The US government is selling 4,000 BTC worth $243 million

There was a sharp drop just now.
From the on-chain data,
in the past few hours, not much BTC has flowed into the exchange
but stablecoins have been flowing out of the exchange
recent market conditions are also related to geopolitical conflicts
the Gaza war may soon spread to Lebanon,
in addition, the attacks of the Houthi armed forces supported by Iran in the Red Sea and the Gulf of Aden continue to escalate

hold the spot, don't panic, don't cut at the bottom
if it falls below $62,000, if you still have bullets, buy the bottom in batches

[What do you think about today's market? Will BTC fall to $60,000? What to do]

Good morning, brothers.
Yesterday's PMI data was better than expected across the board, indicating that the US economy is still resilient.
Both gold and silver staged a big dive, BTC fell a bit and then stabilized.

ETF funds have been net outflows for 8 consecutive days,
mainly Fidelity and Grayscale are dumping the market.

The market is difficult, but we have to hold on.
Everything will turn around when it reaches its extreme. Keep the position and wait for a rebound next week.

The current price is around $65,000,
which is the median price of the consolidation period in the past three months.
At this price, it should be stable.

Many brothers say that it will fall below $60,000.
It is actually a bit difficult. Why?
Because the average entry price of Bitcoin ETF is around $60,000.

The dog dealer has been brewing for many years and launched the BTC ETF.
They can't let the price collapse to the average purchase price.
There will be no profit in this way. How can they make money later?

Currently, there is only one event that will cause BTC to fall below 60,000, which is Mentougou, but Mentougou is still more than 3 months away. Therefore, there will be a rebound between now and October. ETH can be bought at any time, don't worry. The three musketeers of the ETH sector: Uni, ENS, and SSV continue to hold. Intelligence source: BitEagle

No way, the current market is really tormenting, what should we do?

Good morning, brothers. Although the number of people receiving unemployment benefits increased last night, BTC still showed a correction trend.

After thinking about it, the core reason is that the positives cannot outweigh the negatives.

There are several negative factors at present.
(1) The Mentougou issue is still unresolved, and big funds are worried about affecting early withdrawal.
October is the final compensation time. Once the compensation is paid, it will bring a huge amount of selling pressure on BTC that has been locked for more than 10 years.
The early users of Mentougou have made dozens of times more money, so they will definitely run away.
(2) The international situation has changed dramatically.
Yesterday, Russia and North Korea formed a strategic alliance.
If one side goes to war, the other side will support it.
The conflict between NATO and Russia is gaining momentum, and now it is adding fuel to the fire.
War is negative for risky assets BTC.
(3) Last night, a Fed official made a negative speech.
Kashkari said that the wage growth rate is too high, and
it may take up to two years for inflation to drop to 2%.
ETF funds have been net outflows for 7 consecutive days,
mainly Fidelity and Grayscale are dumping the market.
Get up in the morning and wait for the Chinese panic to be released.
Some coins with strong fundamentals will rebound.
Pay attention to the PMI data released at 9:45 tonight.
Lower than expected is good news, higher than expected is bad news.
Still the strategy of yesterday.
Position below 50%, but don’t be short.
Hold spot and reduce leverage. Saturdays and Sundays are generally volatile + callbacks.
Keep a normal mind, don’t be too optimistic or too pessimistic.
Everything will turn around when it reaches its extreme, and the market will not keep falling.
Information source: BitEagle

I am a witch hunter. I have 3.5 million zro airdrops to claim, but I don't have 35wu. Please lend me 35wu. I will return it tenfold after I claim the 3.5 million zro airdrops. Chinese people don't cheat Chinese people.

BitEagle Token Analysis: ETH

[Several recent developments in ETH]

1. The SEC has permanently suspended its investigation into Ethereum, which means that ETH is not a security, increasing the probability of ETF approval

2. July 2 is the S-1s registration document date for ETH ETF

3. August 7 is the resolution date for BlackRock ETH ETF application

4. ETH continues to flow out of the exchange, and large investors are hoarding coins

[How to operate? ]
ETH must hold more than 20% of the position. The next two months are likely to be the main theme of ETH and ETH ecology. It is no problem to reach 4,000 US dollars, and the Ethereum ecology must also be laid out

[Ethereum Ecological Quality Projects]

#ENS #LDO #SSV #PENDLE🔥🔥 #ETHFI⁩ UNI

When others are greedy, I am afraid; when others are afraid, I am greedy.

Family members, what should we do now?

#zk You can see the price is from 0.28 USD to 0.3 USD

Current price is 0.2548 and you can buy 5% position

Stop loss 10%

CRV $0.25 Recommend everyone to get on board, others are panic selling, we are bold to buy in!

The current profit is close to 30%, congratulations to the brothers who followed, you can sell in the short term and hold in the long term

Binance's gain list revealed

#IO #BASE #LPT #ONG #VANRY

What is the situation of CRV plummeting by 35%? Can you buy at the bottom?

[Reason for the plummet]
The founder of CRV mortgaged CRV worth $141 million on the lending platform, and then borrowed $95.7 million in stablecoins to buy villas and various consumption.

Because the plunge in CRV triggered the liquidation price, the lending platform sold all the coins pledged by the founder of CRV, so it plummeted.

[What is loan liquidation]
Lao Wang pawned his Rolex worth $100 to the pawnshop (lending platform), and the pawnshop (lending platform) gave Lao Wang $50. The two parties signed a contract. If the Rolex fell to $80, the pawnshop (lending platform) would directly sell Lao Wang's Rolex for $80, and Lao Wang would not have to return the $50.

[Can you buy at the bottom]

The main reason for the plunge in CRV this time was that the founder's token was liquidated, not a problem in the mechanism, and it would not spiral down.

The project itself is good, and it is an important infrastructure of the ETH ecosystem. The market value of 300 million is not very high, so you can buy it at a low point.

You can buy around $500 at around $0.25, and stop loss if it drops 5%.

BitEagle accurate market analysis June 2

BitEagle Trading Experience: Why should we learn to stop loss

Remember a simple trading rule: stop loss in time and let profits run.

We often see many brothers who lost several years of income due to a careless transaction and did not stop loss in time.
Buy Fil at a high price, buy EOS at a high price, do not stop loss, hold for a few years, and eventually lose all your pants.
Some people start shorting BTC at $20,000, do not stop loss, and lose all their pants.

Why are you unwilling to stop loss?
Because you take a single transaction too seriously.
A single transaction is just one of the 10,000 transactions in your life. You will not die if you lose once. The key is not to lose a lot.

Another reason is that self-esteem is linked to trading.
You try to avoid losses to support your self-image.
Even if you lose, you have to save face.

Your money is limited, but investment methods are diverse.
Once you stop loss, you can freely look for new opportunities to make money and no longer be tortured by losses.
Stop loss is not failure, they are feedback, and feedback allows us to move forward.

There will be a large amount of unlocking of these coins this week🔐

OP, DYDX, Sui unlocking amount up to $70 million💰
Beware of risks!

BitEagle will continue to track the unlocking status for you.

BitEagle live broadcast tonight at 8:00 @ everyone

For all VIP and non-VIP members

(1) What is the current market trend? Will it rise or fall next week?

(2) Analysis of FTM, AR, Matic, CHR, ETH and other cryptocurrencies

(3) What other coins can be bought

(4) What coins cannot be bought and should be avoided

Tencent conference number: 688-950-956

Recent Analysis

BitEagle Analysis: Reasons for WIF's Decline

Today WIF fell 10%, what's the problem?
BTC fell a bit, causing WIF big holders to follow the panic and sell coins, coupled with insufficient liquidity, it fell sharply
At present, the competition for MEME coins is also fierce. WIF is a MEME coin with a market value of 2.5 billion US dollars (to put it bluntly, it is an air coin)
It still takes a lot of funds to soar
But if it falls, the big holders who made thousands of times the profit in the early stage will fall a lot
Brothers, it's better to think before buying coins, don't gamble

FTM is ready to exchange coins, you can buy some and hold them for the long term, you can see the previous high

BitEagle Crypto Recommendation - MKR

[Introduction]
MKR is the leader of Ethereum lending protocols.
Users lock stETH to mint its local stablecoin DAI as collateral.
In June 2023, MakerDAO integrated U.S. Treasury bonds into its portfolio and became one of the leading projects in the RWA sector.

[Recommendation reason]
1. The track is high-quality and belongs to the leading project

MKR is one of the leaders in the RWA sector. In recent months, BlackRock and JPMorgan Chase have invested in the RWA track. The RWA sector is likely to explode in the future, so it is necessary to ambush the RWA project.

2. The project party has a big move this year

MKR's roadmap this year includes brand reshaping, launching a public chain, and token splitting.

3. The protocol has high revenue, the token circulation is close to 100%, and there is no selling pressure

[Token situation]
Market value: 2.6 billion US dollars
Exchange: Binance

[What price to start? 】
Current price: 2821-2669, buy in batches
Position: 10% long-term holding

[BitEagle Tips]
You don’t need to buy every coin, choose according to your own funds and positions

In early September 2021, Bitcoin became the legal tender in El Salvador, the first country in the world to use Bitcoin as legal tender.

El Salvador has been buying 1 BTC every day since the bear market in 23 years. It currently holds 5,736 Bitcoins, making it the sixth country with the most Bitcoins. It has made millions of dollars by buying BTC.

In El Salvador, Bitcoin can be used to consume at McDonald's and Starbucks. From international trade to daily life, Bitcoin can be used to pay in El Salvador.

If a small country wants to completely get rid of the US dollar hegemony system, it has to take a gamble. Similarly, if ordinary people want to quickly cross the class, they can only take a gamble.