With the fluctuations of the global economy and the adjustment of monetary policy, the cryptocurrency market is gradually emerging from the trough and showing strong signs of recovery.
Recently, the price of Bitcoin has approached US$100,000, the issuance of stablecoins has increased sharply, and market liquidity has increased significantly. These signals have made many institutions optimistic about the future trend. This article will analyze the reasons for the recent recovery in the currency circle and explore the views of many parties on the future trend of cryptocurrency.
Arthur Hayes, co-founder of BitMEX, believes that the global trend of monetary easing will drive the crypto market up. When faced with high volatility, the Federal Reserve usually continues to cut interest rates until the interest rate is close to 0%. The rate cut will promote bank credit growth and the government will continue to borrow to gain public support. In addition, other major economies are also lowering interest rates, alleviating the pressure on the Bank of Japan to raise interest rates. Global economies respond to volatility by reducing currency prices and increasing money supply. He advises investors holding cryptocurrencies to stay calm and look forward to the rise in the value of their fiat currencies.
The issuance of stablecoins is increasing, and Bitcoin's price is expected to reach a new high. 10X Research predicts that Bitcoin will reach $70,000 within the next two weeks and hit a new high by the end of October. They noted in their latest report that the stable and sharply increasing issuance is expected to add nearly $10 billion in liquidity in the coming weeks, a much larger increase than the liquidity from Bitcoin ETFs. Recently, Circle's stablecoin USDC inflow reached 40%, indicating an increase in allocations from large market participants, possibly related to the recovery of DeFi activities.
3. The BTC cycle investment return rate is normal, and the BTC reserves on exchanges are declining at a record pace.
One reason for the optimistic outlook on the recent prospects of the crypto industry is that the BTC cycle investment return rate is at the normal level for this cycle stage.
Moreover, the BTC reserves on exchanges are declining at a record pace, indicating that giants are withdrawing their tokens from exchanges, which usually suggests they plan to hold for a while rather than sell in the short term. This accumulation could lead to a tightening of supply.
4. Technical indicators show investment opportunities in Bitcoin
According to recent technical indicators, BOSS Wallet analysis points out the buying points, long stop-loss points, selling points, short stop-loss points, recent support and resistance levels, as well as the recent peak for Bitcoin. These technical indicators provide investors with a reference for investing in Bitcoin.
In summary, the overall trend of the current crypto market is optimistic, with most opinions suggesting that the prices of Bitcoin and other cryptocurrencies will rise. However, there still exists a certain degree of macro uncertainty in the market, and investors should remain cautious. When investing in cryptocurrencies, investors should pay attention to global monetary policies, stablecoin issuance, BTC cycle investment return rates, and technical indicators, among other factors, to make informed investment decisions.
After trading coins for 7 years, starting with 200,000 and making a profit of 15 million, only using 5 layers of warehouse operations, relying solely on this tactic, the monthly return can reach 80%. I shared the essence of this with my apprentice, who has mastered it in operations. Using this method for short-term trading, his return in 3 months doubled. Today, I specifically organized [6 Steps to Accurately Find Support and Resistance Levels!] to share with those destined to encounter it; make sure to keep it well.
Everyone's initial intention in the crypto market is the same; this is beyond doubt. If you are just here to pass the time, then this place is not suitable for you. We come to the crypto world to gain more returns and provide a better life for our families. If skills in the circle are the premise for profits, then the strict rules that need to be adhered to are the key to long-term profitability. If you want to treat trading coins as a second source of income and wish to share a piece of the pie in the market while being willing to spend time growing and learning, then don't miss this article; read it carefully. Every point is the essence of the crypto circle. It can be said that whether in a bull or bear market, these 10 iron rules can help you! I will also share my ten years of trading experience later!
1. Just entering the circle, don't rush to make money; learn quickly. If you can't even understand that exchanges can crash and run, how assets cross chains, and the concept of blockchain, how can you possibly make money?
2. Step into pitfalls more, practice diligently, and ask others less. In the crypto circle, 100 people have 101 opinions. Speculators think investors are fools, while speculators feel investors are pests. A says this project is a great innovation, B thinks it's just a conceptual machine, and C says both are scammers... Who should you believe? Believe no one; scammers are everywhere in the crypto circle, standing at various traffic junctions, providing enticing services to newcomers. And 99% of people in this circle are leeks; who to trust?
3. The community is very important. In my opinion, 99% of group chats are at the level of old men in the park, focused on casual chatting and occasionally posting profit screenshots. This is actually of little significance. A quality community can at least show you the facts of the circle. What do you think?
4. Investment is your own business. How to understand this sentence? It means that in the end, you have to rely on yourself for investment. Others' analysis and thoughts are only for reference; more independent research is needed to form your own investment framework. With a framework, you can have your own opinions. Don't care about what others say; they may not be as capable as you.
5. Contracts, short-term, accumulation, and NFT, which one is better? The best one is what suits you. Currently, our group strategy focuses on accumulation, and those with sufficient energy can help you with short-term trading. Some say contracts, short-term, NFTs; to be honest, they are all looking for you to take the fall.
6. How can you find a hundredfold coin+? If you don't even understand the basic concepts and haven't grasped what the circle is about, then asking around will never lead you to a hundredfold coin; you might as well be shot. I want to emphasize that making money in this circle is not that easy; the easy ones don’t make money. If someone wants to argue that so-and-so bought a hundredfold coin with a contract of so many times, that’s probably a scam.
7. Patience is the foundation of making money. You may have to learn for a long time and be deceived countless times to understand the situation in the crypto world. It's okay, cherish every experience of being deceived; these are lessons on the road to investment.
8. Abide by the basic rules of the crypto circle. If you lose, you have to admit it; if you get scammed, you have to accept it. Experts often do not complain, while the weak like to blame others for cutting leeks and complain about unfair rules. When you have no ability to set rules, stop whining.
9. Learn while practicing. Some people say, I have learned so many concepts and understand them, but it still feels abstract. That's wrong; you should learn while practicing, experience various projects, and of course, output is the best practice. You can also produce content to attract friends and exchange ideas together.
10. As long as you put in the effort, you can always become a big shot. I say this, and many people will surely disagree. Isn't this nonsense? How many people are still novices?
Remember, others are leeks and it has nothing to do with you; what you need to focus on is improving yourself. Nothing is difficult in the world, only afraid of those who are determined. If you want to argue, refer to point 2.
The last sentence is about summarizing and reviewing. Don't fall in the same place for the second time; then you can grow quickly.
If you are still being trapped and losing money in this market, comment 333, no long!
