The bottom fishing funds have arrived! Just now, Tether has issued 1 billion USDT on the Ethereum chain after a long time, and this money is being distributed to larger institutions. It seems that Ethereum is very attractive at this price, and the big whales are starting to enter the market~😗😗
Sigh, it's not as easy to make money in the crypto world now. With Wall Street's involvement, some consensus on the ups and downs of the crypto market has started to weaken, and it's more linked to Trump, CPI, and the Federal Reserve, which greatly increases uncertainty. Bitcoin's trend resembles a leveraged Nasdaq, and tomorrow there will be the PCE inflation data, which is very critical.
Sigh, it's not as easy to make money in the crypto world now. With Wall Street's involvement, some consensus on the ups and downs of the crypto market has started to weaken, and it's more linked to Trump, CPI, and the Federal Reserve, which greatly increases uncertainty. Bitcoin's trend resembles a leveraged Nasdaq, and tomorrow there will be the PCE inflation data, which is very critical.
Seeing this, I laughed a little unkindly. . . Today's ETH surge was pulled up by Bybit, because you can see from the on-chain data that Bybit is now using USDT to buy ETH through OTC. Because we talked about it yesterday, after the ETH was stolen, it would cause a funding gap for ETH. If users want to withdraw money, Bybit does not have it, so they can only borrow a little first and then buy.
Hey, why do you say that you have to buy even if you borrow? For example, he borrowed 100,000 ETH from the market maker, so in the end, Bybit has to return 100,000 ETH to him, but part of his ETH was stolen, and the other part was withdrawn by panicked retail investors. When the time comes to repay the ETH, where will the ETH come from? So the final result remains unchanged, Bybit needs to buy these 1.5 billion ETH to fill the gap.
However, Bybit ranks in the top few, 1.5 billion is not a big problem, and there are still various loans now, so this crisis has passed.
In the short term, ETH has come back to its previous high of around 2840. The resistance here is quite large, as it has failed to break through it three times before. I think those who have short-term long orders can take profits, and those who are bold can go short. If ETH rises slightly above its previous high, stop loss. As for downward movement, there is hope of going short to around 2750 and 2700.
Update: It will be launched on the mainnet on the 23rd, and the airdrop will be on the 24th. It will be displayed at that time. Sorry, I misread it before, I thought the event was on the 23rd. 😔 Here I want to criticize myself, because I usually do transactions and study on-chain data, and basically don’t go for airdrops, so I am not very professional in this area. You can look at more professionals.
This time it's for real! Vitalik Buterin revealed that Ethereum will start to expand soon, and the Prague test network will be launched on this day! Worried, will Bitcoin and Ethereum hit a second bottom? The latest research report from Wall Street investment banks is out. Will the next inflation data PCE plummet? The results of the agency's prediction are actually like this...
Is the dawn coming? Ethereum will expand 18 times again! Did you know that this upgrade will change everything? When will the Prague upgrade testnet be launched? You must know this important date, as it will be the clarion call for the cryptocurrency industry’s Jedi counterattack! Will the upcoming PCE inflation data be positive? Let's follow Shuqin to find out.
First of all, I want to talk about several potential time points for the cryptocurrency market to explode. The first one is February 25. At 6 a.m. on this day, the much-anticipated Ethereum Prague testnet HoleSky will be officially launched, marking the official launch of the Prague upgrade, which is of milestone significance.
[Opportunity] The latest hot coins in the cryptocurrency circle are here, seize this rising trend! AI16Z plummeted 90%, can you buy the dip now? Which coin is expected to be listed on Binance? I am most optimistic about it! Is Ondo worth buying? Ethereum whales have taken action! What is Virtual coin and what are its benefits?
This coin is going to go up! My friends, the new hotspot in the cryptocurrency circle is here. These two tracks are about to explode. Maybe you can even log in to Binance spot. Hurry up and ambush with me! Add 500 million! Family members, this whale is crazy and is hoarding this coin crazily. Is the opportunity to get rich coming? Let's follow Shuqin to see. The first one is the coin that is expected to be listed on Binance spot, which is the long-silent Ondo.
Binance now lists coins regularly, and most of them are selected from Binance Alpha. This week, Binance Alpha added several new coins, most of which I think are just runners-up. The most likely one to be listed on Binance is Ondo.
Has the tariff war begun? Will Bitcoin soar? The Ethereum Foundation has awakened! This coin is going to rise, and there are opportunities. Will Wednesday's CPI be good? Come and see what the experts say! Bitcoin mining difficulty breaks the historical high again, what does this mean?
Trump is going to impose tariffs on countries around the world tonight?! Will the cryptocurrency market plummet or will the bad news be exhausted and then start to soar? According to rumors, the CPI data on Wednesday will be unexpected! This prediction comes from the Federal Reserve's internal data and is absolutely reliable! Everyone, please take a look. 200 million funds flowed in! This coin is about to go bullish. Let’s follow Shuqin to see it~
First of all, there is the upcoming big news. Trump will announce a policy of increasing tariffs on other countries this week, and said that this tariff will apply to all countries, and the impact will be very large. This announcement will most likely be released tonight, so it can be said that it is just around the corner. Shuqin hopes that everyone will be prepared.
I have seen all the messages you have sent. I will chat with you later. Because the current average price of Ethereum short positions is relatively high, basically between 2800 and 2850. Assuming that you have already taken profit, the profit in this range can be used as a high-altitude defense, which is equivalent to a higher average price than our current positions.
Assuming that you want to take profit, you should also take a high-altitude position after taking profit. Do not take a low-long position.
At present, we do not consider any low-long position, only high-altitude position. Although the short-term entry rate is increasing, my personal opinion has been told to you. #币安Alpha上新 $ETH
The articles written by the beautiful Qin'er are of high quality 🤪
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[Breaking] Is there another hiccup in the Ethereum upgrade? When will it finally upgrade? Accurate news is here! The dollar is plummeting! What will happen to the crypto market? Latest progress on Sol and XRP's ETFs! Where are we in the process? Be careful, the latest U.S. inflation data is coming!
First-hand news from the entire network! Family members, the Prague upgrade has finally been set, and the specific update time will be on this day! What is the latest progress on the ETFs for Ethereum, Sol, and XRP? Where exactly are they in the process? Just as one wave settles, another rises. U.S. inflation data is about to be released. Will it be bearish again? Let's see together with Shuqin~ First of all, the long-awaited Prague upgrade finally has a clear timeline. Shuqin stayed up late yesterday to listen to the Ethereum Foundation's live broadcast and received several very clear messages.
According to Tim Beiko, the person in charge, Ethereum will undergo a hard fork upgrade on the testnet Sepolia on March 6, and this date was also posted on the public screen. After that, Ethereum's mainnet upgrade will have a 30-day observation period, which is also noted on the public screen.
There is no shortcut on the road of trading. Everything you think is easy for me, everything you think is calm and indifferent, is the silent contribution behind me Are you still celebrating the New Year with your family⁉️ Except for having a birthday meal with my mother on New Year's Eve, I did not participate in any Spring Festival activities, did not accompany my family to travel, did not meet with my old classmates, friends and brothers, and watched the market alone in my studio Born lonely, born with different views from most people, more than 20 years of lonely life in exchange for my born different market views and trading talents from most people, who will take my place in the pain of more than 20 years of hesitation⁉️ After more than 20 years of loneliness and hesitation, there were countless failures, I watched the market for more than 16 hours a day for 6 years, and the 6 hours I slept every day, I had to be woken up by the market alert at 2 o'clock in the morning to watch the market. Kobe asked me if I had ever seen Los Angeles at 4 o'clock in the morning⁉️I really wanted to answer him that I saw it 20 times a month. So behind all the strength is the effort and sadness that you can't see. Of course, there are villains in your life who can't stand your success and good fortune, but you have to be worthy of your past self and your heart. Whenever you want to do something big, there will always be some villains around you pointing fingers🫵It doesn't matter, you have to be worthy of your past self🥰
No matter what old Bao puts out, as long as Qin'er is happy and joyful for the New Year, that's all that matters 🤪
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Master Bao is going to make trouble again tonight! ? What will the Fed do...? First of all, we can be 100% sure that there will be no rate cut tonight and the interest rate will remain unchanged. This negative news was already priced in when Powell released the hawkish policy in December. It fell again this morning and the market has fully priced it in.
In fact, regarding the impact on interest rates, the negative news will be exhausted tonight and the market will start to rebound. This is the same logic as the decline after Trump took office/ETF passed and other positive news. Everything will turn around.
In addition, the Fed has the opportunity to leak that they will consider stopping QT balance sheet reduction. This will be a huge positive, and the market has not priced in this news, at least retail investors have not. Once the Fed releases this news, the increase will be amazing.
I think the Fed will definitely announce the discussion of stopping QT at either this or the next meeting. I hope he can announce it this time because his overnight reverse repurchase is almost bottoming out.
The above is based on rational analysis. Another uncertain factor tonight is Powell himself. Shuqin has no way of knowing what he is thinking in advance, but the US stock market has fallen so much recently, I don’t think he will be very aggressive, otherwise I will...!! 😢
No more words, let's start sending red envelopes🧧 Starting tomorrow, I will officially analyze the market. There's no way around it; to help everyone make money, I have to sacrifice my vacation🤷♂️ $BTC