The coins withdrawn by whales are fully circulated, transferred to Korean exchanges, and the currency prices are raised. This has become a simple and crude market-making and effective strategy.
Halloween hook is giving out candy online, and Binance News also posted event information. Wan Yi is indeed very good. Buying a hook means buying candy #hook
People is the meme with the lowest market capitalization on Binance. It has good narrative and cultural communication attributes. The organization is also very interesting. The communication power of the name represents the people. There is no reason why it cannot last longer! #people
If the Bitcoin spot ETF is passed now, I think it is not good news based on the overall analysis. This is because it affects market sentiment more by pushing on-site funds to affect prices. Since the world economy has not yet recovered and monetary policy is in an extremely tight state, it is still difficult for funds to continue to flow in. Of course, it is possible to maintain high fluctuations, but it is difficult to last for a long time. We cannot expect that the currency circle will have an independent market. This probability is very small. In addition, it is really a loss for such a major benefit in a bear market. In a bull market, it can rise by 100%, but in a bear market, it may only rise by 30%. Let's take a look at the performance of US stocks in the near future. If US stocks fall, there is basically no chance. Based on the current information, I don’t think the adoption of the Bitcoin spot ETF will directly start a bull market.
For mining companies, 2024 will be a more difficult year. Price maintenance and halving production will cause mining companies to fall into deeper losses (low currency prices will lead to currency price impairment on the balance sheet, reducing revenue and cost expenses cannot be reduced. ), this is a situation commonly faced by miners in bear markets. Generally speaking, the clearing of miners is an important signal for Niu Chu.