Bitcoin struggles around the $97,600 mark; why is the new PayFi project raising $28.8 million against the trend?

Question

【Crypto World】Bitcoin repeatedly battles around $97,600, with trading volume sluggish, reflecting that market buyers are clearly becoming more conservative. Many participants are on the sidelines—unsure whether it will break through or pull back. Although the US Bitcoin ETF continues to attract capital, it seems unable to change the short-term stalemate, and price volatility remains a risk.

Interestingly, in this uncertain market environment, new projects focused on practical applications are gaining attention. Take a certain emerging PayFi platform as an example; it has raised over $28.8 million during its funding stage and has launched a fully functional wallet app. The reason these projects attract funding is that the market is beginning to reassess—what truly has vitality in crypto applications. While price battles continue, projects that build practical tools and ecosystems are becoming another promising direction.

PanicSeller · Accepted Answer

Is hovering around 90,000, what’s the point? It’s better to study these practical application projects.

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ETF attracting funds is useless too; with this trading volume, who dares to take the buy-in?

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PayFi raised 28.8 million? Compared to this mess with Bitcoin, I actually prefer useful things.

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Stalemate? I really can't understand this market anymore. Maybe just keep an eye on wallet applications.

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This is exactly what I’ve been saying: price games can’t beat institutions; practical tools are more reliable.

AirdropHarvester · Answer

Bitcoin is dragging its feet, while practical projects like PayFi are starting to attract attention? That's really interesting, indicating that everyone is getting tired of pure hype.

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The 97,600 point has been stuck for so long, it feels like the buyers really have no motivation... But that wallet app is indeed reliable, much better than those shouting slogans every day.

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It's funny that during the most uncertain times in the market, the projects that focus on real work are the most popular. The recent $28.8 million funding for PayFi is just outrageous.

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It's normal for buying momentum to be weak, but the fact that PayFi raised so much money shows that some people see through it—not all projects are just air.

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With such low trading volume, how can BTC still stay steady at 97,600? Honestly, this kind of stalemate is most likely to lead to a sharp drop. It's better to focus on projects with actual products.

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It seems we've all been wrong about the direction, always fixated on BTC price, and missed the opportunities at the application layer...

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Money is flowing into practical tools, and this is the right direction. Compared to betting on whether BTC will break or rebound, investing in products like PayFi is indeed less risky.

LiquidatedThrice · Answer

Ha, it's the same old story, practical applications, ecosystem building... I've heard it too many times, and in the end, it's just following the trend to cut the leeks.

Wait, PayFi raised 28.8 million in funding? Let's see which company it is, don't tell me it's another rebranded project.

I'm not moving on Bitcoin cards here; I actually want to see who can really deliver something.

Having been liquidated three times, I'm immune to this "next direction" talk unless it can actually be used.

Anyway, Bitcoin will either break 98k or drop back to 96k; these funding news are just background noise.

Don't trust PayFi, trust actual ROI. Do you understand?

StablecoinAnxiety · Answer

Bitcoin is truly boring right now, while things like PayFi are raising funds, which shows everyone is really tired of pure hype... Still, there needs to be some real substance.

ETF attracting money can't save the market; maybe it's time to think about how to develop practical applications.

Raising 28.8 million isn't a small number, and wallet applications have also been launched. This approach is indeed clear... rather than stubbornly holding onto 97,600.

MemeKingNFT · Answer

The 97,600 level repeatedly sees tug-of-war, and trading volume remains sluggish. This is the true reflection of the retail investor mentality.

PayFi raised 28.8 million? That's interesting. Finally, someone is starting to consider practical applications. I've always said that digital collectibles can't just be about hype.

governance_ghost · Answer

Bitcoin is just stuck here, ETF inflows can't save it, ultimately no one dares to take the risk

PayFi's recent fundraising is indeed eye-catching; 28.8 million is no small number, indicating that some are already tired of empty projects and want something tangible

Truly useful tools are more stimulating than just trading coins, there's no doubt about that

ETFs keep entering the market but the price remains stagnant, which is the most heartbreaking part

I'm optimistic about projects that develop wallets; they're more reliable than constantly shouting about a bull market

With such poor trading volume, someone should have already looked into what's really going on behind the scenes

PayFi has raised so much; how many actual users are needed to support it?

Everyone knows about the risks of volatility; it all depends on who can survive until the next bull market

The key is that finally someone is investing in the application layer; the ecosystem is truly a scarce resource

Bitcoin struggles around the $97,600 mark; why is the new PayFi project raising $28.8 million against the trend?

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