Here's a breaking news story: Google's quantum computer can crack Bitcoin's private key in just 9 minutes! That's 1 minute faster than Bitcoin's block time!
Then everyone panicked! I only have two words for you: Don't panic.
No matter how much Google hypes its technology, it's still just laboratory theory, a far cry from practical application. Current quantum computers only have a few hundred qubits; to crack the ECDSA algorithm, at least millions, or even hundreds of millions, of stable logic bits would be needed—something unlikely to happen within the next 10 to 20 years!
Bitcoin has long been accustomed to weathering storms; every "doomsday" prediction turns into a buying opportunity! If the algorithm becomes insecure, it will be upgraded; the community has long prepared a post-quantum encryption solution and is not worried at all.
The only thing to do now is to quickly transfer all the coins from the old address and those whose public keys have been exposed to the new Taproot address, and lock the private keys with a cold wallet. As for the rest, don't get swayed by rumors; just hold on tight!
Furthermore, Satoshi Nakamoto stated back in 2010 that Bitcoin does indeed face quantum risks, but "if this gradually occurs, we can transition." CZ also said that, broadly speaking, everyone just needs to upgrade to quantum-resistant algorithms; there's really no need to panic.
While hacking attacks have indeed become more sophisticated and quantum technology has been developing in recent years, cryptocurrencies are also constantly upgrading their security measures, so there's no need to worry too much.
In the past 24 hours, a total of 62,545 people across the internet have had their positions liquidated, with a total liquidation amount of $239 million. Long positions were liquidated for $111 million and short positions for $129 million.
BTC
Yesterday, the selling pressure above 68,000 for Bitcoin was largely cleared. With crude oil falling, most safe-haven assets tend to rise. Bitcoin, after briefly breaking below its support level, has rebounded and entered the C wave of its upward rebound.
However, the current rebound and trading volume are not significant. It's likely that the price will first break through the short-term supply line before starting a surge in volume. Today, pay close attention to the resistance level at 69,000. If it spikes upwards and then falls back, consider shorting; if it rises steadily, avoid short.
ETH
Ethereum's overall liquidity remained weak, with only a slight inflow of 2,520 tokens yesterday. Coupled with inflationary selling pressure from the Proof-of-Stake (PoS) mechanism and the continuous influx of new tokens, the rebound momentum was clearly insufficient.
The weekly chart has formed a death cross, and the consolidation period at the bottom has been insufficient, making a significant short-term rebound and a return to an upward trend highly unlikely. The daily chart shows a descending wedge pattern, with a target of 1600 if it breaks down. In a large-scale downtrend, every rebound presents an opportunity to short.
The highs and lows on the 4-hour chart are both trending downwards, forming a double top (M-top). Focus on shorting on any short above 2125; avoid chasing the price higher.
SIREN is really going to go to zero. Those who followed my advice and shorted last night made a killing.
Data shows that a single entity controls approximately 50% of the supply, with a peak market capitalization exceeding $1 billion. Furthermore, just after AnAn issued an announcement prohibiting market makers from actively making markets, Siren's stock price plummeted 80% overnight, with over $5 million in liquidations within 24 hours. Is the market maker simply dumping shares? Are they directly challenging AnAn?
The problem now is that it's probably very difficult to withdraw the money from this wave of exploitation. But it's also possible that they've already withdrawn a portion, and are just leaving the rest as is?
SKL made a huge surge
The current price is around $0.07, with a market capitalization of approximately $44 million. SKL's rise is due to the project's expansion onto the Base chain, focusing on AI Agent infrastructure and gas-free privacy payments, which is expected to increase developer participation and adoption.
Wait for a pullback to look for opportunities to buy in. Current support levels are at 0.0065 to 0.0068, while resistance and targets are at 0.0078 to 0.0090. The project's fundamentals are progressing normally, so there's no need to panic. It's worth continuing to monitor under the AI narrative.
Trump has fallen nearly 40% in two weeks.
Actually, this is the team manipulating the price to sell off their holdings. Everyone remembers the Mar-a-Lago dinner on April 25th, right? You could have positioned yourself one to two weeks beforehand, and then sold everything on the day of the event.
