AiCoin Daily Report (February 16)

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7 hours ago

1. Fidelity's Macro Director Claims Bitcoin Bear Market Bottom May Have Formed

Fidelity Global Macro Director Jurrien Timmer stated on the X platform that Bitcoin recently fell to $60,000, reaching the technical support area he predicted months ago, suggesting that the bear market bottom may have formed. He expects a new bull market cycle to start after a few months of consolidation, potentially reaching new highs. He pointed out that as Bitcoin matures, its volatility will decrease. The charts provided by Timmer show a correlation between Bitcoin prices and global money supply, indicating that $60,000 serves as a technical support level, and depict Bitcoin's historical waves from early $2, $24 to the peak of $64,000, while predicting its sixth wave target at $290,425 and outlining a long-term framework moving towards $1 million. He emphasized that if the cyclical patterns and adoption trends continue, Bitcoin may proceed along a structured maturation path.   -Original

2. Trump Supports Israeli Strike on Iran's Missile Program

U.S. President Trump informed Israeli Prime Minister Netanyahu that he would support an Israeli attack on Iran's ballistic missile program.   -Original

3. Probability of Federal Reserve Keeping Rates Unchanged in March Rises to 93%

Polymarket data shows that the probability of the Federal Reserve keeping rates unchanged in March has risen to 93%, while the probability of a 25 basis point cut has decreased to 7%, with related prediction event trading volumes reaching $117.8 million.   -Original

4. Brian Armstrong Says Coinbase Data Shows Retail Investors Increasing BTC and ETH Holdings

Brian Armstrong stated that Coinbase data shows retail users are increasing their holdings of Bitcoin and Ethereum, seizing the opportunity from price corrections.   -Original

5. He Yi Discusses Factors Influencing Cryptocurrency Prices and Keys to Long-Term Development

On February 15, He Yi responded to the so-called remarks by "former Binance head of listings Chase" about the short-term influence of liquidity, attention, and chip structure on cryptocurrency prices, stating that short-term prices are indeed greatly affected by these factors, but whether they can transcend cycles in the long term depends on factors such as income, empowerment, issuance, and destruction, for example, BTC, ETH, and BNB have already surpassed these short-term limitations. She believes the narrative in the crypto circle is dead, and practical efficiency is the key to future development.   -Original

6. Ethereum Falls Below $2000, Maji Reduces 625 ETH Long Positions

 

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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