The total number of bitcoins is limited to 21 million, and about 3.7 million have been lost, which means that there are only about 16 million of the #比特币 actually in circulation on the market. In addition, large institutional holders such as MicroStrategy hold a large number of bitcoins, and even if they occasionally sell them on a small scale, the impact on the market is relatively limited. Therefore, the tight supply of Bitcoin is almost a foregone conclusion. If Trump pushes for the passage of the Bitcoin Strategic Reserve Act after taking office, it is likely to trigger a series of imitations from many countries. Once sovereign funds from various countries join the rush to buy, the supply and demand relationship of Bitcoin will be further intensified, thereby driving its price soaring. As for the specific increase, no one can accurately predict it at present. However, in the long run, Bitcoin has the potential to achieve a 10-fold growth in the next 5 to 10 years. As long as the economy remains stable and there is no recession before 2025, Bitcoin is expected to usher in a long-term bull market as bright as gold during Trump's four-year term in office. #比特币价格

Tight #币安合约锦标赛
#IO
#比特币价格

Zi Ji's trading is still on the road to recovery

After falling for several days in a row, all the altcoins have a mentality of stopping the decline and attacking, but they are also suffering from the situation of no leader. The potential energy was released yesterday. I don't know if there will be a big decline.

I just opened a short position in omni and it exploded. IO opened a long position.
In this situation, we have to follow the trend of the big cake and the second cake.

#币安合约锦标赛

🔍 In August, the computing power of Bitcoin miners increased, but the miners’ income hit a new low! 🚨

Recently, there have been some noteworthy changes in the Bitcoin mining community. First, although the computing power of Bitcoin miners increased in August, the price of Bitcoin did not rise significantly, which caused the profits of miners to fall to record lows in the first half of August.

If this trend continues, those mining companies that mismanage their funds may be at risk of being eliminated. Some market analysts also believe that as less efficient miners gradually withdraw, it may pave the way for the next round of rise in Bitcoin prices.

In addition, it is worth noting that U.S. Bitcoin miners currently account for 26% of the global computing power, a proportion that has reached a record high in the U.S. Bitcoin mining industry. As the presidential campaign promotes Bitcoin-related issues, the US market is expected to become more friendly towards cryptocurrencies. Coupled with the increase in hash rate this month, it is predicted that the United States will account for 10% of global Bitcoin mining in the future. Share is also likely to continue to grow.

However, the decline in miner income may also bring some knock-on effects. For example, since the Bitcoin halving, the output of new coins has decreased. If the currency price continues to not rise, miners' profits will be greatly discounted, which makes miners with poor financial conditions face greater operating pressure. Although we have discussed the possibility of mining company closures before, we have not yet seen large-scale miners exit the market.

Therefore, the next few weeks will be very critical, and we will need to pay close attention to whether there are any news about the collapse of large mining companies because they cannot continue to operate. If this happens, the Bitcoin market may be at risk of one last major decline, which is a key factor that all investors need to pay attention to.

💬What are your views on the decline in Bitcoin miner income and the increase in US miner computing power? In the current market environment, do you think investors should buy aggressively or appropriately adjust their investment strategies? Share your views in the comment section!

#比特币矿工 #加密货币动态 #比特币价格 #投资策略

Bitcoin struggles at $60,000, lower exchange reserves bring hope to bulls

Bitcoin is now struggling to break through the $60,000 mark, but it seems to be under some pressure at the moment. Despite this, there are some positive signs in the market that make investors who are bullish on Bitcoin optimistic.

First, although Bitcoin's current price has lost about 10% from last Friday, China's Bitcoin exchange reserves have fallen to a new low for the year. This may mean that Bitcoin in the market is being moved to safer places, such as cold wallets, rather than in exchanges.

This trend shows that more and more investors are choosing to keep Bitcoin themselves instead of keeping it in exchanges. This will reduce the selling pressure in the market, which may drive Bitcoin prices higher if demand continues to rise.

At the same time, long-term holders have added 262,000 BTC to the supply in the past 30 days. They now control about 14.82 million BTC, accounting for 75% of the total supply. This shows that despite some market volatility, many investors still choose to hold Bitcoin in anticipation of future price increases and the rich returns it brings.

In addition, according to CryptoQuant data, the profitability of miners (that is, the hash price) has now dropped to a very low level. Historically, this situation usually means that the price of Bitcoin is close to the bottom. Therefore, this may be a good time for investors to buy, and it may even help the market rebound.

In general, although Bitcoin has not yet broken through $60,000, some signs in the market still give long-term investors some hope.

Where do you think the price of Bitcoin will go? Leave your opinion in the comment area!

#比特币走势 #交易所储备 #比特币价格 #6万美元关口

📉 With inflation data low and expectations of a Fed rate cut rising, how will Bitcoin prices react?

📈 The latest CPI report reveals slowing inflation! The CPI inflation report released on Wednesday showed that the consumer price index achieved the lowest increase since March 2021. The market reacted quickly to this, and Bitcoin prices fell shortly after the report was released.

🤔 Buy the rumor, sell the news? Bitcoin spot prices rose sharply on Tuesday and continued to rise on Wednesday morning, but with the release of the CPI report, BTC prices fell back to $58,000 that day. Economists had previously expected inflation data to fall, which is consistent with the results of a Dow Jones survey of economic analysts.

🎯 Does the CPI report affect the Fed's decision? Jim Baird, chief investment officer of Plante Moran Financial Advisors, pointed out that inflation pressures have been greatly reduced at present, and the market generally expects that the worst is over. Baird believes that given the weakness in the labor market and the rapid decline in inflation, it will be a surprising decision if the Fed does not start to ease policy at the September meeting. This could be a sign of a major setback for financial markets!

💰 The view is that the decline in inflation indicators provides sufficient reason for the Federal Reserve to cut interest rates later this year, which is expected to be as early as September. History shows that when the Federal Reserve lowers interest rates or hints at lower interest rates, Bitcoin prices tend to rise. This is due to supply and demand and the fixed supply characteristics of Bitcoin!

🚀 Bitcoin's supply cap is fixed at 21 million, and the issuance volume is halved every four years, which naturally forms the phenomenon that Bitcoin prices are inversely proportional to US dollar interest rates. At the same time, the fluctuations in BTC prices before and after the release of the latest inflation data are a reflection of this law.

💬 Do you think the Fed's interest rate cut will have an impact on Bitcoin prices? Feel free to share your views in the comments section!

#比特币价格 #CPI报告 #美联储降息 #通胀数据 #市场反应

📉Bitcoin briefly drops below 67K, is the dream of new highs shattered? 🤔

Last night, the price of Bitcoin briefly fell below the $67,000 mark, raising concerns among many about whether the upward trend of Bitcoin is about to pause.

During the European trading session last night, sellers suddenly took action, pushing the price of Bitcoin down significantly. As a result, over $200 million in derivatives were liquidated, and in just the past 4 hours, $61.87 million in leveraged positions (mostly long) were cleared out.

Currently, there is a lot of uncertainty in the market, and everyone is guessing whether Bitcoin is entering a consolidation period or will continue to push towards new highs. Well-known traders, such as Emperor from user X, even predict that the price might drop to $62,000.

However, most of the market is still adjusting, and the decline is relatively mild. Let's wait and see how Bitcoin moves next!

#比特币价格 #市场调整 #比特币新高梦碎

🌐Germany's Bitcoin liquidation sparked heated discussions, Mt.Gox repayment crisis is coming, how will the crypto market respond?

Hello everyone! Let's talk about the recent German government's liquidation and Mt.Gox's repayment!

🤔Recently, the German government sold all its Bitcoin holdings at an average price of about $57,900. This move has sparked heated discussions in the market, and many people believe that the German government sold too cheaply, because the current price of Bitcoin has exceeded $63,000, and even rebounded to more than $66,000, a difference of nearly 10%. If they sell later, they may earn 10% more.

But we need to note that the way the German government obtained these Bitcoins is through the confiscation of criminal proceeds, and there is no cost pressure, so they may prefer to convert these assets into euros as soon as possible.

Although this may not be the best decision from an investment perspective, the German government may have other comprehensive considerations, so let's not over-speculate and analyze.

Now, although the German government's bitcoin sales have come to an end, the focus of the market has generally shifted to the repayment of Mt.Gox.

Many people are worried about whether this will cause the next round of selling pressure on the price of Bitcoin, and if there is a spillover, to what extent will its price fall? Although we do not have a definite answer to these questions at present, isn't it a long-term perspective that we need to focus on?

If you believe that Bitcoin is an asset that appreciates over time, then short-term price fluctuations, whether it is a correction from more than $60,000 to $50,000 or $40,000, or a sudden surge to more than $80,000, are not the most critical points. Ultimately, what we should focus on is the long-term value and potential of Bitcoin.

💡 So, stay calm and take a long-term view. Don't be distracted by short-term fluctuations, focus on your long-term investment goals, and believe that in 5 years and 10 years, you will definitely outperform most short-term speculators.

💬 Finally, what do you think of the German government's Bitcoin liquidation and the repayment of Mt.Gox? Welcome to share your views in the comment section!

#德国政府 #比特币出售 #MtGox #比特币价格 #长期投资视角

🌐 Key events not to be missed this week that could impact Bitcoin price action!

🚀This week's big news:

US economic data is coming soon, which could have a significant impact on Bitcoin prices. Crypto markets rose slightly over the weekend and continued to gain momentum in early Asian trading on Tuesday. If expectations of rate cuts heat up again, the market could see a further boost.

📈Economic Events Quick Facts (October 7-11):

- Wednesday: The release of the September Fed minutes gives us a glimpse into how monetary officials view the economy.

- Thursday: The core Consumer Price Index (CPI) report, one of the key measures of inflation, could directly affect the Fed's policy rate.

- Friday: The September Producer Price Index (PPI) report and the Consumer Confidence Index, which are important factors affecting the market.

🏦Meanwhile, JPMorgan Chase, Wells Fargo and BlackRock will also release corporate earnings this week, which could have an impact on market sentiment.

🌟As of yesterday, Bitcoin closed at around $63,000 on a weekly basis. Although it once fell below the 200-day moving average in the short term, the overall weekly trend remained stable, successfully achieving four consecutive weeks of gains.

Although the performance of Ethereum and other altcoin markets was mixed, they still showed a range of fluctuations on the daily chart as a whole, indicating that the market is looking for new breakthroughs.

🌐 On the other hand, from the perspective of geopolitical factors, especially the escalation of conflicts in the Middle East, it may have a negative impact on market recovery.

🧐 Conclusion:

This week's US economic data release, including core CPI, PPI and consumer confidence index, may affect Bitcoin prices. If inflationary pressures ease, it may increase expectations for interest rate cuts, which is good for risky assets such as Bitcoin.

At the same time, rising expectations for interest rate cuts may attract funds to flow into the cryptocurrency market and boost the market. However, geopolitical tensions in the Middle East and other regions may also limit the upside. Investors need to pay attention to these factors and seize investment opportunities.

💬 Which economic event are you more concerned about this week? Why? How much do you think geopolitical factors will affect the cryptocurrency market? Will you consider adjusting your cryptocurrency portfolio this week?

#比特币价格 #加密货币市场 #经济数据

3.18 Bitcoin price trend today: In the past three days, Bitcoin has experienced a sharp decline, from a high of $73,881 to a low of $64,559.

At present, there is an expected rebound repair, but there is no participation in multiple transactions. Overall, Bitcoin's decline has not ended, and it is expected to drop by approximately US$20,000. The current general trend remains bearish.

On details, some disagreements may arise. It may form a b-wave rebound and then fall directly, or it may form a larger wedge structure and then fall. It is currently recommended to sell short positions in batches in the 68000-70000 range at a relatively high point.

#比特币交易 #比特币行情分析 #比特币价格

Bitcoin Price Falls, Spot Bitcoin ETF Trading Volume Surges

Bitcoin price unexpectedly fell: Despite positive expectations for the U.S. Securities and Exchange Commission’s (SEC) approval of 11 spot Bitcoin ETFs, Bitcoin price unexpectedly fell to $41,900. The drop resulted in $338 million in liquidations in the market.

Comments from SkyBridge Capital CEO: SkyBridge Capital CEO Anthony Scaramucci attributed part of the decline to the liquidation of Grayscale Investments’ spot Bitcoin ETF GBTC and the bankrupt FTX exchange. He expects selling pressure to diminish within 6-8 trading days.

Cryptocurrency Value May Grow: Scaramucci’s prediction suggests that the value of Bitcoin and other cryptocurrencies may rise once selling pressure eases. Currently, Bitcoin is trading at $43,095, down 5.89%.

Spot Bitcoin ETF trading volume hits record highs: Cumulative trading volume for spot Bitcoin ETFs exceeded $7.5 billion on the second trading day, compared with $4.6 billion on the first day. This indicates strong investor interest in these new products.

Shifting trading preferences: According to Bloomberg ETF analyst Eric Balchunas, most GBTC trades have been sales, with investors switching to ETFs with lower fees. GBTC saw a net outflow of $100 million on day one, while ETFs from Bitwise, Fidelity, and BlackRock recorded significant net inflows.
#ETF通过 #比特币价格

⚠️Standard Chartered Bank analyst: Geopolitical risks may be the main reason for Bitcoin to fall below $60,000

Geoff Kendrick, an analyst at Standard Chartered Bank, recently said that due to geopolitical uncertainty, the price of Bitcoin may fall below the $60,000 mark before the weekend. However, he believes this may be a good opportunity to accumulate.

Kendrick also mentioned that Bitcoin call option positions are increasing, especially those with an expiration price of $80,000 on December 27. This may indicate that despite short-term risks, the market is still optimistic about Bitcoin's long-term prospects.

Moreover, he also pointed out that Bitcoin is not a traditional safe haven for geopolitical tensions. He explained that gold is a geopolitical hedge tool, while Bitcoin is more of a hedge tool for traditional financial problems (such as bank bankruptcy or de-dollarization).

This forecast by Standard Chartered Bank reminds us to keep an eye on geopolitical trends and be sensitive to the market. Remember, no matter how the market changes, making wise investment decisions is always the key.

In financial markets, every piece of news may cause market trends. This geopolitical "game" may make Bitcoin prices fluctuate, but it may also be an opportunity for investors to enter the market. After all, the market always has ups and downs, the key is to find the right time.

💬 What do you think of this analyst forecast? Do you think the volatility of Bitcoin prices is a good opportunity to enter the market? Or do you prefer other investment strategies? Share your thoughts in the comments!

#比特币价格 #地缘政治风险 #投资机会 #加密货币动态

📉Bitcoin price falls below $59,000 as US government starts selling BTC

🚨Bitcoin price suffered a heavy fall, falling below the key support level of $59,000. The decline is closely related to the US government's Bitcoin selling action. On Wednesday, 10,000 BTC worth $593 million was transferred from the US government wallet to Coinbase Prime, and the price of Bitcoin fell by more than 3.9% on the day, triggering market concerns about further selling. $BTC

🔎The sell-off is not only a direct pressure on the market, but also a test of investor psychology. However, the US government's Bitcoin wallet currently still holds 203,239 BTC worth $12 billion, and its movement is undoubtedly the latest focus of the market. From the Silk Road to the hacking of the Bitfinex exchange, the US government's Bitcoin reserves have continued to increase, and its handling has also attracted much attention.

🤔The government's selling strategy may affect the market supply and demand relationship, and thus affect the price. In addition, Mt.Gox transferred nearly $2 billion worth of BTC to the BitGo exchange on Tuesday, indicating that a new round of repayment actions is about to begin, which will undoubtedly bring more uncertainty to the market.

🔄However, the market's reaction is not a single dimension, it also involves investors' interpretation and expectations of policy trends. In this case, investors need to pay more attention to market dynamics, as well as the attitudes and actions of policymakers.

🔍Although the market may be affected by government selling in the short term, in the long run, Bitcoin's market performance will be more affected by its fundamentals and the global macroeconomic environment. Investors should remain calm and formulate reasonable investment strategies based on their investment goals and risk tolerance.

👇What do you think of the US government's selling of Bitcoin? Do you think the new round of repayment actions by the US government and Mt.Gox will affect the price of Bitcoin in the long run? What is your strategy in the face of such market fluctuations?

💭Share your insights and strategies in the comment section, and how investors should remain stable in this volatile market.

#比特币价格 #美国政府抛售 #市场分析 #投资者策略 #加密货币市场动态

🚨 The daily evaporation of US stocks far exceeds the total market value of cryptocurrencies. How far is the spring of the cryptocurrency market?

📉 In the past two weeks, the cryptocurrency market has experienced a big wash, and the price of Bitcoin once fell to $59,000. Here, my advice is that there is nothing wrong with swing trading itself, but I strongly recommend not to use leverage. Because if you are liquidated, the assets lost due to leverage can never be recovered. Please be cautious and don't take the risk of leveraged trading with money you can't afford to lose.

💥 In the past 24 hours, the market witnessed $1.068 billion in contract liquidations, including 907 million long orders and 161 million short orders. Looking back at the liquidation data in the past six months, the number of long positions liquidated far exceeds that of short positions, which reflects that most people in the cryptocurrency market this year are relatively greedy and prefer to go long. In the Bitcoin bear market, the situation is just the opposite.

📊 From the contract liquidation chart, we can see that in the past six months, the number of short-selling funds that have been liquidated is relatively small, and most of the liquidations are due to excessive use of leverage to go long. But this round of sharp correction seems to be causing the market to make a deeper correction and adjustment. Because only when these greedy long traders are washed out by the market, the market is likely to start the next wave of sustainable and sharp rise.

🌐 In addition, the performance of the US stock market last Friday was also shocking, with a single-day market value evaporation of up to 2.9 trillion US dollars. However, the current total market value of the cryptocurrency market is only 24,000 US dollars, which means that the market value evaporated by the US stock market last Friday is 1.2 times higher than the sum of the current market values ​​of all cryptocurrencies. This reflects from the side that although the market value of cryptocurrencies is still relatively small, the cryptocurrency market still has huge growth potential!

🗣️ Some people believe that despite the current market volatility, this also provides more room for growth for the official bull market. Therefore, there is reason to believe that in the next decade, the growth prospects of the cryptocurrency market value will be unlimited!

💬 Do you think it is the bottom of the cryptocurrency market now? In such a market environment, what investment strategy will you adopt? Leave your opinions in the comments section!

#比特币价格 #加密货币市场 #美股大跌 #投资策略