ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X: "In the past 30 days, MicroStrategy (MSTR) spent $13.5 billion to buy 149,900 BTC, and the value of their holdings has increased by $21.5 billion.The Bitcoin market cannot absorb tens of billions of dollars in the short term without driving up prices, so returns are almost inevitable. If BTC breaks through $100,000, then as it enters the price discovery phase, gains could further increase."

ChainCatcher news, Bloomberg published an analysis that the rise of Bitcoin on Wednesday by 6%, reaching a peak of $97,361, may be influenced by Paul Atkins potentially becoming the new chairman of the SEC. Ethereum surged over 10% during the day, and analysts expect BTC to possibly break through $100,000 in the short term:Wintermute OTC trader Jake Ostrovskis stated: "The market is in a price discovery phase, and the recent decline appears to be a healthy correction, likely driven by profit-taking, with traders believing that the $100,000 level is likely to be breached."B2C2 director Nikolay Karpenko pointed out that the earlier decline in Bitcoin this week was tactical, and Bitcoin is likely to break through $100,000 soon.

ChainCatcher message, Vitalik stated on Warpcast that the Blob has quietly "entered price discovery," with recent total fees averaging about 10 ETH per day.

ChainCatcher news, Blur and Blast co-founder Pacman quoted the announcement of Blast Phase 2 Gold Distribution 1 on social media, stating that as the election cycle heats up, prediction markets with native yields will achieve higher capital efficiency and better price discovery. We are pleased to support the construction of prediction markets based on Blast.

ChainCatcher news, according to official sources, Coinbase International Exchange and Coinbase Advanced will launch a Pre-Launch market for trading before token issuance and participating in price discovery.The Pre-Launch market allows users to trade perpetual futures contracts for tokens that have not yet been issued. Qualified institutional users can access the Pre-Launch market through Coinbase International Exchange, while qualified retail traders can access the Pre-Launch market through Coinbase Advanced.

ChainCatcher news, according to CoinDesk, Coinbase stated in a research report released on Friday that both U.S. stocks and gold have been declining since peaking in mid-April, against the backdrop of a strengthening dollar. The largest cryptocurrency by market capitalization fell 16% in April, marking the largest monthly decline since June 2022."What makes us optimistic in this pullback is that BTC's maximum drawdown from its peak is 23%, which is below its historical range," analysts David Han and David Duong wrote."We believe that this overall trend of reduced drawdowns will continue, partly due to BTC's legitimization as a macro asset," the authors wrote. This is supported by spot trading funds (ETFs) in the U.S., Canada, and Europe, as well as the recently launched ETF in Hong Kong and new applications in Australia."Although the inflows from overseas ETFs may not be as large as those seen in the U.S., we believe they represent an important signal of global regulators' involvement in this asset class," the report stated."The average daily spot trading volume of CEX in the first quarter of 2024 was $18.8 billion, more than eight times higher than the daily trading volume of $2.3 billion for U.S. spot trading funds (ETFs) during the same period," the report noted. "This difference in activity leads us to believe that Bitcoin's price discovery remains rooted in global demand trends."