德国政府转移比特币
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Attention! ! ! "German government internal portfolio adjustment: 1,000 BTC major transfer attracts market attention"
Regarding the report "The German government's address transferred 1,000 BTC to another controlled address", combined with information from BlockBeats and other relevant sources, I can summarize it as follows:
1. Overview of the incident
On July 8, 2024, according to Arkham monitoring, a wallet address marked as "German Government" transferred 1,000 Bitcoins (BTC) to another controlled address also marked as "German Government". This transaction was equivalent to approximately US$55.76 million. This large transfer event has attracted widespread attention and discussion in the market.
2. Event Details
Transfer time: The transfer event occurred on July 8, 2024. The specific time point may vary slightly due to different reports, but they all point to that day.
1. Overview of the incident
On July 8, 2024, according to Arkham monitoring, a wallet address marked as "German Government" transferred 1,000 Bitcoins (BTC) to another controlled address also marked as "German Government". This transaction was equivalent to approximately US$55.76 million. This large transfer event has attracted widespread attention and discussion in the market.
2. Event Details
Transfer time: The transfer event occurred on July 8, 2024. The specific time point may vary slightly due to different reports, but they all point to that day.
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In-depth perspective: As the current bull market profit challenges intensify, how can investors break out?
In the vast sea of cryptocurrency markets, the arrival of each bull market is accompanied by endless expectations and dreams. However, as the market continues to mature and become more complex, more and more investors are beginning to question: Is this the most difficult bull market in history to make money? This article will deeply analyze the current market's profit challenges from multiple dimensions and provide investors with strategies and suggestions to break out of the predicament.
1. Increasing market volatility: Sailing in the storm
In the current bull market, market volatility has reached an unprecedented level. Every sharp price fluctuation tests investors' psychological tolerance and risk control capabilities. We must not only analyze the market logic behind the fluctuations, but also guide investors on how to keep the steering wheel steady in the storm and grasp the pulse of the market.
1. Increasing market volatility: Sailing in the storm
In the current bull market, market volatility has reached an unprecedented level. Every sharp price fluctuation tests investors' psychological tolerance and risk control capabilities. We must not only analyze the market logic behind the fluctuations, but also guide investors on how to keep the steering wheel steady in the storm and grasp the pulse of the market.
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The German government has transferred out a total of 16,038.7 BTC today and currently holds 23,788 BTC
This is so exciting, are they running for their lives? ? #BTC下跌分析 #德国政府转移比特币
This is so exciting, are they running for their lives? ? #BTC下跌分析 #德国政府转移比特币
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Exploring the miracles of the future cryptocurrency world: When will the glory of 100-fold coins reappear?
In the vast starry sky of the cryptocurrency world, 100x coins are like bright meteors. Although rare, they always make countless people dream of them. But please remember that the true meaning of 100x coins is not just the growth in numbers, but the perfect combination of three key conditions:
Heavy warehouse layout: Small-scale operations are unlikely to achieve success. Only by daring to invest heavily can you reap rich rewards in a hundredfold growth. This is not only a test of vision, but also a test of courage.
Keep calm and hold your money: When your assets surge a hundred times, can you stay calm, not be swayed by short-term fluctuations, and firmly hold on to the best selling point? This requires extraordinary concentration and wisdom.
Heavy warehouse layout: Small-scale operations are unlikely to achieve success. Only by daring to invest heavily can you reap rich rewards in a hundredfold growth. This is not only a test of vision, but also a test of courage.
Keep calm and hold your money: When your assets surge a hundred times, can you stay calm, not be swayed by short-term fluctuations, and firmly hold on to the best selling point? This requires extraordinary concentration and wisdom.
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"Getting Rich in a Dream"
Xiao Li's dream that night was more exciting than a Hollywood blockbuster. He dreamed that the "Flying Pig" altcoin he bought turned from dust into diamonds overnight and soared directly to the back of the moon. After waking up, he checked his wallet with a confused face, but found that it was just a dream. In desperation, he operated randomly and mistakenly put all the money for paying the mortgage into the "Flying Pig". The next morning, the sun shone through the gap in the curtains and shone on his astonished face-the "Flying Pig" really flew straight into the sky! Xiao Li rubbed his eyes and muttered to himself: "This dream is too predictable!"
"The Troubles of Mining Machines"
Lao Zhang's mining machine is simply a new member of the family. Except that it can't speak, the noise is louder than Erha. From gentle reminders to collective complaints from neighbors, Lao Zhang was almost forced to sing "The Song of the Wandering Miner". In the end, he reluctantly gave up and put the mining machine into the "cold palace"-the basement. But fate plays tricks on people. A sudden rainstorm turned Lao Zhang's basement into a "water curtain cave" and the mining machine into a water-soaked car. Lao Zhang looked at the wet machine and smiled bitterly: "Mining is not easy, and waterproofing is even more difficult!"
"The Adventure of Air Coin"
Xiao Wang sneered at the currency called "Fresh Air" and thought: "These days, even air wants to go public to raise money?" However, the project party proved his "foresight" with practical actions-they really captured pure air in Antarctica, packaged it into NFT, and it became popular in the currency circle for a while. The air coin in Xiao Wang's hand appreciated instantly. He shook his head and said: "It seems that nothing is impossible in this world, even air can be hyped up." #美联储何时降息？ #德国政府转移比特币 #BTC下跌分析
Xiao Li's dream that night was more exciting than a Hollywood blockbuster. He dreamed that the "Flying Pig" altcoin he bought turned from dust into diamonds overnight and soared directly to the back of the moon. After waking up, he checked his wallet with a confused face, but found that it was just a dream. In desperation, he operated randomly and mistakenly put all the money for paying the mortgage into the "Flying Pig". The next morning, the sun shone through the gap in the curtains and shone on his astonished face-the "Flying Pig" really flew straight into the sky! Xiao Li rubbed his eyes and muttered to himself: "This dream is too predictable!"
"The Troubles of Mining Machines"
Lao Zhang's mining machine is simply a new member of the family. Except that it can't speak, the noise is louder than Erha. From gentle reminders to collective complaints from neighbors, Lao Zhang was almost forced to sing "The Song of the Wandering Miner". In the end, he reluctantly gave up and put the mining machine into the "cold palace"-the basement. But fate plays tricks on people. A sudden rainstorm turned Lao Zhang's basement into a "water curtain cave" and the mining machine into a water-soaked car. Lao Zhang looked at the wet machine and smiled bitterly: "Mining is not easy, and waterproofing is even more difficult!"
"The Adventure of Air Coin"
Xiao Wang sneered at the currency called "Fresh Air" and thought: "These days, even air wants to go public to raise money?" However, the project party proved his "foresight" with practical actions-they really captured pure air in Antarctica, packaged it into NFT, and it became popular in the currency circle for a while. The air coin in Xiao Wang's hand appreciated instantly. He shook his head and said: "It seems that nothing is impossible in this world, even air can be hyped up." #美联储何时降息？ #德国政府转移比特币 #BTC下跌分析
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Based on various data analysis, the current market has shown bottom characteristics, indicating that it is expected to usher in 2 to 3 significant rising waves in the future, that is, the main rising wave, pushing the Bitcoin price to gradually approach the previously predicted target area of 124,000 US dollars, thus This round of bull market cycle has been successfully concluded.
The growth rate of this round of Bitcoin bull market is estimated to be between 4 times and 8 times, showing strong growth momentum. However, looking forward, as the price of Bitcoin climbs and its total market value continues to expand, it is expected that the increase in the next bull market will converge, roughly between 1x and 2x. Furthermore, as time goes by, the increase in the subsequent Bitcoin bull market may be further reduced to less than 1 times, showing that the market growth momentum is gradually becoming stable and rational. At the same time, this also indicates that the Bitcoin market has become more mature, the magnitude of the correction during the bear market will also be narrowed accordingly, and market volatility will tend to ease. #德国政府转移比特币 #美国6月CPI大幅降温 #美联储何时降息？ $DOCK $FLM $POLS
The growth rate of this round of Bitcoin bull market is estimated to be between 4 times and 8 times, showing strong growth momentum. However, looking forward, as the price of Bitcoin climbs and its total market value continues to expand, it is expected that the increase in the next bull market will converge, roughly between 1x and 2x. Furthermore, as time goes by, the increase in the subsequent Bitcoin bull market may be further reduced to less than 1 times, showing that the market growth momentum is gradually becoming stable and rational. At the same time, this also indicates that the Bitcoin market has become more mature, the magnitude of the correction during the bear market will also be narrowed accordingly, and market volatility will tend to ease. #德国政府转移比特币 #美国6月CPI大幅降温 #美联储何时降息？ $DOCK $FLM $POLS
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How do you feel after this decline? Let us understand some truths, then the following three points are some suggestions for you.
⚠️ The following "three musts" should be followed in the bull market to ensure a sound investment strategy:
1️⃣ Set a clear stop loss point: Even the most successful investors cannot guarantee that they will always make a profit. Not setting a stop loss will amplify the risk and may lead to unacceptable losses. By setting a stop loss point, you can limit losses and protect the investment principal.
2️⃣ Keep an eye on market dynamics: Trading is an ongoing process, and paying attention to market changes throughout the process is crucial to respond in a timely manner. This helps investors make quick decisions on market fluctuations and ensure the safety of funds.
3️⃣ Reasonably manage positions: Avoid investing all funds in a single investment. Diversification can reduce the risks caused by fluctuations in a single market or asset. Reasonable position management allows investors to maintain capital flexibility in the face of failure, so that they can make full use of real opportunities when they come.
#德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC走势分析 #币安合约锦标赛
⚠️ The following "three musts" should be followed in the bull market to ensure a sound investment strategy:
1️⃣ Set a clear stop loss point: Even the most successful investors cannot guarantee that they will always make a profit. Not setting a stop loss will amplify the risk and may lead to unacceptable losses. By setting a stop loss point, you can limit losses and protect the investment principal.
2️⃣ Keep an eye on market dynamics: Trading is an ongoing process, and paying attention to market changes throughout the process is crucial to respond in a timely manner. This helps investors make quick decisions on market fluctuations and ensure the safety of funds.
3️⃣ Reasonably manage positions: Avoid investing all funds in a single investment. Diversification can reduce the risks caused by fluctuations in a single market or asset. Reasonable position management allows investors to maintain capital flexibility in the face of failure, so that they can make full use of real opportunities when they come.
#德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC走势分析 #币安合约锦标赛
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Bull market coming? Hidden information in the non-farm report
The US non-farm payrolls report is out, and it looks strong, but there is hidden information. The increase of 206,000 people did exceed expectations, and you might think this number is strong, but there is other more important information.
First, the unemployment rate rose to 4.1%. The Fed's expectation for the unemployment rate at the end of the year was 4.1%, which has now been achieved. The average hourly wage is in line with expectations. But the real hidden information is that the data for April and May were revised down by 50,000 respectively, with a total of more than 100,000 jobs being revised down. This is exactly the information that caught the market's attention, so we saw the dollar fall, while U.S. Treasury yields fell, and expectations of a rate cut in September rose, which supported the recent gains in crude oil and other industrial commodities, as well as the gains in metals such as gold and silver and the rebound in the crypto market, which will continue to be supported in the short term.
First, the unemployment rate rose to 4.1%. The Fed's expectation for the unemployment rate at the end of the year was 4.1%, which has now been achieved. The average hourly wage is in line with expectations. But the real hidden information is that the data for April and May were revised down by 50,000 respectively, with a total of more than 100,000 jobs being revised down. This is exactly the information that caught the market's attention, so we saw the dollar fall, while U.S. Treasury yields fell, and expectations of a rate cut in September rose, which supported the recent gains in crude oil and other industrial commodities, as well as the gains in metals such as gold and silver and the rebound in the crypto market, which will continue to be supported in the short term.
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#美联储何时降息？ #德国政府转移比特币 #美国6月非农数据高于预期 MATR1X officially announced the detailed token economics plan for its platform governance token MAX. According to the announcement, the total supply of MAX tokens is set to 1 billion, of which, in order to reward and incentivize NFT holders on the MATR1X platform, such as owners of YATC and MATR1X KUKU NFT, 94 million MAX tokens will be specially airdropped. coins, accounting for 9.4% of the total. Here is an overview of the complete distribution strategy for MAX tokens:
NFT airdrop: 9.4%, directly awarded to loyal NFT holders on the platform.
Platform contribution: 27.6%, used to incentivize individuals or organizations that have made significant contributions to the development of the MATR1X platform.
Ecosystem construction: 16%, specifically used to support the continued expansion and optimization of the MATR1X ecosystem.
Early bird event participants: 5.5%, rewards those users who actively participated and supported the platform in the early stages.
Community building: 10%, used to strengthen community cohesion and promote interaction and cooperation among users.
Investors and team: 30%, ensuring that the project has sufficient financial support and team stability to promote long-term development.
Consulting team: 1.5%, used to hire and motivate industry experts to provide strategic guidance and professional opinions for the project.
The MAX token will play multiple key roles in the MATR1X ecosystem, including but not limited to:
Community governance: Give holders the power to participate in platform decision-making and jointly shape the future of MATR1X.
Ecosystem value capture: Through the circulation and application of tokens, the continuous growth and sharing of platform value can be achieved.
Staking and reward mechanism: Encourage users to participate in staking and enjoy additional rewards while enhancing network security.
Exclusive Privileges: Provides MAX holders with unique access, priority services and other exclusive benefits.
NFT airdrop: 9.4%, directly awarded to loyal NFT holders on the platform.
Platform contribution: 27.6%, used to incentivize individuals or organizations that have made significant contributions to the development of the MATR1X platform.
Ecosystem construction: 16%, specifically used to support the continued expansion and optimization of the MATR1X ecosystem.
Early bird event participants: 5.5%, rewards those users who actively participated and supported the platform in the early stages.
Community building: 10%, used to strengthen community cohesion and promote interaction and cooperation among users.
Investors and team: 30%, ensuring that the project has sufficient financial support and team stability to promote long-term development.
Consulting team: 1.5%, used to hire and motivate industry experts to provide strategic guidance and professional opinions for the project.
The MAX token will play multiple key roles in the MATR1X ecosystem, including but not limited to:
Community governance: Give holders the power to participate in platform decision-making and jointly shape the future of MATR1X.
Ecosystem value capture: Through the circulation and application of tokens, the continuous growth and sharing of platform value can be achieved.
Staking and reward mechanism: Encourage users to participate in staking and enjoy additional rewards while enhancing network security.
Exclusive Privileges: Provides MAX holders with unique access, priority services and other exclusive benefits.
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7.9 Daily Report:
Last night, the sky and earth needle suddenly appeared, and the short position was lucky to stop profit in time. The four-hour chart shows that the highs are gradually falling, the lows are rising, and the market has entered a volatile pattern, and both long and short positions are profitable. During the sideways period, it is necessary to keep a close eye on the daily line and the middle track of the Bollinger Band (about 60,000 above) to suppress. The volume change is unclear, but the probability of the needle reappearing is high, so the short-term strategy adopts step-by-step position building to prevent accidents. Reiterate that the short-term is not blindly opening a short position at the current price, but based on the conditions of the warehouse division, the precise layout at highs. The strategy remains unchanged today. $BTC #德国政府转移比特币
Last night, the sky and earth needle suddenly appeared, and the short position was lucky to stop profit in time. The four-hour chart shows that the highs are gradually falling, the lows are rising, and the market has entered a volatile pattern, and both long and short positions are profitable. During the sideways period, it is necessary to keep a close eye on the daily line and the middle track of the Bollinger Band (about 60,000 above) to suppress. The volume change is unclear, but the probability of the needle reappearing is high, so the short-term strategy adopts step-by-step position building to prevent accidents. Reiterate that the short-term is not blindly opening a short position at the current price, but based on the conditions of the warehouse division, the precise layout at highs. The strategy remains unchanged today. $BTC #德国政府转移比特币
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The market will continue to face multiple challenges this week, especially after the non-farm super week.
Here are the key events to watch:
Fed Chairman Powell's Congressional Testimony:
- On Tuesday and Wednesday, Powell will go to Capitol Hill to deliver his semi-annual monetary policy testimony. The market is paying close attention to his remarks because this may directly affect market expectations. Powell is likely to maintain a dovish stance, which may put pressure on the US dollar and increase its risk of a pullback.
US June CPI data release:
- The June CPI data to be released on Thursday is a key indicator to determine whether the Federal Reserve will cut interest rates in September. The market generally expects the overall CPI annual rate to fall from 3.3% in the previous month to 3.1%, and the monthly rate is expected to rise slightly to 0.1%. The core CPI annual rate and monthly rate are expected to remain at 3.4% and 0.2%, respectively.
As the price sub-indices in the ISM manufacturing and non-manufacturing PMI surveys have both declined, analysts believe that the risk of CPI data next week may be biased to the downside. If inflation slows further, market expectations for the Federal Reserve to cut interest rates twice this year will strengthen, putting pressure on the US dollar.
#美联储何时降息？ #德国政府转移比特币 #美国6月非农数据高于预期 #币安合约锦标赛
Here are the key events to watch:
Fed Chairman Powell's Congressional Testimony:
- On Tuesday and Wednesday, Powell will go to Capitol Hill to deliver his semi-annual monetary policy testimony. The market is paying close attention to his remarks because this may directly affect market expectations. Powell is likely to maintain a dovish stance, which may put pressure on the US dollar and increase its risk of a pullback.
US June CPI data release:
- The June CPI data to be released on Thursday is a key indicator to determine whether the Federal Reserve will cut interest rates in September. The market generally expects the overall CPI annual rate to fall from 3.3% in the previous month to 3.1%, and the monthly rate is expected to rise slightly to 0.1%. The core CPI annual rate and monthly rate are expected to remain at 3.4% and 0.2%, respectively.
As the price sub-indices in the ISM manufacturing and non-manufacturing PMI surveys have both declined, analysts believe that the risk of CPI data next week may be biased to the downside. If inflation slows further, market expectations for the Federal Reserve to cut interest rates twice this year will strengthen, putting pressure on the US dollar.
#美联储何时降息？ #德国政府转移比特币 #美国6月非农数据高于预期 #币安合约锦标赛
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A review of the German incident!
The German government successfully sold its 50,000 bitcoins for a profit of $2.2 billion. According to the BitcoinTreasuries website maintained by Coinkite, the US government is currently the largest bitcoin holder, holding 213,246 bitcoins worth about $13.58 billion.
These bitcoins are mainly confiscated from criminals through law enforcement actions, such as from the darknet market "Silk Road" case.
Despite the president of El Salvador actively promoting the purchase of bitcoin, the country holds a relatively small number of bitcoins, only 5,702, worth about $363 million. In contrast, the number of bitcoins held by the US and Chinese governments is close to 1% of the overall supply, and has actually become a large holder.
The German government began selling its bitcoins on July 8 and transferred them to exchanges within 20 days. This behavior has aroused widespread attention and concern in the market. Although the British and Ukrainian governments may also sell their bitcoins, the US and Chinese governments do not seem to have plans or motivations to sell bitcoins.
At present, the holdings of Bitcoin ETFs have exceeded twice that of governments, reaching 1.07 million, indicating that the market demand for Bitcoin ETFs is growing. Although the German government's selling behavior has had a certain impact on the market, the market has begun to gradually digest this news.
#德国政府转移比特币
The German government successfully sold its 50,000 bitcoins for a profit of $2.2 billion. According to the BitcoinTreasuries website maintained by Coinkite, the US government is currently the largest bitcoin holder, holding 213,246 bitcoins worth about $13.58 billion.
These bitcoins are mainly confiscated from criminals through law enforcement actions, such as from the darknet market "Silk Road" case.
Despite the president of El Salvador actively promoting the purchase of bitcoin, the country holds a relatively small number of bitcoins, only 5,702, worth about $363 million. In contrast, the number of bitcoins held by the US and Chinese governments is close to 1% of the overall supply, and has actually become a large holder.
The German government began selling its bitcoins on July 8 and transferred them to exchanges within 20 days. This behavior has aroused widespread attention and concern in the market. Although the British and Ukrainian governments may also sell their bitcoins, the US and Chinese governments do not seem to have plans or motivations to sell bitcoins.
At present, the holdings of Bitcoin ETFs have exceeded twice that of governments, reaching 1.07 million, indicating that the market demand for Bitcoin ETFs is growing. Although the German government's selling behavior has had a certain impact on the market, the market has begun to gradually digest this news.
#德国政府转移比特币
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Is it time for ETH to take off?
Since the start of this round of bull market, Ethereum has performed like a forgotten pearl, and its price trend is in sharp contrast to the brilliant achievements of Bitcoin, which has disappointed many investors. However, the situation has suddenly changed, and the market atmosphere has quietly changed recently, and a renewed enthusiasm for the potential of Ethereum is sweeping in. Investors have looked sideways and talked about it, as if they have smelled the breath of change - could it be that Ethereum, which once led the wave of smart contracts and decentralized applications, is finally going to bloom its own brilliant light in this round of bull market? Every breath of the market is full of expectations and speculation, and a drama about whether Ethereum can make a comeback is slowly opening. Strategy Understanding--Research Institute--236823929#美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币 #币安合约锦标赛 $PEPE $BOME $SOL
Since the start of this round of bull market, Ethereum has performed like a forgotten pearl, and its price trend is in sharp contrast to the brilliant achievements of Bitcoin, which has disappointed many investors. However, the situation has suddenly changed, and the market atmosphere has quietly changed recently, and a renewed enthusiasm for the potential of Ethereum is sweeping in. Investors have looked sideways and talked about it, as if they have smelled the breath of change - could it be that Ethereum, which once led the wave of smart contracts and decentralized applications, is finally going to bloom its own brilliant light in this round of bull market? Every breath of the market is full of expectations and speculation, and a drama about whether Ethereum can make a comeback is slowly opening. Strategy Understanding--Research Institute--236823929#美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币 #币安合约锦标赛 $PEPE $BOME $SOL
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The current market dynamics are confusing, but there is an old saying that goes, "There must be something wrong when things are out of the ordinary."
Despite the market's strong calls for rate cuts, the United States continues to implement a high interest rate policy. This high interest rate environment makes global economic participants feel on thin ice. Many US bonds and mortgages are no longer sustainable, and the challenges facing the economy are becoming increasingly severe.
In response, Japan has been quietly selling US bonds to save itself. At the same time, some commercial real estate mortgage bonds in Europe and the United States have also suffered losses. The Federal Reserve has been very cautious in this process, carefully testing the market reaction and trying to cool down the hidden dangers buried in the past. I think it is impossible for the United States to maintain high interest rates all the time, because the continuous expansion of debt will eventually force it to appropriately relax monetary policy. At present, the Federal Reserve is also considering the option of a rate cut in September.
2024 is already halfway through, and the currency circle has gradually exploded since November last year, reaching a high point in April this year. Despite this, there is still a lot of money waiting and watching, which means that the market has not yet reached a high point that fuels the flames, and the market is unlikely to end here. From historical experience, it only takes one month to pull the market up, while a crash may last for three months.
Therefore, I think that people should not panic sell in the current market trough. The market will only get better slowly. I don’t think the market is dead because capital has not retreated.
#德国政府转移比特币 #美国6月非农数据高于预期 #币安合约锦标赛 #Mt.Gox将启动偿还计划
Despite the market's strong calls for rate cuts, the United States continues to implement a high interest rate policy. This high interest rate environment makes global economic participants feel on thin ice. Many US bonds and mortgages are no longer sustainable, and the challenges facing the economy are becoming increasingly severe.
In response, Japan has been quietly selling US bonds to save itself. At the same time, some commercial real estate mortgage bonds in Europe and the United States have also suffered losses. The Federal Reserve has been very cautious in this process, carefully testing the market reaction and trying to cool down the hidden dangers buried in the past. I think it is impossible for the United States to maintain high interest rates all the time, because the continuous expansion of debt will eventually force it to appropriately relax monetary policy. At present, the Federal Reserve is also considering the option of a rate cut in September.
2024 is already halfway through, and the currency circle has gradually exploded since November last year, reaching a high point in April this year. Despite this, there is still a lot of money waiting and watching, which means that the market has not yet reached a high point that fuels the flames, and the market is unlikely to end here. From historical experience, it only takes one month to pull the market up, while a crash may last for three months.
Therefore, I think that people should not panic sell in the current market trough. The market will only get better slowly. I don’t think the market is dead because capital has not retreated.
#德国政府转移比特币 #美国6月非农数据高于预期 #币安合约锦标赛 #Mt.Gox将启动偿还计划
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Ethereum Spot ETF is coming and soaring to a new high. What can we expect?
Since the start of this bull market, the price performance of Ethereum has been relatively lukewarm compared to Bitcoin, which inevitably makes people feel a little regretful. Bitcoin has boldly exceeded its historical peak, with an increase of more than 350%, while Ethereum appears to be steady but slightly sluggish, lacking significant market catalysts, and its gains appear relatively moderate amid the surge of Bitcoin.
However, market sentiment has quietly changed recently. The upcoming Ethereum spot ETF is like a spring breeze, which has aroused the market's infinite imagination: Is Ethereum about to shine even brighter? The launch of this ETF will undoubtedly fill a major gap in the existing publicly traded crypto funds and provide investors with another important choice. Looking back, the Bitcoin spot ETF was successfully approved and started trading at the beginning of the year. Now the addition of the Ethereum ETF will undoubtedly further broaden investors' horizons and open a new chapter in crypto asset investment.
However, market sentiment has quietly changed recently. The upcoming Ethereum spot ETF is like a spring breeze, which has aroused the market's infinite imagination: Is Ethereum about to shine even brighter? The launch of this ETF will undoubtedly fill a major gap in the existing publicly traded crypto funds and provide investors with another important choice. Looking back, the Bitcoin spot ETF was successfully approved and started trading at the beginning of the year. Now the addition of the Ethereum ETF will undoubtedly further broaden investors' horizons and open a new chapter in crypto asset investment.
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2L2 Empowers Ethereum Ecosystem: Beyond Token Value, Building a New Era of 'Effective ETH'
Before we delve into the economic potential of L2 tokens, let's focus on how they quietly reshape the broad picture of the Ethereum ecosystem. L2 solutions, as a key driver of Ethereum's scalability, have an impact far beyond the rise and fall of a single token. A unique perspective to measure their true contribution to the Ethereum ecosystem is to observe how these L2s work together with ETH to jointly raise the market value baseline of the entire ecosystem.
To this end, we abandoned the limitations of the value of a single token and adopted a more comprehensive evaluation method: the market value of the top 10 L2 tokens with the leading market value was included in the ETH market value, + communication Junyang: 954737157 to construct a new indicator called "Effective ETH". This innovative perspective not only captures the value of the Ethereum mainnet, but also incorporates the vitality and growth potential brought by the L2 layer, thereby more accurately reflecting the comprehensive value and market trends of the entire Ethereum ecosystem. Through this mirror, we can get a glimpse of how L2, as an indispensable cornerstone of the Ethereum ecosystem, jointly promotes "Effective ETH" to a new peak of value and opens a new era of Ethereum ecosystem development. $HARD $BTC $DOCK #美国6月CPI大幅降温 #美国大选如何影响加密产业？ #德国政府转移比特币
Before we delve into the economic potential of L2 tokens, let's focus on how they quietly reshape the broad picture of the Ethereum ecosystem. L2 solutions, as a key driver of Ethereum's scalability, have an impact far beyond the rise and fall of a single token. A unique perspective to measure their true contribution to the Ethereum ecosystem is to observe how these L2s work together with ETH to jointly raise the market value baseline of the entire ecosystem.
To this end, we abandoned the limitations of the value of a single token and adopted a more comprehensive evaluation method: the market value of the top 10 L2 tokens with the leading market value was included in the ETH market value, + communication Junyang: 954737157 to construct a new indicator called "Effective ETH". This innovative perspective not only captures the value of the Ethereum mainnet, but also incorporates the vitality and growth potential brought by the L2 layer, thereby more accurately reflecting the comprehensive value and market trends of the entire Ethereum ecosystem. Through this mirror, we can get a glimpse of how L2, as an indispensable cornerstone of the Ethereum ecosystem, jointly promotes "Effective ETH" to a new peak of value and opens a new era of Ethereum ecosystem development. $HARD $BTC $DOCK #美国6月CPI大幅降温 #美国大选如何影响加密产业？ #德国政府转移比特币
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The main sources of new selling pressure include the following:
Mt Gox estate: The trustee of the Mt Gox bankruptcy liquidation recently announced that it will initiate the repayment process for Bitcoin and Bitcoin Cash in early July 2024. [2] As of now, the value of Bitcoin held in the estate has reached $8.9 billion. [3] However, there is still some uncertainty as to whether creditors will choose to convert the proceeds into fiat currency, and the specific time frame for conversion.
German government Bitcoin liquidation: German official agencies recently launched a liquidation of Bitcoin confiscated in 2013. [4] According to data service providers such as Arkham Intelligence, Bitcoin wallets associated with the German government transferred nearly 4,000 Bitcoins to cryptocurrency exchanges in June, with a total value of approximately $220 million. [5] This move undoubtedly brought new selling pressure to the market.
The US government has launched a new selling wave: On June 26, the US government sold 3,940 Bitcoins through the Coinbase Prime Deposit platform, with a total value of up to $240 million. These bitcoins originated from the confiscation of assets from a convicted drug dealer. [6] It is worth noting that this is not the first large-scale sell-off by the US government this year. Previously, in March 2023, +Exchange Junyang 831712929 the US government has confirmed the sale of 9,861 BTC, worth approximately US$216 million.
US spot Bitcoin ETP fund outflows: In terms of market fund flows, in the second half of June, US spot Bitcoin exchange-traded products (ETPs) experienced significant net outflows of funds, reaching US$581 million. This is in stark contrast to the net inflow trend in May and early June, further exacerbating the market's selling atmosphere. #德国政府转移比特币 #CPI数据 #美联储何时降息？ $BNB $BTC #德国政府转移比特币 $RPL
Mt Gox estate: The trustee of the Mt Gox bankruptcy liquidation recently announced that it will initiate the repayment process for Bitcoin and Bitcoin Cash in early July 2024. [2] As of now, the value of Bitcoin held in the estate has reached $8.9 billion. [3] However, there is still some uncertainty as to whether creditors will choose to convert the proceeds into fiat currency, and the specific time frame for conversion.
German government Bitcoin liquidation: German official agencies recently launched a liquidation of Bitcoin confiscated in 2013. [4] According to data service providers such as Arkham Intelligence, Bitcoin wallets associated with the German government transferred nearly 4,000 Bitcoins to cryptocurrency exchanges in June, with a total value of approximately $220 million. [5] This move undoubtedly brought new selling pressure to the market.
The US government has launched a new selling wave: On June 26, the US government sold 3,940 Bitcoins through the Coinbase Prime Deposit platform, with a total value of up to $240 million. These bitcoins originated from the confiscation of assets from a convicted drug dealer. [6] It is worth noting that this is not the first large-scale sell-off by the US government this year. Previously, in March 2023, +Exchange Junyang 831712929 the US government has confirmed the sale of 9,861 BTC, worth approximately US$216 million.
US spot Bitcoin ETP fund outflows: In terms of market fund flows, in the second half of June, US spot Bitcoin exchange-traded products (ETPs) experienced significant net outflows of funds, reaching US$581 million. This is in stark contrast to the net inflow trend in May and early June, further exacerbating the market's selling atmosphere. #德国政府转移比特币 #CPI数据 #美联储何时降息？ $BNB $BTC #德国政府转移比特币 $RPL