The market changes rapidly, and trading is all about the present. Whatever mountain you reach, sing whatever song. The price of Bitcoin has rebounded again, breaking through the 80,000 mark and currently standing at 83,000. We have talked about Bitcoin having a rebound lately, and there will be a short squeeze. Is this rebound just a paper tiger? Honestly, it has already dropped to this level. To be frank, if it drops further, it is not very optimistic. From an overall perspective, the world is undergoing a huge change. The Shanghai Composite Index has also seen a rebound in the past two days, and the S&P 500 and NASDAQ have shown varying degrees of rebounds. Previously, it had once fallen below an important threshold.
Stablecoins previously reached a level of over 2,100 USD, but have now dropped back a bit. During this period, there has been a decrease of one billion USD. Such a situation had rarely occurred before; previously, there was a peak drop, but it was only a few hundred million USD. However, this time there has been a decrease of one billion USD. Many friends always expect the price to fall to around 60,000 to 50,000 USD. Each time the result may be different. Last time, during the bull market, there was indeed a significant drop, with a decline of up to 56%. This time may be a bit different from the last time, as such a deep adjustment generally brings structural changes. Previously, there was also a drop of more than 50% within 70 days. No matter how it drops, it will eventually have a rebound action, and we are watching the strength of the rebound.
During this process, a change in altcoins will occur. Many friends say that altcoins may disappear. Indeed, there are many such concerns. While Bitcoin's market value decreases, altcoins have not shown significant upward momentum, leading many to worry. The spot ETF continues to flow out, with about 12 being withdrawn. The key focus should still be on next Monday, as there may be a significant breakthrough. Over the weekend, it has basically maintained around the 80,000 level with fluctuations. The biggest pain point during the day is around 81,000 to 83,000 in the past few days. The Bitcoin wallet balance remains at that level. Recently, BlackRock has again bought Ethereum, which is a positive signal indicating that they have some confirmation of Ethereum's bottom. Even if it is not the bottom now, it is still a very low position that they decided to buy Ethereum again. I believe there may be a huge change in the next one to two months, possibly bouncing back to around 2,500. Currently, many people have lost faith in Ethereum, but there are potential opportunities for Ethereum, and everyone can participate. That's all for today.#加密市场反弹 