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Mike McClain's latest outlook is making headlines. He points out that with the increasing risk of a U.S. recession, Bitcoin could drop to $10k. Since the current BTC price is in the $73,000 range, that's a significant downside scenario.
During economic downturns, there's indeed a tendency to flee risky assets, so it's not an impossible idea. However, such predictions often miss the mark, and how the market will react is another matter. It all depends on future economic indicators and the Federal Reserve's actions.
In any case, paying attention to insights from industry prominent analysts like

Recently, I noticed that the U.S. bond market has been moving significantly due to the escalating tensions in Iran. I think this is a very important topic regarding what it means for the cryptocurrency market.
Over the past few months, as the Iran conflict continues, U.S. Treasury yields have surged sharply. The 10-year government bond yield has risen to 4.37%, and swap spreads have reached around 50 basis points. This indicates that the cost of funding for the U.S. government is beginning to increase.
Market participants point out that if the swap spread exceeds 60 basis points or the 10-year

During the time when news related to Trump caused significant market movement, it seems that an investor made a profit of $2.5 million in just a few hours. In situations where the market is highly volatile, there are people who can make such large profits. $2.5 million is a substantial amount, but depending on timing and position, these kinds of things can happen. Recent news related to Trump has been shaking the market significantly, so those who bet on it have succeeded. Markets that move sharply in short-term trading can be opportunities for those who are prepared.

The regulation of prediction markets is finally starting to take shape. Recently, senators have been proposing bans on betting related to war and death, which could have a significant impact on the entire prediction market industry.
These kinds of developments are actually quite important, as they indicate how regulatory authorities view the category of prediction markets itself. What senators are particularly concerned about is the potential for ethically problematic bets to be left unchecked. When it comes to prediction markets involving war and human lives, regulators are naturally paying c

A ruling has been issued by the appellate court regarding Nevada's prediction market Kalshi. The temporary ban has been approved, drawing attention in the market.
Let's revisit what this ruling actually means. Kalshi is a platform specialized in political and economic predictions, allowing users to make forecasts on various event outcomes. However, there has been ongoing legal conflict with regulatory authorities.
The approval of the temporary ban at this timing indicates that the regulators' claims have been somewhat acknowledged. It is also possible that this case will serve as a reference f

Recently, large Bitcoin investors have become more defensive, which is concerning. Looking at Deribit data, ETF holders and corporate finance departments are heavily buying put options below $60k. Essentially, this means they are heavily hedging against the risk of Bitcoin falling in price.
Unsettled positions in $60k puts have reached an astonishing $1.5 billion, the highest level across Deribit's entire options market. Long-term investors holding these as perpetual assets are preparing for a significant downturn, which indicates that market sentiment has become quite cautious. About 1.26 mil

I’ve been looking for coffee grounds for a while now, but the flavor is completely different depending on the brand. Even with the same recommended coffee grounds, the roast level and grind size can completely change the impression. I tried some from well-known brands like Starbucks and MUJI, and I’m sharing what I noticed.
Personally, the most impressive to me was Ogawa Coffee’s organic coffee. It’s characterized by fruity, vibrant acidity, and the taste remains even after 1 week from opening. It’s really recommended for people who like acidity. I also tried MUJI’s “Dark Taste,” but this one

Recently, I have been concerned about scams in cryptocurrency. In particular, I’ve been seeing the term "rug pull" more and more, and it’s really causing a lot of investors trouble.
In simple terms, a rug pull is a scam scheme where the development team raises funds from investors and then suddenly abandons the project and disappears. It’s like participating in a fun game at a party, only for the host to take everyone’s money and vanish just before victory. Since the DeFi market is an unregulated area, these malicious acts continue to happen.
The reason such things occur is because scammers us

Seeing Bitcoin drop into the $71,000 range really makes me realize how important the $85,000 support level was. There was analysis suggesting that breaking this level would lead to increased selling pressure, and it seems like that's exactly what's happening now.
Watching it decline by nearly 2.4% in 24 hours, market sentiment must be quite bearish. I believe wise decision-making involves observing how well these key support levels hold. Once this level is broken, the risk of further decline toward the next support increases.
In the short term, selling pressure may continue, but it's crucial t

Regarding the next steps for SportFi, on-chain market development based on match results is attracting attention.
The stance of media outlets reporting on this area is actually quite complex. For media like CoinDesk that cover the crypto industry, maintaining editorial independence and transparency is crucial. They adopt strict editorial policies aimed at ensuring integrity and freedom from bias.
By the way, transparency in such major media also relates to their employee compensation structures. For example, Bullish (NYSE: BLSH), the parent company of CoinDesk, provides digital asset platforms

Recently, when I looked at Deribit's data, I noticed that Bitcoin ETF holders and treasury companies are showing quite a defensive stance. They seem to be steadily building strategies in preparation for scenarios where Bitcoin drops below $60,000.
If institutional investors are taking these kinds of actions, it probably indicates that market participants are increasingly concerned about downside risk. They are preparing to adjust their positions and hedge accordingly.
Personally, I think these large-scale defensive moves reflect the overall market sentiment. The fact that they are strengthenin

When the geopolitical tensions between the United States and Iran escalated, Hyperliquid's crude oil-linked futures showed an interesting reaction. It rose nearly 5% in just a few hours. During such times, looking at the crude oil price chart reveals how sensitive the derivative market can be.
This movement is a classic risk-on market. When geopolitical shocks occur, traders immediately focus on energy-related futures. It's fascinating that even on decentralized platforms like Hyperliquid, you can see price movements that mirror those of centralized markets' crude oil charts.
Although these su

Recently, while the overall market remains in high-price territory, cryptocurrencies have yet to show a full-scale move. Although the stock market continues to hit new all-time highs, Bitcoin and Ethereum remain relatively weak.
What exactly is a cryptocurrency short? It’s a strategy aimed at profiting during market downturns, but in the current environment, many traders still hold bearish positions online. However, interesting changes are now occurring.
Looking at the macro environment, unemployment reports slightly exceeded expectations, and the rate cut expectations from the January FOMC me

It looks like Bitcoin has broken through the 50-day moving average. When I looked at the chart this morning, I could clearly see the upward trend accelerating.
The commonly used settings for moving averages are the 20-day, 50-day, and 200-day lines, but breaking above the 50-day line is a pretty important signal. It suggests a shift in the short- to medium-term trend. Currently, BTC is trading around 71.68K.
For technical analysis, a recommended approach is to combine multiple moving averages. Looking at the relationship between the 50-day and 200-day lines makes it easier to judge how long th

I've been hearing a lot lately about the increasing risk of an American recession, and I think this could significantly impact Bitcoin as well. Among market participants, it seems the scenario of the U.S. economy worsening is becoming more plausible.
What I'm curious about is how far Bitcoin might fall in such a situation. If the U.S. recession intensifies, some are suggesting it could drop to around $10k. Since Bitcoin is currently in the $70k range, that would be a substantial decline from here.
The more concerns about an American recession grow, the more likely it is that capital will flow

When I look at recent Bitcoin price movements, I think a somewhat interesting phenomenon is happening. Despite the Middle East conflict driving oil prices to surge to over 100 dollars, BTC remains almost flat around 73.6K. Normally, in times of crisis, crypto assets would likely be sold off too.
The background to this is actually the U.S. energy strategy（表現として）. As JPMorgan’s strategists point out, the U.S. has no substantial exposure to Iranian oil. Its imports are mainly from Canada and Mexico, with only 4% coming from Saudi Arabia. In fact, it is now positioned as the world’s largest net cr

It seems that JP Morgan has revised upward its outlook on Bitcoin mining-related stocks. Influenced by the market rally in January, it looks like the stock prices of mining companies are moving.
Movements in hash rate, which affect the efficiency of Bitcoin mining, and changes in electricity costs are probably key points of interest for institutional investors. During periods when mining difficulty increases, how to maintain hash rate directly impacts the management decisions of mining companies. The fact that major players like JP Morgan are paying attention to the mining sector suggests ther

Bitcoin has been dropping quite a bit lately. It seems to have fallen to around $85,200, the lowest since 2026. Looking at the trend since the beginning of the year, it's a significant decline.
What's interesting is that gold is also falling in tandem. Just until recently, gold prices had been rising sharply, but now they've reversed. It feels like both risk assets and safe assets are wavering, and the entire market is entering a correction phase.
Additionally, it seems that Microsoft is dragging down the Nasdaq. Concerns over tech company earnings and performance are emerging, and tech stocks

Tracking Bitcoin's movements, it's interesting to see that the average acquisition price range of investors as of 2023 is still being considered. Focusing on the price ranges of those who bought during that period, a trend of decreasing volatility is becoming apparent.
Compared to past cycle patterns, it feels like investors' behavior has become much more rational this time. Panic selling is less common, and sharp surges and drops are not as extreme as before. The market may be maturing.
Especially since institutional investors have entered, I feel the nature of volatility has changed. It's mo