Tether's denial of Bitcoin sales and the increase in MicroStrategy's Bitcoin holdings under CEO Michael Saylor are strong positive signals, boosting market confidence and institutional interest. Meanwhile, market sentiment shifting to 'Fear' and a hashrate decline reversal indicate risks of short-term price corrections. The resolution of Ripple's lawsuit with the SEC enhances industry-wide legal clarity, and the emergence of regulatory-compliant stablecoins is expected to bolster long-term market credibility and strengthen the foundation for institutional participation. Market bias remains neutral leaning bullish.

Tether Denies Bitcoin Sale Speculation, Announces Continued Investment in BTC, Gold, and Land Tether CEO Paolo Ardoino's explicit confirmation that the company has not sold its Bitcoin holdings, reaffirming a strategy to invest profits into Bitcoin, gold, and land, is critical news for market stability. Tether is the world's largest stablecoin issuer, and confidence in the soundness of its reserves is directly linked to the liquidity and credibility of the entire cryptocurrency market. This denial was essential to dispel speculation from certain YouTubers regarding a decrease in Bitcoin reserves and to maintain trust in USDt. The avoidance of potential selling pressure from Bitcoin sales acts as a short-term price support factor. Furthermore, diversified investments in gold and land signal Tether's financial stability, potentially strengthening USDt's reliability. As institutional investors prioritize the stability of major players like Tether, this news is expected to contribute to stabilizing market sentiment. Bitcoin Reaches $111.3K; 10% Drop Predicted as 'Worst-Case Scenario' Bitcoin's (BTC) climb to $111,369, accompanied by a minor rebound towards the weekly close, represents a key inflection point for market participants determining the short-term direction. Analysts point out that the ability to break through resistance levels at $112,000 and potentially $113,000 is crucial for sustaining a further uptrend. A failure to overcome these levels could indicate correction risks towards $108,000 or the psychological threshold of $100,000, potentially creating short-term downside pressure. Conversely, some projections based on Fibonacci analysis suggest a maximum decline limited to 10%, indicating a mixed outlook within the market. Consequently, short-term price levels and the struggle to maintain them significantly influence market volatility and the behavior of traders and short-term investors, necessitating close monitoring. Michael Saylor's Assets Surge by $1 Billion; Debuts on Bloomberg Billionaires Index The fact that MicroStrategy Co-founder and Executive Chairman Michael Saylor's net worth has increased by $1 billion since the beginning of the year, marking his debut on the Bloomberg Billionaires Index, underscores renewed institutional interest in the Bitcoin market and reaffirms his and MicroStrategy's influence on the market. Saylor is a vocal proponent of Bitcoin, and MicroStrategy holds a substantial amount of Bitcoin on its balance sheet. His asset growth is primarily attributed to the appreciation of MicroStrategy's stock, reflecting the market's increasing positive valuation of companies expanding their Bitcoin investments. Institutional investors tend to view the actions of prominent Bitcoin advocates and corporations holding Bitcoin as a treasury asset as leading indicators for overall market sentiment and future demand. With MicroStrategy's holdings of approximately 659,739 BTC, representing about 3.42% of the total market supply, the company's activities can indirectly influence Bitcoin's price. Bitcoin Network Mining Difficulty Hits All-Time High The Bitcoin mining difficulty reaching a record high of 134.7 trillion signifies enhanced network security strength and intensified competition for block production. This indicates that the Bitcoin network is being secured by a greater amount of computational power, which can be interpreted as a positive sign for its long-term robustness. However, as noted, the current situation where mining difficulty increases despite a decline in hashrate (from over 1 EH/s to 967 EH/s) suggests deteriorating profitability for miners. Miners, particularly those facing rising energy costs or using less efficient mining hardware, may be compelled to halt operations or sell their Bitcoin holdings, presenting a risk factor for potential short-term selling pressure on Bitcoin. In the long run, this trend is likely to drive consolidation towards more efficient and large-scale mining operators. Crypto Market Sentiment Shifts to 'Fear,' Interest Wanes in Altcoins The cryptocurrency market's sentiment retreating into the 'Fear' zone indicates a decline in investor risk tolerance and signals worsening market psychology. According to Santiment, investors are losing interest in speculative altcoins, shifting their focus towards large-cap assets such as Bitcoin (BTC), Ethereum (ETH), and XRP. This concentration of capital into major assets suggests risk-off behavior across the market. Amid diminishing expectations for an "altcoin season," this trend could also apply downward pressure on Bitcoin's price. However, the movement of capital towards relatively more stable large-cap assets might also enhance Bitcoin's stability and potentially curb extreme price fluctuations. Changes in market psychology significantly impact short-term price movements, making shifts in investor sentiment a critical factor to watch. Ripple vs. SEC Lawsuit Concludes; Poised to Challenge SWIFT? The conclusion of Ripple's long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC) is a landmark event, providing legal clarity for the XRP token and enhancing transparency regarding the regulatory landscape for the entire cryptocurrency industry. This legal resolution establishes an environment where Ripple can focus on its longer-term business strategies, including promoting XRP's utility as a payment system and positioning it as an alternative to incumbent international payment networks like SWIFT. The potential for blockchain technology to address SWIFT's inherent challenges—such as fees, processing speed, and transparency in international remittances—strengthens the long-term growth narrative for the crypto market. Although technical, regulatory, and network effect barriers remain for replacing SWIFT, the resolution of Ripple's lawsuit represents a significant step towards the transition to blockchain-based financial infrastructure, indirectly highlighting Bitcoin's potential future role in the global financial system. Paxos Proposes USDH Stablecoin for Hyperliquid, Allocating Yield to HYPE Buybacks Stablecoin infrastructure firm Paxos has proposed the USDH stablecoin for the Hyperliquid ecosystem, designed to comply with regulatory standards such as the GENIUS Act and MiCA. This initiative serves as an important step in facilitating institutional participation. The pursuit of issuing regulatory-compliant stablecoins by established firms like Paxos enhances the overall credibility and maturity of the cryptocurrency market. The incentive structure, where USDH injects liquidity into the Hyperliquid ecosystem and its generated yield is allocated towards buybacks of the platform's native token, HYPE, not only accelerates the growth of specific DeFi platforms but is also perceived as a move fostering broader DeFi ecosystem sustainability and regulatory cooperation. This contributes to the healthy growth of the entire Bitcoin-based ecosystem and holds the potential to lower barriers for institutional entry into the crypto market. [Overall Summary] Developments such as Tether's denial of Bitcoin sales and Michael Saylor's asset growth serve as positive factors for maintaining market stability and institutional interest. Conversely, the shift in market sentiment towards 'Fear' and the divergence between rising mining difficulty and declining hashrate signal risks of short-term price volatility and potential deterioration in miner profitability, warranting caution. The conclusion of the Ripple-SEC lawsuit enhances industry-wide legal clarity, while the proposal of regulatory-compliant stablecoins strengthens the foundation for institutional adoption, indicating progress towards long-term market reliability and growth.

The reversal phenomenon of increasing mining difficulty coupled with a declining hash rate could become a risk factor, potentially leading to short-term selling pressure due to deteriorating miner profitability. Key support levels include $108,000 and the psychological milestone of $100,000. Constant vigilance is required against further deterioration in market sentiment, significant outflows from ETFs, or unforeseen macroeconomic shocks.

The key focus for the next 24-48 hours is whether Bitcoin can break the $113,000 resistance level and establish a further uptrend. Looking at the medium-term (1-week outlook), a resumption of inflows into ETFs coupled with improved market sentiment could accelerate momentum above $113,000, targeting new highs. Key catalysts to watch include the release of US economic data, sustained inflows into major ETFs, and developments within the mining sector.

Bitcoin is currently trading near historic highs. While the risk of a short-term correction persists, its fundamentals provide unwavering support for a long-term bullish outlook. The soundness of Tether, MicroStrategy's ongoing Bitcoin accumulation, and robust institutional inflows into ETFs are strengthening the foundation for market stability and growth. The prevailing market bias is unequivocally bullish. Short-term volatility should be interpreted as a prelude to a more significant rally. The specific action plan involves actively seeking accumulation opportunities around the $108,000 mark. We recommend further entries upon a decisive breach and subsequent hold of the $113,000 level. The initial profit-taking target is set at $115,000, with a stretch goal of $120,000 if momentum persists. Conversely, should the price clearly fall below $108,000, a cautious partial adjustment of positions is advised for short-term risk mitigation. Key levels to monitor this week are the $108,000 support and the $113,000 resistance. Price action around these levels will be crucial in determining the direction of the next trend. From a risk management standpoint, vigilance is required regarding potential selling pressure stemming from declining miner profitability and any abrupt shifts in market sentiment. Daily ETF net flow trends will also be under close observation. Do not be deterred by market fluctuations. Maintain faith in Bitcoin's innovative technology and robust fundamentals. Seize opportunities with a calm demeanor and focus on steadily accumulating assets. The outlook is exceptionally bright, and we are confident that your investments will yield returns beyond expectations.