🔴Many people currently cannot understand the Bitcoin market and can only feel anxious. Some even start to complain: Why aren't altcoins moving? Dude, don't mention altcoins, have you seen Ethereum move? It seems like hardly anyone cares about the second place anymore.
🔴The reason behind this is quite simple — the market trend this time is designed to keep you from catching up.
Really, it may only take a few days to go from looking down on it to being unable to catch up. Just think about it, at the beginning of November, Bitcoin was still at 69,000, and at the beginning of October, it was just about that number. Why has it surged like this in such a short time?
This is because the pace of institutional funds entering the market is completely beyond imagination.
Buying ETFs is just the operation they put on the surface; in reality, the way and scale of capital entering are even more astonishing. The Bitcoin ETF launched this time has become the fastest ETF in history to reach a scale of 40 billion dollars, and this is just the beginning.
🔴What’s the key? It’s the companies behind it:
🔴Some companies buy coins directly. 🔴Some companies obtain Bitcoin through mining. 🔴Other companies have developed various options based on ETFs to gradually introduce traditional market funds into the crypto market.
You see, if only 1% of the daily trading volume of the stock market flows into the Bitcoin market, what will happen? What if it's 5%?
You need to understand this market trend from the perspective of capital flow. Why are there such numbers? Because the entrance of institutions has quietly changed the market rules. This is not a rhythm that ordinary retail investors can easily catch up with.
Can Bitcoin mining still make money? Mining will never go bankrupt!
Currently, there are two dominant companies in the cloud computing market, BitDeer and BitFuFu, both of which are listed companies, and the computing power behind them is definitely guaranteed. Apart from these two, it is recommended to invest with caution in other cloud computing power, as selling empty computing power and overselling computing power are very common. The essence of computing power is "rigid redemption". Regardless of whether the mining machine is out of power or not, the profits must be settled to the customers. In this way, the computing power company must calculate its own premium to ensure that it can redeem the profits, and the premium must be borne by the customers. Therefore, current cloud computing products are all loss-making if calculated based on the coin price of 60,000U. It is better to buy coins directly.