Author: Deep Tide TechFlow
Good morning, esteemed BTC, ETH, SOL, XRP, ADA holders.
Has the month-long crypto bear market ended?
From accepting the downturn waterfall wash your face, to the market suddenly recovered, things just happen so suddenly.
Last night, U.S. President Trump posted a message on Truth Social that kept everyone awake — the United States will enhance the status of the cryptocurrency industry through the “Crypto Strategic Reserve,” and specifically mentioned that XRP, SOL, and ADA will be included in this strategic reserve.
In the post, Dong Wang mentioned again the phrase “ensure that the United States becomes the capital of the crypto world”. This easily aroused the expectations of the industry insiders, and it seems to have reignited the market enthusiasm for the United States.
It is worth noting that Trump’s attention to cryptocurrency reserves is not the first time he has raised it. Let me help you recall his series of actions:
In July 2024, Dong Wang proposed the idea of creating a national Bitcoin reserve at the Bitcoin 2024 conference, and continued to promote this agenda after being re-elected in November 2024.
In January 2025, he signed an executive order requiring an assessment of the possibility of establishing a national digital asset reserve. Therefore, today’s post may be understood as the continuation and concretization of this long-term plan.
This time, although there is no explicit reiteration of support for Bitcoin and Ethereum in the post (it’s already clear and doesn’t need to be reiterated), XRP, SOL, and ADA are included in the strategic reserve category for the first time.
The news quickly triggered a frenzy in the market. According to CMC data, the prices of related cryptocurrencies soared significantly in a short period of time:
Ripple (XRP) rose by 33%, Solana (SOL) rose by 22%, Cardano (ADA) surged by more than 60%. Bitcoin (BTC) and Ethereum (ETH) also rose by 8% and 11% respectively.
The total market value of the entire cryptocurrency market also surged by 300 billion U.S. dollars within a few hours, reversing the recent downward trend and reigniting expectations for the “crypto president” to rescue the cryptocurrency.
The flowing leeks, the iron-clad core circle
But the question is, have you made any money?
When Trump shouts, the most obvious thing is ADA soaring, while XRP’s FDV surpasses ETH.
But the question is, before Trump releases the news, are you brave enough to take the risk of continuing the bear market and the bad mood, and decisively overweight ADA or XRP, these old coins?
For the leeks, a classic scenario might be like this:
Playing contracts: the price is still there, but the position is gone. The violent fluctuations back and forth in the bear market may have already liquidated your leveraged position, leaving behind only the regret of “if only I had held on a little longer”.
Playing spot: prices are still there, capital has not returned. If you cut your losses during the downturn, the market may rebound but you may not have enough ammunition; or maybe you hold firm, but previous losses have not been recouped, so-called ‘resurrection’ is only a consolation on paper for you.
In the currency circle, the power of information is unmatched, but to truly seize the opportunity, it still depends on the core circle.
Just because you didn’t make money doesn’t mean a few people didn’t make money; those close to the inner circle may have already made money before this news came out.
For example, before Trump announced this good news yesterday, there were big shots on Hyperliquid who coincidentally and unusually went long on BTC and ETH with a very high 50x leverage;
Before the news came out, the big shot was almost liquidated due to the market price falling, floating in losses. But even in this situation, he added to his position midway and smiled to the end, exiting with a profit of $6.83 million.
Behind the big heart, or closer to the information gap at the core circle. It is not surprising that there are people on social media who are yin and yang or imply that the big bulls on Hyperliquid are very likely to come from the Trump family itself or related parties.
What can be certain is that the whale in this incident must know something that you don’t know, which is why it has a determination that you don’t have.
If the whale is in the dark, there is still a plan in the light.
For example, crypto tsar David Sacks, who revealed two years ago on a podcast program:
At the beginning of the year, SOL was $9, now it has increased by more than 10 times… Some online critics say we bought SOL at a discount and then dumped it to retail investors, which is baseless. Let me put it this way, those of us who still hold Solana are ecstatic.
Now, he is the White House’s Artificial Intelligence and Cryptocurrency Affairs Manager, infinitely close to the center of power, theoretically with infinite operational space.
After all, since the president has issued coins, can I slowly sell the SOL in my hand after it is unlocked at the beginning of the month, in conjunction with the positive news of the encryption summit on the 7th?
Unable to confirm, but also unable to deny.
However, it can also be certain that his probability of making money is higher than that of leeks.
So while browsing Chinese CT, you can see a popular self-deprecation:
I knew long ago that Trump would announce ETH as a strategic reserve, fortunately I bought it 4000 dollars earlier.
The flowing leeks, the iron-clad core circle. If you don’t know where the income comes from, then you are the income itself, regardless of whether the market is bearish or bullish.
When the market becomes a matter of a sentence, some are happy and some are worried.
When the market becomes a matter of a single sentence for President Trump, the entire currency circle is inevitably Americanized or politicized.
The president and the team, to some extent, represent centralization and hegemony; and the implicit meaning of centralization is that I just want to do it, and the market is just the recipient.
Questioning centralization, understanding centralization, becoming centralized.
Now, who doesn’t want to become the supreme power that influences asset prices? Who truly remembers the passionate cries for decentralization and the pursuit of financial freedom from the cypherpunks decades ago?
Driven by reality, the focus both inside and outside the industry has shifted from ideals to interests - whether positions are recovering and personal wealth is growing are the main concerns for most people. Idealism may have been a belief, but now it appears pale and powerless in the market fluctuations.
To put it simply, what everyone cares about is their own positions and development.
Upon the news release, Tomasz K. Stańczak, the Ethereum Core Developer, tweeted that due to the impact of the crypto strategic reserves, it is currently a brief opportunity to showcase the Ethereum ecosystem.
The fact that you have to rely on the President for a brief window of opportunity for the development of Ethereum clearly indicates that what you did before was not good enough.
Arthur Hayes said that talking about cryptocurrency reserves is just empty talk now, and the United States has no budget to increase its holdings of Bitcoin or altcoins; he remains bullish in the long term, but will not buy at the current level.
When the entire market is moved by one person, one sentence, and one document, this so-called ‘resurgence’ cannot be seen as a comprehensive benefit to the industry, but more like a zero-sum game: some people cheer, while others fall into a Shura field.
For leeks in the downstream industry, it seems that the goodness or badness of policies has never really changed their situation. Don’t believe it? Ask yourself:
What is your position? Is the floating profit unlocked, or is it still covered?
Has your status been elevated? Are you closer to the core circle?
If the answer is mostly “no”, then even if the market revives, you may only make a temporary floating profit.
When another black swan arrives, the sickle falls again, and profits are given back, you are very likely still not outperforming the market. History repeatedly proves that greed, fear, and the fear of missing out in human nature make it difficult for us to learn from past lessons.
My experience of loss tells me that instead of chasing the illusion of getting rich in the flood of information, it’s better to learn to accept my limitations - to let go of a heart that is both greedy and fearful, impulsive and hesitant.
Recognizing that you are easily influenced by KOLs and believing everything you hear is the first step towards maturity.
If you cannot accurately grasp the market rhythm, holding BTC (Bitcoin) may be a more prudent choice: although it may not bring dozens of times the floating profits of altcoins, one times the real profit can at least keep your investment standing in the market storms.
After all, in this industry full of uncertainties, prudence often triumphs over taking risks.
And you?
In the market frenzy sparked by a single word from Trump, are you the cheering winner, or the bystander in the battlefield? Perhaps, the answer has long been hidden in your position, the market, and your attitude towards yourself.
The charm of the crypto world lies in its unknown, but because of this, it tests the wisdom and determination of every participant.
