After the market briefly reached 71,800 points last night, it quickly fell below 68,500 points, and then rebounded slowly. The market is now back to the high before the decline. 24-hour leveraged liquidation amounted to 240 million US dollars, including 140 million long positions and 100 million short positions.

The news said that this round of decline was caused by an unfavorable verdict in Coinbase's lawsuit. Sanshu always believed that the news was to serve the market. Data on the chain shows that before nine o'clock last night, a sudden influx of large amounts of money greatly increased contract positions in a short period of time. The market rebounded quickly and then shipped quickly, and a sky-high price short contract was placed at this high level. This is a typical dog dealer operation. As a matter of fact, a wave of rising and falling prices was artificially created.

Macroscopically speaking, ETFs had a net inflow of US$243 million yesterday, and ARKB suddenly added 2,517 units. This week, the overall net inflow was in a state of net inflow, and Grayscale's shipments gradually showed a slowing trend after the liquidation of its subsidiaries. Sanshu believes that at least judging from the current situation, the buying orders of ETF institutions are gradually showing signs of rolling. If there are a few more ETFs like ARKB that start to gain momentum in the short term, then the market will continue to reach new highs, which will be the next stage of the trend after the shock adjustment.

At 9:30 tonight, SBF will finally have its sentencing hearing, and the scene of the FTX thunderstorm after a year and a half is still fresh in my mind. Three Arrows Capital, FTX, Mentougou, etc. have all become the history of the currency circle. Only Big Pie has worked tirelessly on itself and has been testing new heights one after another in the cycle of trends.

Tomorrow will take place the largest options delivery in history, and the total volume of BTC and ETH options contracts will reach 15 billion US dollars. Sanshu believes that it is quite possible that this volume will have a huge impact on the market, but it will not be enough to affect the current macro trend. At present, the biggest pain point in the BTC seller's market is 50,000 US dollars, and the biggest pain point for ETH sellers is 2,600 points. If the seller really smashes the plate in order to reduce losses, it will be a very good opportunity for spot players, and they will directly jump into the future. The lowest position in half a year, of course, the probability is very low.

Many partners are lamenting that the currency we bought did not rise, and then sold out as soon as we changed positions. In fact, whether a currency rises or not has something to do with our understanding of buying it. If it is a currency with clear fundamentals and expectations, it is always a matter of time before it rises. If it is a coin with no expectations and is bought just because it does not rise, the probability of it not rising is indeed quite high. In the final analysis, this is still a question of whether you think you have expected it or not.

So, what should you do if a currency with expectations does not rise but falls after you buy it? It is definitely wrong to hold on to death, so you must stop the loss at this time. There is an expected stop loss position. If the direction is wrong, recognize it in time and change to the next target. Even if it falls later, it will take off again. It is impossible for us to make money from a coin that is beyond our own knowledge.

According to the current market dynamics, it is obvious that the old mainstream part has begun to take off. Generally, the start-up of this sector is long-term, unlike some copycats that disappear after one hit and never get back up again. Therefore, some partners who have not made much effort and have currency holding knowledge can focus on it. Secondly, there is the public chain sector. Once the ecology starts, it cannot be stopped in the short term.

Today, member FOR's position has slowly risen to 140% in one month, achieving the 17th zero-cost position in the circle. The third uncle also set a small goal, which is to push 100 doubling coins before the bull top. The market is still early. Friends who are familiar with Sanshu know that the doubling layout of Shanzhai must be slow-growing, which is sustainable and the project side is stable. The kind that goes up with a big positive line can easily come down with a big negative line. We don't have to risk our lives to make money.

Someone in the Solana ecosystem has recently come out to raise funds. Huang Licheng, a veteran cutter, raised 200,000 SOL through personal recommendation. It is really hard for me to understand who is funding him. If he really has some coins to spare, Uncle San wouldn't mind disclosing his address and reluctantly accept them.

BTC: The big pie maintains the judgment of the past few days. In fact, the market quickly pulled back after falling to 68,500 points. The effect of trend support is relatively strong. Short-term leverage clearing or rebound relay adjustment will not have much impact. Just hold and wait and see.

ETH: Ether has been replenished by 10%, so I won’t pay attention to it in the short term.

L2: This wave of bargain hunting by ssv is still good. Several entry positions still have at least 50% of the chips, and there are still expectations. OP is still strong but is still adjusting. According to arb news, it is going to be pledged. If it can be implemented, it is expected to speed up the adjustment of the evaluation of this stable currency. In any case, the banker's plate control is quite good.

Others: gala and ygg in the chain game sector are both rising pretty well, with prices rising; HK concept cfx, ach and mxt have also started, and fans city, flow and chz have also entered the gainer list. As mentioned in last week’s article, you have to control the shipping point yourself and just wait and see. Let’s pay attention to EOS and LTC, the established currencies, they will be stronger in the long term.

Finally, stay away from leverage and stock up on spot stocks! ​​​#BTC #LTC #SHIB $BTC