Market analyst Ali posted on platform X that Bitcoin is currently showing signs of "overheating." Data shows that the average realized profit margin for traders has risen to 17%, indicating that a large number of investors are in a significantly profitable state, and potential profit-taking pressure is increasing. The last time a similar situation occurred was in March 2022, when Bitcoin was testing the resistance level of the 200-day moving average, and the average profit margin also reached 17%. Subsequently, the market formed a phase top and re-entered a downward trend. This historical signal has appeared again, warranting high vigilance from the market.
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Expanded U.S. Treasury long-bond buybacks helped pull yields lower and supported a modest rebound in risk appetite, with the major indexes closing slightly higher. At the same time, Bitcoin briefly rose above $70,000 and lifted crypto-linked equities, while positive Phase 3 vaccine data from Merck and Moderna pushed healthcare and biotech stocks higher. SK Hynix’s large-scale buyback also kept attention on the storage cycle and AI-related demand. Markets are continuing to digest the relatively hawkish Fed minutes while positioning ahead of earnings from Alibaba and Walmart.



























Expanded U.S. Treasury long-bond buybacks helped pull yields lower and supported a modest rebound in risk appetite, with the major indexes closing slightly higher. At the same time, Bitcoin briefly rose above $70,000 and lifted crypto-linked equities, while positive Phase 3 vaccine data from Merck and Moderna pushed healthcare and biotech stocks higher. SK Hynix’s large-scale buyback also kept attention on the storage cycle and AI-related demand. Markets are continuing to digest the relatively hawkish Fed minutes while positioning ahead of earnings from Alibaba and Walmart.