Many people don't understand. The price of Bitcoin has nothing to do with you. It doesn't matter whether Bitcoin is $10,000 or $100,000. It doesn't matter to you. You are playing with contracts anyway. You are playing with short-term. What does the price of Bitcoin matter to you? You are just betting on a drop or a rise. $BTC
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In the current price situation, even if he doesn't sell ETFs, he just doesn't buy them, the price will fall freely. $BTC
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Yesterday, the ETF spot institutions sold more than 4,000 bitcoins, which fell by 7%. That means 400 million can fall by 7%. On the 11th, the ETF bought 13,900 bitcoins. It cost about 1.2 billion US dollars, which is about 11% higher. That is to say, a buy order of 1.2 billion US dollars can make Bitcoin rise by 11%. But a sell order of 1.2 billion can make Bitcoin fall by 21%. $BTC
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Contracts do not involve spot trading, which means that contracts will not affect spot prices, but ETFs may have opened long orders, and Wall Street cannot help but make money. It is not reliable to speculate on the market by killing short orders or long orders. The higher the total volume of contracts, the more people are gambling in the market. First of all, the essence of contracts is pure price betting contracts, which do not involve spot trading. Therefore, the higher the open interest of contracts, the more leeks will enter the market. The probability of extreme market conditions is greater. Why do I say that it is unreliable to see how much money the dealer can make by killing short orders and how much money can be made by killing long orders? The key is that you don’t know who is behind this order. The open interest of contracts is getting higher and higher. If there is a short order, there must be a long order. Many people don’t understand this. The open interest, the open interest of contracts is getting higher and higher. This means that more and more people are participating in the bet. Will Tef and those big dealers collude? Will they join forces to force the warehouse? As long as someone opens a contract, there will be extreme market conditions. $BTC $ETH $DOGE

Let's observe the movement of eTf for a few more days. In fact, the airdrop died in two waves. One wave died when it reached 80,000. Another wave died when it reached 90,000. There is still a large wave of short orders at 100,000. Anyway, there is still a large wave of short orders, and its liquidation price is 100,000. $BTC $ETH $DOGE

Judging from the outflow of Bitcoin spot EF yesterday, not only was there no buying, but 4446 coins were outflowed. I think the reason should be the CPI data. It is 2.6%, plus the Fed is hawkish, saying that it is not in a hurry to cut interest rates. I think these two reasons make the capital market feel pessimistic about the December interest rate cut. Maybe the reason for this pessimistic attitude is that we see those big capitals voting with their feet. What do they do? They sell. $BTC
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Yesterday, 4446 bitcoins flowed out of the Bitcoin ETF spot, with the largest drop of 7%. Now whether the market rises or falls depends entirely on ETFs. So what does EF look at? What is the basis for buying or selling ETFs? $BTC $ETH $DOGE

Are you still adding more positions now? $BTC $ETH $DOGE

Powell said that the US economy is strong and there is no rush to cut interest rates. So it is unclear whether there will be a rate cut in December. If there is another rate cut in December, there may be another wave of increases. $BTC $ETH $DOGE

The rise of the copycat stocks has only one purpose, which is to lure more buyers. If no one follows up, then it will continue to rise. If someone follows up, then it will not rise and the stocks will be sold. Anyway, the dealer transfers the money from one hand to the other. As long as someone comes in to play, someone will be trapped. There will be someone who runs slowly. Then the price will fall, and someone will cut their losses and run away. In this way, the dealer makes money. $BTC $ETH $DOGE

The current market is volatile. First of all, I think that the ETF funds flow in more than 500 million every day. I think this situation is unsustainable. It flows in 100 to 300 million every day. I think this situation should be normal. More than 100 million flow in every day. I think this should be a relatively healthy normal state. In this case, Bitcoin will fluctuate, that is, it will not fall too deep. It will start to fluctuate after it grows to a certain position, and then after the fluctuation digests the profit, it will continue to rise, and then fluctuate again, and then consume the profit, and then find another step, and then I really think that Bitcoin will go this way in the future. As for whether Bitcoin will have a bear market, it depends on whether inflation in the U.S. stock market rises, the Federal Reserve raises interest rates, and the U.S. stock market is sluggish, then the currency circle may enter a bear market. $BTC $ETH $DOGE

In an uptrend, the biggest opponent of the bulls is not the bears. The bears are the fuel. The biggest enemy of the bulls is the bulls themselves. Because there are always people who make profits and can't help but take the money and run away first. This will cause the bulls to stampede. $BTC $DOGE $ETH

Let me tell you another story. BlackRock has been buying and buying. You may think that BlackRock people are stupid and have a lot of money. Don't forget that when BlackRock was in the A-share market, it was also eating meat and drinking blood. BlackRock would do T, and it would deliberately pull up and smash the market. This is what the president of BlackRock said to reporters before withdrawing from the A-share market. BlackRock is still unable to control the market. BlackRock will definitely find a way to lower its own costs. It will never rush in blindly. BlackRock is definitely not a good person. $BTC $ETH $DOGE

I have a feeling that those naive people in the US stock market will soon be severely beaten by the cryptocurrency circle. Just like BlackRock was severely beaten in the A-share market. Now Etf institutions, Bitcoin spot EF institutions. Their investments have basically doubled. Then do you think the people who come later will Fomo? People in the casino have a casino money effect. That is to say, those who have made money will not treat the money as money, but as happy beans. Then they will rush in again, and they will not stop, just like Livermore, who made 100 million US dollars in the stock market in one day. At that time, 100 million US dollars was equivalent to 10 billion US dollars now. So think about it, he made so much money in a single day. Did he run away? He didn't run away, he continued in the stock market, and then lost everything. The other people are probably the same, that is, those who made money will probably continue to stay here. Those who lost money want to get their money back, and those who made money want to continue gambling. Who made the money? I have seen a piece of data, and I would like to share it with you. People with more money eat people with less money. If you want to tell whether a person can make money in the stock market, you can just look at one indicator, that is, whether this person's assets are ranked in the top ten of the global wealth list. If this person's wealth can squeeze into the top ten of the global wealth list, then he is making money in the stock market. If not, then he is losing money. Through Bitcoin, everyone can think about the nature of currency. You say what value this thing has, it has no value, but if you think it has value, then it is valuable, and you recognize its attribute of a medium of exchange. It has this attribute. There is a saying that money is the best story told by mankind. If more people believe it, it is true. $BTC $ETH $DOGE

It has been more than ten months since ETF was approved on January 11. In the past ten months, it has been pulling up the market and rising to the present. ETFs are long-term holdings, and they will not sell them. Even if they sell them, they cannot sell them. If you now drop 100,000 coins, it is estimated that Bitcoin will plummet by more than 30%, or even more than 40%. As long as someone brings money into this market, someone will definitely take money out. So who took the money from ETFs, the money they used to buy Bitcoin? First of all, 50% was taken away by Grayscale. The other 50% was taken away by other retail investors, as well as large investors. Exchanges and the like. So if ETFs now buy 10,000 or 9,000 coins every day, how much money does it have to invest every day? About 900 million. He bought 13,000 coins and 1.1 billion US dollars the day before yesterday. So do you understand now? That is to say, the higher the price rises, the less money there is in the market. First of all, my theory is not wrong, but why does it keep rising? Because ETFs are rich, they keep putting money into them, but there will be a day when they can’t put it in anymore. I don’t believe they can pour 800 million, 900 million, or 1 billion every day. This situation cannot last more than two months. In addition, it has already pulled up so much. I personally think that this situation, this rise, will only last for another month at most. Even after November, it will usher in a big correction, because first of all, the price has risen so high, that is, it is pulled up by ETFs. If the purchase of ETFs decreases, the price will fall quickly, because there is not so much demand, and the price is so high, then everyone is sure that those who make money will definitely run away. This is why it rose to 93,000 last night, and then fell back to 88,000 in a flash. Why did it fall back to 88,000? Because someone sold it, someone made money and ran away. So now the price is still here, because everyone thinks that ETFs will continue to buy, so think about it, if ETFs continue to buy but are not strong or even outflow, there will definitely be an avalanche $BTC $ETH $DOGE

It has already pulled back 5000 points. $BTC $DOGE $ETH

Some people lost money by shorting, and then they posted a dynamic saying that they could blow me up if they had the ability. However, there is no need to be so emotional. Investment is looking forward, not backward. If you think your shorting logic is still valid, then you should continue to short. If you have already held the order and lost a lot, then you should reflect on whether you are wrong. If you are right, the price should not be at this position now. $BTC $ETH $DOGE

Don't you think the rise of altcoins is strange? People in the US only buy Bitcoin in Bitcoin spot ETFs, right? People also only buy Ethereum in Ethereum spot TFs. Why are you blindly following the rise of other altcoins? $BTC

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Now, ETFs buy about 10,000 coins every day. The inflow of funds is about 900 million to 1 billion. Moreover, after buying ETFs, they do not sell them, but hold them for a long time. More and more coins are concentrated in the hands of ETFs. Just think about it, he buys 1 billion, 800 million, or 900 million coins a day. The price will definitely get higher and higher. When will it fall? Unless one day he stops buying, the price will fall freely. But now it seems that all these things have just begun. How many billions have flowed in? Only more than 50 billion have flowed in. Unless the US stock market collapses and US inflation rises, ETFs stop buying. Bitcoin falls freely. Otherwise, Bitcoin may never fall again$BTC $ETH $DOGE