Zach Pandl: Many profitable blockchain applications have attractive P/E ratios

According to Bloomberg, the decline in Bitcoin has exposed market fragility, with retail buyers largely disappearing and institutional demand momentum weakening. According to Deutsche Bank AG data, investors are shifting towards AI related investments, causing institutional demand to lose momentum. Analyst Marion Laboure stated that marginal buyers are no longer retail investors, and investors have withdrawn $6 billion from Bitcoin ETFs. At present, the trading price of Bitcoin is lower than the average cost of Strategy by $75699, and the market is beginning to digest the possibility of leveraged company holders being forced to level off.

Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.

The token fell to about $59,000 before buyers stepped in, but the week's losses are steep across the board. A blowout Micron forecast lifted stocks and oil kept sliding, yet crypto did not follow.

Taiko has released a security incident update, confirming that there has been no loss of user funds. Currently, the bridge assets are in a state of insufficient collateral, and all supplementary collateral will be completed before the bridge reopens to ensure that user balances receive 1:1 support. Taiko CEO has submitted a formal report to the relevant departments in Singapore, and the team is cooperating to investigate the responsible parties.

According to Hyperinsight monitoring, Giant Whale shorted Micron Technology, SK Hynix, and DRAM Index, resulting in a total loss of 5.92 million US dollars due to the surge in the storage sector. Among them, MU has a scale of 7.26 million US dollars, an average price of 871 US dollars, and a floating loss of 2 million US dollars; SKHX has a scale of 15.3 million US dollars, an average price of 1461 US dollars, and a floating loss of 3.13 million US dollars; The DRAM scale is 4.37 million US dollars, with an average price of 63.4 US dollars and a floating loss of 790000 US dollars. The current prices of MU, SKHX, and DRAM are $1220, $1876, and $78.3, respectively. The average price for long positions in MU is $1066, while the average price for short positions is $894; The average long short price of SKHX is $1638; The average price for DRAM long positions is $68.5, while the average price for short positions is $72.1. The addresses 0x4c78... 2444 still maintain a biased null pattern.