The orders that Dao posted on the platform in the past 45 days have been counted, and the results can be checked
If you do the headline party, then Dao's winning rate is 100%😀😀
The style of Dao is to make orders based on trends, so the number of positions is relatively small, and spot positions are a long-term process
The orders that have been put on the train will be directly said to have been put on the train, and the orders that have not been put on the train will be shared if the trend is good. I did not follow up later because I did not get on the train myself
Nervos Network: Bitcoin scalability solution and ecosystem development
background Although Bitcoin is widely adopted, it has poor scalability. For example, after the Segwit upgrade, the block size is limited to 4MB, and the transaction processing capacity is limited, resulting in long confirmation time and high fees. Its scripting language lacks the flexibility to develop complex smart contracts. Nervos Network Solution Layer 2 solutions: including payment channels, side chains, and Rollups, but with problems of increased complexity, trust assumptions, and security vulnerabilities. Nervos Network itself :The project was launched in 2018 and adopts a layered architecture, including the L1 blockchain CKB (Common Knowledge Base). By modifying the UTXO model and improving the RGB protocol (such as the RGB++ protocol launched in 2024), it provides smart contract capabilities and asset issuance for Bitcoin.
Institution BlackRock continues to buy, but yesterday BlackRock was isolated, with all other institutions selling, including Grayscale and miniETF
Ultimately, there was a net outflow of 540 million USD from Bitcoin ETFs yesterday
As long as institutions do not lead the buying, the market will only move sideways or decline, let alone the significant selling yesterday
66500 is the last hope for BTC support, last night it dropped to a low of 66800, which held up. Looking further down, we can see around 64000 directly
Currently, there’s not much to say, the market has come to this point, the situation has reached this stage, institutions are selling, funds are on the sidelines, let’s not pretend to be bullish or bearish
Waiting for election results, waiting for interest rate cut results
Tonight, I still do not believe that institutions will turn from selling to buying, unless internal news from the election comes out
The election results will undoubtedly dominate the market trends for the rest of the year (with interest rate cut expectations playing a part)
If Trump unexpectedly loses, where will BTC go?
If Trump successfully takes office, there is hope that the promised favorable policies will be realized, and the likelihood of U.S. institutions betting on BTC will significantly increase; the fundamentals of BTC as digital gold will improve overall; heavy investments in mainstream coins $BTC , $SOL , $DOGE
If Harris unexpectedly wins, the SEC is expected to continue its strict crypto policies, and BTC bulls will suffer significant blows in the coming months; the strategy will be primarily bearish
The market has already priced in the expectations of a Trump victory, and the recent decrease in the probability of Trump winning has caused investors who entered the market due to Trump-related optimism to withdraw.
Today is Monday, and as institutions resume trading tonight, it is expected that the majority will be in a wait-and-see mode. Currently, the on-chain future amount of BTC is very high, and the funding rate is also not low. If institutions remain cautious or sell, the coin price will continue to decline like over the weekend
The monetary policy and long-term inflation expectations differ after the two candidates are elected, and the election results will affect the crypto market trends in the next 3-6 months. As users of the crypto market, there is no doubt that we hope Trump can be elected, what do you all think?
The domestic projects really need to be put on the pillar of shame, two projects that left a deep impression this year
Mmerlin (MERL), Scroll (SCR).
Is it a person, or is it a person! I thought it couldn't be that bad, it couldn't drop below 0.9, it couldn't drop below 0.8, it couldn't drop below 0.6 😂😂 But as everyone has seen 😂😂
So where will it actually drop to? The fact is that there will indeed be a bottom, but it's hard to guess. A project that has gone on a centralized exchange will not be completely abandoned, just like Mmerlin, which has continuously declined by 80% since it went online and is now being picked up to play again.
In summary, the new domestic projects, even if they are really a chunk of gold, I do not recommend anyone to play with them, and do not FOMO.
Innovative Financial Protocols in BTCFi, Promoting the Development of the Bitcoin Ecosystem
BTC has been on an independent bull market, and the Bitcoin ecosystem cannot be overlooked. The BTC ecosystem includes not only major players but also capable practitioners who are genuinely working.
Core Highlights of Nervos CKB:
💥Flexible Cell Model
The CKB Cell model resembles a fully functional multifunctional storage cabinet. It can accommodate various types of data and supports the deployment of smart contracts. This feature ensures that the blockchain is secure while being flexible, creating favorable conditions for the expansion of blockchain applications.
Limited options in the Bitcoin ecosystem: $CKB #CKB助力比特币生态
Regarding CKB, everyone knows a little more or less
After all, it has achieved a 1433% increase in this bull market
When mentioning CKB, everyone's first reaction should be: Ah, I know, it has created some innovative protocol called RGB++, very impressive
So what is RGB++:
RGB++ is a highly innovative financial protocol in the Bitcoin Finance (BTCFi) field
As an asset issuance layer, it can issue multiple types of assets. For example, it can issue user-defined tokens (UDT) similar to Ethereum's ERC20 and digital objects (DOB) similar to ERC721, and these assets are stored in Turing-complete UTXOs, equivalent to Ether on Ethereum
It also features a unique IBO (Initial Bitcoin Offering) asset issuance model. This model balances the advantages and disadvantages of traditional venture capital models and fair issuance models, ensuring project team enthusiasm while allowing community participation
As a smart contract layer, with the help of the CKB smart contract stack, Bitcoin gains Turing-complete programmability. For instance, the UTXOSwap decentralized exchange protocol focuses on intent-based transactions, with off-chain matching and on-chain verification, allowing users to actively express trading ideas, making transactions more flexible and enabling the construction of complex DeFi protocols. There's also a stablecoin protocol like Stable++, which can issue stablecoins USDPP, allowing users to collateralize BTC or CKB for minting, freely circulating in the Bitcoin ecosystem, becoming a stable value storage and medium of exchange
At the interoperability layer, RGB++ can connect different UTXO chains, breaking the isolation of assets between different chains. Its unique no-bridge cross-chain (LEAP) mechanism allows assets to transfer between UTXO chains without the need for cross-chain bridges. For example, transferring assets from the Bitcoin chain to the Litecoin chain can be completed by changing the unlocking conditions of the UTXO, making the operation simple and safe, reducing the troubles and risks of cross-chain
In terms of user experience, verification can be completed through Bitcoin and CKB light nodes without the need for additional clients. At the same time, it has high security, with no cross-chain bridges, ensuring asset safety and censorship resistance
In summary, the RGB++ protocol provides new ideas and solutions for the development of Bitcoin, with significant advantages in asset issuance, performance enhancement, and security assurance, and is expected to further promote the development of the Bitcoin ecosystem
The election results will undoubtedly dominate the market trends for the rest of the year (with interest rate cut expectations playing a part)
If Trump unexpectedly loses, where will BTC go?
If Trump successfully takes office, there is hope that the promised favorable policies will be realized, and the likelihood of U.S. institutions betting on BTC will significantly increase; the fundamentals of BTC as digital gold will improve overall; heavy investments in mainstream coins $BTC , $SOL , $DOGE
If Harris unexpectedly wins, the SEC is expected to continue its strict crypto policies, and BTC bulls will suffer significant blows in the coming months; the strategy will be primarily bearish
The market has already priced in the expectations of a Trump victory, and the recent decrease in the probability of Trump winning has caused investors who entered the market due to Trump-related optimism to withdraw.
Today is Monday, and as institutions resume trading tonight, it is expected that the majority will be in a wait-and-see mode. Currently, the on-chain future amount of BTC is very high, and the funding rate is also not low. If institutions remain cautious or sell, the coin price will continue to decline like over the weekend
The monetary policy and long-term inflation expectations differ after the two candidates are elected, and the election results will affect the crypto market trends in the next 3-6 months. As users of the crypto market, there is no doubt that we hope Trump can be elected, what do you all think?
Speaking seriously, but it’s meaningless, the coin price is terrible, no one cares about the ETF, it’s already 2024, and we’re still in the insider stuff #ETH🔥🔥🔥🔥 $ETH
It is important to know that yesterday's unemployment rate data did not increase expectations for interest rate cuts. From the news over the past two days, it seems that Trump's victory is not as certain as before; the gap is gradually narrowing. Could this be a major reason why institutions are not continuing to buy? After all, cryptocurrency is highly tied to Trump.
After a week of frenzy, BlackRock has pulled back. Yesterday, BlackRock's Bitcoin ETF had zero inflows and outflows.
Only Grayscale's mini ETF bought 13.5 million, while other institutions continued to sell everything.
Yesterday, there was a net outflow of 55 million dollars from the US BTC spot ETF.
Although the outflow amount is not large, its impact on market sentiment is poor; big buyers suddenly stop, while small buyers continue to sell. With the election approaching and interest rate cuts imminent, what is going on? Is it another washout? Another wait-and-see?
My view remains unchanged: bullish.
Back to the market, last night around the time institutions were working, there were sharp spikes in both directions, which can be interpreted as leveraged liquidation. The support range of 68500-68850 mentioned yesterday was not breached, and the market remains the same. The second chart is the latest chip distribution chart; from a chip perspective, the area around 66,000 cannot break down; if it does, it will slide directly to 62,000.
Today is Saturday, and institutions are also on holiday; it’s a typical weekend market, particularly dull. Let’s wait for market movements before updating operations.
With spot trading, you buy one and get one set, but with contracts, the win rate is still 100%. Although we look at the long term, it can still be tough. Many fans treat spot trading like contracts. It's unavoidable, and I will post less after spot trading.