The cryptocurrency market has collapsed again? Which coin can I buy at the bottom to make a lot of money now? I am most optimistic about this one!

Big market warning! US inflation data is coming soon. The previous two unemployment data caused Bitcoin to rise and fall by more than 10%. Will it be good this time? And these coins will have huge negative effects. I have already cleared my positions!

So what major events are happening in the market now? Let’s follow Shuqin to find out~

The first thing that investors are most concerned about is whether the cryptocurrency market will rise or fall. In fact, we can get a glimpse of this from the on-chain data. Please see the picture.

Although the market has been sluggish recently, on-chain data has shown amazing resilience.

The transaction volume of all chains has begun to increase significantly compared with the previous week and has become extremely active. Whales have begun to frequently make moves on chains that retail investors cannot see, and the turnover has surged. This is a very positive signal. I think this wave will fall back to 58,000 and will go up again, reaching our final target price of 69,000 before the end of the month.

The previous version of the piano was to encourage everyone to buy Bitcoin when it rebounded from 63,000 to around 58,000, eh? It just happened now. It rebounded to more than 60,000 last night, which was very comfortable. Now it has returned to 58,000. I think it’s worth buying a little more.

The current pullback is still relatively normal. After all, it rebounded from 49,000 to 63,000 before, so there is nothing wrong with a pullback. And now, both the on-chain and exchange trading volumes mentioned just now are very large, which shows that the whales are very interested in the current cheap chips.

Because you have to know that when you sell your coins at a low price, you are not selling them to the exchange, but to another person who has placed a buy order, so there is selling pressure but the buying is also strong. In fact, what I fear most is the kind of negative decline with no volume, which is more dangerous.

The current staking data of Ethereum has also repeatedly set new historical highs.

Currently, nearly 34 million Ethereum coins have been locked in the main network, which accounts for 30% of its total supply, and this trend is very obvious to continue to go up. With so many coins starting to be locked for the long term, the Ethereum coins in the exchange will become increasingly scarce. As we have seen before, the transaction volume of Ethereum has increased by as much as 50%!

In addition, now that its ETF is listed, the demand has further increased. Now we just need to wait for the short-term selling pressure from Grayscale to end. I think it will gradually strengthen afterwards.

Grayscale currently still has 5 billion in inventory, and it is expected that most of it will flow out in the next two weeks. The current pullback is actually a very good opportunity to cover positions.

In addition, everyone must pay attention to the following coins. They will have a large selling pressure in the near future. Many kidney organizations have double-digit percentages of unlocking, and the selling pressure is still quite large. If some people are itching to short, then try to choose coins with large amounts of unlocking, the success rate will be higher.

Those who hold these coins can temporarily switch to other coins that are not under selling pressure to hedge risks.

The election meme coin People has recently gained a lot of popularity due to Trump’s Twitter and Musk’s speech, so this coin can be ambushed in advance whenever the election is approaching.

In addition, ARB is currently welcoming two good benefits. The first is that Franklin, a trillion-dollar giant on Wall Street, announced the issuance of a U.S. money market fund on the ARB chain. This is really impressive, indicating that large institutions are very optimistic about the prospects of ARB's Layer 2. It also indirectly reflects Wall Street's enthusiasm for the RWA track.

So now, in addition to popular online coins such as Pepe and WIF, the second field I am optimistic about is the RWA field. I have considerable holdings in OM, Tru, and Maker. After all, the market value of U.S. Treasuries is 51 trillion U.S. dollars, and the prospect of putting this asset on the chain is very promising.

Because holding RWA on the chain can not only obtain U.S. Treasury yields, but also use Defi collateral or borrowing leverage through smart contracts. The application prospects are really great. Both BlackRock and Goldman Sachs are doing it, which shows that its market potential is very large.

In addition, ARB will also launch two key functions in the next one or two months: staking to earn coins and liquidity staking. In this way, holders can obtain certain network revenue dividends and use tokens for Defi lending and other functions through liquidity staking, which enhances the functionality and practicality of ARB.

So everyone can pay attention to it after it is launched in September or October.

The good news about the AI ​​sector that we talked about in the last episode caused Fet to rise a lot. I asked everyone in the community to take profits over the weekend. Congratulations to those who watched the show and entered the market.

Now it has followed the market to pull back a bit, I think it is still possible to ambush one more hand, but don't hold too much, our holdings in multiple potential tracks will be more stable. Previously, Benqin asked everyone to short-term escape the top of each coin, let 58,000 take it back, and avoided a wave of pullbacks. This is all based on experience.

So if you are interested in the operation, you can really come and take a look. Benqin updates the strategies of various currencies in real time every day.

Okay, let’s get back to the topic.

The biggest hot topic in the cryptocurrency world this week is the CPI inflation data released at 8:30 p.m. on Wednesday.

Today's investors have long lost their way. The rise and fall of the market are more based on data from Wall Street. For example, last week's unemployment data was positive, and Bitcoin rose directly from 57,000 to 63,000. However, the employment data the week before was negative, and Bitcoin fell from 63,000 to 57,000 and then to 49,000. Therefore, every piece of data is extremely critical.

The previous CPI value was 3%, and the market expectation was also 3%. The previous core CPI value was 3.3%, and the market expectation was 3.2%. The market expectations for these two data are not much different from the previous values. This is the most likely to cause an upset, because a slight change can cause an uproar, especially it will directly affect whether the Federal Reserve will cut interest rates once or twice in September.

I personally think that the probability of good news is very high, because I don’t see any reason why CPI can continue to rise.

Whether it is the high interest rate, the recent rise in unemployment rate, or the decline in manufacturing index, these are all strong signals of economic cooling. Therefore, the inflation data this time is likely to be positive or at least in line with expectations.

So don’t forget to follow us. We will report the CPI results to you on time at 8:30 tomorrow night.