CryptoExplorers says
Recently, the number of news in the market has increased significantly. Everyone should feel from the recent CryptoExplorers articles. There is a lot of news coming up every day. Even so, the currency price is still hovering below 60,000. The news can make the market work together to hit a new high. This situation requires a fuse to ignite. Without a fuse, we will constantly change hands here. What is consumed is our patience in holding coins. This fuse will definitely be there, but A matter of time.
Meitu bought another US$10 million in Bitcoin yesterday, with an average transaction price of US$56,900. This holding cost should be higher than most of you here, but Meitu has also made a profit of US$19 million through Bitcoin this year. Therefore, we It can be understood that he is using continuous profit-increasing positions, which is a method used by many Wall Street master traders, constantly increasing the number of positions in the correct position, making the snowball bigger and bigger. At this point, Meitu’s number of bitcoins has reached 940, valued at more than 50 million U.S. dollars. In the future, if bitcoins rise, Meitu will rise, bitcoin will fall, and Meitu will also fall. More and more institutions will bitcoin As its own balance sheet, Bitcoin will eventually become the vane of various markets.
At present, the largest holding is MicroStrategy, holding a total of 91,579 BTC, Tesla is second with 32,608, and the third is Coinbase with 4,486. It is hoped that these institutions can continue to increase their weight like Meitu, in order to give Bitcoin more upward momentum.
Bridgewater executives stated that Bitcoin is not rejected as a store of value, but it will not be used on a large scale. This is basically the same as what CEO Dario said before, as part of asset allocation, but not ALLIN. In the future, most institutions must allocate 1-5% instead of participating in a full position with leverage.
JPMorgan Assets said that US debt will reach 2% before the end of the year, and the Fed will consider raising interest rates at the end of 2023 at the earliest. In yesterday’s Fed meeting, Powell said that the traditional way to deal with inflation is to raise interest rates, but Kashkari soon said that the Fed will not preemptively raise interest rates. It is not surprising that the inflation rate reaches 2.5%, and the U.S. government will not choose. Infinite inflation. The decision of the World Central Bank is still conducive to the development of the crypto world. As long as it does not tighten, our market will not be too bad.
StillFire Brewing, an American brewery, accepts Bitcoin payments. This kind of thing happens every day, and the universal currency is coming to us.
Bank Mellon will serve as the service provider of Skybridge Capital's Bitcoin ETF. Although the Bitcoin ETF has not been approved by the SEC, they have already negotiated a cooperation. They just wait for the policy to be released and start dry. The gunpowder keg will be detonated by the SEC at any time. This may be the fuse for breaking a new high of 60,000. .
Citibank and IADB completed the pilot cross-border payment through blockchain technology, and sent money from the United States to the Dominican Republic through the blockchain network. In the end, we will find that it is not other people who subvert the status of the dollar, but the United States itself. This is probably the saddest thing.
TMI, a treasury authority, worked with Diginex to include Bitcoin on its balance sheet. In human terms, I participated in Bitcoin investment through this exchange, and another big guy came in.
The survey shows that 9% of American teenagers have participated in cryptocurrency transactions. Even in a country that is friendly to cryptocurrency like the United States, the proportion of young people participating is only 9%. There is still a lot of room for the future. This data may be less than 1% in another country.
Yesterday, 1 billion USDT flowed into mainstream exchanges, and the money that ran out came back. It was the largest one-day inflow since mid-March, which means that the reserve force is sufficient again and a new round of market may start at any time.
Bitcoin cross-chain anchored coins exceeded 190,000. Recently, everyone is engaged in Defi. More than 100% of the annualized mines are everywhere. All kinds of currencies are locked into the pool in the form of cross-chain, and there is no selling pressure. In the market, there is only time left to start.
The British digital bank Revolut has added 11 cryptocurrencies, which is equivalent to the potential currency that British capital is more optimistic about. Because the first batch is more conventional, this batch should be the currency they think is valuable, just for everyone. reference. Including: ADA, UNI, SNX, YFI, BNT, FIL, NMR, LRC, OXT, GRT.
Market analysis
Bitcoin:
It's the weekend soon. There is no hope for breaking new highs in this day. Therefore, the overall situation will continue to fluctuate. It is not easy to do a trendless market.
ETH:
High shocks. Although Defi is lively and lively, they are all coming to attract ETH. BSC chain empowers BNB and HECO chain empowers HT. They all come to eat the infrastructure of Ethereum, which does not bring any substance to Ethereum. The good thing is, waiting for the gas fee to start burning ETH, it is estimated that it will be the big day.
DOT:
The road map of Polkadot and KSM is still relatively clear, and there are still opportunities to continue upside down. It is currently oscillating at a high level. Wait patiently.
XRP:
Take the 5th line if it is broken, and leave if it breaks.
LINK:
High shocks.
EOS:
I made a PowerUp model, and then came up and down. The biggest reason I am not optimistic about the EOS team is that every time I update something is to cut the leeks, the utilitarianism is too strong, and I can’t get enough goods in my hand. Engage.
XMR:
When the shock goes higher, slow is fast.
ZEC:
If the decline can be recovered, there should be a new high opportunity behind.
FIL:
The rebound is very strong and the pressure is strong at 175. It is not recommended to expect too high.
DOGE:
If you continue to stay sideways like this, there will really be new opportunities after digesting those locked-up disks.
SUSHI:
I made a wave of V3 version, because the unlock profit is too large, so the probability of reversal is still not large.
CFX:
The trend is not bad, the bottom has rebounded, and the community voted to basically 100% agree with investors to postpone the unlock, so let's take it first.
Most of the coins are fluctuating, there is no trend, so we will not analyze them one by one. We still wait patiently for 50 to 70% of the position, and if there is a continuous sharp drop, we will add some opportunities.
That's it for today, I wish you all a happy weekend, see you tomorrow.
