I have experienced countless turning points in my investment in the currency circle, and I am grateful to the fans who support me. The currency circle has switched from hell mode to normal mode, and opportunities are no longer as easy as before. Now is the time to grab potential coins without any hesitation.
The bull market in 2024 is coming. I advocate a stable spot trading strategy, focus on bottom value coins, and conduct reasonable exchanges. A good mentality and position allocation are crucial to trading.
My small circle is open for a limited time and may be a wise choice when you are looking for investment reference. The New Year is only one month away. As a veteran of many years, I may be able to guide you on a clear path in the digital currency market. We look forward to reaching the peak of wealth together in the bull market.

Finally, I love China and hope that cryptocurrency can run under the Chinese sunshine in the future!
#BTC #sol #sei #etf

ACE, the recommended currency supported by Xinyou, continues to take off. Everyone is ambushed near 8.5. Today it has exceeded 9.8, getting closer and closer to the goal. Build a warehouse before the new year, spend the New Year with your family, and collect vegetables after the New Year, and your family and career will take off.
#ACE #btc

When lightning strikes, you better be there

The ups and downs of the currency circle require immediate response, risk management, and opportunity identification.
1. Immediate response: The trading market is changing rapidly and prices fluctuate rapidly. When market scenarios change or major events occur, you need to be there immediately so that you can quickly adjust your trading strategy or perform necessary trading operations. Missing important moments can result in lost opportunities or increased risk.
2. Risk management: In investment, sometimes risks are unpredictable and appear suddenly like lightning. When phantoms or adverse conditions occur in the market, you are there and able to respond quickly and take risk management measures. Timely risk control can help you reduce losses or preserve the value of your portfolio.
3. Opportunity identification: In the investment field, sometimes lightning strikes also mean that when market fluctuations or major events occur, value investment opportunities or short-term trading opportunities may arise. This means you can identify these opportunities faster and seize them, seeking a better return on investment.
In summary, this quote serves as a reminder in the context of trading and investing to remain vigilant and prepared, to react quickly and take appropriate actions when there are drastic changes in the market, in order to protect capital, reduce risks, and seize possible opportunities.
#UMA #sats #BTC #chz #ETH

New ACE game launching
ACE is bound to rise as its monetary system. At the same time, a groundbreaking Web3 asset that combines artificial intelligence, games, and user-generated content is about to be launched. With the background of BN incubation, ACE’s potential can be foreseen. Keep some spot goods for self-defense
#ACE #sats #BTC

The exchange rate of BTC/ETH is exciting again!

2024 is a great era for ETH, and opportunities and wealth effects are increasing: BLAST and MANTA proofing L2;
The wealth effect of Eigenlayer’s re-staking track;
Turning points and investment opportunities in Cancun’s upgrade;
Fair launch represented by ZKF and Metis;
More Ethereum will tend to be pledged to obtain higher returns, and will tend to serve as the golden shovel of the new era. Coupled with the hype expectations of the Ethereum ETF and the Cancun upgrade, the price/performance ratio of Ethereum will begin to become higher.
In 2022 and 2023, I always think that it is right to hold Bitcoin well and put more positions in Bitcoin, but in 2024, I think we can align with Ethereum; I will replace 70% of the BTC position with 40% of the position. , all invested in the Ethereum ecosystem, and my overall goal by 2025 is to double my BTC position!
#ETH #BTC #sui #Manta
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FXS
FXS已破10U，预测完成

#sui #BTC #etf

More than ten years later, A shares are still at 3,000 points. Someone asked on Weibo, if A-shares hit a bottom of 2,800 points for the second time, would they buy the bottom? Some people say yes, some say no. I will definitely not buy A shares at the bottom, no matter how low they fall.

The first reason is that it is too difficult to make money in A-shares. This is not an incremental market. The currency market is an incremental market. So many people underperformed Bingtang Orange, but they still made money. Those who underperformed Bingtang Orange would have already suffered losses if they invested in A shares. The lesson this teaches us is that the probability of making money is much higher if we find the incremental market.

The second reason is that in the currency market, I have formed a complete, simple, low-risk investment logic, which is what I talk about on this planet. According to my investment method, the risk is already relatively small. This contrarian investment method may work for A-shares, but it is certainly not as effective as the currency market.

Reason three is that the currency market is more volatile. This method makes more money in the currency market than in the stock market. There is a big cycle in A-shares every 7 years. It is a big cycle. If you choose good to better blue chips, except for the two ends, it will be great if you can make two or three times. But in a four-year cycle in the currency circle, it should be very easy to make ten times the profit in the next cycle if Bitcoin is added to the altcoin.

Reason four: Don’t do it if you’re not familiar with it, don’t do it if you’re not good at it, or don’t do it if you’re not good at it. In all walks of life, insiders compete with outsiders, and the same goes for investment.
#BTC #ETH #sol #ordi #MATIC
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Bitcoin price continues to drop! But it’s far from bottoming out!

Tuesday’s Bitcoin price shock didn’t go unnoticed by financial experts, including Fidelity’s Jurrien Timmer. The businessman believes that the current state of the pioneer cryptocurrency is not the worst that can happen in the short to medium term.
In a publication by X, experts believe that there will be significant volatility ahead. Therefore, BTC price is expected to continue falling from the current point. Despite this view, Timmer remains optimistic about the currency and its recent gains.
Their optimism was particularly fueled by the U.S. Securities and Exchange Commission's approval of currency spot ETFs. He explained that huge advances in financial assets are always accompanied by huge fluctuations. Simply put, it suggests that Bitcoin’s citizenship in the financial world is very positive if the horizon is broadened.
On the other hand, his hypothesis is based on the fact that stocks related to Bitcoin and options have already suffered major crashes. Long leveraged positions lost $302 million in 24 hours. Meanwhile, shares of mining companies continued to fall on the stock market despite Monday's gains.

Don't blame the ETFs, 9 new ETFs are BTFD, huge price support $4.4 billion in 8 days, $550 million a day. This is equivalent to 30 times the halving effect. A literal wall of purchase. If anything, weak hands in Bitcoin are under-buying. Buyers of these ETFs are less liquid and rather "cold," such as whale buying and long-term holding.
— Adam Back (@adam3us) January 23, 2024

This is how Bitcoin accumulates in spot ETFs

For the head of Fidelity, the possibility of further Bitcoin price declines is almost certain. In his view, the currency's movements are mixed with the fate of stock market products recently approved by the U.S. Securities and Exchange Commission. In this sense, the currency walks a tightrope between long-term potential and immediate reaction.
From this perspective, it can be said that the typical volatility injected by investors is supplemented by the volatility of institutional investors. It should not be overlooked that institutional investors in Bitcoin ETFs are the most willing to take significant risks.
He said given that ETFs are now a news event, one can assume an increase in price rotation. However, this suggests that this is not an issue to panic about, but rather a shift that will eventually reach equilibrium as the market digests this new addition.
Timmer said the drop in the Goldman Sachs Bitcoin-sensitive stock index is a recalibration rather than a danger signal. Along with the Fidelity chief, other experts also spoke about Tuesday’s sharp drop in Bitcoin prices. Among them, Adam Back is more optimistic, saying that ETFs are "a huge wall of purchasing power."
In fact, the situation looks very negative for buyers who jumped in with the ETF hype.
#BTC
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Mt.Gox is also selling BTC? Some creditors received repayment, and 80% was returned in US dollars!

The trustee of bankrupt crypto exchange Mt. Gox has contacted creditors to confirm their account details as the company prepares to repay claims, with at least two creditors reportedly receiving funds. In an email sent to several creditors, Mt. Gox’s recovery trustee confirmed the existence of their accounts and said it expected to repay Bitcoin and Bitcoin Cash. The email warns, please be aware that if your account is disabled or frozen in the future, you may not receive repayments in BTC/BCH. Some creditors shared copies of their emails on Reddit. It appears that Bitstamp users and several Kraken users have received confirmations.
One creditor in Poland and another in Japan reported receiving repayments. They say 80% of claims are refunded in U.S. dollars via bank transfer.
#BTC #etf #ETH #ordi #sol
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Ethereum (ETH) is at risk of dropping $2,000 if this level falters

The major cryptocurrency opened the week lower as investors continue to worry about falling Bitcoin prices and thus appear to be reducing their exposure to the broader market in anticipation of lower prices.
Ethereum, the second-largest cryptocurrency by market capitalization, fell 2.66% to $2,408 in the past 24 hours, mirroring the overall market trend.

Ethereum has been declining steadily since reaching a high of $2,717 on January 12, bringing it into a critical demand area that remains decisive for its short-term price movement.

Cryptocurrency analyst Ali said that ETH is currently in a key demand area, ranging from $2,388 to $2,460. If this support remains strong, there appears to be a clear path ahead with minimal resistance, providing the potential for an upward move.

Ethereum Market Update: ETH is currently trading in key demand areas, within a range of $2,388 to $2,460. If this support remains strong, there is a clear path ahead with minimal resistance, providing the potential for upward movement.
⚠️ However, if #ETH fails to sustain this level, we may see a pullback to the next significant support area around $2,000.
— Ali (@ali_charts) January 21, 2024

However, if ETH fails to hold this key support level, a bearish scenario could emerge. Ali said that if ETH fails to sustain this level, a pullback to the next significant support area around $2,000 is likely.

If the price reaches around $2,000, it would represent a 17% drop from the current price of $2,408. The next major support below $2,000 is the daily simple moving average (SMA) 200, currently at $1,923.

A break above this level could lead to more losses, possibly towards the $1,800 and $1,700 levels. Meanwhile, the 50 moving average daily level at $2,338 may seek to cut losses in the near term.

On the other hand, if ETH reverses the current decline and rebounds from the $2,388 and $2,460 support areas, it may resume the uptrend and target the $2,614 levels once again.

A successful break above this level could pave the way for a rally towards the $2,717 and $2,900 levels, which is where the coin faces its next hurdle. The bulls’ ultimate goal is to reclaim the psychological $3,000 level hit in April 2022.
#BTC #Manta #etf #sol
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"This time is different"
"This is just a normal callback"
"Stay steady, we can win"
"No, why can't it be stable? Wait a minute, it's going to reverse."
"Haha, finally reversed"
"I'm so stupid, why isn't it V-rebellion"
"I'm so stupid, it keeps falling and there's no rebound at all"
"I'm so stupid, I still fucking fall, I'll just die if I get in"
"Damn it, the economy is in recession, the U.S. economy is booming, and it's plummeting before and after the interest rate cut."
"Keep the green hills, don't be afraid of running out of firewood, clear your positions and stop losses"
"Rising again?" It must be a scam”
"Haha, I just said it was a scam, and I trapped a bunch of idiots again"
"I'm so stupid, why is it still going up?"
"Go in with some positions, make a swing, feel comfortable haha"
"Damn it, it's still going up, I'll definitely buy it if it pulls back"
"Haha, I feel better again"
"I'm so stupid, I'm anxious, my friends in the group have made millions"
"Shuttle can't fucking watch a group of friends drive a Land Rover"
"My day, why does he call back as soon as I shuttle"
#BTC #etf #sol #ETH

Bitcoin price drops below $40,000, can bulls turn the tide?

Bitcoin price extended its losses and fell below the $40,000 support zone. BTC is consolidating losses and remains at risk of further declines below $38,500.
Bitcoin price is gaining bearish momentum below the $40,500 area. The price is trading below $40,500 and the 100 hourly simple moving average. There is a bearish trend line connecting with resistance near $40,850 on the hourly chart of the BTC/USD pair (data via Kraken). The pair is likely to pull back above $40,000, but bears are likely to remain active near $40,500.

Bitcoin price takes a hit
Bitcoin price remains in bearish territory below the $42,000 support zone. BTC bears gained strength and pushed the price below the $40,000 support zone.
A new weekly low was formed near $39,451 and the price is now consolidating losses. It is slowly recovering above $39,800. It is approaching the 23.6% Fib retracement level of the recent swing high of $42,260 to low of $39,451.
Bitcoin is currently trading below $40,500 and the 100 hourly simple moving average. Immediate resistance is near $40,150. The first major resistance level is near $40,850. There is also a connecting bearish trend line forming with resistance near $40,850 on the hourly chart of the BTC/USD pair.
The trendline is near the 50% Fib retracement level of the recent swing high of $42,260 to low of $39,451. A clear break above the $40,850 resistance could push the price towards the $41,250 resistance. The next level of resistance is currently forming near $42,000. A close above $42,000 could push the price higher. The next major resistance level is $43,000.

Does Bitcoin Have More Downside?
If Bitcoin fails to rise above the $40,850 resistance zone, it may continue to fall. Immediate support on the downside is near $39,650.
The next major support level is $39,500. If there is a close below $39,500, the price may gain bearish momentum. In the above scenario, the price may fall towards the $38,500 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing speed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level.
The main support level – $39,500, followed by $38,500.
The main resistance levels – $40,500, $40,850, and $41,250.
#UMA #sol #BTC #TRB #ETH
A battle in the field of cryptocurrency is taking shape. Click on the avatar to follow Zhige’s homepage and share passwords in small circles.

There have been some interesting things recently that many people have not mentioned. Let’s sort them out:

1. Regarding the issue of Grayscale’s $btc transfer to @coinbase, many people claimed that this was a user withdrawal, selling Grayscale products with high management fees, and then purchasing other ETFs with low management fees.
The actual situation is that Grayscale’s $gbtc product has been operating for nearly 10 years. Most people deposit their $btc into Grayscale’s custody account, and then after 6 months, Grayscale allocates $gbtc to them, users $gbtc is then sold.
So, if a user wants to get their $btc back, they have to buy $gbtc to redeem it, do you just want a "empty wolf"?
Additionally, regarding grayscale $btc, there are several possible scenarios:

1 The $btc deposited many years ago has been exchanged with Grayscale’s $gbtc. People sold $gbtc for dollars and left, leaving $btc for Grayscale itself;

2. Buy discounted $gbtc at a low price. People who are optimistic about $btc in the long term and hold positions in compliant venues are indeed adjusting their investment portfolios.
It does make people a little confused as to why to change products, you need to withdraw $btc first, then sell it into US dollars, and then use US dollars to buy ETFs. Why can't you just sell $gbtc directly and then exchange it in a stock account?

2. Many people mentioned that#BitcoinETFinstitutions are experienced institutions and will not buy at the top of the market. This suggests that these institutions are taking a strategic and long-term view, rather than buying high.
But the key question is, aren’t retail investors buying ETFs? Why does this seem to be a buy-in for professional institutions?
If I remember correctly, they are just equivalent to "underwriters". When someone buys an ETF, they buy BTC on the secondary market to ensure that they are redeemed. Isn't this similar to the operation of an exchange, except that it only conducts btc spot transactions within the scope of compliance.
#BTC #UMA #sol #ordi #DOGE
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#FXS
离目标10仅有最后一步
#BTC

Bitcoin: It won’t work without exploding! Destroy 9 bizarre rumors and reveal the financial wave led by mysterious forces! After reading this, you will completely subvert the traditional concept!

Misconceptions about Bitcoin

Bitcoin ETFs have attracted much attention recently. As institutional acceptance continues to increase, some misunderstandings about Bitcoin’s value, energy consumption, transaction speed, volatility and legality have gradually surfaced, especially from some well-known figures such as Jamie Day. Comments from Jamie Dimon, Vanguard and UBS have deepened these misunderstandings. Let’s debunk these myths about Bitcoin one by one and refute them with facts.

Argument 1: Bitcoin has no backing
Fact Check: Bitcoin’s Solid Computational Backing
Contrary to opinion, Bitcoin is supported by a powerful computing network whose computing power exceeds even the largest computing systems in the world. With a capacity of 500 exahash/second, this decentralized network offers unparalleled resilience and security that far exceeds traditional government-backed currencies.

Argument 2: Bitcoin is a waste of electricity
The truth about Bitcoin’s energy consumption
Bitcoin’s energy consumption is a deliberate and necessary feature that is critical to maintaining a secure, decentralized currency system. Most of this energy comes from renewable sources, making Bitcoin a potential stabilizing factor for renewable energy grids with less waste than traditional financial systems.

Claim 3: Bitcoin transaction processing speed is slow
Understanding Bitcoin transaction dynamics
Bitcoin’s transaction speed is an intentional design choice that prioritizes security and decentralization over speed. Its approach ensures the immutability of transactions, which is more critical than pure speed in a global monetary system.

Myth 4: Volatility is a feature, not a bug
Bitcoin’s inherent volatility is a byproduct of its monetary policy, which emphasizes free capital flows rather than exchange rate stability. As acceptance grows, this volatility is expected to decrease, making Bitcoin a viable store of value.

Claim 5: Bitcoin is a tool for criminals
Bitcoin’s censorship resistance
Criticism of Bitcoin’s use in criminal activities ignores its core property: censorship resistance. Like any technology, it can be used for a variety of purposes, but its ability to facilitate global, permissionless transactions is what makes it unique.

Myth 6: Governments can easily shut down Bitcoin
The Resilience of Bitcoin’s Decentralized Network
The decentralized and global nature of the Bitcoin network makes it nearly impossible for any single government to shut it down, ensuring the resilience of its operations.

Claim 7: Satoshi Nakamoto controls Bitcoin
Bitcoin’s Democratic Structure
Bitcoin runs on a decentralized network, and no single person, including Satoshi Nakamoto, controls it. The network is subject to a democratic system of checks and balances that ensures its integrity.

Claim 8: Bitcoin has no intrinsic value
Bitcoin as a global currency competitor
Bitcoin has intrinsic value due to its unique monetary properties, consistent with the needs of a modern monetary system. Its characteristics make it an attractive alternative or complementary asset to traditional financial assets.

Myth 9: No one uses Bitcoin
Bitcoin usage statistics tell it all
Bitcoin’s extensive usage statistics, including its transaction volume, number of transactions, miner revenue and number of active addresses, contradict claims that its usage is limited.

Summary: Recognize Bitcoin’s Potential and Eliminate Prejudices
The myths surrounding Bitcoin often stem from misunderstandings of its underlying technology and principles. By debunking these common misconceptions, it becomes clear that Bitcoin not only has a unique value proposition but also has significant potential as a global financial instrument. Its role in the future of money continues to evolve, challenging conventional wisdom and opening up new possibilities in the world of finance.

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#BTC #UMA #Manta #ordi #内容挖矿

The 2024 airdrop season has started, and here are more than 10 airdrop projects worthy of attention in the near future. Here is brief information on some of these projects:
1. OP Mainnet
- OP Mainnet community users stated that 20 million OP may be used for airdrops, and 3 airdrops have been carried out, with a total of 19,411,313 OP.
- The fourth airdrop may require the OP to be delegated to an active delegate.

2. Scallop
- Scallop is the lending agreement of Sui Ecosystem, with TVL reaching US$61.4 million, making it the No. 1 project in Sui Ecosystem.
- Scallop token SCA can be used for governance, liquidity mining and discounts on lending interest fees.

3. NAVI Protocol
- NAVI Protocol is another lending protocol on Sui, ranking second with a TVL of $54.55 million.
- NAVI Protocol has not yet announced the details of the airdrop, but it has been listed on Leaderboard.

4. StakeStone
- StakeStone is a one-stop full-chain LST staking protocol, with TVL rising from US$4.17 million to US$710 million.
- StakeStone's native token LST has been officially upgraded to full-chain LRT.

5. Kelp DAO
- Kelp DAO is a multi-chain liquidity staking platform with a TVL of $167 million.
- Kelp DAO is building an LRT solution on EigenLayer with the restaking token rsETH.

6. Kinza Finance
- Kinza Finance, a decentralized lending protocol on BNB Chain, saw its TVL increase from $1.89 million to $78.06 million.
- The total supply of KZA tokens is 100 million, which will be airdropped after TGE.

7. KiloEx
- KiloEx is a sustainable DEX project on BNB Chain, opBNB and Manta, with a TVL of $14.51 million.
- KiloEx native token KILO has launched the points airdrop program V1.0.

8. ZeroLend
- ZeroLend is the largest native stablecoin lending protocol on zkSync and the third largest on Manta Network, with a TVL of $22.23 million.
- ZeroLend token ZERO has been listed on the airdrop point platform Zero Gravity.

9. Halo Wallet
- Halo Wallet is a DeSoc wallet developed by KuCoin’s former Web3 team and has launched an XP points system.
- Points will be linked to future airdrops, and the airdrop plan is expected to be announced in the first half of the year.

10. Bool Network
- Bool Network is a decentralized signature protocol, perhaps the same team as SatoshiVM.
- The total supply of BOOL tokens is 1 billion, of which 3% will be used for airdrops.

11. Tabi
- Tabi, an NFT market on BNB Chain, announced that it will launch Tabi Chain on Cosmos.
- Tabi has completed angel round financing of US$10 million.

12.Ondo Finance
- Ondo Finance is a RWA tokenized investment protocol that has launched tokenized funds.
- The Ondo Foundation has launched the first batch of Ondo points program, supporting multiple ways to earn points.

These projects cover different fields, including lending, DEX, NFT market, stable currency, etc. Investors can pay attention to their airdrop plans and developments.

#UMA #Manta #TRB #BTC
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