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Hyperliquid's investment portfolio margin system aims to attract institutional users by unified risk exposure management to improve capital efficiency and reduce margin requirements. This system allows multiple asset liquidation and enhances leverage capabilities, but also introduces liquidation risk and systemic risk, challenging the stability of the DeFi ecosystem.

Recently, the cryptocurrency market rebounded under pressure from the US stock market, with BTC rising back to around $90,000 and ETH returning to $3,000. This was mainly influenced by the US core CPI being lower than expected, leading to adjustments in market expectations for the Federal Reserve's interest rate policy. The US stock pullback reflects rising geopolitical risks, and upcoming data releases may impact market volatility. Investors should closely monitor CPI and PPI data to seize opportunities during the rebound.

This week's cryptocurrency market faced setbacks, with Bitcoin falling below $93,000 and then retreating to $90,110, increasing market anxiety. The volatility in the derivatives market indicates a concentration of bullish positions, with a liquidation wave exceeding $860 million, highlighting structural fragility. Past rebounds mainly relied on derivatives rather than spot purchases, and investors remain divided on future trends, requiring continued attention to liquidity and market movements. Long-term holders are reducing sales, and the return of spot funds may signal a bottoming out.

Recently, the cryptocurrency market has experienced a strong rebound, with Bitcoin prices breaking through $90,000, and market sentiment shifting from pessimistic to optimistic. Behind this rally, the main factors are large-scale short liquidations and capital inflows, especially after breaking through the key level of $94,500, which significantly boosted market confidence. In the short term, investors should pay attention to whether Bitcoin can hold this support and be cautious of correction risks. Overall, the market presents both opportunities and challenges, and cautious operation is advised.

This week's market should focus on the impact of Middle Eastern geopolitical risks on crypto assets. If the situation worsens, it could further pressure the fragile crypto market, with Bitcoin trading below psychological support levels, while Ethereum remains relatively stable. The market also shows a short-term trading meme coin mentality, which may affect the performance of new coins. Investors should stay alert and pay attention to upcoming economic data and potential market turbulence.

In 2025, the Bitcoin price is approximately $90,160, with a growth of only 1.07%. Currently, ETF funds are the main factor influencing Bitcoin's trend, while institutional funds are still on the sidelines. The market is undervalued, and it requires new buying interest and clearer legislation to further drive the price upward. The breakthrough in Bitcoin adoption rate is an important variable for the future.

Telegram's recent revenue reached a new high, but due to losses from holding TON tokens, it resulted in a net loss of $222 million. Its sale of TON tokens has sparked controversy, raising questions about long-term decentralization commitments and short-term cashing out. Telegram's double-edged business strategy faces challenges regarding profit sustainability and listing uncertainties.

VanEck Research Report predicts that if Bitcoin can become an important part of the global financial system, its value could reach $2.9 million within the next 25 years. The report provides an annualized return of 15% and recommends allocating 1% to 3% of the portfolio to Bitcoin to enhance risk-adjusted returns. Although optimistic about the long term, Bitcoin's volatility is expected to be as high as 40% to 70%, and investors should be prepared to face short-term fluctuations.

CryptoQuant's latest research indicates that Bitcoin prices face downside risks, with an expected correction of up to 55%. The current price hovers around $89,700, with key support levels between $70,000 and $56,000. Demand momentum is waning, institutions are closing positions, and future rebounds will require new support levels. The market structure is similar to that before the 2022 crash, and investors should remain vigilant.

Traders are choosing trading platforms with real money and gold. Hyperliquid has quickly become the preferred choice due to its excellent trading experience and liquidity, while platforms like Aster and Lighter have lost liquidity. The true indicator of victory is open interest; Hyperliquid has a clear advantage, but the token price has not risen in sync, reflecting market concerns about token holdings. The future challenge lies in establishing a sustainable economic model to achieve a win-win situation for traders and token holders.

VanEck's research report indicates that if Bitcoin can become the cornerstone of the global financial system, it could reach $2.9 million by 2050. However, there is still a significant gap between the current situation and this hypothesis. The report emphasizes that the price drivers of Bitcoin have shifted from trading psychology to macroeconomic monetary policy, and recommends allocating 1% to 3% of the portfolio in Bitcoin to enhance returns.

In 2025, El Salvador revised its Bitcoin regulations, triggering a market upheaval. Despite pressure from the IMF, El Salvador still plans to accelerate Bitcoin purchases, indicating that the government's long-term strategy for Bitcoin remains unchanged. This policy adjustment is a tactical compromise rather than a fundamental change in attitude towards Bitcoin.

On May 22, 2010, Laszlo Hanyecz exchanged 10,000 bitcoins for two pizzas, marking the most iconic event in Bitcoin history. At that time, Bitcoin was worth only about $30, and now it is worth over $900 million. However, Laszlo does not regret it, as it embodies the sense of achievement in exchanging labor for tangible goods. This transaction not only proved that Bitcoin could be used for real-world consumption but also became a cultural symbol of "Bitcoin Pizza Day," representing Bitcoin's journey from a technical experiment to a daily payment tool.

Bitcoin is currently consolidating around $90,000. Industry analysts believe that institutional funds have not yet fully entered the market, making it difficult to break through the range in the short term. Market activity has cooled, with ETF capital flows dominating the trend. Analysts expect that new policies could change the situation, but Bitcoin still needs time to digest past gains. A breakthrough in adoption rates will be crucial for future developments.

This article discusses the importance of the US September CPI data and its impact on Federal Reserve policies and the crypto market. The CPI report is a key indicator for assessing economic conditions. If the data is below expectations, it may boost Bitcoin prices; conversely, if it exceeds expectations, it could put pressure on the crypto market. Traders should pay attention to US Treasury yields and the dollar trend to predict Bitcoin's direction. ETF capital flows will also influence Bitcoin's continued upward momentum.

DAO is a decentralized organizational structure based on blockchain technology and smart contracts, eliminating the need for traditional bosses or hierarchical leadership, with all members participating in decision-making. DAO's innovative operation relies on smart contracts and tokens to ensure transparency and democratic governance, attracting participants from various fields. As it gradually matures, DAO has the potential to change the way future businesses operate, but it still faces legal and technical challenges.

Named Yi Cong transitioned from a news anchor to a business executive and doctoral student, experiencing multiple life changes. She emphasizes that change is a normal part of life and calls on people to always be prepared for it. Her experience teaches us that embracing change can bring new opportunities and growth.

Funding rate arbitrage, while theoretically simple, allows institutional investors to achieve stable profits due to their advantages in efficiency, technology, and risk control systems. Retail investors face difficulties in participation due to gaps in opportunity recognition, trading costs, and reaction speed. It is recommended that retail investors participate indirectly through institutional asset management products to obtain stable returns, avoiding high learning costs and risks.