.

2. Industry Catalyst: Solana mainnet upgrade implemented, block time officially shortened to 350 milliseconds
The Solana mainnet activated the SIMD-0525 proposal yesterday, shortening the base block time from 400 milliseconds to 350 milliseconds for the first time, marking the first step towards an eventual target of 200 milliseconds. The network performance upgrade improved the on-chain transaction experience, providing foundational support for DeFi and Meme ecosystems, becoming an independent fundamental catalyst for this round of SOL rebound, with its resilience significantly better than most mainstream altcoins.

3. Financial Aspect: BTC ETF continues to see net inflows, institutional holdings continue to accumulate
As of the latest data, the cumulative net inflow for the US Bitcoin spot ETF has reached 673,700 BTC, with the overall size of institutional holdings expanding continuously. During this round of price increase, institutional funds accelerated their entry after breaking through key resistance, creating positive feedback between price and funds; however, trading was halted over the weekend for ETFs, leading to a temporary weakening of spot buying power, with derivative volatility becoming the dominant factor in the market.

4. Macroeconomics and Sentiment: Profit-taking warmed up at the end of the week, greed index entered high territory
The crypto fear and greed index rose above 62, officially entering the greed zone, with market sentiment quickly reversing from previous panic, indicating short-term overheating signals. On the macro front, the liquidity easing expectations brought by the US Treasury bond repurchases remain, with long-end US Treasury yields retreating from high levels, providing fundamental support for risk assets; however, no major macro data was released over the weekend, with the market largely driven by technical and financial dynamics.

5. Sector Performance: Widespread increases followed by intensified differentiation, high-elasticity coins experiencing larger pullbacks
After a widespread rally, internal differentiation in the market quickly emerged: Bitcoin's pullback was relatively mild, while earlier leading coins like Ethereum and Solana saw larger declines; small-cap altcoins and Meme coins experienced increased volatility, with some targets retreating over 10% within the day. Funds flowed slightly back from high-elasticity tokens into mainstream coins, with Bitcoin's market capitalization percentage rebounding slightly.

The total market cap of the global crypto market is approximately $2.7 trillion, with 24-hour trading volume remaining high. Weekend liquidity is relatively thin compared to weekdays, making volatility easier to amplify. The market is overall in a technical pullback phase after a series of substantial gains, and the mid-term upward structure has not been disrupted.

Mainstream Coins Day Strategy and Entry Point References
The following is a technical analysis summary, intended for market perspective reference only and does not constitute any trading advice.

1. Bitcoin (BTC)
Market Qualitative Analysis: A strong upward structure has been established at the daily level, opening up upward space after breaking through the mid-term resistance zone; however, the 4-hour RSI is severely overbought, combined with profit-taking at the end of the week, entering a short-term pullback consolidation phase. Around $75,000 is identified as a core support that formed from previous breakout levels, with an overall bullish trend but short-term pullback demand apparent.

• Key Support:
◦ First Support: $76,200 – $76,500 (day's short-term holding level, previous trading densely packed area)
◦ Strong Support: $74,800 – $75,200 (bull-bear watershed, a drop below this level would slow down the rebound rhythm)

• Key Resistance:
◦ First Resistance: $78,800 – $79,200 (near day's high point)
◦ Strong Resistance: $80,000 integer mark (psychological pressure point + mid-term target)

• Reference Ideas:
◦ If the $76,000–$76,300 range stabilizes, can attempt to long with light positions, set stop loss below $75,200
◦ If rebounding to the $78,800–$79,200 range faces pressure, can short, set stop loss above $79,800

◦ Weekend volatility is large and liquidity limited; avoid chasing highs and lows, primarily focus on range band ideas.

2. Ethereum (ETH)

Market Qualitative Analysis: The leading rebound target in this round, with a cumulative rise of over 30%, is technically pulling back after being severely overbought in the short term; around $2,300 is identified as a strong support formed from prior breakout levels, the mid-term upward structure is intact, but short-term profit-taking pressure is significant, mainly focusing on oscillating and consolidating in conjunction with Bitcoin.

• Key Support:
◦ First Support: $2,320 – $2,350 (day's short-term holding level)
◦ Strong Support: $2,250 – $2,280 (bull-bear delineation, breaking below would return to oscillation)

• Key Resistance:
◦ First Resistance: $2,450 – $2,470 (day's rebound pressure point)
◦ Strong Resistance: $2,520 – $2,550 (near previous highs)

• Reference Ideas:
◦ If the $2,310–$2,340 range stabilizes, can attempt to long with light positions, set stop loss below $2,260
◦ If rebounding to the $2,440–$2,470 range faces pressure, can short, set stop loss above $2,520

◦ After a large increase, volatility intensifies; ensure strict control of positions to avoid heavy holdings.

3. Solana (SOL)

Market Qualitative Analysis: Benefiting from mainnet performance upgrades, this round of rebound is significantly elastic, reaching a peak of $102; however, it has pulled back in sync with the broader market, and short-term overbought conditions are severe, with the effectiveness of the $90 integer level support needing verification. Overall trend is biased strongly, but independence remains insufficient; cooperative support from the broader market is needed to continue the upward trend.

• Key Support:
◦ First Support: $87.0 – $88.0 (day's short-term holding level)
◦ Strong Support: $84.0 – $85.0 (bull-bear delineation, breaking below this would slow down the rebound rhythm)

• Key Resistance:
◦ First Resistance: $93.0 – $94.0 (day's rebound pressure point)
◦ Strong Resistance: $98.0 – $100.0 (integer level + prior trading densely packed area)

• Reference Ideas:
◦ If the $86.5–$87.5 range stabilizes, can attempt to long with light positions, set stop loss below $84.5
◦ If rebouncing to the $93.0–$94.0 range faces pressure, can short, set stop loss above $96.0

◦ If below $84 suggestions of watch and wait, and if breaking above $95, consider following the trend up further.
Additional Operating Reminders

1. Weekend market liquidity is thin, and following a continuous surge, it is severely overbought, making volatility easily amplified and possibly leading to "spike" conditions; suggest light position operations, strict stop losses, avoiding blind pursuit of highs.
2. Key intra-day observation variables: movements of the dollar index, performances of US stocks before market open, potential regulatory and industry news over the weekend.

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