The price of bitcoin has reached around 40,000 as expected. Congratulations to everyone who has followed!

Because Grayscale has been withdrawing coins for sale, Bitcoin has fallen below the 40,000 mark. Most of the GBTC sold by Grayscale recently are assets before FTX.

Next, we will focus on the price around 39,500, which is likely to reach it. See if the weekly level closes below 39,500 this week. If so, it will completely break the upward trend and enter a longer correction period; if the weekly level closes above 39,500, there is still a chance to go to around 45,000 to fill the gap.

Personal opinions are shared for reference only and are not intended as investment advice.

In terms of inscriptions, the prices and transaction volumes of inscriptions in various markets have declined. Binance's Web3 wallet should be launched soon. The wallet will start internal testing this week. The inscriptions supported by the wallet include BRC-20 and some EVM inscriptions. Today's news is that tokens will be airdropped to users. Before the Binance web3 wallet is launched, if you still have money, you may want to pay attention to the leading inscriptions, such as $ORDI, $STAS, $SOL, $BNBS, etc. The leading inscriptions in the previously revealed codes can be paid attention to. Because the market atmosphere is sluggish now, only Binance's web3 wallet can catch up with the hype.

In terms of airdrops, the previously popular L1 project#Zatachainis about to start airdrops. 31.5 million $ZETA will be distributed to more than 800,000 ZetaLabs users and contributors. Friends who have done tasks or recruited people can now go to the official website to take a snapshot and wait for the mainnet to go online to claim the airdrops.