June 10, 2024 Grandpa checks in

Happy Dragon Boat Festival, everyone. As one of the three major traditional festivals in China, the Dragon Boat Festival is still worth promoting and has special significance. However, there are not many traditional activities now, and most people may just have a small gathering at home. These two days may not be peaceful for a few large investors, because OK has also had its assets stolen. OK is currently investigating the specific reasons. Many people have already withdrawn their coins from OK because of this. If you have a lot of assets, you can also do it to avoid risks.

In the relatively wild area of ​​B circle, there are actually many dangers. It was mentioned before that various hackers are waiting for opportunities on the chain. In fact, exchange accounts are also at risk, but the daily security is guaranteed by the exchange at a high cost. The assets of the big investors were stolen this time, and the specific problem is still unclear. It reminds us to pay attention to safety when using computers and mobile devices in daily life. Don't click on unknown links blindly, don't flash or install software on computers and mobile devices casually, and try to create a pure account environment first.

As for the market, there is no breakthrough or decline, and it has chosen to go sideways. In this way, the previous low volatility market will continue for a while, and there will be basically no big market this week. Bitcoin still holds its high position, but you should know that ETF funds have basically been net inflows in the past half month, with billions of funds flowing in, and Bitcoin prices have not reached new highs. This can only mean that at this stage of the market, there is real selling pressure that is gradually being released.

Although the current general direction must be determined by the trend of Bitcoin, looking at the prices of altcoins, many have actually fallen a lot from their highs, with an average drop of 30%, and many have been cut in half. However, I think the market may not feel this very clearly, because in addition to Bitcoin's high price, the altcoins themselves have not risen too much and have not attracted many retail investors to enter the market. One fact that cannot be denied is that the profit-taking of many coins has already come out, and it is difficult to get them back in, and they must rely on the entry of new funds.

Thank you for your attention and likes.