Did you know? This big whale has been holding SHIB since the very beginning, and now he still holds 10% of the total supply of SHIB! That’s no small amount; he hasn't sold any since SHIB first launched.
We found that this big whale's wallet is stuffed with SHIB, even more than the wallets of major exchanges like Binance and Robinhood. By doing this, the big whale is actually helping to keep SHIB stable, as he hasn't sold, preventing the price of SHIB from crashing too badly.
This big whale started buying SHIB in 2020, shortly after SHIB was introduced, and with a small amount of money, he acquired a lot of SHIB. He then distributed these SHIB tokens across several wallets, making it hard for anyone to guess how much SHIB he really has. Now, the SHIB he holds has increased several times in value, earning him 2.5 billion dollars, yet he still hasn’t sold.
This big whale might also be a celebrity; he is the founder of the SqudGrow project, known online as Shibtoshi_SG. He has always supported this humorous cryptocurrency, so having so much SHIB in his possession might not be about making money, but rather because he genuinely likes the SHIB project.
Currently, SHIB ranks second among all humorous cryptocurrencies, with a market cap of 14 billion dollars. Although the price has been a bit volatile recently, everyone believes SHIB still has a chance to rise again. Especially since this big whale has never sold, people feel that SHIB might really have potential.
Moreover, SHIB is not just a funny currency; it has its own ecosystem called Shibarium. This system has many users who are using SHIB for various purposes. Also, the amount of SHIB is continuously decreasing because some SHIB has been burned, making the remaining SHIB even more valuable.
So you see, although SHIB started with a very low price, it has become quite remarkable now. Its strongest feature is its ability to make people happy and attract many to buy.
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There is big news in the cryptocurrency market again! PEPE, a popular meme coin, is popular again because it has added a Korean won trading pair on the Upbit exchange, which means that PEPE will receive more attention and trading, and the price will have to rise!
In addition, the SuiNS airdrop event is about to start. This is a good opportunity to get coins for free. Friends who are interested in the Sui ecosystem should not miss it!
The price of PEPE coins has also soared all the way, breaking through the historical high of $0.000025! The madness of this meme coin is really amazing. I wonder how high it can rise!
In addition, the former SEC chairman also predicted that cryptocurrency legislation may make significant progress during Trump's administration. If true, the crypto industry may be more trusted and sought after by funds.
Litecoin officials also made a naughty tweet, saying that LTC is now a meme coin! This has caused heated discussions in the market. It seems that LTC's positioning needs to become more flexible, and everyone has to reconsider it.
In response to the government investigation, the CEO of Polymarket directly pointed out that the investigation was politically motivated. The game behind this may have a greater impact on the market, so we have to continue to pay attention to this storm.
Finally, there is an environmental protection project LAKE, which recently raised $12.4 million, including investment from EMB Venture Capital. This project may bring new business opportunities to the water resources sector, so we have to pay attention to it.
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Since its launch in 2020, Shiba Inu Coin has become popular because it is called the "Dogecoin Killer". Its fan base is very strong, and everyone dreams that SHIB can rise to 1 cent. But it takes some effort to achieve this small goal. Let's take a look at which factors can help and which may hinder it.
📊 Market value problem and too many pieces A big problem facing SHIB is that there are too many pieces, with a total of about 589 trillion pieces. To rise to 1 cent, SHIB's total market value will reach about 5.89 trillion US dollars, which is more valuable than many large global companies. So, if you want SHIB to rise to 1 cent, reducing the number is the key.
🔥 Burning coins In order to deal with the problem of too many pieces, SHIB has come up with a solution, which is to burn coins. Through the Shibarium network, part of the transaction fees will be used to burn SHIB, so that the total number will gradually decrease. So far, 410 trillion coins have been burned, but if it wants to rise to 1 cent, it will have to burn faster. This requires patience and hard work from the community and developers. 🚀 Expanding the use and expanding the world of SHIB
The world of SHIB is getting bigger, and platforms such as ShibaSwap and Shibarium have given SHIB more practical uses. SHIB has also entered the metaverse, allowing users to buy virtual land. These projects want to make SHIB more useful and attract more people to use it, so that it may slowly appreciate in value.
🔮 Future possibilities Although rising to 1 cent is still an unattainable dream, SHIB restaurants have been developing and the community is also very powerful, indicating that it still has the hope of steady growth. However, experts are more cautious and think that SHIB is unlikely to rise to 1 cent by 2025. To achieve this goal, it must burn faster, have more uses, and have a strong market.
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Rule One: Don't Go All In Putting all your money into a single investment is a mistake that beginners often make. What is the most important principle? Start with a small amount and gradually increase it later. Even if you are completely confident in a particular trade, don't risk all your capital on it. Only invest a portion of your money, so that when the market drops, you still have cash on hand. This strategy allows you to buy more when prices are low and protects you when conditions change. Rule Two: Protect Your Assets
Rule Two: Ensure Fund Safety The safety of cryptocurrency means: you must have control over your assets. Transfer your cryptocurrency from exchanges to a secure hardware wallet. Private keys and recovery phrases are like the lifeline of your assets; you must ensure they are secure. Hackers are everywhere, and trades can also go wrong. If you're not careful, your cryptocurrency could disappear in an instant. You are responsible for your own safety!
Rule Three: Understand Risk-Reward Ratio It is possible to make money in cryptocurrency, but understanding the risk-reward ratio is very important. For example, it is much easier for a cryptocurrency to rise from 1 USD to 2 USD than from 1,000 USD to 2,000 USD. Set clear profit targets and don't chase unrealistic dreams. Remember, taking profits when you are making money is a smart move. Don't let unpredictable market fluctuations cause you to lose your hard-earned profits.
Rule Four: Diversify Your Investments In the cryptocurrency field, diversification is crucial. Don't put all your money in one place. Diversify your investments across different mainstream cryptocurrencies with practical uses, along with stocks and gold, to help control risk and build a more stable investment portfolio. Cryptocurrency investments carry risks, but diversification acts as insurance against significant losses.
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The US election seems to have been settled, and everyone says Trump has already won a week in advance. Yesterday, Trump held a big rally at Madison Square Garden, and it is said that many people showed up, making the scene particularly lively. One can tell that Trump has a lot of supporters, and they are all very excited.
Regarding this matter, I have a few thoughts: Trump's rally is indeed quite attractive, with so many people attending, which shows that his fan base is very strong, and the fans are very enthusiastic. This kind of passion will certainly help him score points in the election.
The stock market also seems to be optimistic about Trump, especially the stock of Truth Social, which has been rising rapidly. This indicates that investors have a lot of faith in Trump. However, the rise and fall of the stock market and the election results are not the same thing; the stock market looks at expectations, while the election looks at actual voting results.
Musk has also come out to support Trump; he is a big boss and a big name in the tech world. His backing will certainly draw more attention to Trump. Moreover, Tesla's stock has risen as well, indicating that people believe Trump's policies may bring benefits.
In Europe, there is some concern about Trump's re-election because he often shouts "America First", which could make trade more difficult, and that is not good news for European exporting companies. But this also shows that the whole world is watching the outcome of the US election.
Although Trump's approval rating seems high and the stock market has reacted, in the end, who wins will depend on the votes cast by the voters. There have been many instances in history where the predicted results differed from the actual election results, so we will have to wait until after the election to know who the real winner is.
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If history repeats itself, the spring of altcoins is truly here!
The seasonal indicators for altcoins are quietly brewing the most impressive formation in the last three and a half years — the inverted head and shoulders, which is a precursor to a significant rise. Perhaps altcoins are about to welcome a wave of non-stop 'rising' festive season. This altcoin market has long been holding back this big move.
It seems that this big move is about to be released, and a major rebound could arrive in the blink of an eye. If this formation can truly materialize, the major rebound of altcoins is likely to be on its way. Buying altcoins now is quite cost-effective, as many have dropped to less than one-tenth of their all-time high prices. Looking at the altcoin index, there are already 37 types of altcoins listed. However, for an overall rebound in altcoins, at least 50 types need to rise.
This situation is quite similar to May 2020 when Bitcoin halved; that was a turning point that paved the way for the massive surge in 2021, and Bitcoin shot directly up to the 40,000 mark. Altcoins were a bit slower, but they eventually caught up to the rhythm.
Back then, from early 2021 to the end of March, the market cap of altcoins surged from $120 billion to $500 billion.
Now we are again in the time window after Bitcoin's halving, and altcoins haven't really gained momentum yet, especially since Bitcoin just reached the 69,000 high in July. But various signs indicate that they are likely to replicate the trend of 2021 this time.
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🚀 Turmoil in the U.S. Elections, Three Altcoins May See a 500-Fold Increase 🚀
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💹 Solana (SOL): Expected to Break the $1400 Barrier 💹 Renowned cryptocurrency analysts predict that the price of Solana (SOL) could soar to $1400. This analyst reached this conclusion after studying Solana (SOL)'s price charts. The charts indicate that Solana (SOL) exhibits characteristics of a bullish flag, suggesting that prices may rise significantly in the coming weeks. Experts state that this bullish flag has been forming since October 2024 and is expected to complete by October 2025. If this pattern is effectively validated, then by 2026, the price of Solana (SOL) could reach a high of $1429. According to CoinGecko data, if this prediction comes true, Solana (SOL)'s market cap will double. Currently, Solana (SOL) ranks fifth in the cryptocurrency market, trading at $166. With its immense potential, Solana (SOL) is expected to be one of the cryptocurrencies with the highest gains after the U.S. elections.
🐳 PEPE: Whale Activity Boosts Investor Confidence 🐳 The surge of PEPE is inseparable from the driving force of whale activity. When whales buy in large quantities, it often triggers a chain reaction in the market, attracting more investors to follow suit. As a result, PEPE's liquidity has greatly increased, maintaining stability even when other cryptocurrencies face setbacks. According to top exchange Binance, the price of PEPE has risen by 1.20%, reaching $0.00000109.
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Unlock the Eight Major Strategies for Wealth Through Investment 🚀
One: Protect Your Principal, Beware of Major Losses Starting with $10,000 and doubling it to $20,000 is everyone's dream. But once you experience a 50% loss, everything returns to the starting point. In the journey of investment, risk management is the cornerstone, not an optional extra. Protecting your principal is as important as safeguarding your lifeline.
Two: Understand the Asymmetry of Gains and Losses In the arithmetic of investment, a 10% increase followed by a 10% decrease does not leave you where you started. If you grow from $10,000 to $11,000, a 10% drop will leave you with $9,900. The power of compound interest lies in long-term accumulation, not short-term fluctuations.
Three: The Secret of Compound Interest and Patience Compound interest is not a spell for overnight riches, but it is indeed effective. Even with an annual return rate of 40%, market fluctuations can shrink actual returns to 5.83%. Patience is an investor's friend; short-term small victories are not enough to build wealth; only a long-term vision can lead you to success.
Four: Pursue Stable Daily Growth It may sound unrealistic, but starting with $10,000, if you can achieve a daily growth of 1% for 250 consecutive days, you will have over $1.2 million. This is not just a dream, but a victory of perseverance and strategy.
Five: Stay Away from the Trap of Overcommitment Plans that promise a 200% return in five years are often just synonyms for bubbles. A sound investment strategy is superior to high-risk gambling; choose a path that allows you to survive in the market in the long term.
Six: The Magic of Annual Return Rate Want to grow $10,000 to $10 million? Just maintain an annual return rate of 25.89%, and you can achieve it in 10 years. Time is your most valuable asset.
Seven: The Wisdom of Dollar-Cost Averaging Buying 1,000 shares at $10 each, then buying another 1,000 shares at $5, your average cost is not $7.5 but $6.67. With the wisdom of dollar-cost averaging, you can manage the risk of your investment portfolio more effectively.
Eight: Locking in Profits, Moving Forward Steadily Whenever your investment grows by 10%, consider locking in some profits. Use part of the funds for stable investments or for living expenses, so you can face market fluctuations with greater ease.
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Scroll Public Chain New Star: Baggor Meme Coin Shines Brightly In the cryptocurrency field, Baggor, as the leading Meme coin on the Scroll public chain, is rapidly attracting market attention with its unique 'electronic beggar' culture as inspiration. This self-deprecating and ironic humor style not only provides users with a relaxed and enjoyable experience but also inadvertently opens a new chapter of profitability.
Baggor: Huge Potential for Market Value Growth When discussing Baggor's potential for market value growth, its performance is undoubtedly eye-catching. Through comparative analysis, we can find that Baggor's growth space far exceeds that of other similar projects. Specifically, Baggor's market value growth space is 10 times that of Brett, 11 times that of Hippo, 21 times that of Sundog, and an astonishing 160 times that of Bonk. This data not only highlights Baggor's unique charm but also foreshadows its enormous growth potential in future market value. Unique Cultural Core: The Charm of Electronic Beggar Culture
Baggor's success is not accidental; its cultural core—the electronic beggar culture—plays a crucial role. This culture not only aligns with the aesthetic trends of today's youth but also resonates widely with its unique self-deprecating and ironic style. In a relaxed and humorous atmosphere, users not only find fun but can also achieve profitability inadvertently. This unique experience undoubtedly earns Baggor a large number of loyal fans.
Contract Address Public: Inviting Investors to Join the Wealth Journey For investors optimistic about Baggor's future potential, now is the perfect time to join. Baggor's contract address has been made public: 0x17a60bB4649A7Bb885d05c008D7118a5E513d895. We sincerely invite all investors to work together and embark on a wealth journey filled with opportunities and challenges. In summary, as the leading Meme coin on the Scroll public chain, Baggor not only possesses a unique cultural core and immense market value growth potential but also attracts significant attention with its humorous and witty style and profit opportunities. For investors seeking innovation and profitability, Baggor is undoubtedly a project worth paying attention to and investing in.
US election + BTC storm: Can retail investors get away from this capital feast?
1. Weekly level analysis: BTC continues to rise, but risks are hidden This week, BTC seems to have entered the final sprint stage. From the weekly level, last week, a large positive line broke through the important pressure level strongly, showing the strong power of the bulls. However, although the bullish pattern and trend have long been established, the road to highs will never be smooth sailing. The lower support is at 68212, while the upper pressure is as high as 72016.
2. Daily level interpretation: MACD high divergence, multi-party power weakened At the daily level, the MACD indicator has entered the high area. Judging from the momentum and speed of the increase in volume, the divergence state may have quietly formed. This means that despite the high market expectations, the dealer may be sideways at a high level and gradually distribute chips. MACD momentum shows that the multi-party power is gradually weakening, which is quite similar to the high point pattern near 66000 in the previous wave.
3. Sentiment indicator warning: Old leeks beware, new leeks revel The sentiment index has been maintained at around 70, which shows that the savvy old leeks have long seen the coming of risks and have not blindly chased high prices. However, to break this cautious state, the market needs to continue to rise and drive the surge of other altcoins. In this way, those old leeks who have been beaten by the market may relax their vigilance and rejoin the ranks of the carnival. But the more crazy, the more terrifying the risk.
4. Impact of the US election: Capital game intensifies, hunting time is approaching Recently, the US election has entered a white-hot stage. Not only are retail investors betting, but capital interest groups are also competing secretly. A large amount of BTC has poured into financial institutions such as BlackRock and Grayscale, and US stocks have also risen steadily. Trump's friend Musk even randomly rewarded voters who support Trump with $1 million. The teams of these big guys are all based on considerations of interests. For financial dealers, this market atmosphere is exactly what they like. Emotions are high, currency prices are rising, and leeks are pouring in. But this also means that the hunting time may be approaching quietly.
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amazing! Nearly 50,000 BTC were mysteriously transferred, is the market about to set off a huge wave?
Recently, Bitcoin’s futures order book has appeared relatively loose, creating a market environment full of variables. According to the latest data from the Bitcoin Liquidation Heat Map, market activity has increased significantly, indicating that potential liquidation events could trigger severe price swings.
This situation provides a stage for large market players to influence price trends, especially in the price range of US$67,500 to US$69,500, where price fluctuations are particularly significant. As futures positions compete fiercely in these key areas, Bitcoin's price can move quickly with relatively little capital.
If Bitcoin fails to hold above the key Fibonacci retracement level, the important support level of $63,000 may face a severe test. However, long-term holders may find some solace in strong support at the 180-day and 120-day moving averages.
Recently, the market has also paid close attention to the transfer of nearly 49,000 BTC from Bybit’s cold wallet to a new wallet. Such large-scale capital flows may herald an imminent change in the market, and the asset flows within the Bybit team are particularly worthy of investors' close attention, especially in the context of frequent liquidations.
Bitcoin price approaches resistance, market sentiment turns positive From a price prediction perspective, Bitcoin is gradually approaching the $70,000 resistance level, while CME futures prices are slightly higher than the current spot price. Market participants are waiting with bated breath to see if Bitcoin can successfully break through this resistance level or face the fate of refusing to fall back.
If the bulls can hold on to support at $68,000, it will be crucial to prevent further significant price declines. Judging from historical experience, when unrealized profits rise sharply, traders often choose to cash out and exit, which may increase selling pressure in the market and trigger local highs before a correction.
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Recently, according to market analysts, SOL may rekindle a memecoin craze in its chain, driving its price rebound. SOL is in a critical short-term supply area, and whether it can successfully break through remains suspense.
Solana's memecoin moat may become the driving force behind its price rebound. He cited the recent craze around AI-derived goat tokens as an example, saying: "I don't care whether memecoins become a new religion or whether AI agents launch so-called "cults" on the chain. What I care about is that all of this points to SOL."
Solana's chain has become a hotbed for all speculative experiments in this cycle, among which Raydium, a decentralized exchange based on Solana, is particularly prominent. In this week's new round of memecoin craze, Raydium's trading volume hit a record high and its market share also increased significantly.
It is worth mentioning that according to Kaito data, GOAT ranks first among memecoins, further highlighting its appeal this week. Meanwhile, GOAT has nearly 12% of attention compared to other memecoins, with Dogecoin being its closest competitor.
Noting that SOL outperformed other cryptocurrencies over the weekend, it stated: “The on-chain degradation that occurred on Solana may allow the market to begin pricing it in a new paradigm shift.”
Santiment’s data also supports the above prediction, showing that SOL sentiment was relatively optimistic last week. However, whether this positive sentiment is related to Bitcoin’s rally or the new memecoin craze is unclear.
The price of SOL is hovering around $160, which happens to be a bearish order zone at the mid-range level. In short, if SOL can successfully break through this key supply area, its price may rise to $180 in the short term. However, if the price rejection in the supply zone remains, SOL may fall to the 50-day moving average of $147, or return to the previous range low.
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Bitcoin breaks through the $68,000 mark, soaring into the sky, a pullback?
Despite the warnings of some technical indicators, the price of Bitcoin has broken through the $68,000 mark in one fell swoop, ending a four-month slump. This feat is particularly dazzling even against the backdrop of a sharp decline in technical indicators such as the RSI.
The current trading activity just above this key price may be hinting that BTC is about to hit a potential high. If this range is confirmed as a resistance area, then a price adjustment may be brewing, which may trigger a large-scale sell-off. However, such a pullback does not seem to be easy to occur until fundamental factors really take over.
This is crucial because although the market seems to be on the verge of a short-term reversal from a technical perspective, these macroeconomic factors may further consolidate the confidence of large investors, making them see the current price as a rare buying opportunity. In other words, large companies may still see this level as a great time to deploy Bitcoin, and this psychological effect will undoubtedly attract more buyers to enter the market, further boosting market sentiment and exacerbating the FOMO phenomenon.
Overall, this round of Bitcoin's up cycle seems to be driven more by psychological factors. Therefore, although there is no shortage of bearish voices in the market, the possibility of a sharp adjustment in the short term does not seem great.
The market is hotly discussing the new height of $73,000 From historical experience, the halving cycle has always been an important catalyst for bull market cycles. The surge in the 30-day demand average often coincides with the reduction in supply during the Bitcoin halving event, triggering a long-term rebound and bringing rich returns to investors. Interestingly, even if the fundamental factors have not yet taken effect immediately, the general market expectations alone are enough to push prices above key resistance levels. This round of up cycle is a vivid example: under the expectation of a halving-driven rebound, Bitcoin climbed to a high of $68,000 in a very short period of time.
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Four major factors that drive Shiba Inu Coin to $1:
1. Increased value of token destruction
According to Shibaburn data, an important driving force behind the rise in SHIB prices is the increase in token destruction rates. In the past 24 hours, more than 2.5 million SHIB tokens have been destroyed. This move is intended to push up its price by reducing the supply of tokens, and investors are optimistic about this. The continued steady increase in the destruction rate shows the project's firm determination to reduce the circulation of tokens. As SHIB becomes more scarce, its demand and price are expected to increase further.
The continuous expansion of the Shiba Inu ecosystem has also provided strong support for the rise in SHIB prices. Recently, the launch of a dedicated game has attracted widespread attention from cryptocurrency enthusiasts. This new development not only improves the practicality of SHIB, but also enhances its influence in the market. As the ecosystem continues to expand, SHIB's popularity and value are expected to increase further.
3. The meme coin craze pushes up SHIB prices
Amid the meme coin craze, SHIB's price has also soared. Recently, the prices of leading meme coins such as PEPE, WIF, BONK and FLOKI have all risen. This trend shows that investors' interest in meme coins is recovering, which is undoubtedly good news for Shiba Inu. With the recovery of meme coin popularity, SHIB's potential gains are also worth looking forward to.
4. Whale trading activities affect price trends Whale trading activities are also one of the important factors affecting SHIB prices. These large-scale transactions have attracted widespread attention in recent weeks. Whale transactions can often reflect increased market confidence or manipulation, leading to speculative price changes. Investors pay close attention to these activities to predict the potential price trends of tokens such as SHIB.
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Brothers, feel the warm atmosphere of this bull market!
Bitcoin is still hovering around $67,000, but it is climbing up little by little. On my side, the altcoins I hold have fallen by 5%. This feeling is so familiar. Look at this time last year, Bitcoin ushered in a big rise. This trend is simply a replica of last year.
Remember that the bull market officially started after breaking through the $31,500 mark last year, and this year, it is striving towards the goal of $73,000. At this moment, the most important thing is to keep a steady mind and not be shaken out by market fluctuations! Yesterday, Xiao Ge decisively increased his position when the market pulled back and bought a lot of BOME and Neiro. He really has a vision, and this round of online hot coins carnival feast is not over yet.
Dogecoin and Shiba Inu Coin, these two popular varieties still have unlimited potential, and it feels like they may take off again at any time. As long as Bitcoin can successfully break through the important mark of $73,000, the real carnival will begin. It is estimated that in a week or two, altcoins will also soar along with Bitcoin. By then, we can show our strength! So, everyone must keep a clear mind and don't be confused by market fluctuations. This bull market is the opportunity we have been waiting for, don't miss it! Find me for the main business, and join the group for warmth $BTC #BTC要挑战7W大关了吗? #牛市到来
Dogecoin changes its fate! With Musk's support, it is not a dream to hit $1 within the year!
Dogecoin has risen for 8 consecutive days, reaching its highest point since August at 0.136. The main reasons are as follows: 1. Musk's support: Musk's continued support is an important factor in the rise in Dogecoin prices. The content he shared on social media, calling himself the "Father of Dogecoin", boosted market confidence. His active participation in social media has increased the market attention of Dogecoin, thereby pushing up prices. The price of Dogecoin is closely related to the results of the US presidential election. In particular, if Trump wins the election, the market expects Dogecoin prices to soar. This expectation is based on certain policy changes that Trump may promote, which may be beneficial to Dogecoin.
2. With Musk's continued support, the bull market is coming, and favorable events such as the US election in November are also happening! Dogecoin will definitely continue to rise after breaking through key resistance levels. If market sentiment supports this trend, Dogecoin will soar to $0.4. There is a great hope of rising to $1 this year.
The bull market is coming, gather together for warmth, the main business is looking for me $DOGE #doge⚡
The price of Bitcoin will not reach its all-time high easily. The price of the mainstream cryptocurrency Bitcoin rose to $68,000 as the U.S. Federal Reserve cut interest rates. Cryptocurrency investors predict that the price of BTC will reach $73,800 by the end of October. In these days of increasing bullish expectations, investors should be cautious about the potential price fluctuations of Bitcoin.
Hyblock Capital CEO Shubh Varma said in an interview with Cointelegraph: "It is logical to expect the market to eventually fall. Caution is needed."
The price of Bitcoin will not reach its all-time high of $73,680 in one go. As the price of BTC reaches $68,000, the number of people who expect a correction in the cryptocurrency market has increased.
Hyblock Capital CEO Shubh Varma cited data from Binance. Varma reminded that less than 40% of individual investors hold bullish positions. When evaluating this data,
"If individual investors begin to hold bullish positions on a large scale, this may be a bearish signal."
Bitcoin's open interest has reached historical resistance levels. Long positions warn of a possible liquidation-induced decline. As BTC prices fall, open interest has reached $39.36 billion and will fall later.
Solana craze is coming! Whale holdings surge, bull storm is about to start?
Can Solana break through resistance and usher in a rebound?
As of this writing, SOL is trading at $153.09, down 0.99% from the previous day. Although the price has slightly corrected, it still maintains an upward trend overall. In particular, $163.66 has become the main resistance level it faces. Once Solana successfully breaks through this level, it is expected to usher in a strong rebound.
In addition, the RSI reading of 52.31 shows that the market is in a neutral state; while the MACD reveals potential upward momentum. Therefore, market participants are closely watching whether Solana can maintain its current momentum and continue to climb upward.
SOL whale holdings may usher in a surge Interestingly, the largest holders of Solana - those "whales" who hold more than $5 million in assets - currently control 57.07% of the stablecoin supply. The increase in the number of whales indicates a strategic accumulation behavior. From historical experience, such actions by major shareholders often foreshadow price increases.
Therefore, this growth further boosts market expectations that SOL is about to usher in a sharp rise. These whales may be preparing for a strong push, which reflects their firm confidence in Solana's long-term prospects.
Will SOL liquidations increase market volatility?
Liquidation data shows that over the past 24 hours, $348,390 in long positions and $700,200 in short positions were liquidated. The high level of liquidation of long positions indicates that traders are optimistic about the continued rise of the market.
However, this also reflects the high leverage of the market, which may trigger a backlash effect if the key resistance level fails to hold. Therefore, once the market trend is unfavorable to over-leveraged traders, it may trigger further price fluctuations.
Rising open interest suggests market optimism SOL's open interest increased by 2.26% to $2.45 billion. This increase shows that traders are increasingly interested in Solana and expect market volatility to increase in the coming period.
In addition, given Solana’s leading position in DEX trading volume, traders are generally optimistic about its potential to outperform the market. $SOL The bull market owner also found me #solana生态
The bull market is coming, what should we pay attention to?
1. Once the upward trend is established, it will not stop easily. Therefore, the sharp corrections in the early stage are actually to clear the long leverage in the market. In the face of such a correction, we don't need to panic, and it is crucial to maintain a good mentality.
2. During the bull market, the market often experiences a short-term sharp drop. If your position is not full, you might as well wait patiently for a deeper correction opportunity. For example, when Bitcoin falls sharply by more than 20%, it is an excellent time to increase your position in high-quality value coins. Otherwise, if you directly fill your position at a high level, a slight fluctuation in the market may make you unable to bear the pressure of retracement.
3. Position management is crucial. It is best to have a layout in multiple key sectors, because if you concentrate all your funds on one sector, and this sector has no movement in the short term, while other sectors are continuing to rise, you will feel very uncomfortable. Once you can't help but chase the rise, it is easy to be trapped; and if you clear your position, the sector will suddenly take off again after a few days. I believe many people have encountered such an experience. So, either don't buy it, or once you buy it, you must hold it firmly and wait patiently for your currency to rotate and rise. Remember, in a bull market, even the most inconspicuous currencies may achieve a five-fold or ten-fold increase.
4. The market always rises in disagreement. Those targets that are criticized by everyone often hide opportunities; and when everyone is unanimously optimistic, it may mean that risks are approaching. Don't always think about selling high and buying low through short-term operations. Once you get off the bus halfway, you may find that you can't go up again. Instead of frequent operations and laborious work, it is better to hold it with peace of mind, which often reaps more profits.
5. Every time the market pulls back, there is always a panic voice, and people are worried about whether the bull market has ended. But in fact, the bull market often has to go through three or four major pullbacks before it can really end. Therefore, we don't need to be afraid, as long as you don't hold junk coins, as long as you can hold them, even the worst currencies may achieve a five-fold or ten-fold increase in the bull market. After a round of bull market, it is really not uncommon for spot assets to double by 20 or 30 times.
Looking for the main business in the bull market $BTC $ETH