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Bitcoin hits new all-time high as dollar inflation rises for first time since March
According to the latest data released by the U.S. Bureau of Labor Statistics last Wednesday, the Consumer Price Index (CPI) in October fell to 2.6% year-on-year over the past 12 months. This change may indicate that a full-scale bull market in dollar-denominated assets is about to officially begin in 2025.
Source: U.S. Bureau of Labor Statistics <br />
It is worth noting that the increase in CPI, an important indicator to measure the change in the purchasing power of the US dollar, also means an increase in the prices of a basket of consumer goods in our daily lives.
Source: investing.com
The CPI continued to decline from March to September, prompting the US Federal Reserve to cut interest rates in September. After the rate cut, the price of Bitcoin began to recover and continued to rise until October, while the stock market on Wall Street also rose. Major US stock indices such as the S&P 500 hit record highs this month and last month.
Source: U.S. Bureau of Labor Statistics <br />
It is worth noting that the increase in CPI, an important indicator to measure the change in the purchasing power of the US dollar, also means an increase in the prices of a basket of consumer goods in our daily lives.
Source: investing.com
The CPI continued to decline from March to September, prompting the US Federal Reserve to cut interest rates in September. After the rate cut, the price of Bitcoin began to recover and continued to rise until October, while the stock market on Wall Street also rose. Major US stock indices such as the S&P 500 hit record highs this month and last month.
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Hidden taxes for U.S. taxpayers: $1.2 trillion in annual interest on national debt. Can the 2024 presidential election turn the tide?
What would you think if your annual bill suddenly had an extra $8,100 in "debt interest tax"? This is not a fictional plot, but a reality facing American taxpayers.
Monthly trend chart of U.S. federal government debt | Source: ceicdata
The current size of the U.S. national debt has reached 35.5 trillion U.S. dollars! As the size of the U.S. national debt continues to expand, the U.S. has to pay as much as 1.2 trillion U.S. dollars in interest on the national debt each year.
💰 Where does this money come from? The answer is obvious. This money will eventually fall on the shoulders of the American taxpayers.
Monthly trend chart of U.S. federal government debt | Source: ceicdata
The current size of the U.S. national debt has reached 35.5 trillion U.S. dollars! As the size of the U.S. national debt continues to expand, the U.S. has to pay as much as 1.2 trillion U.S. dollars in interest on the national debt each year.
💰 Where does this money come from? The answer is obvious. This money will eventually fall on the shoulders of the American taxpayers.
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The Awakening of Financial Giants' CEOs: Cryptocurrency Investment, from Missing the Opportunity to Corporate Strategic Layout
Recently, the Bitcoin and cryptocurrency market in the U.S. has been filled with uncertainty, but in this promising field, financial giant Charles Schwab, managing up to $7 trillion in assets, has shown strong interest.
Rick Wurster, the president of Charles Schwab, revealed that as the regulatory environment in the industry becomes clearer, the company is planning to enter the spot cryptocurrency market. This strategic interest is closely related to the overwhelming victory of the new U.S. President Donald Trump in the U.S. elections.
Rick Wurster, the president of Charles Schwab, revealed that as the regulatory environment in the industry becomes clearer, the company is planning to enter the spot cryptocurrency market. This strategic interest is closely related to the overwhelming victory of the new U.S. President Donald Trump in the U.S. elections.
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🚀 BTC price is approaching the $100,000 mark, and the community is grateful for the push from short sellers and non-believers!
Shortly after the news of Trump's election, the cryptocurrency market was like a chicken blood, and the prices of all major assets soared to new highs.
Bitcoin is undoubtedly the protagonist of this carnival. The price has soared from less than $70,000 before the election to the current $99,800, an increase of more than 40% since Trump's election!
The main reason behind this amazing rise is the US spot Bitcoin ETF. These funds were launched in January this year, and funds have shown a positive inflow trend. In the first week after the election, they attracted nearly $5 billion.
Although there was a net outflow of $770 million on November 14 and 15, investors' overall enthusiasm has not diminished. In the past five days, there has been crazy buying, with a net inflow of about $3.38 billion in a single week. BlackRock IBIT alone had a net inflow of $2.05 billion in a single week.
Santiment pointed out that community members often post information about the market's reverse transactions on social media and other channels, and the price performance is often contrary to expectations, which in turn has contributed to the further rise in Bitcoin prices.
The analysis said that given that the trend of the cryptocurrency market is contrary to most people's expectations, thanks to all the bears and non-believers, the market trend of Bitcoin has maintained this historic trend.
However, this coveted milestone, that is, the price of Bitcoin reaches $100,000, is the fuse since the "Laser Eye Movement" in 2021. At that time, it was so close, but so far away.
In the early hours of this morning, BTC was only 0.5% away from reaching the $100,000 mark, but since $99,800 million, Bitcoin has retreated by about $1,300. This also raises a question of general concern in the market: when will the final sprint come, or will it come?
The latest data shows that the FOMO (fear of fear) of market participants remains at a low level, which is usually seen as a signal that the market may rise further. However, the fear and greed index is clearly biased towards greed, which may mean that a market adjustment is coming.
For now, all investors and observers can do is wait and see if this Bitcoin frenzy continues.
#比特币 #特朗普效应 #比特币十万美元
Shortly after the news of Trump's election, the cryptocurrency market was like a chicken blood, and the prices of all major assets soared to new highs.
Bitcoin is undoubtedly the protagonist of this carnival. The price has soared from less than $70,000 before the election to the current $99,800, an increase of more than 40% since Trump's election!
The main reason behind this amazing rise is the US spot Bitcoin ETF. These funds were launched in January this year, and funds have shown a positive inflow trend. In the first week after the election, they attracted nearly $5 billion.
Although there was a net outflow of $770 million on November 14 and 15, investors' overall enthusiasm has not diminished. In the past five days, there has been crazy buying, with a net inflow of about $3.38 billion in a single week. BlackRock IBIT alone had a net inflow of $2.05 billion in a single week.
Santiment pointed out that community members often post information about the market's reverse transactions on social media and other channels, and the price performance is often contrary to expectations, which in turn has contributed to the further rise in Bitcoin prices.
The analysis said that given that the trend of the cryptocurrency market is contrary to most people's expectations, thanks to all the bears and non-believers, the market trend of Bitcoin has maintained this historic trend.
However, this coveted milestone, that is, the price of Bitcoin reaches $100,000, is the fuse since the "Laser Eye Movement" in 2021. At that time, it was so close, but so far away.
In the early hours of this morning, BTC was only 0.5% away from reaching the $100,000 mark, but since $99,800 million, Bitcoin has retreated by about $1,300. This also raises a question of general concern in the market: when will the final sprint come, or will it come?
The latest data shows that the FOMO (fear of fear) of market participants remains at a low level, which is usually seen as a signal that the market may rise further. However, the fear and greed index is clearly biased towards greed, which may mean that a market adjustment is coming.
For now, all investors and observers can do is wait and see if this Bitcoin frenzy continues.
#比特币 #特朗普效应 #比特币十万美元
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💰The Bitcoin spot ETF market continued to inflow this week, and the Ethereum spot ETF saw its first net inflow yesterday
According to the latest data from SoSoValue, the cryptocurrency market has seen positive capital inflows, with Bitcoin spot ETFs achieving net inflows for five consecutive days, with a total net inflow of $490 million yesterday, and a successful net inflow of $3.38 billion in a single week.
In this trend, BlackRock's IBIT ETF led with a single-day net inflow of $513 million, a single-week net inflow of $2.05 billion, and a historical total net inflow of $31.33 billion. Fidelity's FBTC ETF also performed well, with a single-day net inflow of $21.71 million, a single-week net inflow of nearly $773 million, and a cumulative net inflow of $11.54 billion.
In addition, although Grayscale's GBTC ETF and its Bitcoin Mini Trust BTC had a net outflow of $67.05 million and a net inflow of $5.72 million yesterday, respectively, they achieved a net outflow of $52.85 million and a net inflow of nearly $103 million in a single week. The historical cumulative net outflows were $20.33 billion and the net inflows were nearly $697 million.
As of now, the total net asset value of Bitcoin spot ETFs is $107.49 billion, accounting for 5.48% of the market value of Bitcoin, with a historical cumulative net inflow of $30.84 billion.
At the same time, after experiencing 6 days of net outflows, the Ethereum spot ETF market also ushered in a net inflow of $91.21 million for the first time yesterday, and achieved a net outflow of $71.6 million this week.
In this trend, BlackRock's ETHA ETF led with a single-day net inflow of $99.68 million, a single-week net inflow of $78.34 million, and a cumulative net inflow of $1.8 billion. Fidelity's FETH ETF also performed strongly, with a single-day net inflow of $5.7583 million, but a single-week net outflow of $51.71 million, and a cumulative net inflow of $704 million.
Grayscale's ETHE and Ethereum Mini Trust ETH had net outflows of $18.56 million and nearly $621,100 respectively yesterday, achieving net outflows of $95.56 million and nearly $12.98 million respectively in a single week, with a historical cumulative net outflow of $3.34 billion and a net inflow of $367 million respectively.
As of now, the total net asset value of Ethereum spot ETF is $9.69 billion, accounting for 2.44% of the market value of Bitcoin, with a historical cumulative net inflow of nearly $107 million.
In summary, overall, the positive capital inflows in the cryptocurrency ETF market indicate that the market is full of confidence and the fundamentals are still healthy.
#比特币ETF #以太坊ETF #加密货币市场动态
According to the latest data from SoSoValue, the cryptocurrency market has seen positive capital inflows, with Bitcoin spot ETFs achieving net inflows for five consecutive days, with a total net inflow of $490 million yesterday, and a successful net inflow of $3.38 billion in a single week.
In this trend, BlackRock's IBIT ETF led with a single-day net inflow of $513 million, a single-week net inflow of $2.05 billion, and a historical total net inflow of $31.33 billion. Fidelity's FBTC ETF also performed well, with a single-day net inflow of $21.71 million, a single-week net inflow of nearly $773 million, and a cumulative net inflow of $11.54 billion.
In addition, although Grayscale's GBTC ETF and its Bitcoin Mini Trust BTC had a net outflow of $67.05 million and a net inflow of $5.72 million yesterday, respectively, they achieved a net outflow of $52.85 million and a net inflow of nearly $103 million in a single week. The historical cumulative net outflows were $20.33 billion and the net inflows were nearly $697 million.
As of now, the total net asset value of Bitcoin spot ETFs is $107.49 billion, accounting for 5.48% of the market value of Bitcoin, with a historical cumulative net inflow of $30.84 billion.
At the same time, after experiencing 6 days of net outflows, the Ethereum spot ETF market also ushered in a net inflow of $91.21 million for the first time yesterday, and achieved a net outflow of $71.6 million this week.
In this trend, BlackRock's ETHA ETF led with a single-day net inflow of $99.68 million, a single-week net inflow of $78.34 million, and a cumulative net inflow of $1.8 billion. Fidelity's FETH ETF also performed strongly, with a single-day net inflow of $5.7583 million, but a single-week net outflow of $51.71 million, and a cumulative net inflow of $704 million.
Grayscale's ETHE and Ethereum Mini Trust ETH had net outflows of $18.56 million and nearly $621,100 respectively yesterday, achieving net outflows of $95.56 million and nearly $12.98 million respectively in a single week, with a historical cumulative net outflow of $3.34 billion and a net inflow of $367 million respectively.
As of now, the total net asset value of Ethereum spot ETF is $9.69 billion, accounting for 2.44% of the market value of Bitcoin, with a historical cumulative net inflow of nearly $107 million.
In summary, overall, the positive capital inflows in the cryptocurrency ETF market indicate that the market is full of confidence and the fundamentals are still healthy.
#比特币ETF #以太坊ETF #加密货币市场动态
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🎉MetaMask wallet innovative breakthrough, the newly launched Gas Station allows token exchange without ETH Gas fee
Major update! MetaMask wallet has launched a new Gas Station feature, which allows you to easily exchange and transfer tokens on the Ethereum chain without having to pay extra ETH Gas fees.
For many web3 users, using ETH to pay Gas fees has always been a frustrating problem. Traditional solutions include buying ETH on centralized exchanges and then transferring it to the on-chain wallet. However, this process is often time-consuming and costly.
However, the new Gas Station feature directly includes Gas fees in the transaction, saving you from having to transfer ETH to pay Gas fees, making transactions smoother and more worry-free.
This feature is now on the Ethereum mainnet and has been launched for MetaMask Extension users, and a mobile version is planned to be launched soon. Friends who use MetaMask plugin wallets can experience it first!
In addition, MetaMask's smart transactions also provide reliable execution support for this function, supporting popular tokens that include swaps with Gas, such as USDT, USDC, DAI, ETH, wETH, wBTC, etc. By aggregating liquidity from decentralized exchanges, market makers, and aggregators, MetaMask ensures competitive pricing while simplifying the user experience.
Although it is hard to say what the impact of this will be on ETH. But Gas Station no longer costs ETH's gas fee to exchange coins, which makes MetaMask users' other activities on Ethereum, such as staking, DeFi activities, etc., very friendly. So, MetaMask users can try the experience.
Although MetaMask has taken big steps, it is not easy for them. A while ago, they also worked with Mastercard and Baanx to create a crypto debit card, and now they are here again with this Gas Station. It can be seen that they want to bring blockchain and traditional finance closer. However, facing the two big rocks of security and regulation, MetaMask must also do a good job of risk control.
💬What do you think of this new feature? Will decentralized trading become a huge challenger to centralized exchanges in the future? Leave your opinions and views in the comment section!
#MetaMask #以太坊 #GasStation #加密货币
Major update! MetaMask wallet has launched a new Gas Station feature, which allows you to easily exchange and transfer tokens on the Ethereum chain without having to pay extra ETH Gas fees.
For many web3 users, using ETH to pay Gas fees has always been a frustrating problem. Traditional solutions include buying ETH on centralized exchanges and then transferring it to the on-chain wallet. However, this process is often time-consuming and costly.
However, the new Gas Station feature directly includes Gas fees in the transaction, saving you from having to transfer ETH to pay Gas fees, making transactions smoother and more worry-free.
This feature is now on the Ethereum mainnet and has been launched for MetaMask Extension users, and a mobile version is planned to be launched soon. Friends who use MetaMask plugin wallets can experience it first!
In addition, MetaMask's smart transactions also provide reliable execution support for this function, supporting popular tokens that include swaps with Gas, such as USDT, USDC, DAI, ETH, wETH, wBTC, etc. By aggregating liquidity from decentralized exchanges, market makers, and aggregators, MetaMask ensures competitive pricing while simplifying the user experience.
Although it is hard to say what the impact of this will be on ETH. But Gas Station no longer costs ETH's gas fee to exchange coins, which makes MetaMask users' other activities on Ethereum, such as staking, DeFi activities, etc., very friendly. So, MetaMask users can try the experience.
Although MetaMask has taken big steps, it is not easy for them. A while ago, they also worked with Mastercard and Baanx to create a crypto debit card, and now they are here again with this Gas Station. It can be seen that they want to bring blockchain and traditional finance closer. However, facing the two big rocks of security and regulation, MetaMask must also do a good job of risk control.
💬What do you think of this new feature? Will decentralized trading become a huge challenger to centralized exchanges in the future? Leave your opinions and views in the comment section!
#MetaMask #以太坊 #GasStation #加密货币
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🚀Bitcoin's market value approaches the 2 trillion mark, targeting Amazon and Alphabet
Bitcoin's market value has reached a new high! Today, it hit a historic peak of nearly $1.96 trillion, with the price soaring to $98,886. This number means that Bitcoin's market value has surpassed that of the Middle Eastern oil giant Saudi Aramco, second only to Google's parent company Alphabet's $2.06 trillion and e-commerce giant Amazon's $2.08 trillion!
Currently, Bitcoin's market value accounts for 10% of gold's market value, and it also exceeds half of the market value of the world's largest company, Nvidia, which is $3.59 trillion. The total market value of Bitcoin is currently $200 billion higher than that of the entire silver market!
According to Coingecko data, as of now, Bitcoin's price has increased by 12.7% over the past seven days, with the highest price briefly approaching $99,500. Analysts believe that the news of the Trump team planning to establish a position in the White House specifically responsible for cryptocurrency policy is a key factor driving this increase in Bitcoin's price.
Market analyst Tony Sycamore stated, "Buyers are strong right now, and while I'm not sure if everything will go smoothly as the price approaches the $100,000 mark, demand seems to be endless." Bitwise's CEO Hunter Horsley also mentioned, "Bitcoin is the greatest wealth transfer plan in the world today."
Also worth noting is that Bitcoin whale MicroStrategy has announced it will accelerate its Bitcoin purchases, and the debut of the U.S. spot Bitcoin ETF options has also added fuel to the market.
TradingView charts show that Bitcoin's market share soared to 61.53% yesterday, ranking first in terms of cryptocurrency market capitalization.
On the other hand, according to Coingecko data, Ethereum's market value has also reached $406.9 billion, surpassing the market value of Procter & Gamble, which ranks 33rd.
Additionally, Ethereum's price has increased by over 10% in the past seven days, accounting for 11% of the total cryptocurrency market capitalization; while stablecoins rank third with nearly 4% of the cryptocurrency market share.
Finally, how long do you think this surge in Bitcoin will last? Will Bitcoin's market value exceed Amazon's in this cycle?
#比特币新高 #比特币市值 #全球市值排名
Bitcoin's market value has reached a new high! Today, it hit a historic peak of nearly $1.96 trillion, with the price soaring to $98,886. This number means that Bitcoin's market value has surpassed that of the Middle Eastern oil giant Saudi Aramco, second only to Google's parent company Alphabet's $2.06 trillion and e-commerce giant Amazon's $2.08 trillion!
Currently, Bitcoin's market value accounts for 10% of gold's market value, and it also exceeds half of the market value of the world's largest company, Nvidia, which is $3.59 trillion. The total market value of Bitcoin is currently $200 billion higher than that of the entire silver market!
According to Coingecko data, as of now, Bitcoin's price has increased by 12.7% over the past seven days, with the highest price briefly approaching $99,500. Analysts believe that the news of the Trump team planning to establish a position in the White House specifically responsible for cryptocurrency policy is a key factor driving this increase in Bitcoin's price.
Market analyst Tony Sycamore stated, "Buyers are strong right now, and while I'm not sure if everything will go smoothly as the price approaches the $100,000 mark, demand seems to be endless." Bitwise's CEO Hunter Horsley also mentioned, "Bitcoin is the greatest wealth transfer plan in the world today."
Also worth noting is that Bitcoin whale MicroStrategy has announced it will accelerate its Bitcoin purchases, and the debut of the U.S. spot Bitcoin ETF options has also added fuel to the market.
TradingView charts show that Bitcoin's market share soared to 61.53% yesterday, ranking first in terms of cryptocurrency market capitalization.
On the other hand, according to Coingecko data, Ethereum's market value has also reached $406.9 billion, surpassing the market value of Procter & Gamble, which ranks 33rd.
Additionally, Ethereum's price has increased by over 10% in the past seven days, accounting for 11% of the total cryptocurrency market capitalization; while stablecoins rank third with nearly 4% of the cryptocurrency market share.
Finally, how long do you think this surge in Bitcoin will last? Will Bitcoin's market value exceed Amazon's in this cycle?
#比特币新高 #比特币市值 #全球市值排名
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Experts Predict Bitcoin Price Surge to $150,000 Timeline
Recently, Bitcoin has shown strong upward momentum, which has sparked widespread speculation within the cryptocurrency community. Numerous cryptocurrency experts have made predictions that Bitcoin is very likely to rise to $100,000 or even higher within the current market cycle. This digital asset seems poised to witness a significant increase in price range, with its future trajectory being closely watched.
$100,000 or even higher
Currently, the cryptocurrency community generally expects Bitcoin's value to rise to six figures. In this context, market analyst and investor Ali Martinez has made a bold prediction that BTC's price is expected to soar to the $150,000 mark within the current cycle, and he also offered insights on the potential timeline for this target.
$100,000 or even higher
Currently, the cryptocurrency community generally expects Bitcoin's value to rise to six figures. In this context, market analyst and investor Ali Martinez has made a bold prediction that BTC's price is expected to soar to the $150,000 mark within the current cycle, and he also offered insights on the potential timeline for this target.
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📢Breaking News: SEC Chairman Gary Gensler Announces Resignation in January!
Current Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler announced on Thursday that he will officially resign in January.
He confirmed this news in a statement on social media X and in an article on the SEC's official website, stating that ensuring the global leadership of U.S. capital markets has been the honor of his life. Gensler expressed gratitude to President Biden and emphasized that the SEC has never shied away from enforcing the law.
It is worth noting that in the cryptocurrency sector, Gary Gensler's reputation is not good, mainly due to his initiation of multiple enforcement actions against industry leaders and his overly cautious approach in pushing for regulatory rules concerning emerging asset classes such as cryptocurrencies. However, with Donald Trump's victory, the market generally expects that the new government may bring a more lenient regulatory environment for cryptocurrencies.
Following the announcement of Gensler's resignation, the price of Bitcoin surged, successfully breaking through the $9,800 mark.
This price movement may reflect the market's positive expectations for cryptocurrency policies under the new government leadership, as well as investors' responses to the possibility of a friendlier regulatory stance from the new government.
In summary, the rise in Bitcoin could indicate investors' expectations for the new SEC leadership and hopes for a potential easing of the cryptocurrency regulatory environment. With Gensler's departure, we may see the arrival of a more open and friendly regulatory era for cryptocurrencies.
💬 What are your thoughts on Gensler's resignation and the SEC's future regulatory direction? How do you think this will impact the cryptocurrency market? Share your views in the comments section, and let’s discuss the future of cryptocurrencies together!
#SEC #GaryGensler #比特币 #加密货币监管
Current Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler announced on Thursday that he will officially resign in January.
He confirmed this news in a statement on social media X and in an article on the SEC's official website, stating that ensuring the global leadership of U.S. capital markets has been the honor of his life. Gensler expressed gratitude to President Biden and emphasized that the SEC has never shied away from enforcing the law.
It is worth noting that in the cryptocurrency sector, Gary Gensler's reputation is not good, mainly due to his initiation of multiple enforcement actions against industry leaders and his overly cautious approach in pushing for regulatory rules concerning emerging asset classes such as cryptocurrencies. However, with Donald Trump's victory, the market generally expects that the new government may bring a more lenient regulatory environment for cryptocurrencies.
Following the announcement of Gensler's resignation, the price of Bitcoin surged, successfully breaking through the $9,800 mark.
This price movement may reflect the market's positive expectations for cryptocurrency policies under the new government leadership, as well as investors' responses to the possibility of a friendlier regulatory stance from the new government.
In summary, the rise in Bitcoin could indicate investors' expectations for the new SEC leadership and hopes for a potential easing of the cryptocurrency regulatory environment. With Gensler's departure, we may see the arrival of a more open and friendly regulatory era for cryptocurrencies.
💬 What are your thoughts on Gensler's resignation and the SEC's future regulatory direction? How do you think this will impact the cryptocurrency market? Share your views in the comments section, and let’s discuss the future of cryptocurrencies together!
#SEC #GaryGensler #比特币 #加密货币监管
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📢 Guess which altcoin could be the next Bitcoin?
Bitcoin has been on fire lately, with a market cap approaching the $2 trillion mark, and everyone is talking about it on social media. Santiment’s X tweet has sparked speculation about which cryptocurrencies will see a big rally next.
Bitcoin is definitely the first to be hit, with the cryptocurrency soaring from $65,000 to $99,000 in the past 30 days, up more than 50%. Although the price of Bitcoin took a short break between $87,000 and $92,000 at the beginning of this week, it rose nearly 5% in 24 hours to a record high of $98,700.
In addition, MicroStrategy, a company that uses Bitcoin as a treasury reserve, has also become popular on social media. Since the beginning of 2020, MicroStrategy has been hoarding Bitcoin, which has a significant impact on the value of their stock MSTR.
At the same time, everyone believes that MicroStrategy’s large Bitcoin holdings and its role as a leveraged investment tool will further push up the price of Bitcoin.
Next is Litecoin (LTC), known as the "silver" of Bitcoin. We all know that Bitcoin has the property of storing value. Although LTC also has this property, its price is relatively stable compared to Bitcoin. Therefore, people have different views on the market sentiment in the future.
The bullish view in the community believes that LTC has great potential; the bearish view is worried about its long-term viability as a store of value. Santiment added that this shows that people are very interested in Litecoin.
In short, as the market's acceptance of cryptocurrencies increases, we may see more altcoins become the new favorites of investors. However, this also reminds us that the cryptocurrency market is still full of volatility, and investors should pay attention to risk management while pursuing high returns.
💬 What do you think? Do you have a different opinion? Which cryptocurrencies do you think will be the big winners in the next batch? Leave your opinion and reasons in the comment area!
#比特币 #莱特币 #MicroStrateg #加密货币趋势 #山寨币
Bitcoin has been on fire lately, with a market cap approaching the $2 trillion mark, and everyone is talking about it on social media. Santiment’s X tweet has sparked speculation about which cryptocurrencies will see a big rally next.
Bitcoin is definitely the first to be hit, with the cryptocurrency soaring from $65,000 to $99,000 in the past 30 days, up more than 50%. Although the price of Bitcoin took a short break between $87,000 and $92,000 at the beginning of this week, it rose nearly 5% in 24 hours to a record high of $98,700.
In addition, MicroStrategy, a company that uses Bitcoin as a treasury reserve, has also become popular on social media. Since the beginning of 2020, MicroStrategy has been hoarding Bitcoin, which has a significant impact on the value of their stock MSTR.
At the same time, everyone believes that MicroStrategy’s large Bitcoin holdings and its role as a leveraged investment tool will further push up the price of Bitcoin.
Next is Litecoin (LTC), known as the "silver" of Bitcoin. We all know that Bitcoin has the property of storing value. Although LTC also has this property, its price is relatively stable compared to Bitcoin. Therefore, people have different views on the market sentiment in the future.
The bullish view in the community believes that LTC has great potential; the bearish view is worried about its long-term viability as a store of value. Santiment added that this shows that people are very interested in Litecoin.
In short, as the market's acceptance of cryptocurrencies increases, we may see more altcoins become the new favorites of investors. However, this also reminds us that the cryptocurrency market is still full of volatility, and investors should pay attention to risk management while pursuing high returns.
💬 What do you think? Do you have a different opinion? Which cryptocurrencies do you think will be the big winners in the next batch? Leave your opinion and reasons in the comment area!
#比特币 #莱特币 #MicroStrateg #加密货币趋势 #山寨币
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Short sellers, don't hold on! If you can't beat them, join us. See you for $100,000!
#BTC再创新高97k #比特币ETF期权上线
#BTC再创新高97k #比特币ETF期权上线
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Shanghai court clarifies crypto regulation: it is legal for individuals to hold cryptocurrencies such as Bitcoin
The legality of Bitcoin and other cryptocurrencies in China has been a hotly debated topic among investors and legal experts. Recently, a ruling by a Shanghai court brought new answers to this discussion. The court made it clear that it is legal for individuals to hold Bitcoin and other digital assets under current Chinese law.
Against the backdrop of an evolving regulatory environment, this ruling not only provides clear legal support for domestic Bitcoin holders, but also provides important regulatory signals for the future development of the entire cryptocurrency sector.
Legal ownership of Bitcoin held by individuals
Against the backdrop of an evolving regulatory environment, this ruling not only provides clear legal support for domestic Bitcoin holders, but also provides important regulatory signals for the future development of the entire cryptocurrency sector.
Legal ownership of Bitcoin held by individuals
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🚀MicroStrategy raises $2.6 billion to increase its Bitcoin reserves, Saylor aims to push Microsoft to join the ranks of Bitcoin investment
To further expand its Bitcoin investment plan, MicroStrategy recently raised $2.6 billion through bond sales, making its company's market value successfully among the top 100 companies in the United States.
In addition, MicroStrategy's stock has performed particularly well this year, with an increase of nearly 700% and a market value approaching $100 billion. It is worth noting that although the current share price of MSTR exceeds $400 per share, this is the price after the 1:10 stock split in July. In fact, MSTR's share price is equivalent to more than $4,000 per share.
Since the company adopted the Bitcoin investment strategy, MicroStrategy's stock price has soared from $20 per share to more than $4,000 per share, an increase of nearly 200 times. This transformation has made the company leap from a bankrupt company to a new darling of Wall Street.
Today, more and more companies are beginning to imitate MicroStrategy's strategy, converting idle cash or assets into Bitcoin, and have reaped rich rewards.
On the other hand, at the X Spaces conference hosted by VanEck on November 19, Saylor announced that he had been invited to give a three-minute speech to the Microsoft board of directors, with the goal of persuading board members to consider investing part of their cash reserves in Bitcoin.
Despite unsuccessful attempts to discuss privately with Microsoft's CEO, Saylor will still support the inclusion of Bitcoin investment in Microsoft's agenda at the December shareholders' meeting. He believes that Bitcoin can bring more stable corporate value to the company.
Although Microsoft's board of directors recommended against the proposal, Saylor insisted that Bitcoin investment is an option worth considering for cash-rich companies.
Some analysts pointed out that nearly 98.5% of the market value of #微软 depends on quarterly financial performance, while non-financial related value accounts for only 1.5%, which exposes the company to higher risks and volatility. If Microsoft adopts a Bitcoin investment strategy, it is expected to enhance stock liquidity, improve stability, and reduce the risk of sharp fluctuations in its stock price.
Currently, Bitcoin is trading close to the $100,000 mark. But from a long-term investment perspective, Bitcoin still has value potential. At the same time, Bitcoin has become a focal asset for competition among different countries, companies and individual investors.
#MicroStrategy #比特币投资储备
To further expand its Bitcoin investment plan, MicroStrategy recently raised $2.6 billion through bond sales, making its company's market value successfully among the top 100 companies in the United States.
In addition, MicroStrategy's stock has performed particularly well this year, with an increase of nearly 700% and a market value approaching $100 billion. It is worth noting that although the current share price of MSTR exceeds $400 per share, this is the price after the 1:10 stock split in July. In fact, MSTR's share price is equivalent to more than $4,000 per share.
Since the company adopted the Bitcoin investment strategy, MicroStrategy's stock price has soared from $20 per share to more than $4,000 per share, an increase of nearly 200 times. This transformation has made the company leap from a bankrupt company to a new darling of Wall Street.
Today, more and more companies are beginning to imitate MicroStrategy's strategy, converting idle cash or assets into Bitcoin, and have reaped rich rewards.
On the other hand, at the X Spaces conference hosted by VanEck on November 19, Saylor announced that he had been invited to give a three-minute speech to the Microsoft board of directors, with the goal of persuading board members to consider investing part of their cash reserves in Bitcoin.
Despite unsuccessful attempts to discuss privately with Microsoft's CEO, Saylor will still support the inclusion of Bitcoin investment in Microsoft's agenda at the December shareholders' meeting. He believes that Bitcoin can bring more stable corporate value to the company.
Although Microsoft's board of directors recommended against the proposal, Saylor insisted that Bitcoin investment is an option worth considering for cash-rich companies.
Some analysts pointed out that nearly 98.5% of the market value of #微软 depends on quarterly financial performance, while non-financial related value accounts for only 1.5%, which exposes the company to higher risks and volatility. If Microsoft adopts a Bitcoin investment strategy, it is expected to enhance stock liquidity, improve stability, and reduce the risk of sharp fluctuations in its stock price.
Currently, Bitcoin is trading close to the $100,000 mark. But from a long-term investment perspective, Bitcoin still has value potential. At the same time, Bitcoin has become a focal asset for competition among different countries, companies and individual investors.
#MicroStrategy #比特币投资储备
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🔥 Trump is considering appointing Guillén, a lawyer who supports cryptocurrencies, as the new chairman of the SEC, and the cryptocurrency circle is boiling!
The Trump team is considering replacing the chairman of the U.S. Securities and Exchange Commission (SEC), and it seems that they want to find someone who is friendly to cryptocurrencies.
The latest rumor is that Teresa Goody Guillén may take over. She is now a partner at BakerHostetler and co-head of the blockchain team.
Since Gary Gensler hinted last week that he was leaving, everyone is now guessing who will be the next chairman of the SEC. Kobeissi Letter said that Trump is looking for a SEC chairman who supports cryptocurrencies, and Guillén is one of the people he is considering appointing.
In response, Brendan Playford, co-founder of Masa, said that Guillén is the best of all the candidates and she has a super clear understanding of the law and how the SEC works. "We just need someone who is super supportive of cryptocurrencies to change the entire industry immediately!"
At the same time, Charley Cooper, former chief operating officer of the CFTC, also said that Guillén's appointment would "dramatically reverse the practices of the previous government."
Even Gillen himself said that the US cryptocurrency and capital markets will flourish under Trump's leadership. "The public has made it clear that the current government must meet the will of the people."
1kx General Counsel Larry Florio also praised Gillen, saying: "She will be an excellent candidate for the SEC chairman, pragmatic and motivated, and she is also my first choice. What we need is reasonable and comprehensive supervision, which can promote innovation and prevent fraud."
Currently, the selection criteria for the SEC chairman include support for cryptocurrency, non-bureaucratic career background, tendency to adopt light-touch supervision, and a positive attitude towards reforming institutions. In addition to Gillen, Robinhood's Dan Gallagher and former Auditor General Brian Brooks are also potential candidates.
Previously, Ripple's CEO even warned that if Robert Stebbins, who has always been unfriendly to cryptocurrency, was selected, it would take us back to the era of regulatory enforcement!
💬What do you think about this? Do you think Gillen can really bring about the changes needed in the industry? Or do you think there are other candidates who are more suitable than her and can better drive the industry forward?
#特朗普 #SEC主席 #加密货币 #金融改革
The Trump team is considering replacing the chairman of the U.S. Securities and Exchange Commission (SEC), and it seems that they want to find someone who is friendly to cryptocurrencies.
The latest rumor is that Teresa Goody Guillén may take over. She is now a partner at BakerHostetler and co-head of the blockchain team.
Since Gary Gensler hinted last week that he was leaving, everyone is now guessing who will be the next chairman of the SEC. Kobeissi Letter said that Trump is looking for a SEC chairman who supports cryptocurrencies, and Guillén is one of the people he is considering appointing.
In response, Brendan Playford, co-founder of Masa, said that Guillén is the best of all the candidates and she has a super clear understanding of the law and how the SEC works. "We just need someone who is super supportive of cryptocurrencies to change the entire industry immediately!"
At the same time, Charley Cooper, former chief operating officer of the CFTC, also said that Guillén's appointment would "dramatically reverse the practices of the previous government."
Even Gillen himself said that the US cryptocurrency and capital markets will flourish under Trump's leadership. "The public has made it clear that the current government must meet the will of the people."
1kx General Counsel Larry Florio also praised Gillen, saying: "She will be an excellent candidate for the SEC chairman, pragmatic and motivated, and she is also my first choice. What we need is reasonable and comprehensive supervision, which can promote innovation and prevent fraud."
Currently, the selection criteria for the SEC chairman include support for cryptocurrency, non-bureaucratic career background, tendency to adopt light-touch supervision, and a positive attitude towards reforming institutions. In addition to Gillen, Robinhood's Dan Gallagher and former Auditor General Brian Brooks are also potential candidates.
Previously, Ripple's CEO even warned that if Robert Stebbins, who has always been unfriendly to cryptocurrency, was selected, it would take us back to the era of regulatory enforcement!
💬What do you think about this? Do you think Gillen can really bring about the changes needed in the industry? Or do you think there are other candidates who are more suitable than her and can better drive the industry forward?
#特朗普 #SEC主席 #加密货币 #金融改革
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❄ To save energy, Russia launches winter cryptocurrency mining ban in key regions
In order to conserve winter energy, Russia has decided to suspend cryptocurrency mining in some areas. This means that regions such as Irkutsk, Buryatia, and several others may have to temporarily say goodbye to mining this winter.
Reports indicate that the ban will start in December and last until March next year, with some areas in the North Caucasus and Ukraine possibly facing a year-round prohibition.
This year, Russia has become the world's second-largest cryptocurrency mining center, with mining electricity consumption reaching 16 billion kilowatt-hours annually, accounting for 1.5% of the country's total energy consumption. This poses a significant challenge for regions with tight electricity supplies.
About a month ago, Russia introduced a new legal framework requiring individuals and companies engaged in mining to register with the tax office. Those whose monthly mining electricity consumption exceeds 6,000 kilowatt-hours must register as individual entrepreneurs. The government also plans to share mining data electronically with the central bank, electricity companies, and others.
Meanwhile, last week, the Russian government revised its cryptocurrency tax policy, defining cryptocurrency as property for taxation purposes. Mining income is taxed based on market value, but miners can deduct certain expenses. Transactions involving cryptocurrencies are exempt from value-added tax.
Although trading cryptocurrencies is illegal in Russia, the adoption rate among Russians has increased due to war and sanctions. At the same time, cryptocurrency services in Russia are very popular, attracting significant domestic and foreign investment.
This includes a surge in large-scale institutional transfers, as well as increased activity from Russian exchanges that do not require KYC, successfully achieving significant growth in DeFi and balanced growth in traffic for centralized exchanges.
Conclusion:
Russia's winter ban on cryptocurrency mining alleviates electricity shortages and demonstrates an emphasis on energy efficiency and policy adaptability. At the same time, it strengthens taxation and regulation of cryptocurrencies, which may have significant implications for global markets in terms of legality and regulation.
What are your thoughts on Russia's winter mining ban? In the context of energy shortages and environmental protection, how do you think the mining ban will impact the local cryptocurrency market?
#俄罗斯挖矿禁令 #加密货币市场 #能源节约
In order to conserve winter energy, Russia has decided to suspend cryptocurrency mining in some areas. This means that regions such as Irkutsk, Buryatia, and several others may have to temporarily say goodbye to mining this winter.
Reports indicate that the ban will start in December and last until March next year, with some areas in the North Caucasus and Ukraine possibly facing a year-round prohibition.
This year, Russia has become the world's second-largest cryptocurrency mining center, with mining electricity consumption reaching 16 billion kilowatt-hours annually, accounting for 1.5% of the country's total energy consumption. This poses a significant challenge for regions with tight electricity supplies.
About a month ago, Russia introduced a new legal framework requiring individuals and companies engaged in mining to register with the tax office. Those whose monthly mining electricity consumption exceeds 6,000 kilowatt-hours must register as individual entrepreneurs. The government also plans to share mining data electronically with the central bank, electricity companies, and others.
Meanwhile, last week, the Russian government revised its cryptocurrency tax policy, defining cryptocurrency as property for taxation purposes. Mining income is taxed based on market value, but miners can deduct certain expenses. Transactions involving cryptocurrencies are exempt from value-added tax.
Although trading cryptocurrencies is illegal in Russia, the adoption rate among Russians has increased due to war and sanctions. At the same time, cryptocurrency services in Russia are very popular, attracting significant domestic and foreign investment.
This includes a surge in large-scale institutional transfers, as well as increased activity from Russian exchanges that do not require KYC, successfully achieving significant growth in DeFi and balanced growth in traffic for centralized exchanges.
Conclusion:
Russia's winter ban on cryptocurrency mining alleviates electricity shortages and demonstrates an emphasis on energy efficiency and policy adaptability. At the same time, it strengthens taxation and regulation of cryptocurrencies, which may have significant implications for global markets in terms of legality and regulation.
What are your thoughts on Russia's winter mining ban? In the context of energy shortages and environmental protection, how do you think the mining ban will impact the local cryptocurrency market?
#俄罗斯挖矿禁令 #加密货币市场 #能源节约
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🚀 MicroStrategy's Bitcoin investment far exceeds that of tech giants, with trading volume crushing Apple, Amazon, and Meta
Once a business intelligence company, MicroStrategy has now transformed into a major Bitcoin player, and their trading volume actually surpasses the combined total of Apple, Amazon, and Meta!
On November 19, 2024, MicroStrategy's trading volume reached an astonishing $21.8 billion, with its market value skyrocketing by 237% since August, far exceeding Bitcoin's 61% increase during the same period.
According to data from HODL15Capita's X post, as of yesterday, MicroStrategy's 24-hour trading volume ranked third, following Nvidia and Tesla, nearly three times that of Apple!
Some analysts attribute this to the launch of the 2x leveraged MicroStrategy ETF in early August, which manages approximately $3.8 billion in assets and has brought over $7.7 billion in leverage effect to MSTR stock.
Since 2020, MicroStrategy has turned its attention to BTC as a means to hedge against macroeconomic instability. They not only buy for themselves but have also encouraged other companies, such as Japan's Metaplanet, to follow suit. Recently, they purchased 51,780 BTC for $4.6 billion, bringing their total Bitcoin holdings to over 331,200!
Observers have also noted that whenever MicroStrategy buys Bitcoin, the price volatility of Bitcoin tends to increase. Additionally, MicroStrategy's Executive Chairman Michael Saylor revealed during a recent X live broadcast that he has been invited to briefly report to the Microsoft board on investing in Bitcoin.
Conclusion:
MicroStrategy's transformation and Bitcoin investment strategy have not only made it a major Bitcoin player in the business world but also demonstrated that the surge in trading volume and market value reflects a positive market response to this strategy.
Furthermore, Michael Saylor's invitation to report on Bitcoin investment matters to the Microsoft board may indicate a growing interest in cryptocurrencies among large tech companies.
This move not only shows an increased acceptance of Bitcoin as an asset class but could also mean that traditional internet companies like Microsoft will consider incorporating Bitcoin into their financial management or exploring the potential of blockchain technology in their businesses.
#MicroStrategy #市值飙升 #企业比特币持仓 #股票交易量
Once a business intelligence company, MicroStrategy has now transformed into a major Bitcoin player, and their trading volume actually surpasses the combined total of Apple, Amazon, and Meta!
On November 19, 2024, MicroStrategy's trading volume reached an astonishing $21.8 billion, with its market value skyrocketing by 237% since August, far exceeding Bitcoin's 61% increase during the same period.
According to data from HODL15Capita's X post, as of yesterday, MicroStrategy's 24-hour trading volume ranked third, following Nvidia and Tesla, nearly three times that of Apple!
Some analysts attribute this to the launch of the 2x leveraged MicroStrategy ETF in early August, which manages approximately $3.8 billion in assets and has brought over $7.7 billion in leverage effect to MSTR stock.
Since 2020, MicroStrategy has turned its attention to BTC as a means to hedge against macroeconomic instability. They not only buy for themselves but have also encouraged other companies, such as Japan's Metaplanet, to follow suit. Recently, they purchased 51,780 BTC for $4.6 billion, bringing their total Bitcoin holdings to over 331,200!
Observers have also noted that whenever MicroStrategy buys Bitcoin, the price volatility of Bitcoin tends to increase. Additionally, MicroStrategy's Executive Chairman Michael Saylor revealed during a recent X live broadcast that he has been invited to briefly report to the Microsoft board on investing in Bitcoin.
Conclusion:
MicroStrategy's transformation and Bitcoin investment strategy have not only made it a major Bitcoin player in the business world but also demonstrated that the surge in trading volume and market value reflects a positive market response to this strategy.
Furthermore, Michael Saylor's invitation to report on Bitcoin investment matters to the Microsoft board may indicate a growing interest in cryptocurrencies among large tech companies.
This move not only shows an increased acceptance of Bitcoin as an asset class but could also mean that traditional internet companies like Microsoft will consider incorporating Bitcoin into their financial management or exploring the potential of blockchain technology in their businesses.
#MicroStrategy #市值飙升 #企业比特币持仓 #股票交易量
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In summary, Bitcoin investors can judge whether it is time to sell Bitcoin by paying attention to key indicators such as the market value to realized value (MVRV) ratio, the crypto fear and greed index, the number of days to destroy coins (CDD), and the inter-exchange flow pulse (IFP). At the same time, although there are still a lot of unrealized profits in the current market, the MVRV ratio and market sentiment indicators show that Bitcoin has not yet completely reached its peak. But as investors, we should continue to monitor these indicators to grasp the best time to escape the top.
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🚀CryptoQuant: Here are the best times to consider selling Bitcoin
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
#CryptoQuant分析 #MVRV比率 #比特币市场信号 #CDD #IFP
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
#CryptoQuant分析 #MVRV比率 #比特币市场信号 #CDD #IFP
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🚀CryptoQuant: Here are the best times to consider selling Bitcoin
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
#CryptoQuant分析 #MVRV比率 #比特币市场信号 #CDD #IFP
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
#CryptoQuant分析 #MVRV比率 #比特币市场信号 #CDD #IFP
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₿ Bitcoin ETF absorbs 9,000 BTC in a day, exceeding daily production of miners, is a supply shock imminent?
Since the Bitcoin ETFs started trading in the United States, they have been absorbing a large amount of Bitcoin. On November 19 alone, they absorbed up to 9,000 coins, compared to only 450 new Bitcoins mined by miners that day!
Currently, these 11 Bitcoin ETF funds have collectively attracted $814 million in inflows, which indeed shows the market's tremendous enthusiasm and positive response to these ETF funds.
If these funds continue to buy like this, a supply shock is just a matter of time. Additionally, the halving event in April, which cuts the reward for mining new blocks in half, could also catalyze a new round of market bubble.
However, the current market enthusiasm shows no signs of waning. In just two days this week, over $1 billion has flowed into spot Bitcoin ETFs. Notably, Ark 21Shares, Fidelity, and BlackRock saw inflows of $267.3 million, $256.1 million, and $213.5 million respectively on Tuesday.
Moreover, Bitwise, Grayscale, and VanEck funds also experienced some inflows this week. Since their launch in January, the total inflow for these ETF products has reached $28.5 billion. This indicates that the rebound is driven by institutions, while retail investors have not yet entered the market on a large scale.
Meanwhile, BlackRock's iShares Bitcoin Trust (IBIT) options also began trading on Tuesday, with nearly $2 billion in trading volume on the first day. Analysts say this phenomenon seems to be one of the key factors driving Bitcoin prices to new highs.
Nate Geraci, president of ETF Store, commented: "Options provide institutional investors with a new dimension, making it easier and more attractive to enter this field."
Currently, spot Bitcoin ETF options are only available outside the United States. This could give Bitcoin the largest liquidity support globally, and with continued inflows, it is expected to further push up Bitcoin prices.
Bitcoin prices reached a historic high of just over $94,000 yesterday, and although it has now retreated to around $93,000, the upward momentum remains strong!
What do you think? Does this wave of Bitcoin ETFs and options herald a new era for cryptocurrencies? Share your thoughts in the comments!
#比特币ETF #加密货币热潮 #机构投资者
Since the Bitcoin ETFs started trading in the United States, they have been absorbing a large amount of Bitcoin. On November 19 alone, they absorbed up to 9,000 coins, compared to only 450 new Bitcoins mined by miners that day!
Currently, these 11 Bitcoin ETF funds have collectively attracted $814 million in inflows, which indeed shows the market's tremendous enthusiasm and positive response to these ETF funds.
If these funds continue to buy like this, a supply shock is just a matter of time. Additionally, the halving event in April, which cuts the reward for mining new blocks in half, could also catalyze a new round of market bubble.
However, the current market enthusiasm shows no signs of waning. In just two days this week, over $1 billion has flowed into spot Bitcoin ETFs. Notably, Ark 21Shares, Fidelity, and BlackRock saw inflows of $267.3 million, $256.1 million, and $213.5 million respectively on Tuesday.
Moreover, Bitwise, Grayscale, and VanEck funds also experienced some inflows this week. Since their launch in January, the total inflow for these ETF products has reached $28.5 billion. This indicates that the rebound is driven by institutions, while retail investors have not yet entered the market on a large scale.
Meanwhile, BlackRock's iShares Bitcoin Trust (IBIT) options also began trading on Tuesday, with nearly $2 billion in trading volume on the first day. Analysts say this phenomenon seems to be one of the key factors driving Bitcoin prices to new highs.
Nate Geraci, president of ETF Store, commented: "Options provide institutional investors with a new dimension, making it easier and more attractive to enter this field."
Currently, spot Bitcoin ETF options are only available outside the United States. This could give Bitcoin the largest liquidity support globally, and with continued inflows, it is expected to further push up Bitcoin prices.
Bitcoin prices reached a historic high of just over $94,000 yesterday, and although it has now retreated to around $93,000, the upward momentum remains strong!
What do you think? Does this wave of Bitcoin ETFs and options herald a new era for cryptocurrencies? Share your thoughts in the comments!
#比特币ETF #加密货币热潮 #机构投资者