I expect Bitcoin to set a new all-time high by the weekend, surpassing the $73,798 level of March 14.

After setting a local low in early May, the uptrend continues, with BTC securing two clear resistance breakouts after last week’s weaker-than-expected CPI data.

The approval of an Ethereum spot exchange-traded fund (ETF) this week would further legitimize the crypto industry and therefore be bullish for Bitcoin.

The new optimism surrounding the potential approval of an Ethereum spot ETF this week gives more confidence in Bitcoin price targets of $150,000 by the end of 2024 and $200,000 by the end of 2025.

Lately, it’s been hard to go a week without some outrageous attacks on cryptocurrencies from Gensler, Warren, etc., and the SEC unexpectedly asked for accelerated updated filings, which they wouldn’t have done if they had already decided to reject them this week. The likelihood of approval has therefore risen dramatically, so this is definitely the most interesting headline to watch this week.
$BTC $ETH

You can question Sun's character. But you can't question Sun's cryptocurrency trading skills.

At the end of April, Justin Sun's associated address increased its holdings by 22,317 ETH at an average price of $3,193, with a total value of $70.8 million.

Based on the current ETH price of $3,684, this bottom-fishing has made a profit of more than $11.43 million.

$ETH

Why is Sun my idol? Look at how handsome you are when you make a move. Although Sun is not a human, he is a good investor. Will you miss this wave of ETH takeoff?

Justin Sun currently holds a total of 665,000 ETH, worth approximately US$2.2447 billion, of which 390,000 were purchased from the end of last year to the end of April this year, with an average purchase price of US$2,984.

Of the 665,000 ETH, 247,000 are in wallets, and 417,000 are in pledge and re-pledge platforms, including:

215,217 ETH are in EigenLayer;

120,139 ETH are in Swell;

58,558 ETH are in Puffer;

23,225 ETH are in Lido;

454 ETH are in etherfi.

$ETH

Why do I say Sun Ge is my idol?

The suspected Justin Sun address transferred 8,170 ETH from Binance again, equivalent to 25.92 million US dollars

So far, the address has increased its holdings by 22,317 ETH at an average price of 3,193 US dollars, with a total value of 70.8 million US dollars.

#以太坊ETF $ETH

Crypto analytics firm Santiment says the average fee level on the Ethereum network has dropped to just $1.12 per transaction, the lowest average daily cost since October 18, 2023.

Traders switch between sentiment cycles, sometimes feeling that the cryptocurrency is going to "fly to the moon" and sometimes feeling that it is "dead", which can be observed through transaction fees. These fees tend to peak at price tops (sometimes diverging) and return to a static state at price bottoms.

In the case of a market retracement over the past 6 weeks, the lack of demand and network pressure may help turn the tide for ETH and related altcoins faster than many people expect.

$ETH #大盘走势

Only Chinese people regard making money as the whole of life.
#大盘走势 #比特币减半 #BTC

Why do I say Sun Ge is my idol? This is strength

On April 28, according to ai_9684xtpa monitoring, the whale (suspected Justin Sun address) who transferred 7402 ETH from Binance yesterday increased its holdings by 6743 ETH again, worth 22.3 million US dollars.

Currently, the address holds a total of 14,146 ETH, with a total value of 46.76 million US dollars and an average cost of 3205 US dollars.

Brothers, what do you think Sun Ge is going to do?

#ETH #大盘走势 #比特币减半

On April 15, a Bitcoin wallet that had been dormant for 14 years came to life. The wallet owner sent 50 Bitcoins to Coinbase, making more than $3 million from these once worthless Bitcoins. Such transactions are uncommon, but not unique. Early Bitcoin wallets come to life almost every week, raising the question of how many presumed lost Bitcoins can be put back into circulation.

Huizi is curious, how many BTC do you have in your hands?
#比特币减半 #大盘走势 #BTC

Look up at the stars, but also keep your feet on the ground; have dreams, but also respect reality.

In such a new development cycle (transition from the bonus period to the stable development period), we need to test our wisdom. If we handle it well and adjust it well, we can continue to grow the wealth in the bonus period smoothly (but it will become slower); if we don’t handle it well, or still use the old logic to deal with future investment and speculation, we may gradually give up profits and have a wealth daydream that has lasted for many years.

The adjustment I made to myself in this bull market is: after half a year, I should try to lower my expectations and increase the proportion of reducing positions

#比特币减半 #大盘走势 #BTC

Counting the changes visible to the naked eye in the crypto industry (5/5)

Competition is extremely intensified

The intensified competition is manifested in two aspects. One is that there are a lot of new competitors, and the other is that the strength of new competitors is very strong. In 2023, when the on-chain derivatives and restake just showed signs, a large number of competitors swarmed in. This year, many situations that go against past experience have occurred: the track is getting bigger, but the share of early players with advantages is shrinking. This situation can be said to have occurred in every track at the same time, not just derivatives. The result of this change is: buying the boss and holding the boss, but the price may not necessarily rise smoothly and significantly, because the market share and imagination have not risen accordingly, and it is even possible that the status has become shaky under the pressure of some new competitors

This change in the industry is one cycle faster than I expected. I originally thought that it would not really come until this cycle is over, but I didn’t expect that we are already at this moment.

#比特币减半 #大盘走势 #BTC

Counting the changes visible to the naked eye in the crypto industry (4/5)

Funds have not flowed into the cryptocurrency circle

In the past, investment institutions in the industry were all knowledgeable people. In addition to understanding BTC, they also understood Ethereum. In addition to understanding Ethereum, they would also actively invest in various innovative coins.

But this time is different. After the ETF, the funds invested in BTC are not directly circulated on the chain, but remain in other markets thousands of miles away. These funds only circulate on BTC, and are basically not interested in innovative coins or investments outside BTC.

Let me put it this way: the institutions that came in the last two rounds all understand the industry and all brought money to invest in the industry, while many new institutions in this round are only interested in BTC (as a hedge configuration).

Therefore, whether Ethereum can successfully pass the ETF this year is actually very important, which determines whether it can have a large amount of new funds to invest in it. If there is no ETF, it is really not that easy to violently push the market value and unit price of Ethereum by relying on these existing institutions in the market

#比特币减半 #大盘走势 #BTC

Counting the changes visible to the naked eye in the crypto industry (3/5)

The market value of too many projects has been overdrawn early

Now everyone has their own judgment on which projects are good and which projects are bragging, and it is difficult to buy good and cheap things. For example, Ethereum's two second-layer networks, OP and ARB, these two are almost at their peak when they debuted. The current price is basically the same as when they were first launched 1-2 years ago, and even ARB is lower than the price when it was launched.

Good things are not cheap, and good things and making money have become two different things

#比特币减半 #大盘走势 #BTC

Counting the changes visible to the naked eye in the crypto industry (2/5)

Hotspots are scattered

Restake, inscriptions, NFT, Solana ecology, modularization, second-layer network. There is no hot spot in this bull market that is participated by the whole people, which is very different from the past. Funds and users have no joint efforts at all. Everyone plays their own games in a scattered and disorderly manner. The reason for this is, first of all, the problem of industry development. The industry has become large and wide, and it is basically impossible for one person to play all over the industry;

Second, the industry lacks truly innovative products that can arouse imagination again. It is more of an improved bull market (micro-innovation on previous innovations)

#比特币减半 #大盘走势

Counting the changes visible to the naked eye in the crypto industry (1/5)

The number of people who engage in arbitrage and profiteering has greatly increased

In the past, everyone could only hold their own coins and speculate in the secondary market, but now 1/5 of the users have switched to arbitrage and profiteering in the semi-primary market to get coins. This group of people has a characteristic that they are relatively averse to buying coins in the secondary market. They can profit, fight (inscriptions), donate (memes), and pledge, but they just don't buy. If this ratio increases accordingly, it means that there are fewer people buying coins in the secondary market, and many more people who want to unload at low cost

#大盘走势 #BTC

Why is digital currency not suitable as a Valentine's Day gift?

Because its value fluctuates too much. It may be worth a fortune today, but worthless tomorrow, just like some feelings!

#大盘走势 #BTC

Hahahaha, a little joke for everyone, do you get it?

Why is Bitcoin not suitable for use in supermarkets?

Because when you pay for milk, the milk may have expired, while the Bitcoin transaction is still "confirmed"!

#BTC

Have you understood Huizi's little humor? ? Hahahaha

In the previous bull market, there were two strategies:

The first one: all assets are heavily invested in certain sectors

What you need to do is to wait for the bull market to come. The advantage is that the operation is simple, so it is suitable for most people and those who are busy with daily work. The disadvantage is: you need to hold on. Holding on is a test of human nature. Especially when you see coins everywhere that make people rich, but your own are standing still.

I recommend 2 to 4 specific sectors. If you want one, it is also okay, but it requires a test of personal vision. Too many is more risky and not recommended.

The second one: part of the position is lurking, and part of the position is added when the sector is hyped

The advantage is that you can advance or retreat, which is more flexible. But the disadvantage is that you need to be more sensitive to the market, spend more experience, and always focus on the market.

Do you think this round of bull market can still be done this way?

#比特币减半 #大盘走势 #BTC

To get rich in the bull market, my 6 thoughts (6/6)

There are 3 types of sector hype:

1) Deterministic major events, such as the Shanghai upgrade leading to the hype of LIDO and SSV, and the Arbitrum airdrop coin issuance triggering the rise of its ecological projects;

2) Sudden events. For example, the sudden popularity of chatgpt triggered the outbreak of the AI ​​sector, and the release of Sora also triggered a wave of rises. For example, in the second half of 2021, the popularity of the metaverse triggered the craze of GameFi in the currency circle;

3) After a certain coin exploded, it became the leader, causing the popularity of its sector projects;

The hype of the sector is uncertain most of the time, which is also the reason why we have to wait for the wind to come in the bull market. Because the time of hype cannot be determined. Only the first major event is relatively certain. But its disadvantage is that because of its strong certainty, the increase you can participate in may not be very large. That's because there are always many people who will plan ahead. The most typical example is this year's Cancun upgrade, where the increase of arb and OP lags behind other coins.
#比特币减半 #大盘走势 #BTC

To get rich in a bull market, my 6 thoughts (5/6)

Although it is very satisfying to invest all in one sector, you may miss the entire bull market, which is not recommended due to the high risk. It is recommended to use the method of concentration + limited quantity. Divide into several key points and secondary points. The overall control is within one number.

#比特币减半 #大盘走势 #BTC

To get rich in a bull market, my 6 thoughts (4/6)

You need to distinguish between awesomeness and potential returns. A very awesome project may not make you money, because the market will fully price it. That is, projects that are favored by everyone may not necessarily have a very large increase.

I will choose:

1) Projects that are recognized by the market but not favored by everyone, as the focus of research, so the potential returns are high and the risks are low;

2) Sectors with low market popularity, as mini warehouse lottery sectors;

#比特币减半 #大盘走势 #BTC