Feilong Daily | April 21, 2026 Today, we will focus on three things 1. The ceasefire is about to expire Dong Wang stated that the ceasefire will expire from 6am to 8am Beijing time on April 23rd, and the possibility of further extension is very low. Wan Si is preparing to fly to Pakistan to promote the second round of negotiations; But the Iranian Ministry of Foreign Affairs has stated that there are currently no negotiation arrangements. Both sides still speak their own words, and the situation remains volatile. Next, we will focus on the time node of Thursday. 2. Micro strategy continues to buy, buy, buy Yesterday, Micro Strategy announced the purchase of another 34164 pancakes, with a total cost of $2.54 billion and an average purchase price of $74395. At present, the total holdings of micro strategies have reached 815061 large cakes, officially surpassing BlackRock IBIT. This is also the first time in history that a single company's holdings of large pancakes exceed ETF holdings. 3. Other institutions are also buying and selling In the first quarter of 2026, the net inflow of BTC ETFs reached $18.7 billion, with spot ETFs holding approximately 1.5 million BTC, accounting for 7.1% of the total supply. At the same time, California's largest pension fund CalPERS allocated $500 million in BTC in the first quarter, and Fidelity has also opened a 1% BTC ETF allocation option in its 401k retirement account. summary Long term: Buying cakes in batches below 55000 yuan is still the most certain choice. Short term: Focus on Thursday as the key point and wait for the situation to become clearer before taking action.