The past 24 hours have been a V-reversal day. I don't know why, but it's pretty hard. Especially after the end of the US stock trading, Bitcoin rose, driving the entire cryptocurrency market to rebound. Bitcoin did not flow in too much on the ETF side. Only 30 million. I think sometimes we cannot be completely trapped in the fog of ETF inflows and outflows. Inflows and outflows can change at any time. We should observe long-term data rather than short-term data. We cannot think that the ETF inflows pulled up the market just because 30 million US dollars flowed in yesterday. This logic is still a bit far-fetched. Because it cannot explain why Bitcoin was still adjusting despite the net inflow of several hundred million US dollars in the past two days. After all, the market is not controlled by a single factor. In the long run, the data of Bitcoin ETF is still very good. In more than six months, there was a net inflow of 17.5 billion US dollars. Bitcoin rose more and fell less, and ETFs have contributed greatly.
The addresses of long-term Bitcoin holders have accumulated 85,000 BTC in the past 30 days. These wallets are neither ETFs, exchanges, nor miners. In the same period, the Bitcoin spot ETF address has recently outflowed 16,000 BTC. After the ETF was passed, these long-term investors were selling, and they have been selling for several months. They have just started to stock up again, which is one of the reasons why I sold in the past few months. I cleared out the altcoins in February. First, I felt that the sentiment could not continue. The altcoins only had quarterly quotations. Second, I felt that there was no innovation in this round of altcoins. Third, I saw that long-term holders of big cakes had started to sell for a while. Afraid of a callback. The behavior of this group seems to be very rational as a whole, and they usually become the terminators of the trend. They start buying in a weak market, accumulate for a few months, buy the market into an upward trend, and then start selling when the market reaches the top. After selling for a few months, the market really peaked. #BTC下跌分析
UNISAT coin issuance categories: SATS is the SWAP token PIZZA is the MEME coin A Bitcoin L2 was created, and an L2 token FB will be issued UNISAT has not issued any tokens yet It is estimated that all tokens will be fully circulated, without VC or unlocking, and will be distributed fairly. It is everyone's favorite, just accept it.
Friends who have a lot of counterfeit goods, reduce the proportion of MEME, don't cut losses. Hang on, believe in the pie, believe that good times will come after bad times. $AXL $ORDI $ARB
Catizen is really good. It has released an SDK and announced that it will build a platform. It seems to be a small game platform that allows developers to deploy and publish games with one click.
It is quite capable and worth my investment. However, I started too late. I don’t know how many coins I can get. The coins will be issued this month. Keep watching. #TON生态
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Catizen launches SDK to support publishing games on Telegram
According to BlockBeats, on July 1, Catizen officially announced the launch of Catizen SDK. The SDK provides developers with tools and frameworks to design and build games, and supports one-click deployment of games on Telegram. In addition, Catizen SDK also provides developers with APIs, real-time analysis, and cross-platform compatibility.
After a small rebound, the market fluctuated again, and it was surprisingly calm. Numbness is a necessary market sentiment, and it is a reflection of no longer having expectations for the market.
A market without expectations is good, which means that there is only a pile of rotten meat left in the market, and rotten meat is not easy to be cut. $BTC
Always believe that the risk will decrease as it falls, and will increase as it rises. Everyone dislikes the copycat, but I don't believe that the copycat has no bottom. Everyone dislikes it, that's a good opportunity. The crypto market is definitely not complete with only the big cake and the second cake. Blockchain and encryption have been developed for ten years, and there are many valuable projects and products. A fall does not mean that everything is bad, and similarly, an increase or no fall does not mean that it is good. The crypto market is not short of changes. $UNI
Compared with interactive coin-pulling, I prefer staking coin-pulling or points coin-pulling, which have clear airdrop ratios and points rules. This is more like an investment, and I can roughly calculate how much I can get in the future. Including how much time it takes, it is relatively clear. I haven't tried ZK Layerzero. ETHFI EIGEN BWB I mainly played with these, and they are all pretty good. Next, I will focus on the TON ecosystem symbioticfi $ZK $ETHFI
Bitcoin is still at 65,000, and it is ridiculous to discuss whether the bull market is still there. The fact that the altcoins have fallen to pieces is actually not a big deal. After all, BTC is 50%, ETH is 17%, plus stablecoins, SOL, and BNB, it is 80%. If we only look at the market value, there is no doubt that the bull market is still there. But thinking about it the other way around makes many people more anxious, because they are still losing money in the bull market. It makes people unable to see the future. I can only say, hold on a little longer, the bull market is still there, and there will be a bright day.
Since March, I have been determined not to buy altcoins unless they are cheap, and I will not chase the rise but only buy at the bottom. $LDO $ARB $OP $AXL $AERO $PYTH
The price of arb is really low, but the technology is good. Its stylus is quite powerful. I feel that chain games on arb may develop. More than 200 million ARBs have been used to reward chain game projects. Stylus also supports programming in various languages and is compatible with EVM, which has made a qualitative leap in the number of games that can be programmed on ARB. The Arb chain is now cheap enough. The foundation is almost laid, let's see if a good product can be born. $ARB
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Arbitrum implements zero-knowledge proofs with Stylus MultiVM
According to Foresight News, Arbitrum announced that it will implement zero-knowledge proofs through Stylus MultiVM. The compiled ZKP verifier can run in WASM and is fully compatible with EVM.
NOT's market maker is DWF, the one that has the strongest pull. Many of CFX and YGG's explosive pull coins are its work. CFX and YGG both rose 10 times in the short term. Each of them was unique at the time. But in the end, they were all in a mess, and basically cut in half again. It depends on yourself, whether you dare to chase high, I don't want to touch this kind of coin, it's too difficult to make money on DWF. Especially this kind of coin that has already risen 4 times from the bottom price. I bought a coin that DWF has invested in, RSS3. After buying it, DWF invested, and then it rose for a day and then fell, which tortured me for a long time. Finally, I cut my losses. RSS3 still rose this year, but it didn't explode. DWF has also invested in many, not all of them exploded. $NOT
Although the news of ETH ETF has less and less impact, the price of ETH should be supported by the expectation of future benefits. After the ETF can be traded, it has withstood the initial selling pressure of Grayscale. ETH should also have a price leap like BTC. A report analysis said that the ETH ETF will have a net inflow of 3 billion US dollars in about half a year by the end of the year. If there is a net inflow of this scale, it will be quite considerable. It has been almost half a year since the issuance of Bitcoin ETF, and the net inflow is 12 billion US dollars, while absorbing the outflow of 20 billion US dollars from Grayscale. The total scale is more than 50 billion US dollars. The existing scale of Ethereum ETF is the scale of Grayscale, which is nearly 12 billion US dollars. If there is a net inflow of 3 billion US dollars by the end of the year, the scale will reach 15 billion US dollars, which is not small. After the ETF is passed, it is possible that a little new funds will leverage a considerable increase. According to CryptoQuant data, the number of Ethereum on the exchange dropped sharply by about 797,000 from May 23 to June 2, worth 3.02 billion US dollars. The percentage of Ethereum circulating supply held by exchanges has dropped to 10.6%, the lowest in many years. As the exchange reserves decrease, the new demand can have a greater effect.
The annual rate of the US core PCE price index for April has been released. There is no big wave. Fluctuation and stability are still the main themes. There are occasional hot spots, but the continuity is insufficient. This is the characteristic of the recent market. The views of the Fed officials are still the same. There is nothing special. The focus is still on the data, even if the data is fake. This week, the impact of ETH ETF will be further reduced, and it will enter a week of macroeconomic impact. It happens that some important data will be released this week. For example, the PMI of various countries in May, China's is below 50. Other countries will also be announced soon, and the impact will be relatively small. This week, there are also the US ADP employment in May, the Bank of Canada's interest rate decision, the US unemployment rate in May, and the US non-farm payrolls in May after seasonal adjustment. Especially the latter two may cause large fluctuations and need to be closely watched.
Left-side trading and right-side trading. I have been doing left-side trading recently. I am more suitable for left-side trading. I can hold on, I am more resilient, I am full of confidence in the future, I believe in the big trend, and there will always be an increase in the medium-term and long-term cycles. So when the price is reasonable, that is, when it falls to a certain level, I start to buy at the bottom, and the more it falls, the more I buy. Don't buy when it rises. Then wait for the bull market to take off. You need to bear the risk of the market not reversing and the risk of further decline in the counter-trend market. You need to have a better understanding of the macro. The requirements for technical analysis are relatively low, and you don't need to see the trend too clearly. Right-side trading means that you have to buy in the early and middle stages of the upward trend, and then use the inertia of the trend to eat up part of the increase, and then sell after the downward trend is confirmed, so as to bear less of the callback. I am not good at how to determine the trend, so I rarely do right-side trading. There is no good or bad difference between the two. The choice mainly depends on which one you can do well and grasp the key links. A good deal is one that can make money. $BTC $ETH $UNI
VanEck has already submitted the revised S-1 document, which is very fast. With this efficiency, it seems that it will not take long for the S-1 to be approved. $ETH