
baiyongshan
@baiyongshan
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Bitcoin Market Analysis (March 1)
The market is currently in the bottom-building phase
Miners' losses / ETF holdings floating losses / U.S. stock oversold rebound form a triple composite support
Coupled with growing expectations of Federal Reserve rate cuts,
Bitcoin is currently stabilizing at $84,000, having deeply retraced to $78,000 yesterday, precisely aligning with the target of the diamond structure theory.
Technical analysis shows two paths: if it holds the $78,000 support, it will trigger the main upward wave; a second pullback requires attention to the critical $73,500 defense line. The medium- to long-term bullish logic remains unchanged. The first target for a short-term rebound is $92,000, 2 replies
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Project Introduction:
RedStone, launched in 2020, focuses on modular, low-cost data services and surged to a TVS of 4 billion USD by early 2025, skyrocketing 6000% year-over-year. Spearheaded by a Polish team.
Core Highlights:
Technical Hardcore: Modular architecture + off-chain storage (Arweave), gas fees slashed to the floor, supporting 70+ chains (covering everything from Ethereum to TON), on-demand data on-chain, efficiency maxed out.
Ecosystem Leverage: 130+ DeFi projects integrated (Pendle, Aave GHO, etc.), plus pioneering AVS on EigenLayer, backed by an 18 billion restaking market cap, with security and narrative both on point.
Capital Backing: Supported by Coinbase Ventures and Kraken Ventures, secured 22.5 million USD in funding, Binance Launchpool’s 64th project RED token just went live, generating solid buzz. 1 reply
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