FreedmanCrypto[互关版]

Today's biggest news: $BTC broke $80,000. To be honest, I didn't expect it. It was still hovering around $77 last night, and today it just took off. The reversal in US-Iran negotiations + news from the Strait of Hormuz hit the shorts hard. $104M in short positions got liquidated, completely wiped out. But what keeps me up at night is this: a big player opened a $40M short position. He's betting on a pullback. I look at the $80K figure, then at that short position, and I wonder—who's really swimming naked? What do you all think? Can $BTC hold $80K, or is it about to be slammed down by the big players?

Anthony Pompliano, the die-hard bull who has been saying "buy Bitcoin" for over a decade, actually publicly said "most cryptocurrencies are already dead." My first reaction was: Has his account been hacked? But after a closer look, oh, he’s serious. What’s the context behind old Pom’s statement? It’s that altcoins have generally dropped 80%-90% from their highs, the MEME coin craze is cooling off, many project teams have run away, and many tokens’ market caps have gone to zero. The conclusion is: most crypto assets have no real use case; they are just hype around consensus, and now that consensus is gone, they’re dead. I can’t refute this logic. But what really stunned me was another thing—the person who said "most cryptocurrencies are dead" is the same one who once shouted "every Bitcoin investor is a time traveler." What does the time traveler see now? The rocket he once rode mostly has empty seats. He’s actually saying something else: **Most people who speculated in crypto for five years, nothing really happened.** The bustling crypto scene is essentially a huge "Emperor’s New Clothes"—everyone is pretending to see something. So here’s the question— If "most cryptocurrencies are dead" is true, then what is it that allowed the few survivors to live on? Is it real users, real cash flow, real demand, or simply because the consensus around BTC/ETH is so strong that they can’t be knocked down? $BTC $ETH @OKX星球 What do you think? Or do you also feel that most coins are just air? #美国4月非农今夜公布：预期仅6.2万 #美伊交火：特朗普称停火仍有效

Lost $3000 just last night, woke up today to see $BTC break $79,600, and $ETH directly crash to $2,270. Honestly, I'm numb. On the surface, this drop looks like repeated disruptions from US-Iran negotiation news, but the deeper reason is that after $BTC consecutively broke several key supports, short-term holders have completely lost faith. But I noticed an interesting signal: the $ETH/BTC rate fell below the key support level of 0.0285 today. The last time this ratio broke this level was at the 2023 bear market bottom. You all know what happened afterward. Big money never sleeps. Last night, $300M worth of contracts were liquidated, retail investors are panicking, but they might be quietly positioning. My current thought is: if $BTC can hold the $78,000 level in the next few days without breaking, $ETH might rebound first, driving Altcoin rotation. Of course, it could also continue to slide. Do you think the $78,000 level can hold?

$2B options expiration, the long-short double kill scenario has begun 😄 No good news in the market today. $BTC has fallen below the $80,000 mark, which was originally a strong psychological support level. Now that it’s broken, sentiment can easily turn more fearful. What’s more intense is that today exactly $2B worth of BTC and ETH options expire — this scale is no joke, both longs and shorts have to settle, so volatility will only increase. Last night, $300M worth of futures longs were liquidated, and today it’s unclear who will be next. Then I saw Pomp’s post saying "most cryptocurrencies are already dead," and this article made headlines in several major media outlets. Sounds harsh, right? But if you look closely at his logic — he’s talking about worthless copycat coins going to zero, which actually isn’t bearish on BTC/ETH, but rather a cleanup. Considering today’s $2B options expiration, my judgment is: short-term volatility will intensify, but truly valuable coins will emerge after this reshuffle. Trash coins going to zero vs. mainstream coins oscillating — these two things can happen simultaneously. What are you still holding now? Share in the comments, let me see if there are any survivors 🫡 $BTC $ETH #美国4月非农今夜公布：预期仅6.2万

I'm feeling terrible before tonight's expiration. $2B worth of $BTC and $ETH options expire today simultaneously. It doesn't sound like much, but given the current market environment, the impact is much greater than it appears on the surface. Right now, $BTC is hanging around $80,277, with bulls and bears both grinding it out. News of a US military strike from the US-Iran front has brought geopolitical risk directly over the market. It was already tense enough, and now there's a $2B options expiration — a large number of contracts need to settle, and both sides are waiting for the other to break first. I checked my positions this afternoon; I still hold call options near $ETH 2300, but ETH has already dropped to $2,292. This is the curse of options expiration: you not only have to guess the direction but also the exact price point. The worst part is the max pain point — many retail investors buy options hoping for a big surge or crash, but market makers concentrate their harvesting at that painful level. $80K is a psychological barrier for BTC and currently the most fragile support. Today, with the $2B options expiration coinciding, my feeling is: volatility will increase tonight, either up or down, and the magnitude won't be small. Do you still have options in hand? Or have you already closed your positions early? Share in the comments; I want to see how many people are waiting for tonight's "massacre" like me 😄 $BTC $ETH #美国4月非农今夜公布：预期仅6.2万 #美伊交火：特朗普称停火仍有效 #在OKX交易美股：三大独角兽永续合约已上线

Eric Trump said something at Consensus 2026 that left me unsettled for a long time after reading it. The gist is: Wall Street's crypto shift has "just begun." Note, he used the phrase "just begun," not "in progress," nor "already completed." If someone else had said this, I might have just skimmed over it. But coming from Eric Trump, the feeling is completely different. A family deeply connected to the crypto world, with one side in the White House and the other at the Consensus venue, the weight of these words is entirely different. Also, has anyone noticed a detail: back in 2024, the Trump family was still being questioned on "whether they really support crypto." Now look, Goldman Sachs, Morgan Stanley, BlackRock, one by one, have all come in. What does this indicate? It shows that the legitimacy of crypto is no longer the issue. The question now is, after institutions come in, can retail investors still participate? The last time institutions entered on a large scale was the 2021 bull market. What happened? Most retail investors were left at the peak. This time, Eric Trump says "just begun." What do you think retail investors should do?

First time using OKX Wallet to mint Rats NFT on the Bitcoin chain, I almost thought my coins were gone Honestly, before minting, I had no clue about on-chain operations, didn’t even know what Gas fees were. Saw someone in the group sharing pictures of Rats NFT, thought it was pretty interesting, and since OKX Wallet supports the BTC chain, I figured I’d give it a try. But I got stuck right at the first step—when creating the wallet, I had to write down the mnemonic phrase, 12 words in order. After writing them down, my hands were shaking, afraid I’d misspell a letter. Finally got to the mint page, saw the Gas fee showing 0.00something BTC, had no idea how much USD that would cost. Decided to mint just one to test, it was only a few bucks anyway. When I clicked confirm, my phone froze for a moment, I kept refreshing like crazy, thinking the money was deducted but the mint failed. After about three minutes, the page showed "Minting in progress," and my heart was racing—anyone who’s been there knows that feeling. When that Rats NFT finally appeared in my collection, I breathed a huge sigh of relief, it felt even more thrilling than winning the lottery. 😄 Throughout the process, OKX Wallet didn’t let me down, it was just me, a newbie, who fell into several traps—backing up the mnemonic phrase, estimating Gas fees, confirming signatures, all first times. Looking back now, it’s actually pretty simple, but at the time I was terrified, always feeling that one wrong step would make my coins disappear. Have you ever had a similar experience? How did you feel the first time you minted an NFT? 👊

Checked the market before bed last night, BTC was still at $81K, woke up today and saw it at $79,737. Wow, the US directly took action against Iran, and with the noise around the Strait of Hormuz, BTC smashed through the $80K psychological barrier. $ETH isn’t doing much better, at $2,281, down 2.4%. Then I suddenly remembered—today, May 8th, there are **$2B worth of BTC and ETH options expiring**. What does this number mean? A large number of bearish options are below $80K, and BTC is currently stuck right around this level. Option traders probably won’t sleep well tonight. Honestly, the combo of geopolitical tension + options expiry makes short-term trading very difficult. The negative news hasn’t been fully priced in, and the options Gamma is concentrated at the $80K mark, so if it breaks up or down, volatility will be amplified. I’m more inclined to wait until after tonight’s options settlement to see the direction. If you’re eager to open a position, you can wait for the market to confirm the $79,500 support first. What do you think—will BTC rebound first tonight or continue to drop? Personally, I’m cautious but don’t rule out the possibility of the main players using the Iran news for one last shakeout.🤔 $BTC $ETH #Saylor拟出售BTC以支付股息 #美伊交火：特朗普称停火仍有效 #FOMC前瞻：BTC多头大举建仓

$TRX has become an outlier among altcoins today. BTC dropped 2%, ETH dropped 2.6%, DOGE dropped 4.8%—the entire market is in the red, yet TRX stubbornly holds at $0.351, up 2.04% in 24 hours. Why? One piece of news that most people haven’t noticed: the Moscow Exchange announced it will launch index products for TRX, SOL, XRP, and BNB on May 13. This is the first time a Russian national-level institution has included TRX in formal financial products. From a technical perspective: $0.34 is the recent support level, which has held today. Above that, $0.36 is the previous high resistance. If the news continues to gain traction, a breakout could form here. But be aware: this is essentially hype based on news expectations, not a sudden improvement in TRX’s fundamentals. Justin Sun is still facing lawsuits, and TRX’s compliance controversies have never stopped. Do you hold $TRX? Are you waiting for a $0.36 breakout to jump in, or do you think this kind of news-driven pump is unsustainable? Share your thoughts in the comments.

Today, the top ten mainstream coins by market cap are all showing red, but the differences in their declines are quite interesting. $DOGE dropped nearly 5%, the worst hit. $XRP, $BNB, and $ADA fell about 2.5%, which is within normal fluctuations. $BTC and $SOL dropped 2.2%, basically following the overall market. This $DOGE plunge almost coincides with Elon Musk's recent moves—his tweets alone can make this coin shake. On the other hand, after $SOL fell below $90, there was no panic selling; the support remains relatively stable. This indicates that the current market sentiment lacks the crash feeling from March and is more like short-term profit-taking followed by a wait-and-see approach. I sold all my DOGE today and will wait for it to stabilize before deciding whether to come back. It's not that I don't have confidence, but the short-term risk-reward ratio isn't favorable. Are you still holding DOGE now? What's your reasoning? 😄

Coinbase Q1 revenue missed expectations, DOGE leads the plunge, $0.106 can't hold anymore Just checked my account, and I'm feeling terrible. Coinbase released its Q1 earnings last night—revenue missed, net loss of $394M, and layoffs announced simultaneously, causing the stock to drop 4% immediately. I was hoping for an altcoin season, but Coinbase, a "legitimate crypto player," fell first, which hits confidence harder than any price drop. $DOGE is the worst off; Elon Musk hasn’t tweeted in the past couple of days, so no one knows what the DOGE whales are thinking. It dropped 4.5%—a crash out of nowhere. Now $0.106 is a psychological support level; if it breaks, $0.09 is next. The overall environment isn’t any better—there was another skirmish between the US and Iran in the Strait of Hormuz, and BTC is dragging the whole market down, hovering around $79,500 and could break at any moment. I’m afraid to move my altcoins now, reluctant to cut losses, but holding on is painful. It feels like the market is waiting for an excuse to crash; whoever runs first gets relief. How are you all holding up? For those still holding $DOGE, what’s your mindset now? Have you sold or bought more? Share in the comments; I want to see if I’m the only one struggling. #Coinbase-Q1净亏损近$4亿 #Saylor拟出售BTC以支付股息