😎Top Investment Bank Practitioner 🥬Crypto Investor & Researcher 7 years 🏆I have a lot of awards, but there is not enough space in this margin to write them
I wrote the last post at 1am, when the price of Bitcoin was around $100,000, but now it has dropped to $95,000
I didn’t expect the script I wrote would be realized at the speed of light within 24 hours
$BTC $ETH
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Chauncey Liu
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The script for the future has already been written: After the significant drop on December 18-19, Bitcoin has stabilized slightly and recovered a bit, while altcoins continue to play dead. Then, a few days later, Bitcoin dips again by about 5%, and altcoins continue to plummet $BTC
The script for the future has already been written: After the significant drop on December 18-19, Bitcoin has stabilized slightly and recovered a bit, while altcoins continue to play dead. Then, a few days later, Bitcoin dips again by about 5%, and altcoins continue to plummet $BTC
As we all know: When market expectations are extremely uniform, it usually indicates that a turning point is approaching. When the Fear and Greed Index remains in 'Extreme Greed' for an entire month, and after a brief pullback, it rises to a high again, we should remain sufficiently vigilant. The last time this happened was in March of this year, when Bitcoin significantly pulled back from the $79,000 position. Historically, this pattern has generally been followed.
2016: Electoral Votes: Trump wins Total Votes: Hillary wins Senate: Republican majority House of Representatives: Republican majority
2020: Electoral Votes: Biden wins Total Votes: Biden wins Senate: Republican majority (but the Democrats united two independents resulting in a tie, plus the Vice President's vote gives control of the Senate to the Democrats) House of Representatives: Democratic majority
2024: Two days before the election, the market reflects a near 50-50 split But now it seems the Democrats may not even be able to hold the total votes... In undecided swing states, Trump is basically leading, and he might achieve a complete victory
Bitcoin volatility has dropped to the level at the beginning of the bull market
Implied volatility is usually calculated based on the options products traded on the market combined with the Black-Scholes formula, reflecting investors' expectations of the volatility of asset prices in the future
Statistics of the volatility data of Bitcoin and Ethereum from July 3, 2023 to July 2, 2024 show that the trends of the two are basically the same, and both have continued to decline since April. Among them, the implied volatility of Bitcoin has dropped below 50, while Ethereum has a certain difference from Bitcoin due to the uncertainty of the launch time of the ETF
In summary, the market judges that the short-term trend of $BTC and $ETH is still mainly sideways. According to historical experience and data trends, there is a possibility of a bull market in the second half of 2024
20 Well-Known Projects with Low Market Cap and High FDV (July 2024)
In the world of cryptocurrency, it is important to distinguish between Market Cap and Fully Diluted Value (FDV) In the traditional financial industry, the above two concepts are exactly the same. Regardless of whether the shares are restricted or locked by pledge, they must be included in the calculation of the company's market value. For example, when an A-share listed company just completed its IPO, the share price was 10 yuan per share and the total share capital was 100 million shares. Although 80 million of the 100 million shares were pre-IPO shares and could not be circulated within one year, the company's market value was still calculated by using the price of 10 yuan per share × 100 million total share capital, thus deriving the company's market value of 1 billion yuan.