Brothers, this is incredible. A Bitcoin wallet that had been dormant for 13 years was activated at noon today, although there were not many Bitcoins in it, only 33.
But it is very rare for a wallet that has been dormant for more than ten years to be activated again. Let me give you an analogy: if 13 years have passed, do you still remember the answer to your QQ password protection question? The answer is that the probability of remembering is almost zero.
So some people speculated that the owner found the lost key, while other conspiracy theorists suspected that someone hired top technical experts to crack the wallet and activate it.
This speculation immediately caused a sensation in the circle. After all, the most important thing in the crypto circle is the wallet that holds the coins. If such a technology is cracked, the security of the entire blockchain world will be threatened.
Tangren’s view may be more inclined to the fact that the owner found the secret key that had been lost for many years. After all, the blockchain technology is still very powerful and it is not so easy to be hacked.
Recently, the computing power of Bitcoin has dropped to a level not seen since October 2022. The current computing power has dropped by -7.6% compared to before the halving. This data shows that the price of Bitcoin may be approaching the bottom, but brothers, the bottoming out of the price does not mean that the market will rise immediately. These are two concepts. Don’t confuse them!
In history, there are many cases where the price still needs to go through a long period of consolidation and shock after hitting the bottom. The decline in computing power shows that miners are having a hard time. According to data monitoring: Bitcoin miners sold 2,300 Bitcoins in the past 72 hours, equivalent to about 145 million US dollars. In the short term, the selling pressure from miners also suppresses the price. If you want to buy at the bottom, you need to be prepared to wait for a long period of time.
In addition to the unusual movements of the wallet that had been dormant for 13 years, wallets in some countries were also active. In the afternoon, the "German Government" address again transferred 832.74 Bitcoins to various platforms for cash. Germany currently holds 43,859 Bitcoins, equivalent to approximately US$2.744 billion.
In recent years, more and more crypto assets have been in the hands of governments of various countries. They have become big dealers in the market without realizing it. For example, the US Department of Justice has confiscated nearly 1.6 billion US dollars in illegal crypto assets, all of which are hosted on the Coinbase platform.
Now you know why the top brass at the US Department of Justice are so concerned about the crypto world. The Ministry of Justice's biggest revenues this year all came from the crypto world. Where there's meat to eat, there's always strife. The crypto world has become a cash machine for the US Department of Justice when it's short of money.
According to the latest news, the SEC commented on the S-1 form and asked the agency to resubmit it by July 8. According to Balchunas, this new timeline means that the launch of the spot Ethereum ETF may be delayed until at least mid-to-late July.
Yesterday, the Bitcoin ETF performed well, with a net inflow of 129 million US dollars, and no outflow. However, it is strange that BlackRock has not made any purchases for 10 consecutive days? This is indeed puzzling. The absolute main force suddenly stopped. Is it brewing a big move? In any case, the capital inflow is gradually increasing and warming up, which is a positive side.
Two major events in July will have a great impact on the market. One is the beautiful June non-farm data released on the 11th, and the other is the expiration of 40 projects, with nearly US$755 million in assets being released and unlocked. Both of these events have caused significant fluctuations in market prices.
The 40 unlocked projects include many very popular tokens such as stark, op, sui, etc. Therefore, Tangren reminds brothers to keep enough attention, and we can take advantage of it if there is a chance.
In short, finally back to the core, in the bull market, what to buy? How to buy? It is very important, but when to sell is more important. If you want to know more about the interpretation and strategy of the market, add a follow, find Tangren, and play in the crypto circle together.
02 Chinatown Coin Hunt
Tangren’s interpretation of the market
Big cake: The market trend was weak during the day. After a wave of highs in the early trading, it has been fluctuating and callback to the lowest point of 62400. The current trend shows that there is still a need for callback. The market continues to be bearish. The upper pressure is 64800 and the support is 61500.
Auntie: The market is still mainly volatile. The current market is still under great selling pressure above 3500. It is difficult for the market to recover in a short time. The current market is still mainly correction. The upper pressure is 3500. The support is 3400.
In terms of altcoins: There are no hot spots in the altcoin sector, and there are more coins that have pulled back overall. Focus on the MEME sector to buy at the bottom. The sector has been pulled back for a while, and meme has always been the first to rebound. You can also pay attention to the SOL ecological sector and inscriptions.
03 Chinatown Coin Hunt
Tangren Talks about Strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared with everyone in a timely manner. Therefore, you can read the introduction on the homepage of the article to find Tangren and send a message to receive it.
The essence of Tangren’s trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
