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 got home and opened OKX, my phone popped up a notification — the largest BTC ATM operator in the US, Bitcoin Depot, has filed for Chapter 11 bankruptcy, shutting down all 9,000 machines. Honestly, my first reaction wasn’t "industry earthquake," but "is my account still safe?" $BTC fell below $76,800 today, hitting a two-week low. With soaring Treasury yields, US bond sell-offs, and over $500 million in liquidations — market sentiment was already on the brink of collapse. Bitcoin Depot going down now is like pouring salt on the wound. Most of its users are people without bank accounts, immigrants buying BTC with cash, or older folks who don’t want to do KYC on exchanges. The industry’s most vulnerable entry point has fallen at the worst possible time. Interestingly, on the same day, Strategy dumped $2B to buy BTC. Since MicroStrategy renamed itself "Bitcoin Shadow," retail investors have been lining up at ATMs to close accounts, while institutions keep accumulating on the inside. This isn’t a "whales vs retail" narrative; it’s a division of labor between "regular army vs guerrilla fighters." Bitcoin’s liquidity is increasingly concentrated in the hands of a few, while ordinary people’s access to Bitcoin is being shut down one channel at a time. I looked at my own position and decided not to open that interface tonight. Do you know anyone using Bitcoin Depot? Where is $BTC’s support now? Share your thoughts in the comments.

Bitcoin breaks below two-week low, $500M liquidation wave hits, I'm squatting by the roadside watching BTC ATM closure news Last night after work, I rode past the subway entrance where that BTC ATM is. I bought some Bitcoin there last month, planning to top up again after payday at the end of the month. But just now I saw the news—Bitcoin Depot, North America's largest BTC ATM operator, has gone bankrupt. It's not just them; Gizmodo wrote that "the entire industry is collapsing," with the headline "Demise of Crypto ATMs." Bloomberg also confirmed Bitcoin Depot filed for Chapter 11. I stood there staring at my phone, the first thought in my mind was—Is the balance in my ATM account still safe? Can I reach customer service? Will it be dismantled by the time I go there? Then I realized the current state of the whole crypto circle: BTC at a two-week low, breaking below $77K, over $500M long positions liquidated, ETF outflows of $1B in a week. Iran is trading on TRX/BNB chains, while US crypto ATMs are shutting down en masse. This plot twist is hard to catch. Big money is fleeing, are retail investors catching the falling knife or just standing guard? I don't know. But the image of that ATM just now keeps lingering—maybe it will be gone next week when I pass by. Have you ever used a BTC ATM? Do you still trust this channel now?

Just got on the subway, found a corner to stand and scroll through my phone. A news alert popped up on the screen—Goldman Sachs liquidated all their XRP and SOL ETFs in Q1, while quietly doubling their Bitcoin options position. Honestly, when I saw this news, I had just recently gotten my $XRP out of the red. Institutions say they "don't look favorably" but quietly hedge between options and ETFs; this kind of move is really hard for retail investors to follow. $BTC is now at $77,139, $ETH at $2,139. The market just went through over $500 million in liquidations, and overall sentiment is still lying in the ICU. Goldman's in and out move honestly doesn't surprise me. Big institutions are never here to do charity; they're just juggling eggs in different baskets. Have you noticed that whenever big institutions release research reports saying "liquidation," it's often not that they don't believe in it, but that they're restructuring? What coins do you still hold now? #crypto #BTC #ETH #GoldmanSachs

Woken up by my phone vibrating at 7:30 AM. Squinting, I see—Mark Cuban, the guy who once wildly shorted DeFi and called "Dogecoin a joke," has just publicly backed a project that was once heavily criticized. You read that right, it’s him. $BTC has dropped to $76,971 in the past two days, a two-week low, and $ETH is at $2,130. The crypto market is bleeding heavily, with over $500 million in liquidations in 24 hours. But Cuban’s tweet came out precisely at this moment, saying: "I was wrong about this project back then. I’ve re-examined it—it has real product logic, not just hype." I didn’t sell $XRP at $2.14, and neither did Goldman. Losing money never discriminates; it always strikes at the moment emotions run high. Which coin are you still holding onto? Is there one you once criticized but now feel tempted by? #Crypto #BTC #ETH #MemeCoin

Just halfway through a meeting, my phone suddenly popped up a notification—Mark Cuban changed his stance. This NBA Mavericks owner and former crypto skeptic has publicly supported a crypto project he used to heavily criticize. The crypto community instantly exploded; some said "Cuban finally came around," while others shouted "Don't trust him, he's here to scalp again." Meanwhile, Wall Street hasn't been idle—Goldman Sachs quietly liquidated Solana and $XRP, then shifted bets to a "surprising" new direction. Retail investors were left baffled: what game are the institutions playing? Honestly, this kind of executive flip-flop and sudden shift of traditional funds isn't new in the crypto space. Every time such signals appear, the community debates: is this a real trend, or are whales just looking for someone to take the bag? Looking at today's market, $BTC has dropped to a two-cycle low, and $ETH has fallen even harder than BTC. $800M worth of short positions were liquidated, and the whole market is filled with a "high altitude is lonely" vibe. But from another perspective: the more institutions adjust their positions at this point, the more it shows they don't intend to exit completely. They're just shifting from some "once-hot" coins to newer directions. Goldman Sachs selling Solana and $XRP is a signal worth pondering—is it that these two sectors are no longer viable, or is there juicier meat elsewhere? My own positions have been fluctuating recently. Every time I see news of "institutional sell-offs," my first reaction is to run; but seeing Cuban's kind of "defection" support makes me hesitate whether to add positions contrarily. So I want to ask everyone: what do you think about institutions frequently rotating their holdings? At times like this, is it safer to follow institutions, or is it more reliable to stick to your own judgment? Share your experiences in the comments?

Just got home and came across an outrageous news story that made me laugh out loud. An AI trading bot was supposed to buy meme coins, but it misplaced the decimal point by one digit and directly transferred $441K worth of tokens to an online begging reply guy. $441K, not $44, not $4.4K, but a real $440,000+ in cold hard cash. My first reaction was: is this guy making up a story to get traffic? But after checking, The Block, CryptoRank, and CCN all reported it, and the transaction records can be verified on-chain. It's real. Then I looked at my own position. Luckily, my positions usually just "miss a zero" or "miss a U," at least not ending up with extra. I guess I'm stably poor, safely poor. The most ironic thing is, this reply guy probably never imagined in his life that someone would actively transfer him this much money. Is it luck or fate? Anyway, I'm jealous. Now the question is—what does $441K mean to the entire meme coin market? It's a drop in the bucket. But this news itself is the best FOMO material. Big money is buying AI agent concept coins, retail investors are scrolling their phones watching the spectacle, and some people just get hit with U while lying down. Do you believe similar "slip of the hand" incidents will become more frequent? After all, now AI places your orders, and a decimal point mistake can mean hundreds of thousands. And we retail investors can only pray our accounts won't be "helped" by AI one day. Have you ever accidentally transferred too much? How did you handle it afterward?

Just checked the market, $BTC has dropped below $76,600. But that's not the most unsettling news. Citibank just released a report saying that Bitcoin faces greater quantum computing risks than Ethereum. You read that right—BTC, the digital gold nearing $80,000, actually has a lower quantum security level than ETH. Citibank means that once quantum computers mature, the current encryption algorithms protecting BTC could be cracked. Addresses, private keys—in theory, all could be calculated. Of course, quantum computers aren't powerful enough yet, so the threat is still far off. But comparing BTC at $76,600 to $80,000, this story alone is enough to keep people awake at night. On one hand, there's $1 billion outflow from ETFs in a week, rising tensions in Iran, and soaring oil prices suppressing risk appetite; on the other hand, the "digital gold" infrastructure might be breached by quantum attacks someday in the future. Big money isn't stupid; it's not just retail investors pulling out recently. Would you consider reducing your BTC holdings because of quantum risks? Or do you think this won't happen within 10 years and will keep holding? #BTC #ETH #QuantumComputing

During lunch, I came across a news article stating that Iran announced using Bitcoin to provide insurance services for oil tankers in the Strait of Hormuz. The Strait of Hormuz carries 20% of the world's oil transportation daily. After being excluded from SWIFT, Iran has been seeking ways to bypass the dollar system for settlements. Now they have chosen BTC. This is not the first time a country has used BTC as a tool to evade sanctions. Previously, Venezuela used petro, and Iran has been testing various paths. But this insurance model is interesting—it anchors one of the most conservative products in traditional finance (marine insurance) on the BTC network. From a technical perspective, BTC, as an immutable ledger, can record the execution of insurance contracts. When Iran cannot use SWIFT, BTC provides a settlement layer that does not require trusting a third party. This narrative has always existed within the community, but there are few real-world cases. However, it should be noted that this news itself is geopolitically driven. Iran was just called out by Trump with "the clock is ticking," and releasing news about BTC insurance at this time likely carries more political significance than financial meaning. Large funds now fear geopolitical risks the most. With $563M long positions liquidated, BTC dropped to a two-week low, and market sentiment is bearish. The appearance of "Iran using BTC" news at this time is easily interpreted as a risk signal rather than a positive. What is your current view on BTC's real-world use case narrative? Do you see it as long-term value support, or just a temporary measure during crises?

Just got home and opened my account, and I was completely stunned. $BTC dropped below $77K, $ETH followed down to $2,142, and my social feed is full of liquidation screenshots. I didn’t even feel like eating lunch, just kept staring at the market app, my fingers uncontrollably refreshing. $661M long positions were liquidated, 89% were bullish bets. Bitcoin Depot filed for Chapter 11 bankruptcy, the world’s largest BTC ATM operator just collapsed. $BTC hit a two-cycle low of $76,699, and ETFs saw a $1 billion outflow in one week. The most ironic thing is, at noon some people were still saying "this is a buying opportunity on dips," but looking at the comments, it’s all "I’m out of ammo." Harvard just liquidated ETH, institutions are running, while retail investors keep encouraging each other with "hold long term." So, do you think this market really hit bottom, or is the downtrend just beginning? Is there anyone like me who wakes up in the middle of the night to check their account and then can’t fall back asleep? What time do you all wake up? Share in the comments.

I came across a news article during lunch and almost dropped my chopsticks. Bitcoin Depot—the largest BTC ATM operator in North America—has officially filed for Chapter 11 bankruptcy. Do you know what this means? Those who once promoted "BTC as the bank for the poor" can now barely pay their own bills. I looked down at my position. $76,777, the lowest point in two weeks. The number in my account has shifted from "hold on" to "forget it." Yesterday, the entire crypto market was liquidated by $526 million, with 89% being long positions. 89%. That means 9 out of 10 retail traders who went long got liquidated. Last week, I set a stop loss at $79,000 but foolishly canceled it last night. The reason was "hold on a bit longer, anyway it's a long-term hold." But today I woke up to $76,777. I’m starting to doubt one thing: Is Bitcoin’s "revolutionary infrastructure" narrative really the same as the account balance that keeps people going? Institutions are still buying. Strategy keeps adding. Saylor hinted again last night that he will continue buying. But the ATMs on the street have already started shutting down. In this bull market, it’s becoming harder to tell who is truly changing the world and who is just creating an illusion of demand. How much ammo do you still have left? #BTC #CryptoATM #Chapter11