Why is it said that #比特币 ETF will definitely be approved? $BTC 1. BlackRock’s ETF approval rate is as high as 99.8%, with only one rejection in history. 2. During the 2008 financial crisis, the U.S. government asked BlackRock to develop a recovery strategy. This demonstrates a high level of confidence in BlackRock 3. BlackRock CEO recently expressed a positive view of Bitcoin, calling it “digital gold” and emphasizing its potential role in portfolio diversification. 4. BlackRock previously launched a private Bitcoin ETF specifically targeting institutional investors. 5. Europe and Canada have created spot Bitcoin ETFs 6. Additionally, other asset managers including Vanguard and Fidelity have filed to create their own Bitcoin spot ETFs this cycle. PS: BlackRock is a shareholder of 4 of the 5 largest mining companies in the world. In August, the giant stepped up its investment, buying 99,810 shares of mining company Bitdeer, First Trust Advisors LP (46,680 shares) and Credit Suisse Asset Management The company (13,850 shares) also invested in BTDR stock.
The dominance of #BTC has been growing in recent days, while the altcoins have been decreasing.
Judging from past experience, at the early stage of the market turning point, even if Bitcoin rises by 2-3% now, 90% of altcoins will find it difficult to rise.
$BTC Two major resistance levels: 40600 and 42700, excellent points for shorting.
Unless the price rises above 42200, there is no reason to go long. Technically speaking, Bitcoin has entered a downtrend, which is true. There is no technical reason to suggest growth and many are trying to find a support level and go long from it, but this is already a contrarian trade.
There is strong support at 39,000 points, 37,000 points and 36,000 points, but there is a high probability that it is just a short-term rebound in the downward trend, with a rebound of 5-6% or even lower. The trend is wave-like, and every rebound will trap a group of people!
In the past month, a large number of people have entered the ETF market, and the index has been extremely greedy. Grayscale sold off heavily, and the BTC mining stock BAO fell by 60%. It was not a correction, but a plunge.
From a fundamental point of view, the biggest benefits have already been released. What other benefits can we expect? #BTC
Peter Lynch: Trying to buy a declining stock is like trying to catch a falling knife.
Not only will you fail to grasp it, but it will injure your hand and cause severe pain because you grasp it in the wrong place.
Generally speaking, a safer way is to wait for the knife to fall to the ground, plunge it into the ground, and then stop shaking for a while. At this time, it is not too late to grab the knife.
For now, Grayscale is that knife.
GrayScale continued selling Bitcoin yesterday, moving $588 million worth of Bitcoin to CoinBase, bringing their total deposits on the exchange to 79,213 BTC worth $3.2 billion since the ETF was approved.
Grayscale currently has a balance of 535,755 BTC, worth 20.6 billion.
If grayscale selling does not stop, it will be difficult for the market to rise #BTC
#BTC NUPL indicator 2017 - 2023, you can clearly see the relationship between NUPL and the trend of $BTC . Red represents "panic" and is a good time to buy. Blue represents "greed" and is the time to sell. It is currently in an optimistic zone and will continue to track. Before the bull market begins, there is a high probability that it will enter the "red" zone again, so keep some bullets waiting for opportunities.
September 29 - The second largest expiry date of the year for options and options, valued at $3 billion (the first largest expiry date of the year is in June) This date may have special significance as it is the end of the month, quarter and fiscal year in the United States. day.
A Guide to Buying the Bottom in Bear Market--Top 13 of the Most Profitable Series in the Currency Circle.
99% of the projects in the bear market will die, but those projects with the ability to make money can survive the bull and bear markets and continue to shine and lead the market in the next bull market.
A summary of the 13 most profitable projects in the currency circle in the past six months, which have changed a lot compared to 2022.
$LDO surpassed $UNI, $GMX continued to rise, ens and looks fell off the list, and sushi and blur were newly promoted.
The number of SHIB layer2 users has reached 1.1 million. The once air coin is transforming into a valuable coin. Do you think shib has a good future?
$SHIB The number of layer2 users has reached 1.1 million. The former air currency is transforming into a value currency.
Shibarium, the layer 2 of the Shiba Inu family, has reached a new milestone with over 1.1 million users today.
Within 24 hours of the initial Shibarium network being back up and running, the number of wallets connected to Shibarium reached 35,000. Just a few days later, this number exceeded 100,000 and 300,000.
Until today, it has reached an astonishing 1.1 million.
The construction of SHIB The Metaverse is also in full swing and will be carried out in the Shibarium network, bringing users a richer experience and further improving the shib ecosystem.
Warren Buffett’s latest prediction for 2023: A new virus will hit, the U.S. stock market is overvalued, and investing in China should be cautious.
In a recent interview, Buffett reiterated his pessimistic view of the future.
1. We will not avoid another pandemic!
🦠 Buffett believes that COVID-19 is just the first of many pandemics that he believes are likely to break out in the coming years. New infections occur naturally, and our world is becoming more connected, making it easier for diseases to spread.
✅He called on the government and private sector to prepare for possible new threats. Stressing the importance of investing in the research and development of new vaccines and medicines and building strong health systems that can respond to potential large-scale disease outbreaks.