Mt. Gox transferred 893.4 BTC to Kraken today, according to @EmberCN. These bitcoins, valued at over 77 million USD, are likely being moved to the exchange for sale to cover compensation. Currently, there are increasing activities in Mentougou, which seems to be impacting the market.
Yesterday, Bitcoin hit 88,000 and then fell back down. In this market, we’re not afraid of a sudden surge in Bitcoin; what we fear is a slow rise. Even if it breaks through 90,000, this pattern would still be a downward continuation. If combined with the actions in Mentougou, there might be some risks involved.
But regardless of whether it's a slow rise or a sudden spike, there is still speculative trading in the altcoin market. Yesterday, I recommended $super and $slf. Super is currently up over 10%, and it is quite likely to rise further. SLF is a bit weak, having returned to support; if it drops more than 5%, it's time to run. This coin is a bit disgusting, it's a scam project, while Super belongs to a strong project.
The voting for new listings on Binance is in full swing, and one vote has already sold for over 5 USDT in the market. Will the top 3 actually get listed on Binance? Some speculate it’s a 100% chance for one $mubarak plus either a top-tier banana or $siren. CZ's profile picture is Mubarak; not listing him would be unreasonable, and he is the starting point for this round of BSC. Siren is stronger than Banana; one is a meme, while Siren is an AI application, at two different levels. Others are out of my choice range. If we talk about risk-reward ratio, Siren has the lowest market cap and the best risk-reward ratio.
