Bitcoin's surge past $120,000, alongside strong ETF inflows, is bolstering market sentiment. Growth in the AI sector and ongoing discussions about tax relief are also positive drivers. Furthermore, Sweden's exploration of Bitcoin as a reserve asset enhances its long-term credibility. The overall bias is bullish, though volatility remains a key consideration.

・Bitcoin Price Surpasses $120,000, Suggesting Potential Rise to $145,000 Market sentiment is bullish, with prominent analysts pointing to a possible surge to $150,000 in the short term. Inflows into ETFs remain robust, indicating sustained institutional interest. This upward trend could positively impact the broader altcoin market, including APT. ・Swedish Parliament Proposes Review of Bitcoin as Reserve Asset The consideration of Bitcoin as a national reserve asset enhances institutional credibility for digital assets. This could potentially prompt other countries to explore similar measures, further accelerating Bitcoin adoption and contributing to its long-term proliferation and value appreciation. ・US Congress Discusses Cryptocurrency Tax Code Review Discussions surrounding potential tax relief for cryptocurrency transactions could lower entry barriers for both individual and institutional investors. Tax exemptions, particularly for micro-transactions, might encourage the use of crypto as an everyday payment method. Tax clarity is expected to enhance market transparency and foster improved relations with regulatory bodies. ・OpenAI Achieves $500 Billion Valuation The rapid expansion of the AI sector may accelerate its convergence with blockchain technology. Increased investment is anticipated in AI-related projects and AI-driven infrastructure, potentially benefiting platforms like APT in developing AI-centric use cases. ・Declining Dominance of Tether and USDC Stablecoins The diversification of the stablecoin market offers users more choices and promotes competition across the sector. This is expected to lead to the emergence of new stablecoin projects and spur innovation among existing ones. Platforms like APT could potentially expand their user base by strengthening integrations with various stablecoins. ・XRP Potential for October to be the Most Bullish Month in 2025 Bullish price forecasts for XRP reflect an optimistic outlook for the broader altcoin market. Specifically, the potential approval of a spot XRP ETF could significantly increase market attention, potentially creating a positive spillover effect for other altcoins. APT can enhance its value by strengthening collaborations with XRP and projects featuring similar utility. ・Avalanche (AVAX) Surges on $1 Billion Acquisition Proposal Growth in specific blockchain projects stimulates their entire ecosystems. Substantial investments, such as the proposed acquisition of Avalanche, signal confidence in its technological capabilities and future prospects, potentially exerting an indirect positive influence on other platforms like APT. ・Plasma Founder Denies Insider Trading Allegations Reports concerning project credibility directly impact investor sentiment. While accusations of insider trading can trigger sharp token price drops, the founder's denial temporarily alleviates market uncertainty. However, such incidents underscore the need for careful due diligence when evaluating projects, even those on platforms like APT. ・Solana Poised to Outperform Ethereum in Staking ETFs Analyses highlighting Solana's technological advantages suggest intensifying competition among Layer 1 blockchains. Solana's potential outperformance in the Staking ETF market underscores expectations for its scalability and efficiency. APT could benefit from Solana's ecosystem growth by strengthening its integrations within it. Overall Summary The cryptocurrency market continues to exhibit strong bullish sentiment, supported by numerous positive catalysts including Bitcoin's price surge, national-level consideration of Bitcoin adoption, and discussions on tax relief. Growth in the AI sector and diversification in the stablecoin market present new opportunities for platforms like APT. However, challenges such as credibility issues in certain projects and escalating competition among Layer 1 blockchains persist, indicating that the market is likely to remain highly volatile.

The current RSI of 84.9 heightens the risk of a short-term price correction. A break below the support at the recent low of $4 could lead to further downside. Project-specific credibility issues, such as insider trading allegations involving the Plasma founder, could negatively impact market sentiment. Regulatory uncertainty and the release of macroeconomic indicators are also risk factors that require close attention.

**Outlook:** **Short-term:** The RSI is currently indicating an overbought condition, suggesting potential for profit-taking or consolidation. However, sustained bullish sentiment could maintain upward momentum. **Medium-term (1-week):** If Bitcoin's momentum persists, APT is likely to follow suit. Breaking new resistance levels will be key for further upside. **Key catalysts** to watch include announcements of AI-related use cases and developments regarding major ETF approvals.

The APT market is broadly exhibiting a clear bullish trend, underpinned by strong fundamentals such as Bitcoin reaching historic all-time highs, sustained inflows into ETFs, and global considerations for regulatory easing and new institutional frameworks. The rapid development of the AI industry and the diversification of the stablecoin market present significant potential for new use cases and growth opportunities for the APT platform. From a technical perspective, the Relative Strength Index (RSI) at 84.9 indicates an overbought condition, signaling increasing pressure for short-term profit-taking or a potential correction. However, this correction is likely to serve as a foundation for a more sustainable continuation of the upward trend. Regarding investment strategy, it would be prudent to wait for a brief consolidation around the current price of approximately $5, or a minor pullback. Specific entry points could include accumulating positions within the $4.50-$4.70 range, or initiating long positions after confirming a clear breakout above $5.20-$5.50. Take-profit targets are set at $5.50-$5.70 for the initial phase, followed by $6.00-$6.50. Stop-loss levels should be placed below $4.00 or near the entry price, depending on the specific entry point, to ensure rigorous risk management. This week, the primary focus should be on Bitcoin's movements, particularly ETF inflow dynamics, and AI-related news flow. These catalysts have the potential to drive the next upward wave for APT. While the market is highly volatile, possessing robust fundamentals and a clear strategy will enable investors to capitalize on APT's growth opportunities. Let us proceed with investments optimistically, maintaining composure and consistency.