#BTC When the market was the most pessimistic, I repeatedly reminded everyone not to panic and not to sell BTC and BRC20 inscriptions. At that time, some people commented that I was either stupid or bad. In just a few days, BTC and #铭文 the market were very competitive and achieved a violent rebound, which was really refreshing.
Duge's judgment comes from his great confidence in the BTC and inscription market. Secondly, logically speaking, there is no reason for BTC to continue to fall. Although Grayscale's selling puts pressure on the market in the short term, everything should be analyzed from the root cause. Grayscale's selling is not because Grayscale is not optimistic about BTC, nor is it to repay debts as some people say. The demand for selling BTC comes from Grayscale's users, because Grayscale's management fee is too high. With the landing of BTC spot ETFs, users will definitely bid farewell to Grayscale in the long run and choose ETF investments with lower fees. So the funds are in and out, just changing the pit, and the funds have not left the market at all. From the figure below, we can also clearly see that on the 23rd, when the decline was the most violent, the funds were in a net inflow state.
Speaking of the BRC20 inscription market, all inscription players know that the consensus of the community determines the price of inscriptions. The market value of the three inscription giants, ordi, sats and #rats , has made a huge leap because of spot or contract listing on Binance. A large number of speculators outside the community have poured in. Their funds come in quickly and go out quickly. Coupled with contract short arbitrage and BTC pullback, a pullback after a surge is inevitable.
But in the long run, various inscription communities are still preaching, the community is growing, and there are more and more inscription players and believers.
When the inscription price falls, community members will choose to increase their positions, and speculative funds will return after seeing the price stabilize, and the short position of the contract will immediately turn into long position.
When you are young, you don’t know the value of inscriptions, and you mistakenly take the contract as a treasure. Brothers, take your brc20 inscriptions and btc, and prepare to welcome this magnificent bull market together.
