FreedmanCrypto[互关版]

This afternoon, news came from South Korea that the Samsung union officially announced the breakdown of negotiations, and the strike plan remains unchanged, scheduled to start on May 24. The management urgently applied for mediation in the afternoon, but the union directly rejected it—"No sincerity, a waste of time." $BTC $79,062 is standing still, but there is a detail to note 👇 South Korea is one of Asia's largest crypto markets. If the Samsung strike triggers a depreciation of the Korean won and economic turmoil in South Korea, Korean retail investors' crypto assets might be forced to be sold to cover positions. The last time the Korean "kimchi premium" disappeared, BTC dropped $2,000 directly. If history repeats itself this time... Moreover, South Korean regulators have recently been cracking down on crypto exchanges, and a strike like this will only give them more justification to tighten policies. Honestly, with this kind of macro black swan event, you never know when it will explode. The best short-term move is to keep your ammo ready and avoid going naked. Have you noticed that every time something big happens in Asia, BTC seems to take a hit? Do you think this time will be different? #韩国三星劳资谈判破裂

#SouthKoreaSamsungLaborNegotiationsBreakdown Last night before bed, I came across a piece of news that immediately woke me up—— Samsung's labor negotiations have completely collapsed, with 41,000 workers ready to strike at any moment, wiping out $66 billion in market value intraday, and the stock price plummeting 5% in a single day. Even more outrageous, the South Korean Prime Minister personally stepped in to call for "must stop," acting as if the nation's economic lifeline is hanging by a thread. My first reaction wasn’t Samsung stock, but to check my wallet for $RNDR and $RPL—cryptos that rely entirely on GPU computing power. If Samsung really stops producing HBM memory, global AI chip production capacity will be directly cut off, graphics card prices will soar, and mining costs will skyrocket. What keeps me awake even more is the timing. Right now, the AI craze is driving GPU demand through the roof, and suddenly the world’s largest chip manufacturer is in internal conflict and halting production. A $2.9 billion halt can’t be stopped—both institutions and retail investors are frantically hoarding chip stocks. If the strike becomes real, the crypto world’s computing power and AI concepts will all need to be repriced. Honestly, I’m a bit anxious. The AI sector positions I hold are now in a dilemma. Cut losses? Afraid of missing out on the upcoming computing power shortage. Hold on? What if the Samsung strike is just the opening act of a big drama, and the entire tech stock valuation needs to be reshaped. South Korea is a semiconductor powerhouse, accounting for over 40% of global DRAM capacity. If things get serious, it’s not just Samsung that’s doomed—the entire tech supply chain will shake. Right now, I’m watching two signals: one, whether Samsung’s union shows signs of softening; two, whether the South Korean government will enforce mediation. Any stir on either side will immediately affect $RNDR and $RPL. Do you have AI computing power-related positions? What’s your take these days? Is this Samsung turmoil a crisis or an opportunity? Share your thoughts in the comments—I need to see what everyone thinks. #SamsungStrike #AIChip #HBMMemory #CryptoMarket

Just before bed, I came across a piece of news that almost made me throw my phone. Hana, Italy's second-largest bank, invested $670 million in Dunamu, the parent company of Upbit. This isn't retail FOMO, nor is it some wealthy individual buying coins on a whim. It's a serious investment decision by a traditional Italian bank. You know Upbit, one of South Korea's largest exchanges, backed by the Korean internet giant Kakao. Dunamu is its parent company, holding a dominant share of the Korean crypto market. The Italians brought real money, crossing the Mediterranean and the seas to Northeast Asia, buying not BTC ETFs, but equity in the parent company of a Korean exchange. This signal is scarier than any candlestick chart. My first reaction was to check my account on my phone—wondering if I can still hold onto my altcoins. Institutions are no longer sneaking in; they are openly building positions through equity. Previously, when we said "traditional institutions are coming in," it mostly referred to US pension funds or crypto-native firms like MicroStrategy. But Hana's move is a genuine traditional bank, using traditional financial logic to buy core assets in the crypto ecosystem. ETH just dropped below $2,200 last night and is hovering around $2,194 today. BTC is sideways at $78,400. The market lacks direction, but capital is already starting to diverge. Some are still watching candlestick charts, while others' money has already flowed into the shareholder lists of exchanges. Do you still hold positions? Or have you been out of the market waiting? #Dunamu #Upbit #HanaBank #InstitutionalLayout

Last night before going to bed, I saw a piece of news that gave me insomnia. Michael Saylor, the founder of Strategy, said: "The 'Never sell' strategy needs to be recalibrated." Honestly, when I saw this sentence, I thought I misread it. The person who has been shouting "Never sell BTC" all over the world since 2020, the one who treats holding Bitcoin as a symbol of "immortality," the one who says "buy more" every time there’s a pullback, is now saying he might sell? Strategy just increased its holdings by 11,707 BTC, and now holds over 500,000 BTC. With such a huge position, saying they want to sell, the market can’t just ignore it. Saylor’s own explanation is that "asset allocation needs flexibility," but the community isn’t buying it. Some say the company is facing liquidity pressure, others say Saylor himself can’t hold on anymore—after such a rise without selling, shareholders would have opinions. The most ironic thing is that on the same day, the Abu Dhabi sovereign fund was still increasing its BTC holdings. On one side, institutions are bottom-fishing, on the other, the "never sell" guy is testing the waters to offload. I checked, BTC is now $78,324, nearly 20% down from the yearly high. If even Saylor is starting to waver, what would you choose? Keep believing his claim that "crypto is an immortal asset," or take profits first? Do you think Saylor this time is really just "recalibrating"? $BTC $MSTR

I came across a piece of news before going to bed, and it really unsettled me. Trump revealed that he holds stocks in Coinbase, Robinhood, and Bitcoin mining companies. I'm not a supporter of Trump, but at that moment, I stared at my phone screen for a long time. The Abu Dhabi sovereign wealth fund is increasing its BTC holdings, Harvard is liquidating ETH, and big institutions are swapping positions with each other. Meanwhile, I, a retail investor holding $BTC and $ETH for almost three months, am stuck at the $78,500 level—neither advancing nor retreating. Last night before sleep, my account showed an 8% unrealized gain; this morning when I woke up, oh no, it was down to just 2%. Big money is playing the game, adjusting portfolios, quietly changing directions. And retail investors? Hanging in limbo, unwilling to cut losses but afraid of further drops. Sometimes I wonder, who is really making money? Certainly not me. $BTC $ETH

I glanced at my account before going to bed last night and decided not to post a market update today, so I'll talk about something else. Drake just released a new song, in which he calls himself a "Crypto Big-Timer." The overlap between the rap world and the crypto world is much greater than you think. Kanye accepted BTC payments when selling Yeezy back in the day, 50 Cent played dead saying he never received BTC, and Snoop Dogg still posts NFTs every day. The underlying logic is the same—people with influence are always looking for the next store of value. BTC is currently sideways at $78,100, ETH at $2,188, and mainstream coins lack direction. But if you look closely, many celebrities outside the crypto circle have recently started speaking out intensively—not because they are optimistic, but because they are anxious. Anxious about being left behind by this circle. I have a friend who flips sneakers, and last month he suddenly asked me how to buy ETH because his client was paying with BTC. This is the real signal—not KOLs hyping, but people in the real world starting to vote with their feet. As for Drake’s song, after listening, you get one feeling: he’s catching up too. Who do you think will be the next mainstream star to publicly embrace crypto? $BTC $ETH

At a dinner in Victoria Harbour, I heard a friend who does quantitative trading say something that left me speechless—— He said: "Do you know? The biggest conflict in the crypto world right now isn't bulls vs bears, it's that retail investors are still counting K-lines while whales have already bought up chips on-chain." I instinctively glanced at my own position, then checked the on-chain data, and suddenly felt like I was hit by a dimensionality reduction strike. $CRO has recently risen quietly. By the time everyone reacts, many people's cost basis will be above 0.8. Do you call it a mainstream coin? No. Do you say it has a story? Visa partnership, Cronos chain, Kraken parent company background—these were ignored during the bear market, but now with the bull market atmosphere, they all turn into "value discovery." Big money never sleeps. The on-chain signals have long been flashing red, just waiting for retail investors to come to their senses. Have you been watching $CRO lately? At what price did you enter?

Morgan Stanley suddenly transferred in 467 BTC, are institutions quietly bottom-fishing after the CLARITY Act passed? Last night before bed, I saw a piece of news: Morgan Stanley's Bitcoin fund transferred in 467 BTC, which at tonight's price of $78,000 amounts to over $36 million. Yesterday, the CLARITY Act passed in the US Senate, and the crypto community cheered it as a "major positive," yet BTC remains stuck around $78K. VanEck is also shouting "a certain cryptocurrency's 2031 target is $1M"—the timeline is long, but the number is extreme. Morgan Stanley quietly bought in after the regulatory tailwind landed, which is the exact opposite of my move. I stopped out last week at $81K, and now watching BTC sideways at $78K, institutions are "buying the dip," while I am "holding back after cutting losses." Maybe that's the difference—institutions have information advantages, position patience, and capital to average down on dips; I only have emotions and FOMO. What do you all think? After the CLARITY Act passed, is now a good time to buy? Or will there be another dip after the "positive news is priced in"?

TC real-time price: $78,160 | ETH: $2,187 After reading today's news, there are two overlooked institutional moves worth mentioning. Morgan Stanley's Bitcoin fund just transferred in 467 BTC, while Jane Street was withdrawing — these two institutions are doing completely opposite things, one is bottom-fishing, the other is fleeing. I started wondering, when a blue-chip institution like Morgan Stanley buys BTC at this time, do they really think $78K is the bottom, or is it just a routine client allocation? After all, their asset management scale is huge, and 467 BTC is less than $40 million, which is just pocket change for them. But my small altcoin positions in my account aren't so calm. Altcoins have dropped much more sharply than BTC this time, and ETH at $2,187 has also fallen quite a bit in the past few days. My long altcoin positions have already lost nearly 15%. The current issue is that big institutions are starting to buy near $78K, while retail investors are cutting losses — this script is almost always the same, but the ending is always the same: hesitant retail investors eventually can't help but chase in. What do you think about Morgan Stanley buying now? Are they really bottom-fishing, or just routine allocation? Share your judgment in the comments.

Last night before going to bed, I checked my positions and felt terrible. On the news front, institutions are voting with their actions—Abu Dhabi's sovereign wealth fund keeps buying BTC, Morgan Stanley's BTC fund saw an inflow of 467 coins last week, while Harvard sold off its ETH ETF at the same time. Three institutions, three completely opposite choices. What confused me the most was Trump's filing—he actually bought crypto-related stocks without notifying anyone in advance. This move... retail investors simply can't react in time. As for me? At a cost of $78,070, I'm currently down nearly $3,000 on paper. Should I stop loss? I don't want to; should I hold? But I'm afraid the institutions and smart money are all exiting. Every time I see this "institutions buy, retail holds" pattern, I remember a saying: big money never sleeps, it's us retail investors who do. Do you still have positions now? How much are you down? $BTC

Last night before going to bed, I took a glance at BTC, still hovering around $81,000, thinking I could sleep well. But when I woke up this morning, my phone popped up three notifications, all green—not the kind of green where your account turns positive, but the kind where the bears have won big. BTC plunged directly from 81K down to 77,948, a $4,000 drop, and the futures market saw over a billion dollars in liquidations. The most frustrating part—Binance's address suddenly recorded an inflow of 4,000 BTC, with the transfer price around $78,500. Whales were accumulating at $78,500, while I was standing guard at $80,000. It feels like you just put in your last bit of money, ready for the main rally, and then the big players’ sell orders hit you right in the face. CryptoQuant issued a warning two days ago, saying BTC’s structure looked a bit risky, with high funding rates and slowing ETF inflows. Most people dismissed it as noise. And what happened? The noise turned out to be real. Now BTC is stabilizing at $77,948, and the fear index has probably returned to the "extreme fear" zone. But the whales don’t seem scared. Their addresses keep showing net inflows, with entry costs concentrated between $75,000 and $79,000. There’s a clear divergence again between institutional and retail sentiment— What do you think this divergence means? Are the whales right this time, or is it another smart money trap?

Last night before going to bed, BTC was still hovering around $78,244, and this morning when I opened my eyes, it directly dropped to $77,859. This is not a dream, it's reality. Drake from the rap scene just released a new song "NOKTON," where in the chorus he repeatedly sings that he's a "crypto big-timer," even mentioning $BTC and $ETH. This guy usually brings his own traffic when releasing songs, and this time he directly tapped into the crypto circle. The community exploded—some say he's a true believer, after all, he bought NFTs and promoted BAYC in the past couple of years; others say he's just riding the hype, since the lyrics "my wallet blue not green" clearly play with Trap style. But the most ironic thing is— When he sings "crypto big-timer," $BTC just happened to fall from $78K. The pop culture circle and the crypto circle, at the same moment, one is shouting FOMO, the other is cutting losses. This kind of magical synchronization, I don't know whether to laugh or panic. Do you have any Drake fans around you? After listening to this song, would they want to start trading crypto?