CryptoExplorers says
09/05/2021
The founder of Grayscale finally couldn't sit still after seeing the big increase in the combination of dog shit. He tweeted that he had shorted Dogecoin and suggested that Dogecoin holders quickly convert Dogecoin to Bitcoin. He then said that if Dogecoin reaches $1 before the end of the month, it will donate $1 million to community charities. The conflict between interests is always bloody. When the shit combination steals a large amount of funds from the market, it will be difficult for Bitcoin to rise decently. The binding of gray and Bitcoin interests is the deepest. At this time, gray The CEO's approach is to encircle Wei and save Zhao, hoping that in this way, funds can flow back to the pie, so that Gray can continue to be a beneficiary of the bull market.
Musk mentioned Dogecoin again on Saturday night. He said, "This is the future of currency. It is an unstoppable financial tool that will take over the world." Later the host joked, "Dogecoin is a game. Scam?" Musk smiled helplessly and said, "Well, he is a scam." Later Musk's mother said without expression on the show: "Mother's Day gifts are exciting, but I hope it is not Dogecoin." Musk's It is both a future and a scam and Musk's mother's statement made Dogecoin plummet, and it is difficult for it to improve in the short term.
The CEO of Binance USA stated that it will increase the number of employees by 5 times in the next 18 months. This reminds the CryptoExplorers of Huobi from 2017 to 2018. In the second half of 2017, the number of employees was less than 200, and the number of employees will reach half a year later. With more than 1,000 people, it has become a veritable large group. Everyone knows what happened afterwards. The market has gone awkward, and the number of personnel is gradually reduced. The later the bull market, the faster the market rises, and the more people rush to enter the market, and then the market will come to an abrupt end. However, this bull market cannot simply look at retail investors. After all, it is a bull market guided by institutions. After a short break, more retail investors will enter the market. The main reason is that the market is small enough and still in the incremental world. Stock, so this time the bulls and bears have a high probability of not transforming like this, but the relationship between the bull market 1.0 2.0 and 3.0.
In April, the Korean crypto exchange software used more than 100 million hours, an increase of more than 11 times compared with the end of last year. Whether it is trading volume, increase, or active time of active people, they are all showing rapid acceleration. This is a period of time. The prelude to the end of the trend.
Whales holding 100-10,000 bitcoins have increased their holdings by 20,000 bitcoins in the past two days. This shows that big investors are buying while holding sideways. It is very likely that a wave of small coins has been speculated and the funds returned to bitcoin. The pre-signal of the currency.
Defi's total lock-up volume dropped to 116.5 billion U.S. dollars. On the one hand, there have been many security incidents in the Defi market recently, and on the other hand, the rebound in the market has caused a lot of funds to return to the exchange to participate in the market. However, the overall trend of Defi is irreversible, and the short-term correction is also extremely healthy.
Market analysis
Bitcoin:
Bitcoin has continued to fluctuate and rise in the past two days, and funds have continued to flow back. As the shit portfolio is depressed, a batch of funds will return to the mainstream currency market, so it is mainly to buy or hold.
ETH:
Without brain holding along the 5-day line, ETH can be eaten from 2500 to the present, and it is still mainly held.
DOT:
Link with the mainstream and move higher.
XRP:
Yesterday the co-founder refilled the exchange with another 100 million. It should be almost digested, and the holdings are waiting to rebound.
LINK:
The high position continued to reject the callback, and fluctuated higher.
BCH:
If the 5th line is not broken, you can strictly follow the 5th line tactics, hold it if you don't break it, and come out first if it breaks.
LTC:
Today, yesterday’s callback has been reversed. It is relatively strong and can continue to be held.
BSV:
Yesterday's fall was too weak, indicating that there is no obvious protection of funds, but there will be a rebound in this position, it is just a matter of strength and weakness.
ADA:
Continue to walk out of new highs, still in the main Shenglang, not in a hurry to leave.
EOS:
Rushing high and falling back, it is not easy to think new highs, the top is tightly tied.
XMR:
The rebound can be reduced by one.
ETC:
The form is similar to that of EOS, with a rise and fall. It is expected that the callback will be the mainstay.
DOGE:
The top pattern is basically there, and the rebound is mainly to lighten up. Don't be sharp when it is bullish, and it will not be bad when it falls.
UNI:
High volatility, V3 is not as expected + Defi lock-up volume decreases, and short-term volatility will continue.
SHIB:
Don't fight for the stupid, it has increased by 100,000 times since its listing, and the acceleration of the rise is to find the last baton. The same is true for animal coins such as pig coins and Akita dogs.
Before the listing of the Big Mac on the 11th, the market was still leaping upwards, and the emotions and funds were still there. The main reason was to see more. After the ICP on the 11th, we will see if the funds will be diverted and sucked blood. Make judgments.
Today is Mother's Day. I wish all mothers a happy Mother's Day and a long and healthy life! Comrades who make money by speculating coins, remember to send a big red envelope to reward your mother. Mothers of that era suffered a lot, and it was really not easy for us to grow up.
That's it for today, I wish you a happy weekend, see you tomorrow.
