Although the recent performance of US stocks and gold has been impressive, Bitcoin's performance has been poor. However, in terms of annual growth rate, Bitcoin still outperforms gold, US stocks, and all financial investment products.
Recently, both the foreign and Chinese circles believe that the current bear market was caused by Binance's deliberate market crash on 10.11. The FTX collapse in 2022 led to SBF being sent to prison, and now CZ should also be sent in to save the market.
To be fair, the main reason for the arrival of the bear market is still a cyclical issue. In this round, there is no new narrative born that can break the 4-year cycle. It just so happens that 10.11 became the fuse of the bear market; even without the massive drop on 10.11, the bear market would still arrive.
Bhutan sold another 100 bitcoins today, and in the last two months, it has sold a total of 384 bitcoins. This shows that the trading strategy of the Kingdom of Bhutan is the same as everyone else's, buying and selling according to the bull and bear cycles.
Swiss train stations can now buy Bitcoin with cash, reducing the fiat currency process in between, so there’s no worry about not being able to buy U when the prices drop; just don’t know how high the slippage is.
Foreigners are all advising that France should accept Bitcoin payments and exit the EU If this comes true, the future of Bitcoin will be even more promising. Imagine such a future.
The gray scale is still shipping, and the current Bitcoin holdings have only reached 157,000 coins. Once the largest asset management institution for Bitcoin, it has now fallen to an unknown level. It is estimated that it won't last until the next bull market starts; it will be kicked out.
On February 6, whales and institutions collectively bought 669,400 Bitcoins, the largest inflow since the Bitcoin drop in October, indicating that the whales are buying on the dip, including Binance.
The end of the cryptocurrency tycoon is to write books Satoshi Nakamoto——"Bitcoin" Li Xiaolai——"On the Self-Cultivation of Leeks" Sun Yuchen——"This World is Both Cruel and Gentle" Zhao Changpeng——"Beyond Borders" Xu Mingxing——"Illustrated Blockchain"
Yesterday's analysis showed that Ethereum's rebound near 2200 should not be chased. It peaked over 2150 yesterday but then dropped, which is generally consistent with the analysis #ETH
比特币总裁
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From the daily level of Ethereum, the candlestick starts to rebound from the bottom, welcoming three small consecutive bullish candles. However, it is about to touch the MA10 above, constrained by the short-term moving average. If the rebound cannot break through and stabilize above 2200, it is likely to face a second pullback. Therefore, it is not recommended to chase the rise near 2200 #以太坊 #ETH
Last week, MicroStrategy bought 1,142 bitcoins, worth 90 million dollars. For the past two months, MicroStrategy has been buying bitcoins, with each purchase exceeding 1,000 bitcoins, which shows that its financial capability is completely fine. Everyone can dismiss the idea of it facing a crisis this year.
Today, Binance purchased another 4,225 $BTC, worth $299.6 million. In the past week, it has purchased a total of 10,455 BTC, worth $741.39 million. Institutions have started a new round of positioning, while most retail investors are still observing.
From the daily level of Ethereum, the candlestick starts to rebound from the bottom, welcoming three small consecutive bullish candles. However, it is about to touch the MA10 above, constrained by the short-term moving average. If the rebound cannot break through and stabilize above 2200, it is likely to face a second pullback. Therefore, it is not recommended to chase the rise near 2200 #以太坊 #ETH
MicroStrategy's cost for holding Bitcoin is 76000, and it is currently down about 7%. There were also losses in 2022, but MicroStrategy did not sell, and it probably won't sell this year either.
Bitcoin is expected to rise another 11% this month, and the price must stabilize above 78000 for the return on investment to be positive. Based on the performance of the last two weeks, it seems to be a bit challenging.
The U.S. Commodity Futures Trading Commission expands stablecoin regulations, allowing national trust banks to issue tokens pegged to the dollar under the GENIUS Act framework. The stablecoin market is about to explode, and new liquidity is coming in.
The acceptance of Bitcoin by American merchants continues to grow, and Bitcoin payments are bound to become mainstream in the future. With applications supporting it, the price will also rise accordingly. Therefore, this year, during the bear market, is the best opportunity for spot positioning.