Increased development of Bitcoin ETF-related products, including options and income-generating strategies, by institutional investors is driving market maturity. Ethereum's oversold signals suggest the potential for a short-term reversal. The convergence of AI and blockchain, along with the involvement of major tech companies in mining infrastructure, is fostering new use cases and enhancing reliability. The market bias is neutral.

・Expansion of Bitcoin ETF Options Trading in the US Regulatory easing by the SEC is facilitating institutional investor participation, potentially acting as a stabilizing factor for Bitcoin prices. The growth of the options market is expected to enhance liquidity and suppress volatility. This could lead to new capital inflows, supporting medium-to-long term price appreciation. ・Hong Kong Restricts Stablecoin Derivatives Trading Hong Kong's regulatory authorities indicating a policy to restrict derivatives trading involving stablecoins could potentially narrow their use cases. This may impact the adoption of stablecoins, particularly in the Asian region, and the growth of the related DeFi ecosystem. ・Ethereum Flashes Rare Oversold Signal Ethereum's Relative Strength Index (RSI) reaching multi-month lows is being interpreted as a sign of a potential short-term price reversal. Historically, such signals have preceded significant uptrends in ETH price, raising expectations for a future recovery. However, maintaining the $3,800-$3,900 range will be crucial. ・Bitcoin Miner TeraWulf to Raise $3 Billion for Google-Backed Data Center Construction Deeper involvement from a major tech company like Google in Bitcoin mining infrastructure could enhance industry credibility and potentially spur further institutional investment. This is expected to drive the expansion of mining infrastructure, contributing to improved Bitcoin network security and scalability. ・Cloudflare Plans "NET Dollar" Stablecoin to Support AI-Driven Payments The development of a dollar-pegged stablecoin aimed at enabling instant settlements by AI agents represents a significant step in the convergence of AI and blockchain technology. This could pave the way for AI to participate more directly in broader economic activities, potentially leading to the creation of new payment infrastructures. ・BlackRock Files for Bitcoin ETF Aimed at Income Generation BlackRock's filing for a Bitcoin ETF seeking to generate yield through the use of covered call options suggests a new approach by institutional investors towards Bitcoin. This is expected to diversify investment strategies for Bitcoin, catering to a broader range of investor needs. ・China Opens Digital Yuan Hub in Shanghai to Oversee Cross-Border Blockchain Services The establishment of a digital Yuan (e-CNY) hub in Shanghai by the People's Bank of China signals its ambition to promote the international adoption of the digital currency and advance cross-border payments utilizing blockchain technology. This move could potentially enhance the Yuan's position within the existing international financial system, impacting global financial markets. Overall Summary The acceleration of ETF product development and infrastructure investments by institutional investors, coupled with strengthened AI integration and progress in central bank digital currency (CBDC) initiatives, are driving the maturation of the cryptocurrency market and the creation of new use cases. On the other hand, regulatory trends and macroeconomic indicators cannot be ruled out as potential drivers of short-term price fluctuations, suggesting that market volatility is likely to remain elevated. Future market performance will likely be shaped by technological innovation, changes in the regulatory landscape, and global economic trends.

Hong Kong's stablecoin regulations could indirectly impact the broader DeFi ecosystem. Regulatory uncertainty and macroeconomic fluctuations continue to pose fundamental risks to the overall market. With no clear support levels established, close monitoring of recent price movements and key psychological price points is necessary.

Short-term (24-48 hours): Neutral technical indicators suggest a continued range-bound market lacking clear direction. Mid-term (1 week): If Ethereum shows signs of reversal or ETF-related developments boost market sentiment, PEPE could follow suit. Key catalysts to watch include the expansion of Bitcoin ETF options, oversold signals for ETH, and news regarding AI integrations.

The PEPE market currently exhibits neutral technical indicators, lacking a definitive directional bias. However, macro-level positive catalysts, such as the expansion of Bitcoin ETF options and oversold signals in Ethereum, hold the potential to provide a tailwind for the broader market. Furthermore, the integration of AI and the involvement of major tech firms in infrastructure investments bolster market credibility and support future growth potential. While the market bias remains neutral, further catalysts are necessary to establish a clear trend. Entry opportunities should be considered only after confirming clear signs of an uptrend on daily and 4-hour timeframes. Buys are recommended on price levels that decisively break above the recent range high. Stop-loss orders should be placed 5-10% below the entry price, factoring in PEPE's inherent volatility, to effectively limit downside risk. Take-profit targets should be set incrementally, adapting to market momentum, to progressively lock in gains. Key focus this week will be on BTC and ETH price action, particularly monitoring Ethereum's ability to sustain the $3,800-$3,900 support zone. Regarding PEPE, closely watch the immediate range high and key psychological support levels, while consistently prioritizing risk management. The cryptocurrency market is constantly evolving; approach it with a prudent strategy to capitalize on emerging opportunities.