Is the HOLD mentality still valid this season when projects push valuations high and then dump as soon as they list?
A typical example is the new tech crowd listing on Binance $EIGEN, $SCR, or the old ones like $STRK, $ZK, $W compared to other CEX listings like $GRASS, $VISTA, $DEAI,.. which makes one feel a bit sad.
The project developers this season just want to make quick money because when they list on the exchange, they throw a bunch of tokens and if they donât dump, the exchange will dump it anyway, and in the end, both dump each other, while users, due to the allure of high-tech and large funding, get hit hard.
So, brothers, understand that the MM + DEV this season are making quick cash, they are not willing to push for more liquidity at all.
Tokens are just air created comfortably, only your money evaporates along with that air.
Anyone who has been bitten already should consider it a lesson, I am the same. So, be careful of big scams in the future. #BTCâ
Optimistically speaking, the altcoins are still in the bottom range, guys.
Only BTC is flying.
Let's look back at the 2020 season.
$FTM $AXS $SOL $MANA $NEAR flew 10-30 times like this.
After the ETF, if it doesn't fly, does that mean BlackRock's fund is at a loss, right guys?
MicroStrategy just bought more BTC at a price of 68 again.
It is believed that after the increase from October 2023 to April 2024, the market has reset, and altcoin projects have been listed to cash out and recover capital + make profits. Those who took profits have already taken them, and those who lost have already lost; generally, there are currently more losers than winners in the market.
Overall, we can expect that in the near future, the market will increase in price for at least the next 6 months, as this is not just a recovery wave of Bitcoin but a growth wave.
Looking back at the previous season, we see that most altcoins began to rise sharply from mid-January 2021, such as $SOL, $ADA, $AVAX, $SAND.
However, even though BTC fell due to COVID in July 2021, it was after that that altcoins officially started to grow strongly and then also decreased with the market from November 2021.
Please note that $SOL only really increased after July 2021, just like the timing we are in now, guys.
1) $SCR: A new low every day, dividing 2 since the listing date.
2) $ARB: Decreased by 80% from ATH, still about 11% away from the low of 0.4316$ . Over the past year, more than 2 billion tokens have been unlocked, with the current price around 960 million USD.
3) $OP: Decreased by 71% from ATH, still 3 times from the low. More than 470 million tokens unlocked in the past year, with the current price around 640 million USD.
4) $STRK: Decreased by 92% from the peak, still 6.4% away from the low.
Most of the tokens have been unlocked and then dumped, the prices are divided, the conclusion is simple but sufficient: #BTCâ Add my personal page to read more of the latest information about the market.
The most sustainable increase index since the beginning of 2023 until now is BTC.D...
Surely you wish that the coin you bought would also drive the price up like this to ease your suffering?
This moment made everyone doubt BTC being so close to its all-time high, while Bitcoin's DOM continues to probe for new highs during this time... It makes us always fear that BTC and DOM could trap at any moment.
Buying makes us fear BTC correction because we have been so scared that for the past few months, buying has only led to losses, and not buying makes us regret when BTC rebounds.
Investing has never been easy; only by setting long-term goals can we survive and thrive through each season with this market? #BTCâ Come to my personal page to read more of the latest information about the market.
â $BNB has just completed the 29th quarterly token burn with 1.77 million tokens equivalent to more than 1 billion dollars burned, but the price did not increase, in fact, it decreased.
- It is also understandable because the entire market is currently declining; just maintaining the price is already a positive thing for any project.
- More importantly, #BNB is one of the few top coins from the previous season whose price has returned to its peak and has broken its ATH this year.
- The overall market is struggling; most altcoins are experiencing significant drops, while BNB is currently only about 30% away from its peak, which is a positive sign for holders.
- Binance's goal is to reduce the supply of BNB to 100 million tokens from the current 200 million tokens. As the supply decreases, the price is expected to increase. Unless there are legal issues, I believe this is one of the top coins with stable and safe growth.
At the beginning of the week, the odds of Mr. Trump winning on Polymarket have dropped from 66% to 55%.
On November 5, the election, on November 26, the Court is expected to announce a verdict for Donald Trump in the case where he was convicted of falsifying documents to cover up a payment to silence a porn star.
Hope always wants Mr. Trump to win due to the impact of this news on $BTC recently as you all know. The odds on this platform are not the deciding factor for who wins, okay. #BTCâ
You can visit my personal page to read the latest information about the market.
â In the tap to earn meme collection of TON, I only see $DOGS as the most decent one.
- A common characteristic of memes on TON is that after listing, the chart just dumps and a large part of the pressure comes from airdrop.
- Among these tokens, besides having a large number of users, $DOGS and $NOT are rated the highest because they have heavily airdropped to users, but personally, I still prefer DOGS more.
- Because #DOGS has a more interesting fomo story and anything related to dogs generally has a better reception and is more welcomed by the community.
- DOGS has a market cap of $308m, which is significantly lower than NOT at $666m, so the growth potential will be higher.
- As for the other tap to earn memes of TON, I do not rate them highly because of weak community and the volume is not outstanding.. #ton #dogs Come to my personal page to read more about the latest information on the market.
đą The most trusted #Layer2 project #Optimism has broken the trend increasing on the daily frame.
As for other Layer 2 projects like $ARB $ZK $STRK ... since they haven't increased much, there's nothing to drop. đ€Ł
đ Waiting for $OP in the bottom zone on 5/8 to accumulate is nice, isn't it? Should we accumulate $OP now that we are already invested in $STRK and $ARB? #layer2 Come to my personal page to read more of the latest information about the market.
The old man $BTC remains still while the altcoin crowd is in shambles!
The weekend is blood red, if the old man goes to 1k tonight, the altcoin surely won't survive, my friends.
DOM has risen to nearly 60.5% now, at this rate it should reach 61-62 soon.
Let's focus on eating, drinking, and resting early because there's no money for partying... #BTCâ Come to my personal page to read the latest information about the market.
#Binance new coin list just for dumping and dumping?
The bookmaker is betting according to this trend!
1. List high valuation for a few initial projects (brothers criticize or doubt) => MM pushes a few projects => Brothers accept that valuation level and consider it the standard.
2. Then list a series of Altcoins at that valuation level and dump.
===> For example, coin A with a market cap of 500M attracting a lot of liquidity, then coin B will launch with a market cap of 300M and an even more attractive proposition => Brothers rush in and get dumped thoroughly.
The MM + DEV this season are making cash, they are not willing to push or pull additional liquidity at all.
For example, letâs recall the period of January and February => Strongly pushing L2 is $OP, $ARB then listing $STRK or $ZK, brothers say it is cheap immediately, and there are countless L1 projects, Gamefi,.... also using this play style. #BTCâ
Brothers visit my personal page to read the latest information about the market.
đš It has been 3 years in the last 2 recent cycles that BTC.D reached the highest mark of ~70% 2023 and 2024 are also years when $BTC only increased continuously and rose more than 4 times from the bottom.
If the cash flow continues to pour strongly into BTC like this, then billion-dollar technologies are preparing to be brought up to the scrap yard soon
Do you remember the feeling when the house edge shook $Sol from 4$ to 1$ and then pumped up to 250$ ? #BTCâ
Come to my personal page to read the latest information about the market.
Election day on 11/5 is coming soon and $BTC has had a push up to 73K in the last few days, but 90% of the capital flow is concentrated on $BTC itself while Altcoins or $ETH have not shown any signs yet.
$BTC -> Meme - ?
Currently, I see that although the $BTC market just dumped to 69KX, altcoins also show no signs of absorbing the capital flow and are still dumping.
There are only 3 narratives absorbing capital this time that I observe:
1 Layer1: $SUI, $APT .... 2 AI + Depin: Should pay close attention to Depin. 3 Meme.
Many people ask why Layer2 is not pumping, but personally, I see:
The essence of the problem is that $ETH has not pumped yet, and there are still no signs of MM or ETH Foundations accumulating, so the essence of the issue is that L2 wants to pump again soon but it is difficult and requires patience to wait for MM to accumulate enough.
You can look at $OP and $ARB, which I analyzed yesterday, to understand better.
From my perspective, November is still the month of accumulation for MM teams.
At this point, if there is a dump, it may be 30-40% more at most, but you should focus on foundational projects to avoid being REKT and strong projects being built during this downturn will likely thrive.
On October 29, killed $190 million in short orders On November 2, killed $190 million in long orders
As election day approaches, it's truly dangerous as it coincides with the beginning of the month. #MarketDownturn Add me on my personal page to read the latest information about the market.
The world is buzzing that Wintermute is a market maker involved in many meme projects recently.
Previously, I mentioned that #wintermute is currently holding 22.9 million $ARKM (Circulating supply is 297 million, so this market maker holds 7.7% of the circulating supply).
ARKM has also increased in price recently, and the Solana meme ecosystem is undeniable, from pumps to being listed on Binance futures, overshadowing techcoins.
The current situation is like this, and Wintermute's wallet still has some memes:
- 20.17 million $GOAT (~10.78 million USD): Already listed on Binance futures. - 40.01 #MOODENG (~8 million USD): Already listed on Binance futures.
These meme coins are currently adjusting like previous memes before being listed on Binance. I believe when the market recovers, these memes will definitely see waves; you should check the volume, it's all top volume.
Enjoy the reference information. #btc Visit my personal page for the latest information about the market.
Currently, $BTC has been and is killing High leverage and the price ranges killed are 70K4 - 68K5 and $BTC has killed about 85% and has also reacted
In return, the ratio of LONG to SHORT remains overwhelming. Although nearly all high leverage is being killed, the pressure to open positions from the LONG side will cause $BTC to continue killing LONG. This is very dangerous
That is the harm and impact from the minted $1B that I wrote about earlier
The minted $1B for such a large amount of money requires a sufficiently good position. And legitimizing the liquidation killing
non-farm payroll has dropped down $BTC build a lightweight column back to the price area this morning
Non-farm payroll dropped sharply but the U.S. Bureau of Labor Statistics has defended it by saying: "The storm may have affected October employment data for certain industries."
not to mention they also revised down the August + September figures by 112,000 compared to the previous report.
that's why I said the data is completely fictional, it's easy to manipulate however you want, generally speaking, they release news to have a reason to draw charts logically, otherwise, when there's a pump and dump, people immediately see the deception of the bookmakers
looking at the overall picture, it is clear that MM is drawing the #Bitcoin chart going up, of course, there must be long kills and short exterminations in the process of going up, it's not easy to go up in a straight line
around this time next week is Trump and $BTC in tandem to party hard for all to see
Many brothers are asking for my perspective on the fact that $TIA unlocked a large portion, 80% of the total token supply, what will the future look like?
All of the unlocked tokens are for the team and the fund - currently, those who still hold are the ones who will hold firmly because there have been quite a few OTC selling orders for TIA in the two-digit price range, the fund and team members who wanted to sell have sold everything OTC.
In the short term, personally, I see that the chart for $TIA will continue to pump and dump, testing supply and demand, and then wait for the right moment to rise during the bull wave to distribute the goods!
This is a very good phase for VC projects, tech coins to offload their holdings as confidence in these coins has plummeted uncontrollably and is almost at the bottom! #BTCâ