Solana 和 XRP 乘着特朗普、关税和 ETF 炒作的浪潮：深入探究

Bitcoin maxis say, “Never sell your Bitcoin.” They repeat it when the market crashes to urge people not to dump their BTC in a loss out of panic and fear. They repeat it when the price is going up because they believe that no matter how high the cost is in relation to previous levels, it is still negligible in comparison to the future levels. So if they never sell, why do they care about its price (oh, they do)? Table of ContentsThe message behind HODL“Never sell Bitcoin to whales”A man who claims he will never sell Bitcoin The message behind HODL The term “hodl” is one of the staples of hardcore bitcoiners. It is a misspelled word “hold.” The history behind the term captures the spirit of the “Never sell your Bitcoin” attitude pretty well.  The “hodl” term dates back to a 2013 thread on the Bitcointalk forum. The original post was written by a tipsy hobby investor using a GameKyuubi moniker. His message titled “I AM HODLING” was a rant perfectly lousily worded amidst the Bitcoin price downfall (and the OP’s untimely tiff with a girlfriend). In the message, GameKyuubi calls himself a bad trader and reveals he will hold Bitcoin instead of trying to time the market as good traders do.  “You only sell in a bear market if you are a good day trader or an illusioned noob.  The people in between hold.  In a zero-sum game such as this, traders can only take your money if you sell.” GameKyuubi’s post struck a nerve, and folks on the forum responded to it with multiple urges to HODL, a meme (and a term used until the present day) was born. 5/ That’s when GameKyuubi wrote his famous thread.💎 💎 💎 I AM HODLING 💎 💎 💎"BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY. It’s because I’m a bad trader and I KNOW I’M A BAD TRADER."He poured his soul out to the forums 🧡 pic.twitter.com/XPcsLEHRdH— The Bitcoin Historian (@pete_rizzo_) March 1, 2025 If we think about GameKyuubi’s message, we’ll see that he wasn’t against taking profits at all. He just didn’t know when to sell his bitcoins in exchange for fiat money, so he decided not to do that to avoid being “a bad trader.”  Many interpret the “Never sell Bitcoin” principle not literally. In one of the discussions on the topic on Reddit, many bitcoiners admitted that they just don’t exchange their bitcoins for dollars. Instead, they continue to buy more Bitcoin and hold it until they need a substantial amount of money. They may sell their BTC if they buy a car or make other costly purchases. Some spend their sats to pay their rent but leave the rest of the profits in Bitcoin and don’t plan to sell it. So, they think that it’s better to hold money in Bitcoin rather than in fiat money. Bitcoin is a savings currency for them, as they believe in Bitcoin’s long-term price appreciation. It’s understood that for these people, Bitcoin’s price is an important metric, even if they haven’t sold it for years. “Never sell Bitcoin to whales” Whales are the holders of large crypto bags worth millions. In the 2020s, the Bitcoin price trajectory became heavily influenced by whale transactions. The chart indicating the correlation between Bitcoin price and the number of transactions made by the wallets holding over 10,000 BTC looks almost like mountains reflected in the lake–whenever the amount of whales’ transactions goes up, the price goes down, and vice versa. These curves may seem inverted in relation to each other. If we take a closer look at the segment where GameKuubi writes, “In a zero-sum game […], traders can only take your money if you sell,” we may see the reflection of another popular motto: “Never sell your Bitcoin to whales.” Whales will buy your bitcoins at any price at any time. However, the chances you will be able to re-purchase what you sold are small as Bitcoin’s price keeps on moving up, and whales are not avid sellers.  Read more:Dormant whale awakens after 8 years, moves $250m worth of Bitcoin: Arkham A man who claims he will never sell Bitcoin Michael Saylor of Strategy is probably the most radical follower of the “Never sell your Bitcoin” creed. His company follows the “Bitcoin standard” and sells its shares and takes on debt while buying more and more Bitcoin. Strategy (formerly MicroStrategy) has been buying Bitcoin since 2020. It already holds over 500,000 BTC (over 2.5% of the total supply), and Saylor claims he will never sell Bitcoin. Once, he said that destroying the keys from the wallets with substantial amounts of Bitcoin was not a bad idea.  Saylor urges corporations and the U.S. government to use his blueprint and start accumulating Bitcoin. According to him, those who control the biggest share of the total 21,000,000 units of Bitcoin will have the most influence in the future.  This vision suggests that the price of Bitcoin is not as important as having as much bitcoin as possible (“we are still early,” “Bitcoin is still undervalued”). It is reflected in the randomly looking dates of Strategy’s purchases of huge amounts of Bitcoin, often on the “wrong” days when the price is high (for this, Saylor was even jokingly called “one of the worst crypto traders in modern history”). However, the price of Bitcoin is still important for the company as it affects the value of Strategy’s shares (MSTR) and the further planning of the Bitcoin-based strategy. According to Saylor, if the BTC price drops to $1, he will just buy all the bitcoins. Having one of the biggest stacks of bitcoins and having no intention to sell it draws broad philosophical questions like what it means to be rich. However, let’s leave it at this. You might also like:Media report Michael Saylor is going to burn his private keys as he dies. See what he actually said

Pi Network 的价格在周四暴跌，由于备受期待的主网发布令投资者失望，抛售压力在周五持续。 在主网启动后，Pi 币 (PI) 的价格一度飙升，但随后暴跌超过 50%，市值蒸发近 60 亿美元。根据 CoinMarketCap 的数据，该币的市值最初为 100 亿美元，随后跌至 41 亿美元。 Pi Network 价格暴跌与我们之前的分析一致。我们引用了先驱者的销售增加以及最近的空投如 Hamster Kombat 和 Wormhole 崩溃的事实。 值得考虑的 Pi Network 顶级竞争对手 值得考虑的一些 Pi Network 竞争对手或替代品是比特币 (BTC)、币安币 (BNB)、Polkadot (DOT) 和 Chainlink (LINK)。 你可能还喜欢：Pi Network mainnet launch is coming: will Pi coin rise or fall? Bitcoin Pi Network was designed as a potential alternative to Bitcoin, offering smart contract capabilities and an ecosystem of dApps. However, Bitcoin has historically been one of the best-performing cryptocurrencies, rising from below $1 in 2009 to $109,200 this year. Bitcoin has strong fundamentals. Its ETFs are seeing strong inflows, while Bitcoin exchange balances are falling. Also, as we wrote recently, it has formed a cup and handle pattern and a bullish flag that may push it higher over time. 币安币 BNB 是 Pi Network 的另一个值得考虑的竞争对手，因为它的基本面和技术指标强劲。它的生态系统正在扩大，支持 dApps，例如 PancakeSwap 和 Thena。就在最近，其 DEX 网络中处理的交易量超过了以太坊和 Solana。 它也具有很强的通货紧缩性，因为网络每季度都会销毁价值超过 10 亿美元的 BNB 代币。BNB 价格也形成了杯柄形态，短期内可能会将其推高至 1,000 美元以上。 BNB 价格图表 | 来源：crypto.news Chainlink  Chainlink is another leading alternative to Pi Network due to its strong market position. As the largest oracle network in the crypto industry, it provides essential services to major platforms like AAVE and Compound. Chainlink is also a big player in the Real World Asset tokenization industry through its Cross Chain Interoperability Protocol. CCIP is a protocol that facilitates communication and asset transfers across various blockchains.  The project has secured partnerships with major institutions, including Swift, UBS, ANZ, World Liberty Financial, and Coinbase. Additionally, there is growing speculation that the SEC may approve a spot LINK ETF later this year. You might also like:由于主网启动几率下降，Pi Network 价格面临暴跌 32％ 的风险 波尔卡圆点  Polkadot 是一个更具逆势的 Pi 币竞争对手，因为它的价格最近暴跌。其主要催化剂是正在进行的向 Polkadot 2.0 的过渡，这将引入对开发人员友好的功能。使用 Polkadot 2.0，人们无需经历漫长而昂贵的平行链拍卖即可在区块链上进行构建。 从技术角度来看，Polkadot 已经形成了四重底形态，这是一个众所周知的看涨指标。它也处于威科夫理论的积累阶段，这通常先于涨价阶段。这可能会将其价格推高至 50% 的回撤水平 30 美元，相当于比当前水平上涨 500%。 Polkadot 价格图表 | 来源：crypto.news

Lido 为以太坊提供的可定制质押设置 stVaults 即将登陆 Northstake，这是一个受监管的平台，为机构提供合规质押服务。 2 月 21 日，Northstake 宣布采用 Lido 产品，为交易所交易基金发行人带来 Lido 质押 ETH（stETH）流动性。 这为什么重要 Lido (LDO) 是以太坊生态系统中领先的流动性质押协议，而 Northstake 则提供了一个允许机构参与的验证者市场。 结合 Lido 最近推出的质押原语 stVaults，这将为机构在质押和使用 ETH 方面提供更大的灵活性。stVaults 专为机构合规性和效率而设计，使其成为可定制的质押解决方案。 Northstake 计划将定于今年晚些时候推出的 stVaults 整合到其验证者市场中。此次整合将为平台的做市商带来 stETH 的深度流动性，帮助他们结算验证者交易。 你可能还喜欢：P2P.org 加入 Northstake 的 ETH 验证器市场 Northstake 首席执行官兼创始人 Jesper Johansen 强调，整合 stVaults 将为机构释放 ETH 质押的全部潜力。 “机构质押解决方案需要不断发展，以满足规模、安全性和监管合规性的需求。我们计划将 Lido 的开创性 stVaults 纳入我们的 ETH 验证器市场，这将为质押服务树立新的标准，”Johansen 补充道。 Lido 在去中心化金融生态系统中的吸引力使其在流动性质押市场中占据主导地位。根据 DeFiLlama 的数据，Lido 的总锁定价值约为 260 亿美元。在 ETH 提现激活后，TVL 上升至 2024 年 3 月的近 400 亿美元。目前，Lido 占所有质押 ETH 价值的 25% 以上。 Lido DAO 贡献者 Kean Gilbert 表示，stVaults 的推出有可能将质押的渠道扩展到机构。该解决方案将提供一个开放的基础设施，关注 stETH 生态系统的建设者可以利用它来促进采用。 吉尔伯特表示：“作为以太坊上流动性最强、可组合性最强的质押代币，stETH 继续为广泛的整合提供坚实的基础。” 阅读更多：Lido eyes new era for ETH staking with v3 upgrade

Bitget 的最新透明度报告显示，该加密货币交易所共处理了 2.08 万亿美元的交易量，其中现货交易量大幅增长了近 160%。 在发送给 crypto.news 的新闻稿中，该加密货币交易所的现货交易量较上一季度增长了 159%，总额达到 3870 亿美元。随着新币上线以及平台新功能的推出，市场参与度不断提升，该平台现货交易量也随之大幅增长。 根据该公司的透明度报告，仅在2025年第一季度，该加密货币交易所在其主要CEX平台上的用户群就增加了489万，在Bitget钱包上增加了1500万用户。总体而言，该平台的全球用户数量超过1.2亿，与2024年第四季度相比增长了20%。用户可以在该平台的官方网站上访问完整报告。 另一方面，该平台的储备证明（Proof-of-Reserve）本季度也超过了130%的门槛。与此同时，Bitget将其保护基金增加了近2000万美元，从今年1月份的4.95亿美元增至3月份的5.14亿美元。此前，加密货币行业因黑客攻击损失了创纪录的21亿美元。 2025 年 4 月 14 日过去一小时交易中 Bitget 代币的价格走势图 | 来源：crypto.news 您可能还喜欢：Bitget 成为首家赞助 2025 年巴西保时捷杯车手的加密货币公司 截至发稿时，Bitget 代币 (BGB) 略微下跌了 2.48%。然而，过去一周，该代币的涨幅超过 10%，过去一年更是上涨了 273%。BGB 目前的交易价格为 4.27 美元。BGB 的市值为 51 亿美元，24 小时交易量超过 1 亿美元。 Bitget首席执行官Gracy Chen强调了适应市场波动和加密货币格局变化的重要性。她认为用户和交易量的大幅增长体现了平台的持续增长，并为未来的更多创新铺平了道路。 陈先生表示：“下一季度，我们将继续专注于机构级基础设施，并通过我们的生态系统加倍努力扩大其 Web3 影响力。”他补充说，由于该平台旨在应对全球监管，合规性也将是一个重点。 最近，Bitget 在 2025 年第一个季度的销毁中，根据其最近更新的销毁机制销毁了超过 3000 万 BGB。新的销毁机制根据链上效用来确定销毁的代币数量。 阅读更多：Bitget 计划在新的季度机制下销毁价值 1.2 亿美元的 BGB

Bitcoin is showing renewed strength as on-chain data and macro conditions align to support a bullish outlook.  According to a May 13 post on the Bitfinex Alpha blog, the realized market cap of Bitcoin (BTC) has reached $889 billion after rising 2.1% in the past 30 days. The realized cap values each coin at the price at which it was last moved, unlike the regular market cap, which multiplies the current price by the total supply.  This approach better captures ongoing buying interest and more accurately represents the actual capital that has entered the market. Spot exchange-traded funds activity reflects that inflow. Net inflows into Bitcoin ETFs have exceeded $920 million over the last two weeks, indicating strong institutional interest. Meanwhile, on-chain data shows taht the number of coins held at a loss has drastically decreased, and over 3 million BTC have returned to profit territory. These changes suggest that market sentiment has improved and that sell-side pressure has decreased. You might also like:Falling Bitcoin dominance suggests altcoin season might be coming: MEXC COO After dropping 32% from its record high set earlier in this year, Bitcoin has made a strong comeback, regaining the $100,000 mark for the first time in more than three months. Bitfinex analysts credit the rally to a cooling of international trade tensions and the Federal Reserve’s more dovish stance. While broader risk markets have responded favorably to this macro backdrop, Bitcoin has outperformed equities, further confirming its status as a high-conviction asset for many investors. On the policy front, the U.S. continues to struggle with digital asset legislation. A key crypto bill, the Genius Act, failed in the Senate by a narrow vote, reflecting continued division on how to regulate the space. States like New Hampshire, on the other hand, are making progress with new legislation that permits investment in digital assets like Bitcoin.  All things considered, Bitcoin’s increasing realized cap and growing institutional presence suggest that this rally has deeper roots than many others and may still have room to grow. Read more:Tether adds 4,812 Bitcoin into Twenty One Capital’s treasury ahead of public listing