Recently, people have been asking me: Is Bitcoin truly "digital gold"?
To be honest, it's not quite there yet. Bitcoin does have scarcity, decentralization, and is gradually being accepted by the mainstream, but its volatility is too high. When you talk about hedging in turbulent times, it often drops first. Many studies also point out: Bitcoin is more like a high-risk asset with obvious speculative attributes, not a true "safe haven".
Its ability to resist inflation is also unstable and easily influenced by market sentiment. However, with the deep involvement of institutional players like ETFs, its positioning may be quietly changing. Now, Bitcoin is more like an option to "allocate a bit more" in an asset portfolio, but replacing gold? That's still far off.
This gambling king is back: Wynn goes all in on ETH+PEPE!
A familiar name returns - the high-leverage maniac James Wynn! This time, he opened a $23 million leverage position on Hyperliquid, using only $530,000 USDC to bet on #ETH and #PEPE:
- ETH long 25x, entry at 3726
- PEPE long 10x, entry at 0.0135
Now ETH has a floating profit of $250,000, but PEPE has lost over $60,000.
This guy just blew up a $100 million BTC position last time and is now making a comeback, even saying "market makers' ammunition is running low". In fact, ETH has been truly fierce: short liquidations are happening continuously, with prices surging 20% and market cap soaring $15 billion, approaching the $3,700 mark. If it rises another 10%, an estimated $1 billion in positions are expected to be liquidated.
Will Wynn make an epic comeback or get liquidated again? We'll see.
Okay, let's look at how Altcoins performed this weekend? Who's stronger among #XRP, #TAO, and #DOGE?
XRP: Bullish on the technical side, targeting $4.16
XRP has been stable, holding above the $3.40 support level, forming a typical "bullish flag" pattern. Golden cross, volume increase, and OBV bullish signals are all present. Although it might oscillate in the short term, as long as it doesn't break below $3.12, the museum-like chart suggests the next stop is $4.16. Market sentiment is optimistic, it's just a matter of when it will break through.
TAO: Strong on the daily chart, slightly fatigued in the short term
TAO has risen for two consecutive days, reaching a high of $417.98 today, with a clear upward trend on the daily chart. However, the 4-hour chart is starting to weaken, falling back to $395.98. Selling pressure appears around $401, with the Bollinger Bands narrowing and volatility decreasing.
RSI is slightly bullish in the neutral zone, indicating that the bulls are not giving up, but to continue rising, it needs stronger big players to take over.
DOGE: Will Dogecoin hit $1? Experts start making predictions
Dogecoin is back - many analysts predict it will hit $1 by September 2025. This week's target is $0.35, and the confidence comes from:
- Successfully breaking through the $0.21 resistance level
- Golden cross of 50/200 EMA on the 4-hour chart
- Rumors of institutional buying and whale return
Of course, this is all just "speculation". Since March, DOGE has struggled to effectively break through the $0.21 area. To truly challenge $1, it must start gaining momentum in August and break through the historical high of $0.73. Currently, that path seems long.
This week's crypto market is both exciting and nerve-wracking.
Bitcoin's role is evolving, with Altcoins taking turns in the spotlight, but how far they can go ultimately depends on whether funds truly "get on board". Sometimes, when the market is most crazy, a correction is not far away. Tomorrow, Monday, as the US market returns, cautious optimism and staying clear-headed are the most important strategies for this stage. (Sunday article)
That's it for the article! If you're feeling lost in the crypto world, consider joining our community to layout and harvest from market makers! You can join the VX+Q group without threshold to get market analysis and Altcoin operations... V: c13298103401 or Q: 3806326575
