Bitcoin's sudden pullback of 10,000 points; this is the most bizarre bull market in the crypto space!
BTC has pulled back 10,000 points in three days, and altcoins are bleeding profusely. But don't panic; it's just a few words from Powell. The logic for mid-term growth hasn't changed. Bull markets often have sharp declines, which is not surprising. Pullbacks are unrelated to long-term trends; pullbacks are about killing contracts and eliminating high leverage. After cleaning out these high-leverage positions, the music continues, the dance continues, and the bull will run more healthily, reaching new highs again. During this period, Bitcoin is leading the way while altcoins are still halfway up the mountain. This is truly the most bizarre bull market in history. Bitcoin has been continuously reaching new highs, while altcoins are constantly being cut down, and even Ethereum hasn't reached a new high.
CCTV reports: Is China going to deregulate Bitcoin?
Recently, a piece of news has caused a stir in the cryptocurrency circle. ZFB is actually promoting cryptocurrency. Considering the recent BTC breaking through 100,000 USD and CCTV’s report, is this a sign of spring coming? At first, I thought someone was messing around with photoshopped images again, so I quickly opened ZFB to check, and indeed found such a chicken. The introduction is indeed related to cryptocurrency. I have said before that when Bitcoin reaches $100,000, traditional media will definitely send this news to everyone’s mobile phone screen, but I didn’t expect it to be in this way. It really shows how awesome Jack Ma is. He never forgets ordinary people like us.
Bitcoin has been falling for four consecutive days now, and the decline is not too large. The total drop in the four days is about 10%.
Everyone in the market has been looking for opportunities to increase their positions. In addition, the A-share market was quite crazy before the holiday. Some people began to worry about whether to increase their positions in A-shares or in Bitcoin. Is Bitcoin the last chance to get on board now, or is A-shares the last chance?
If we look a little further ahead, we can clearly see that the sentiment of A-shares has changed significantly, but the fundamentals have not changed. The fundamentals of Bitcoin have also not changed. One is the bad part that has not changed, and the other is the good part that has not changed.
Satoshi's Red Envelope for Spring Festival: To Receive or Not to Receive?
Will Satoshi's red envelope arrive on time this Spring Festival? The 'Spring Festival market' for Bitcoin may reappear. According to the latest report released by Matrixport, Bitcoin generated positive returns during the Chinese New Year for 11 out of the past 12 years, with an impressive statistical success rate of 83% proving the profitability during this period. Bitcoin is currently in a complex interaction of a series of opposing forces. Technically, the daily reversal indicator reached an oversold level last week, suggesting potential support, while the weekly indicators still indicate that Bitcoin is in an overbought state.
Is Ethereum really dead or just pretending to be dead? Is it still okay? When will the price of the currency take off? In fact, success and failure are relative. Ethereum has not changed, but BTC and SOL have changed. Everyone is not satisfied with ETH's performance. In fact, the comparison targets are these two. The consensus of BTC is increasing rapidly. SOL is a high-speed incubator that constantly incubates memes and creates one myth of getting rich quickly after another. Even the current US President Trump has issued coins on SOL. The former can only prove that BTC is better, and the latter cannot prove that SOL is better than ETH. The low-cost, cheap and fast SOL developed on Sol, that is, some air coins such as memes, have attracted a large number of speculators.
You see, in an era where traffic is king, media bloggers want traffic to catch attention. The president, being the biggest meme, is undoubtedly the best. It doesn’t matter whether you lose money or not; they only talk about making ten times profit, while those who go bankrupt are left unmentioned. There are also second, third, and fourth-tier exchanges that hurriedly launch coins for traffic and to quickly capture users. You should know that a coin can go live on some CEXs in less than a day; this is truly unheard of. This article was written in the morning, but in the afternoon, major CEX exchanges like Binance and OK also launched. To attract traffic, they opened privileges that are unprecedented, truly eye-opening.
To start with the result, those who hold Bitcoin are a group of people who are not lacking in money in real life; this refers to those heavily invested in Bitcoin. They do not pursue short-term wealth but seek long-term compound interest. They are originally a group of successful people in life or have the potential to be successful, with stable off-market income. So they can hold on because they are all part of such a group, so whether it rises or falls, holders have little motivation to sell. Thus, an unspoken scenario has formed where you don't sell, and I don't sell, which reflects in the coin price as rising, rising, and continuously rising, ultimately leading to a win-win situation for everyone.
Yesterday, OKB surged nearly 7%. OKX boss Xu Mingxing spoke at the event, saying that he would empower OKB more and gave six suggestions to people in the industry. 1. Bitcoin is something that you think is very expensive now, but will find it very cheap after a while, and you will curse yourself for not buying it when it was so cheap. 2. In the industry, everyone should find a long-term development path that suits them. Long-term development is very important: 3. We hope to promote the development of OKB and more application scenarios, and make OKB grow more and more transparent, rather than just a platform token! 4. No fund in the industry has outperformed Bitcoin, and Bitcoin's returns are the most stable:
Breaking! Will we still see other coins below 90,000?
In the last ten days, this is to stir things up for Trump. A federal judge ruled on December 30 that the Department of Justice can sell 69,370 BTC seized from the Silk Road dark web marketplace. Please note that previous sales did not directly affect prices because they were completed through over-the-counter transactions. This time will be no exception and will not occur through the secondary market, but market panic often leads to temporary price declines. Currently, the U.S. government holds about 197,000 BTC ($18.6 billion). Isn't Trump planning to go all in on Bitcoin? Yes, but this portion of BTC was held during the Biden administration. Although Trump has said he plans to prevent the U.S. government from selling BTC, this will require a transition of power and support from Congress, so this has nothing to do with Trump; he is powerless in this matter.
BTC has retraced over 10% dramatically; is the bull still here? Where will it drop to? Is there still a possibility of a surge?
Yesterday ETH soared to 3744, then calmed down to 3388, SOL plunged below 200, investors' hearts raced at 200, not getting in isn't a loss, the volatility is like a violently shaking sieve. You gaze into the abyss, and the abyss gazes back at you; in the crypto world, what is the abyss? Watching the market is the abyss; if you watch the market, the market watches you back, the market is the magic. If you look at the magic, you will become enchanted; if you don't look at it, it can't do anything to you. The difficulty in trading is not the technique, but the mentality; trading doesn't require much technique, it requires mentality, discipline, execution, and position management. Most people make a mistake and keep making it, the left-side buying strategy of buying more as it drops is suitable for value targets like BTC and ETH.
BTC has returned above 100,000. Around December 22, when the price dropped to about 92,000, I posted several articles urging you to get on board. I wonder if anyone acted? Look at how accurately a KOL predicts cycles and coin prices; you can tell by their historical articles. I started posting daily about getting on board when the price was over 20,000 in 2023. I don't know about you, but I know that our internal community members are all required to buy in solidly during dips. The costs for old members are so low that you wouldn't believe it, and new members quickly build positions after selecting good targets.
Mainland residents may be able to legally purchase Bitcoin. How will this change the crypto market?
When the trend is irreversible, no matter what kind of organization it is, it can only follow the trend, follow the development of technology, and adapt to the needs of the times, just like the popularization of the Internet, which is unstoppable. Recently, Hong Kong Legislative Council member Wu Jiezhuang proposed the launch of "Digital Pass", which aims to open a special channel to allow mainland investors to buy and sell Hong Kong-recognized digital assets Bitcoin and ETH. This will further enrich the connotation of connectivity between the Mainland and Hong Kong, and will also be conducive to financial innovation and the cultivation of new quality productivity.
These proposals are intended to enrich the connotation of interconnection between the two places and serve the needs of the country. Specifically, the "Digital Connect" will provide a platform for mainland investors to participate in cryptocurrency transactions in compliance with Hong Kong regulations.
In the crypto world, why are you always the one getting trapped?
Every time you buy, you get trapped; there are pitfalls everywhere. Why do the traps always find you? Is it really that there are many traps in the crypto world? Actually, it's your own traps! You get trapped and hurt not because there are many traps in the crypto world, but because your mind is filled with the pitfalls of being greedy, wanting to get rich quickly, speculating, taking shortcuts without thinking, and not taking action. If you can grit your teeth and fill the pits in your mind with cement, who can take your coins away? Who can extract your private key from your head? It seems like you were trapped by some coin, but in essence, you are cutting yourself. A glance at the crypto world shows that the most abundant are smart people; they always think they can buy low and sell high with frequent trades, and they can leverage contracts to multiply their funds, always fully invested.
Trump's Major Move May Push Bitcoin as a National Reserve in the First Half of 2025
A prolonged market will inevitably decline; this is the nature of the short term. This does not mean one should short or hold a light position; in essence, holding a light position is also a form of shorting. One must understand the essence behind the market. I know many people are currently confused because they hold light positions and hope to wait for a pullback to enter; however, there are currently no bearish news, just some early holders selling after achieving financial freedom, and those who have traded well on mid-term positions may have seen two to three times returns, so selling some is normal turnover. We are always observing the market but not seriously studying the assets themselves; whether Bitcoin at over 90,000 is expensive or cheap.
If Bitcoin rises to $150,000, who will benefit the most?
In recent days, the entire cryptocurrency market has begun to stabilize and consolidate after last week’s sharp correction, in line with the expectations for this time of year. Looking back at past bull markets, bitcoin typically reaches new highs after Christmas. History does not repeat itself simply, but it is always remarkably similar. Increasing BTC and ETH holdings at this stage carries little risk; even if it drops, it's only about 10%, but there is potential for an increase of 50% to 100%. Returning to today's topic, if bitcoin rises to $150,000 or $200,000, who will benefit the most? Of course, it will be those who hold the most.
The current pullback of BTC and ETH may be the last chance to get on board. Will ETH rise to 6000 USD after March? New news on the Ethereum upgrade: the meeting concluded last week, and Ethereum developers hinted that the fifth testnet will go live in early January, potentially the last test before the Prague upgrade. The Prague upgrade is expected to take place in March, and the market will start heating up in January. The Trump family's WLFI project bought ETH at the bottom during the weekend's crash. Capital aspect Matrixport: Ethereum continues to see capital inflow, and a re-entry opportunity may arise. Matrixport released daily charts stating that Ethereum, like Bitcoin, tends to lose momentum during significant price increases, especially when the price rises over 60% within 30 days. Historically, this is often a good opportunity to take profits.
Trump, why should the nation go all in on Bitcoin?
Change can lead to the best version of oneself. Trump said that four years ago everyone was against him, but today everyone wants to be his friend. He continued, perhaps it is I who changed. Trump, a businessman, what is a businessman? In the TV series 'Qing Ci', the male protagonist Zhang Zhongping says, a businessman is someone with whom everything can be negotiated.
So we see that, so far, Trump is the only U.S. president who did not start a war. Conflicts are essentially conflicts of interest; since it is about interests, why must it be a life-or-death situation? Trump deeply embodies the secrets of a businessman, reaching heights that no other president has achieved. This is ingrained in his genes; businessmen pursue win-win or multi-win situations, everything can be negotiated, and they do not take extremes.
Will the decline continue or will it rise again? Next stop, is Bitcoin preparing to move towards $120,000?
Look at what big capital is doing now; what are you doing? MicroStrategy has bought $5.61 million worth of Bitcoin again at a price of $106,662. Is this financed borrowing or purchased at $106,662? This shows how optimistic MicroStrategy is about the future market. Since Trump won the US presidential election on November 5, the price of Bitcoin has continued to rise, setting the longest seven-week consecutive increase record since 2021. Data shows that US spot Bitcoin ETF products attracted a net inflow of $12.2 billion during this period, while Ethereum ETF products also received a net inflow of $2.8 billion. Market participants are full of expectations for Trump's support of digital assets and his commitment to making the US a dominant force in the global crypto industry. This optimism is directly reflected in the strong demand from institutional investors for crypto ETF products.
Rich Dad Poor Dad author: Buying Bitcoin below $100,000 is the last chance for ordinary people!
Get on board, get on board! Robert Kiyosaki, author of the famous financial book (Rich Dad Poor Dad), stated that below $100,000 is the last chance to buy Bitcoin; once this threshold is crossed, only the wealthy and institutions will be able to afford it. Robert Kiyosaki bought his first Bitcoin at a price of $6,000 and plans to continue buying at around $100,000; he now owns 73 Bitcoins and intends to have 100 Bitcoins in a year. He started publicly endorsing Bitcoin in 2020, when Buffett sold off his bank stocks; Robert Kiyosaki wrote on X:
Bitcoin reversal to pick people up, or will it pull back to $50,000?
When the price of coins rises, they don't buy; when it pulls back, they still don't buy. BTC has pulled back 15% from its high to its low this time, while altcoins have pulled back about 40%. Still not buying during the sale? Some people say they will wait for a 50% crash to $50,000 to buy. If it gets to half price, then it's directly bearish, and there's no point in playing anymore. Many newcomers have not experienced cycles and have no concept of them. It's not surprising to have this thought; without going through tough times, one cannot mature. The crypto market is harsher than any other market. However, many people only like to see several times, a dozen times, or even hundreds of times increases, while ignoring the repeated crashes.