It really is unexpected that at the moment when Bitcoin is once again close to reaching a new high, the entire market is surprisingly quiet to such an extent...
It's as if the entire industry tacitly holds onto a single thought, which is to take advantage of the large purchases of BTC in the U.S. stock market to drive prices up, and do everything possible to offload their holdings, selling as much as they can.
SOL has once again approached the high level of 178, aiming to break the previous high of 179.3. If the attempt fails again, pay close attention to the support level at 173. Continuously monitor changes in trading volume.
ETH is under short-term pressure; a breakthrough at 2560 will challenge a new high again.
Currently, I only have long positions in SOL and ETH, and I am preparing to add a long position in UNI.
1. Yesterday, the net inflow of Bitcoin spot ETF in the United States was $404 million; 2. James Fickel lost approximately 22,500 ETH due to going long on ETH/BTC, worth $55 million; 3. Israel's strikes against Iran have concluded; 4. Over the past 14 hours, GSR Markets deposited 7.41% of NEIRO's total supply into Bybit; 5. Vitalik: Did not sell ETH in the past month, and instead increased his holdings; 6. The Scroll ecosystem stablecoin project Essence Finance is suspected of a Rug Pull; 7. Yesterday, the net outflow of Ethereum spot ETF in the United States was $19.2 million; 8. Mainstream financial institutions in Japan prioritize supporting the launch of Bitcoin and Ethereum ETFs; 9. This week, the net inflow of Bitcoin spot ETF in the United States was $998 million, an increase of 47% compared to last week. #加密货币市场持续震荡
There is a peculiar phenomenon in the market right now, where ETH is declining while SOL is rising. It seems to be starting to follow its own independent trend. As the leading altcoin, why has Ethereum fallen to this state? Here, we need to analyze from two perspectives. First, since ETH reduced transaction fees, the issuance has increased while the amount burned has decreased, leading to a continuous price drop. If this issue is not resolved, it will be difficult to create brilliance again. Moreover, the focus of the ETH chain is on staking, and there has been no innovation in gameplay. Many people find that after staking for a while, when they redeem, they still incur losses. Second, the traffic secret behind public chains: SOL has consistently created myths of grassroots wealth. The profit effect is quite evident and attractive.
Here are some tips for newbies in the cryptocurrency world! Read carefully to avoid detours!
First advice The cryptocurrency market has gone through its period of wild explosion. What follows is the stage of formal financialization and competition among capital institutions. Stop dreaming of making dozens or even a hundred times the profit from just one coin.
Second advice Investing in new stocks in the primary market does indeed mean small investments with big returns, but those who recommend you to invest in the primary market will not tell you that 99% of the projects will return to zero. Even if it is listed on some small exchanges, some KOLs will most likely call You pinch it, and he will take a step ahead.
As the cryptocurrency space has gradually gained popularity, it has also led to more and more people being scammed. Below, I will share a few common scams that I often encounter. ❗️Recovery Phrase Typically, scammers will post recovery phrases in the comment sections of various software along with some exit strategies. When you try to withdraw from the wallet they control, it will be impossible; you will be prompted that the transaction fee is insufficient and need to deposit money into their wallet. After you deposit, they will immediately transfer the funds to another wallet that is multi-signed, and you will not have access to the wallet. Therefore, if you see such individuals, report them immediately. ❗️Telegram Mining People who use Telegram may sometimes be added to Chinese mining groups where many people claim that mining profits are very high and require a wallet to connect to the mining pool. The minimum deposit is 100 USDT, with daily returns of 3% to 8%. It seems very profitable, but in reality, it is a scam. In the first few days, they might give you some returns, but after a while, they will suddenly transfer your wallet funds away. Messages in such groups are usually set to auto-delete after a few days, so when you realize you've been scammed, they will kick you out immediately. So, do not fall for it. ❗️Stranger Approaches Do not trust this either. Most people may receive private messages from strangers on platforms, saying they are playing some projects or coins, trying to get close to you and sharing how much they’ve earned in the crypto space and how they were led in by big players. While there may be good people warning you, most will treat you like a cash cow, chatting with you for a while before suggesting you invest in some altcoins, ultimately leading to your losses. So, be cautious and do not easily trust others! ❗️Various Links Never click on links shared by strangers in comment sections or groups. This can lead to your information being leaked and your wallet funds being transferred away. In short, do not easily trust strangers, and do not click on unclear links.
In summary, the cryptocurrency space is very complex, so keep your eyes open. I am sharing some scams I have encountered. Every industry has its big players and scammers; you must keep your eyes peeled.
In the cryptocurrency world, the main groups of people who truly make money are as follows:
Early adopters holding coins: They entered the market when cryptocurrencies like Bitcoin were low-priced, holding long-term to seize opportunities for wealth appreciation. The key point is to seize the moment and hold long-term.
Entrepreneurs of crypto projects: They develop underlying blockchain technology or build DeFi and NFT platforms, creating wealth, such as the teams behind projects like Uniswap. The key point is to use technology and creativity to change the industry landscape.
Cryptocurrency miners: They maintain the operation of the blockchain network and earn rewards through mining. Early on, the returns were considerable, and there is still a place today. The key point is to invest in mining machines to stabilize coin rewards.
Professional traders and quantitative teams: They profit from short-term buying and selling by utilizing market fluctuations, using technical analysis or algorithmic trading to capture arbitrage opportunities. The key point is high risk, high return, with a high demand for professional skills.
Investment institutions in the crypto industry: They invest early in quality blockchain projects to obtain early shares or tokens, gaining substantial returns if the projects succeed. The key point is having a unique investment vision and daring to bet on the future.
Developers of the cryptocurrency ecosystem: They participate in building the crypto ecosystem, developing applications and other infrastructure, earning rewards in the form of tokens and more.
UNI's current outbreak stage is the official use of the second-layer network and the increase in the income of holding coins or the hype of decentralized exchanges in the ecosystem. These will be the three outbreak points [the only risk is the current SEC lawsuit]. You can hold it for the medium and long term with a target above 20. I remember that my previous target was 50, which is worth entering in batches.
Who are the top five Bitcoin holders in the world?
The following are individuals and organizations that hold a large number of Bitcoins worldwide, and they play a pivotal role in the Bitcoin market:
1️⃣ The mysterious father of Bitcoin - Satoshi Nakamoto (holding about 1 million BTC) Satoshi Nakamoto, the founding genius of Bitcoin, left his name in the world under his pseudonym. It is said that he personally owns about 1 million Bitcoins. As the original miner of Bitcoin, Satoshi Nakamoto is still the largest individual holder of Bitcoin, although these Bitcoins in his hands have not been circulated for many years. Once there is any movement in this batch of Bitcoins, it will have an immeasurable impact on the Bitcoin market.
2️⃣ Grayscale Bitcoin Trust Fund (GBTC) (controls more than 600,000 BTC) Grayscale Bitcoin Trust Fund (GBTC) under Grayscale Investments is an important institutional investor in the Bitcoin field, managing more than 600,000 Bitcoins. GBTC provides investors with a way to access this asset without directly holding Bitcoin, so it has a very high influence in the market.
3️⃣ Binance, the world's largest cryptocurrency trading platform, not only reserves a large amount of Bitcoin for its own operations, but also keeps a considerable amount of Bitcoin on behalf of its users. It is estimated that Binance holds about 330,000 Bitcoins and is an important force in the cryptocurrency field.
4️⃣ Block.one (140,000 BTC) Block.one is the developer of EOS.IO software and has accumulated about 140,000 Bitcoins. This is part of its diversified investment strategy, making Block.one a leader among non-exchange institutional investors.
5️⃣ Michael Saylor and MicroStrategy (over 152,000 BTC) Michael Saylor is the CEO of MicroStrategy and a staunch supporter of Bitcoin. According to the latest news, MicroStrategy holds more than 152,000 Bitcoins and has been increasing its holdings since 2020. Saylor sees Bitcoin as a key part of MicroStrategy's investment strategy and believes it is a better means of storing value
There are two misunderstandings about Bitcoin and altcoins in the market:
First, some people think that Bitcoin is still sucking blood from altcoins; Second, some people think that altcoins will pull up the market together. I think both views are wrong.
First, BTC rises here, but altcoins don’t. The market sentiment is not high. Even if altcoins don’t rise in the blood-sucking market, everyone is fomo. According to the two waves of market conditions in 2023, Bitcoin and altcoins are in the same frequency. Here I think altcoins are waiting for Bitcoin to break through, and a clearer signal is needed. Breaking through the two points of 6w8 and the new high, the certainty after the breakthrough here is stronger, and altcoins will quickly follow up.
Second, the market situation in which altcoins on the entire screen are pulling up the market at the same time may not reappear. Instead, it should be the rotation of sectors, which will last longer overall and have a higher success rate. Just hold your coins, and sooner or later it will be its turn to rise. This market is friendly to old leeks, but it is very unfriendly to novices. Chasing up and selling down may still lose money.
The first round of market rise has ended. When will the second round of rise begin? Click on the homepage to add a follow, spot layout timing, strategy Wu Chang announced $BTC
Why did Bitcoin rise from 0 yuan to 70,000 US dollars?
Have you ever heard of Bitcoin? From the initial few cents to the highest soaring to nearly 70,000 US dollars, many people may be curious: What is going on?
Blockchain technology is like a super-secure ledger that anyone can view but cannot tamper with.
Bitcoin is the world's first "digital currency" created using blockchain technology. It is completely decentralized and solves the trust problem of transfers. There is no fraud!
‼ ️Reasons for the surge in Bitcoin prices‼ ️
✅Scarcity Bitcoin is designed to be fixed, with a maximum of 21 million pieces. This means that it has the same "scarcity" as gold and is called "digital gold."
✅Trust and consensus Just like recognizing LV as a luxury product, more and more people recognize the value of Bitcoin and form a huge consensus. For example, the United States has now passed the Bitcoin ETF, which is equivalent to recognizing the commodity attributes of Bitcoin.
✅Big institutions enter the market Some large companies and financial institutions have also begun to buy Bitcoin, such as Tesla, Square, MicroStrategy, etc. Especially when Musk announced that Tesla would accept Bitcoin payments, the market suddenly became very hot.
✅Macroeconomic factors The global economic situation is uncertain, and many countries are printing money crazily, leading to currency depreciation. Many people regard Bitcoin as "digital gold" to fight currency depreciation and economic uncertainty.
✅FOMO effect (fear of missing out) Speaking of this, you may have heard of the "herd effect". At first, many people thought that Bitcoin was worthless, but later they saw it rising continuously, and they were afraid that they would miss this opportunity to make money, so they hurried to buy it. This "fear of missing out" emotion also boosted the rise of Bitcoin.
✅Technology and infrastructure development The continuous development of Bitcoin and blockchain technology, as well as the improvement of infrastructure construction around Bitcoin (such as exchanges, wallets, payment processing systems, etc.), have increased the actual application scenarios of Bitcoin and increased its value.
‼ ️However, the Bitcoin market fluctuates too much, and the rise and fall cannot be predicted. There are also occasional hacker attacks, and the supervision in many places around the world is not obvious, the risk is high, and pay attention to safety. #Meme浪潮持续,你看好哪一个? #美国大选如何影响加密产业?
How to select dark horse coins with large gains in the current market?
Since it is a dark horse, it should have these characteristics:
1. The market value cannot be too large, and it must be less than 100 million U.
2. At least it is listed on several second-tier exchanges for safety padding, and of course there are trading pairs listed on Binance, such as Myro Rats NEIRO.
3. The dealer must have recently absorbed funds to prepare for the subsequent pull.
4. It is best to be a new coin that was launched in 24 years or an airdropped coin such as PIZZA DOG.
5. Study the structure of chips. The dealer has a high degree of control over the market, and retail investors have been almost washed out.
6. The dealer has money, strength and resources. It is best to have successfully operated projects before. For example, the dealer of Dog is the Rune Stone project party, the dealer of Pizza Sats is the Unisats project party, and the dealer of Neiro Ordi is Binance.
Summary: low market value + strong dealer has money + good background + good resources + high control + sufficient washing + new coins = dark horse potential coins
What kind of meme coin should I choose to make money?
First, it should be famous, and the price should have been pulled up several times. It doesn’t matter if it pulls back later.
Second, it should be able to make up stories and have scandals with the big guys.
Third, the market value will not be very high, and it doesn’t cost a lot to pull up the price.
Fourth, try to choose a coin with a very concentrated number of chips, but with a small number of scattered holders and a high frequency of pulling up the price.
Fifth, a coin with a lot of zeros, which makes people feel very cheap at first glance. Just make a layout based on these points.