Yesterday, the US Bitcoin $BTC spot ETF had a net outflow of 226.42 million US dollars, with a net outflow for 3 consecutive trading days.
Yesterday, the US Ethereum $ETH spot ETF had a net inflow of 130.11 million US dollars, successfully reversing the net outflow trend of the past two trading days.
This phenomenon shows that while funds flowed out of BTC, they flowed into ETH, which is a necessary condition for starting the altcoin season!
For a long time, after the ETF was passed, OTC funds can flow into Bitcoin continuously!
But for altcoins, only on-site funds flow.
💵💵So many times it will appear: Bitcoin rises alone, and altcoins do not move!
Now let's borrow the eyes of data to see if we can, like at the beginning of the month, funds can be sold out of Bitcoin to bring liquidity to other currencies!
From today's point of view, the ETF data shows that Bitcoin flows out, but Ethereum starts to flow in!
This is a good signal!
🏦🏦🏦Please start the Shanzhai Season, the leeks have been suffering for a long time!
Yesterday we were still talking about LPT and BAT, and today these two have really made me proud by climbing the charts! Many people don't understand why they are rising, but there are indeed patterns to follow. For example, when the market leaders BTC and ETH start to rally, altcoins will also gradually take off. These two are also favorites of Grayscale. Previously, several other coins that Grayscale invested in surged, while these two were relatively quiet. Their market capitalization isn't large, and they coincidentally caught the wave of interest in Zen. Grayscale's investments have gained a lot of recognition, and since these two haven't really rallied, it presents an opportunity. Perhaps most KOLs are shouting about LPT, while there is less focus on BAT. Attention to coins during the previous bull market was also quite frenzied; I wonder if this round can continue that madness. On Christmas Day, I've also brought some benefits for coin friends, so please be patient and wait for opportunities in other sectors that haven't seen growth. Comment in the comment section about BAT to receive a Christmas red envelope.
Yesterday we were still talking about LPT and BAT, and today these two have really made me proud by climbing the charts! Many people don't understand why they are rising, but there are indeed patterns to follow. For example, when the market leaders BTC and ETH start to rally, altcoins will also gradually take off. These two are also favorites of Grayscale. Previously, several other coins that Grayscale invested in surged, while these two were relatively quiet. Their market capitalization isn't large, and they coincidentally caught the wave of interest in Zen. Grayscale's investments have gained a lot of recognition, and since these two haven't really rallied, it presents an opportunity. Perhaps most KOLs are shouting about LPT, while there is less focus on BAT. Attention to coins during the previous bull market was also quite frenzied; I wonder if this round can continue that madness. On Christmas Day, I've also brought some benefits for coin friends, so please be patient and wait for opportunities in other sectors that haven't seen growth. Comment in the comment section about BAT to receive a Christmas red envelope.
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Bitcoin capitalization table update: ETFs, governments, and MicroStrategy (MSTR) currently hold 31% of the total known Bitcoin holdings, up from 14% last year. Eric Trump, the second son of President Trump, said that he is optimistic about the future development prospects of Bitcoin, that Bitcoin will subvert the traditional financial system, and believes that Bitcoin will eventually exceed $2 million. He likened Bitcoin to "a galloping freight train", saying that the entire cryptocurrency industry is on the rise and that traditional banking is outdated and problematic. The probability that at least one of the seven major US technology giants will buy Bitcoin in 2025 has risen from 49% to 77%. Is this company META or NVDA? This surge in data came after MicroStrategy CEO Michael Saylor called on Microsoft and other technology giants to invest in Bitcoin. Bitcoin's adoption trend is growing. Currently, BTC is in a correction trend, but it has not fallen below the bull-bear dividing line, the 120-day moving average. Trump came to power in January, and the Trump family holds a large amount of digital currency and BTC, and the butt determines the head. The national strategic reserve plan will be mentioned again in the future. If there is documentary and policy support, more countries, institutions, and capital will follow and hold. In 2025, BTC should have another wave of sharp rise. There may still be a chance to reach 200,000 US dollars. The current pullback is an opportunity for you to buy the mainstream altcoins in batches. In the madness of the second half of the bull market, many altcoins will have a 3-5 times increase. Everyone should seize the opportunity. $BTC #加密市场反弹
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🧧👇The last rebate was sent on December 14th, but which record got removed for me, what a pity.
There will be another one this month, probably around December 30th, it may also come earlier.
If you still have no commission, you can consider using the Binance referral code: LZGTW8JJ Or register using the link below #返佣
For Chinese-speaking regions use: https://www.suitechsui.online/zh-CN/join?ref=LZGTW8JJ Chinese backup: https://www.suitechsui.cc/zh-CN/join?ref=LZGTW8JJ Chinese backup: https://www.suitechsui.blue/zh-CN/join?ref=LZGTW8JJ For overseas use: https://www.binance.com/zh-CN/join?ref=LZGTW8JJ
⚡️The Russian government has banned mining in 10 regions until 2031.
“A list of regions and territories where mining will be banned from January 1, 2025 has been approved. The restrictions will be in effect until March 15, 2031. The list of such regions includes Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the DPR, LPR, Zaporozhye and Kherson regions. Mining will also be banned in some territories of the Irkutsk region, Buryatia and the Zabaikalsky Krai — during peak energy consumption.”
First of all, through last week's market consolidation, Long Ge believes that the rhythm of the market will change, meaning that ETH will gradually take over the market, and BTC's market share will decrease. It does indeed seem that BTC is performing weakly while ETH is relatively stronger.
After all, BTC is still BTC, as it is the leader. So if BTC continues to decline and needs to consolidate, the overall market will still head downward, just with the question of which one rebounds faster.
Returning to the market, let's take a look at BTC's trend: on the daily chart, there are no signs of stabilization from the candlestick perspective; it has been moving downwards in small steps, and all the candlesticks are bearish. The MACD does not currently show any signs of turning upwards, and the moving average system may likely go back to test the MA60. Furthermore, the AO momentum indicator has crossed below the zero axis; since starting from over 40,000, the AO momentum indicator has been above the zero axis, and this downward crossing is likely to require an adjustment.
The daily chart for ETH is clearly stronger, with both MACD and KDJ indicating a golden cross. During the decline, it directly fell to the support of the Vegas channel and also tested the MA60. The daily chart closed with a bullish candlestick yesterday, indicating a trend for further upward movement.
In this rhythm, we can observe the MA60 on the daily chart. BTC is weak, and after ETH rises, it will follow BTC for a retest, confirming at the MA60. The overall market's rise will likely not happen until the middle of next month. In summary, watching BTC's trend, the altcoin market still needs attention. If it breaks below 90,000 again, will there be a lot of panic?
Another project is changing its name Fantom ($FTM ) is changed to Sonic (S) The old and new tokens are mapped 1:1, no action required, Binance will automatically exchange. Nowadays, more and more projects are taking different ecological routes, and some will also change their names. Changing names is considered a semi-positive news during a bull market. ㊗️ Wishing everyone a peaceful Christmas Eve 🤶 Happy
Recommended $BAT , enter around 0.23, after this round of pullback, the small level is currently showing a bullish trend, has broken the downward trend line of this round of pullback, the market cap is not large, grayscale holding cryptocurrency.
Recommended $BAT , enter around 0.23, after this round of pullback, the small level is currently showing a bullish trend, has broken the downward trend line of this round of pullback, the market cap is not large, grayscale holding cryptocurrency.
Recommended $BAT , enter around 0.23, after this round of pullback, the small level is currently showing a bullish trend, has broken the downward trend line of this round of pullback, the market cap is not large, grayscale holding cryptocurrency.
Brothers, you all got some money from this wave of trading last night! Many people get anxious when they see a 1-2 point adjustment, but didn’t you look at the profit and loss ratio of the strategy? The maximum retracement is 6%, and the profit margin is 8%-10%. The profit and loss ratio is 1:1.2/1.6. Is my order so easy to lose money?