As the double holiday approaches, how will the market trend?
The drop on Friday combined with the V-recovery basically dominated the weekend's market. It can be seen that as the double holiday approaches, the liquidity in the cryptocurrency market has clearly weakened, so this week’s market should mainly be volatile, and the profitability effect will be much less than before. On December 20, Bitcoin ETF saw a net outflow of 277 million, while Ethereum ETF saw a net outflow of 75.1 million. Even the 1BIT from Beichai is flowing out, which is definitely a key turning point. A very critical turning point, very critical. After the Ethereum Foundation, the second top escape master has appeared, Sun Yuchen returned 39,999 ETH (143 million USD) from Lido Finance and ether.f, and then deposited all of it into HTX. Since November 10, as the ETH price started to rise, he has deposited 108,919 ETH (400 million USD) into HTX at an average price of 3,674 GBP. Currently, he still has 42,904 ETH (139 million USD) being unstaked from Lido, which may soon be deposited into HTX. Back then, Sun was also a master who escaped with more than 4,500 ETH. Although he still has a lot in hand, this wave should clearly indicate some signs of a top.
Is the Christmas period an opportunity for a rebound or a volatile adjustment?
Last Friday, the cryptocurrency market experienced a rebound. Did you feel that this rebound was particularly obvious? But have you noticed what the market sentiment is? In fact, this time the market sentiment is not panic, but greed. During market declines, many people choose to buy the dip, which is clearly not in line with our expectations. Because usually, when the market bottom arrives, it should be accompanied by panic selling, rather than such confident dip buying. Therefore, from this point of view, it is evidently not yet the true bottom of the market.
From the rebound after the sharp drop, it can be seen that stability has temporarily been achieved, but this is not a signal to catch the bottom. It is related to the PCE data, including institutional predictions that Ethereum's ETF staking may pass, and Trump is increasing his position in ETH again. However, the weekend's market is a game among retail investors, meaning that after significant drops, there will naturally be some capital intervention, but this intervention cannot last long. For example, if today BTC's ETF starts trading and there's an outflow, then the market will still fall into a panic adjustment phase. Currently, BTC needs capital support to quickly break through key resistance levels. Although MicroStrategy has started a one-month pause, BlackRock and listed companies are still active, so there’s no need to worry about the end of the bull market or a prolonged adjustment. On the 23rd-24th, MSTR will officially be included in the Nasdaq 100, and large capital supports are also preparing.
In this circle, there is a term that is heard quite often, called 'recouping losses'.
If you are focused on recouping losses, you will fall into the trap of recouping losses, and your vision will become increasingly short-sighted. You open an order, make a 5% profit, and hurriedly take the profit, fearing that you will lose again. Taking a bit of profit brings you closer to recouping losses. In the end, you will find that not only have you failed to recoup losses, but you are also losing more and more, and you have missed more and more significant opportunities. The author of Naruto, Masashi Kishimoto, was very poor at first. Because he was poor, he always wanted to make some money, taking on any kind of drawing, drawing whatever was popular. As a result, he became increasingly lacking in his own characteristics. Later, I awakened him, and he made a firm decision not to limit his vision to making a little money but to create more meaningful works. Because he no longer catered to the market for quick money, he couldn't even earn a little money and lived very poorly for the next few years. But after that period, more and more of his profound works began to become popular, ultimately becoming a legendary masterpiece in the history of manga, 'Mars Ninja'. Let me ask, if he had continued to cater to the market for quick and small profits, would there have been any later achievements? Many times, what you lack is not that little money, not recouping losses; what you lack is a heart that must become rich. If you want to change to becoming rich, you need to change your perception and your thinking; stop thinking about recouping losses all day, and stop aiming for small profits. The poor play with skills, while the rich play with courage. To change your situation, you need to have a rich person's heart.
XRP Big News, Market Plummets, But XRP Whales Frenziedly Sweep Up 80 Million!
Recently, this market has been truly thrilling, but the XRP whales seem to be not afraid at all. When the market crashed, they took the opportunity to buy in bulk, sweeping up 80 million XRP in one go!
Look at BTC and those popular altcoins, they have all dropped significantly recently. But this has provided everyone with a good opportunity to buy at the bottom. Moreover, Ali Martinez has pointed out that since the market started to correct, these whales have been quietly accumulating. Speaking of Ripple, their recently launched stablecoin RLUSD has also been eye-catching. This thing can increase liquidity, making XRP, this little expert in cross-border payments, even more attractive. Today, XRP's price has risen by 4%, and trading volume has surged by 27%! However, despite the price increase, the open interest in the futures market has dropped quite a bit. This indicates that some people still have concerns, worried that this is just a short-term rebound. Although this market is highly volatile, there are also many opportunities; as long as you have vision and courage, you can reap significant benefits here. Just like those whales, while everyone else is selling, they are quietly accumulating, waiting for the right moment to make a big profit!
Recently, one of the founders of Dogecoin, Billy Markus, made a big announcement on a platform, saying that Dogecoin is going to become 'scarce'. This has caused quite a stir in the cryptocurrency community. As fans of Dogecoin, we need to talk about this. First, we need to understand what 'scarce' means and how Dogecoin can become scarce. Billy Markus said it's not difficult; it just requires a few steps: First, we need to get those coding experts to take action and change a setting on GitHub, the programmers' stronghold, so that Dogecoin can become scarce.
How much money has Trump made from cryptocurrency in two years?
It is safe to say that Donald Trump himself has not actually signed transactions on Polygon and Ethereum. Nevertheless, those handling cryptocurrency projects related to him are still doing their best to make Trump live up to his title: the first on-chain president. I spent the morning sorting through on-chain data related to Trump's crypto projects—his NFT series (trading cards) and the upcoming DeFi platform World Liberty Financial. This is a quick analysis, but the data shows that Trump has earned nearly $84 million in cryptocurrency revenue in two years.
Bitcoin is about to test again! Future positives await! Timing is crucial for bottom-fishing!
Good evening, brothers and sisters. Today's market drop has left people feeling somewhat numb. Yesterday's decline felt like the 3.12 event, while today's feels like the follow-up or aftershock of 3.13. In the past 24 hours, the global liquidation amount reached $1.023 billion, with over 300,000 people liquidated. Cherish life, stay away from contracts! Yesterday, the liquidation amount of altcoins far exceeded that of Bitcoin. Although today’s decline is also significant, the liquidation amount has clearly decreased. It seems that the altcoin bulls have basically exhausted all their strength.
Now, after liquidating long positions, it seems the shorts are also not spared. The long amount is currently $1.3 billion, while the short amount is as high as $9.3 billion. Are the shorts panicking now?
The United States began to catch traitors after leaking the "top secret". Did Musk offend someone he shouldn't have?
America’s “King of One Word” Musk has been targeted. According to the New York Times, U.S. federal agencies have launched at least three reviews to investigate whether Musk and his space exploration technology company SpaceX have complied with security reporting regulations designed to protect national secrets. Musk responded simply: "I am being hunted by the deep state traitors who have their paid puppets in the legacy media. I never like to start a fight, but I will put an end to them."
As a die-hard supporter of Trump, why is Musk being targeted? Can Musk escape federal scrutiny?
In trading, some people believe that the more the price falls, the more they should buy, while others believe in stop loss. Which one is correct?
I think this is a very good question, and it is also a topic that I particularly want to make a special topic for members recently. Whether to buy more when the price drops or resolutely stop loss depends essentially on your values and cognitive level. Let's first look at what investment and speculation are: In the market, there are two types of people, one is value investing, and the other is speculating. There is no good or bad difference between the two. The previous article on contracts also mentioned in detail that the original intention of the invention of futures contracts was to hedge for those who produce spot goods (short/sellers) or those who need spot goods in the future (long/buyers). However, if everyone comes to hedge, it is very likely that you will not be able to find a counterparty that can match it in this market, and no transactions can be made. At this time, speculators began to appear. Speculators acted as the counterparties of these serious hedgers, providing liquidity, and buying and selling completed the pricing of the futures market. Hedges complete the transfer of risks through speculators, and speculators obtain an expectation of possible future profits by accepting risks. In the long run, value investors make money from these speculators.
1) Market trend BTC plummeted, the monthly line inserted upwards, and the bull market entered the second half. The copycat plummeted, and the meme led the decline. Yesterday and the day before yesterday, there was talk of a plummet. How many people can keep up? The car is too heavy and can't be pulled. Welcome to leave a message and take you to lay out the magic order US stocks fell, and the monthly line of the US dollar index broke upward. The Federal Reserve is hawkish, and the number of interest rate cuts next year will drop significantly. 2) Market hot spots: 1. Stable currency Usual rose sharply. Cooperating with ENA, mining contract rates and US Treasury yields at the same time, the coin price subsidizes the Apy yield to form a positive Ponzi cycle. 2. The platform coin BGB rose sharply, with a market value of 9 billion US dollars close to OKB's 10 billion US dollars. 3. Fartcoin and ARC on the chain AI rose sharply. Fartcoin, the fart coin, appeared on an American TV show, with a market value of more than 1 billion US dollars, becoming the only winning AI meme. ARC will cooperate with the Sol Foundation on Rust's AI platform, and will establish a coin pair trading launch platform similar to Virtual. The highest market value of the competing product Virtual is 3 billion US dollars. 4. The UFD of the on-chain meme is rising rapidly. UFD is an old-timer coin that satirizes culture, and its market value reached $300 million in 2 days. The biggest function of meme is satire. Shit, urine, fart, cats, dogs and frogs, these arts that the people love the most, are the most vital art memes.
First, you have to know how much money you need after retirement. This varies from person to person, but generally speaking, $1 million to $2 million is a rough number. Then, you have to look at the current price of Dogecoin. In 2024, the price of Dogecoin will fluctuate between $0.05 and $0.1 per coin. For example, if you want to have $1 million after retirement, and the price of Dogecoin is $0.1 per coin, then you need 10 million Dogecoins! Of course, investing in Dogecoin has potential, just like it has skyrocketed in 2021. But you also have to understand that cryptocurrencies are volatile, especially Dogecoin, and the risk is not small. So, don't put all your eggs in one basket. You can invest part of your money in Dogecoin and put the other part in more stable assets. This way, even if Dogecoin rises, you can make money, but you won't lose sleep because you bet everything on it.
And don't forget about taxes. If Dogecoin goes up, you may have to pay taxes on the money you earn, so you have to plan ahead. Finally, you have to think about the future of Dogecoin. If it really goes up to $1 or $5, the number of Dogecoins you need for retirement will be greatly reduced. But it all depends on the market, the price, and your own financial situation. In general, it is not impossible to retire with Dogecoin, but you have to be strategic, risk-aware, and plan well. Ambush potential coins in advance and keep up with my pace
250,000 people liquidated! A single sentence from Powell caused a collapse! Bitcoin fell below $100,000, altcoins adjusted close to 15%, and is the super major crash to 20,000 points still on the way?
This morning, Powell stated that the Federal Reserve has no intention of participating in any plans for the government to hoard large amounts of cryptocurrency. Coupled with the Fed's meeting lowering interest rate cut expectations for next year, this has led to a significant drop in cryptocurrencies. Since standing at 90,000, we have already experienced three rapid declines, and today’s drop counts as the fourth. It can be said that the previous three rapid declines consumed a large amount of buying power, so this time after the rapid decline, we did not see much buying power in the market. Instead, there was a downward trend after a sideways movement, which effectively buried another wave of bottom-fishing funds. Therefore, in the short term, it will be quite difficult to return to a strong position. The overall market enthusiasm was too high recently. If nothing unexpected happens, the market should be completing the most severe cleansing before the rapid rise of altcoins, aided by the knife handed over by Powell.
Bitcoin just won't drop, altcoins just won't rise; could it be that we are truly experiencing a false bull market?
Bitcoin's continuous new highs also align with expectations of the Federal Reserve's impending interest rate cuts, surging from 103,000 to 107,000, and now the exchange rate has fallen back to 106,500. The speculative index for altcoins has also dropped from a previous high of 90 to 63. Currently, the market situation shows that BTC has a very strong sucking effect. Looking at historical interest rate cut trends, each time before a rate cut, there is always a rally in Bitcoin, followed by a surge after the cut. Therefore, if we promote Bitcoin, it is not far from 110,000, and if the market goes crazy, we might even see 150,000. When will altcoins experience a rebound? That being said, even if Bitcoin continues to rise and breaks 110,000, altcoins will still present a half-dead situation. For altcoins to show improvement, there must be outside capital entering, or funds previously stuck in high market cap coins like DOGE, XRP, and ETH need to flow back out. If these do not rise, it will be difficult for altcoins to improve. As for the wealth generation effects on-chain, everyone needs to rely on their own ability because they come quickly and leave quickly, which is not suitable for all non-professional players. The race is filled with full-time scientists, and to compete with them, you need not only expertise but also enough time to study.
Must-See Cryptocurrency Trading Secrets for Newcomers
Trading cryptocurrencies is not as simple as you think; it’s not just about buying low and selling high to make countless profits. A qualified trader not only needs to understand economics but also keep up with news trends, understand national policies, care about international situations, study the fundamentals and technical aspects of cryptocurrencies, and constantly fight against their own fears and greed. You need to have a big heart to withstand the ups and downs, and endure temptations and hardships. Those who survive in the cryptocurrency world are basically resilient and tough.