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Huobi HTX Sixth Master: Huobi HTX Q1 sees counter-cyclical growth and will join hands with HTX DAO to build an open and collaborative crypto ecosystem

ChainCatcher news, Huobi HTX spokesperson and HTX DAO ambassador Molly (Huobi HTX Liu Ye) was invited to attend the "2025 HTX DAO Confidence Journey - Dubai Whale Night." At the event, Molly shared the latest achievements and future development plans of Huobi HTX and HTX DAO. She pointed out that Huobi HTX continues to lead in the global trading ecosystem, being the only platform among the Top 10 exchanges in the first quarter to achieve growth in spot trading volume, with a cumulative registered user base exceeding 50 million and a net inflow amount increasing by as much as 210% quarter-on-quarter, while maintaining a reserve ratio of over 100%. In her view, the remarkable achievements of Huobi HTX are attributed to the platform's ongoing efforts in safety transparency and market sensitivity.In addition, she further stated that in the future, Huobi HTX will deepen its strategic cooperation with HTX DAO to collaboratively empower sustainable ecological development. Through the DAO's voting mechanism, community members can widely participate in key aspects such as platform governance and new asset listing decisions, ensuring that the decision-making process is more open, transparent, and democratic. At the same time, Huobi HTX will continue to optimize in areas such as security assurance, trading experience, quality asset introduction, and product innovation, continuously enhancing the platform's overall competitiveness. Through the organic combination of centralization and decentralization, Huobi HTX and HTX DAO will jointly promote ecological prosperity, creating a more open, co-built, and shared crypto world.

CryptoQuant CEO: The Bitcoin bull market cycle has ended, and it usually takes about six months to reverse

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the Bitcoin bull market cycle has ended, for the following reasons:There is a concept in on-chain data called realized market cap. It works as follows: when BTC enters a blockchain wallet, it is considered a "buy," and when it leaves, it is considered a "sell." Using this idea, the average cost basis of each wallet can be estimated by multiplying it by the amount of BTC held, resulting in the total realized market cap, which is generally seen as the total capital that has entered the Bitcoin market through actual on-chain activity, while the market cap is based on the latest trading prices on exchanges.When selling pressure is low, even small purchases can drive up the price, thereby increasing the market cap. Strategy has taken advantage of this by issuing convertible bonds and using the proceeds to buy Bitcoin, resulting in the book value of their held Bitcoin growing far beyond the actual capital invested. However, when selling pressure is high, even large purchases cannot change the price; for example, when the Bitcoin trading price approaches $100,000, the market trading volume is huge, but the price hardly changes.The realized market cap shows how much actual money has entered the market, while the market cap reflects how prices respond. If the realized market cap is growing but the market cap is stagnant or declining, it indicates that capital is flowing in, but prices are not rising—this is a typical bearish signal. On the other hand, if the realized market cap is flat while the market cap soars, it suggests that even a small amount of new capital is pushing prices up—this is a bullish signal. What we are currently seeing is the former, where capital is entering the market, but prices are not responding, which is a typical characteristic of a bear market.In short: when small capital drives prices up, it is a bull market. When large capital cannot push prices up, it is a bear market. Current data clearly points to the latter. Selling pressure could ease at any time, but historically, a true reversal takes at least six months—therefore, a short-term rebound seems unlikely.
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