Why is the market going so hard:

First, the market rose too much in the last round. There should have been a big wash in January, but there was no adjustment. So the adjustment started in March. Then this adjustment should be an unprecedented big adjustment. So I said in January that I would come in to buy the bottom when the leading copycat ORDI adjusted to 20u.

Second, it is necessary to deleverage. Too many long contracts have been accumulated, and there must be a huge amount of liquidation. As a result, August 5th was the time with the largest amount of liquidation in the history of the currency circle. Since it is the first in the currency circle, I think it is impossible to appear below 49,000 in the short term. In other words, the bottom is 49,000. The so-called recent second exploration should not be lower than 49,000, and the limit position is 50,000+.

Third, the current position is near the high point of the last bull market, and there are still many locked-in positions to be washed out, so there must be rebound adjustment and shock. This needs to be extended. So don’t feel strange even if it continues to fluctuate in September and October. This is a good thing. The longer the accumulation time, the stronger the explosion will be later, and the more you will earn from copycats.

The market is in a state of confusion again! Is the outbreak of a new round of market conditions the prelude to the golden September or the gift of the autumn wind in October? This round of market conditions heralds the arrival of the third wave of the market, and an unprecedented surge in volume is about to take place! Friends, are you ready for the carnival of the market? This is not just a simple rise, but a historic opportunity that may rewrite the investment landscape. How will the third wave of the wave sweep the secondary market and bring the last carnival to the altcoins? How will the next big wave of the market rewrite our wealth landscape? Is the time window next year's spring or some earlier moment? I firmly believe that opportunities are always reserved for those who are prepared. Let us look forward to and prepare for this financial feast together! Whether you are a senior investor or a novice entering the market, this round of market conditions should not be missed. Come to the comment area to share your views. Are you optimistic about the September departure or betting on the October storm? Let us witness and discuss the changes in the financial market together.

Hey, fellow cryptocurrency hunters, have you noticed? SATs are quietly brewing big moves, and the increase is coming quietly! Have you heard of it? When SATs moves, BTC will laugh. When the market is quiet, it is often the golden time for the main force to be ready to go. Imagine that when the market sentiment is low and no one cares, a shocking red K-line appears out of nowhere, directly pushing BTC into the arms of the bulls. How spectacular it will be! And now is the perfect time for you to lay out altcoins. Don't forget that after September, altcoins may become an important engine for your wealth growth. If you are a long-term holder with a unique vision, then remember this iron rule: before the interest rate cut, buy decisively; before the interest rate hike, sell smartly.

The market is going to rise again, and this wave of rebound is eye-catching! However, the daily level has not seen effective volume increase. Is it ready to go or is it hidden? Can it successfully build a bottom this month and usher in a new starting point for October? Let's discuss it together!
The market is always looking for direction in fluctuations. Although there is a rebound at present, the lack of trading volume makes people doubtful. Are investors cautiously watching, or are funds brewing bigger moves? From a technical point of view, various indicators are gradually stabilizing, and the bottom pattern is becoming clearer. If the bottom can be successfully built this month, it will undoubtedly lay a solid foundation for the next market. October may become the starting point of a new round of market rise. Let us wait and see, and witness a new chapter in the currency circle together!
The market is unpredictable, but every fluctuation breeds new opportunities. How do you think the market will perform after this rebound?

9.03 Morning Post:

The market reached an extreme "emo" yesterday, with people everywhere looking down on the market, and then someone
✍️
posted an article, and it rebounded.

1. $BTC rebounded to 59,000 after falling below 57,000, and the price of the big cake is as strong as ever;

2. The exchange rate of $ETH rebounded after bottoming out. It seems that as long as it is scolded, it will perform better;

3. $SOL fell below 127 yesterday and has now rebounded to 135. A lot of people are waiting for it to fall below 80. Will the direction really be as they expected?

4. As the release date of $BNB @cz_binance is getting closer, a lot of people are starting to bet on it, so will everything go as planned?

5. $VISTA started to be popular with "archaeological excavation" on the third day after its appearance, with a daily increase of more than 3,000%. It is considered a rare "golden dog" recently. Most people's lp has basically made no money, and those who hold it at the second level have made a lot of money;

@V1JeromeLoo Lao Wang said that it is almost 7x now;

6. @SushiSwap announced the launch of a new function for the issuance of Meme coins Dojo;

Ancient products are starting to launch memes. Is it too late or too late?

7. Ripple Chief Legal Officer: The US SEC should stop using the fictitious term "crypto-asset securities" to mislead judges;

8. Ethena Labs announced that the second quarter ENA airdrop will be open for application on September 30;

9. Dolomite co-founder Corey Caplan joined the Trump family encryption project as an advisor;

10. After the arrest of Telegram's founder, Russian people are worried about losing their "main source of information";

11. The ETF Store President: The top four in terms of capital inflows among the approximately 400 newly listed ETFs in the United States are all Bitcoin spot ETFs;

12. The LayerZero Foundation announced that the community plan is now online and will distribute 5 million ZRO tokens as rewards;

If nothing else, among the airdrops launched this year, only $zro did not plummet;

13. UniSat will adjust the Fractal test network engraving service fee to 0.01 tFB;

There is a legend @fractal_bitcoin A huge amount of marketing fees was given, I don’t know if it’s true or not, no one around me received the money;

14.NULS released the mainnet v2.20.0 version: support BTC/ETH as gas fee;

15.After plagiarizing @pumpdotfun, @justinsuntron began to plagiarize @MagicEden’s NFT version, @apenftorg NFT transaction fees 100% will be used to repurchase and destroy $NFT;

-----------

What is the best mentality in the cryptocurrency world?

I think the best mentality in the cryptocurrency world should be: it’s best if it goes up, but it’s OK if it goes down.

They are either investing regularly, or doing reasonable hedging and arbitrage, or just hoarding coins with peace of mind, etc. In short, they can achieve the state of: more money if it goes up, more coins if it goes down.

In fact, this state is relatively easy to enter, just don’t bet on the same direction with a full position. Of course, the more important thing is that people with this mentality have much more confidence than those who can only go up but not down. The reason why they are calm enough is: they believe in their own judgment enough.

2024.9.2 Market Analysis

The recent lows of Bitcoin are getting lower and lower, and the rebound strength is getting lower and lower. The upper pressure is still at $60,000, and the heavy pressure is at $62,800. The lower support is at $54,000. If it falls below, pay attention to the 50,000 mark. For Ethereum, pay attention to the pressure level of 2,600 above, and the lower support is at $2,200. September is difficult to start, and it is normal for both long and short positions to be killed. There will be a market around the day when the non-agricultural data is released. Wait patiently! It was not easy to do it at the beginning of September, but it will get better and better later. As for the cottage, you have to wait. The market is not good these days, and it is not the time to buy the bottom. The direction will be revealed in a few days!

Don’t ask if there is still a big bull market? Believe it first! The start of each round of bull market is generated in despair.

Before the arrival of the big bull market, the market often experiences a period of intense wash-out, which is often accompanied by the explosion of high-leverage positions.

Take 2021 as an example. Before the 312 incident, the market cleared almost all long leverage through a large-scale liquidation. On that day, almost everyone who used leverage to go long suffered a blowout, and even some short sellers were swallowed up by market fluctuations when trying to buy the bottom.

In the end, only those determined shorts, those professional short sellers, were not shaken by market fluctuations. But even so, they were not spared from the continued rise of the market after 312 Looking further ahead, on the eve of the bull market in 2017, the entire currency circle was almost dominated by Chinese people. However, after the 94 incident, not only was the blowout volume huge, but even domestic exchanges were forced to close, and many spot holders also chose to liquidate and cash out. After they sold all their chips, they couldn't even find a place to buy again.

But just two months after the 94 incident, Bitcoin and other altcoins began to soar all the way, and the price of Bitcoin directly rushed to nearly 20,000 US dollars.

Therefore, the more intense the market wash, the more violent the subsequent rise is often

BTC's downward channel is open, will the cryptocurrency market be unable to escape the big drop in September?

August has closed perfectly, closing above 58,000 US dollars; whether it is a coincidence or not, it is already history that cannot be changed.

On the first day of September, the cryptocurrency market started a negative decline, which was another depressing day for those who hold spot goods.

However, since April this year, this trend has been maintained for half a year. Everyone should learn to adapt slowly, because if you choose this road, you have to walk it on your knees.
As for hearing many people say: At present, the monthly line of Bitcoin is in a downward channel, and the high and low points are indeed moving downward, but it does not mean that the market will continue to fall.

When most people in the market can see that the market has reached its peak and is about to enter a bear market, it should be paid special attention, because there is a 28th law in the financial market.

Everyone knows that the cryptocurrency market in 2024 is completely different. With such an obvious top coming out, everyone clears their positions. Isn't it that the main force has become the one who sends money! Think about it, this thing is still unlikely to happen.

This is a test. Some people get off the bus halfway, some jump off the bus halfway, and some are driven off the bus. No matter what, as long as you stay on the bus, you will reach the destination.

Many people are not optimistic about September. Indeed, judging from the current trend, it is impossible to be optimistic; but the real results of investment are long-termism.

There are always people who become cannon fodder. It depends on who can't bear it first. Only by maintaining an optimistic attitude can we live well in the present and grasp the future.

Shocked! The whereabouts of the huge sum of 900 billion yuan is a mystery, the market value of the oil giant has shrunk, and the stockholders are deeply trapped. How many unknown secrets are hidden behind the market? Imagine that the astonishing flow of 900 billion yuan has caused the market value of the oil giant to shrink to 1.63 trillion yuan. It makes people curious: where did the money of listed companies go? Those 17-year-old stockholders who had been guarding at a high of 44.53 yuan finally understood why they were trapped so deeply. Greed and termites are quietly eroding the health of the market, and people can't help but reflect on why value investment is gradually going away? Do the two major petrochemical giants also need to be subject to the same scrutiny? We have witnessed the glory of the economy for 30 years, but now the market is in chaos. What is the root cause? The key to rebuilding the confidence of stockholders, returning the market to rationality, and realizing the long bull dream of the A-share market is to fill the loopholes in market rules, strengthen legal supervision, and ensure the transparent operation of listed companies. The promotion of compensation rules for delisting of individual stocks is undoubtedly a shot in the arm for the market. We look forward to its early implementation to restore market confidence and attract backflow of off-market funds.

9.02 Morning Report:

1. $BTC fell below 58,000 and is currently fluctuating around 57,000. The most terrifying decline is the one without volume;

CryptoQuant analyst: Bitcoin Pool multiple indicators fluctuate between 0.6 and 0.8, suggesting that it is close to a favorable buying level;

2. $ETH has been re-pledged so far. I really want to know what kind of scene will appear if @eigenlayer is opened;

3. $SOL can't hold up at all and has now fallen below 130. It is reported that the first batch of OTC institutions are dumping the market;

4. $BNB is still relatively strong compared to others, and has been waiting for @cz_binance to come out;

5.Muse Labs founder: Historically, the stock market has usually performed poorly in the two months before the US election;

6.Startale Labs CEO: Sony Blockchain Soneium is focusing on creative IP to build a universal creation platform;

7.Scroll Foundation X account is suspected to be online, and TGE may be released and airdrop news;

There are quite a lot of projects about to TGE in September;

8. Unisat: PizzaSwap testnet release time is planned to be postponed for 12 hours;

9. Uniswap Labs: 98.9% of the new DEXs on Base are based on the Uniswap protocol;

10. The number of users of Telegram applet FreeDogs has exceeded 5 million, and airdrops will be made to community users;

11. Babylon said that native BTC staking will soon land on the Bitcoin Layer 2 network;

12. @justinsuntron: @sunpumpmeme is about to launch a new feature SUN BOOST;

$SUN is one of the strongest performing coins. It is unlucky to encounter such a bad market;

13. Data: @pumpdotfun has a total revenue of more than 101 million US dollars and has sold 250,000 coins at an average price of 158 US dollars SOL;

It’s not enough to open a casino, but it also destroys everyone’s jobs, which is extremely abominable;

14.Coinbase is building an SDK that can give bot/AI trading, transfer and cross-chain functions;

2024.9.1 Major events in the cryptocurrency circle

1. SUI unlocks tokens worth $51.34 million:

2. Galaxy Research analyzes that Ethereum spot ETF trading volume is lower than Bitcoin:

3. The total amount of Ethereum beacon chain pledged exceeds 34.3 million ETH:

4. Jump Trading holds crypto assets worth $328 million, with stablecoins accounting for 53%:

5. Ethereum Gas fees soared 159.3% in 10 minutes:

6. CertiK reported a loss of more than $300 million in the crypto field in August:

7. CME predicts that the probability of the Federal Reserve cutting interest rates by 50 basis points in September is 30%, and the probability of cutting interest rates by 25 basis points is 74%:

8. Vitalik Buterin has not sold Ethereum for profit since 2018;

9. Vitalik Buterin believes that DEX is more convenient than CEX:

10. UNI front-end transaction fees reached $61.27 million:

11. Starbucks accepts Bitcoin as payment in El Salvador:

12. Peskov: Russia questioned Telegram, but no one arrested Durov:

13. Yesterday, four Bitcoin ETFs had an outflow of $164.5 million, and GBTC had a net outflow of $70.2 million:

14. Trump and Harris may make more remarks on cryptocurrencies:

15. Russia will begin trialing the use of cryptocurrencies for cross-border payments next week

If the market is not good, you can become a KOL. The trading income of KOL is low, and there is basically no risk. You can collect knowledge payment, do rebates, accept advertising and promotion, get on the whitelist of project parties, get airdrops from project parties, make money steadily, and establish long-term pipeline income.

Hey, attention to the cryptocurrency fans! A mysterious month is coming, it always brings a hint of coolness and the "traditional" trend of the market - September, which has historically shown a downward trend. This time, can the market break the curse and stay out of trouble? Let us wait and see? Tomorrow is September, do you predict an increase or a decrease?
The cryptocurrency market in September has always been the focus of investors. Traditionally, affected by seasonal factors, the market tends to show a cautious attitude during this period. But don't forget that the market is a game full of variables, and each history is different. From the global economic situation to policy orientation, to market sentiment, every subtle change may become a turning point. So, will there be any surprises in September this year? Is it following the footsteps of history, or is it a reversal? Let us pay attention together and witness the changes in the market!
September is here, are market forecasts ready? Whether it goes up or down, it is part of the market. Remember, rational investment and long-term layout are the kingly way

9.1 Morning Report:

1. $BTC weekend market, calm, wait for the weekday;

2. $ETH closely follows $BTC, various things about @VitalikButerin begin to appear, discussions and debates;

Vitalik: Since 2018, I have never sold Ethereum for personal profit;

3. $SOL rebounded well, after all, the main theme#memecoinis going to fail;

4. $BNB can be seen to be carefully protecting the market, everyone is discussing and preparing for a big wave to welcome @cz_binance;

5. Yuga Labs CEO: Workshop team has been launched to focus on building innovative ApeChain products;

6. UniSat: Public mining pool FairPool has been launched on the Fractal test network;

7. Symbiotic TVL exceeded 1.6 billion US dollars, with a 32.68% increase in the past month;

8. HKDAX Submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission;

9.Floki: Completed the CAT airdrop snapshot for FLOKI holders;

Will find time to write a related article, there are too many "tricks" in it;

10.Tron Network's revenue exceeded 36 million US dollars in the past 12 days, and the mainstream CEX U withdrawal fee doubled;

@justinsuntron dares to repurchase and destroy $TRX with profits?

11.Uniswap will cooperate with Pudgy Penguins in the Korean Blockchain Week;

Who is attending the conference in Korea?

12.@SolvProtocol ranked first in the BNB Chain ecosystem TVL competition, and more than 10,000 BTCB were pledged to SolvBTC;

13. Pure#memecoinon dex seems to be no longer working, and it has begun to speculate on the type with "applications". For example, I won't mention it, and it is suspected of shouting orders;

And the market value is quite large, and it can be pulled up by more than 50% on the same day;

Talking about inscriptions: The recent volatility of the inscription market can be described as turbulent. We have witnessed a sharp rise in prices and also experienced a situation of continuous plunge.

Nevertheless, it is not difficult for those who really understand the market to find that the current interest of speculators in inscriptions has declined. However, as a new sector last year, I don’t think that the dealers will easily give up the inscription market.

After all, inscriptions once brought rich profits and a high tide of income for miners in the Bitcoin ecosystem for several months.

Therefore, I personally think that miners will not easily give up this market.

Whether the future of inscriptions can rise again depends on the pattern and innovation ability of miners. Whether they can bring new breakthroughs will be an important factor in determining the fate of inscriptions.

Are you still optimistic about inscriptions?

What are your favorite inscriptions?

Whether it is Rats, Sats, Ordi, Pizza, or BTCs, Insc, 0001, Defi, PGID, etc....

This whale/institution continued to withdraw 7,502 ETH ($18.82M) from Coinbase 5 hours ago.

He has withdrawn a total of 29,414 ETH ($74.49M) from Coinbase in the past 4 days, with an average price of $2,532.
Then all of them were deposited into Lido to earn the current annualized staking yield of about 2.8%.

https://debank.com/profile/0xb7eaef912a558d4c6e514159e994cffd2ed09108…

2024.8.31 Market Analysis

Today is the weekend, and it is expected that there will be no market. It will continue to consolidate in a wide range. The high is under pressure near the 59950 line, and the price fluctuates back and forth in the range of nearly 2,000 points. Today, the market is under pressure and has moved downward again. The price has broken through the previous low. It has only rebounded after touching the 57700 line. There are signs of recovery in short sentiment. If the price cannot stabilize above 60,000 during the day, there is a risk of further correction in the market.

From the 1-hour level, the currency price range fluctuates back and forth more flexibly. Although the current price has rebounded strongly after touching the 57700 line, the price has also returned to the 59000 position. However, this wave of continuous price declines has adjusted the Bollinger Bands to a shrinking state, and the current market is running in the area near the middle track. If the subsequent rebound cannot continue to break through the suppression of the middle track, there is a risk of further downward movement in the market. Bitcoin is still in a volatile downward rhythm. From the MACD point of view, the fast and slow lines are still below the zero axis, and the bar chart has turned green many times, indicating that the market is still in a weak state. The daily EMA30 forms a first-line suppression. If there is no strong rebound to break through the sub-regional suppression during the day, there is a risk of continued price correction.

In August, the capital curve retreated by about 15%, close to the lowest point of the year. This is mainly because the 30% position held in ETH has not been very strong in this bull market. However, compared with SOL and TON in the long run, I still believe that ETH is the only coin that can keep up with the growth of BTC, and I will hold it firmly.

8.31 Soha Morning Report:

1. $BTC followed the decline of US stocks, fell below 58,000, and now rebounded to 59,000;

BlackRock's Bitcoin ETF has suffered its first loss since May;

2. $ETH's performance earlier had a feeling that the cottage season was coming, but finally broke the illusion and continued to follow the decline of BTC;

3. After $SOL gave up resistance, it almost fell below 130 yesterday. It has rebounded and is the one with the largest decline among the BIG 4. After all, the#memecoinon which it depends for survival has fallen badly;

4. $BNB has the smallest decline, and it may also be that the recent decline is too large and has been corrected;

5. @justinsuntron learned from @SBF_FTX's speech, $SUN rose by more than 20%, attracting everyone to short + ridicule;

6. On August 30, 10 Bitcoin spot ETFs reduced their holdings of 1,193 BTC, and 9 Ethereum ETFs reduced their holdings 1,750 ETH;

7.Coinbase: Bitcoin has lagged behind stocks since the deleveraging event in early August;

8.Base network becomes the top Layer 2 in weekly transaction volume;

9.StakeStone team proposes to integrate its STONE token into Aave V3's Scroll chain;

10.SafeDAO proposes to impose a licensing fee on protocols integrated into Safe Wallet to open up a source of revenue;

11.UniSat launched the developer center and will upgrade its API service on August 31;

12.Soneium Spark incubation program will open public applications in the next few days;

13.Kaiko: Mt Gox still has 46,000 BTC to return to creditors, and the holdings of governments and institutions also bring potential pressure;

14. Four.meme and BNB Chain announced the launch of a new accelerator program to empower Meme coin projects;

15.After the early morning plunge, most tokens began to rebound, cherish the market;

It seems that Wintermute intends to sell all the coins redeemed by Lido?

In the past 7 hours, Wintermute has recharged 8006 ETH to#Coinbaseagain, worth 20.53 million US dollars, with an average price of $2529

Since 08.27, Wintermute has transferred a total of 24,007 ETH (about 60.12 million US dollars) to the exchange, and the wallet currently still holds 6,000 ETH https://platform.arkhamintelligence.com/explorer/address/0x13D5CfC9758060C2977406c3532200D095f91F9F…