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The cryptocurrency market has witnessed frequent major moves. The situation in the Middle East has become a key variable in the price of Bitcoin. The founder of Zhongxuegao reflects on his experience in cryptocurrency trading

jingji51 by jingji51
06/21/2025
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According to Golden Finance, the cryptocurrency market has been making continuous moves recently, with various investment behaviors running in parallel, and the market trend has drawn much attention.

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On the one hand, data from the on-chain monitoring platform Onchain Lens indicates that not long ago, investor James Wynn spent a whopping 39 ETH (approximately $104,000) to purchase 2.446 trillion Meme coins ZEUS. In the high-risk and highly volatile Meme coin market, this transaction instantly sparked heated discussions, with analysts holding diverse views on its subsequent impact.

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On the other hand, institutional investors have also made big moves. Japanese listed company Remixpoint officially announced that on June 13, 2025, it purchased an additional 200 million yen (approximately 1.386 million US dollars) worth of Bitcoin, totaling about 13.3 coins, with an average price of 15.042 million yen (approximately 104,240 US dollars) per coin. Part of the purchase funds originated from the funds raised through the exercise of the new share reservation rights completed on June 12th. As of June 15th, the total value of crypto assets held by Remixpoint has exceeded 17.1 billion yen (approximately 118.5 million US dollars), with a rich asset portfolio covering 1,051 Bitcoins, 901 Ethereum and other cryptocurrencies. The assessed revenue for the current period was approximately 1.763 billion yen (approximately 12.22 million US dollars).

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Meanwhile, the price trend of Bitcoin has been significantly influenced by the situation in the Middle East. Recently, the conflict between Israel and Iran has dampened investors’ preference for risky assets, and the price of Bitcoin has subsequently declined. However, Bitcoin rose slightly again and rebounded from the downward trend. According to Kathleen Brooks of XTB in a report, market concerns over tensions in the Middle East have eased after President Trump said that Israel and Iran might find a solution to end the conflict. She emphasized that the situation in the Middle East needs to deteriorate rapidly and enter a more dangerous stage for Bitcoin to fall below the $100,000 mark. This means that the current trend of the situation in the Middle East has become one of the key influencing factors for the fluctuation of Bitcoin prices.

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It is worth noting that the topic of the cryptocurrency market is not limited to investment transactions; it has also triggered reflections among entrepreneurs. On June 16th, Lin Sheng, the founder of Zhongxuegao, who has been the subject of heated discussions due to the “ice cream assassin”, responded to netizens’ questions about his “cryptocurrency trading” during a live stream, admitting frankly, “My cryptocurrency trading was a very big mistake. I have been recommending and trying things like Bitcoin to my friends for a long time.” Later, I found that all the people who listened to my recommendations were smiling, but I still don’t have a single Bitcoin up to now. It’s so sad. Lin Sheng’s remarks reflect the high risks and uncertainties in the cryptocurrency market and also sound the alarm for investors.

In the future, as investors make different moves in the crypto market, the situation in the Middle East evolves, and market participants re-examine investment risks, the trend of the cryptocurrency market will be full of uncertainties. Subsequent changes in asset prices and adjustments in investor strategies will continue to draw industry attention.

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  • The cryptocurrency market has witnessed frequent major moves. The situation in the Middle East has become a key variable in the price of Bitcoin. The founder of Zhongxuegao reflects on his experience in cryptocurrency trading 06/21/2025
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