曾让华尔街疯狂追捧的"加密造富捷径"，短短数月内从天堂跌落地狱。 领头羊Strategy市值蒸发超600亿美元，ETHZilla单日暴涨200%后隔天暴跌29%，31万投资者爆仓亏光 13.3亿美元。 一边是散户在"股权稀释"恐慌中连夜出逃，一边是机构大佬逆势加仓。这场裹挟着贪婪与恐惧的资本游 戏，正在上演最残酷的终局。 有人狂赚150%清仓，有人亏10万仍加仓 加密国库的狂欢，最初是从散户的疯狂涌入开始的。 数据显示比特币 ETF 的资金流动速度是黄金ETF的4.5 倍，如今已成为主流投资选择，这也让加密国库 的溢价空间被彻底挤压，泡沫破裂只是时间问题。 这种"公司买加密货币，投资者买公司股票"的模式，曾被视为"普通人的造富捷径"，尤其是在Strategy 股价多年跑赢比特币的示范下，无数散户跟风入场。 Spectra Markets 总裁的吐槽一针见血："整个概念毫无意义，你不过是在花两美元买一张一美元的钞 票。" 而压垮溢价泡沫的关键是加密 ETF 的爆发式增长。2024年美国比特币现货 ETF 获批后，市场格局彻底 改写 。 截至2024年底美国加密 ETF 资产规模已突破1223.9亿美元，香港也推 ...

Group 1 - The SEC has released a new disclosure guideline for digital asset-related exchange-traded products, indicating a potential shift in approval for crypto ETFs [2] - The guideline opens the door for ETF applications related to assets like SOL, XRP, DOGE, and even Trump-themed memecoins, suggesting that the era of altcoin ETFs may arrive sooner than expected [2] Group 2 - Dogecoin (DOGE) price has been on the rise, following the upward trends of Bitcoin and Ethereum, breaking through resistance levels of $0.1665 and $0.1680, and even surpassing the $0.170 mark [3] - Currently, DOGE is stabilizing above $0.1680 and the 100-hour simple moving average, with a bullish trend line forming on the hourly chart [5] - Short-term resistance levels for DOGE are at $0.1720 and $0.1730, with a potential to rise further to $0.180 or even $0.200 if it breaks the $0.1750 resistance [5]