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According to ChainCatcher, market analyst Roman stated that Bitcoin's current trend has formed a bear flag pattern, with a target price of $76,000, and it could even drop to $50,000. After rebounding from a recent low of around $80,000, Bitcoin's price has fluctuated within an ascending channel but has failed to break through key resistance, indicating a lack of upward momentum in the market. Roman pointed out that since Bitcoin surged 750% from the bear market bottom of $15,600 in 2022, the current bull market may have ended, and he suggests investors prepare for the next bull run. He also noted that technical indicators such as the Relative Strength Index (RSI) are sending bearish signals over the long term. On the other hand, trader Luca believes that there is still hope for Bitcoin in the short term, as its price is currently above the bull market support band. If it can successfully hold this support band and rebound, the medium-term outlook may turn bullish again.

According to ChainCatcher, crypto KOL @pgreyy posted on X that, based on DefiLlama fundraising data, there have been a total of 73 projects raising over $10 million in the past three months. The list shows that venture capital institutions have significantly reduced their interest in L1 public chains, with only Tempo, an L1 payment public chain, making the list. VC institutions are mainly focusing on the following five sectors: - Prediction markets - Payment systems (+ banking services) - RWA - Infrastructure linked to ordinary users or RWA - DeFi In addition, in the past three months, only two AI-related companies met the $10 million fundraising threshold; if not considering the fundraising period, this number is nine.