🔥What are the forces that are currently affecting the market? How do you view it?
1. Grayscale faces ETF redemption pressure, which has suppressed prices from the engine of the last bull market to the current bull market crash machine
2. The inflow of funds from Bitcoin ETFs including BlackRock, Invesco and others is almost offset by the outflow of Grayscale
3. Miners dispose of assets to purchase new mining machines in order to lay out the bull market
4. The cost of mining machines after the Bitcoin halving is around 40,000, which still supports the market
5. The Bitcoin halving will come on April 22. Long-term large-scale holders will only hoard coins and will not sell them at this stage, especially the certainty of the Bitcoin cycle is particularly strong
So our recent market always falls at night and rises during the day. The sustainability of the cottage market is also relatively poor, and funds rotate quickly.
There are profitable coins that have risen today, and they may give back their profits tomorrow. There is no need to be overly pessimistic about the current market. The new cycle of halving will not be too long ahead. If there is no opportunity to make money, do less and wait for the long-short balance.
