VanEck提交首个SolanaETF
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资管机构VanEck已向美SEC提交Solana信托申请文件，文件称，VanEck Solana信托是一个ETF，VanEck Solana Trust是首个在美国申请的Solana ETF。消息发布后，SOL短时上涨至149.16 USDT。
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Let’s clarify the classification of Bitcoin addresses at once
How many types of BTC addresses are there now?
There are now four BTC address types, each of which is slightly different in the format and use of the address. The following are several common Bitcoin address types: P2PKH (Pay-to-Public-Key-Hash): This is the most common address type and starts with "1". This address type is the earliest and most widely accepted. For example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
P2SH (Pay-to-Script-Hash): Starts with "3" and is used for multi-signature and other complex transaction scripts. This address type's script is verified in the transaction. For example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
There are now four BTC address types, each of which is slightly different in the format and use of the address. The following are several common Bitcoin address types: P2PKH (Pay-to-Public-Key-Hash): This is the most common address type and starts with "1". This address type is the earliest and most widely accepted. For example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
P2SH (Pay-to-Script-Hash): Starts with "3" and is used for multi-signature and other complex transaction scripts. This address type's script is verified in the transaction. For example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
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July 4th Time Traveler [Revisiting the Journey to the West]
💵1KU Challenge 10WU (Day 29)
🚩Initial 1000u Current: 1007u
🐸Today's Shanzhai Recommendation: TON KAS OM
👉Recommendation reason: These three are L1 with independent market conditions. At this time, it is useless to talk about technical aspects. You can see who is hard and who is soft by looking at it. You can not do the mainstream, but these Shanzhai should be hung well
👉Yesterday's summary: How many people were killed by the market with this needle, so the same sentence is still the same. You must choose the standard with independent market conditions. If you don’t know how to choose the standard, you can refer to the Shanzhai I called. Although it may not be all right, it can at least be half right
🐮Strictly manage positions, don’t hold heavy positions, separate mainstream and Shanzhai positions, and strictly prohibit chasing orders
👉Anti-empty opening method: open positions of all strategy targets at the current price, and each standard has a position of 1% of the total amount, The pending order point in the strategy becomes the position for adding positions. Control the position well. If the market changes and the average price rebounds, exit with profit. If the market does not change, exit with profit of more than 20%-50%
$BTC Point 57800 (2% position) (20x)
$BTC Point 56500 (4% position) (20x)
$BTC Point 55500 (6% position) (20x)
$BTC Point 53168 (11% position) (20x)
$ETH Point 3206 (2% position) (20x)
$ETH Point 3152 (4% position) (20x)
$ETH Point 3040 (6% position) (20x)
$ETH Position 3005 (11% position) (20x)
Intraday altcoin
$TON Position 7.35 to 7.6 Place orders in batches
Take profit: around 8 Stop loss: 7.17
$KAS Position 0.162 to 0.17 Place orders in batches or increase positions in batches
Take profit: around 0.25 Stop loss: 0.16
$OM Position 0.72 to 0.76 Place orders in batches
Take profit: around 0.87 Stop loss: 0.7
1️⃣BTC Take profit around 60500, reduce position after profit of more than 50%, and push stop loss to opening position, keep holding the bottom position without leaving the market, defend 52800
2️⃣ETH Take profit 3300 Nearby, after 50% profit, reduce the position and push the stop loss, continue to hold the bottom position and do not leave the market, defense 2980
#非农就业数据即将公布 #Mt.Gox将启动偿还计划 #币安合约锦标赛 #VanEck提交首个SolanaETF #以太坊ETF批准预期
💵1KU Challenge 10WU (Day 29)
🚩Initial 1000u Current: 1007u
🐸Today's Shanzhai Recommendation: TON KAS OM
👉Recommendation reason: These three are L1 with independent market conditions. At this time, it is useless to talk about technical aspects. You can see who is hard and who is soft by looking at it. You can not do the mainstream, but these Shanzhai should be hung well
👉Yesterday's summary: How many people were killed by the market with this needle, so the same sentence is still the same. You must choose the standard with independent market conditions. If you don’t know how to choose the standard, you can refer to the Shanzhai I called. Although it may not be all right, it can at least be half right
🐮Strictly manage positions, don’t hold heavy positions, separate mainstream and Shanzhai positions, and strictly prohibit chasing orders
👉Anti-empty opening method: open positions of all strategy targets at the current price, and each standard has a position of 1% of the total amount, The pending order point in the strategy becomes the position for adding positions. Control the position well. If the market changes and the average price rebounds, exit with profit. If the market does not change, exit with profit of more than 20%-50%
$BTC Point 57800 (2% position) (20x)
$BTC Point 56500 (4% position) (20x)
$BTC Point 55500 (6% position) (20x)
$BTC Point 53168 (11% position) (20x)
$ETH Point 3206 (2% position) (20x)
$ETH Point 3152 (4% position) (20x)
$ETH Point 3040 (6% position) (20x)
$ETH Position 3005 (11% position) (20x)
Intraday altcoin
$TON Position 7.35 to 7.6 Place orders in batches
Take profit: around 8 Stop loss: 7.17
$KAS Position 0.162 to 0.17 Place orders in batches or increase positions in batches
Take profit: around 0.25 Stop loss: 0.16
$OM Position 0.72 to 0.76 Place orders in batches
Take profit: around 0.87 Stop loss: 0.7
1️⃣BTC Take profit around 60500, reduce position after profit of more than 50%, and push stop loss to opening position, keep holding the bottom position without leaving the market, defend 52800
2️⃣ETH Take profit 3300 Nearby, after 50% profit, reduce the position and push the stop loss, continue to hold the bottom position and do not leave the market, defense 2980
#非农就业数据即将公布 #Mt.Gox将启动偿还计划 #币安合约锦标赛 #VanEck提交首个SolanaETF #以太坊ETF批准预期
July 3rd Time Traveler [Revisiting the Journey to the West]
💵1KU Challenge 10WU (Day 28)
🚩Initial 1000u Current: 1046u
🐸Today's Shanzhai Recommendation: TON KAS OM
👉Recommendation reason: KAS callback is over, and the positive news of the production cut on the 7th is approaching, the target is 0.25, TON continues to see a new high of 10 US dollars, OM consolidation is over, and the short-term view is 0.94
👉Yesterday's summary: The market continues to fluctuate downward, but it has little to do with the target we chose. Now we have begun to learn to reject all targets that follow the market, and must make independent market targets. Some L1s are good choices. Hold firmly to get big results
🐮Strictly manage positions, do not hold heavy positions, separate mainstream and Shanzhai positions, and strictly prohibit chasing orders
👉Anti-empty opening method: open positions of all strategy targets at the current price, and each target has a position of 1% of the total amount, The pending order point in the strategy becomes the position for adding positions. Control the position well. If the market changes and the average price rebounds, exit with profit. If the market does not change, exit with profit of more than 20%-50%
$BTC Point 60200 (2% position) (20x)$BTC Point 58900 (4% position) (20x)$BTC Point 57700 (6% position) (20x)$BTC Point 56500 (11% position) (20x)
$ETH Point 3283 (2% position) (20x)$ETH Point 3240 (4% position) (20x)$ETH Point 3185 (6% position) (20x) $ETH 3105 (11% position) (20x)
Intraday altcoin
$TON 7.5 to 7.6, place orders in batches
Take profit: around 8, stop loss: 7.17
$KAS 0.171 to 0.175, place orders in batches or increase positions in batches
Take profit: around 0.25, stop loss: 0.17
$OM 0.746 to 0.78, place orders in batches
Take profit: around 0.87, stop loss: 0.72
1️⃣BTC take profit around 64800, reduce position after profit of more than 50%, and push stop loss to opening position, keep holding the bottom position without leaving the market, defend 56000
2️⃣ETH take profit 3430 Nearby, after 50% profit, reduce the position and push the stop loss, continue to hold the bottom position and do not leave the market, defend 3080
#非农就业数据即将公布 #币安合约锦标赛 #Mt.Gox将启动偿还计划 #以太坊ETF批准预期 #meme板块关注热点
💵1KU Challenge 10WU (Day 28)
🚩Initial 1000u Current: 1046u
🐸Today's Shanzhai Recommendation: TON KAS OM
👉Recommendation reason: KAS callback is over, and the positive news of the production cut on the 7th is approaching, the target is 0.25, TON continues to see a new high of 10 US dollars, OM consolidation is over, and the short-term view is 0.94
👉Yesterday's summary: The market continues to fluctuate downward, but it has little to do with the target we chose. Now we have begun to learn to reject all targets that follow the market, and must make independent market targets. Some L1s are good choices. Hold firmly to get big results
🐮Strictly manage positions, do not hold heavy positions, separate mainstream and Shanzhai positions, and strictly prohibit chasing orders
👉Anti-empty opening method: open positions of all strategy targets at the current price, and each target has a position of 1% of the total amount, The pending order point in the strategy becomes the position for adding positions. Control the position well. If the market changes and the average price rebounds, exit with profit. If the market does not change, exit with profit of more than 20%-50%
$BTC Point 60200 (2% position) (20x)$BTC Point 58900 (4% position) (20x)$BTC Point 57700 (6% position) (20x)$BTC Point 56500 (11% position) (20x)
$ETH Point 3283 (2% position) (20x)$ETH Point 3240 (4% position) (20x)$ETH Point 3185 (6% position) (20x) $ETH 3105 (11% position) (20x)
Intraday altcoin
$TON 7.5 to 7.6, place orders in batches
Take profit: around 8, stop loss: 7.17
$KAS 0.171 to 0.175, place orders in batches or increase positions in batches
Take profit: around 0.25, stop loss: 0.17
$OM 0.746 to 0.78, place orders in batches
Take profit: around 0.87, stop loss: 0.72
1️⃣BTC take profit around 64800, reduce position after profit of more than 50%, and push stop loss to opening position, keep holding the bottom position without leaving the market, defend 56000
2️⃣ETH take profit 3430 Nearby, after 50% profit, reduce the position and push the stop loss, continue to hold the bottom position and do not leave the market, defend 3080
#非农就业数据即将公布 #币安合约锦标赛 #Mt.Gox将启动偿还计划 #以太坊ETF批准预期 #meme板块关注热点
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Triple Risk Day is Coming
There are important macro events and data today, including the just-concluded US presidential election debate, US PCE data tonight, and one piece of information that traders must know, so please see the end of the article.
Biden and Trump had their first debate this morning. The market generally believed that it was a disaster for Biden, who was incoherent from time to time, while Trump seemed more powerful. So after the first round of debates, the market bet on the probability of Trump's victory soared, which shows the importance of debates. The US dollar then gave up some of its gains this morning. The market is a little worried that Trump will win, but this is a story for later. I will pay close attention to this event in the internal community.
Biden and Trump had their first debate this morning. The market generally believed that it was a disaster for Biden, who was incoherent from time to time, while Trump seemed more powerful. So after the first round of debates, the market bet on the probability of Trump's victory soared, which shows the importance of debates. The US dollar then gave up some of its gains this morning. The market is a little worried that Trump will win, but this is a story for later. I will pay close attention to this event in the internal community.
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$SOL 🔥🔥
SOL is here!
The daily line has formed a W pattern,
The lowest is 121, currently 147
Continue to be bullish,
Target🎯: 141 entry
Second target🎯: 138 order
Stop loss point: 133
#VanEck提交首个SolanaETF
#SolanaETF
#SOLFI
SOL is here!
The daily line has formed a W pattern,
The lowest is 121, currently 147
Continue to be bullish,
Target🎯: 141 entry
Second target🎯: 138 order
Stop loss point: 133
#VanEck提交首个SolanaETF
#SolanaETF
#SOLFI
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Storm coming? US election risks affect the market
As we head into the final period of this week, what do we need to know?
The PCE data was in line with expectations, so it didn't have much of an impact. The first debate of the US election dominated the headlines today, and it was a disaster for Biden, and the Democrats are even considering replacing Biden. We need to understand the potential impact of this on the market. On the one hand, if the Democratic Party has a new candidate, it means that there are new players in the game, which will definitely affect the market. On the other hand, as for Comrade Trump, his chances of winning have greatly increased at present, but he has put forward some policy views that have a huge impact on the market, such as depriving the Federal Reserve of its independence and imposing a 10% tariff on all goods entering the United States, which will lead to inflation. So today in the Asian and European sessions, we saw the market trying to understand these impacts and consequences, and I think the market may need some time because this will have a huge impact on the US dollar and US bonds, and thus on gold. This will be an important theme for the market in the coming months.
The PCE data was in line with expectations, so it didn't have much of an impact. The first debate of the US election dominated the headlines today, and it was a disaster for Biden, and the Democrats are even considering replacing Biden. We need to understand the potential impact of this on the market. On the one hand, if the Democratic Party has a new candidate, it means that there are new players in the game, which will definitely affect the market. On the other hand, as for Comrade Trump, his chances of winning have greatly increased at present, but he has put forward some policy views that have a huge impact on the market, such as depriving the Federal Reserve of its independence and imposing a 10% tariff on all goods entering the United States, which will lead to inflation. So today in the Asian and European sessions, we saw the market trying to understand these impacts and consequences, and I think the market may need some time because this will have a huge impact on the US dollar and US bonds, and thus on gold. This will be an important theme for the market in the coming months.
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The market is waiting for a signal to change the trend
The current adjustment is mainly due to the selling of some long-term investors represented by miners.
It can be seen that the selling volume this time is obviously less than that in 2017 and the end of 2021, indicating that many long-term holders "carve the boat to seek the sword" and believe that there may be a market in the future
In addition to selling, there is another important reason for the adjustment since April: global liquidity has declined. With less money in the market, asset prices naturally fall back
The next question is, will there be a bull market like in 2017 and 2021 in the future?
It's nothing more than where does the money come from? Where does the ecological demand come from?
Where does the money come from? Basically, it depends on the Federal Reserve. If the US economy has a soft landing, the Federal Reserve will gradually cut interest rates, and a slow bull market will appear; if the US economy has a hard landing, the assets of the entire market may experience a bloodbath, and then the Federal Reserve will start printing money, followed by a rapid bull market
Where does the ecological demand come from? Objectively speaking, this round of cycle has not yet produced a large-scale ecological narrative, which is only driven by ETF funds and meme coins. However, the technology iteration of the crypto market in this cycle is very fast, there are many innovations, and a lot of infrastructure has been built. A large-scale ecological narrative may suddenly appear at some point.
So there is still room for imagination in the future market
At present, Ethereum has great potential to become a platform for RWA (world asset tokenization) in the future; in addition to Ethereum, the two public chains SOL and TON are also very eye-catching. They are not only hyping meme coins and small game coins. TON is based on telegram, and SOL is based on Twitter X. They are all user traffic gathering places in units of 100 million. Through the front end of web2, massive users are linked to the public chain system. Who knows how big a spark can be created in the future? The imagination space is indeed much larger than the defi ecology in 2021. After all, it can "fool-proof" to allow hundreds of millions of new users to enter the world of blockchain ecology
#非农就业数据即将公布 #MiCA #VanEck提交首个SolanaETF #Meme板块普涨 #美联储何时降息？
The current adjustment is mainly due to the selling of some long-term investors represented by miners.
It can be seen that the selling volume this time is obviously less than that in 2017 and the end of 2021, indicating that many long-term holders "carve the boat to seek the sword" and believe that there may be a market in the future
In addition to selling, there is another important reason for the adjustment since April: global liquidity has declined. With less money in the market, asset prices naturally fall back
The next question is, will there be a bull market like in 2017 and 2021 in the future?
It's nothing more than where does the money come from? Where does the ecological demand come from?
Where does the money come from? Basically, it depends on the Federal Reserve. If the US economy has a soft landing, the Federal Reserve will gradually cut interest rates, and a slow bull market will appear; if the US economy has a hard landing, the assets of the entire market may experience a bloodbath, and then the Federal Reserve will start printing money, followed by a rapid bull market
Where does the ecological demand come from? Objectively speaking, this round of cycle has not yet produced a large-scale ecological narrative, which is only driven by ETF funds and meme coins. However, the technology iteration of the crypto market in this cycle is very fast, there are many innovations, and a lot of infrastructure has been built. A large-scale ecological narrative may suddenly appear at some point.
So there is still room for imagination in the future market
At present, Ethereum has great potential to become a platform for RWA (world asset tokenization) in the future; in addition to Ethereum, the two public chains SOL and TON are also very eye-catching. They are not only hyping meme coins and small game coins. TON is based on telegram, and SOL is based on Twitter X. They are all user traffic gathering places in units of 100 million. Through the front end of web2, massive users are linked to the public chain system. Who knows how big a spark can be created in the future? The imagination space is indeed much larger than the defi ecology in 2021. After all, it can "fool-proof" to allow hundreds of millions of new users to enter the world of blockchain ecology
#非农就业数据即将公布 #MiCA #VanEck提交首个SolanaETF #Meme板块普涨 #美联储何时降息？
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$BTC Why did I call BTC a "false rebound" on June 30? Although it is a downward trend, I must give you a false rebound!
Same why yesterday I said the contract is 61850 to take the big pie! The difference is 44 points! ! Only by understanding the trend of BTC can you easily make profits from copycats! !
$1000SATS is suppressed, is 0.000165 okay?
Regarding the trend of BTC, from the perspective of bookmakers, it is necessary to fully fluctuate between the two ranges of 58000-60100-64000. It is a better choice to give rebound expectations on the daily line! There is no doubt about the downward trend in the cycle! Even if the mid-term rebound height is around 67500, we cannot decide to start a surge! It's all nonsense! !
Different copycats are fiercely differentiated, WIF fluctuations are expanding, SATS0.000165 is an appropriate 1/3 position, ORDI continues to wait, RATS has not yet formed a continued upward trend after a round of highs! The SOL indicator quantity can be analyzed and can be issued in batches! The callback can be received! ! PEPE has emerged from three waves and faces pressure from the big pie! Put WLD unlocking aside, unlocking can also increase! But what does a market maker do? The first round of making money has been achieved, and GPT5 will be included in the new market-making plan! It’s too early to take off now! ! Starting from 10 dollars, don’t rush, don’t rush!
$PEOPLE
Most of the leeks that have never experienced a decline, whether they have experienced it or not, are kneeling on the hillside in the shape of the right shoulder! !
Ask me if you want to reduce your position when it's falling, and ask me if you want to buy when it's rising! You really don’t care about research! Every time there was a big rise, I said short! Every time there was a big drop, I said it would go up! !
The price is rising strongly and the market is unclear. Don’t enter.
The decline is strong and the pie is stable, so we have to do it
If it doesn’t rise, it will fall.
If it cannot fall, it will rise.
Take a closer look at my bullish and bearish attitudes below for yourself! ! I will recharge you with energy when the market drops! ! When it goes up, if you make a profit, I call you to come out and protect your profits! !
Never talk nonsense
#币安合约锦标赛 #VanEck提交首个SolanaETF #内容挖矿
Same why yesterday I said the contract is 61850 to take the big pie! The difference is 44 points! ! Only by understanding the trend of BTC can you easily make profits from copycats! !
$1000SATS is suppressed, is 0.000165 okay?
Regarding the trend of BTC, from the perspective of bookmakers, it is necessary to fully fluctuate between the two ranges of 58000-60100-64000. It is a better choice to give rebound expectations on the daily line! There is no doubt about the downward trend in the cycle! Even if the mid-term rebound height is around 67500, we cannot decide to start a surge! It's all nonsense! !
Different copycats are fiercely differentiated, WIF fluctuations are expanding, SATS0.000165 is an appropriate 1/3 position, ORDI continues to wait, RATS has not yet formed a continued upward trend after a round of highs! The SOL indicator quantity can be analyzed and can be issued in batches! The callback can be received! ! PEPE has emerged from three waves and faces pressure from the big pie! Put WLD unlocking aside, unlocking can also increase! But what does a market maker do? The first round of making money has been achieved, and GPT5 will be included in the new market-making plan! It’s too early to take off now! ! Starting from 10 dollars, don’t rush, don’t rush!
$PEOPLE
Most of the leeks that have never experienced a decline, whether they have experienced it or not, are kneeling on the hillside in the shape of the right shoulder! !
Ask me if you want to reduce your position when it's falling, and ask me if you want to buy when it's rising! You really don’t care about research! Every time there was a big rise, I said short! Every time there was a big drop, I said it would go up! !
The price is rising strongly and the market is unclear. Don’t enter.
The decline is strong and the pie is stable, so we have to do it
If it doesn’t rise, it will fall.
If it cannot fall, it will rise.
Take a closer look at my bullish and bearish attitudes below for yourself! ! I will recharge you with energy when the market drops! ! When it goes up, if you make a profit, I call you to come out and protect your profits! !
Never talk nonsense
#币安合约锦标赛 #VanEck提交首个SolanaETF #内容挖矿
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No problem, right?⁉️
I said that ETH and BTC released a huge amount of buy orders📈The market is rising, but let everyone place an order to rebound and short⚠️All the fluctuations of rising and falling have been analyzed for you😂I will say that I will always make money later, just look at the news in the group
Is it that the pin for this wave of rising is 3477 for OKX and 3476.5 for Binance? The order point I gave is 3476 for the first position, and the highest point for the first position is to enter the market. The current floating profit is 30 points, right?😂If it were someone else, this kind of floating profit of 30 points would have been posted long ago🤑🤑
I won’t post it. I really don’t like to take orders of dozens of points. I send it to you purely to show you my ability to accurately predict the pin‼ ️It may rise above 3476 later. Don’t spray it. This is the first position. I have also said that it may rise and break. Let me show our ability to accurately analyze the pin‼ ️#VanEck提交首个SolanaETF #币安合约锦标赛 #首席操盘手日记
I said that ETH and BTC released a huge amount of buy orders📈The market is rising, but let everyone place an order to rebound and short⚠️All the fluctuations of rising and falling have been analyzed for you😂I will say that I will always make money later, just look at the news in the group
Is it that the pin for this wave of rising is 3477 for OKX and 3476.5 for Binance? The order point I gave is 3476 for the first position, and the highest point for the first position is to enter the market. The current floating profit is 30 points, right?😂If it were someone else, this kind of floating profit of 30 points would have been posted long ago🤑🤑
I won’t post it. I really don’t like to take orders of dozens of points. I send it to you purely to show you my ability to accurately predict the pin‼ ️It may rise above 3476 later. Don’t spray it. This is the first position. I have also said that it may rise and break. Let me show our ability to accurately analyze the pin‼ ️#VanEck提交首个SolanaETF #币安合约锦标赛 #首席操盘手日记
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Today we use data to talk about why there has not been a general rise in the altcoin season this round?
Use total3 as the altcoin market value, and use the total market value of several major stablecoins as the overall market value of stablecoins.
First, the conclusion: First, before the Fed cut interest rates, the market value of stablecoins did not grow fast enough, and second, the overall market value of altcoins is much larger than the previous round.
From November 2019 to November 2020, the total market value of stablecoins increased from 4.7 billion to 21.3 billion, with a change multiple of 4.53, while total3 increased from 51 billion to 98.6 billion, with a change multiple of only 1.93. Therefore, total3/stablecoin dropped from 10.8 to 4.54, which means that the increase in market value during this period corresponds to a reduction in liquidity leverage. This also laid the foundation for the crazy altcoin season from November 2020 to May 2021. Not only did it not overdraw inflows, but it accumulated rising power.
From November 20 to May 21, the total market value of stablecoins increased from 21.3 billion to 84.7 billion, with a change multiple of 3.97, while total3 increased from 98.6 billion to 886 billion, with a change multiple of 8.98. Therefore, total3/stablecoin increased from 4.54 to 10.45. This period of altcoins with a general increase of 8-10 times took advantage of liquidity leverage and maximized the growing market value of stablecoins.
In this round, from October 23, the market value of stablecoins reversed the downward trend and turned to growth. Until March 24, the total market value of stablecoins increased from 116.3 billion to 139.4 billion, with a change multiple of 1.19, while total3 increased from 318.8 billion to 757.6 billion, with a change multiple of 2.37. Therefore, total3/stablecoin increased from 2.74 to 5.44, which means that BTC has not yet reached a historical high, and the market value growth of altcoins has begun to use liquidity leverage.
This is also the reason why the decline of BTC in this round is only 17% while the decline of altcoins is 50%. In the figure, total3 only fell by 28% in this range, which also means that the decline of altcoins is uneven. And the continuous issuance and unlocking of new coins distorts the indicators, and the decline in market value is less than the decline in the average price of altcoins.
#美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划 #VanEck提交首个SolanaETF #IntroToCopytrading #以太坊ETF批准预期
$BTC $ETH $SOL
Use total3 as the altcoin market value, and use the total market value of several major stablecoins as the overall market value of stablecoins.
First, the conclusion: First, before the Fed cut interest rates, the market value of stablecoins did not grow fast enough, and second, the overall market value of altcoins is much larger than the previous round.
From November 2019 to November 2020, the total market value of stablecoins increased from 4.7 billion to 21.3 billion, with a change multiple of 4.53, while total3 increased from 51 billion to 98.6 billion, with a change multiple of only 1.93. Therefore, total3/stablecoin dropped from 10.8 to 4.54, which means that the increase in market value during this period corresponds to a reduction in liquidity leverage. This also laid the foundation for the crazy altcoin season from November 2020 to May 2021. Not only did it not overdraw inflows, but it accumulated rising power.
From November 20 to May 21, the total market value of stablecoins increased from 21.3 billion to 84.7 billion, with a change multiple of 3.97, while total3 increased from 98.6 billion to 886 billion, with a change multiple of 8.98. Therefore, total3/stablecoin increased from 4.54 to 10.45. This period of altcoins with a general increase of 8-10 times took advantage of liquidity leverage and maximized the growing market value of stablecoins.
In this round, from October 23, the market value of stablecoins reversed the downward trend and turned to growth. Until March 24, the total market value of stablecoins increased from 116.3 billion to 139.4 billion, with a change multiple of 1.19, while total3 increased from 318.8 billion to 757.6 billion, with a change multiple of 2.37. Therefore, total3/stablecoin increased from 2.74 to 5.44, which means that BTC has not yet reached a historical high, and the market value growth of altcoins has begun to use liquidity leverage.
This is also the reason why the decline of BTC in this round is only 17% while the decline of altcoins is 50%. In the figure, total3 only fell by 28% in this range, which also means that the decline of altcoins is uneven. And the continuous issuance and unlocking of new coins distorts the indicators, and the decline in market value is less than the decline in the average price of altcoins.
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