Wake up, the market is in the red sea again - the era of cost-effectiveness of Bitcoin and ETH has arrived

Today, the dawn is just beginning, but the market is covered with a red robe. Bitcoin has performed bleakly in recent months, and today it has ruthlessly fallen below the 58,000 mark. This situation is an unprecedented challenge and test for every investor. However, since you have reached the end of the water, why not sit and watch the clouds rise? Bitcoin and ETH are now waiting for the right person with a super high cost-effective attitude.

The mystery of the market crash: the aftershock of Mt. Gox?

In response to the sudden market crash yesterday, Charles Edwards, founder of Capriole Fund, published an article on the X platform, using unique on-chain data analysis to reveal the possible truth-the behavior of the exchange Mt. Gox to repay the creditors' Bitcoin may be the behind-the-scenes pusher of this market turmoil, and a large amount of selling pressure has come.

Looking back on the past, I have counted nine market washes in my tweets, among which the "519" event in 2021 is the closest to the current timeline. The same wash-out storm that started in mid-April took more than three months to calm down. Now, this wave of storms that started in mid-April, although not yet three months, has shown a similar wash-out rhythm and Bitcoin's growth trajectory. The difference is that the performance of this round of altcoins is even more astonishing, and its decline is no less thrilling than the "519" period.

The baptism of altcoins, the dawn of ETFs

In the face of this unprecedented market turmoil, both the expectations of ETFs and the rumors of interest rate cuts have become post-event interpretations and speculations. But it is undeniable that the price-performance ratio of Bitcoin and ETH has reached a historical high, attracting the attention of many big whales. Just as when Bitcoin hovered around the 20,000 mark in 2020, the grand occasion of large-scale hoarding of coins was staged again, indicating that the dawn of a new round of bull market may not be far away.

In the second half, a more exciting bull market is about to begin

With the gradual approach of ETH ETF, the torrent of funds is ready to go, and the bull market in the second half may surpass the previous glory. The persistence and layout at this moment may be the key to the door of wealth freedom. Let us look forward to the most dazzling green light in the ever-changing market. #美联储何时降息？ #币安合约锦标赛 #BTC走势分析 #PEPE创历史新高 #SAGA新币