A big surge is coming?! Bitcoin breaks through its previous high! USDT issues another 10 billion, Wall Street is Fomo, it's outrageous!
The new coin PYTH has doubled, can it rise further? FET has an amazing trend, will it be the new 100-fold coin?
The liquidation of 5 billion bitcoins in Mentougou is quietly approaching. Will such a huge selling pressure be the last straw that breaks the camel's back in the current market? Let's follow Shuqin to find out~
The current Bitcoin has been trading sideways at a high level for more than a month without any significant correction. Can it come down? And what do the whales think? Please see the picture.
The figure shows the daily inflow and outflow of BTC in the entire network.
The largest net outflow occurred in November last year, when whales were buying crazily at 15,000 yuan. Some big investors chose to sell at highs during the bull market in the first half of the year. There is nothing wrong with this, as they all bought low and sold high.
But now it is a bit confusing. Big cake took off in October, and Whale continued to ship goods during this month.
But starting from this week, a mysterious force suddenly emerged and continued to withdraw money, withdrawing billions of US dollars of Bitcoin from the exchange to their own cold wallets. Look at this line, the selling pressure that lasted for more than a month could not match the volume in the past few days.
It seems that these people are very eager to buy at the bottom. I originally thought that they would not take action until the price reached at least 34,000, but I didn't expect that they had already started entering the market at 35,600.
In fact, to put it bluntly, it is still the big players who are Fomo. Because the SEC has recently started to paint a rosy picture for everyone.
First, it said it was negotiating with Grayscale on ETF conversion, and then it held various meetings with BlackRock, keeping everyone on suspense.
Take a look at the on-chain data.
TEDA minted another 1 billion U yesterday. Oh my god, here it comes again. Shuqin couldn’t even remember how many times it had issued additional shares this month.
A lot of big investors are using fiat currencies, such as US dollars, Australian dollars or RMB, to buy USDT to enter the cryptocurrency market and increase their positions. No wonder Bitcoin has remained high.
In stock market terms, it means price and volume increase.
U's market value has hit new highs and has now exceeded the 88 billion mark.
As you can see from the data this year, the most aggressive period for Bitcoin's rise was from January to April, which was also the time when U-issued shares were the most intense.
Of course, although Bitcoin has once again broken through this year's high, it is still a bit weak in the short term.
Turnover volume, perpetual opening positions and fees are all declining.
However, if there is a drop, it will be a small retracement at most. It is unlikely to have a large retracement in the short term. If there is, it will be a godsend. But I think there will be a real retracement after the ETF is approved in early January next year.
For example, in 2017 and the end of 2021, the market also soared before the futures ETF was launched, and then when the shoe really dropped, everyone scattered. So January next year may be the last wave of reshuffle before the big bull market.
Okay, next Shuqin would like to talk about a few small coins that I have been paying attention to recently.
The first is the new coin PYTH which has become very popular since its recent release. Many group friends asked me about the prospects of this coin and whether it is still possible to enter the market now.
Na Shuqin went straight to the conclusion.
This project is very awesome, it is an oracle, that is, a price feeding system, so it is on the RWA track, which will be one of the hot spots in the bull market next year and the year after.
In fact, if you look at TRB and LINK, you will know. Although they are both oracles, the former has increased by 15 times, and the latter LINK has also increased by 3 times.
And the total market value has reached the terrifying 14 billion mark, and its market value ranks among the top 10 in the currency circle, so the growth ceiling of this track is very terrifying.
In addition, I would like to say that there is still a lot of room for speculation in the FET coin in the future.
Because it is in the AI track, all tokens have been unlocked. Every time there is big news in the AI sector, this coin will surge for a while, so now I am also patiently waiting for an opportunity to enter this coin.
The second question is, can PYTH enter the market now?
As the saying goes: when others are greedy, I am fearful; when others are fearful, I am greedy. As a new coin that has just been issued for a few days, PYTH has become too popular.
This project is good, but the current price is indeed a bit high.
His actual total market value has reached 5 billion US dollars, which is very close to the upper limit of his valuation.
So Shuqin's approach is to leave it alone for two or three months, and wait until the heat fades and the market starts chasing other hot spots. Then it's our turn for smart money to step in. When OP, IMX and Sui first came out, they were all very popular, and they went straight to two or three US dollars.
As a result, the price dropped to 40 or 50 cents a few months later. Everyone abandoned it and no one wanted to buy it. That was the time for us professional investors to enter the market.
Therefore, no matter how good a project is, you have to enter at the right time. Otherwise, others may make 50 times in a bull market, while you can only make 15 times. The difference is 35 times.
Like the IMX that Shuqin has been nursing.
From 1.35 on Monday when I posted the video to yesterday, it has risen by another 10%, reaching the 1.5 mark, filling the previous gap. But as I said, it is now very close to the resistance of the neckline 1.57. Although it will definitely break through in the future, it will still encounter certain obstacles in the short term. So Shuqin led the fans to short at the high of 1.5 on Thursday, which made another short-term profit. In addition, the previous shorts of DYDX and Ordi were very accurate.
So if you are interested in this aspect, you can come and have a look. This piano is operated by the dealer.
In fact, I see that some investors always have no sense of urgency. You know, the bull market is coming soon, why don’t they work hard to build up their capital so that they can achieve financial freedom in one fell swoop next year or the year after!
Okay, next let’s analyze a problem that everyone is particularly worried about.
There have been recent rumors that Mt. Gox will begin repaying investors for the $5 billion in stolen Bitcoin, and there are concerns that this will trigger a sell-off.
Shuqin would say that instead of reading the groundless articles published by tabloids, we might as well just look at the chain address of Mentougou, and it will be clear at a glance whether they are selling it or not.
The picture shows nearly 100 Bitcoin addresses in Mentougou, each with 2,000 Bitcoins. It can be clearly seen that the balance in Mentougou has not moved since 2018, so there is no sell-off problem that everyone is worried about.
So this is how the cryptocurrency world works, the data is open and transparent, and everyone can search and check these addresses themselves.
In fact, as long as you are willing to put in the effort, you can see at a glance the movements of these billions of smart money.
The reason why Shuqin can maintain a high winning rate is that she stands on the shoulders of these giants. Drinking some soup with them is enough for us to have a good life, so the on-chain data is actually very critical~
Well, today's program ends here. Please follow us, and let's achieve financial freedom together in this bull market!
Bye~
