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BTC $76,961.84 -1.79%
ETH $2,291.87 -3.21%
BNB $623.99 -1.82%
XRP $1.39 -2.53%
SOL $84.24 -2.96%
TRX $0.3260 +0.77%
DOGE $0.0980 -1.31%
ADA $0.2459 -2.62%
BCH $448.99 -1.17%
LINK $9.22 -2.76%
HYPE $41.66 -0.81%
AAVE $96.12 -0.79%
SUI $0.9249 -2.28%
XLM $0.1645 -3.76%
ZEC $352.29 -2.29%

pear

Sun Yuchen appeared online at the HTX Genesis Hackathon: AI Agent is the core driving force for Web3 to move towards intelligence

Huobi HTX global advisor Sun Yuchen made a significant appearance at the HTX Genesis Hackathon opening ceremony in Hong Kong in an online format, sharing his latest insights on the application prospects of AI Agent technology in the Web3 field and the future development direction of the industry. He pointed out that AI Agent will replace traditional interaction methods and become the core driving force of the next phase of the Web3 ecosystem.He explained that past Web3 applications often came with extremely high learning thresholds and complex on-chain interactions, while the introduction of AI Agent will drive decentralized applications (DApps) to evolve from "manual operation" to "intention-driven" based on natural language. This means that AI Agents can autonomously understand user needs, automatically plan paths, and complete complex on-chain settlements such as cross-chain transactions. This paradigm shift towards intelligence and autonomy will not only greatly unleash on-chain productivity but also become a new breakthrough point to break the bottleneck of Web3 user growth and lead the industry toward true mass adoption.It is reported that the HTX Genesis Hackathon is hosted by HTX DAO and B.AI, co-hosted by TinTinLand and OpenCity, attracting numerous developer communities, investment institutions, project parties, trading platforms, and public chain ecosystems to participate.

first_img Analysis: The trading price of Bitcoin is still about 21% higher than its realized price, and no bottom signals have yet appeared

According to CoinDesk, the gap between Bitcoin's spot price and its realized price (the average cost basis of all on-chain tokens weighted by their last transaction time) is narrowing, approaching the levels seen at the bottoms of past cycles. However, on-chain data shows that the market has not yet experienced a typical capitulation sell-off. Currently, Bitcoin's realized price is about $54,286, the spot price is about $68,774, and the premium is about 21%. The bottom signal of the 2022 bear market was when the spot price fell below the realized price, which occurred when the spot was about 15% lower than the realized price at the cycle low.The current 21% premium indicates that the average holder is still in profit. To reach the realized price, Bitcoin would need to drop about 20% to $54,000. Notably, the speed of the premium's contraction, from about 120% at the end of 2024 to 21% after 15 months, is the fastest approach to the realized price line outside of a market crash.Other on-chain signals also indicate that the market has not completed its reset: the Coinbase premium index has returned to negative values, suggesting weakened institutional demand. Analysts believe that although Bitcoin has maintained a range of $65,000 to $70,000 for five weeks, the inflow of over $1 billion into ETFs in March shows there are buyers, but the market has not yet gone through the painful process that historically marks a bottom.
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