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🔹Reviews of Cognitive Society
The highest rebound of Bitcoin on July 26 was 68,000, which is very different from the pressure point of 6666 in yesterday's cognitive article.
Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin's lowest price of 65,900 on July 23 coincides with the support level of 65,800 mentioned in yesterday's article.
Bitcoin has already walked out of the pace of not recognizing relatives and is approaching the historical high. Ethereum is obviously weak, but the weakness at this time is different from usual. The faster Grayscale sells, the better, and the exchange of chips can fully clean up the market. Of course, many institutions are switching positions from Grayscale to Fidelity BlackRock. According to the current daily sales of 70,000 to 100,000 Ethereum, most of Grayscale’s selling should be almost done in about a month.
What big institutions are worried about is the depth, not the short-term rise and fall. As long as Ethereum is able to maintain a daily trading volume of 90,000 Ethereum for half a month, it will be easier to attract large funds to enter the market in the future.
At this point, whether Bitcoin can eat up the 2 billion short orders near 72,000 with the help of Trump's speech at midnight is the key.
All we can do is pay attention to Ethereum when Bitcoin plummets, and wait and see how Ethereum performs.
🔹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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Grayscale ETHE has outflowed 13% in the past three days, and the outflow rate is more than three times that of GBTC
Trader T data shows that Grayscale ETHE currently still holds 2.28 million ETH, and has outflowed 13% in the past three days. Compared with the outflow rate of about 4% (25,000 BTC/630,000 BTC) after GBTC opened three days ago in January this year, ETHE's outflow rate is more than three times higher than GBTC. Bitwise hangs a large banner on the New York Stock Exchange to promote its ETH spot ETF
According to a video released by Bitwise executives, Bitwise hung a large banner outside the New York Stock Exchange on Thursday to promote its Ethereum spot ETF ETHW.
Analysis: Grayscale ETHE may exhaust its Ethereum holdings within a few weeks if it continues to sell at the current rate
Grayscale's spot Ethereum ETF ETHE has seen a large net outflow after its listing, totaling $1.2 billion. This outflow has exceeded the net inflow of other spot Ethereum ETFs, but at this rate, the Ethereum assets it manages may be exhausted within a few weeks. (TheBlock)
📍Cognition Society Interpretation: Before the Ethereum ETF transaction, Cognition Society reminded Grayscale of the selling pressure, but did not expect the selling to be so urgent and so fast.
As of July 25, BlackRock ETHA's holdings exceeded 100,000 ETH, an increase of more than 22,700 ETH from the previous day.
BlackRock's official update of spot Ethereum ETF data shows that as of July 25, the market value of iShares Ethereum Trust ETF (ETHA) reached approximately $335,723,162.69, and the holdings exceeded 100,000 ETH and rose to 107,578.7519 ETH, an increase of 22,727.8337 ETH from the previous trading day. In addition, data shows that BlackRock Ethereum ETF also holds $8,727.77 in cash.
📍Interpretation of Cognitive Society: It’s not that BlackRock didn’t work hard, Grayscale sold off too quickly, too many institutions switched positions from Grayscale, BlackRock and Fidelity worked very hard
Glassnode: Bitcoin open interest has recently risen to the range of 260,000-280,000 BTC, with Binance, Bybit and OKX accounting for about 84% of the market share
According to Glassnode's analysis report, the open interest of Bitcoin perpetual futures in 2024 basically fluctuates between 220,000 and 240,000 BTC. This value usually drops rapidly during deleveraging events and rises during periods of strong speculation, but recently the open interest has risen to the range of 260,000 to 280,000 BTC, indicating that speculative demand has increased since the beginning of June, with Binance, Bybit and OKX accounting for about 84% of the market share. Previously, when the BTC price fell to the $53,000 area, it led to a meaningful deleveraging event, and many long-biased traders were liquidated near the low point, but the subsequent rebound price recovery was also very strong, returning most short-term holders to an unrealized profit state, which provided much-needed financial relief for the net positive capital inflows in recent weeks.
📍Interpretation of Cognition Society: The previous sharp drop was to clear long orders.
🔹Summary: Bitcoin 69500 72000 is an important pressure point. Every time Bitcoin plummets, it 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: 67800 66600
Pressure level: 69400 72000
🏷Ethereum
Wait a minute, Grayscale's institutional holdings have been largely transferred to BlackRock Fidelity
Grayscale is estimated to need 3 months to sell. The selling pressure is the greatest in the first month. Wait for the chips to be exchanged.
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3340 3400
Support: 3240 3200
🏷LINK
14.6 is the key pressure point
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
The profit distribution plan needs to be updated to profit repurchase coins and then destroyed
Pressure level: 8 8.2
Support: 7.6 7.4
🏷️BLUR
0.2 0.23 pressure level
🏷OP
2 Not standing firm is really too much
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.8 1.9
Support level: 1.6 1.5
🏷️SUN
Whether 200 is the weekly triple top is very important
🏷CRV
0.3 is the key pressure point
🏷️UN
If you can stand firm 3, you will gradually become stronger
The lowest is more than 2.5 and the highest is 3, which is consistent with the expectations of yesterday’s article by Cognition Society.
🏷️TREES
0.009 96 pressure level
🏷️WIF
The lowest is 2.7, but 3 is a strong pressure point
🏷1000SATS
The fluctuation is a bit too exaggerated. 0.00032 dropped to 0.00024 and then rebounded to 0.00032. Strictly control the position and pay attention to the sharp drop.
0.0033 is the key pressure point
If the cost is around here and you lose 20 points, you can consider changing and reducing your position. If you don't have much bullets, after all, the counterfeit stocks have fallen several times in this round.
When 1000SATS rebounds to near the cost, reduce the position, and reduce the proportion of long-term positions after reducing the position. The fluctuation is too large and most people cannot bear it.
🏷1000RATS
0.16 pressure level is the key to strength
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
Note that NEAR is a bit weak, 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: 6 6.3
Support level: 5.7 5.5
🏷️YUP
1.2 is the key pressure point
0.93 Meat eater
On July 26, JUP fell back to the lowest point of 0.92, which coincided with the support level of 0.93 in the article of Cognitive Society yesterday.
On July 25, JUP fell back to the lowest point of 0.93, which coincided with the support level of 0.93 in the article of Cognitive Society yesterday.
🏷BNB
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 575 570
Pressure level: 590 600
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?
