$100,000 Bitcoin is not out of reach
Without further ado, let's get straight to the point. As I said, it's the eve of the bull market! So what is my basis?
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First, the current market expectations for the Federal Reserve to cut interest rates on September 18 are extremely strong. The probability of a rate cut given by the CME market has reached 89%. With the dust settling on the July 30 interest rate meeting and further confirmation of the July CPI data on August 14, the probability of a rate cut may rise to more than 95%. The market is waiting for the official implementation of this major economic decision.
Furthermore, the election day in the United States is approaching, and Trump's prospects of winning are optimistic, with his approval rating exceeding 60%. If Trump is successfully re-elected, it will undoubtedly be a major positive for the crypto market. This background paves a more solid path for the future development of the crypto market.
At the same time, the selling pressure of Dezheng has been basically absorbed and the potential impact has gradually weakened. On the other hand, the impact of the highly-watched Mentougou incident may not be too serious. The reason is that the compensation recipients are not those who paid high costs in the early stage, but the holders who have continuously transferred the compensation claims for many years. The value of their assets is relatively reasonable, and there is no motivation to cash out huge profits. The impact is also expected to be controlled within a limited range.
Even if the Mentougou incident really caused a violent market shock, wouldn't it be an absolute bargain hunting opportunity? If this incident did not happen, we should cherish the current market environment, adopt the strategy of investing on dips, build positions steadily, and be fully prepared for a possible bull market in the future.
The undercurrent of giant whales is surging, and the speculation of market peak has been overturned
For the whales lurking in the market, the current turmoil is just a prelude to the feast and an insignificant episode. They are announcing with an almost greedy attitude that the real bull market has not yet begun. A whale who once made a brilliant record of 22.7 times profit in the Ethereum wave has revived and bought 2,847 ETH 8 hours ago.
What is even more eye-catching is that the operation of another anonymous whale named 0x67c is also amazing. 9 hours ago, it cleverly used 6,400 ETH as collateral and easily obtained 15 million USDC from the Aave lending platform. Then, it quickly purchased 4,344 ETH when the ETH price was $3,453.
Is the era of the raging bull market coming?
These two pieces of news instantly awakened the market's keen perception of the movements of whales. They proved with their actions that the real market peak is far beyond the current one. In their eyes, the current rise is just an appetizer, and the violent bull market has not really arrived yet! It is slowly unfolding with each of their large purchases.
When we stand at the crossroads of the market, trying to judge whether it has reached its peak, perhaps we should observe the movements of the whales more carefully. The real opportunities are often hidden beneath these seemingly calm waves.
