What the hell is going on? This coin is going to soar, and smart money is quietly entering the market!
When will Wall Street's billions of funds be injected into the market? FTX has made new progress in repayments. On this day, the cryptocurrency world will take off completely!
Is the German selling pressure about to end? And the Federal Reserve is actually preparing to flood the market with money? Let's follow Shuqin to find out.
The first is the shocking news in the cryptocurrency circle. The Chicago Board Options Exchange, one of the world's largest exchanges and hosting multiple Bitcoin and Ethereum spot ETFs, officially submitted Vanda and 21 Shares' Solana ETF application to the China Securities Regulatory Commission, which shocked everyone.
There are three points that are very exciting. The first is that the trillion-dollar giant Vanda was fighting alone before, but now 21 Shares has also joined in and applied for Sol's ETF. This institution is not small. It cooperates with Ark Fund and was the first to launch Bitcoin ETF with BlackRock at the beginning of this year. So since Vanda took the lead, more and more institutions have joined the application for Solala ETF, and each time it boosts the price of Sol.
The third point is that once the ETF application is submitted, its deadline will be clear, which is usually 240 days, that is, until February next year, which happens to be the middle of the bull market, so it is still very exciting.
What’s more important is that its data is really impressive. Its 24-hour trading volume has repeatedly exceeded Ethereum, and its 7-day total trading volume is also 50-50 with Ethereum, firmly sitting in the top spot.
Therefore, Sol's potential is actually underestimated by many people. In this bull market, it is very likely to reach 700 or even 1000u.
As the leading Dogcoin on the chain, WIF can also be allocated a little, but don’t hold too much, because it is more stable to buy several different types of Dogcoin.
Like Pepe we talked about in the last issue, its rise and fall cycle is very clear. Every time it falls by 50-60%, it is the bottom. After consolidating for a few weeks, it will continue to rise sharply. It is expected that the next wave will rise to 0.025 to 0.03.
Therefore, Shuqin also laid a lot of ambushes. After all, it is only a few days away from the issuance of Ethereum's ETF, and Pepe, as the new leader of this round of local dogs, should have a lot of hype in the future. For example, this whale has increased his position by 80 million US dollars!
Please note, it is not 8 million, but 80 million, which is equivalent to 500 million RMB. This is no joke, it is too cruel.
Another coin he added to his position was Ondo, which he also bought 80 million of. His choice of coin is exactly the same as my idea. You see, he has made so many billions of dollars, which is definitely much smarter than you and me. So in addition to Sol, you can also buy some of these two coins, which are now discounted.
In addition, there are two very big potential positives in the market that deserve our attention. The first is that the German government has sold more than half of its bitcoins, reducing its holdings from 50,000 to 13,000.
At this rate, he will finish selling in about two weeks, so the 3 billion selling pressure will disappear by then, and at that moment the cryptocurrency circle is also expected to usher in a wave of bad news and start a bigger rebound.
In addition, Shuqin also received a mysterious email from the FTX liquidation team. This email means that the compensation hearing will begin in two months, and then they will return more than 10 billion US dollars to various creditor accounts. Note that it is returned in US dollars. When these creditors receive this 10 billion, more than half of them will definitely return to the cryptocurrency circle. After all, there is a strong bull market expectation this year, so these people, including me, will use this money to buy coins again, which will be a very, very large buying.
Moreover, I think the cryptocurrency market will start to rise one month before repayment, so don’t be afraid now, the cryptocurrency bull market will definitely come, and at the end of the year, Ethereum’s Prague upgrade will reach about 8,000, and Bitcoin will reach 100,000 by the end of the year, and then 150,000 or even 200,000 next year.
What we need to do now is to work hard to hoard coins, and when there are good opportunities, we should operate them and accumulate more capital.
For example, we have experienced multiple fluctuations in Ethereum. We received it when it hit the bottom of 2,800 three times. On Monday night, I told everyone not to rush to enter the market at 3,000, but to place buy orders at 2,850 and 2,920 to use static trading as a braking force. As a result, the transaction was completed within a few hours, and then it took off.
Without considering the leverage, these three waves have made a profit of 30%. If you add a leverage of two or three times, it will be really considerable. We have also benefited from a significant rebound in PEPE and BNB, so those who are interested in daily operations can come and have a look.
Okay, let’s continue.
Another major event in the market is the recent speech by the Chairman of the Federal Reserve, which revealed a lot of mysteries. For example, the focus of the participants is gradually shifting from inflation to recession and employment, which is obviously a signal of a shift.
Because if you look at the latest revised data from the Department of Labor, the number of employed people in April and May was revised down by a total of 111,000, a decrease of nearly 30%. So the US labor market is not as optimistic as imagined, and the previous overly high data is likely a face-saving project for Biden's election campaign.
On the other hand, the inflation data just released tonight has dropped to 3%. I said on Monday that CPI is good news and the cryptocurrency market will soar. The current 3% is not much different from the 2.5% before the epidemic, so the Fed's focus is likely to shift from tightening to releasing money.
Analysts at Citigroup predict that the Fed will start cutting interest rates in September, and will cut rates once at each subsequent meeting. By July next year, there will be a total of eight cuts, which will nearly halve interest rates. This is really a super-large release of money. And this is the incremental funds that our cryptocurrency circle has been waiting for for a long time!
So now the market is just a matter of time. The real take-off will come in October when all the negative news from Mentougou is exhausted, FTX releases tens of billions of funds, the US presidential election, Ethereum upgrade, Halloween effect and the Federal Reserve's massive money printing. With these six major positive factors coming together, Shuqin is really looking forward to the market after September.
Your Mercedes, your Porsche, and your Lamborghini will all be waving to you at the end of the year, so you must hold on, because the dawn of light is really just around the corner!
