After the recent Fed rate cut, the cryptocurrency market rebounded across the board, and Bitcoin also reached the $64,500 mark twice. In the past 24 hours, it fluctuated downward, reaching a low of $62,671 around 09:30. Now Bitcoin is holding on to $63,000! Friends, if you have experienced the last round of the 2021 bull market, you must still remember the anonymous analyst PlanB, who made a "iron prediction" on June 20, 2021, which really made him "famous"...
PlanB's bull market forecast for 2024-2025:
October 2024: BTC 70,000 USD
November 2024: BTC 100,000 USD
December 2024: BTC 150,000 USD
Gradually rising in 2025, it may eventually reach $1 million
What I want to remind you is that successful investment does not rely on predictions, but on being fully prepared and planning to cope with various changes in the market. The combination of mentality and strategy can help investors move forward steadily in bull and bear markets.
Today, the entire network has a liquidation of 93.75 million US dollars in the past 24 hours
According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations across the network was US$93.75 million, of which more than US$70 million were long orders that were liquidated, and a total of about 45,000 people were liquidated.
Mt. Gox Exchange Still Holds $2.85 Billion in Bitcoin
Although market sentiment has rebounded recently and is bullish, we should not forget that after Mt. Gox, once the world's largest Bitcoin exchange, started repaying its creditors in early July this year, the selling pressure caused by the different repayment times of various platforms is expected to continue until October.
Kraken’s repayment period is within 90 days;
Bitstamp is 60 days;
BitGo is 20 days;
SBI VC Trade and Bitbank are both 14 days.
According to official statements, of the 141,000 bitcoins to be distributed by Mt. Gox, 95,000 were distributed to creditors who chose early distribution and accepted a 10% reduction starting in July. According to Arkham data, Mt. Gox seems to have distributed all of these tokens in the past three months, but it is unclear how many have not yet been delivered to creditors, which may cause sporadic selling pressure.
Currently, the Mt. Gox wallet address still has 44,900 BTC (worth $2.85 billion). The next repayment time will be tracked for you.
Bitcoin spot ETF has seen net inflows for 4 consecutive days
Another important indicator that affects the market: Bitcoin spot ETF. According to Sosovalue data, since September 19, the US Bitcoin spot ETF has seen net inflows for four consecutive trading days. As of September 24, the size of the US Bitcoin spot ETF has reached US$58.67 billion, accounting for 4.62% of the Bitcoin market value.
The giant whale wallets of the “Satoshi Nakamoto” era have revived and dumped goods
On Monday, blockchain company Arkham Intelligence reported that a dormant Bitcoin whale for 13 years transferred 20 Bitcoins worth $1.27 million to the Bitstamp exchange. According to the findings, the whale holds 50 Bitcoins and the last transaction was four years ago.
This whale is not the only one that has woken up recently. Another whale that has held 1,215 Bitcoins since 2009 transferred 6 Bitcoins to the Kraken exchange.
Another dormant address in the same year also woke up on September 20 and transferred 250 bitcoins from the wallet storage. These transactions brought the total number of currencies transferred by idle wallets in five days to 276 bitcoins. At the price of Bitcoin at $63,725, this means the value of the transfer is about $17.52 million.
It is inevitable to cause panic! What I am saying is: "Every time a price is pumped and sold, the whales can make millions of dollars. Remember, if a coin keeps falling, someone must be selling it!" Most people have seen the impact of whales and cabals on the market. But you only see the big picture, not the details. In fact, their operations are reflected both "on-chain" and "on the chart"!
How to avoid manipulated losses and earn good returns?
I summarize some simple patterns: Accumulated supply First pull (out of the circle)
Supply accumulation again Second pull FOMO
Leave it to the market (sideways if buying is strong) Sell for profit
Re-exchange supply (many projects in the CTO stage) Sell for profit
1. Trump "manipulation model diagram", let's appreciate some specific projects
2.VISTA vs. TRUMP’s manipulation model diagram is clearly in a “dying” stage!
3. GOU \ $TERMINUS is clearly in a "big whale pull" phase
The supply is definitely concentrated in a few wallets! Or at least in the hands of whales who are holding on to their positions. Once people start to take profits and exit, it will show a sideways or downward trend. These two projects are now dangerous and very tempting!
4.NPC/ANDY is in the "fund accumulation completed" stage
5.WOJAK/APUThe last and most useful set of cases: accumulation is complete, ready to take off!
#HMSTR今日上线，猜猜上线价格是多少？ #你有多少HMSTR？ #谷歌云与Solana合作 #比特币盈利供应能否推动价格上涨？
