BTC plummeted, but I bought it. Will FTX really crash the market? I got 2000% profit directly from PERP
BTC plummeted last night, retesting its low of $24,900 from a month ago.
People were trembling in the morning, thinking that the market might get worse! Now the price has dropped by 25,000 USD, and there will be three more jumps: 22,000 USD - 20,000 USD - 16,000 USD.
The Air Force is working hard to meet the target by the end of the month!
Why the plunge
1. Macro data, inflation reversal?
Some believe the main reason for the plunge was a report released yesterday showing a reversal of inflation.
The New York Fed survey report released yesterday showed that one-year inflation expectations reversed the previous four-month downward trend.
There are also signs that long-term inflation expectations are rising again.
This makes sense, but why did the US stock market surge even though the cryptocurrency market fell yesterday?
After taking a closer look at the original text, I realized that the person who said this either doesn't understand or is just trying to get traffic?
It is clear that the original text is a sampling survey of "consumer expectations", which is based on the subjective feelings of the respondents. Assuming that the sampling survey method can reflect most of the situation in the United States, it still represents subjective feelings, which is far from the objective CPI data.
Some KOLs believe that the data also reflects the deterioration of the financial situation of American families. Yes! It is because of the interest rate hike that the situation has deteriorated. People feel that the interest rate is high and it is not easy to get a loan.
That's why Morgan warned that another rate hike could push American consumers into a "dangerous" situation.
2. FTX dumping caused FUD?
First, a foreign media outlet published a chart of FTX holdings.
First of all, this picture is wrong. The correct picture should be as follows.
Then there was a sentence in this news: "Although the claims made in the document are not yet legally binding, the FTX token sale case is expected to be submitted to the Delaware Bankruptcy Court for trial on September 13." So many people began to worry that FTX was going to be dumped. On September 13, $200 million was liquidated, and the market also fell sharply.
But the problem is that the trial will only be held on September 13, and a trial does not mean a verdict, and a verdict does not mean immediate execution. So this panic seems to have come ahead of schedule, right?
Secondly, we need to see that if the ruling is passed, will FTT’s assets really be immediately sold in the form of liquidation?
Most won’t be sold immediately; just IMO they’ll be sold OTC through market makers, or gradually;
SOL has been locked for many years and cannot be sold, so the ownership can only be transferred;
Although BTC and ETH have large holdings, the total amount is only US$800 million, which is not very large for a market with more than one billion transactions per day.
Therefore, this is a deliberately fabricated negative rumor, just like the previous Mentougou rumors.
3. How to see the current market conditions?
Although I am also bearish in the long term, I told the community early this morning that it is possible to buy at the bottom, and now the profit from the rebound is $800.
Is $25,000 a good buying point?
From a long-term perspective, it is very good because there is a high probability that chips will be cheaper later; but it is not too bad because there will be a halving next year.
But on the other hand, is $25,000 a good selling point?
Absolutely not. If you are not short of money, why would you sell now and wait for a lower point to buy back? What if you lose everything?
In "On September 6, the market was bearish but could not fall further. On-chain data showed that the market makers' fixed investment had begun. If there was to be a sharp drop, it would have to happen within 20 days", in the short term, a good selling point is between 26,400 and 27,200 US dollars. This is a slightly higher price to bet on a rebound or to get out of the market. Of course, if you encounter a higher price to sell, you are lucky.
So what I can figure out, can’t the smart money dealer figure it out?
Therefore, there is nothing much to say about today’s market conditions, which have been repeatedly rehearsed.
The on-chain indicators also show that BTC is being bought and outflowed. Although there is no big bottom-fishing, it can maintain the market for a while.
4. Aftermarket Operations
So who will throw away their chips next? Some retail investors who are scared by the fake news.
If it rebounds to a high point next, sell it according to demand. If you don’t want to bother, just hold on to it.
Of course, we will keep enough bullets to see what kind of fluctuations the market will have after the next CPI comes out.
Again, don’t sign a contract before the time is right.
PERP I have already made a profit of 2000%
Speaking of contracts, I have recently made several orders. My PEPR position has made a profit of nearly 2000%.
Several other currencies are also good.
Some people say that I am photoshopping or have created a virtual disk. I took a screenshot of the article and there is still an order. You can go and watch the video below to see if I am real.
I am a person who is afraid of death, so I open relatively small positions, just to make a living. Now I have tested 7 orders, with a winning rate of 100%, and the average profit of the closed orders is 350U.
How did I do it? Please read my article "The winning rate in the bear market is too high. I used the method of short selling the monster coins. The returns of cyber, perp and XVS are close to or even exceed 200%".
A copycat should use an exchange with better depth.
For this kind of altcoin contracts, you should still choose Binance and OK, so it is recommended to have the above accounts. There were restrictions on certain regions before, but now the restrictions have been lifted. If you have an old account, you can re-register and get a permanent 20% rebate. OK can register another account with your own passport, and Binance ID passport can only be used once, so you can choose to register another account with your family's identity. BITGET is also a good exchange.
