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Analyzing hot spot market trends on May 4, 2024
1: On May 4, Grayscale GBTC recorded net inflows for the first time after converting to a spot ETF, recording $63 million, easing selling pressure in the crypto market and bringing about a bullish wave.
2: As the US Federal Reserve adds $35 billion in monthly liquidity to slow the pace of balance sheet contraction and the US Treasury uses capital to stimulate markets, it shows Liquidity is coming and a new crypto bull market is expected to begin.
3: The longer the shock lasts, the more favorable the next market trend will be. has returned to the low level before the increase. Now is the perfect time to get in the car. As long as you have a stable mentality, invest well
#BTC🔥🔥🔥🔥🔥
1: On May 4, Grayscale GBTC recorded net inflows for the first time after converting to a spot ETF, recording $63 million, easing selling pressure in the crypto market and bringing about a bullish wave.
2: As the US Federal Reserve adds $35 billion in monthly liquidity to slow the pace of balance sheet contraction and the US Treasury uses capital to stimulate markets, it shows Liquidity is coming and a new crypto bull market is expected to begin.
3: The longer the shock lasts, the more favorable the next market trend will be. has returned to the low level before the increase. Now is the perfect time to get in the car. As long as you have a stable mentality, invest well
#BTC🔥🔥🔥🔥🔥
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One of the most valuable questions when someone starts investing in crypto is:
“Why Bitcoin?” When you read the information that countries want to use Bitcoin as legal currency, companies only focus on Bitcoin, etc. while you think other altcoins are better than Bitcoin.
When you spend about 2 years in this market, then you will have the answer… did you know, even the development team of altcoin projects, projects that you think are better than Bitcoin, they also HODL Bitcoin .
By: Thuancapital
“Why Bitcoin?” When you read the information that countries want to use Bitcoin as legal currency, companies only focus on Bitcoin, etc. while you think other altcoins are better than Bitcoin.
When you spend about 2 years in this market, then you will have the answer… did you know, even the development team of altcoin projects, projects that you think are better than Bitcoin, they also HODL Bitcoin .
By: Thuancapital