In the crypto industry, the situation is constantly changing, and yesterday another shocking topic came. A heavyweight monk who has been immersed in the industry for 17 years posted two screenshots of Coin's real trading and detailed statistics of losses since 519 on the X platform yesterday, which instantly caused an uproar. Data shows that the total loss of these two Coin's real trading pictures is more than 9 million yuan, and the detailed loss statistics are even more shocking. The amount of liquidation in the past six months is as high as 25 million yuan, and the total loss in the contract market has exceeded 40 million yuan. This news undoubtedly caused a thousand waves in the industry, and many investors expressed their concerns about the risks of contract trading.
Just last week, a well-known trader nicknamed "Dentist" also became a focus. He once publicly showed his brilliant record of using 600 yuan of capital to successfully play the funds to 300,000 yuan, but then he was blown up in a short-selling operation of Bitcoin, resulting in a contract loss of more than 9 million yuan. Currently, "Dentist" is publicly seeking financial support from fans on the X platform, trying to realize his plan to recover his 10 million yuan. This move once again reminds everyone that although contract trading has the temptation of high returns, the huge risks behind it cannot be ignored.
In May this year, another early famous Bitcoin trader in the industry, "Ziqi", also suffered a heavy blow. He successfully liquidated his wealth of many years overnight, and finally had to choose to sell his account to survive. Sanshu once profoundly pointed out that in this world, money can never be earned, but it is easy to lose money. This warning has now become a reality. Many once glorious traders can only be humble in public, and the ones they feel most sorry for are their families.
Including the well-known "Liang Xi", these former trading legends had their glorious moments and countless enviable moments. However, after the prosperity, except for "Liang Xi" who still sticks to it, others have expressed their inner guilt in public: "At this moment, the one I feel most sorry for is my family." Everything seems to be slowly coming to an end, and the glory of the past has become a memory.
Legends such as "Bit King", "Fat House", and "Lunch" are regarded as "gods" in the contract industry. They are originally one in a million. The greatest value of their existence is that it reveals the market rationality of leveraged trading. Contract trading does have the possibility of making money. It can enable ordinary people to achieve class leap in a short period of time, although the probability of this is slimmer than winning the lottery. However, behind their success, there is a huge contingency, and it is also inseparable from their deep cognition and sufficient preparation. As explained in the "Floating Cloud Rolling Logic" in today's video content, it is not an unattainable dream to make tens of millions of dollars with a few thousand dollars in the crypto market, but the premise is that you must do enough asset planning, have enough patience, formulate reasonable strategies, and have strong execution. None of the above four is indispensable. At the same time, after making money, they can keep their original intentions, decisively withdraw from the circle, and never look back. This is also an important factor in their success.
After a brief commotion in recent days, market bulls fell into an eerie calm yesterday. Judging from the data on the chain, there is no obvious large-amount fund movement, and the market situation is more like a rebound relay that has entered the intermission period. Yesterday’s ETF data temporarily exceeded expectations. The net inflow of Bitcoin spot ETF was US$135 million, and the net inflow of Ethereum spot ETF was US$62.51 million. Ethereum’s data surged rapidly in the short term. The positive macro sentiments outside the market are in line with the trends on the market. Stagnation, forming an obvious emotional deficit.
Uncle San said that it is not meaningful to speculate too much about the market height within the year. The future definition of the macro trend mentioned above, such as the seasonal rise and fall of Bitcoin or altcoins, has little relevance to our final investment results. For example, as long as Bitcoin can maintain above 62,000 points, there will be a short-term bullish trend towards 67,000 points. Any shocks in the middle are just "garbage time" for us. Paying too much attention to these fluctuations will only waste our lives.
Following SUI, other public chains such as SEI also began to build momentum. For a while, there was a subtle competition between meme and public chain traffic in the sector trend. In addition, SUI also started to fight the local tyrants on the chain. The entire network is operating through CX casting. If nothing unexpected happens, one or two non-core public chains will also succeed. However, after the market starts FOMO (fear of missing out), it is likely to fall into a mess. Therefore, if you do not have enough operating experience and risk control ability, it is best not to join the fun easily.
Looking ahead, the SEC will start a new round of intensive speeches today, including the final report of the second quarter GDP and other data. After the sluggish market in the past two days, it is expected that the market will begin to expand its fluctuations. In the crypto market, you must maintain sufficient strategic focus when you need to be calm. This year, the biggest challenge of the market is the lack of liquidity. In the case of insufficient liquidity, frequent operations will only make you the liquidity of the market, not the real winner.
Market trend analysis
BTC (Bitcoin):
The high point of this daily rebound is expected to be around 67,000 points. The four-hour or daily chart shows that Bitcoin has temporarily broken out of a small level of breakthrough tendency. The short-term bull support level has moved up to 62,000 points, and the four-hour bottom of the oscillation is around 63,000 points. The market has been oscillating within a range of 2,000 points above 63,000 points in the past two days. As long as the large range trend is not destroyed, the daily line will continue to be dominated by bulls.
ETH (Ethereum):
Ethereum exchange rate and growth rate continue to pick up, and fell back after yesterday's brief strength. Short-term bullish pressure is around 3,000 points, and the long and short positions are hovering in the range of 100 points. It is expected to be temporarily blocked, and the intraday support level below is 2,610 points.
COMP（Compound）：
With a small position, the daily trend is still bullish, having rebounded 25%. The four-hour chart remains strong, and there is still room for growth in the future.
SATS（Satoshis）：
The daily trend is at the bottom. After stabilizing this position, a new wave of small daily market may come. In addition, we need to pay attention to the volume of the four-hour chart, which has been increasing for a period of time.
Plate center of gravity
In the short term, the market will focus on the old blockchain sector (such as AVAX, NEAR, etc.) and the AI sector (such as Pixel and AI, which were severely oversold in the early stage). At present, both sectors have experienced some independent upward trends and have become the new focus of the market.
Fear Greed Index
The current Fear and Greed Index is 59, which is in a neutral to greedy state.
