​Recent data shows that the current balance of Bitcoin on the trading platform is 2,256,045, which is the lowest in the past five years. This data has attracted people's attention to market trends and speculated that it may mean that the bear market is nearing its end. #BTC

The reduction in the number of Bitcoins held on exchanges is actually good for future prices because it means that the coins held on exchanges may be sold at any time. Looking back before the 2020 bull run, crypto assets on exchanges also continued to hit new lows. Therefore, the current situation may be a signal that the bear market is coming to an end.

The BTC balance of the exchange hit a 5-year low, indicating that the lack of market liquidity is not only in terms of funds, but also in terms of chips. The advantage of the lack of chips is that it does not require too much funds to increase the price of the coin, but it will also make it easy for the big cake to copycat and smash the price of the coin. Therefore, everyone must set a stop loss when trading! The medium-term trend of the big cake still has a long monkey market period, and everyone must adapt to its ups and downs. In the short term, it will still fluctuate in the range of 25,300-26,500 US dollars.$BTC

For the current cryptocurrency market, there are almost no prominent hot spots, and almost all the attention is related to news. Let's take a look at the latest developments of BlackRock. BlackRock recently submitted documents to the U.S. Securities and Exchange Commission (SEC), disclosing that it has become the second largest shareholder of four top Bitcoin mining companies, namely Riot Blockchain, Marathon Digital, Cipher Mining and Terawulf.

This is undoubtedly good news for the cryptocurrency industry. BlackRock is not only interested in providing Bitcoin trading services, but also actively involved in the mining industry. This means that they will be involved in the upstream and midstream fields. It is expected that after launching the spot ETF, BlackRock will also purchase a large number of Bitcoin spot contracts, which is very positive news for the market.

In addition, we also need to pay attention to the issuance of StarkNet tokens. StarkNet wallet Braavos recently published an article stating that after nearly 12 months of Ethereum deployment, StarkNet's STRK token is about to be released and listed. STRK tokens can be used for governance, staking, and paying Gas fees. It is worth noting that StarkNet is a blockchain network with a valuation of up to $8 billion, so the airdrop of this token has attracted widespread attention in the crypto community. It is reported that this airdrop will be one of the largest ever. Although the specific details of the airdrop have not yet been disclosed, team members have stated that there will be a large-scale airdrop plan.

Although the STARK token has been approved for a while, it seems to have been overlooked by many. This distribution of the token supply greatly supports the development of the altcoin community and ecosystem. Among them, 9% of the token supply was given to community members, 10% was used for the growth and development of ecosystem activities, and 8.1% was used for additional perks to further support community participation and activities. According to calculations, the average airdrop amount for the top 25% of users may be around $4,000. This situation has led to an increase in interest in altcoin projects. The first unlock date of the STRK token has been announced as November 29, and the Preje team will unlock the tokens over a period of four years.

Recommend 2 low-market-cap game public chain projects:

In addition to the above content, I also recommend two low-market-cap game public chain projects: OAS and NAKA.

OAS is a Japanese game public chain project that uses the Oasys protocol compatible with the Ethereum Virtual Machine (EVM) and consists of multiple layers, including the Hub Layer as a highly scalable first layer, and the Verse Layer as a special second layer using the Ethereum second layer expansion solution. This project has been supported by well-known Japanese game companies Bandai Namco and Sega, and has partnerships with other large companies.

NAKA is a gaming hub based on the Polygon network, with 180 games and over 500,000 registered users. The NAKA token is part of its ecosystem, enabling players to access any game within the ecosystem and providing a mechanism to reward skilled players.

summary

In summary, although the new low in the balance of Bitcoin exchanges may mean that the bear market is coming to an end, investors still need to be cautious about market fluctuations. In addition, dynamics such as BlackRock and StarkNet token issuance have injected some new vitality into the cryptocurrency industry. The two low-market-cap game public chain projects, OAS and NAKA, are also worthy of our attention and exploration.