Last night, the CPI data was released. The previous value was 2.9%, the expected value was 2.6%, and the announced value was 2.5%, which was lower than expected. In theory, it is a big positive! At present, the biggest consensus for the Fed's interest rate cut on September 18 is 25 basis points. A few days ago, I saw a 24% probability of betting 50 basis points on the betting website over the weekend, but yesterday it was only 9%, leaving a 90% probability of 25 basis points.
In the last 24 hours, a total of 44,265 people were liquidated, with a total liquidation amount of $148 million. The largest single liquidation occurred on Binance - ETHUSDT worth $11.821 million.
The price has not changed, but the positions are gone. Many people are bearish on ETH, but there are probably more people who are long on ETH, all betting on ETH’s rebound. It has to be said that Vitalik’s believers are second only to Satoshi Nakamoto.
No matter who comes to power
It's not good news for oil prices, but it's good news for the cryptocurrency world! Biden and Harris have made some compromises on energy issues. Trump actively supports electric vehicles, and Harris has a major change in his attitude towards the traditional oil industry. Harris has also begun to support the development of shale oil. The consensus of both sides is to lower US oil prices.
Bitcoin's slight pullback is easy to grasp, and both long and short positions exploded, that's all!
After the news was released, the price first went up and then fell, and then went up again. This wave of washing was also fierce. Those who were long or short were all hit, unless they were very determined, otherwise they would be carried away. Yesterday, the callback range of 54700-55700 was given. The BTC price fell very accurately in this range and then began to rise. The price has broken through 58000 in the morning. Whether it can stand firm will be seen at the close of tomorrow. If it cannot stand firm, it will fluctuate for a few days before rising.
It should be noted that if the remaining two trading days this week fail to achieve a breakthrough and stabilize, the bullish sentiment will decline next week. At the same time, next week will face a critical time for monetary interest rate adjustment. Before the interest rate decision, the overall sentiment of the risk market will be relatively conservative. At the same time, after the interest rate decision is completed next week, the dot plot released at the same time will reveal the future rate cut rhythm, which will have a greater impact on the market. So I think this week's breakthrough and stabilization may be a good time, of course, it is also good to maintain a conservative expectation of small fluctuations.
Primary market information: Continue to pay attention to RGB++. SEAL has recently adjusted. Wait for more positive news from RGB++. You may consider buying in batches later.
The rune market is still sluggish, so wait and see. The Fractal Bitcoin mainnet has been launched, and the block will reach 21,000 (4 days later) and officially start trading. Pay attention to the development of the ecosystem. FB had few airdrops in the early days, so pay attention to the high-quality projects in its ecosystem.
OpenAI is seeking a new round of financing with a valuation of 150 billion. If Sam and his team keep working hard, they may have a chance to reach ETH's 300 billion market value in two years. Now, it is still a little young. OpenAI's last round of valuation was 100 billion, which is a little short of the highs of SOL and BNB.
The cryptocurrency world is still good, with higher valuations, but ETH's ETF sales have not been very good! If you want to make money in the cryptocurrency world, "valuation only, not prediction" is very important, but the valuation here is actually not a valuation of the project's fundamentals, but an emotional valuation most of the time.
The valuation of the cryptocurrency industry is actually: estimating how long and how far the narrative can spread, how much money will be invested by the majority of people, estimating which link you are in, and estimating how much position entry and exit the liquidity can support...
If Buffett knew that I used valuation in this way, he would shake his head.
Now the primary market's market manipulation techniques are becoming more and more professional, and the primary market will become more and more secondary. Previously, a group friend asked me how to use on-chain analysis to find the market data. You can use the main network's Cate to do an exercise. There are 54 known market makers' stockpiling wallets, and there are 2 main market manipulation wallets. See if you can find them.
Each sector has its leading coins and some emerging coins! If you don’t know them, collect them! Come in and talk about which coin you think is good?
1. Public chain sector
Leading coins: BTC (Bitcoin), ETH (Ethereum)
New coins/potential coins: SOL (Solana), BNB (Binance Coin), AVAX (Avalon), DOT (Polkado), etc.
2. DeFi (decentralized finance) sector
Leading coins: AAVE, COMP
New coins/potential coins: CRV, DYDX, RDNT, UNI (Uniswap), etc.
3. AI (Artificial Intelligence)
Leading coins: AGIX, FET
New coins/potential coins: WLD, NMR, RNDR (Render Token), etc.
4. NFT (Non-Fungible Token) Section
Leading coins: BLUR, LOOKS
New coins/potential coins: DYDX (new application in the NFT field), SUPER, DEGO, etc.
5. Layer 2
Leading coins: OP, ARB
New coins/potential coins: METIS, IMX, ZKSwap, etc. These projects are committed to solving the scalability and performance issues of blockchain
6. GameFi (Game Finance) Section
Leading coins: SAND, GALA, MANA
New coins/potential coins: ENJ, PIXEL, ACE, ILV, MAGIC, YGG, etc. These projects combine games with finance to provide economic incentives for players! !
7. Oracle Section
Leading coins: LINK, TRB
New coins/potential coins: API3, BAND, etc. These projects provide data sources and information verification services, which are crucial to the development of DeFi and other fields
8. Payment concept section
Leading coin: XLM (Stellar Lumens)
New coins/potential coins: MOB, ACH, CELO, etc. These projects focus on blockchain payment and cross-border payment
9. Storage section
Leading coins: AR, FIL
New coins/potential coins: STORJ, BLZ, etc. These projects provide distributed storage and data transmission services
10. Modular Sections
Representative currencies: TIA, DYM, MANTA, ALT, etc. These projects provide modular and customized blockchain solutions
11. Sports Section
Representative currencies: CHZ (Chiliz), SANTOS, POR, CITY, OG, etc. These projects focus on blockchain applications in the sports industry and sports events.
12. Web3 Section
Representative currencies: DOT, FIL, GRT, etc. These projects are committed to building a new stage of a more intelligent and decentralized Internet
13. MEME
Leading coins: DOGE (Dogecoin), SHIB (Shiba Inu coin)
New coins/potential coins: PEPE, FLOKI, BABYDOGE, etc. These coins attract investors with their unique community culture and cute pet images
It should be noted that due to the rapid changes in the cryptocurrency market, new currencies are constantly emerging and updating themselves at any time! In addition, I would like to remind everyone! The trend of the cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. When participating in cryptocurrency investment, investors should fully understand the relevant risks, remain calm and rational, and respond to market changes with a steady strategy!
