Historical data shows that since 2017, the market performance in September has been unsatisfactory every year. So will this cycle repeat?

Technical chart level:

Since the wave of positive stimulus on August 29, according to the 123 rule, the fall below the trend line mentioned last week has been completed. The rebound has not broken through the previous high. There is still a final wave to fall below the previous low, and this round of bull market can be declared. The market is over.

In the medium term, the rebound point of the band is around 2.2w

Data level:

The stock of stablecoins has been slowly declining, and liquidity is gradually drying up.

Macro level:

September is also the time when the FED or Federal Reserve releases the unemployment index, GDP or interest rates. At a recent Jackson Hole event, Federal Reserve Chairman Jerome Powell said the Fed is likely to "continue to push interest rates higher multiple times." This could lead to a flight of funds from an already illiquid market.

1. What are ETFs? What is a Bitcoin spot ETF? ETF is the abbreviation of Exchange Traded Fund, which is a type of fund that allows investors to invest in a variety of stocks, bonds, commodities and other assets by purchasing fund shares, thereby achieving asset diversification and risk control. Unlike traditional funds, ETFs can be bought and sold on the stock exchange. Compared with ordinary funds, the trading method is more flexible, the investment threshold is lower, and the liquidity is higher.

As we all know, most of our daily investments in Bitcoin are purchased on centralized exchanges. As long as we buy it on a regular exchange, we buy genuine Bitcoin spot prices, and the Bitcoin spot ETF is based on the Bitcoin spot price. ETF, which trades at the same price as the Bitcoin spot market price. Investors can obtain investment income from Bitcoin by purchasing shares of Bitcoin spot ETFs without having to directly purchase and hold Bitcoin.

Getting rich overnight is just a myth

24-year-old Yang Yi is the most ordinary young man in the county. After dropping out of high school, he followed his parents to a construction site in the city. He might work like this for more than ten years, save money to build a house in his hometown, marry a wife and have children, and then return to the construction site to continue working, like his father.

But the emergence of virtual currency was the biggest change in his life.

Yang Yi follows people on the Internet to speculate in Bitcoin. He plays with contracts. He can use leverage to "buy coins" and earn profits by predicting the rise and fall of currencies. For Yang Yi, who does not have enough capital, this is a way to play with a lower threshold, but the risks and opportunities are equally great.

There is little discussion about $INJ in China, but if you open the K-line chart and see, this currency has been in an independent bull market for almost a whole year this year. It is very worthy of attention. I have also done some research#NFA#DYOR

For You Information：

1. Basic concepts of INJ

2. Special advantages of INJ

3. After the release of INJ 2.0, the impact of the new destruction mechanism on currency prices

4. Recent currency price performance and unlocking status

@Injective_

Is a layer 1 blockchain optimized specifically for DeFi applications built using the Cosmos SDK. The biggest feature is that it allows third-party exchanges to be built on Injective without permission. INJ uniquely provides plug-and-play financial infrastructure, such as high-performance on-chain decentralized trading infrastructure, decentralized cross-chain bridges, oracles. Machines power the next generation of DeFi applications.

The discussion on Twitter about the sluggish hair-raising industry also triggered some thoughts on my part. I would like to record it on the occasion of the SEI and CC airdrops. Everyone is welcome to exchange and discuss.

content include:

1. Understand the logic of web3 project airdrop from the perspective of web2

2. Three questions about hair-raising

3. Profit-loss ratio analysis

——Understanding the logic of web3 project airdrops from the perspective of web2. Regarding the nature of token airdrops, I will think about and understand them through web2 products. For example, in the early "Hundred Regiments War", all apps will give you free red envelope coupons. Activities such as free takeout for the first time can attract a large number of seed users in a short period of time. On the one hand, user data can be used as results to attract financing. On the other hand, users' usage habits will also provide feedback to promote continuous iterative updates of the product. Similarly, the web3 project also requires user data for financing and as a bargaining chip in negotiations with exchanges. Providing a certain degree of incentives to past ecological builders and contributors will stimulate users' enthusiasm for participating in projects and encourage more builders to participate in the ecosystem. After users obtain airdrop tokens, they can trade in the secondary market, and transactions are active. The degree and liquidity will be greatly improved, and high-frequency transaction changes will also bring market attention. Secondly, these tokens may be used in various scenarios in the project ecology, such as staking, voting, trading, etc., which will help To promote the prosperity and development of the project ecology and lay the foundation for the long-term development of the project. To sum up, these interests drive project parties to share success with users in the form of airdrops. Then the question arises. If you are a project party, when there is a lower cost to maintain ecological construction, or when airdrops will only produce marginal benefits. Will you change your mind when you see benefits?

——————————————————————

Michael Burry Just Shorted the Market for $1.6B

Bought $890M in $SPY puts

Bought $740 million in $QQQ puts

93% of his entire portfolio

————————————————————

Many people are unfamiliar with Burry. Today I will take you to take a look at the life experience of the big short:

early life

Michael Burry was born in San Jose, California in 1971.

When he was two years old, he lost the vision in one eye due to cancer. Since then, he has been wearing an artificial eyeball. In Michael's world, he can only see clearly with one eye.