Good news, Grayscale's ETF outflowed about 300 million yesterday! ! ! Net outflow of more than 60 million, and 5.97 billion is almost completed. ​​​#美国以太坊现货ETF开始交易

Today's data is bullish. The unemployment rate has risen. The U.S. unemployment rate in July was 4.3%, the highest since October 2021, triggering Sam's Law, which predicts an economic recession. It is reported that Sam's Law is an indicator that predicts an economic recession. It believes that once the three-month moving average of the unemployment rate is 0.5 percentage points higher than the low point of the past year, it means that the economic recession has begun. This is conducive to interest rate cuts. For the currency circle, the Grayscale ETF's turnover is now here, so ETH has performed poorly recently!

What do rich people do every day? ?

1: Assets greater than 10 billion, want to live forever

2: Assets greater than 100 million-10 billion, thinking about financial planning all day long, sowing seeds everywhere, horse racing mechanism

3: Assets 10 million-100 million, busy with socializing all day long, Huashan sword, girls' game, time management master, successful person

4: 2 million-10 million, senior users of school district housing, wandering between high-end dinners and luxury goods

5: Assets 500,000-2 million, thinking about seeing the world all day long, Maldives today, Xishuangbanna tomorrow, the most beautiful scenery in the circle of friends

6: Assets less than 500,000, thinking about making money all day long, senior house slaves, thousand fans, involution experts

7: Assets less than 100,000, Russia-Ukraine war, Asia-Pacific strategy, world situation-view, global warming, refugee issues, talking about international affairs, a plate of peanuts and a bottle of wine, read the warmth and coldness of the world! !

So what do you focus on every day? The Fed meeting? Grayscale ETH? Or the selling pressure of Mt. Gox?

Fed Chairman Powell delivered a speech on August 1, 2024! Summary of important contents:

1. Fed Chairman Powell focuses on the dual mission and strives to restore the inflation rate to the 2% target

2. The labor market has become more balanced, and the consumption rate has slowed but is still stable

3. Data shows that the labor market has returned to pre-epidemic levels, and the inflation level is slightly above the 2% target

4. As the labor market cools, inflation has declined, and risks are developing towards a better balance!

5. Interest rates may be expressed in September, depending on the consistent decline in inflation and expectations, and the stability of the labor market!

The probability of the Fed cutting interest rates in September has reached 100%: the probability of a one-code rate cut is 86.5%, and the probability of a two-code rate cut is 13.5%.

However, Powell seems to have ruled out the possibility of the Fed cutting interest rates by 50 basis points at a time. He said: "I don't want to specify what actions we are going to take, but this is not something we are considering right now."

In July, non-farm payrolls increased by 122,000, a six-month low. Inspired by Powell's dovish remarks and continued slowing employment data, the four major U.S. stock indexes all closed higher #美联储何时降息？

Good news, Grayscale's ETH still has more than 6 billion to sell out!!! Brothers, hold on a little longer! ​​​ #ETH🔥🔥🔥🔥

In the last 24 hours, BTC, Ethereum, and other altcoins such as XRP, MATIC, pepe, BOME, etc. have exploded by more than 200 million US dollars! ! ! ! The open positions of BTC futures contracts on the entire network are 545,200 BTC, equivalent to about 35.152 billion US dollars! ! ! #美联储何时降息？ ​​​

Except for a few sectors such as meme and AI, and a few projects such as SOL that are expected to take over ETFs, the performance of most altcoins in this round of market cycle can be described as "disaster". There are three main reasons why altcoins perform so poorly:

The approval of ETFs has led to changes in the market's liquidity transmission mode. In the past, the path for incremental funds to enter the market was generally "stable coins - BTC, ETH - altcoins", but now incremental funds from traditional markets are more inclined to invest directly in BTC through ETFs, which also leads to the inability of funds to continue to transmit, resulting in a lack of liquidity in the altcoin market.

The continuous unlocking of "VC tokens" has brought continuous selling pressure, resulting in a market pattern of "supply exceeding demand" - Looking closely at the circulation changes of some altcoins, you will find that although the prices of some tokens continue to fall, the circulating market value continues to hit new highs.

New projects that opened at sky-high prices are constantly sucking the remaining liquidity in the market. io.net, ZKsync, LayerZero, Blast... A large number of popular projects that have been hyped for a long time have been launched one after another, and the FDV is generally at the level of billions of dollars, which has further aggravated the lack of liquidity in the altcoin market.

Considering that the convention of "altcoins do not move when BTC rises, and altcoins collapse when BTC falls" has been broken, the situation of altcoins in the circle will be better in the future!

July is coming to an end soon. Let's talk about your regrets in July. You can also talk about your goals and views for August! BTC🌹ETH ​​​

Exchanges and dealers like two types of people the most. One is the person who plays contracts and earns his funding rate, and the other is the person who trades frequently and earns his handling fee. The most feared is only one type of person, the person who holds on to his position, who will not trade regardless of whether the price goes up or down, and will not make a move until the target is reached. From beginning to end, you can only earn his handling fee twice.

It seems to be true🌹btc ​​​ #美国政府转移BTC #超级央行周

Since the beginning of July, Mt.Gox has transferred out about 95,500 BTC. Currently, there are about 46,000 BTC left in the wallet, and there are 30% left. The impact on the price of Bitcoin is gradually weakening.

After the news of Mt.Gox transferring $2.25 billion in Bitcoin came out, the price did not fluctuate much.

Not sure whether it is because these BTC have not yet been transferred to the creditors, or because the market has slowly adapted to the impact of Mt.Gox's selling pressure and is continuing to bottom out? The latest interest rate decision will be announced at the FOMC meeting of the Federal Reserve tomorrow morning. Contract players should pay attention to the possibility of pinning! #MtGox钱包动态 #BTC☀

ckb will have a wave recently, you can follow [cute]#CKBUSDT

After the listing of Ethereum spot ETF, how much is the real market demand for ETH?

Since the U.S. Spot Ethereum ETF was launched on July 23, there has been a massive outflow of funds, causing the price of Ethereum to fall by 9%. The main reason is that Grayscale’s spot Ethereum ETF experienced a large outflow of funds! ! The overall performance of the ETF is poor, with cumulative net outflows currently reaching $439.64 million.

Most of the selling pressure came from Grayscale. As of July 29, other major spot ETH ETFs including BlackRock, Bitwise, and Fidelity have recorded positive daily inflows.

Grayscale’s ETHE is outflowing faster than GBTC after a sharp drop in the Bitcoin spot market. Grayscale's ETHE massive outflows "could" reduce during the week.

Ethereum’s exchange withdrawal volume has decreased significantly since March. The estimated leverage ratio (ELR) has driven ETH price action during this volatile period. This indicator reflects the ratio of open interest in futures contracts to exchange balances. A higher ELR indicates that futures/perps are dominating price movements, which are typically short-lived or volatile. After the ETH ETF was approved, the price of ETH fluctuated in a range.

If you want to change this situation, you have to wait until Grayscale's ETH is outflowed! #ETH🔥🔥🔥🔥 #美国以太坊现货ETF开始交易

At present, foreigners seem to have an inexplicable ambiguous feeling towards ETH! ! ! Passion but rational? ? Currently, the holdings of several institutions of Ethereum ETH are not large, but Grayscale leaked some last week!!! ​​​ #美国以太坊现货ETF开始交易

Traditional funds prefer BTC. This round of bull market is dominated by institutions. Traditional funds will only buy BTC and ETH, resulting in a large concentration of funds in mainstream cryptocurrencies, while ignoring altcoins, which makes altcoins lack liquidity and maintain a negative decline.

Returning to the altcoin bull market in 2021, low interest rates attracted a large amount of funds to flow into the currency circle, and the interest rate in 2024 is still high. The market capital holdings are limited, and traditional institutions prefer BTC, so the growth of altcoins is limited.

Moreover, several major negative selling pressures in the market are still there, which is also a sword hanging over your head! When the negatives are gone, it will be the spring of blockchain! #美国政府转移BTC

The top ten crypto projects with the highest revenue in the past 24 hours are:

Tron ranked first with 24-hour revenue of $1.42 million;

Solana ranked second with 24-hour revenue of $940,000;

Pump ranked third with 24-hour revenue of $867,400;

Ethereum ranked fourth with 24-hour revenue of $844,300;

Trojan ranked fifth with 24-hour revenue of $673,400;

Lido, PancakeSwap, Maker, Uniswap Labs and Aerodrome ranked in the top ten with 24-hour revenue of $282,600, $277,300, $258,900, $225,600 and $222,800 respectively.

This is also why Sun Ge has unlimited bullets! ! More than one million US dollars a day! ! Earn 10 million a day without spending it all! ! ! #美国政府转移BTC #比特币大会

Many people don’t understand: What does Ethereum’s liquidity re-pledge agreement TVL mean? Brother Chong will explain it to you!

Liquidity re-pledge agreement: Traditional staking mechanisms usually require assets to be locked to ensure the security of the network. ReStaking allows pledgers to re-pledge pledged assets to other blockchains or protocols, thereby achieving multiple uses of the same asset and improving the efficiency of capital use) In simple terms, it is a sum of money to obtain multiple pledge income.

In layman’s terms, loans, mortgages and re-loans are used to improve the utilization rate of funds. So what does the reduction of ETH’s re-pledge agreement mean? Simply put, everyone is not optimistic about re-staking, and thinks that the risks in it are higher than the profits, so they have withdrawn liquidity! ! ! #美国以太坊现货ETF开始交易 #ETH🔥🔥🔥🔥

Ethereum re-staking liquidity has dropped again😅😅😅 #美国以太坊现货ETF开始交易

1. Why is the market reaction so mediocre after the Ethereum ETF was approved? How long will it take for the market to explode?
The selling pressure in the market is too great! Turnover rate One is selling pressure! Grayscale's conversion of ETH!
About two weeks! ! When the selling pressure is almost over! The funds of the ETF are pure U! ! There are more people buying!
3500 calls everyone to leave, a short-term bottom-hunting range Chong Ge still looks at around 3000!

2. What will former US President Trump say at the Bitcoin Conference? What do you think of this conference?
At three o'clock in the morning on the 28th, it is definitely good news! Trump definitely said good news!
There is a high probability that it will rush to more than 70,000! ETH may rush to around 3300!
Drawing cakes and bragging! It will be washed out after it pulls up!

3. Is the selling pressure of Grayscale ETF and Mentougou terrible?
For the current market, the selling pressure is not large, but it brings a lot of panic!
Chong Ge has always been optimistic about the market outlook! Separate the long and short lines!

Let's wait and see what happens tonight! #比特币大会 #美国大选如何影响加密产业？

1. Why is the market reaction so mediocre after the Ethereum ETF was approved? How long will it take for the market to explode?
The selling pressure in the market is too great! Turnover rate One is selling pressure! Grayscale's conversion of ETH!
About two weeks! ! When the selling pressure is almost over! The funds of the ETF are pure U! ! There are more people buying!
3500 calls everyone to leave, a short-term bottom-hunting range Chong Ge still looks at around 3000!

2. What will former US President Trump say at the Bitcoin Conference? What do you think of this conference?
At three o'clock in the morning on the 28th, it is definitely good news! Trump definitely said good news!
There is a high probability that it will rush to more than 70,000! ETH may rush to around 3300!
Drawing cakes and bragging! It will be washed out after it pulls up!

3. Is the selling pressure of Grayscale ETF and Mentougou terrible?
For the current market, the selling pressure is not large, but it brings a lot of panic!
Chong Ge has always been optimistic about the market outlook! Separate the long and short lines!

Let's wait and see what the market will be like tonight! #比特币大会 #美国大选如何影响加密产业？