【February 24th Market Information and Data Analysis】

1. Tariff uncertainty has resurfaced, with options market betting on downside risks for #BTC ;

2. #AI impacts traditional business models, IBM plummets by 11%, and the crypto market declines simultaneously;

3. Market speculation enthusiasm cools, with the total open positions for Bitcoin contracts hitting a new low since August last year;

4. Institutions forecast a significant investigation raising speculation: involving insider trading of the "most profitable crypto companies", predicting market and #TRUMP related projects face named doubts.

Currently, the market is facing dual pressures. On one hand, trade policies are experiencing new uncertainties, exacerbating macroeconomic uncertainty; on the other hand, a hypothetical research report about artificial intelligence potentially triggering a "global intelligence crisis" in 2028 is widely circulated on Wall Street, raising deep concerns about white-collar employment and the credit system. This directly impacts the stock market, especially the technology and financial sectors, and drives funds towards traditional safe-haven assets such as government bonds and gold.

This strong risk-averse sentiment poses direct pressure on the crypto market. The Bitcoin options market shows that traders are actively buying put options to hedge against downside risks, while the open positions in the futures market and the stablecoin reserves of exchanges have significantly shrunk. This clearly indicates that leveraged funds and speculative enthusiasm are retreating, and overall market participation is cooling. For Bitcoin, facing the dual pressure of suppressed macro risk appetite and ongoing tightening liquidity, it will continue to be under pressure in the short term, and the market is preparing for possible further downward volatility.