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#Mt.Gox将启动偿还计划 #比特币 #eth #CRV #uni
🔹Reviews of Cognitive Society
Bitcoin plunged 60,500 on June 24
Today's copycat performance is a bit interesting. As Bitcoin plummeted to the bottom and then rebounded rapidly, this was the first effort to stabilize the bottom. Because the sharp drop can break through the market's long orders, the main force eats a large number of bloody chips. The rapid rise makes it too late for retail investors to grab long orders, so the main force can eat a certain number of long orders for the first time.
The standard for whether the main force of the copycat has eaten enough is not how much the market plummeted, but the strength of the rebound, which must break through the starting point of the June 18 plunge. Because many people are trapped at the high point of June 18, if they don't get out of the trap, they can't talk about determination at all.
Confidence needs money to support it.
The pressure level for Bitcoin to rebound is 62,000 to 63,000. If the compensation of Mentougou is to sell Bitcoin, it is estimated that it will bottom out once, but it will not be sold once in so many years. Many people have already sold options or traded over the counter. The specific announcement is waiting. This is the core factor affecting the market and Bitcoin.
if
If Bitcoin drops sharply to 58,000, it would be a good choice. If Mentougou starts selling Bitcoin, a sharp drop to 54,000 would be even more perfect. Only when it drops to the right level once, can the altcoin soar.
Don't be afraid of a crash
I'm afraid of a fall.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and fall of short-term prices. This is not Tai Chi, but Cognition Society has its own principles.
Cognitive Society does not know when Bitcoin will plummet, but we remind ourselves that every time Bitcoin plummets, it is an opportunity. We enter the market when Bitcoin plummets and deploy our favorite Ethereum UNI and hot altcoins.
Therefore, if you hold 8 layers of positions, you should control your positions to around 7 layers when Bitcoin accelerates its rise. In the bull market, don't fantasize about shorting your positions every time Bitcoin plummets.
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US spot Bitcoin ETF closed over the weekend
In-depth analysis: Bitcoin spot ETF has no incremental funds, Bitcoin is too weak to be seen.
he ETF Store President: Ethereum spot ETF may be approved and start trading within two weeks
Nate Geraci, president of The ETF Store, wrote on X: “Are you ready for the next two weeks?
It is *possible* that an Ethereum spot ETF could be approved and listed for trading.
I am most concerned about the fees on the Grayscale Mini Ethereum Trust. This fee could send shockwaves through the spot Bitcoin ETF space, as there is also a Bitcoin Mini Trust.”
📍Interpretation of Cognitive Society: Cognitive Society is not saying it is impossible, it means that it will take half a month to trade. How can Ethereum fall so much?
Justin Sun bought 4,628.9 ETH from Binance again 7 hours ago, and bought a total of $48.85 million in ETH in the past three days.
According to on-chain analyst Ember, 7 hours ago, Justin Sun again withdrew 4,628.9 ETH (US$16.06 million) from Binance through the 0xDBf...Ec8 address.
In the past three days, a total of 13,967.7 ETH (48.85 million US dollars) has been withdrawn from Binance through the 0xDBf...Ec8 address, with an average price of 3,497 US dollars.
📍Interpretation of Cognition Society: Brother Sun truly loves Ether.
The US government’s cryptocurrency holdings include 217,000 BTC, 53,900 ETH, and 750 WBTC
Arkham data shows that the US government address currently holds 217,486 BTC (about US$13.74 billion) and 53,900 ETH (about US$184.25 million).
In addition, the address also holds more than 121 million USDT, 750 WBTC (about 47.37 million US dollars) and 40,285 BNB (about 23.27 million US dollars).
📍Cognition Society Interpretation: America truly loves Bitcoin.
Matrixport: Institutional investors may enter the market slower than expected
Matrixport published a statement saying that data from several Bitcoin ETEF issuers showed that institutional investors including asset management companies, investment advisors, pension funds and sovereign wealth funds are buying Bitcoin spot ETFs. However, since mid-March, capital inflows have been almost zero, and with $1.2 billion in capital outflows seen in the past ten days, institutional investors may be entering the market slower than expected.
📍Interpretation of Cognition Society: It is also good for institutions to buy some Ethereum spot ETFs.
Market News: Mt.Gox will start distributing BTC and BCH repayments in early July
According to market news, Mt.Gox will begin distributing Bitcoin and Bitcoin Cash repayments in early July 2024.
Bloomberg analyst: If all Mt.Gox Bitcoins enter the market, more than half of the ETF inflows will be offset
Mt.Gox disclosed today that it plans to start BTC and BCH compensation in July. The value of its Bitcoin holdings is approximately US$9 billion. According to Eric Balchunas, senior ETF analyst at Bloomberg, who wrote on the X platform, this amount of funds is equivalent to more than half of the Bitcoin ETF inflows being offset.
📍Interpretation of Cognitive Society: It depends on the specific compensation plan
🔹Summary: The biggest factor affecting the market is the compensation plan of Mentougou. Every time Bitcoin plummets, it is an opportunity for Ethereum to enter the market.
There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottoming out;
May 2024 is the mid-term of the bull market for Bitcoin and Ethereum. Every plunge is an opportunity. Long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and Link Bread;
🔹Short-term data
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any position, and does not confiscate any project party a penny.
🏷Bitcoin
Support: 60000 58000
Pressure level: 62000 63000
🏷Ethereum
The price plummeted by 3220. The key is the handling of Mentougou. Has the Bitcoin been sold or sent to the victims?
Ethereum has the protection of Ethereum spot ETF. Even if Bitcoin plummets, Ethereum's 3000 is still a super strong support level.
If the Ethereum spot ETF is traded in August, there are still 2 months left
Focus for the next six months
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3350 3400
Support: 322 3100
🏷LINK
Although there is a bottom-fishing force around 12, it will not stabilize until it stands at 15.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Don’t chase highs. Today, UNI fell in large volume. If it fails to hold 9, it will become weak and make up for the decline.
Pressure level: 9.5 10
Support: 8.7 8.5
🏷️BLUR
The key to whether the bottom-fishing power of 0.22 is effective is whether 0.28 can stand firm
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated in batches
🏷OP
2 unexpectedly changes the pressure position
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.85 2
Support level: 1.6 1.5
🏷️
Falling below 24 19 is an important support level
🏷ARB
Frission, a representative in the Arbitrum ecosystem, proposed a governance proposal that 50% of future remaining sorter fees be used to reward ARB token holders who stake and actively delegate their tokens. The proposal focuses on the growing security of the Arbitrum DAO's treasury, stating that only 10% of ARB is currently actively used for governance and voting participation is also declining, making the treasury a target for potential governance attacks. Frission's proposal aims to incentivize governance participation, enhance the economic security of the DAO, and reduce the risk of treasury attacks.
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷CRV
0.36 is the highest point 0.3 is the lowest point
CRV is backed by the main force, and the sharp drop can be watched
🔹Understanding attitude towards making money
Cognitive Society does not like hindsight
I don’t like those KOLs who claim that they can make a lot of money.
If someone in the cryptocurrency circle could profit from the rise and fall of every coin
Leverage is not about making 10 billion a year
But the second largest exchange on earth saw the market makers manipulate the market, and it only lost billions and went bankrupt.
Form your own trading system and make money within your own cognitive scope. Don't fantasize about making money from every daily rise and fall, let alone the rise and fall of every coin. This person does not exist on the earth, nor does this kind of organization. If such an organization existed, FTX, the exchange that looks after the main backstage, would not have gone bankrupt.
Desire and ability are not equal
The heart can never be at peace
How can you hold on to the coins if you are not calm inside?
Many people always like to rely on other people's promises and guarantees to hold on to their coins when the market crashes.
Banks are going bankrupt. Even some big countries’ fiat currencies are going bankrupt. Evergrande and Zhongzhi Group are bankrupt with tens of trillions of dollars.
Do you think people who promise returns can be trusted in such a high-risk place like the crypto industry?
The charlatan is just talking nonsense. As for the real crash and bear market, have you ever seen those people who promote the bull market every day?
