Bitcoin remains steady around the $70,000 mark as Dr. Andy Cheung, founder of Zeuspace, shared insights at the Chain Valley Public Class. Cheung highlighted that institutional cost structures could serve as key pricing references amid current market uncertainties. He noted that institutional holdings of digital assets have unrealized losses exceeding $25 billion, with average entry prices for major institutions ranging from $64,000 to $68,000. Cheung emphasized that these cost zones often attract professional investors during market pessimism. Cheung also addressed the dynamics of gold and Bitcoin, asserting that while the fundamental logic for both remains unchanged, caution is advised in timing investments. He suggested waiting for technical pullbacks before building positions. Cheung remains optimistic about Bitcoin's long-term potential as "digital gold," contingent on mainstream recognition. Additionally, he discussed Hong Kong's new Web3 policies, highlighting recent regulatory changes aimed at establishing the region as a compliant Web3 hub, including the approval of BTC/ETH margin loans and the anticipated issuance of stablecoin licenses in 2026.