Today’s lunch:
The much-anticipated Erbian has finally moved, and finally, it has made up for the increase. In the past few days, there have been many friends who are concerned about Erbing. The answer I gave is that Er Ge’s status is definitely unshakable. The belief in ETH should not disappear, but some old ecology will suffer from the gains. It is not as good as the new ecology or the big pie ecology which is basically a foregone conclusion. Even if there is a supplementary increase, it may be short-lived. Of course, there are reasons for the supplementary increase. The first is the expectation of DENCUN (Cancun) upgrade, and the other is that Buterin released three methods to simplify the current POS mechanism yesterday, which also increased the belief of pledgers. However, the current activity on the chain is much worse than that in 2021. It can be seen from the burning data that more than 10,000 coins were burned almost every day in 2021. From 2022 to now, the average is only three or four thousand. The amount of ETHS inscriptions destroyed in those days was slightly larger. Decentralization is the first element of blockchain. If you think decentralization is too expensive, and you don’t like the second one, who else can you trust?
Speaking of expensive, the boss of Weice has never thought that big cakes are expensive. He spent another 600 million to buy 14,000 cakes and put them in his wallet. He bought them when he had money. It almost became a gray-scale Pixiu, but it was really his own. Money, Huidu is other people's money, people have to admire this guy's belief. On the other hand, Sister ARK's fund has been selling COINBASE stocks and GBTC recently. The reason is very simple: it has made money. Coinbase’s stock price has doubled since October this year, and the price of GBTC’s secondary market has also doubled nearly five times. Buying low and selling high is the nature of people. I have to admire this female stock goddess. She has been constantly buying lows and then highs. sell off.
Recently, many coins that have been lying at the bottom have started to improve. I think this is undoubtedly a fish tail market. Generally, only when the fish tail is reached, will anyone pay attention to these old and scummy coins, and the places where funds can go are already very limited. This round is going to rise to some extent anyway, but meat with lots of thorns is really hard to swallow, so just don’t chase the rise. Don't be itchy looking at him, no one knows which old guy is the real doomsday chariot.
In terms of market conditions, the pie directly exceeded 43,000 yesterday, which is an effective reversal. The current market is indeed very strong. It can be seen that basically every decline is a V-shaped reversal, not even a U-shaped one, and the same is true for a second bottom. It only happened once on Double 12, but my view on the last acceleration will not change. As long as it accelerates to a new high, it is very likely that the acceleration will peak. Let’s see when it comes.
The second hard bank coin TRB reached a new high yesterday. No one should have any doubts about the two big monster coins INJ and TRB. Now I think there is another big hard bank that may also become a monster. Brothers, please give it a thumbs up. This Weibo post has over 200 likes, and the three demons will be announced tomorrow
Today’s panic and greed index: 73 (greed)
