Jack Mallers, CEO of Twenty One Capital, predicts that the value of Bitcoin could rise 200 times, targeting a global savings market of 400-500 trillion dollars. Given that Bitcoin is currently valued at only 2 trillion dollars, he believes it has enormous growth potential as it attracts wealth preservation demand. Influenced by the Fed's interest rate cuts, Bitcoin's recent trading price is about $116,700, with a pump of 0.7%. Mallers' company holds 43,514 Bitcoins, worth $5.04 billion, and adopts a conservative strategy to cope with market fluctuations.

🚨 🚨 🚨 432 #BTC# (50,865,578 USD) transferred from Coinbase Institutional to unknown wallet

Interest rate cuts are implemented, how should the market respond? The interest rate cut event has landed heavily, and everything has returned to calm. Before the rate cut, there was a public position of 117,000 short, which dropped to around 114,600, a solid 2,300 points. Currently, Bitcoin has returned above 117,500, creating a situation where both long and short positions are being washed out. Either you get washed out or take a big bite of the meat; further dispute over long or short positions is meaningless. Currently, after the biggest news of the month, Bitcoin has returned to range-bound fluctuations. The upper pressure is concentrated in the 118500 area, and the lower support is in the 114400 area. Currently, Bitcoin is fluctuating at a high level with a slightly strong short-term trend, but it is not a reversal. At the same time, the bullish energy has been released, so it is not advisable to chase the rise excessively. In the short term, it should be treated as a range. In the early morning suggestion, Bitcoin rebounded to 117,850, short around 118,500, first look at the 116,000 area, after it declines and stops falling, then consider going long, if it breaks the target position, you can continue to look down. Ethereum suggests to short near 4630 and 4650 during the rebound, initially looking at 4550-4500. If it breaks through, continue to look down; if it doesn't break, consider going long.