I have analyzed in the Livestream but still want everyone to read this report. Currently a strong accumulation zone (93k–97.5k) in the 6-month frame. In the 1-month frame, the supply at 93k and 94k is increasing significantly. The 2-year frame also confirms the large accumulation zone currently around 93k–94k and 97.5k. The Accumulation Trend Score index is returning with strong signals and is currently at 0.9. A huge amount of BTC (~2.25 million BTC) has been bought at the price range of 93k–97.5k, indicating that this area is strong support and also the place where strong price reactions are likely to occur.
🪙 Bitcoin ended April with a positive profit of 14.08%
🟢 In the past April, we witnessed many events regarding the trade war between the US and China, as well as other countries around the world, but in the end, Trump postponed the previous tariffs for 90 days to allow countries to negotiate with each other, leading to a market recovery.
🟢 Additionally, the US economy has cooled down, causing the CPI inflation to decrease, and Trump has called on the FED chairman to lower interest rates, but Powell still believes that more data is needed to lower interest rates and has ignored the criticisms from President Trump.
🟢 Countries around the world have also lowered interest rates as the economic situation worsens. If the news in May is good enough, the FED is likely to have sufficient data to lower interest rates, helping the economy improve.
🍀 In this new month, I wish everyone good health, abundant energy, and lots of good luck 🧡
🔴 WHAT'S GOING ON: The US financial market is engulfed in a 'fire pan', falling sharply after the 2022 market crash, losing 1.4 trillion USD in just one session. Tesla plummeted 15%, billionaire Elon Musk lost 22 billion USD. Bitcoin broke below $80,000,...
🟢 The digital asset market has faced strong selling pressure in recent weeks, with $BTC down 28% and $ETH , $SOL losing over 50% from the cycle peak. The sell-off has caused actual losses to surge…
President Trump announced "The Strategic Cryptocurrency Reserve Fund includes $XRP , #SOL and #ADA. Following that, $BTC and $ETH will be added to the United States cryptocurrency reserve fund.
🙂 Former Chairman #CFTC Chris Giancarlo stated that the suppression of #SEC tokens has driven the increase of memecoins as investors are limited in their investment options in the market.
🔘 Market decline is due to Gery Gensler
🔘 Market sideways is due to Gery Gensler
🔘 Market full of #meme is also due to Gery Gensler
📊 Statistics of the quantity $BTC being held by organizations
🟢 In just 1 year since its establishment, the amount of Bitcoin BlackRock holds has surpassed Binance, rising to the top 2 position in the world. 🟢 Currently, 14 organizations shown in the image own more than 4 million $BTC ~ 384 billion USD ~ 20% of Bitcoin's circulating supply.
🟢 Bitcoin investors suffered large losses during the crash as BTC dropped to $93k. However, when we normalize these losses to BTC, the magnitude of the damage appears to be similar to other local corrections.
🟢 Altcoins remained the group that suffered the heaviest relative losses during the crash, with the global altcoin market cap experiencing one of the largest drops on record.
🅰️ Altcoins after the Reset from Onchain's perspective
🟢 Since the Reset in early February, #BTC has not been seriously affected. Whales seem to have let the market float as there is no volume appearing, which is evidenced by the Accumulation Trend Score remaining below the low level
🟢 Although #BTC is still normal after the purge, most Altcoins have encountered a strong price drop. Since the Reset, the price of Altcoins has divided at least 2-3 times, and divided 4-5 times compared to the previous peak.
🟢 If we look at the positive side, this Reset has helped Altcoin return to an extremely attractive price, opening up new investment opportunities for investors holding Stablecoins with stable Cashflow
🟢 Currently, Altcoins are divided into 2 types:
🔘 1) Top industry leaders and trending, with good products, cash flow...etc. will be actively collected by Whale, the Heatmap of Altcoin is still continuously green, showing that the collection force of #Whale has not decreased
🔘 2) #Altcoin are not trending, the product is not complete, not the top industry...etc. will be left floating by Whale, without any movement to wait for the next direction of the market, the Heatmap of Altcoin shows very little or no collection force from Whale
🟢 The Reset happened, which no one wants, but it has also helped projects become should be lighter and open up opportunities for investors to buy at the same price or even lower than the price that Whales have collected before.
Glassnode co-founders Jan Happel and Yann Allemann say a Christmas bull run for altcoins is possible if Bitcoin consolidates above $100,000, as Bitcoin's value system has shifted to The trend is down, allowing altcoins to potentially outperform $BTC . ------------ ⭐ Glassnode co-founders Jan Happel and Yann Allemann believe that a Christmas bull run for altcoins could happen if Bitcoin consolidates above $100,000, as Bitcoin's dominance has shifted to a downward trend, allowing altcoins to potentially outperform BTC.