On weekends, the market fell and shook, and a bunch of leeks shouting bear market appeared again. At this time, we can truly see humanity and feel the differences in the market. Such moments will make People hold money steadily, because various indicators are showing that the bull market has not ended. What we are experiencing is only a short-term adjustment. Perhaps after December, the market’s upward trend will come again. As for why the market panic index will change from Extreme greed instantly returns to extreme panic. This is also the charm of the crypto market. It embodies the so-called human nature to the fullest. The rhythm of the madman has not changed from beginning to end. The probability of the end of the megatrend is currently very low.
The mayor of Colorado’s central city proposes to invest 20% of the capital reserves in Bitcoin. In the crypto sector, hedge funds in the United States go first, then the government, and finally financial institutions. At present, the real traditional giant institutions have not yet entered the market. It is indeed too early for the bull market to come to an end.
Gemini executives said that the Bitcoin spot ETF may be approved in 2022. We just need to listen to such comments. In the end, we must continue to observe the SEC's attitude and development of the crypto industry. At least we know in our hearts that once the Bitcoin spot ETF After being approved, it will bring us trillions of increments. Other things will be left to time, and it will be enough to be patient with the bargaining chip.
The Afro said that MEME is very important in the market, but it also collapses fastest in a bear market, because it has no fundamental support and just relies on brainless speculation. Madmen agree with this view very much. Who can escape before the bubble bursts is the essence of playing MEME coins. At least the madmen don’t have this ability, so they have always been value investments. Although the staged run may not be very fast, the long-distance running results Always at the top.
South American real estate companies backed by Amazon founder Bezos will accept Bitcoin for real estate transactions and will eventually open up more than 80,000 property inventories to Bitcoin. Bitcoin is on its way to universality.
Panic 27 has eased, and the callback may not be over yet.
Currency News:
Bitcoin: The transaction volume of tens of millions of dollars on the chain has reached a record high, which is often a prelude to a trend upward; there are more than 148,000 currency holding addresses above 10 BTC, a four-month high, the super-large and medium-sized Bitcoin users Households still mainly increase their holdings, and the probability of market bears is very low; long-term Bitcoin holders start to sell, and short-term holders start to buy, which means that the main rise of Bitcoin will soon begin. Conclusion: If you dare to fall, you dare to buy! Maybe it was the last digging before pulling up.
SHIB: Newegg, a retail giant, accepts SHIB payments. There are more people holding it. Naturally, many merchants are willing to accept it. No one will have trouble with the benefits. It still has not stabilized in the short term, so participation is not recommended.
DYDX: There is a contract vulnerability. Users who have authorized deposit rights after November 24 should immediately withdraw their funds. At present, the security of funds is not affected, but I have to say that the DEX security of the order book is still not as stable as AMM's market making. As a result, the currency price has been affected a bit, and the strong support is around $10.
IMX: The number of projects established on IMX in the past 6 months has increased by 100 times. IMX is the first N FT Layer 2 expansion solution on Ethereum. This wave of hype mainly involves the underlying technology of Meta Universe. As the underlying platform, after the callback is in place, there will be opportunities for future growth.