It has been falling recently. It has broken through layers of support. If the non-farm data tonight is negative, it will fall further. It will directly point to 52,000 and 49,000. #BTC #非农就业数据 #加密货币 #cypto
Why are the copycats in the market now as if they are dead? The main reasons are these: 1. There are too many new coins listed on the exchange, and the review of new coins is not strict. In the past three days, multiple new coins have been listed, including ZK, ZRO, IO, and LISTA. The market value of the new coins listed is too high, the false propaganda is serious, and the number of tokens unlocked is huge. 2. Market liquidity is insufficient, there are too many copycats, first- and second-level copycats are seriously sucking blood, ETF funds slowly flow into BTC and ETH, and copycats have insufficient liquidity. 3. Most projects have no structure. They just sell them when they go online. They basically don’t protect the market. When the old coins disappear, they directly exchange them for new coins and continue to harvest. 4. The market speculation has disappeared, and prices will fall at the slightest sign of trouble. Value coins and fans do not accept each other. Now it is difficult for the market to collect coins, and the long-term value will directly return to zero. The only hope for the market is that institutions work together to pull the market, the Ethereum ETF passes transactions, liquidity increases, the war ends, interest rates are cut, and the presidential election is held!
$104.23 million worth of tokens to be unlocked next week TokenUnlocks data shows that approximately $104.23 million worth of tokens will be unlocked between June 24 and 30, including: 1.OP unlocking ratio is 2.88%, worth US$57.36 million; 2. ALT unlock rate is 6.92%, worth $21.27 million; 3.YGG unlock rate is 4.48%, worth $11.15 million; 4. PRIME unlock rate is 1.83%, worth $7.99 million; 5.AGIX unlock rate is 0.67%, worth $5.81 million; 6. ACA unlock rate is 0.46%, value $340,000; 7.TORN has an unlock rate of 2.41% and is worth $290,000.
Today, the AI sector is basically rising, driving all market sentiments to start to reverse. Emotions have accumulated to a certain extent, and the time for consolidation and accumulation at this position is not short. Night is another important game time. If you continue to choose to break upward, then the pressure will turn into support and the market will follow. ! !
What is the reason for the decline of major altcoins?
The recent market has struck a chord with anyone trading altcoins in 2017 or 2021. Across more than 115 coins, the average price has fallen by 50% from its 2024 highs. What is the reason for this altcoin decline?
One of the key factors in surviving the altcoin bear market is effective risk management. Token unlocking and unfavorable liquidity indicators were the main triggers for this altcoin crash.
The large unlocking of altcoins is difficult for the market to digest. Additionally, Bitcoin miners have begun selling off their Bitcoin inventories, with ETH balances on exchanges increasing by $2.5 billion, which was previously linked to potential selling pressure.
Market hot spots: 1. ETH ecological projects led the rise: ENS, LDO, RPL, PENDLE, CVX, MOG, PEPE and other projects rose, and pledged old coins became the darling of the market. ENS is favored by Vitalik, and the ETH ETF is expected to be approved in early July and may become the main line of the market in the next month. 2. Bankruptcy-related projects rebounded: FTT and USTC prices rebounded. FTX victims strive for the direct return of $8 billion in assets, and the order of FTT token holders in bankruptcy compensation has attracted attention 3. RWA project performance: ONDO cooperates with DRIFT of SOL chain to promote price increase 4. New developments in the gaming field: UDS surged, achieving a 3-fold increase. Undeads Games is a doomsday survival MMORPG game on the ETH chain, developed by an American team from PayPal and Animoca, with a market value of US$200 million.
List some popular track varieties for your reference. 1. Solana sector: LYTH, JUP; 2. AI sector: wld, FET; 3. MEME section: WIF, BOME; 4. RWA sector: ONDO, TRU; 5. Storage sector: AR; 6. Modularization: TIA; 7. Chain games: PIXEL; 8. Big pie ecology: ORDI, STX Generally, you can choose 1 layout for the landmarks in each section!
Which of the two new coins, ZK and IO, has more potential after they go online? We exclude on-chain news. Judging from the strength of the launch, IO is definitely better. IO has risen from the opening of 3.5 to the highest level of 6.5. Even with the recent continuous decline, the price is still around 4. Compared with the previous coins that have fallen online, it is already unique. After hitting the bottom, there may still be dealers who continue to make heights. ZK went from 0.29 to 0.23 and has fallen by nearly a third. Looking at the trend, it is still going downwards. There is no big fluctuation. It may continue to fall. The probability of the dealer making a high rise in the follow-up of this kind of continued fall is not very high. For reference SAGA
Which of the two new coins, ZK and IO, has more potential after they go online? We exclude on-chain news. Judging from the strength of the launch, IO is definitely better. IO has risen from the opening of 3.5 to the highest level of 6.5. Even with the recent continuous decline, the price is still around 4. Compared with the previous coins that have fallen online, it is already unique. After hitting the bottom, there may still be dealers who continue to make heights. ZK went from 0.29 to 0.23 and has fallen by nearly a third. Looking at the trend, it is still going downwards. There is no big fluctuation. It may continue to fall. The probability of the dealer making a high rise in the follow-up of this kind of continued fall is not very high. For reference SAGA
The Ethereum network destroyed a total of 4,330,294.27 ETH [A total of 4,330,294.27 ETH was destroyed on the Ethereum network] Golden Finance reported that according to Ultrasound data, as of now, the Ethereum network has destroyed a total of 4,330,294.27 ETH. Note: Since the introduction of EIP-1559 in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this part of the fee will be directly burned and destroyed.
morning paper 1. Market trend: Bitcoin fell, and Korean retail investors worried about the new regulations in July and panicked selling of altcoins. The eth/btc exchange rate is strong, and the main line of the market revolves around the eth system. U.S. stocks hit new highs for seven consecutive days, and the U.S. dollar index rebounded. 2. Market hot spots: 1. Eth-based ens, ldo, rpl, pendle, cvx, mog, pepe, etc. are rising, mainly old pledged coins, and the chip structure is fully circulated. ens is favored by V God. Eth etf will be passed in early July, and it will most likely be the main line of the market in the next month. 2. The bankrupt FTT and USTC rebounded. FTX victims seek to return $8 billion in assets directly to customers, rather than being included in the bankruptcy estate in order. The difference is that FTT token holders are last in the order of bankruptcy compensation. 3. RWA’s ondo rises and cooperates with the sol chain’s drift. 4. The game UDS has tripled. undeads games is a doomsday survival metaverse game mmorpg on the eth chain. It mainly involves driving and shooting zombies with guns. The American team comes from Paypal and animoca, with a total market value of US$200 million. #BTC #美股 #ETH #pepe
I've heard a lot of voices lately about what kind of bull market this is, and they haven't made any money. Still being caught losing money
1: Cottage experienced April halved, May just took a breath, June again halved, currently the market is still rising again coins are a small part of the strong coin hotspot coins, so the screening of currencies is very important, the big pie has broken on New highs in the wave bull market. If you continue to lose money. Also consider that there is something wrong with your trading ideas 2: Making money in the currency circle is never easy, enter this circle to do trading on two points to do a good risk management and trading mindset adjustment, even some people say want some wave bull market again ten times a hundred times, I want to say. If you can double it, it's a good coin. Lower your expectations and you won't lose more. If you do well, you won't be rich, at least better than 80% of people 3: The current market is considered to enter the wash stage, when most people believe that the bull market has come, then this time you have to pay attention: buy in no one cares, sell in the crowd. Recently at this time node, the cottage fell again and again, the market panic index is getting higher and higher, things must be reversed, the purpose of the dog house has been achieved, the people who got off the car got off
When it comes to the question of whether the copycat season will come, a few points to note are: 1. The expected interest rate cut has not come, but this expectation is already on the way, which is equivalent to external water release. In addition, everyone in the US election wants to win the crypto market cake. 2. There will be a copycat bull market in this round, but because the volume is too large, the increase will be smaller, the sectors are scattered, each sector has the ability to attract, and the degree of dispersion of funds will be far greater than before, so most copycats will not have the same effect. meme trend 3. Ethereum ETF is very important for the start of this round of copycat bull market. You can see that previous ETFs can also drive the rise of copycats through market expectations for the big pie. Ethereum is equivalent to the leader of copycats and will bring buying sentiment to all coins. 4. The current total market value of altcoins is close to that of the bull market, but there are still many coins that have not outperformed the market, indicating that the market has entered a new normal, and will not be like the last round of bulls, where all sectors and all projects joined hands with ATH to continuously hit new highs. , this round will further test your ability to select coins.
morning paper Market trend: 1. When the market falls, copycats generally fall. eth etf is scheduled to pass this summer. 2. The US stock market is volatile, and the decline in ppi industrial inflation is good for interest rate cuts.
Market hot spots: 1. Meme’s BOME rose, and Coinbase launched contracts. 2. Robot banana rose to a new high. Banana is a native trading robot on the eth and sol chains, with more than 1.5 million weekly active users. Banana’s current market value is US$500 million. During the same period, the leading company Unibot has completely fallen to a market value of 900wu. The competition on the robot track is brutal. 3.ai’s ar fell. Only 1/3 of the new currency ao is given to ar, and 2/3 is obtained through eth staking mining. Adopting a 4-year halving model similar to Bitcoin, it is planned to issue coins in February 2025. 4. DeFi’s CRV plummeted, and the founder of CRV shipped goods through pledge liquidation many times.
Past data shows that during interest rate cut cycles, Bitcoin usually rises sharply. From June 2019 to March 2020, the Federal Reserve cut interest rates three times in a row, and Bitcoin rose from US$6,000 to US$10,000 during this period. In the second half of 2023, Bitcoin also climbed from US$18,000 to US$25,000.
Taken together, you can seize the opportunity of the current Bitcoin correction and increase your position appropriately. Because after the FOMC meeting ends and the Federal Reserve begins its interest rate cut cycle, the price of Bitcoin may usher in a new round of surge. This undoubtedly provides investors with a good opportunity to "buy the dip" and is worthy of attention and participation.
Although the short-term price of Bitcoin may fluctuate due to macro factors, the overall trend will remain upward. Some analysts believe that if Bitcoin can stabilize in the $65,000-$67,000 range, it can be regarded as a good buying opportunity.
Of course, this does not mean that the future trend of Bitcoin will be smooth sailing. As the current macroeconomic environment is still full of uncertainty, Bitcoin prices may still experience a certain degree of volatility.
Terraform CEO announced: The Terra team will be disbanded and operations will be shut down. All unowned $LUNA TFLs will be destroyed, and any remaining value in the wallet will be sold! In the future, the on-chain ownership will be transferred to some teams through the sales process to continue operations. The Terra era has come to an end, and LUNA will become a MEME that relies on Binance to survive.
Trading is a boring thing More than 90% of the time is spent waiting, bored. It’s just that people who lose money don’t know how to wait or what to wait for.
There are two differences between profit and loss. What are you waiting for? Waiting for a trend to emerge that fits my definition; Wait for patterns in the trend to appear; The trend is there, the pattern is there, just wait for the trend to break! After entering the market, just wait quietly for the results to appear! Waiting is the most important part of trading! While waiting is boring, opportunities also arise, and there is even more joy in making profits!
#CHZ is a World Cup fan token. When the World Cup is about to come, everyone thinks that it is finally its turn and will usher in a wave of large increases, but it is like stagnant water, and even frequently falls with BTC.
When the World Cup comes, we don’t rule out the possibility that it will rise, but for now, its explosive power is still not strong enough. #BTC #美联储利率决策即将公布 #五月热门