believe

Du Jun from ABCDE Lianchuang stated that over the years of twists and turns, the crypto field has returned to the payment narrative in the Bitcoin white paper. He will continue to invest in the crypto field and still believes that blockchain will eventually reconstruct financial infrastructure.

According to Jinshi reports, the chart in the Federal Reserve's economic outlook shows that most FOMC participants believe there is a high level of uncertainty regarding the unemployment rate, with risks roughly balanced. Compared to the predictions in March, the current majority of participants believe the uncertainty is high, with risks tilted to the upside.

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin Sell-Side Risk Ratio (SSRR) entered the red zone for the first time when BTC dropped to $60,000, with the volume of losses exceeding the volume of profits, reflecting the deep pressure on holders. Historically, when this indicator enters the red zone, it often coincides with the formation of a bottom.Meanwhile, the CVDD valuation model shows that the structural bottom is around $48,300, a level that has almost never been closed below in Bitcoin's history. Currently, Bitcoin has rebounded to $66,000, and the smoothed SSRR has begun to turn upward. Analysts believe that $60,000 is a behavioral pressure zone, while $48,000 is the boundary for structural risk. The subsequent confirmation of recovery signals is when the smoothed SSRR exits the red zone and the price stabilizes above $60,000; the main risk is the emergence of new red signals at lower levels and testing the $48,000 support. Overall, the market is gradually shifting towards an accumulation pattern.

Most institutional investors believe that Bitcoin still has room for further decline, and the overall market sentiment is cautious. Macroeconomic uncertainty, tightening liquidity, ETF fund outflows, and the shift of funds towards areas like AI may still exert pressure on BTC prices. David Grider, a partner at Finality Capital, stated that the firm expects the market bottom in this cycle may not appear until the end of the third quarter or the beginning of the fourth quarter of 2026, and believes that Bitcoin may complete its bottoming process in the range of $45,000 to $55,000. Even among some investors who believe the market is close to the bottom, there is a general expectation of no strong rebound in the short term.Research shows that most funds are currently increasing cash positions, reducing directional risk exposure, and adopting more market-neutral, hedging, and derivative strategies to cope with volatility. Meanwhile, institutional funds continue to focus on fundamentally strong areas such as DeFi, AI, and tokenized assets, rather than purely allocating to Bitcoin. Institutions generally believe that the high interest rate environment, liquidity contraction, geopolitical risks, and the flow of funds towards growth sectors like AI are the main downside risks facing the current market. In addition, some funds have also identified the leverage financing model of Strategy and the development of quantum computing as emerging risk factors in this cycle.Regarding the year-end trend, the funds surveyed did not provide a Bitcoin target price above $100,000. Some institutions expect BTC to fluctuate in the range of $40,000 to $80,000 within the year and believe that improvements in interest rate cut expectations, a recovery in liquidity, and progress on the U.S. CLARITY Act may become important catalysts for market recovery.

According to Jinshi reports, U.S. Treasury Secretary Basant stated that he believes Federal Reserve Chairman Waller will take the right measures to balance inflation and growth.

According to GMGN data, the market capitalization of the SOL chain ecosystem token BELIEVE briefly surpassed 10 million USD, currently reported at 8.8 million USD, with an intraday increase of over 910%.

According to Jinshi reports, Federal Reserve Chairman Powell stated that there is no reason to believe that policy will tighten significantly.

According to Jinshi reports, Federal Reserve Chairman Powell stated that he does not believe the labor market is the source of inflation.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the number of people who believe the likelihood of interest rate hikes is about the same as that of interest rate cuts has increased.

Coinbase and Glassnode's latest global investor survey shows that over 70% of cryptocurrency investors believe Bitcoin is currently undervalued, with 82% of institutional investors and 70% of non-institutional investors thinking the market is in the "late bear market" or "value retracement phase." The survey covered a total of 91 global investors, including 29 institutions and 62 non-institutional investors.The data indicates that about 75% of institutional investors and 61% of non-institutional investors believe BTC is undervalued, with only a few respondents thinking the price is overvalued. On-chain data also signals a tendency towards the bottom area. CryptoQuant analyst Woominkyu's Bitcoin Combined Market Index (BCMI) recently rose from 0.26 to 0.37; this index combines MVRV, NUPL, SOPR, and market sentiment, and historically corresponds to a phase of deep undervaluation for Bitcoin. Additionally, the realized market cap ratio of short-term holders from 1 week to 1 month has dropped to 3.91%, close to the level when Bitcoin was around $27,000 in October 2023. Analysts believe this indicates a significant decline in market speculation activity, suggesting that Bitcoin may be entering a "value accumulation range."

A class action lawsuit accuses Believe founder Ben Pasternak of extracting $54 million in fees through the migration of Launchcoin. The lawsuit claims that the migration process had a two-week window, which led to the dilution of holders' tokens, and tokens that missed the deadline were permanently destroyed. Additionally, the related operations are alleged to involve insider-associated wallets.

According to Jinshi reports, U.S. President Trump stated in response to a reporter's question that the incident that occurred at the White House Correspondents' Association dinner that day was "completely shocking." He heard a noise but thought it was a tray falling to the ground."I was observing the situation at the time," he said, "but his wife reacted faster, seemingly realizing what was happening quickly." Trump expressed his hope to continue holding the dinner and promised to reschedule the dinner date as soon as possible.Trump stated that he had not received any briefings about threats before the dinner. He also mentioned previous assassination attempts against him and called on the American public to "resolve their differences." He noted that members of both parties condemned the related events that night. Trump also expressed gratitude to media personnel, stating that the media "acted very responsibly in their reporting."When asked if the shooting incident was related to the conflict with Iran, Trump said, "I don't think so."

Coinbase Institutional tweeted that its March market cycle survey shows that among institutional investors, 43% believe we are currently in the late bear market; among non-institutional investors (retail), 49% believe we are still in the bear market markdown phase.

According to public records from the New York Criminal Court, Believe founder Benjamin Pasternak was arrested on charges of second-degree extortion and assault, and is scheduled to appear in court on June 11.He was previously accused of being involved in a token withdrawal scheme that involved millions of dollars. The platform's native token BELIEVE is currently trading at approximately $0.00075, down over 99% from its historical high of $0.3569 set in 2025.

According to Jinshi reports, former U.S. Treasury Secretary Yellen stated that she still believes there is a possibility of interest rate cuts later this year; however, the fluctuations in oil prices caused by the Iran war have cast a shadow over the outlook. Yellen pointed out that this is a broad supply shock affecting multiple areas, including gasoline, liquefied natural gas, fertilizers, food, shipping costs, and semiconductors. While the possibility of raising interest rates cannot be ruled out, stable long-term inflation expectations suggest that this is unlikely to happen. She expects that there may be interest rate cuts by the end of this year.

According to market news, Pasternak, the founder of the Solana ecosystem application Believe, has been charged in a New York court for allegedly participating in a crypto rug pull scam.The incident involves the Solana public chain ecosystem and is suspected to be related to millions of dollars in losses. As the person in charge of the Believe project, Pasternak is accused of using the project to commit fraud, resulting in significant financial losses for investors. The case is currently under trial, and relevant details have not yet been fully disclosed.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that peace negotiations typically move from disagreement to consensus. The motivation for continued warfare among all parties is weakening under the current circumstances, and the conflict may gradually come to an end. "We still insist that the war will end; neither side has any reason to continue fighting. Waiting for a rebound without taking profits, the moment an agreement is reached will be a bullish signal."He pointed out that, from a medium to long-term perspective, the market is generally waiting for a potential large-scale financial crisis. There are signs of defensive positioning on the funding side, such as large capital holding a high proportion of cash and sovereign entities increasing their gold holdings. In this context, if a crisis occurs again, it will be a key moment to test whether Bitcoin possesses the attributes of a safe-haven asset, and it may also present significant opportunities for low-position allocations.In addition, Yi Lihua believes that AI technology is bringing a new round of opportunities for outstanding entrepreneurs. A small number of teams can create global products, reducing financing and organizational management costs. Especially experienced serial entrepreneurs should seize this "AI Age of Exploration."

According to Jinshi reports, the chart in the Federal Reserve's economic outlook shows that most FOMC participants believe that PCE inflation and core PCE inflation face high uncertainty, with risks tilted to the upside.

According to Jin Shi reports, the chart in the Federal Reserve's economic outlook shows that most FOMC participants believe that the uncertainty facing actual GDP is high, with a downward risk bias.