Fear of heights I think I was wrong. I have been afraid of heights since Bitcoin reached 95,000 because there has not been an effective callback in the past 20 days. I still think about Bitcoin in the way retail investors think. I think that Bitcoin will definitely fall if it rises. However, the market shows that any decline will be immediately recovered. I have been thinking about the driving factors of Bitcoin's rise in the past few days. The conclusion is that Bitcoin's 100,000 yuan may not be the top in the future. Bitcoin will continue to fluctuate and rise in the next few years or even more than ten years. 1. There is no obvious selling at the price of 98,000. In fact, retail investors are basically no longer eligible to participate at this price. Those who want to run have run away. Those who don't want to run are extreme believers and will not run at this price. Therefore, as Bitcoin rises, the selling will become less and less. 2. Micro Strategy continues to buy Bitcoin. Micro Strategy should be the craziest believer in Bitcoin. It currently holds about 280,000 Bitcoins. According to his analysis report in July, the price of Bitcoin in the bear market is 3 million yuan and the price in the bull market is 49 million yuan. Therefore, Micro Strategy continues to buy Bitcoin crazily. It borrows money to buy Bitcoin in the bear market and sells stocks to buy Bitcoin in the bull market. Now it is issuing bonds to buy Bitcoin. As the price of Bitcoin rises, more and more institutions are allocating Bitcoin. Demand is further strengthened 3. Trump's core mission after taking office is to resolve the US debt crisis. At present, there is no other effective way to peacefully resolve the US debt crisis except Bitcoin. Trump and Musk are both Bitcoin fanatics. They have repeatedly stated that they want to use Bitcoin as a reserve currency. Now Bitcoin has become a de facto circulating world currency. Black, white and gray all have rigid demand for Bitcoin 4. More and more institutions and wealthy people are beginning to allocate Bitcoin as risk reserves. I have a few friends who took out 5% of their assets to buy Bitcoin after Trump took office. This part of Bitcoin will basically not or rarely flow into the market 5. The game at the national level has just begun. No one dares to guarantee that Trump will use Bitcoin to resolve the US debt crisis and re-anchor Bitcoin and the US dollar And the success of the small country of El Salvador will further stimulate other small countries to buy Bitcoin as a reserve currency 6. ETFs such as BlackRock continue to buy Bitcoin. BlackRock manages more than 11.5 trillion U.S. dollars. It has spent so much time and energy on layout. It is impossible to stop at this price now. And BlackRock's demonstration effect is too strong 7. The UK has begun preparing to use 3% of its pension to buy Bitcoin
$MOVE $VANA $PENGU The counterfeit has no future. It is exactly the same as now and this year's March-April. As long as the market improves slightly, high market value and low circulation VC coins will continue to harvest market funds. Every new coin is worth hundreds of billions. Where is there so much retail investor money in the market? Damn it, if VC doesn’t die, the bull market won’t come.
$VANA $ME $MOVE Currently, altcoins have been in a continuous decline for a week, and they continue to fall without any upward movement. Any slight rebound triggers strong sell-offs as whales take advantage of the upward trend in Bitcoin to cash out aggressively. It is essential to withdraw the principal to control risks. This situation resembles that of March and April, where Bitcoin continued to rise at high levels, but altcoins kept declining. At the same time, every day a VC coin is harvested from the market funds, Bitcoin remains in an eternal bull market, while whales are frantically cashing out, converting worthless altcoins into USDT and Bitcoin. As long as VC doesn't die, the bull market won't come. Market funds are always limited; no amount of money can withstand a new VC coin being launched every day that cuts the retail investors.
$MOVE $ME $VANA Now the market is once again a party for one person; copycat coins are all crazily unloading while the big coin is being pumped. 80% of altcoins are in a downward trend, with a VC coin continuously harvesting retail funds every day. If someone takes the offer, they unload directly; if no one takes it, they crazily pump it until someone does. If VC doesn't die, a bull market is impossible. Move and ME have already completed their harvest; now it's Vana.
Currently, the vast majority of analysts are shouting that a crazy bull market has arrived and the altcoin season has come. However, from the market perspective, most altcoins are in a declining state, and the whale is consolidating and offloading. It's crucial to pay attention to risk management; at the very least, recover your principal. The market always has opportunities, but the principal may not always be there. Currently, 90% of altcoins are in a state of following the decline rather than participating in the rise.
VC coins like this that you and I talk about have value. High market value and low circulation VC coins are dead. A 90% drop means they will never rise again. Every time a bull market is signaled, it gets ruined by these garbage VC coins, and they are still considered valuable.
The altcoin market entered a bear market in just one day, with everyone frantically selling off. There are not many people buying the dip; most are stuck in positions. I mentioned earlier that those who are optimistic are mostly fully invested, while those who are not optimistic wouldn't have entered the market at that price. Before the altcoin crash, I reminded everyone to stop loss, take profits, and manage risks. Now, they are continuously harvesting market funds with new coins that have high market value but low circulation. It's really speechless.
$ME $MOVE The market has entered the shameless VC mode of cutting leeks again. Just like in March this year, high market value and low circulation are fully harvesting retail funds. Then a 90% plunge is not the bottom. Heroes can bravely take over.
$MOVE VC coins are starting to harvest retail investors again. Just when there was a bit of market activity, this kind of garbage comes to harvest investors. It has drained all the existing capital in the market. No VC coin has a good outcome; each time it falls by 90%. Now the move liquidity market value is 10 billion, with a total market value of 65 billion. They really treat retail investors like fools.
$move Market conditions have slightly improved, and the model of high market value with low circulation and crazy harvesting of retail investors has begun again. It's strange for the copycats to have a bull market; it's better to take profits when you can.
Bitcoin Pinning Altcoin Waterfall 8 Billion Liquidation Those who went long on altcoin long-term contracts have all been pinned down Bull market has more pinning Perhaps this is just the beginning for here These past few days have been reminding that altcoins follow down but not up A small focus may give you a different perspective
In the past few days, I have been reminding that the cottage industry may face the risk of collective retracement. The collective retracement of the cottage industry may sometimes be more than just a retracement. Now there are super strong locked-in orders on each cottage industry.
The counterfeit continues to fall completely without rising. A comprehensive decline has begun. At first, everyone thought it was just a pullback, but later it turned out to be the historical peak, just like in March this year. Now everyone should at least take out their principal. Never stand on the losing side.
The altcoins have shown signs of decline without any increase for several consecutive days. Here, be cautious about taking profits and cutting losses. Currently, the whales are frantically offloading their assets. Those who want to buy at this point are mostly fully invested, and those who don't want to buy at this price won't buy either. The whales are also gradually distributing their holdings at high levels. Once the whales run away, it will be particularly difficult to pump the market afterward. The market urgently needs new investors to drive prices higher.
Today, 90% of altcoins are following the decline rather than the rise. There are signs of insufficient funds in altcoins. Be mindful of profit-taking and risk control, as altcoins may face a collective pullback.
$COW Wealth Code cow Binance New Coin This morning there was a big spike cow basically has no selling pressure retail investors have no floating chips left ambush well waiting for the big players to stretch at least looking towards 300% that is above 1.5
A piece of advice for everyone: set an alarm for around 3:30 AM. Dog houses often like to make moves between 4:00 and 5:30 AM. Many optimal positions are at 4:00 or 5:00 AM. Wake up at 3:30 to observe the market, stay awake for half an hour, and then wait to make the best moves. Many times, you can review that the lowest points are around 4:00 or 5:00 AM, and that is often the best entry opportunity.