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

Last night before going to bed, I saw the news that THORChain was hacked for $10m. The first thing I did when I woke up this morning was to check the K-line on my phone. BTC has been sideways at $76,800 for almost 12 hours, and ETH is fluctuating above $2,110. Some people in my circle are already shouting "the bull is back," while others quietly set their stop loss at $75,000. To be honest, after seeing the THORChain vulnerability last night, I just went to sleep—not because I don’t care, but because my position isn’t heavy and I don’t have the guts to heavily invest in DeFi protocols. But when I woke up this morning, $RUNE hadn’t dropped much; instead, the entire altcoin market was moving sideways along with BTC. This is the most delicate mindset: relieved that I didn’t step on a landmine, yet regretting not taking the opportunity to buy the dip. Big money never sleeps. That $10m vulnerability last night looks like a coincidence, but the on-chain data had already revealed abnormal traffic. I know someone who had a lot stored in THORChain and just moved it out a few days ago—when I asked why, he said, "It just didn’t feel right." Sometimes, this market intuition is more useful than technical analysis. Are you currently holding positions in DeFi protocols? Or have you already switched everything to BTC/ETH to play it safe? #韩国三星劳资谈判破裂 #沃什接掌Fed：权力交接现分歧

Last night before going to bed, I checked the market; BTC was still struggling above $77,000. The first thing I did when I woke up this morning was to check my phone—$77,073, it dropped again. At that moment, I saw a piece of news: Japan's largest brokerage announced the opening of BTC/ETH investment channels, and the 33 trillion yen retail market is about to enter. The news is good, but my reaction was—wait, institutions are all bullish, so why is the market still crashing? The macro pressure is too great. The threat in the Strait of Hormuz from Iran hasn't disappeared, the CLARITY Act is stuck in the Senate, and ETF funds have outflowed $1 billion in a week—big money is running, retail investors are catching it. Japanese retail investors are coming in, but my account positions are already green with anxiety. Sometimes good news and market trends are two different things. Big institutions entering is a narrative; retail investors really care about whether their positions can break even. Have you been bottom-fishing recently? Or are you watching like me? $BTC $ETH

Checked my account before bed last night, not bad, but woke up this morning to see a $700M liquidation—back to square one overnight. This cleanup came fast and hard. BTC crashed down from above $79,500, wiping out longs in the futures market. On the surface, it looks like a "good news realization" after the CLARITY Act passed, but in reality, the price never stabilized here; institutions were just using the news to exit. The irony is, at the same time Harvard is selling ETH ETFs, Abu Dhabi is increasing BTC positions. The long-short game between institutions always ends with retail investors footing the bill. I'm a bit curious now—those who were liquidated on longs last night, will they re-enter the market today or exit completely? How are you all holding up? #沃什接掌Fed：权力交接现分歧

BTC $77,941 / ETH $2,180 / Monday morning session I glanced at my account before going to bed last night, it was okay, but when I woke up this morning—$700M liquidation, woke up back to square one. This time the cleanup came fast and fierce. BTC dropped sharply from above $79,500, wiping out longs in the futures market. On the surface, it looks like a "good news realization" after the CLARITY Act passed, but in reality, this level never stabilized, and institutions were just running with the news. The most ironic thing is, at the same time Harvard is selling ETH ETFs, while Abu Dhabi is increasing BTC positions. The long-short game between institutions always ends with retail investors footing the bill. I'm a bit curious now, will those who were liquidated on longs last night choose to re-enter today or exit completely? How are you all doing?

BTC has dropped back to $78,000, what happened to the "never sell" promise? Last night before going to bed, I checked my account and $BTC was still hovering around $78,022. Over the weekend, I came across that report about Saylor saying the "never sell" strategy needs a "reset"—I couldn’t sleep after that. Strategy (formerly MicroStrategy) has been accumulating BTC since 2020, and its founder Saylor has always been the spokesperson for the "diamond hands" belief. Every time the market dips, he comes out shouting "don’t sell, hold to the end." Now suddenly he’s saying "might consider selling"? I’ve never seen this script before. Everyone in the group is discussing this. Some say "institutions are all retreating, why are we still holding?" Others say "Saylor is fishing, deliberately leaking news to scare retail investors away." I’m holding half a position in $BTC, been holding for almost two years, with a cost basis around $55,000. At this point, it’s hard not to feel uneasy. $ETH also dropped today to $2,187, putting a question mark on this rebound. Honestly, I don’t know whether to reduce my position now. Saylor’s "never sell" mantra lasted for years, and now he’s changed his tune—it feels like the belief system is cracking. Have the big institutional holders already started to exit, leaving only retail investors standing guard? Do you still hold $BTC? What are your thoughts now? Share in the comments.

Before going to bed, I came across Drake's new song, and I was stunned. This guy released 43 songs at once, and one of them is literally called "BTC Crypto Big-Timer"—bolded and repeated twice. Even more amazing, the song mentions SBF, saying he wants to save him. Right now, my mind is full of question marks: Aubrey Drake Graham, OBF, a six-degree academic achiever, wants to bail out that SBF who's in jail? Alright, you're impressive, you call the shots. But what I really want to know is—when he shouts "I'm the big whale" at the $BTC 78,250 level, is it to boost everyone's confidence, or is his own position actually stuck and he's too embarrassed to admit it? After all, no one is saving $ETH at $2,190 now, mainstream coins are all recovering, only the positions are swimming naked. Can any knowledgeable folks explain if Drake is just riding the hype this time, or if he truly has a long-term bullish view? Do you think this cultural endorsement helps short-term crypto sentiment? 🤝

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