Bitcoin has fallen! BlackRock's warning is coming! ?
Bitcoin briefly rose to $70,000 at the beginning of the month and then fell all the way. The total market value shrank by $300 billion, and the $4 trillion milestone is hopeless!
This is directly related to the high interest rate warning made by US Treasury Secretary Yellen at the beginning of the month. She said that high interest rates make it difficult for the fiscal department to control deficits and interest expenses, and may also cause cryptocurrencies such as Bitcoin to collapse.
This hits the pain point of crypto investors, and then crypto market assets will go down painfully.
BlackRock, the largest issuer of Bitcoin ETF, also warned that unprecedented situations will hit Bitcoin prices and markets.
BlackRock analysts said that central banks of various countries have to keep interest rates higher than before the epidemic to deal with inflationary pressures, and this chaotic situation will continue for a long time.
The price trend of Bitcoin reflects this attitude. After reaching a high of $71,907 on June 7, it has fallen by about 10%. Now Bitcoin is trading at $64.319.
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Altcoins plummeted, is the opportunity to buy at the bottom here! ?
Except for Bitcoin, Ethereum, BNB and SOL, most altcoins have been cut in half from their March highs, and some are even worse!
Bitcoin falls 30% and it is a good time to buy at the bottom, about 52,000, which may be reached in the near future.
Congratulations to those who are short or have not entered the market, there is a chance to buy at the bottom!
Many people are scared by the big plunge. I have floating losses in spot but I firmly believe that the bull market is coming this year.
Now buy at the bottom of mainstream coins, Ethereum is more stable than Bitcoin, Bitcoin has a large selling pressure on the chain, Ethereum has no real selling pressure, Ethereum ETF will be launched in mid-July and Wall Street funds will flow in, so it is strong as long as there is buying!
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The lie of non-farm data will be exposed, and the crisis is approaching? Can the Fed turn the tide?
The non-farm data whitewashes the situation every month, but in the end, the truth is ruthlessly revealed by the revision after the month.
Today, the market has long been numb and immune to non-farm data, and the lies carefully woven by the Federal Reserve are on the verge of collapse.
If there is still no interest rate cut in September, I am afraid that the terrible crisis of 2008 will be repeated.
Looking back at history, Japan was able to respond quickly, but now a certain big country seems to be stuck in a quagmire and has not seen effective action.
The urgency has been expressed in words, and it is eagerly seeking answers in full view of the public.
In order to protect the exchange rate, liquidity is actually withdrawn. Such a move is really ridiculous.
People can't help but worry that 2023 may be a year of misjudgment for a group of decision makers, and they are collectively facing the crisis of stepping down.
And the successors are inevitably uneasy, and the road ahead is full of unknowns.
Objectively speaking, the Fed has indeed tried its best, but it is not an omnipotent god.
If we could have half the skill and wisdom of the Fed, today's situation might be very different.
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Whale made a mistake and missed millions of dollars in profits! ?
Just about a few hours ago, a remarkable whale deposited about 519B of $PEPE to #Binance, with an estimated value of about $5.11 million.
However, it is regrettable that the whale is expected to lose $207,000.
You know, as early as before the ATH at the end of May, the whale had accumulated these $PEPE tokens. If he had sold them decisively during the surge, he could have made a huge profit of $3.47 million!
This whale still didn't understand the key truth of taking profits in batches! What's worse is that in addition to the losses on $PEPE, the whale also suffered an unrealized loss of up to $6.68 million in $AAVE and $YFI, which is really jaw-dropping!
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The German government is selling Bitcoin like crazy, and the price may plummet! ?
No one can stop the German government's Bitcoin sale plan! This is a decision made by officials after a long period of discussion, and once it starts, there will be no turning back.
The government publicly sells Bitcoin in exchange for fiscal budgets, which makes Bitcoin a national reserve and can help Germany cope with the economic crisis.
Germans are well aware of the value of Bitcoin, but this is very unfavorable to the price of Bitcoin.
The government has sold 10,000 coins, and there are more than 40,000 coins waiting to be sold. If it continues to sell, the price will definitely plummet!
Referring to the last Grayscale sell-off and Mentougou incident, the impact of Mentougou's compensation is very large now, and the second phase of compensation will put huge pressure on Bitcoin!
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Big Bitcoin Trend Warning: An Upcoming Crash Storm?
Major Alert! Big Bitcoin is very likely to approach 35,000 in the next month.
This impact will completely shatter the fantasy of the bulls. Only after such a heavy blow can a real rebound be ushered in.
The previous rebound near 56,000 was at most around 59,000, and then a real waterfall market will begin, and there is even a terrible possibility of falling below 30,000.
Originally, I expected to see a price of 45,000, but the reality is shocking.
The number of leeks who bought the bottom today is much greater than when the previous wave fell to 56,000.
The entry rate of bulls has reached the most exaggerated 420% in the past year. This means that for every 10 people who enter the market to buy the bottom, 7 are firmly bullish.
But everyone must be clear about a key point. Our own leverage is only one times. The part beyond one times is all borrowed from the dog dealer.
If the size of the long position is so huge that it is exaggerated, and the real long and short data is centered on 80% long positions, can we still expect to pull the market?
Friends, the situation is serious, so be cautious!
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We are currently in the middle of the bull market under the general trend, and it is normal to see fluctuations at this stage.
Take Bitcoin for example, it is common for the price to fluctuate between $50,000 and $70,000.
Among the many sectors, MEME, AI, and SOL are particularly outstanding.
They contain huge opportunities in this round of bull market, not only in large numbers, but also in strong stability.
PEPE is particularly noteworthy. It plays an important role in this round of bull and bear market, running through it from beginning to end.
Remember that BOME's current status is just like SHIB at the beginning. It is the second currency with frog IP listed on binance, and its potential should not be underestimated.
Dear friends, in this wave of cryptocurrency, opportunities and challenges coexist. Only by seizing the opportunity can you reap a lot!
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Don’t panic! High-quality coins will rise, but altcoins should be careful! ?
The recent market crash may be the most severe adjustment in the past six months, and everyone is in a bad mood!
But I will cheer you up! High-quality assets like Bitcoin, Ethereum, and Solana will definitely rise in the long run! No matter what price you buy them at, you will get your money back!
But this will take a while. Don’t be scared by short-term fluctuations, and don’t sell them randomly! But altcoins are hanging on, and a 40% or 50% drop may directly return to zero and never come back!
So everyone stay steady, hold on to high-quality coins, and be cautious with altcoins! Cryptocurrency has a cycle and will recover soon. At this time, patience and persistence are the most important!
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IO token is about to explode, hurry up and ambush! ?
Yesterday, the stock market plummeted and retail investors cut their losses. ETF institutions took the opportunity to buy crazily. Fidelity FBTC had a net inflow of US$117.4 million yesterday. Institutions firmly believe that the bull market is coming!
At this time, we should lay out high-quality targets in advance, such as IO. IO is a star in the decentralized infrastructure track with huge potential. It focuses on GPU computing, is 100 times larger than its peers, and is the first to integrate advanced ML technology stack practices.
If the GPU capacity can be increased to 500,000, it can provide Web 2-like services at a low cost, and establish a core position through cooperation.
The first launch was completed on Binance Launchpool on June 11. The future development will be faster, and it is likely to become the leading token in the track.
UWEB and JDI Global reports pointed out that DePIN has a good prospect and the market size will reach US$3.5 trillion in 2028. So I firmly ambush IO tokens!
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The German government and Mentougou are messing around, is the cryptocurrency world going to be ruined?
The unethical German government and Mentougou have been transferring large amounts of BTC to CEX to create panic!
If CEX does not work together to monitor abnormal funds, the cryptocurrency world will be in trouble!
The German government and Mentougou have less than 200,000 bitcoins combined, but the top 9 spot ETFs hold more than 860,000 bitcoins and have not crashed the market!
Why? They bought it with real money, which has costs, and they sell it only when they make money.
The German government has no costs for the fines and confiscations, so it is a waste of money no matter how much it sells, so it is a fucking violation of the rules, just like the original shareholders of the stock market selling at will, which is a disaster!
Mentougou locked up its position because of a crime, and now it has no costs. The market is afraid that customers will crash the market because they are afraid of receiving it. It's terrible!
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Big investors were slaughtered, and USDT was at a crazy premium?
Bad news hit like a storm, and the price of the currency plummeted all the way, directly breaking through 54,000!
Those guys who vowed to buy at 56,000 have now disappeared, and the price of the currency has actually fallen to 53,000!
This is a disaster! Big investors were liquidated one after another, and a whale's 24.64 WBTC and 173,230 cETH disappeared in an instant, and the loss was terrible!
What's even crazier is that the over-the-counter price of USDT soared to 7.46 yuan, with a premium rate of up to 2.63%.
It is said that some people even mortgaged their houses to add margin, which is crazy!
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Sun Ge made another move! 80 million USDT may stir up the market?
Breaking news! According to TechFlow, on-chain analyst @ai_9684xtpa detected an amazing scene!
Five minutes ago, Sun Yuchen's address 0x79a...4b163 received a total of 30 million USDT from Aave from the transfer address, and then all these USDT were recharged into Bitfinex.
Moreover, this is not Sun Yuchen's first big move! Since July 2, Sun Yuchen's three addresses have transferred up to 80 million USDT to the exchange!
What does such a large-scale flow of funds mean? Is the market about to usher in a huge change, or does Sun Yuchen have another layout?
This series of operations has undoubtedly aroused widespread attention and speculation in the market. Investors are watching closely, trying to find clues to the market trend.
Golden Finance reported at 1:25 on July 5 that Sun Yuchen's address 0x79a...4b163 received 30 million USDT from Aave from the transfer address, and then recharged all of it to Bitfinex;
From July 2 to date, Sun Yuchen's three addresses have transferred a total of 80 million USDT to the exchange.
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Bitcoin keeps falling, panic spreads! Can $55,000 be a life-saving straw?
Today, the entire currency circle is filled with a gloomy fog, and almost everyone is bearish on BTC!
Even those experienced and skilled investment masters have lost their principal, and the panic has spread rapidly like a plague, and the severity is beyond imagination.
Let's review the previous bull markets. When Bitcoin entered the main rising wave stage, the biggest retracement was only to the monthly EMA9 to stop the decline and turn upward.
At present, the position of the monthly EMA9 is around $55,000.
In my opinion, the current situation is likely to be a callback after the first wave of the main rising wave.
So, can the vicinity of $55,000 become a solid line of defense to prevent BTC from continuing to fall, so as to stop the decline and stabilize?
As for whether it will be a good situation of reversal or just a short rebound, everything depends on the subsequent development trend.
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Sun Yuchen threw a blank check to seize the Bitcoin in the hands of the German government! ?
Breaking news! Sun Yuchen actually wrote a blank check to the German government, targeting the Bitcoin held by the German government, in an attempt to ease the current Bitcoin selling pressure like a flash flood.
This is not a joke, they are ready to sit down at the negotiation table and have a good chat with the German government.
You know, the German government has not been a vegetarian in recent months. It has seized tens of thousands of Bitcoins on illegal platforms.
Moreover, the German authorities have been so fierce this week that they have been sending tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges for a whole week.
At this time, the CEO of Arkham spoke up and said that Bitcoin is always sent to the central cryptocurrency exchange for the purpose of selling.
Sun Yuchen made a ruthless statement: "I am ready to negotiate with the German government. I will buy all the BTC on the market and do my best to reduce the impact on the market!
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In recent months, BTC has plummeted wildly! Since the halving, the selling frenzy has continued, Grayscale, Mentougou, the German and American governments, and miners have all joined in!
Under the conspiracy theory, did the selling bring down the market? Is this normal?
The currency circle is no longer the same as it used to be. It is difficult to get rich by relying on the first level and mining. It is all controlled by institutions and big data. It is time to test your mentality and professionalism!
The German government has 43,000 and Mentougou has 140,000. The on-chain data shows that it seems to be related to the selling of the United States, Germany, and Mentougou.
But in the three working days this week, the selling data of the exchange was pitifully small, and the selling pressure hit a new low in the past six months.
Is selling pressure the main reason? In fact, liquidity and purchasing power are too weak, and it seems to be controlled by segmented selling pressure!
Now it is bottomless, just like the correction of the big bull market in 2021, the one-sided market is also an opportunity, 80% of the old positions have exploded.
It was expected long ago. Last year's macro bull market planning said that there would be a big correction around July!
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The US non-farm data for June will be released, and the situation is complicated! ?
The US will release non-farm data for June, and the market expects the number of employed people to increase by 200,000, which is less than 272,000 in May.
The average monthly increase was 183,000 before, which looks good, but some people don't believe it.
The chief economist of Regions Financial said that the government's employment survey is inaccurate, the initial estimates of the non-farm report are often too high, and there are few actual job opportunities.
Other economic surveys also show that recruitment has slowed down, as evidenced by the ADP report, the ISM service industry index, and the number of initial unemployment claims.
The unemployment rate rose from 4% in May to 4% in June. Some people say that the increase in unemployment is not that serious, young workers contribute more, and the unemployment rate of middle-aged workers has not changed much.
In terms of wages, the average hourly wage is expected to increase by 0.3% month-on-month in June, and the increase in the past year may drop from 4.1% to 3.9%. The Federal Reserve hopes that the labor market will cool down again, otherwise it will be difficult to control inflation.
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Bitcoin plummets: Mentougou is not settled, Germany is messing up! Bear market alarm?
The aftermath of the Mentougou incident has not yet subsided, and the Germans are coming to join in the fun again! This is simply adding insult to injury!
A full 50,000 BTC were sold in batches, with a few thousand sold each time.
On June 20, they sold 2,000, and Bitcoin instantly began to fall from a high of 66,400, all the way down to 58,400.
On the 25th of the month, more than 1,600 were sold, but fortunately someone took over, so the impact was not too great.
However, on July 2, 3,000 were sold again, and Bitcoin plummeted from 64,000 to the current 57,200.
Based on this calculation, it is likely to fall below 54,000 this time. And if these 50,000 biscuits are sold at an average of 2,000 each time, then they will have to be sold 25 times.
This means that biscuits will face 25 plunges, each time with a drop of nearly 10,000 points. If this continues, it will almost return to zero!
The bear market has already arrived. I mentioned before that Bitcoin will plummet, but many people don’t believe it.
Now, it’s time to pay for your ignorance! Otherwise, you will fall into an abyss of no return!
Interest rate cuts and bull market: Crazy or calm?
As long as the Fed cuts interest rates, the bull market will be like a wild horse! 2025 may be the time of this madness!
But some people think that the bull market started before the interest rate cut, and the interest rate cut may trigger a big drop.
Market views are varied. Many people do not think there will be a big bull market, saying that 2025 is the twilight of the bull market.
Some people are cautiously optimistic and think that the bull market will continue in the next few years, but they are all affected by the expectation of interest rate cuts. There will be big fluctuations when the expectations come true.
The last round of interest rate cuts in July 2019, according to some people's logic, the bull market should end, but in fact, the big bull market in the currency circle did not start until April after the interest rate cut ended!
If this round of interest rate cuts starts in September this year and lasts for a year, the big bull market will be even crazier!
The last round of interest rate cuts lasted for eight months, and this round of interest rates is high, and it may last for more than a year!
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Don't count on a rate cut! The Americans can hold on, but the bull market in the cryptocurrency market doesn't rely on this! ?
Rate cut? Don't even think about it! The Americans will definitely hold on this year!
If you think that a rate cut will lead to a bull market in the cryptocurrency market, clear your position and get out! In my opinion, whether or not to cut interest rates has nothing to do with the cryptocurrency market. It's just a drug used by the bankers to fool people!
Look at the data tonight. The number of employed people has dropped significantly, the number of unemployed people has soared, and the trade deficit has also soared. It's obvious that the American economy is declining all the way.
But this is a big boon to the cryptocurrency market! Look at gold, it's rising today! How can the cryptocurrency market not benefit from it?
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If the US does not cut interest rates, the bear market in the cryptocurrency circle will be difficult to end! ?
The approval of this round of ETFs is the result of Wall Street funds pulling up the market and providing liquidity. The previous inferences in the cryptocurrency circle are useless!
Now the real position of BTC is about 40,000, and ETH has ETF expectations, and the real position is about 2,500.
If the US does not cut interest rates for one day, the cryptocurrency circle will not be good.
The US will not take the initiative to cut interest rates. In 2008, it was because of the subprime crisis.
Now the US has not reached the point where it must cut interest rates. As long as high interest rates can be maintained, money can stay in the US.
The United States and other major economies in the world only cut interest rates to buy at the bottom when problems arise, but if they do not cut interest rates, they may ruin their own economies. After all, high interest rates are costly.
If interest rates are not cut for one day, the bear market will not end!
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