BTC has retreated nearly 4,000 points from its highest point of 44,700 in the past few days. Once the recent craze has passed and the decline has begun, everyone is now like a frightened bird!
Everyone is paying close attention to the Federal Reserve interest rate meeting at 3 a.m. the day before yesterday and Powell’s speech at 3:30 a.m. If there is bad news, the shaky market is bound to fall below the important psychological support point of 40,000. The CME gap of 38,500 is likely to be filled!
Sats announced that it would be listed on Binance the day before yesterday, and its market value doubled directly, exceeding 1 billion US dollars. The market value of all the coins in circulation has reached 1 billion US dollars, which is really exaggerated.
A friend of mine sold his plane for 18 million, which is a sum that an average person can't save in a lifetime. No matter how you comfort yourself, it's useless, but you still have to accept the reality.
Based on this, we can summarize two rules. To make money in the cryptocurrency circle, you must either be a project owner who can issue coins and be a banker. As a retail investor, you can either get rich overnight by hoarding coins with large funds for one cycle or by hoarding coins with small funds for two cycles. Alternatively, you can ambush coins with small funds for large flows, and either return to zero or take off. The ceiling has already determined that you cannot make tens of millions through these resources that everyone is competing for. For people with large funds, in the best case, they can make hundreds of thousands or millions, but if they are worse, they can only make thousands or tens of thousands at a time, and even worse, they will lose their principal.
Therefore, once you enter this circle, the path you choose at the beginning is very important. Your choice determines your upper limit and the speed of wealth accumulation. Most people enter this circle just to make money by buying low and selling high, or to find a master to guide them. It is your good fortune if you don’t lose money.
The most difficult thing in life is to master A7 first. Once you have mastered A7, as long as you don’t take the wrong road, it will only be a matter of time to master A8 and A9.
If sats starts to fall after listing on Binance and never recovers, that is definitely not what Richard Teng wants to see. It will damage Binance's reputation and the market will definitely criticize it. BRC20 was ruined by them and a lot of people were profited from. It is meaningless for Binance, which is already the world's number one, to continue to play these ancient ways of profiting from others.
So I think this wave they are mainly attracting new customers and new trading volume to prepare for the bull market later. First of all, they must keep old customers, so they must not let old customers lose money, so they must also let some new customers make money, so the prices of sats and ordi cannot fall. There are no holders based on "casting" in the top ten ORDI holding addresses. It is reported that the holders with the most "casting" users are only ranked 19-27, and about half of the top 20 ORDI holding addresses in May came from "casting" users. This shows that ORDI's main battlefield has indeed begun to shift.
Relatively speaking, the exchange giants have actually been preparing for the future and started to make arrangements for the ORDI market in advance. For example, OKX announced the opening of ORDI recharges as early as May this year, and then Binance announced the launch of ORDI on November 7, which was about a month before ORDI skyrocketed.
According to the disclosure, the cryptocurrency exchange Binance currently holds the largest amount of ORDI tokens, with at least 38.4% of ORDI, which is also the current largest holding address; OKX also holds at least 12.2% of ORDI, and other exchanges including Gate, Bybit, MEXC and other second-tier exchanges hold about 10% of the total. (It should be noted that due to the lack of labels on the Bitcoin network, some addresses may be uncertain)
