When the market is dominated by memes
When the rotation is super fast
I would think this indicates a lack of focus in the market

Funds are not yet sufficient for a general increase
There is not enough consensus on the narrative in the market
Just spray randomly

After all, the main narrative of this bull market is Bitcoin
I think #比特幣生態 is still very important
For example, the recent boom in Bitcoin layer 2
But there are too many and we need to do some research and screening.

Another basic
It also rose a while ago, such as #DePin #RWA
It should continue to perform well

As for things that haven’t broken out yet but can be expected
Judging from some recent news
I have a feeling that a wave of blockchain games may be brewing
Maybe #GameFi will be one of the next wave of explosive tracks

Players in the currency circle always have expectations for #比特幣減半
After all, the trends of the past three halvings were very similar.
It’s hard not to hope that the fourth time will be the same

Although one of the things history teaches us is that it's the same every time
But it really might be different this time

There are two main impacts of the Bitcoin halving:
1 supply cut in half
2 The market expects the halving to bring gains

Bitcoin spot ETF passed in January this year
Everyone knows what happened after passing
These ETFs (except Grayscale) have all begun to purchase large sums of money
Buy Bitcoins from the market in large numbers

The current block reward is 900 Bitcoins per day
But at its peak, 2,800 ETFs were bought a day.
It can also be observed from on-chain data
Bitcoin holdings on exchanges are also declining
There are fewer and fewer Bitcoins in circulation

in short
Not halved yet
But Bitcoin’s supply reduction is already happening
And the impact of ETFs on this matter is much greater than the halving

Perhaps this part of the impact has been reflected in
And the influence that halving can exert will become less and less
Only the impact of market expectations remains

For currency players
This is something worth thinking about
The composition of the participants in the venue is no longer the same
Wall Street is coming
And this group of new players has great influence

The rules of the currency circle may be changing
And the influence of currency players is declining

#PINK is @Polkadot Network , the first meme coin in the Polkadot ecosystem, and probably the only meme coin, if the inscription type is not counted first.

Listed yesterday and currently on the Moonbeam & Base chain
Can only be purchased on the chain
It has increased more than a hundred times since yesterday.
The current market value has just exceeded 10 million US dollars

Market value is still small
There is a better chance of buying on the chain
There won’t be much space left when it comes to the exchange.

Currently there is information about PINK on dexscreener
If you are interested, you can check it out.

Whenever meme coins skyrocket
There will be a wave of discussions in the currency circle
Regarding whether useless coins will rise
Is it because of cognitive limitations that it limits one’s own ability to make money, etc.

I think
Is a coin stupid?
Are there any actual use cases?
Is there a long-term development path?
Of course it is related to the price
But correlation is not absolute
Most stupid coins are worthless in the long run
This does not mean that all stupid coins will be worthless in the long run.
It doesn’t mean that stupid coins won’t skyrocket in the short term.

Price fluctuations do not necessarily have any economic background.
Otherwise, economists are the best people who can make money by speculating in stocks.
This is not just a coin
The stock market and bond market are all
All I can say is that there is nothing new under the sun.

I think some people may not like stupid coins.
But there is no need to belittle them because they will definitely not rise.
But conversely
Stupid coins are skyrocketing
There is no need to praise them to the sky just because of this.
Will it go up anyway?
Is it useful to follow
They are two things that are related but have no absolute cause and effect.
But for some reason, many people in the currency circle always like to confuse this with

I originally thought that the Cancun upgrade would make Ethereum handling fees cheaper.
As a result, Ethereum became cheaper first

Since the start of fixed investment $BTC
See Bitcoin suddenly drop pin
Feeling very happy

The reason I was able to make a lot of money was because of my ability to hold my hands, not because of my ideas. It is not common to see people who can see correctly and still hold back at the same time.

─ Legendary stock trader Jesse Livermore

Ethereum Cancun upgrade today
It is said that it will be an upgrade that will be of great benefit to Layer 2.

Checked the market
layer 2 is rising
But the public chain that has surged is Avalanche $AVAX

Can anyone tell me what happened to the avalanche?

based on past experience
After Bitcoin confirms new high
Cryptocurrency Bull Market Starts

The time difference may be half a month to a month
meaning is
Maybe mid to late March or early April
Altcoin season is coming soon

Why Cryptocurrencies Are Not Well-suited to Chasing Highers
More suitable for traders on the left
Unless you're really fast

If you have experience in operating stocks
Chasing high is common
As long as the stop loss and stop profit are matched well
Follow up when the market starts or breaks through
This is a normal operation

But cryptocurrencies are a little different
Unless your hands and feet are really fast
Or paired with a trading robot
Or just play with big coins like Bitcoin and Ethereum
Otherwise, the end of chasing highs is often...

The main reason is that the cryptocurrency market is moving too fast
First, the market value of small coins is small
Shallow liquidity
It is easy to rise and fall sharply
At the same time, there is no price limit for cryptocurrency
Fluctuations are fast and large
Market reaction is too fast

There is good news
Maybe the reaction will be completed within a few minutes
There's no time to catch up

Technical linear upward breakthrough
Stock Breakouts - Backtesting - The breakout confirmation phase can last for several days
Approximately a few minutes or hours

Unless your hands and feet are fast enough
After all, most people are not great traders.
Chasing prices is not a good trading method in the currency circle.
Relatively speaking, ambush early
It’s more comfortable to be a left-side trader

If I say this is Bitcoin’s last big bull market
Do you agree?

As a market matures
Opportunities for excess profits will decrease
Expected returns will fall

$BTC has been going through a process of value discovery for more than ten years.
Since only a few people know its value
More and more people know
It wasn’t until spot ETFs were passed that they entered the investing public’s horizons.

Just start by
Then people can start to enter conveniently
Institutions, pension funds, etc. can begin to invest officially
Then maybe more and more countries will accept Bitcoin
It may even be set as part of foreign exchange reserves one day

Bitcoin spot ETF starts this positive spiral by
Let the value discovery of Bitcoin cease to be limited to the currency circle
Reaching out to the investing public
Then to large institutions and national governments

This process of value discovery can make Bitcoin soar
new high
then new high
This round of bull market is expected

But then what?
When Bitcoin has become an investment option for the public
Already in many people’s investment portfolios
It is already a mature market
Excess returns no longer exist
That’s not to say it won’t rise
But it will not rise sharply
No more exaggerated excess returns
Become a more daily financial commodity

This time Daniel started about last year
The cause is also the expectation of spot ETFs
This year continues
The reason is also the adoption of spot ETFs

Then maybe halving + interest rate cuts can continue
At the same time, more and more participants began to buy Bitcoin
Where can this round of value discovery take Bitcoin?
Anyway, it won’t be 70,000

But the point is
This may be Bitcoin’s last big bull run
Then it becomes a normal financial product
It becomes a mature market
Mad cow no more

So in the end the only important question is
So what should we do now?

Have you used Binance’s smart position bot?
In terms of long-term investment
This is a very useful tool

Even if you mainly like short-term trading
You can also configure some proportions here
Reduce risk overall
Maybe it can also increase profits

The difference between smart position holding and simple Hodl
The smart position has an automatic rebalancing mechanism.
For example, create a smart position
Of which 80% $BTC 20% $ETH
Then as their respective prices rise and fall,
The robot will automatically buy, sell and rebalance
Maintain the proportion of the two currencies at the set ratio

What are the benefits of rebalancing?
Imagine the rotation
Various currencies are rising
Rebalancing is just enough to automatically add and subtract codes during the round increase.

Imagine again
What happens if you add stablecoins to your configuration?
For example 80% Bitcoin 20% Usdt
What will happened?

When the price rises, some profits will be automatically taken.
When the price falls, it will automatically increase the amount.

All in all, it’s a good tool for long-term investment.
Although it cannot bring explosive performance
But it’s still quite useful for long-term investment holders.

Although it is strange to say this on an exchange platform
But for most people
The simplest and most direct way to improve trading performance
Just reduce the frequency of transactions

Bitcoin keeps being bought by ETFs
The daily output is not enough to buy
Bitcoin holdings on exchanges continue to decline

Although this imbalance between supply and demand will increase in the long term,
But it also means that Bitcoin’s liquidity has become shallower
Volatility will increase
The leverage ratio used in contract trading may need to be adjusted.

Grayscale plans to launch a new fund
The concept is quite interesting

#Staking

The fund is composed of several coins that can be pledged
There will be staking rewards for staking.
This will be a fund that can generate passive income

The fund name is #GDIF
Grayscale Dynamic Income Fund

It is currently expected that these eight currencies will be included
solana (SOL), Aptos (APT), Celestia (TIA), Coinbase Stake Ethereum (CBETH), Cosmos (ATOM), NEAR, Osmosis (OSMO), Polkadot (DOT), Say Network (SEI)

Has the bull market started? Or has it passed?

Based on the experience of the past few years
The Great Bull Run for Cryptocurrencies as a Whole
Usually it starts after Bitcoin hits a new high

Although the big brother Bitcoin has risen for a long time
But before we are sure to reach a new high
According to past experience, the bull market has not yet begun.

But this is based on past experience
The Bitcoin spot ETF actually changed this matter to a great extent

Spot ETFs bring a lot of Wall Street money into the market
How much?
In the past few days, the trading volume of spot ETFs has approached or even exceeded Binance’s trading volume.
It means that the participants in the venue are very different from those in the past.
Of course, market trends and logic may also change as a result.

Although a large amount of money entering the market brings expectations for high prices,
Expectations for bull market gains
But he also said that the future currency circle will become more and more complex.
increasingly unpredictable
Past experience is increasingly useless as a reference

but
That's what makes it fun, right?

And I think the trend is still clear
It’s just that the ups and downs in the process will become larger.

Meme Coin Spray
$DOGE $SHIB $MEME

Doomsday chariot?

The most guilty moment for people in the currency circle
Bitcoin spray spray
Well, the whole currency circle is excited
But looking at my investment portfolio, I don’t seem to be making any money.

If you start buying on that day #比特幣 69000
Buy like a fool at the highest price in history
What will happen if we continue the regular monthly quota until today?

I just used a trial calculation tool to calculate
Bitcoin all-time high price of $69,000
It is on the day of 2021/11/10
Then it crashed all the way to 15,000

It has only risen back to around 56,000 today.
There is still a long way to go before the highest price

Even if you enter the market on the day of the highest point
Continuous monthly fixed quota purchase
Total investment performance to date is approximately 98%
"Continue to buy" is the wealth password of Bitcoin

This is a weekly report on the flow of cryptocurrency funds fixed by the institution #CoinShares

The data focuses on fund flow statistics in markets such as cryptocurrency ETFs, ETPs, mutual funds and trusted over-the-counter transactions.

Because those who use such products are usually not people in the currency circle but traditional investors or investment institutions. They are mainly used to evaluate how much external funds have entered the currency circle. Some of these products are only open to qualified investors. Qualified investors are usually institutions or professional investors, not ordinary small retail investors, so some people will use this data to judge the entry status of institutions.​

In short, it is a weekly fund flow report that can be used to judge the status of "foreign currency qualified investors entering cryptocurrency".

Adding up the weekly reports for the past seven weeks, there have been a cumulative net inflow of $5.5 billion in the past seven weeks since the ETF was passed in January, almost all of which went into Bitcoin.

Generally speaking, the capital transmission in the currency circle will be like this: external funds enter the market and flow into Bitcoin, so Bitcoin will rise first. Of course, during the process, some original Bitcoin holders sold their coins to external funds. After they got the money, they couldn't sit still. They would look for the next investment target. Then they would look at the narrative at the time. If there is a narrative, buy the narrative. For example, AI, Depin, or BNB Launchpad, there is no narrative to buy blue chips, such as ETH, DeFi old leader, so the second wave will be high-quality projects or potential projects taking over the rise.
​

This is just a rough idea. In fact, there are medium cycles within large cycles, and small cycles within medium cycles, which will also be bombarded with various new news. But in short, the core remains unchanged is that new external funds must flow into the currency circle. It may lead to the overall big bull in the currency circle.
​

Is accumulating US$5.5 billion enough? Of course not enough ~

In the future, we must continue to observe the flow of funds. The gold-absorbing trend of Bitcoin ETF must be sustainable and cannot just be popular for a few weeks.