Emerging 'Cockroaches' in TradFi Sting Bitcoin, but Fed Response Could Be Bullish

[ETFs and Financial Companies Hold Over $200 Billion in Bitcoin] ETFs and financial companies collectively hold over $200 billion in Bitcoin, demonstrating institutional investors' continued interest in cryptocurrencies. (Cointelegraph)

**[Important Domestic and International News Overview]** **Domestic News:** - The Ministry of Commerce responds to the China-U.S. economic and trade talks and U.S. measures to suppress China. - Cao Dewang resigns as Chairman of Fuyao Glass, Cao Hui takes over. - Shanghai Gold Exchange strengthens market risk control. - The State Administration for Market Regulation suggests food delivery platforms label businesses with "no dine-in" services. - The Ministry of Foreign Affairs opposes the U.S. linking China's purchase of Russian oil to trade negotiations. **International News:** - Russian and U.S. presidents hold a two-hour phone call; Trump plans to meet with Putin. - The Chief of Staff of the Houthi armed forces killed in an Israeli airstrike. - French government passes a vote of no confidence motion. - Federal Reserve officials discuss rate cut paths and stablecoin regulation. - Spot gold and silver hit record highs, U.S. Treasury yields decline, and U.S. bank stocks lose over $100 billion in market value.

The current 1-hour cycle shows that the membership indicator has captured a double bottom RSI pattern, combined with KDJ golden cross and oversold signals, indicating that the price may form a short-term bottom near $3826. The distribution of chips shows that the area below $3817- $3844 is a strong support zone, with recent trading volume extremely shrinking to 39.9% of the average level. Market interest has weakened, but the proportion of buying orders is still high, and further exploration space is limited. Technically speaking, both EMA24 and EMA52 are trending downwards, with slopes of -0.91% and -0.56%, respectively. The medium to long term trend is bearish, but the current K-line bottom pattern is evident, coupled with a hammer line reversal signal, indicating a high probability of short-term upward movement. Pay attention to the resistance level of $4002, if the volume breaks through, it will open up upward space. Open a membership to access real-time RSI double bottom and chip support data, accurately capturing rebound opportunities! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.

Bitget ICP/USDT's perpetual trading volume surged 9 times within 10 minutes, with a turnover of 3.67 million US dollars in the past 24 hours, a decrease of 5.41% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[U.S. Credit Crisis Worsens, Bank Stocks Lose Over $100 Billion in Market Value] Concerns over the U.S. credit crisis are intensifying as Zions Bank and Western Union Bank disclosed tens of millions of dollars in loan fraud losses, involving problematic commercial mortgage loans. The recent bankruptcy of subprime auto loan provider Tricolor Holdings and the collapse of First Brands Group have further fueled market panic. On Thursday, the market value of the 74 largest banks in the U.S. evaporated by over $100 billion, sparking Wall Street's doubts about laissez-faire capital policies.