七七是十九

Let me share with you something shocking:

Today, about 450 new bitcoins are produced every day, which is equivalent to about 350 million yuan at the current price. These bitcoins are not created out of nothing. Behind them are the operation of high-performance mining machines and huge electricity expenses.

In fact, more than 90% of the mining costs come from electricity bills. In other words, the Bitcoin network burns about 300 million yuan worth of electricity every day to maintain its operation.

How do you all love to play contract events??
If you open 100 contracts, do you have a win rate above 60?
If so, wouldn't you be rich in U-based currency?

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On December 7, 2024, Bitcoin first reached the $100,000 mark and maintained it for several hours.

Then, from December 12 to 19, BTC barely held around $100,000, lasting for about 8 days.

By January 7, 2025, Bitcoin broke through $100,000 again, but only stayed for a few hours.

From January 16 to February 4, Bitcoin intermittently remained above $100,000 for a total of about 21 days.

Recently, from May 8 to now (May 12), Bitcoin has remained above $100,000 for the 5th consecutive day.

Will this be the start of a long-term bull market? Stay tuned.

Everything has its cycle, and the cryptocurrency market is no exception!

In the last bull market, Bitcoin started from a low of $3,800 in 2020, soaring to a peak of $69,000; Ethereum also took off from $87, reaching a high of $4,800, with astonishing growth that can be called a miracle.

As Bitcoin peaked, the market took a sharp turn downward, falling back to $15,500 in just a year, while Ethereum also dropped to $881. Other mainstream coins and altcoins experienced even more severe declines, with losses often in the tens or even hundreds of times.

Now, a new cycle is brewing. Before this year's National Day, you may witness Bitcoin surging to $200,000, Ethereum breaking through $8,000, Dogecoin rising to $1, and a large number of hundred-fold coins about to emerge!

Oh no!
I accidentally laundered money in broad daylight.
How many years will I get sentenced??

If you have turned your fortunes around or even become wealthy in this bull market

Please promise me, you must steadfastly hold all your Bitcoin and join the 'Bitcoin Faith'.

Joining the Bitcoin Faith requires just one thing - convincing others to buy Bitcoin.

As for those other coins, you always need to keep switching projects and promoting new coins, which is both exhausting and stressful. Choosing Bitcoin is worry-free and effortless, ensuring long-term peace of mind.

Since February 8, 2024, Sun Yuchen has purchased approximately 377,590 ETH through three addresses, with an estimated total investment of $1.15 billion and an average purchase cost of about $3,051 per ETH.

On October 30, 2024, reports indicated that he increased his holdings by 186,110 ETH on the Binance and 1inch platforms, with a market value of approximately $590.24 million and an average purchase price of around $3,100.

As early as May 2021, when Ethereum experienced a significant pullback, Sun Yuchen had heavily accumulated at an average price of $2,509, and later sold part of his ETH at the peak of the subsequent bull market (average price of about $3,775), realizing a profit of approximately $2.5 billion.

Overall, Sun Yuchen's recent average acquisition cost for ETH lies between $3,051 and $3,100, with a historical bottom holding cost of about $2,509.

$BTC
Once again breaking the 100,000 mark!
Just as I said back then, over 10,000 BTC is the bottom!
The big moment has arrived as expected!

The various bearish factors in the first half of the year have basically been released, and the market is expected to gradually warm up in the second half.

From the trend, this definitely does not look like a bear market. If it were a real bear, the market index would have fallen to 40,000 or 50,000 long ago, instead of occasionally surging to 90,000 or 100,000. This is actually the later stage of a bull market; it's just that this time, almost all small-cap coins have been wiped out.

There are too many projects, and capital cannot comprehensively uplift them, so it can only rotate selectively. Last year it was the AI sector, the year before it was inscriptions, and this year will likely follow a similar rhythm, with batch speculation being a common tactic of the main players.

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Zhao Changpeng joked that the car is not his, but the license plate definitely is.
Kyrgyzstan is expected to include BNB and BTC in its national-level cryptocurrency asset reserves.

Ethereum's official announcement claims to have just completed the largest upgrade in history,
however the market seems unconvinced, with the coin price remaining stable,
even gas fees continue to hover around 1...

$BTC
The big one is coming

$BNB
Okay, I understand🙂

The Future Potential Narrative of Stablecoins

Stablecoins like USDT and USDC have seen a continuous growth in market capitalization, reflecting the real demand for them in the market. Investors, whether bullish or bearish, choose to hold stablecoins while waiting for a more suitable entry point.

This is a kind of market consensus psychology that, once activated, can erupt like a torrent, making it difficult to contain.

Let me analyze this. The large funds coming in from outside are either buying BTC or buying ETH.
But if they are buying BTC, it's basically impossible to hit a landmine, and instead, they are very likely to have made a substantial profit.
So from the process of elimination, that "unlucky guy" is likely to have rushed into Ethereum!

Update on May 3
The next key date is May 7, as two significant events will occur on this day:

1. Ethereum Major Upgrade

2. Federal Reserve Interest Rate Decision Meeting

Both of these factors could have a significant impact on the market and can be seen as key signals for the entire market in May.

If Bitcoin intends to continue its upward momentum, it is very likely to start ahead of the official announcement of favorable news. Therefore, last night Bitcoin once touched 97,895, and Ethereum also briefly broke through 1,870, and is currently still fluctuating near the pressure zone of the daily and 4-hour charts (around below 1,850).

From the data, the shorts have basically been cleared, and the bulls have become the obvious main force.

A friend recently asked: Has Bitcoin entered a reversal phase?

Here is a unified answer: Not yet. It's not a reversal, but it may face further pressure. Due to the market's decreasing expectations for future interest rate cuts by the Federal Reserve, and even beginning to question whether there will be a rate cut in June, overall liquidity has not improved and may actually tighten further, especially against the backdrop of the U.S. increasing bond sales.

Currently, Bitcoin's rise is more driven by the correlation with the U.S. stock market. However, overall, the liquidity in the cryptocurrency market remains weak, particularly in the altcoin sector, which still lacks vitality.