Last night, the market ushered in a new wave of slump. The lowest price of Bitcoin reached 62505 this afternoon, and the rebound after the price was not that strong, which means that this wave of correction may continue. As for the reason for the decline, I believe everyone can guess it. Last night, the Bitcoin ETF was severely beaten by the outflow of Grayscale. GBTC smashed 643 million US dollars last night, creating the highest single-day outflow since the adoption of the ETF. Grayscale was smashed. At the same time, Fidelity FBTC once again pulled its crotch, with only 5.9 million US dollars flowing in last night, and other ETFs were not strong, so before BlackRock released the data last night, the gap in ETF fund outflows was as high as 610 million US dollars, which means It was said that BlackRock's inflow must exceed this amount to ensure a net inflow of funds, which caused the first wave of panic. Then after the news of BlackRock's announcement of an inflow of 450 million was released, the second wave of panic came again.

I said in yesterday’s article that the net inflow of ETF funds could not be maintained for a few days, and it came true last night. This wave of net outflow of 154 million US dollars also set a historical record. There were two outflows before, and the net outflow on February 21 There was an outflow of 35.7 million, and an outflow of 140 million on March 1. The market dropped significantly in those two days, so the current market is obvious. Wall Street institutions have mastered the pricing power of Bitcoin, and the outflow of ETF funds is a weather vane. This data is very important and can basically guide our operations during the day.

The copycat market as a whole fell yesterday. You can hardly find a sector that is rising, not even a strong track like AI DEPIN. Except for slerf, all other projects in the meme track have fallen sharply. It’s tragic, especially since Bome has been cut in half from its high point. Many friends are muttering that the reason why Binance is not listed on slerf is because the previous meme coin Bome has trapped too many Binance users, causing Binance to be more cautious about listing memes. , other mainstream meme projects also performed poorly yesterday, with bonk floki pepe wif and the like being among the top losers.

The performance of the newly listed ethfi on Binance yesterday was also far lower than expected. The futures price of this project has always been above 5u, and the price prediction in the dis group is also 5-6u. The futures price predictions of several previous IEO projects were very accurate, because The yield rate of bnb and fdusd mining can be calculated. The mining yield rate of ethfi this time is much lower than that of the previous projects. The opening price was 5.3u, but it was dropped to about 3u in an instant, which shows that the market has no confidence in Binance’s new project. The recognition of the currency has dropped a lot. Although it is related to the current market situation, this is very unusual in the copycat bull market.

Market analysis

BTC: Bitcoin We said yesterday that we should focus on the 65,000 position, because this position is very important. If it falls below the 65,000 position again, we will continue to call back and test the support level near 60,000. At present, it has reached a very At the critical moment, it depends on whether we can hold on in these two days. But one thing is for sure. As long as Bitcoin dares to fall, everyone must dare to buy it. The more it falls, the more it will buy. Then, by the end of the year, it will increase at least 1x or even 2x. Of course, this is suitable for large amounts of funds. For retail investors, I think it is important to pay attention to it. For some events on hot tracks, just wait until the wind blows and just start studing.

ETH: ETH fell below 3300 in the afternoon, and the exchange rate against BTC fell to only 0.051. The current fundamentals are indeed not very good. The market response to the Cancun upgrade has been mediocre, and the ecology has been surpassed by Sol in all aspects. From a fundamental point of view, the short term should indeed be bearish. However, technically ETH/BTC is approaching the critical point of 0.05. Past data shows that ETH will rebound soon. Therefore, assuming there are no other surprises at this point in time, it is more reasonable to swap BTC for ETH. In the long run, ETH will It still has the largest developer community, the strongest ecosystem, and the most TVL, so its value support is still very stable, so don’t worry about it.

SOL: The highest daily line of SOL reached around 210, which is in line with the previous prediction. From the daily perspective, SOL has also begun to pull back at the daily level. However, considering that the earth dog market has been hot recently, the earth dog on SOL is very hot, driving SOL's The price is relatively resistant to falling, but this sign will not always exist. When it stops later, that is, when SOL weakens, SOL's MA60 moving average is near 150, and SOL's MA120 moving average is near 120, so if you want to buy SOL at the bottom, it is recommended Start copying near 150, and you can copy boldly near 120.

Recommend a new coin AEVO that has been minted before. The current quotation is: 2.2u, the total amount is 10Y, the current circulation volume is 1.1Y, and the circulation market value is 2.2Y. This data performance is relatively low, mainly because the recent market conditions are not very optimistic. The spot can be divided Part of the replenishment position will be placed at 1.6-1.8 spot midline, with the upper target above 3u!

Mainstream currency analysis:

BNB: Linked to the falling market, there will be a short-term slight rebound to repair after this big drop.

XRP: Ripple’s short-term wave seems to have almost hit the bottom, and there should be a slight rebound in the near future.

DOGE: Dogecoin also suffered a sharp decline today, and will bottom out and rebound in the short term.

AR: Linked declines and market corrections. If AR falls to the bottom later, you can still buy the bottom.

ARB: In conjunction with the falling market, there will be a slight rebound trend after hitting the bottom in the short term.

OP: OP is currently linked to the falling market. In the short term, just wait for the bottom to rebound.

Summarize:

Affected by the decline in U.S. stocks and the outflow of ETF funds, the market experienced a Waterloo and plummeted across the board. After this wave of decline, there should be a small upward trend that bottoms out in the short term. However, the general trend is still a downward correction. This is currently a bull market in the second half of the year. The callback repairs in the early stage of the outbreak should bring down the price of this wave of repairs a lot. However, this year will be a super bull market. The harder it is in the early stage, the more fierce the rise will be in the later stage.

Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.

Create a high-quality circle, mainly to explain various basic industry knowledge in the currency circle, and recommend coins with market potential and altcoins! The rotation of hot spots, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge, if you are interested, you can contact me.