My friends, this is incredible. The data on the Bitcoin chain has exploded! It broke through 50,000 last night. Will the next step be 60,000? Will there be a big pullback?
Will the smart money flee in panic or continue to increase its holdings now? What should Lido, IMX and Puffer do?
Signs of the next skyrocketing sector in the cryptocurrency world have already appeared. Let’s follow Shuqin to find out which coins can keep up with this trend.
Now it seems that what many investors are most concerned about is whether the current wave of cryptocurrency prices has reached its peak, or whether it can continue to rise.
There is a data that can accurately measure where we are in the market, and that is the short-term holder profit ratio.
As you can see in the figure, whenever the total floating profit of short-term holders reaches around 20%, there will be a certain correction. For example, when the price was 32,000 and 46,000, this indicator was a good warning of the top risk, which means that a large number of short-term holders are making profits, with an average floating profit of 20%. This is the statistical result of Bitcoin for many years.
Let's talk about the current market. Although the current 49,000 and last month's 49,000 are the same number, the NUPL indicator is very different. The profit margin of 49,000 at the beginning of January was much larger than it is now, because it rose from 20,000 to 30,000 before.
Therefore, this indicator had already touched the warning line as early as 46,000, and Shu Qin had warned everyone at that time.
But now the profit-taking is much less than before. After all, most people did not buy at the bottom of 39,000. Many people entered at more than 40,000. The mentality of these people is that they feel they have not made enough, so they don’t want to sell and still want to make more.
We have talked about this before. Short-term players generally disperse only when they reach an average profit of 20%.
In addition, another indicator of Bitcoin also broke the record of nearly 6 years, that is, the Bitcoin stock on the exchange.
Bitcoin was purchased in large quantities during the recent surge, and then withdrawn to their on-chain cold wallets. This shows that the surge was not a false alarm, and the whales did not transfer a large number of coins to exchanges for sale.
But now all the coins have risen so much. If you didn’t get on board at 38,000 before, you can wait for a small correction before buying on various small coins.
Especially when the CPI is released tonight, there may be a big shock, which may not necessarily be a negative result, but once it falls, you can buy some coins.
For example, Ordi, although it has risen so much, it still has a long way to go before it reaches its previous high of 92, so if you haven’t gotten on board before, then see if there is any pullback and buy some at around 65.
We have talked about this for three consecutive episodes, saying that Ordi is undervalued and many big investors are buying at the bottom.
Now 5 days have passed, from 54 to 72, it has increased by 40%! Congratulations everyone.
I added to my position a little bit at IMX at 1.71 in late January, which was exactly the bottom at that time. Now it is 3.2u, which has doubled in just a few weeks.
If I also take into account my previous entry price of 0.5, now my total average holding price of IMX is 1.4. Even after deducting the funding rate, the floating profit has been more than 10 times.
Do you know how powerful IMX is?
OP and Solana are still a long way from their previous highs last month, but IMX directly broke through its previous high and increased by 90%, which is very strong. I received many good news from group friends today. Congratulations to everyone.
And now, the smart money is still holding the holdings data of several whales that we released earlier.
If you haven't bought it before, you can wait for a pullback, for example, above 2.6, to see if you can get it. Shuqin plans to get the Cancun upgrade on March 13, and then buy it back after it pulls back by 10-20%.
As for the short-term, Shuqin also encouraged everyone to enter the Ethereum market after seeing the breakthrough of Bitcoin last night, saying that it would make up for the rise. Sure enough, it rose from 2600 to the current 2685, which is very close to our target of more than 2700~
Therefore, as long as you pay attention, you will find that there is no shortage of profit opportunities in the cryptocurrency circle every day. It is normal to make 20-30% profit by placing three or five orders a week.
Do you know that every day in the bull market is very precious? If you miss the market, you will never get it back. After all, Bitcoin will not return to 15,000 for you to buy at the bottom. If you don’t make early arrangements for potential coins, you won’t be able to buy cheap chips. After all, how much you can earn in this bull market depends on every choice you make at the moment. Those who are interested can also take a look.
Okay, let’s continue.
Shu Qin dares to say that the next hot spot in the cryptocurrency circle must be the "re-pledge sector"!
Many people asked Shuqin where they could buy EigenLayer, a potential coin we talked about in the last episode. This project is really awesome. Its TVL has reached 6 billion US dollars, surpassing many other top projects and attracting attention from all walks of life. But unfortunately, it has not yet issued the coin. You can only buy it after it is issued in a few months.
But don’t worry, we can plan for several coins in the same track, which are equally awesome, and one of the coins is led by Binance Labs.
First of all, everyone should understand that in the re-staking section, the Ethereum STETH staked in Lido is taken to other protocols such as EigenLayer and re-staked to obtain double returns.
Therefore, the basis of the staking sector requires Ethereum that has already been pledged, so the LDO project will also rise in value at that time, and everyone can make some arrangements.
If LDO benefits indirectly, then Puffer should benefit directly.
This project can be said to be the same as EigenLayer, both are Ethereum's re-staking section.
And the most important thing is that he has Binance Labs as the lead investor, so Shuqin personally speculates that he is likely to be the first to launch Binance mining in the future, just like Manta and ALT, and at that time BNB will probably also rise together. Of course, this is just a personal guess.
However, it can be seen from this that those who hold BNB are truly blessed, as they can subscribe to new shares and mine airdrops of various blue-chip coins. This is the confidence of the world's largest exchange, which is amazing!
And this project is an open airdrop. I don’t think I can provide details on how to do it here. In short, you can use STETH to earn points.
Currently, this dark horse project has 350,000 STETH staked in it, and its TVL is close to 1 billion.
In addition, there is a coin that has already been issued and can be purchased now, so you don’t have to bother with any airdrops. It is ALT, which was issued just last month.
He also belongs to this sector, but he only provides technical support. You can see that EigenLayer is directly in the official website, and do you know what the full name of ATL is? It is AltLayer, right? There is a Layer in it, haha.
Therefore, when EigenLayer and Puffer issue coins, the staking sector will completely ignite the cryptocurrency circle, so ALT will also benefit indirectly at that time. I see that some big whales are also buying it.
So if you are an old player in the cryptocurrency circle and know everything, then get some STETH to swipe Puffer's airdrop. If you are a newbie, don't bother, as you may lose your coins if you are not careful, so you can just invest in LDO and ALT to get some benefits.
OK, if you find it useful, please give it a thumbs up and follow. Let’s achieve financial freedom together in this bull market!
Bye~
