Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
1
BTC trading is profitable again, ETF has limited impact
Although Bitcoin price experienced a sell-off this week, a quick rebound to $68,000 presented profit opportunities for short-term traders. Demand-side pressure on Bitcoin (BTC) continues to build, pushing it up more than 23% in the past two weeks and hitting a two-month high of $68,583 on July 22. On July 24, BTC prices surged above $68,000, resulting in significant profits for short-term holders. After falling to a low of $53,500 on July 5, more than 90% of short-term holder supply fell into the red and was under financial stress. However, the rally managed to bring much of the supply back into unrealized profit territory. This can be seen from the STH-MVRV indicator, which has now exceeded the breakeven level of 1.0.
Bitcoin (BTC) surpassed $68,000 on July 22, surpassing the short-term holder (STH) realized price. The MVRV ratio of the STH cohort rose back above 1, showing improved profitability for buyers. An MVRV ratio above the STH cost basis is critical to maintaining a bullish outlook and attracting new capital inflows. Spot Bitcoin ETFs saw a reversal of outflows on July 23, with Bitwise's ETF BIBT leading the way with a net outflow of $70.3 million, while BlackRock's ETF IBIT saw a net inflow of $71.9 million.
So far, the 10 spot Bitcoin funds that began trading on January 11 have accumulated net inflows of $17.5 billion, with total assets under management exceeding $59.97 billion. The large inflows these ETFs have seen in the past few weeks are the highest since May, when they had a total net inflow of more than $4 billion between May 13 and June 7.
2
Bitcoin Conference attracts attention
The market generally expects that Trump will issue more policy guidance in support of Bitcoin at the upcoming Bitcoin Conference. This expectation stems from the public support Trump has won recently, especially his "American Sheriff" image in the general election. It has accumulated significant advantages in the past. Biden's withdrawal from the election and the weakening of new Democratic candidate Harris's momentum have further strengthened the market's confidence in Trump's victory. Trump's economic policies, including low tax rates, high tariffs, interest rate cuts and boosting the traditional energy industry, are aimed at revitalizing the U.S.'s mid- and low-end manufacturing industries, but they may face implementation difficulties and inflationary pressures. Therefore, the market speculates that Trump may use Bitcoin policy to alleviate these economic problems.
Trump's change in attitude towards Bitcoin is worth noting. He has previously expressed concern about "US Bitcoin production capacity" and advocated that the remaining Bitcoin be produced in the United States to boost oil demand and increase industrial added value. He has also shifted from not recognizing the value of Bitcoin to recognizing its value as a commodity, which is conducive to the establishment of US dollar capital's advantage in the Bitcoin field.
However, Trump may be cautious about cryptocurrencies related to security tokens. These crypto assets are more like shares that can receive dividends, which is contrary to Trump's economic policy. He may be worried about the resource competition between these crypto assets and traditional industries and hope to avoid this.
Today’s recommendations include EDU, HOOK, OMNI, and TIA.
1
EDU
It is a digital currency designed specifically for the education sector. It is issued by a blockchain company called Educoin or the Open Campus ecosystem, and aims to improve the education industry through blockchain technology. EDUcoin is a globally universal digital currency that can be used for payments and incentives across borders, which is very convenient for cross-border cooperation and education payments for international students. The market performance of EDUcoin is good, and the current price is $0.630.
2
HOOK
HOOK is the token of the Hooked Protocol ecosystem project. Hooked Protocol is a gamified social learning platform that aims to create a community economic ecosystem by helping more companies join Web 3. HOOK plays multiple roles in Hooked Protocol. It is a governance token used for community governance and on-chain transaction gas fees. Holders can also get access to exclusive community events and have the opportunity to purchase limited edition NFTs on the platform. The current price is $0.506.
3
OMNI
OMNI coin is the native token built on the OmniNetwork blockchain platform. OmniNetwork is a blockchain platform based on Cosmos SDK, which aims to connect and optimize Ethereum's Rollup ecosystem. With the further development and application of blockchain technology, OMNI coin has great potential in the field of digital asset management and trading, and may be integrated and interoperable with other blockchain projects, thereby further expanding its application scope and user base. The current price is $10.99.
4
LOVE
TIA coin is a cryptocurrency based on blockchain technology, which aims to promote the development of global investment and distribution markets. As a new way of investment and value exchange, it provides holders with more opportunities to trade, participate in the market and get returns. TIA coin has the characteristics and advantages of high security, fast and low-cost transactions, decentralization and transparency. TIA Technology Company is actively promoting the construction of the TIA coin ecosystem, working with partners to develop various applications and services to provide more usage scenarios and value for TIA coin holders. The current price is $5.772.
Club Recommendation Review
1.【PEPE，WIF】
When the market rebounds, meme coins are always the fastest to take action. After in-depth analysis and research, we recommend entering the market at a price point of 0.0000059, and the performance of Pepe tokens has exceeded our expectations, rising to a maximum of 0.00001208, an increase of 40.13%! The performance of Pepe tokens exceeded everyone's expectations.
WIF is most likely to become Sol's Golden Dog meme. The club recommends a layout around 1.7. The highest was around 2.23, an increase of 31.7%.
2.【RAY】
RAY is also a very good target. At the beginning, the club found this target because it only has spot but no contracts on Binance. Generally speaking, this kind of currency is easier to be pulled up. You can also look for currencies on Binance that only have spot but no contracts and pay more attention to them. Secondly, RAY itself is also a DEX on Solana. Recently, the meme golden dogs on Solana have frequently exploded, which has increased the usage rate of these DEXs, and it is also a big benefit for its tokens. As Solana strengthens, its ecological projects are also worthy of attention. The RAY club recommended that everyone build a position and ambush at 1.5, and the highest price rose to 2.5239, an increase of nearly 70%.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #拜登退选 #币安HODLer空投BANANA
