Bulls are coming back! Wall Street's 10 billion bet on the cryptocurrency market, will it reach 100,000 US dollars by the end of July?! If you don't know about these three major benefits, it will be too late! Why did WIF and PEPE plummet? This coin has a huge update, so be prepared! Be careful! The US inflation data will be released next week, will it be a good thing?

Oh my god! Wall Street is in trouble again! The options market is betting heavily that Bitcoin will rise to $100,000 in August?! The data at the end of this month is even more shocking. You must know these important indicators!

The next US inflation data is coming soon. Will it be good news? Did WIF and PEPE collapse? Why did they plummet?

So what should we do now? Let’s follow Shuqin to see.

You have to know that those who play options are definitely high-end smart money, usually those traders on Wall Street. And they are really too wild now. Among the options expiring on July 26, the biggest bet on the price of Bitcoin by traders is a $100,000 call option.

The next most reasonable option is 85,000. In addition, there are many bets around 73,000. In summary, the average price of call options is that Bitcoin will rise to around 85,000 by the end of July.

As for the Bitcoin options that are more relevant now and expire at the end of May, most of the chips are bets on 70,000 and 80,000 call options, with an average price of 74,000.

The bullish and bearish ratio is 2 to 1, and the total position is as high as 3.7 billion US dollars, so it can be seen that Wall Street is really wealthy and is betting real money.

So why are they so optimistic about the recent trend? It turns out that there are several crucial pieces of information that have been overlooked.

Let’s take a look at a picture first.

The picture shows a comparison of the trends of the U.S. stock market Nasdaq and Bitcoin. The two cannot be said to be completely identical, but they are exactly the same. Bitcoin is actually deeply tied to the U.S. stock market. This is something that many retail investors who do not have access to the capital market do not know.

Now, the three major U.S. stock indices have broken through this year's highs and are expected to hit higher levels, so Wall Street traders have begun to make large long bets on Bitcoin's rebound. Therefore, Bitcoin has the motivation to rebound to its previous historical high of 73,000 in the next week or two.

Some new investors may not understand this logic. It is like the pattern in the cryptocurrency world where Bitcoin rises first and then the altcoins follow suit. In this case, the U.S. stock market rises first, and then Bitcoin, as a altcoin, follows suit. This is a logic. After all, the correlation between the cryptocurrency world and the Nasdaq has been tested by time.

Of course, the premise here is that the Nasdaq can at least hold its own and not fall. If it rises, that’s even better. So when investing, don’t just look at Bitcoin, but also focus on the trend of the U.S. stock market. After all, the main force in the currency circle is Wall Street.

However, the rise of mainstream currencies such as Bitcoin will put pressure on Dogecoin and suck blood from it in the opposite direction. When Bitcoin stops rising, the copycat season will come again.

Coupled with the collapse of GME, the leading meme stock in the US stock market, local dog coins such as Pepe and WIF will perform relatively weakly in the near future. Shuqin also warned of this a few days ago.

Especially since PEPE has risen so much before, there is a lot of demand for a correction. Pepe's better point is 0.9, while WIF is around 2.3 and 2.5u. When the mainstream coins can no longer rise, the funds will flow to Dogecoin again, so don't be impatient and give the sectors some time to rotate.

The four major banks in the United States have also begun to compete to deploy Bitcoin. Whether it is JPMorgan Chase, Morgan Stanley or Wells Fargo, they all have Bitcoin exposure.

For example, the latest document disclosed by Morgan Stanley shows that it holds a $270 million Bitcoin ETF. In addition, many private equity funds and asset management companies in the United States have also purchased hundreds of millions of coins. These are all leaders on Wall Street and are much smarter than you and me.

The cryptocurrency circle has never had an entry of the magnitude of Wall Street before. Now it has broken through the previous high of 69,000 before the first halving, so this bull market is really amazing, and its upper limit will definitely exceed everyone's expectations.

Now here comes the point, in the short term, will the cryptocurrency market rise or fall? The rise and fall of Bitcoin now depends entirely on one type of data, that is, major inflation-related indicators, and one key data will be released next week.

I believe everyone has seen the big surge on Wednesday. As soon as the CPI was slightly positive, Bitcoin soared directly from 61,000 to nearly 67,000. Therefore, the next data release is particularly important, and the closest one is the Michigan inflation expectations data at 10 pm next Friday.

The last time this data came out, it was much higher than expected, reaching 3.5%. So on May 10th, Bitcoin collapsed, plummeting from 64,000 to 60,000, a drop of nearly 7%.

The data on the 24th is particularly critical. I dare to express my opinion. I think it is likely to be positive. Because the prices of major commodities such as oil and natural gas fell from April to May, and the decline was not small.

In addition, the CPI on Wednesday was indeed positive, which was exactly the same as Benqin's prediction. I asked everyone to buy in advance that afternoon, which was really satisfying. So we have reason to believe that the data this time will most likely be positive, and Bitcoin will most likely fly directly to 70,000 or even higher. Let's take a look at some of the dynamics on Wall Street next week, and I will update again then.

However, no matter how bullish we are, we cannot miss good trading opportunities. For example, Ethereum came to this suppression line again in the past two days, which are all very good short-selling opportunities.

Shuqin has already shorted here twice. I posted it at midnight on Wednesday, and then it hit 3040 on Thursday. After that, it pulled back all the way to 2900. It is really extremely accurate.

And when it broke through the trend line yesterday, we took advantage of the situation and bought more. This Benqin was also issued in the square.

In addition, Pepe and I had previously shorted at a high level of 0.11, and said that it would short at 0.97, and the result was exactly the same, so those who are interested in the operation can really come and have a look, we will update it in real time every day.

Okay, let’s continue.

Link is now facing an epic opportunity. It announced this morning that it has reached cooperation with a number of Wall Street trillionaires, including JPMorgan Chase, Invesco, State Street, DTCC, and Franklin, to provide them with asset tokenization and chain services. This is really impressive, and the future prospects are limitless.

I think this will be a signal that Link is getting stronger, because you can see that it has formed a double bottom of W on the K-line, so we can wait for a pullback and then get on board, especially at 15u. After all, it has indeed pulled back in place in the past few weeks, and the pattern looks very good.

This incident has benefited the RWA leader Ondo. Shuqin had been supporting it every day before. Now it has flown from 0.7 to the 1u resistance and started to pull back. This is its third time to hit 1u. This time it is expected to pull back to around 0.9 and 0.95 to consolidate the coin price, and then there will be a chance to completely break through 1u. Its journey will be to the stars and the sea!

In addition, there is a big event coming up in the cryptocurrency world, which is the much-anticipated Ethereum ETF decision next Thursday. In fact, everyone can see from the market trend that the market has already anticipated that the Ethereum ETF will be rejected, so the recent trend of Ethereum is very weak.

Well, but you know, if it is rejected on May 23, it may form a negative situation, which will promote the rebound of the currency price. Do you believe it? Shuqin thinks it is quite likely, because the capital market is so anti-human. For example, Shuqin said that the Cancun upgrade on March 13 would be the beginning of a decline, because it would become a positive situation.

I also specifically found the example of Shanghai's upgrade last year to show you, and we did successfully escape the top at 4,000.

So the ETF on May 23rd might really have a reversal. I slightly increased my position at 2900 to try my luck. We also let everyone get on board at 3000 in the Plaza, and now it is almost 3200. Because even if it doesn't rise, it doesn't matter, anyway, it will have Prague upgrade in the second half of the year, and the price will definitely soar, so now is considered as building a position in advance.

However, the most important thing is to refer to the trends of CPI, the U.S. stock market and on-chain data.

Retail investors don't know these data, but those who have watched Shuqin's program are all confident, and success always comes to those who are prepared, so our financial freedom in this bull market will not be accidental, but inevitable!

Finally, don’t forget to like and follow, and prepare for the upcoming bull market together!