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

On May 20th, two major events will happen on the same day. The Fed meeting minutes + Nvidia earnings report, both the US stock market and the crypto market will face a double test on the same day. After work, I saw this news on the subway, and my first thought was: May 20th, something big is going to happen in the market. First, let's talk about the Fed. What the market cares about most now is: will there still be a rate cut? Last week Powell said to "be patient," but the CPI data isn't cooperating. If the minutes contain any wording like "rising inflation concerns," it's highly likely the dollar will strengthen and crypto will come under pressure. Next, Nvidia. $NVDA has been the bellwether for tech stocks these past two years, carrying the AI narrative. If the earnings continue to beat expectations, risk appetite funds in tech stocks and crypto will likely soar together; but if growth slows or guidance falls short, panic could quickly spread to the entire financial market. My own judgment is: with these two events combined, volatility will most likely spike. It's not certain the market will fall, but if the Fed minutes lean hawkish + Nvidia earnings disappoint, the market on the evening of May 20th will probably be very intense. My strategy is: for the next few days, take a light position and observe, don't blindly add positions. Wait for the minutes to be released, wait for the earnings report, and wait for the market to digest the first wave of emotions before making decisions. Better to miss out than to be wrong. Are you planning to watch the market on the evening of May 20th? Share your response strategy in the comments. #美联储会议纪要+英伟达财报：5月20同日公布

Just got home and opened my account, habitually checked $BTC first — $76,479, then the group suddenly exploded saying tariffs are going up to 245%, almost dropped my phone. Last Friday $ETH was still around $2,200, thinking of buying the dip, but today it dropped to $2,108, feeling like a sucker. The worst is $SOL, crashing straight down from $83, a brother in the group who was leveraged long blew 30,000U, saying "Once the tariffs came out, it was like the electronics factory shut down, suddenly no shifts." Tariffs always cause this kind of reaction — even though everyone is mentally prepared, when it actually happens, everyone is still stunned, feeling the altcoins in hand are much more fragile than expected. Now not sure how long the few altcoins left in my account can hold up, feels like they could be swept away anytime by the panic in the broader market. Have you recently been affected by the tariff news in your holdings? Do altcoins or the mainstream handle these black swan events better? $BTC $ETH

I came across a news article during my commute: Bitcoin Depot, the largest BTC ATM operator in North America, has filed for bankruptcy, and all its ATMs are offline. Bitcoin Depot, the biggest Bitcoin ATM operator in North America, is done for. At its peak, this company had over 5,000 BTC ATMs across the U.S., accounting for about 12% of the entire market share, and now all have ceased operations. When I saw this news on the subway, I almost dropped my coffee—not for any other reason, but because my first thought was: what about the elderly folks who bought BTC at airports and convenience stores? Are their ATM receipts still valid now? This bankruptcy is no accident. Tightened regulations, the significant crypto market volatility since 2024 began, combined with frequent wire fraud cases, have caused U.S. authorities to clamp down on the entire industry with anti-money laundering laws more and more strictly. Ironically, on the very same day Bitcoin Depot went down, Iran announced it would use BTC to settle shipping insurance for the Strait of Hormuz, aiming for $1 billion in revenue. At the same time, with such extreme polarization, it’s hard to know whether to laugh or cry. $BTC has dropped from nearly $84,000 in April to $76,370 now, a two-week low. $ETH at $2,105 is following the downward trend. ETF funds have seen net outflows for six consecutive weeks, with nearly $1 billion withdrawn in just one week. This is just the beginning. The collapse of ATM operators often signals shrinking retail participation—the easiest way to buy coins suddenly disappears. The industry is being cleared out, but not in the way we hoped. Have you ever bought coins at a BTC ATM? That machine is gone now. How do you plan to handle it? @OKX星球

Just got home and opened OKX, BTC was still hovering around $76,500. I thought, since I'm here, let me check the US stock market—then a news alert popped up that almost made me throw my phone: Bitcoin Depot, North America's largest Bitcoin ATM operator, officially filed for bankruptcy, and all 9,000 machines went offline. At its peak, this company had installed over 9,000 BTMs across the US. I had even gone out of my way to use it a few times to buy coins because I found it more convenient than exchanges. But now it just collapsed, and the whole industry is being uprooted. The underlying reason is that the crypto ATM sector itself is being phased out—young people simply don’t need this kind of thing; isn’t it easier to buy coins directly through exchange apps? Regulations are tightening, and KYC costs are rising. Most importantly, no one is using them anymore, so the traffic can’t cover the costs. My current feeling is that it’s a bit like when those ASIC miner manufacturers went bankrupt in 2017—the industry remains, but the fringe players exit first. Do you still know anyone using Bitcoin ATMs? What channels are people using to buy coins now? #BTC #ETH #BitcoinDepot

May 22 is here again. Every year on this day, the crypto community repeats the same math problem: How much is the pizza that was worth $41 in 2010 worth now? 800 million? 1 billion? No matter how you calculate it, the feeling is always the same—regret so deep you want to eat your keyboard. Laszlo's phrase back then, "I can buy pizza with Bitcoin," might be the most romantic sentence in the crypto world. The romance isn't that it's beautiful, but that it’s like an evergreen meme, passed down through generations. This year is a bit different. Before Pizza Day even arrives, OKX Planet has already started warming up: from May 15 to 21, post with #OKXPizzaDay and tag @OKX星球. Jokes, memes, Meme, abstract literature—all are welcome on the battlefield. Daily highlights will be pinned, and limited OKX merchandise will be given away. The full list of rewards will be announced on May 21. Honestly, I’m already thinking about what to post. Every year Bitcoin Pizza Day floods social circles, but this might be the first time a platform seriously encourages everyone to join in—not with stiff analytical articles, but pure fun. Laszlo traded 10,000 BTC for two pizzas; 14 years later, we trade two posts for merchandise. By any calculation, we’ve won. There will be special Pizza Day events around May 22, so if you act fast, you can stay in the hype for a whole week. What are you planning to post? Sign up in the comments, and I’ll be watching on the day.

Saw this data on the subway, my palms were sweating. $BTC just dropped below $76,800, and $650 million worth of short positions in the futures market were precisely liquidated. It feels like—you just stopped your loss, the market rebounds, but you've already been liquidated. This is not an ordinary pullback. BTC ETF has had net inflows for 6 consecutive weeks, but last week the inflow suddenly stopped, shrinking by $1.07 billion in one week. The speed of institutional capital withdrawal hit a nearly two-month high. Meanwhile, ETFs for XRP and SOL are quietly attracting funds, signaling that big money is rotating between sectors. There is a move called "leverage washout"—deliberately breaking through stop-loss lines to trigger liquidations, then reversing to push the price up. Today's $77k movement was a textbook demonstration. Now the market is waiting for a signal: the bulls are not dead, the decline is not over. The true sign of a bottom is often desperate selling, not an increase in bottom-fishing voices. How about you? Have you been schooled by this market today? $BTC $ETH $XRP

Last night before going to bed, I saw the news that BTC liquidations reached $650 million. Today, just got home and checked my account, the whole market is still in the red. $BTC is currently around $76,820, $ETH at $2,113, $SOL once hit $84.5 yesterday but dropped quite a bit today. This is not just a simple pullback. CoinDesk's headline today directly said: BTC ETF funds lost nearly $1 billion within a week, ending six consecutive weeks of net inflows. Harvard also fully cleared an $87 million ETH position over a quarter a few days ago. Institutions and smart money are retreating. But on the other hand, retail investors seem to be stepping in to buy the dip. XRP and SOL have recently become safe havens for funds; SOL has pulled back from its highs but overall remains stronger than the broader market. Bloomberg published an analysis this afternoon saying BTC has reclaimed $77K, recovering some lost ground. This kind of split market is most frustrating not for veterans, but for newcomers. Earlier, we saw institutions reporting a FEAR sentiment index, and now we see large ETF outflows—who exactly should we follow? I have an immature observation: this altcoin season is delayed not because of lack of funds, but because everyone is waiting for BTC to first break $80K and stabilize. Now at the $76-77K level, if US Treasury yields continue to rise, it might take some more time to consolidate. Are you reducing your positions now, or buying the dip? Share your position status in the comments 🙃 #OKXPlanet $BTC $ETH $SOL

At lunchtime, a screenshot flooded my Moments feed — Harvard University has cut all its ETH holdings, selling off everything within just one quarter from buying to exit. No joke, Fortune confirmed: $87 million worth of ETH sold off entirely in one quarter. Meanwhile, Goldman Sachs cut all XRP and SOL ETFs in the first quarter and shifted to buying other assets. Ironically, retail investors are bottom-fishing XRP — fund inflow data doesn’t lie, XRP funds have been continuously attracting capital, while BTC funds saw a net outflow of nearly $1 billion in a single week. ETH is currently around $2116. From a technical perspective, the $2000 round number is the real test, while $2150 has already become short-term resistance. At this moment, institutions and retail investors have formed the most bizarre opposition in the crypto space — institutions are exiting, retail investors are stepping in, and both sides think the other is foolish. I can’t say who’s right, but the last time Harvard and Morgan Stanley simultaneously cut losses like this was during the Luna crash in 2022. Do you trust the institutional indicators more, or do you think retail investors can hold this time? Share your thoughts in the comments.

The subway doors just closed, and I habitually took out my phone to check the market. $BTC directly dropped to $76,713, the lowest point in two weeks. $500M worth of long positions were liquidated, turning the entire futures market into a bloodbath. Last week I was still hoping to return to $80K, but now even $77K has become a resistance level. I'm holding my position without daring to move, thinking back to how confident I was before leaving this morning, saying "a pullback is an opportunity," but now my face feels swollen. The core reason for this drop is still the pressure from US Treasury yields, plus the CLARITY Act passing the Senate, which everyone actually took as a positive and sold off. Risk appetite in the market has sharply contracted, and even ETH was smashed down to $2,116. Friends around me who trade crypto have started comforting each other with "in a bear market, watch more and trade less," but I know the most dangerous thing right now isn’t the market, it’s the mindset. How are your positions now? Still holding on?

Just arrived at the company and opened the market software, saw BTC still struggling below $77,000, and suddenly a news piece popped up in the group: Citi issued a warning, saying Bitcoin faces quantum computing risks and is more vulnerable than Ethereum. I was stunned for a moment. I've been hearing the term quantum computing for three years now, and every time it's been a "boy who cried wolf" scenario, but this time it's different—the report is from Citi, a different level. Looking closely at the content, the core logic is: Bitcoin uses ECDSA elliptic curve signatures, and theoretically, quantum computers can reverse-engineer the private key from the public key—if this comes true, exposed addresses could be completely wiped out. Although Ethereum has this problem too, it is already advancing account abstraction and post-quantum cryptography research, while Bitcoin's core code evolution is much slower. Honestly, the small position I have in my wallet now isn't worth much, but just thinking that someday in the future someone might "scan" it away with a quantum computer sends chills down my spine. The irony is, the group is still discussing whether BTC will hold the $76,000 support, but no one factors in the quantum computer variable in their technical analysis. Citi's report is not a risk that will materialize soon, but it reveals a structural blind spot: everyone is speculating on the $77,000 support, calculating ETF flows, guessing Fed rate cut expectations, yet no one takes the "post-quantum era" seriously. This risk appetite won't pressure prices at this stage, but over a three to five-year horizon, it could be the biggest black swan. If you hold coins now, would you consider this risk? Or do you think quantum computers are still far away from us, and worrying now is unnecessary?