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Famous trader: Bitcoin has completed a five-wave adjustment, and the structure indicates that a bottom may have formed

Famous trader Killa posted that Bitcoin's historical bear markets typically complete a 5-wave adjustment and form two significant peaks. The first peak often occurs after the initial major rebound following the top, known as the "complacency peak," where the market generally believes that the bull market has returned. Subsequently, prices usually continue to decline to new lows. He pointed out that similar structures appeared in the cycles of 2014, 2022, and 2026.After the complacency peak is formed, the market typically experiences a "dead cat bounce" and establishes a phase bottom; as market sentiment deteriorates and short positions concentrate, a short squeeze then drives the price rebound, with the final bottom usually forming after the second significant retest.Killa believes that BTC has currently swept through the bottom formed by the "dead cat bounce" and completed a 5-wave adjustment structure similar to previous cycles. From a structural perspective, the adjustment wave has ended, and the bottom may have already formed. However, he remains cautious about the time cycle. Previous bear markets typically lasted about 365 days before forming the final bottom, while this round, if the bottom has already appeared, has only lasted about 260 days, which is about 100 days earlier than the historical cycle. Currently, he maintains a 50-50 judgment, but compared to significantly making new lows, the likelihood of forming higher lows subsequently is greater.

Metaplanet Q2 acquired 2823 BTC, KWAV completely liquidated its Bitcoin holdings and fully shifted to AI

According to BBX data, yesterday, publicly listed companies in multiple countries around the world experienced extreme differentiation in their digital asset treasury strategies, with some engaging in "hardcore accumulation" and others opting for "complete liquidation." The latest movements in real asset balance sheet adjustments are as follows:Metaplanet spent $220 million to aggressively accumulate: Metaplanet Inc. (TSE: $3350) officially submitted documents to the Tokyo Stock Exchange yesterday, revealing that the company purchased a total of 2,823 bitcoins in the second quarter of 2026, paying approximately 3.589 billion yen (about $22.3 million), with an average price of about $78,835 per coin. This accumulation increased the company's total bitcoin holdings to 43,000 coins, with a total cost of approximately 659.26 billion yen (about $4.08 billion). CoinDesk confirmed on the same day that it recorded "bitcoin revenue generation" revenue in Q2, but due to a decline in coin prices, it dropped about 41% compared to the previous quarter.KWAV strategically reversed and completely liquidated: K Wave Media (NASDAQ: $KWAV) submitted a suspended registration document to the SEC on June 30, indicating that the company has completely exited the previously high-profile bitcoin treasury plan, liquidating all its bitcoin holdings. The company plans to redirect the maximum $250 million originally intended for purchasing bitcoins entirely towards AI data centers and GPU computing infrastructure. Along with the liquidation, K Wave Media announced plans to change its name to Talivar Technologies, fully abandoning the label that was once seen by the market as Asia's "bitcoin follower." Due to the significant drop in bitcoin from its peak of $126,000, which triggered a chain reaction, the company is currently considering executing a reverse stock split to meet Nasdaq's minimum listing maintenance requirements, hastily entering the capital-intensive AI sector.

The tech industry is experiencing a wave of AI-driven layoffs, with giants like Oracle and Amazon significantly reducing positions

According to the latest industry reports and corporate disclosure documents, the technology industry is experiencing a large-scale wave of layoffs driven by artificial intelligence (AI) in 2026. Despite several companies achieving record high revenues, major tech giants are intensively restructuring their organizational frameworks to reallocate funds towards AI infrastructure development and to enhance operational efficiency through AI. Data shows that in May of this year, the number of layoffs in the tech industry reached the highest monthly record in years, with AI being the core reason for the layoffs.On the execution level, several leading companies have implemented large-scale personnel reductions. Oracle's latest documents reveal that in the past 12 months, 21,000 employees (approximately 13% of the total workforce) have been laid off due to internal AI technology deployment. Amazon cut 16,000 corporate positions in January this year, with management expecting that the widespread application of generative AI will significantly reduce the demand for traditional roles. While Meta laid off about 8,000 employees, nearly 7,000 were reorganized into core AI business positions. Block significantly reduced its workforce by 4,000, nearly halving its total number of employees to adapt to the flattened operational model brought about by AI tools.Additionally, companies including Cisco (4,000 people), Intuit (3,000 people), Atlassian (1,600 people), Cloudflare (1,100 people), Snap (1,000 people), as well as Coinbase, Salesforce, and others have announced substantial layoff plans related to AI transformation this year. At the same time, although Google, Microsoft, and IBM have not disclosed specific total layoff numbers, they are also continuously advancing rolling job replacements and restructuring linked to AI strategies.
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