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#以太坊现货ETF #TON #CRV #德国政府转移比特币
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point on July 10 was 59,300, which is close to the pressure point of 59,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 9 was 58,100, which coincides with the pressure point of 58,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 8 was 58,200, which coincides with the pressure point of 58,000 in yesterday's article.
Bitcoin's highest rebound point on July 7 was 58,400, which is close to the pressure point of 58,000 in yesterday's article.
Bitcoin's highest rebound point on July 6 was 57,300, which is close to the pressure point of 58,000 in yesterday's article.
Bitcoin rebounded strongly to 59,000. The Fed Chairman’s speeches are usually very vague and he won’t say anything too clearly. After all, he can’t say clearly that interest rates will be cut in September or November, because if CPI rebounds, it will be a big deal.
In fact, the more important news is:
The U.S. House of Representatives will vote on SAB 121 in the early morning of July 11, and it is expected that the chances of overturning Biden’s veto are slim.
FOX Business reporter Eleanor Terrett posted on the X platform that the U.S. House of Representatives will vote on SAB 121/HJ Res.109 (Cryptocurrency Custody Accounting Standards Announcement) at 16:00 Eastern Time on July 10 (04:00 Beijing Time on July 11), but it is expected that lawmakers will not be able to get enough votes to reach the two-thirds majority required to overturn Biden's veto.
Why is this news so significant? After the US President rejected SAB121, the US House of Representatives was able to resist so strongly, which is a great encouragement to the industry. Because in the environment where many major countries have a one-size-fits-all approach, the United States is so actively working for the encryption industry.
A big country's efforts in top-level design of the encryption industry surpass all slogans, because legislative efforts are to make the industry legal and compliant, so that it can go further.
Every retracement of Bitcoin is an opportunity for Ethereum.
Although the time of Ethereum spot ETF is constantly postponed, the normal trading of Ethereum spot ETF is usually in July or August. Cognition Society believes that after the Ethereum spot ETF is approved, the cottage should have a big rebound. Therefore, the cottage that is trapped will wait for a big rebound before reducing, unless it rebounds to near the cost recently.
I dare not say where the lowest point is, but whether it is the Ethereum spot ETF or the lower US interest rate cut, it is relatively certain that it is positive. Wait a while, and things will get better slowly.
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and fall of short-term prices. This is not Tai Chi, but Cognition Society has its own principles.
Cognitive Society does not know when Bitcoin will plummet, but we remind ourselves that every time Bitcoin plummets, it is an opportunity. We enter the market when Bitcoin plummets and deploy our favorite Ethereum UNI and hot altcoins.
Therefore, if you hold 8 layers of positions, you should control your positions to around 7 layers when Bitcoin accelerates its rise. In the bull market, don't fantasize about shorting your positions every time Bitcoin plummets.
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CryptoQuant Research Director: New Bitcoin Whales Have Realized Losses of $1 Billion in the Past Two Weeks
Julio Moreno, head of research at CryptoQuant, said in a post on X that data shows that new "Bitcoin whales" have realized losses of $1 billion in the past two weeks. Previously, the group achieved profits in Q1. In addition, long-term coin holding whales (Old whales) achieved profits in early June.
The definition of long-term whales is as follows:
1. The average UTXO age is more than 155 days (if it is less than 155 days, it is a short-term whale);
2. Balance exceeds 1,000 BTC;
3. No connection with CEX or mining companies.
📍Interpretation of Cognitive Society: It’s not just one person who loses, but all those who copycat lose money
BlackRock has submitted an application form 8-A12B for the registration of Ethereum spot ETF securities to the US SEC
Public documents show that BlackRock has submitted Form 8-A12B for the Ethereum spot ETF securities registration application to the U.S. SEC. It is reported that the submission of Form 8-A means that the issuer can trade on the exchange once the product is approved, and it also marks progress in the potential approval of the Ethereum spot ETF.
📍Cognition Society Interpretation: Ethereum spot ETF should be traded soon, just waiting for BlackRock
Tonight, 9 ETFs increased their holdings by a total of 4,862 BTC (approximately US$281.23 million)
📍Cognition Society Interpretation: Bitcoin spot ETF has a huge impact on Bitcoin prices. American institutions are really rich.
Analysis: Germany’s sale of BTC is a routine criminal investigation procedure because the seized assets need to be liquidated within the deadline
The crypto wallet of the German Federal Criminal Police (BKA) has recently begun transferring thousands of Bitcoins to exchanges such as Kraken, Coinbase and Bitstamp, indicating its intention to sell these Bitcoins. The Bitcoin holdings of the wallet have been reduced to 23,788. Lennart Ante, co-founder and CEO of the German Blockchain Research Lab Blockchain Research Lab, pointed out that the German law enforcement agency's sale of Bitcoin is not an investment strategy, but a standard procedure for confiscating assets in criminal investigations.
In addition, the analysis found that it was not the German government itself that sold the Bitcoin, but a small state in eastern Germany called Saxony. The Saxony Attorney General's Office is responsible for liquidating confiscated assets, so the asset sell-off is not surprising. It is reported that the seized assets need to be liquidated within a certain period of time. This is a routine business process, although the scale is larger than normal this time. In most cases, confiscated assets can only be transferred or sold if a judge rules that the state government is allowed to do so, and the proceeds will go into the state budget, but this is not the case in this case, but states can request to initiate an emergency sale, for example, if the value of the asset may depreciate rapidly or it is difficult to store, an emergency sale can be initiated. (Coindesk)
The German government currently has 13,110 BTC remaining, with a total value of $637 million transferred out
According to on-chain analyst @ai_9684xtpa, the German government has transferred a total of 10,853 BTC in the past three hours, with a total value of US$637 million, and currently has 13,110 BTC left.
📍Interpretation of Cognition Society: The bottom area needs the turnover of giant whales to be more sufficient, and the German and American governments are also giant whales.
🔹Summary: Bitcoin is expected to rebound as long as it does not break 56,800. Every plunge in Bitcoin is an opportunity for Ethereum to enter the market.
There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottoming out;
May 2024 is the mid-term of the bull market for Bitcoin and Ethereum. Every plunge is an opportunity. Long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and Link Bread;
🔹Short-term data
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any position, and does not confiscate any project party a penny.
🏷Bitcoin
Support: 57000 55500
Pressure level: 59200 60000
🏷Ethereum
There are too many people going long as good news is approaching, so the price does not rise much. 3150 is not a strong pressure point. The real selling pressure is at 3400.
If the Ethereum spot ETF is traded in August, there is still one month left
Focus for the next six months
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3150 3200
Support: 3050 3000
🏷LINK
Consolidation and other directions, want to stand firm 13.7 14.6
Can fully circulated value coins take off in the future market, especially after the Ethereum spot ETF is approved?
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Consolidation and other directions 8.4 is the key
Pressure level: 8.2 8.4
Support: 7.6 7.3
🏷️BLUR
0.18 0.2 Pressure
If Binance is not too abnormal, there will be a big rebound at 0.15 and 0.13
🏷OP
Binance has another OP event
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.66 1.8
Support level: 1.55 1.5
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 0.8 pressure level
🏷CRV
Stuck at 0.3 0.36
51.4 million CRV have been locked in the past 4 days, accounting for about one-third of the total CRV issuance in 2024
According to DefiMoon monitoring, 51.4 million CRV have been locked in the past 4 days, accounting for about one-third of the total CRV issuance in 2024. These locks have also affected the ratio of veCRV to CVX, which has risen from 5.5 in June to 6.44 today. If the anchor price of cvxCRV remains stable and new veCRV continues to flow into the Convex platform, more positive effects are expected.
🏷️UN
Highest 2.15 expected
2.15 2.25 pressure level 1.95 1.8 support level
🏷️TREES
0.0008 pressure level
0.00075 0.007 support level
🏷️WIF
1.55 support level 1.8 2 resistance level
🏷1000RATS
Why
1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.
🏷NEAR
Trapped 4.8
Note that NEAR has become a little weaker, so don’t touch it unless it is at a high position.
Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.
When the price of NEAR23 is around 1, Cognition Society is the only one that reminds you to invest regularly when the price is around 1.3 to 1.
Pressure level: 4.8 5
Support: 4.45 4.3
Others, wait for more updates
🔹Understanding attitude towards making money
Cognitive Society does not like hindsight
I don’t like those KOLs who claim that they can make a lot of money.
If someone in the cryptocurrency circle could profit from the rise and fall of every coin
Leverage is not about making 10 billion a year
But the second largest exchange on earth saw the market makers manipulate the market, and it only lost billions and went bankrupt.
Form your own trading system and make money within your own cognitive scope. Don't fantasize about making money from every daily rise and fall, let alone the rise and fall of every coin. This person does not exist on the earth, nor does this kind of organization. If such an organization existed, FTX, the exchange that looks after the main backstage, would not have gone bankrupt.
Desire and ability are not equal
The heart can never be at peace
How can you hold on to the coins if you are not calm inside?
Many people always like to rely on other people's promises and guarantees to hold on to their coins when the market crashes.
Banks are going bankrupt. Even some big countries’ fiat currencies are going bankrupt. Evergrande and Zhongzhi Group are bankrupt with tens of trillions of dollars.
Do you think people who promise returns can be trusted in such a high-risk place like the crypto industry?
The charlatan is just talking nonsense. As for the real crash and bear market, have you ever seen those people who advocate the bull market every day?
