Analyst: Bitcoin miners' balance decreased by 90,000 in the past year, stable selling may be for operating costs

Coin World News reported that on X, on-chain analyst Maartunn shared data from IntoTheBlock stating: "In the past year, miners' Bitcoin balance decreased from 1.99 million BTC to 1.90 million BTC, a decrease of 4.74%. Miners are selling steadily, but the amount is not large. This indicates that they may be selling some BTC to cover operating costs."

Contract K-Line Popular Science

I. Bottom Picking Pattern - Head and Shoulders Bottom
The Head and Shoulders Bottom is a typical trend reversal pattern that appears as a bullish formation at the end of a downward trend. The shape consists of the left shoulder, bottom, right shoulder, and neckline; the Head and Shoulders Bottom is one of the most common K-line patterns for determining significant market bottoms.

The characteristics of the Head and Shoulders Bottom are as follows:

1. The market experiences a sharp decline, followed by a rebound that creates the first trough, known as the left shoulder.

2. The first rebound is blocked, the market declines again, breaking below the previous low, then rebounds again, forming the second trough, which is the head.

3. The third rebound is again blocked at the high point of the first rebound. The market begins to decline for the third time but does not go lower after reaching a position close to the first trough and rebounds again, forming the third trough, commonly referred to as the right shoulder.

4. The line connecting the high points of the first and second rebounds is the neckline that hinders the price increase.

When investors encounter the Head and Shoulders Bottom pattern, how can they find the best buying point?

1. When the price starts to break through the neckline, it is a clear bullish signal, and it is advisable to consider buying. The market is likely to rise afterward, and this position is usually referred to as the first buying point.

2. If the price breaks through the neckline and then pulls back, stopping and rising again near the neckline, additional purchases can be made. This position is usually referred to as the second buying point.

3. If the price pulls back after testing the neckline and then rises again to break the previous high, buying can be considered at this point, which is typically referred to as the third buying point.

Warm Reminder:

1. When the embryonic form of the Head and Shoulders Bottom appears, it is essential to make rhythm judgments about the subsequent market movements based on the above situations to confirm whether it is a Head and Shoulders Bottom reversal pattern.

2. It is crucial to pay attention to finer differences in strength and angles, striving to achieve early predictions. When the market operates in line with expected rhythms, it is essential to participate decisively.

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If the global cryptocurrency market capitalization reaches $15 trillion, Dogecoin (DOGE) could surpass $250 billion.

Despite Dogecoin's origins as a meme, it remains one of the most prominent crypto assets in the market, valued at $61 billion. This market cap places it ahead of utility tokens like Cardano (ADA) and Tron (TRX).

As of the time of writing, Dogecoin's trading price is $0.4010, up 252% in the last 60 days, far exceeding the 45% growth rates of Ethereum and Solana. With nearly a year left in the ongoing cryptocurrency bull market, Dogecoin's performance is expected to become even more remarkable;

It is worth noting that the global cryptocurrency market cap is currently $3.65 trillion, with Dogecoin at $61 billion. This article explores Dogecoin's potential price and valuation in the event that the global market cap reaches $15 trillion.

Dogecoin Price at Global Market Cap of $15 Trillion

Notably, with a market cap of $61 billion, Dogecoin currently accounts for 1.67% of the global cryptocurrency market cap of $3.65 trillion. For the global cryptocurrency market to reach $15 trillion, it needs to grow by 310%.

Therefore, Dogecoin's market cap could reach around $250 billion, especially if this meme coin maintains its current dominance and circulating supply. In this scenario, a $250 billion market cap would translate to a price of $1.70 per Dogecoin.

For market participants holding Dogecoin at the current price, this would mean their portfolio would grow threefold. #狗狗币崛起

A renowned market analyst discussed his ultimate XRP investment strategy during a sustained bull market, identifying an attractive profit range.

Since the U.S. presidential election on November 5, XRP has experienced a significant rebound following Donald Trump's victory. In November, XRP soared by 283%, an impressive feat, and then rose another 26% in December, maintaining above $2.

XRP Profit-Taking Targets

This ongoing bullish momentum has sparked optimism among investors, most of whom are seeking effective strategies to maximize profits during this market cycle.

Renowned analyst EGRAG revealed his XRP investment strategy, emphasizing a profit-taking range of $4.4 to $27. His approach is based on Fibonacci retracement levels, which analysts frequently use to identify potential price movements.

EGRAG's profit-taking targets include $4.42 (Fibonacci 1.414), $6.56 (Fibonacci 1.618), $8.39 (Fibonacci 1.272), $13.73 (Fibonacci 1.414), and $27.86 (Fibonacci 1.68). He explained that as XRP continues to rise, these price points are crucial for investors aiming to secure profits.

Investment Strategies for Short-Term XRP Holders

To provide guidance, EGRAG outlined several profit-taking strategies tailored for both new and experienced investors.

Notably, for those wishing to take a systematic approach, he recommends percentage-based selling. In this method, investors can sell a fixed percentage of their holdings, such as 25%, at each target price while retaining the remainder to capture potential future gains.

Another option is incremental selling. This would allow investors to sell smaller amounts each time, such as 5% of XRP at a fixed numerical increase, like $0.50.

However, some investors may prioritize recouping their initial capital before implementing other strategies. This enables them to minimize risk while potentially maximizing long-term profits.

Alternatively, some may prefer to sell their entire holdings after reaching personal price targets. In context, this would ensure they adhere to a clear exit strategy.