Welcome to the Euro Star Planet! Hello everyone, this is Teacher Zhu. Not chasing trends, not making calls, focusing on macro logic + project research + on-chain real data. In Euro Star Planet, I mainly share: 🧠 Bull and bear cycles and market structure analysis 🔍 In-depth breakdown of potential projects 📊 On-chain data + sentiment analysis ⚠️ Risk warnings, more important than making money If you also: ✔ Don't like mindless bullish calls ✔ Want to see long-term logic instead of tenfold gains in a day ✔ Hope to survive longer in this market Currently, Euro Star Planet is just getting started, and we are open to KOLs and VIP users. We can follow each other and evolve together 🤝 👉 Friends who have already followed, drop a comment in the section, and I will definitely follow back! $BTC

The US stock market crashed 4% on Friday, which is rare. Many people say the US stock market is going to crash. Next week SpaceX is going public, so funds are being pulled out to prepare for buying. What other reason could there be? $BTC

ZEC has dropped to zero, and the founder said it can be infinitely issued. It fell 50% in one day. For a project with a market cap of 10 billion, such a drop is a huge blow to the crypto community. Ethereum hit a new low. Are we really entering a deep bear market? $ZEC

Just follow the upstream and downstream supply chain of Nvidia, and you'll find it easily. All these stocks have taken off. $NVDA

This old black guy is not a good person. Today he announced he cleared out ZEC, and as a result, ZEC plummeted 30%. Yesterday he said he cleared out near and HYPE, and these two also crashed. He marketed heavily when buying, and when selling, he said he treated everyone as liquidity. #HYPE：Grayscale ETF launched today, institutions are accumulating from multiple channels $ZEC $NEAR

AHR999 has once again reached 0.32, 0.3 is almost the historical low point, BTC starting with 61, ETH starting with 18—if you don't buy, what are you doing in the crypto space? #美国首个合规BTC永续期货正式上线 $BTC

This drop is mainly due to this news: Trump is going to raise tariffs again, adding 12.5% on China, Japan, India, and South Korea. The US stock market also fell. Trump, please stop causing trouble. It's fine to push the US stock market to new highs, but the crypto community can't hold on. $BTC $ETH

There is already buying pressure here, with huge volume, quickly pulling back to see if it can hold, not a big problem. $BTC #美国首个合规BTC永续期货正式上线

How crazy AI is now, Elon Musk is hiring Chinese people to train grok, no fixed hours, 10 hours per week, hourly wage $35-45, everyone hurry up and make money 😂 $BTC $ETH $TSLA

Is MicroStrategy becoming Bitcoin's biggest "stumbling block"? Bitcoin has been dropping sharply these past couple of days. On June 1st, BTC fell from 73,000 to 70,000, and on June 2nd it dropped from 71,000 to a low of 66,000, a decline of 6%. From the peak of 82,000, it has already dropped 20%. Yesterday, BTC's decline was very smooth; recently, BTC has been falling very smoothly with no resistance at all. As shown in the chart below, this situation definitely means there is a large volume of sell orders hitting the market, no doubt about it. Moreover, since May 25th, after BTC dropped from 77,000, there has been almost no decent rebound. Here are my thoughts: 1. I didn't expect BTC to fall so smoothly without any resistance. Although MicroStrategy sold 32 BTC, I didn't expect such a strong market reaction. In my May 6th article "If a Whale Targets MicroStrategy, This Will Be an Open-Card Hunt," I said if an institution targets MicroStrategy, it would be bad. But after thinking more carefully, even if no institution targets MicroStrategy, it is still a "tumor" on BTC's decentralization path. Everyone knows MicroStrategy holds nearly 850,000 BTC, almost as many as the largest holder, "Satoshi Nakamoto." Once they start dumping, everyone else becomes their "bag holders"; if prices rise, everyone is "carrying the sedan chair" for them. So either way, it's not good. And generally, people have the mindset: "I'd rather not make money than carry your sedan chair!" Because people like to see others lose, not win! So as long as MicroStrategy stands, it acts like an "invisible mountain" weighing down the market. Some say ETFs also have large volumes. But you have to understand ETFs are bought and held by retail investors who can run or buy anytime; this is not the same as one institution holding a huge volume. MicroStrategy is one company holding such a large amount, and the boss can decide to sell or not. Think about the rumors before that "Satoshi's" account was reactivated, which caused market panic and caution. Bitcoin was born with a "decentralization mission," but now there is a mountain—MicroStrategy—whose size already impacts the market, which is very undemocratic. So in the future, I think for BTC to develop, MicroStrategy must fall. When one whale falls, all life flourishes! This is definitely a "stumbling block." Imagine if "Satoshi" were still alive and occasionally spoke up, BTC probably wouldn't have risen to its current height! 2. Currently, the main market narrative is not on Bitcoin. The US stock market keeps hitting new highs, yet BTC is still falling against the trend. Looking at ETF outflows over the past 30 days, there have been outflows every day, with almost no inflows. About $5 billion has flowed out in 30 days. Right now, attention is on the US semiconductor sector. Yesterday I mentioned the Nvidia ecosystem; you can see recent gains, for example, Marvell up 20%-30% for two consecutive days, Coherent up 20%-30% for several days, Lumentum also doing well recently, not to mention storage companies like Micron and SanDisk. This definitely creates FOMO. US ETFs are basically retail investor behavior—if they don't chase the rise, do they chase the fall? So finally, does BTC still have a future? The answer is definitely yes. First, consensus remains; there are still many institutions, funds, and long-term investors who believe in Bitcoin. It's just that attention and capital enthusiasm are currently lacking. When this semiconductor rally tops out and consolidates, some funds may become fearful and withdraw. Then, if BTC falls cheap enough later, it could work out. Also, if MicroStrategy falls, that would be positive—short term might be negative, but long term definitely positive. However, if MicroStrategy falls, BTC might be bloodied heavily, which seems unlikely now. My recent insight is that market hotspots must be watched carefully. This AI mega-narrative won't just run a short distance; if you want to chase it, you have to chase it! Go fish where the fish are! $BTC $ETH #黄仁勋：Marvell冲击万亿市值

Bank of America data shows: Currently, the ratio of US financial assets (Wall Street) to GDP (real economy) has reached 6.5 times, setting a historical high. We are in an era of high financialization. Figure 2 shows that since the launch of ChatGPT, for every 1 dollar increase in the S&P 500 index, 70 cents have been driven by 41 AI stocks. $BTC $ETH