Hello everyone, I am Zhihuan. Yesterday was a day worth recording in history. The crypto market ushered in an epic crash. The big cake directly fell into a waterfall. For those who have experienced the March 12 and May 19 crashes, this crash may not feel strange at all. The number of people whose contracts have been liquidated has reached 290,000, and the liquidated funds have reached 1.12 billion US dollars. It can be said that there are many bones of people who play contracts, and they are all the kind that have been hung on the wall. In the financial market, wealth will not be created, but only transferred. It is just transferred from retail investors to a small number of people. As for this crash, there are reasons for the implementation of the expectation of interest rate cuts, and there are also reasons for Buffett to sell Apple shares. In the second quarter, he sold a net of $75.5 billion in stocks, bringing his cash reserves to a record $276.9 billion, a significant increase from $189 billion in the first quarter. Among them, Berkshire Hathaway also significantly reduced its holdings of Apple, its number one holding, from 790 million shares to 400 million shares, a reduction of about 49%. Buffett can be said to be a representative of the US economy. He directly sold half of his Apple stock holdings, which means that this century-old man is not optimistic about the US stock market. In terms of emotions, a leader like Buffett, when he is bearish, will definitely affect a large number of people to do the same. Bitcoin and US stocks are linked. The sharp correction of US stocks has also led to a direct collapse and correction of the cryptocurrency circle. Now the trend of Bitcoin, if you want to rebound in a short period of time, it is actually quite difficult to rebound in the short term unless there is a very good news that can drive the funds in the market. Looking at the past market conditions, the 312 and 519 markets were all extreme declines, and the long chips were robbed, and then the big market came. As a participant in this market, in this extreme market, unless you already have a position, then hold it, otherwise, blindly buying at the bottom will only make you slap yourself in the face. Regarding bottom fishing, the global market indices have been unstable in recent days, and the crypto market is no exception. Now all we can do is continue to wait and see, waiting for the market to stabilize and then bottom fishing. Now these chips are really bloody chips. The market is cruel, and it is really easy to be buried if you don’t know anything. This year’s financial market will not be very peaceful, but as long as you can get through it, there are opportunities. This is a historic moment. Don’t question it. When a crisis occurs, there are actually more opportunities, but many people just can’t see it.I would like to recommend another indicator for reference. The current fear and greed index in the market has reached 26. Those who want to buy the bottom of the spot market can focus on the position below 20. When the fear value reaches below 20, the spot market can choose to buy the bottom in batches. #加密市场反弹

It is not an exaggeration to describe today's market as horrible. Why is this happening? Many friends are asking if the bulls are still there? Is it a big wash or is the bear coming? So today I will explain it in detail. First of all, why did this happen? We still have to analyze it from the perspective of macro factors. First of all, the data released by the United States, the United States released unemployment data for July, and this number was much worse than everyone expected. Specifically, the number of unemployed people increased, while the number of people who found jobs was not as high as expected. This led to the triggering of an early warning system called "Sam's Law". Sam's Law is like a red light warning to determine whether the US economy may enter a recession. This law says that if a specific indicator of the unemployment rate exceeds a set threshold, it may be an early signal that the economy is starting to get worse. When this law is triggered, the stock market and other financial markets usually become very nervous because investors are worried that a recession will lead to a decline in corporate profits and a shrinking stock value. This is why after the data came out last Friday, there was panic in the market, and people were worried that the US economy might face a difficult period. According to common sense, the expectation of a rate cut is increasing, which is a good thing for the currency circle because there is incremental capital entering the market. But there is more to it than you think, let me explain. The US stock market has been having a tough time lately, especially with the tech giants like Nvidia, Amazon, and Intel, whose performance has not met everyone's expectations. It's like your classmate who always did well in his exams suddenly failed, which shocked everyone. The stock prices and market capitalizations of these companies have been falling like a slide, which has made everyone more worried about the overall economic situation. At the same time, we have talked about the Bank of Japan's desire to raise interest rates several times before. This is quite interesting because when most developed countries, such as the United States, the United Kingdom, and Canada, are considering or have already started to lower interest rates to stimulate the economy, Japan wants to do the opposite and raise interest rates. It's a bit like when everyone is lining up to buy discounted goods, but someone wants to sell things at a higher price, which naturally stands out.Therefore, if the United States does not cut interest rates quickly to boost the economy at this time, the pressure on the global economy may be even greater. The global economy is like a big family, and the actions of each member will affect others. Now, these macroeconomic uncertainties, coupled with the monetary policy choices of various countries, are quickly looming over the stock market like storm clouds, and global stock markets have become turbulent as a result. In short, everyone's concerns about the future economy, coupled with the different policy directions of various countries, make the stock market as exciting as a roller coaster. The decline in Asian stock markets reflects the increasing instability of the global economy, forcing central banks to consider adjusting monetary policy to meet the challenges. The UK has already taken interest rate cuts under pressure to try to stimulate the economy. Although this drastic change in the macroeconomic environment may lead to increased market volatility in the short term, in the long run, it may herald the beginning of a new round of market cycles. Rate cuts are usually taken when the economy is in trouble, and when the Federal Reserve joins the ranks of rate cuts in September, it may bring a real bull market for Bitcoin. In fact, there is a big wash before each bull market starts. What I want to say is "this is normal". Players who have experienced the previous bull markets should know that whenever the Federal Reserve is about to enter a rate cut cycle, the financial market, that is, the crypto market, will be affected. The closer to the rate cut, the greater and more intense the market reaction will be. This is actually a very good signal because it means that the bull market is getting closer and closer to us. I firmly believe that the bull market is still there. I know it is very difficult, and so am I, but since you have chosen cryptocurrency, you must hold it. Let's meet at the top together and don't give up halfway! #加密市场急跌

Hello everyone, I am Zhihuan. Recently, some fans have been asking me how to choose a wallet. There are so many wallets on the market. Which one should I choose? In the currency circle, if there is anything worse than a sharp drop in the price of currency, it is probably the theft of the wallet. After all, the price of currency rises and falls, but once the wallet is stolen, it is really nothing. In the bull market, virtual currency thefts are happening almost every day. In the past two days, Zhihuan has encountered a friend whose wallet was stolen. Why do I say again? Because there are really too many people who have been stolen recently. The bull market is full of demons and there are all kinds of situations, so it is necessary to publish a special article to talk about how to prevent theft. If you want to figure out how you can avoid being deceived, you must first figure out what is a cold wallet? What is a hot wallet? Let's talk about cold wallets first. In simple terms, a cold wallet refers to a completely insulated and unconnected device. There is no risk of theft for cold wallets, but the only risk is that it will be very troublesome to trade, and usually the private key needs to be copied on paper. Once the note is lost, the wallet can never be found again. Usually cold wallets are stored for a long time, and there are many cases of private key loss. If you want to use a cold wallet, then I suggest you keep your mnemonic phrase in a safe place offline. Even if someone sees the mnemonic phrase you recorded offline, they may not know what it is. Don't bother. Then let's talk about hot wallets. Hot wallets are exactly the opposite of cold wallets. It is an Internet-connected device, an A P P, and can trade assets at any time. But because it is connected to the Internet, its security is naturally not as high as that of cold wallets. The private key may be attacked by hackers and viruses. If you are using a hot wallet, I suggest you register several wallets and separate the wallet where you store coins from the wallet you usually interact with. Do not interact with the wallet with large assets. If you need to rush to a new project or take advantage of some random airdrops, you can transfer money from your wallet with large assets to your commonly used wallet to interact with it. You must ensure that your large wallet is 100% clean. Secondly, cancel the authorization in time, even if your commonly used wallet does not have much funds. Then you must also remember to cancel the authorization after the interaction. For example, the friend I met today transferred all his 32 Ethereums into his wallet, and in less than 20 minutes, the coins were transferred away. Then I learned about his situation. He encountered a scammer when he was taking advantage of the airdrop, and then the scammer authorized his wallet to transfer the coins away. So when you are taking advantage of the airdrop, you must also clearly know whether the link is from the official project channel. Don’t click on any link casually. If you are really not sure, then I suggest you don’t move, or come to Zhihuan for consultation.Putting your assets in Binance EUR is also a good choice. In the cryptocurrency world, risks and opportunities are equally great. How quickly you make money, how quickly you lose money. Everyone in front of the video must improve their cognition and skills, be cautious about every attempt, and be careful. Well, this sharing ends here. Finally, if you are confused about the current market, or want to get views and news from the circle, you can join the psychedelic community, which provides everyone with first-hand information every day, C O R E639. #Btcoin $BTC