Ki Young Ju: Bitcoin's current bull market peak will be driven by global institutional and ETF demand

Coinbase CEO Brian Armstrong stated that just as the iPhone gave birth to companies such as Uber, TikTok, or Coinbase, tokenized assets on blockchain will also give rise to a group of financial enterprises that are currently unimaginable, built on the foundation of global access, stronger functionality, and 24/7 trading.

BitMine Chairman Tom Lee stated on CNBC that Nvidia's strong performance has driven up its stock price, and investors value the company's fundamentals. Software stocks such as Salesforce, CrowdStrike, and Okta have strengthened, reflecting market response to downstream AI transactions. For Meta, Amazon Alphabet、AMD、 AI related stocks such as Micron have shown weak performance, and Tom Lee believes that investors are selling other technology stocks to increase their holdings in Nvidia. Nvidia's profit expectations have been raised, with a shrinking P/E ratio and a lower current valuation. The construction of data centers has become a political issue in the midterm elections in the United States, and some states are considering suspending related projects, leading to a shift in funding towards AI downstream targets.

According to on chain analyst Ai Yi's monitoring, the address 0x90c... 888ac spent $1 million in the past hour to buy 12.25 million Niulai, driving the market value of Niulai to temporarily exceed $90 million; This address bought Bull 13 days ago and cleared the position at $0.03162 5 days ago.

On August 29th, a total of 23080 tokens were deployed on Robinhood Chain, of which 15957 were deployed on Pons V2, accounting for approximately 69.1%. During the same period, Flap, Long, and Bankr deployed 2109, 1805, and 1534 tokens respectively, while Trenched.today deployed 833 tokens.

According to GMGN data, trader Dayu has invested a total of approximately $161500 in PONS and Niu Lai positions, with a current position value of approximately $295000 and a total floating profit of approximately $203000. Among them, Dayu holds approximately 640600 PONS with an average cost of $0.089, and currently holds a value of approximately $173700 with a floating profit of approximately $137400; Simultaneously holding approximately 1.4 million bulls, with an average cost of $0.0413, the current holding value is about $121400, and the floating profit is about $65600.