2024.7.18 Pre-market interpretation of the crypto circle and BTC ecosystem: Nasdaq is under pressure to pull back, while Mt. Gox creditors are under pressure to sell off, short-term bearish on BTC and the market trend
1⃣Nasdaq: Nasdaq fell 2.77% from its high on the 17th. If I counted correctly, since the beginning of 2023, the Nasdaq has nearly doubled from 10,458 points to 18,671 points, and the Nasdaq has recorded the largest single-day drop in 23 years;
2⃣Creditors in Mt. Gox: The Mt. Gox trustee issued a notice that BTC has been repaid to more than 13,000 creditors. Among them, nearly 100,000 BTC worth 6 billion US dollars were transferred to 5 exchanges. Given the current market situation, it is still a bit difficult to sell 60% to receive 4 billion;
3⃣BTC: Although ETFs have continued to flow in over the past week, the Nasdaq's correction is under pressure in the front, and the Mentougou creditors are selling pressure in the back. In the short term, 3-10 days are bearish on BTC and the overall market trend, and it is recommended to reduce positions (no need to look at the long term);
4⃣️Gold: After refreshing the historical high of $2483.73 on the 17th, the December contract of COMEX gold futures also rose to $2537.70, a record intraday high. It is worth pondering that gold has risen so much at this time;
5⃣️Australian Satoshi: Craig Wright, who lied about being Satoshi Nakamoto, has been forced by a British court to declare on his website that he is "not the creator of Bitcoin" or the creator of the Bitcoin white paper. This farce scam under the name of "Satoshi Nakamoto" is really out of line since so many people still believe it;
6⃣️sats: Since being reaffirmed as swap fuel fee by unisat, it has risen by more than 150% in a short period of time, which is a lot of increase! Besides, there is the ceiling of $700 million for Ordi. If sats rises, it will surpass Ordi. I don’t think sats has the volume to break the ceiling of Ordi in the short term, so I won’t chase it;
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🪙 Information on leaders in various tracks of BTC ecology
❯ Rune No. 3 DOG: unit price 0.4167U, down -17.68%, market value 460 million US dollars;
❯ Rune No. 0 UG: unit price 0.3794U, down -4.33%, market value 3.53 million US dollars, holding addresses 123219;
❯ BRC20 Ordi: unit price 37.86U, down -1.74%, market value 789 million US dollars;
❯ BRC20 sats: unit price 0.0000003081U, up +10.04%, market value 632 million US dollars;
❯ BRC20 Five-character Pizza : Unit price 4.535U, down -8.68%, market value 95.23 million US dollars;
❯NFT Node Monkey: Floor price 0.182B, transaction 2.395B, market value 117 million US dollars;
❯Names .btc domain name: more than 10,000 new domains were added in a single day, with a total of 602,767 registered domains and 20,107 holding addresses;
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