Uncovering Bullish: Parent Company Accumulates 160,000 BTC, Earns Billions in 6 Years
Written by: Jaleel, Peg, Rhythm BlockBeats
The issuer of USDC, Circle, successfully went public on the US stock market, skyrocketing 168% on its first day, raising $1.1 billion, becoming the first stock of stablecoins; Gemini also quickly followed with IPO filings; and another trading platform, Bullish, which had received little attention before, was also reported by the media to have secretly submitted its listing application to the SEC.
In the most profitable CEX sector of the crypto world, Bullish is not a well-known name, but in fact, its 'background' is quite remarkable.
In 2018, EOS emerged, claiming to be the Ethereum killer, and the company behind it, Block.one, conducted the longest and largest ICO (initial coin offering) in history, raising an astonishing $4.2 billion.
Reasons why I firmly believe in Dogecoin 1. No project team, the early founders abandoned the project, holding no massive tokens, making it similar to the decentralized network of Bitcoin. 2. POW mining currency, with value storage and anchoring. A constant annual increase of 5 billion, stable mining rewards, and a stable network. 3. Endorsement from Musk, celebrity effect, with many believers worldwide. 4. Huge trading volume in the secondary market, capable of accommodating funds on the scale of billions, with ample liquidity. #Dogecoin
There is a high probability that this October in the 24th year will reach a new high; if it hasn't risen, don't even mention it.
财道讲交易
Mar 10
If most of the altcoins are currently stuck, what do you want me to switch to? Right now, I am only willing to switch to and hold these two altcoins in the picture below! I basically don't want any other altcoins! If these two don't break their previous highs, I won't look at the others either! $DOGE $PEPE The current market situation is quite cold, but I don't believe we are in a bear market; it's just a delay of a big bull market!
The Taoist priest's Golden Light Spell is pinned for safety, how about that? I see you have been getting more and more obsessed lately, even the Golden Light Spell has been unpinned, this is not good! 😀
道长谈比特币
Mar 10
This week's weekly lower bound is 72 Be cautious of a direct drop here Before rebounding The main method in this round The weekly line has retraced multiple times It always directly drops to the lower bound first Then rebounds for one or two weeks So pay close attention to tonight's situation If we get past tonight, the probability of a direct drop is low Don't ask why Just know it's the strange gate
Awesome, how did you draw the upward arrow ⬆️? Can you teach me? 😀
加密猫猫币
Mar 10
Dogecoin (DOGE) is set for a super leap, moving from $0.17 to $2.74
Dogecoin's price is currently fluctuating near a key level, which will influence the subsequent trend of this asset. $0.17 may be a crucial support area that drives the price upward; if the price falls below this level, it may face further declines. Therefore, Dogecoin's price is affected by technical indicators, Fibonacci levels, and investor sentiment.
DOGE is testing the lower boundary of a long-term ascending channel near $0.17. Historically, this level has been a very strong support before significant price increases. If this level holds, it will help continue the bullish momentum, pushing DOGE to rebound. If it falls below $0.17, this ascending channel pattern may fail, triggering bearish sentiment among traders.
This may cause DOGE to drop to a certain range or level, leading investors to consider the lowest support level as a new preference. Maintaining above this key level is crucial for keeping the market bullish.
DOGE is approaching the 0.702 and 0.786 Fibonacci retracement levels, which are key resistance points. They are important indicators for determining DOGE's subsequent trend, deciding whether DOGE will continue to rise or turn downward.
From past experience, if it can break through the $0.786 level, DOGE will encounter strong bullish momentum. Once DOGE successfully conquers this resistance level, it may face more buying pressure, potentially soaring to $1.
As of the time of writing, the price of the mainstream altcoin Dogecoin is $0.1700, with a decline of 11.84% over the past day.
Due to increased market activity, its 24-hour trading volume has grown by 11.44%, reaching $1.36 billion.
It is worth noting that DOGE's price is at a bottleneck state, and the key level of $0.17 is extremely important.
If it can rebound from this support level, Dogecoin's price is expected to rise and challenge other resistance levels, possibly even reaching $2.74. Conversely, if it fails to break through the key Fibonacci level, it may trigger a significant decline. #DOGE
Explain that you are not suitable for this, buy the spot goods, at least you can lose less 😅
多空魔术师
Mar 10
I really want to know, is there anyone in the crypto world who started off losing and then successfully turned things around?? Or is it all like me, where if you start off losing, you just keep losing?? I've lost for 4 years, and I really can't keep going on like this!
Most small investors have nearly all died off😭, it's not the bottom, it won't work either
CryptoChan
Mar 10
Don't panic, the current BTC: VDD indicator has entered the bottom range 😼
"Value Days Destroyed Multiple" (VDD Multiple) is an on-chain metric used to analyze Bitcoin market behavior, primarily to assess the spending velocity and market conditions of Bitcoin. It is based on the foundational concept of "Coin Days Destroyed" (CDD) and is derived from further processing and calculations.
Definition and Calculation 1. Coin Days Destroyed (CDD): CDD measures the number of coin days that are "destroyed" when Bitcoin moves on-chain. Coin days are the accumulated time a Bitcoin is held without being moved; for example, if 1 BTC is held for 100 days without movement, it accumulates 100 coin days. If this 1 BTC is transferred or spent, those coin days are "destroyed" and counted towards CDD. Calculation formula: CDD = Number of Bitcoins moved × Number of days since the last movement.
2. Value Days Destroyed (VDD): VDD introduces the price factor of Bitcoin into CDD by multiplying CDD by the BTC price at that time (in USD), thus reflecting the "economic value" of the destroyed days. This allows the metric to better compare spending behavior across different price cycles. Calculation formula: VDD = CDD × BTC price
3. Value Days Destroyed Multiple (VDD Multiple): VDD Multiple is calculated by dividing the short-term (typically 30 days) average of VDD by the long-term (typically 365 days) average of VDD, yielding a ratio. This ratio reflects the comparison of recent spending velocity to the annual average spending velocity. Calculation formula: VDD Multiple = 30-day VDD average ÷ 365-day VDD average
VDD is mainly used to identify cyclical highs and lows in the Bitcoin market.
So many altcoins The Daoist took a rough look Except for Bnb which is backed by Binance exchange Only Xrp is relatively strong But it has also been halved So Don't touch anything Fortunately, when the decline started in December The Daoist decisively switched back to Bitcoin Otherwise, it might have exploded by now Because of the decline, I will keep increasing my leverage Do you understand? Definitely don’t touch altcoins!
$DOGE is not following the rise, the fluctuations are your own drops, when everything is falling you are diving, the big player has already finished unloading, worthless stuff
Everyone is desperate, it's almost over, washing away everyone's emotions, everyone's departure
VtarjCom
Mar 9
The $BTC has dropped for so many days, it should warm up now. From 100,000 to 84,500, nearly 20,000 points down, what does this mean? How many people have lost nearly 20%? But this can be considered a late spring chill. Spring has arrived, and it will warm up soon. I am still very optimistic about the future market and believe that it will soon return to 100,000, with an expected mid-year target of 110,000 to 120,000. This is just my personal opinion. What do you think about the future market?
Once a person has money, they will engage in revenge spending, just went to the supermarket and bought a bucket of instant noodles, a sausage, and added an egg 🥚.
Taoist priest, is the iron bottom in the 77 you sent?
道长谈比特币
Mar 9
The weekend really has no market activity The four-hour rebound has become a straight line Everyone should go out and have fun I have also controlled my position and am observing Entered again after a big drop on Monday night $BTC
If you want to say 1-1.5 dollars, it's more reliable; saying something far off is just asking for trouble😂
加密交易日记
Mar 8
🚀Will Dogecoin ride the Elliott wave to the sky? 😱 $3.17 or $8.5, a 25x surge in sight!
Dogecoin (DOGE) has been playing with volatility lately! It dropped from $0.21 to $0.191, then bounced back to $0.20, down 3.9% for the day, but up 8% over the past week, and down 24.1% for the month. Analysts are excited: the Elliott wave is signaling that the (3) wave is about to explode!
🔥Wave takeoff signal:
X-Da V analysis: Correction wave (2) is complete, the 0.618 Fibonacci retracement is in place, mid-term soaring to $3.37 (up 16x), long-term targeting $8.5 (soaring 40x)! Ali Martinez adds: $0.16 support is strong, holding on to challenge $2.74-$6.24!
💰Key battle:
Current price $0.203, down 15% for the day, $0.56958 resistance in the way! Break it and it will fly, don't break it and it's hanging! In this wave, are you going all in betting on 25x, or watching coldly from the sidelines?
👀 Want to make a million in a year trading cryptocurrencies? Let's talk about how much capital you have first; a lot or a little makes a big difference.
If you have 10 million, just go for Bitcoin directly; a 10% increase means you’ll get a million. The premise is that you shouldn't think about running away as soon as it rises, or panic when it drops; you need to maintain the right mindset.
If you have 500,000 in capital, buy mainstream coins like SOL or BNB, stake a bit, and do some tasks to earn some pocket money. If you catch a wave in the market and the coin price skyrockets, doubling your investment, you'll be close to a million.
If you have 10,000 in capital, you'll need to know more strategies; you don't need to master every skill, but you should at least be a cut above the rest. Start with some low-cap coins or yield farming to earn 100,000 (though it could also go to zero), then wait for opportunities to invest in new projects or mining, aim to earn 500,000, and once you have that, you should have a plan for what to do next.
If your capital is below 1,000, I suggest you first go deliver food to earn 10,000 before coming back.
🔔 Just to clarify: I'm not an expert, just casually chatting.
If it drops to 0.18, it is very likely to go lower, 0.14-0.15
血亏15万
Mar 6
$DOGE Regardless of whether the brothers believe it or not, it's going to waterfall, this position is too dangerous, a drop of 0.17 is definitely a super big needle, down 15% and then a sharp pull back.