After finishing the list of promises made by the understanding king before taking office (table source: internet), I suddenly feel that the understanding king is actually quite good for the cryptocurrency circle.
From 'ending the Russia-Ukraine war within 24 hours' to 'increasing tariffs', the understanding king's words were thunderous, yet nine out of ten of those claims were treated as if nothing happened, and one was just an Excel turned into a PPT.
In contrast, the cryptocurrency circle - including BTC in the national strategic reserves has been achieved, although in the end, the coins were not taken out, purely freeloading.
BTC has gone around and returned to around 85K, while it's tough for $ETH to even reach 1600.
Every time ETH hits a new low, someone always asks: Can we buy the dip for ETH?
As a well-known E expert, I can only emphasize again: A decline is not a reason to buy, being undervalued is not a signal for a rebound, buying the bottom is useless, and if you can't hold it, it's equivalent to not making a profit. The structure and narrative of this round of ETH are already out of touch with the trends of the times.
For long positions, prefer BTC; for short positions, prefer ETH. It's comfortable and efficient.
Jeni learned: @trenchdiver101 revealed that Trump plans to host a dinner for $TRUMP token holders, and the website is currently under construction.
This rumor is making it seem real, with website screenshots, and combined with the fact that $Trump recently unlocked and started pumping today, could there be another big cut coming?
Brothers, don't rush into FOMO just yet; I feel like there's something fishy:
1. So far, there hasn't been any official news. For such a big event, shouldn't Trump, with his loud voice, announce it on Truth Social or X himself? Is it really exclusive from a small account with just a few thousand followers? 2. The webpage does exist, but it is currently in encrypted status, it might just be a random development page used as a gimmick.
If it's true, can you ask Trump if those who bought in at 70U and those who bought at 1U can sit at different tables? We don't want the 70U brothers to only eat hamburgers!
Jeni learned: $TRUMP unlocked 40 million tokens 5 hours ago, worth about 300 million dollars, with an additional daily linear unlock of about 493,000 tokens, approximately 4.12 million dollars.
What prior unwritten rules or tricks were there for pumping before unlocking? When facing the Understanding King, what pump? Just sell it, no need to pump, just smash it for me!~
Hey, stay away from the Understanding King, cherish your life.
BTC market share has quietly reached a recent high, currently around 64%, setting the highest point since 2021.
Looking back at history, this wave of BTC dominance has been rising steadily for nearly two and a half years, returning to levels seen from 2019 to 2021 since 2022.
However, unlike the previous two cycles, this round is a true Bitcoin bull market — both price and market share are soaring, which may also mean that the altcoin season is slowly fading away?
Of course, dreams still need to be pursued — with the current scale of the cryptocurrency market, if BTC dominance drops slightly by 5-10%, we could see a super massive altcoin season, right?
So I ask you, are you still holding onto altcoins? 🫡
Binance Wallet @BinanceWallet's exclusive TGE is here again, and this time the protagonist is $BANK.
However - the rules have been upgraded again!
Only users who have participated in Binance Alpha transactions in the past 30 days are eligible to participate in this round of TGE subscription.
Simply put: having an account and assets is not enough, you have to be a loyal user who really participates in Alpha transactions. Jenny looked at his small account, well, this time it was finally eliminated. 🥲
Binance @binance is now eliminating studios/small accounts and screening out real users.
I wonder if this wave of $BANK's pork trotter rice will be more delicious? @cz_binance
BTC ETF had a net inflow of about 100 million USD yesterday, and overall it is in a state of net inflow.
It feels like it's time for the bulls and bears to play dumb again, unable to drop below 83K with outflows, and unable to rise above 86K with inflows, stuck tight.
On the list of biggest gainers, a familiar face appears: $BIO, which surged 30% intra-day. Looking at the candlestick chart, this...
From 1.47 to 0.05, a drop of nearly 97%. Sigh.
The biggest realization over the past six months is that a drop is not a reason to buy, and being cheap is also not a reason to buy.
Thinking you have caught the bottom, little did you expect there is still a basement below, underneath the basement there is an air raid shelter, and beneath the air raid shelter, there are eighteen layers of hell.
Remembering SBF's powerful response at the beginning, looking back now, 3U's Sol. In today's cryptocurrency world, is there still a project team that dares to say this? I'll buy as much XXX as you have, right now, at $X?
BTC ETF had a net outflow of about 170 million US dollars yesterday, reaching a rather awkward position. The weekly and daily candlestick patterns look quite strong, showing a trend of upward rebound.
However, there is significant resistance above, and it has been unable to stabilize around the 85K mark. Even if it breaks through, it will only be around 90K.
Is this also the reason why the American grandpas and grandmas have started to take profits and make swings?
Jeni learned: Binance @binance Launchpool has launched Initia (INIT).
It is obvious that Binance's activities like IEO/IDO have been increasing recently. Some people said not long ago that there are no benefits or airdrops in the current market.
In fact, Binance has always had them. If you are worried about the volatility of BNB, you can also try mining FDUSD and USDC, which are more stable!~
Recently, gold has been reaching new highs, while BTC, as digital gold, appears to be slightly weaker. The correlation index has dropped back to 0.04, which is almost equivalent to no correlation.
It seems that gold should still be purchased through legitimate markets; the so-called digital gold is fake.
However, from the K-line perspective, BTC shows a rebound trend; it just depends on whether it can touch 90K again.
Recently, I've clearly noticed a significant increase in Dex.
I remember there was a time when CEX was also springing up like mushrooms after rain. At that time, it was Huobi or another exchange that created a one-click CEX creation feature, providing anyone with the ability to build a centralized exchange.
Has it now turned into decentralized exchanges?
After working on various projects, I've found that in the end, opening an exchange is still the most profitable?🫣
In the afternoon, I didn't expect the position to be at the daily high, and now $WCT has fallen back to yesterday's starting point. I can only say that this year is indeed not suitable for diamond hands; those who are diamond hands have all gotten wrecked.
When playing with counterfeit/mainstream, you must take profits, take profits, take profits. If you miss a sell opportunity, look for the next target. If you make a profit, everything is great; if you incur a loss, you must decisively cut your losses.
The logic behind WCT is not bad; it just depends on whether there will be any opportunity to touch around 0.2 in the future, which is the cost price from the previous BG's IDO.
Dreaming back to 2021, the year of DeFi, with APRs exceeding 200+% mining. Although it is $ETH- $USDC, the E guards can still go for it. Just don't know if after mining for half a year, the APR won't be earned, and E will have already halved.🤣
Jeni learned: The Mantra @MANTRA_Chain team has not engaged in any selling activities and will launch the $OM token support program. OM has plummeted 90%, with its market value crashing from $6 billion to $700 million in an instant; it took several days for $Luna to reach zero, while OM took only an hour to hit zero. The project team claims to be completely unaware of any selling activities; do they expect us to believe that I am Qin Shi Huang?