Family, smart money has quietly taken action! These two coins are about to usher in important opportunities, so hurry up and ambush in advance!
The latest data on Bitcoin chain is out. Have the big players started to flee? And what major events are happening in the cryptocurrency circle now? Let's follow Shuqin to find out.
The first is the long-awaited good news in the cryptocurrency circle. Institutions are now beginning to re-enter the market. Please see the picture.
After two months of influx of Bitcoin into exchanges and selling, the amount of Bitcoin on exchanges is finally starting to flow out.
This means that large investors buy coins on exchanges and then transfer them to their own cold wallets, so the outflow of Bitcoin from exchanges is definitely a positive sign.
If, on the other hand, the coins on the chain rush into the exchange, it means a sell-off, which is also the reason why Bitcoin plummeted in the past two months.
But if you look at it again now, the selling pressure has really dropped precipitously, and now it has reversed into buying. So whenever you have no idea about the current market situation, it will be very helpful to look at the on-chain data.
Na Benqin still maintains the same view on the trend of Bitcoin as in the previous two weeks. It will fluctuate and rise to 69,000 this time, so every pullback is a very good opportunity for you to cover your position or go long at a low multiple.
In the short term, what I am most paying attention to now is this small head and shoulders bottom, to see if the neckline can break through the previous high, which will allow it to rise further to 65,000.
I also took advantage of yesterday's decline to buy more. At the same time, Ethereum also allowed everyone to enter the market. The long order at 2580 was stopped at loss when it fell slightly below the support of 2550, and the long order was stopped at 2660. I hope everything goes well!
According to the latest data disclosed by Bitcoin Magazine, more than half of the world's top 25 hedge funds have disclosed their Bitcoin ETF holdings.
For example, Millennium Management currently holds 27,000 bitcoins worth $1.7 billion, and is still increasing its holdings.
You said that these are Wall Street giants with billions or trillions of dollars in scale, and they are all buying Bitcoin crazily. They must be very optimistic about the future trend of the currency circle and buy it when no one is interested.
So don’t wait until the prices of various coins rise before you regret it. You can add more positions now if there is any pullback.
If you want to be safe, you can allocate more Bitcoin and Ethereum. If you want to take a risk, you can buy some PEPE and Floki. These two local dogs have a strong consensus and greater potential. In addition, Floki has the support of the institution DWF, so its long-term potential should not be underestimated.
Speaking of Floki, his project team is now trying to boost the price again.
It was announced that Simon’s Cat tokens, a major IP in the cat series, will be airdropped to token holders. The snapshot time is 8 pm on August 30, so there is a high probability that Floki will strengthen before then. In particular, this wave of airdrops will also be carried out on Binance, which basically means that the Cat coin will be listed on Binance, and it is still very valuable. It may even have the opportunity to bring a wave of cat series copycat seasons.
At 8pm on the 30th, everyone has received the airdrop, and the benefits of Floki have all been exhausted. Some people will sell, so it is likely to pull back by about 5% to 10%. If you have this coin, you can sell it on the 30th and buy it back when it pulls back. Contract parties can short a little at that time and make a lot of money with a safe 3x leverage.
How about it! Isn’t the idea very clear? These are all business opportunities!
Now back to Floki, we actually reported this impending good news in early August, encouraging everyone to buy at the bottom, and sure enough, it has risen a lot recently. This is the importance of information asymmetry.
Now let me tell you, People’s Bitcoin will also start to rise at the end of the month, because Trump and Ha will start their first national debate on September 10th. This affects the nerves of people all over the world. After all, this debate may even determine the direction of the election, so the coins in the big election track will definitely become popular.
Its logic is the same as that of Floki. It will rise before the event occurs, and then start to pull back when the good news is realized on the 10th.
The same is true for BNB. Because it can mine Ton coins, it has started to strengthen, rising from the 500 I told you about before to 570. This is an obvious signal. You can make a profit if you buy it, and you can also get Ton coins for free.
And just this morning, Binance officially announced the mining of Dogs, the popular coin on the Ton chain, which will continue until the 26th. It’s really cool to kill two birds with one stone.
The stop-profit time is also relatively certain. BNB's Dogs mining ends at 8 am on the 26th, while Ton mining ends at 8 am on September 4th.
Therefore, you can consider finding a high point to take profit before the date approaches, especially before September 4th, and then wait for it to pull back and then buy it back at a low price. Not only can you get the BNB band for free, but you can also get the mining income of Ton and Dogs. Isn’t it great?
Therefore, information gap is very important in the cryptocurrency circle. If you know it early, you can ambush in advance. If you know it late, you may become the one who takes over. Shuqin is updating the news of various coins in real time, so you can enter the market one step ahead of others, so if you are interested, you can take a look~
Okay, let’s continue.
Although all data in the cryptocurrency circle are recovering, there is a thunder that can strike at any time, and that is the Mentougou selling pressure that is almost forgotten by everyone. Please see the picture.
Just a few days ago, Mentougou secretly transferred a small amount of money to a new address for test. I said that it was probably preparing for another sell-off later, because it would test a small amount before each large transfer. As a result, it really transferred it last night, and the currency circle also crashed. These are all very good opportunities.
Now, the 10 billion selling pressure in Mentougou is reduced to the last 2 billion. There will be no more bad news in the cryptocurrency market after that. I believe that the cryptocurrency market will start to rise again from late September.
Because in October FTX will inject $14 billion of repayments into the market, all of this is buying.
Therefore, just as the cryptocurrency market fell before, it will rise in the same way in October, and it will rise even higher and more fiercely!
Therefore, the big whales are now gearing up and preparing to make a big move. For example, Tether recently issued 1 billion USDT on Tron, which made the issuance of stablecoins on Tron break the historical high again, reaching a terrifying 61.8 billion US dollars.
At present, the total amount of stablecoins in the cryptocurrency circle has reached a record 160 billion. It can be said that there has never been so much money in the cryptocurrency circle.
So cherish your current 50,000 Bitcoin and over 2,000 Ethereum, because when you come back next year, they will be dirt cheap! Vote for the creators and share 50,000u
Finally, don’t forget to follow me, so you won’t miss out on Benqin’s wealth codes in each issue~
