BTC余生丶
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Frequent Trader
4.5 Years
#Bitcoin 大饼坚定持有者！
只做现货、不玩合约、等牛来、猪都会上天！
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This afternoon, I saw the news that Binance Alpha is going to launch Haedal, so I specifically studied this project and found it quite good. Firstly, it belongs to the SUI chain ecosystem, and the overall trend of the SUI chain ecosystem has been very strong recently. The last time there was such a noticeable rally was when WAL conducted its TGE, and I feel that this rally is related to ecosystem activities. As a retail investor, if you hold SUI or tokens from the on-chain ecosystem, it might be time to consider reducing your positions, after all, if you've made a decent profit, it's time to take some off the table; being too greedy can lead to problems. #SUI🔥 $SUI
Now, let's talk about the upcoming launch of Haedal. It is a liquid staking protocol on the SUI chain. Users can stake SUI to earn haSUI tokens, which not only represent the staked SUI but also accumulate rewards over time, effectively allowing assets to continuously appreciate. The project uses an automated validator selection process to allocate staked SUI to well-performing validators, so users can earn higher returns without having to manage it themselves, which is very friendly for ordinary investors.
From a technical perspective, the liquid staking mechanism and automation process are the biggest highlights. In the past, staking assets meant that funds were locked up, but with Haedal, you can earn staking rewards while maintaining the liquidity of your funds, and you can also participate in other DeFi projects, greatly improving the efficiency of fund utilization. Moreover, the team has plans for new products in the future, indicating that the project has intentions for sustainable development.
The launch of this project by Binance Alpha itself serves as a kind of endorsement. If you have Haedal tokens from an airdrop, don’t rush to sell them; if the price drops after the launch, it could be a good opportunity to accumulate more, but be sure to pay attention to position control, as the altcoin market is highly volatile and risks are always present.
Overall, the SUI chain ecosystem is currently very popular, and the launch of Haedal may bring about new changes. Take profits when it's time to take profits, and enter the market again when appropriate opportunities arise; it's most important to remain rational.
Now, let's talk about the upcoming launch of Haedal. It is a liquid staking protocol on the SUI chain. Users can stake SUI to earn haSUI tokens, which not only represent the staked SUI but also accumulate rewards over time, effectively allowing assets to continuously appreciate. The project uses an automated validator selection process to allocate staked SUI to well-performing validators, so users can earn higher returns without having to manage it themselves, which is very friendly for ordinary investors.
From a technical perspective, the liquid staking mechanism and automation process are the biggest highlights. In the past, staking assets meant that funds were locked up, but with Haedal, you can earn staking rewards while maintaining the liquidity of your funds, and you can also participate in other DeFi projects, greatly improving the efficiency of fund utilization. Moreover, the team has plans for new products in the future, indicating that the project has intentions for sustainable development.
The launch of this project by Binance Alpha itself serves as a kind of endorsement. If you have Haedal tokens from an airdrop, don’t rush to sell them; if the price drops after the launch, it could be a good opportunity to accumulate more, but be sure to pay attention to position control, as the altcoin market is highly volatile and risks are always present.
Overall, the SUI chain ecosystem is currently very popular, and the launch of Haedal may bring about new changes. Take profits when it's time to take profits, and enter the market again when appropriate opportunities arise; it's most important to remain rational.
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This round of market made use of panic selling to seize an opportunity, and I've almost cleared my positions, leaving just 0.1 BTC that can be redeemed next month. However, I've already hedged, so once it's redeemed, I'll sell it. Speaking of which, the SUI chain ecosystem has indeed been strong lately; the Sui, cetus, and Navx mentioned in previous tweets have all nearly doubled. I wonder if my friends who've been following me have also profited.
Let me share some personal views with my friends: try not to play with altcoins or take small positions; all-in is still for Bitcoin. No matter what price you bought BTC at, you won't be trapped; with other coins, you might be stuck for a lifetime. Don't think about breaking even in four years; look at how many coins from the last cycle haven't returned to their original prices or were even delisted from Binance. Moreover, the logic of each market cycle is different, and this time it's clearly not the altcoins' stage. If you have profits, take them and secure your gains.
Now let's talk about Bitcoin. Last time Bitcoin was above 100,000, I kept saying to sell, and now it's back to over 90,000. Personally, I feel it's the whales pushing the price up to sell off, and next up is the hype around interest rate cuts. In the last few rounds, rate cuts were a retail frenzy, and the whales were selling heavily. So I still suggest everyone sell their Bitcoin to those who are destined to have it, and patiently wait until next year to buy back in at a lower price when the market is bloody.
Trading cryptocurrencies is investing, not gambling; it's also a form of cultivation. I hope everyone can endure the solitude and find opportunities to buy back in at a lower price.
Let me share some personal views with my friends: try not to play with altcoins or take small positions; all-in is still for Bitcoin. No matter what price you bought BTC at, you won't be trapped; with other coins, you might be stuck for a lifetime. Don't think about breaking even in four years; look at how many coins from the last cycle haven't returned to their original prices or were even delisted from Binance. Moreover, the logic of each market cycle is different, and this time it's clearly not the altcoins' stage. If you have profits, take them and secure your gains.
Now let's talk about Bitcoin. Last time Bitcoin was above 100,000, I kept saying to sell, and now it's back to over 90,000. Personally, I feel it's the whales pushing the price up to sell off, and next up is the hype around interest rate cuts. In the last few rounds, rate cuts were a retail frenzy, and the whales were selling heavily. So I still suggest everyone sell their Bitcoin to those who are destined to have it, and patiently wait until next year to buy back in at a lower price when the market is bloody.
Trading cryptocurrencies is investing, not gambling; it's also a form of cultivation. I hope everyone can endure the solitude and find opportunities to buy back in at a lower price.
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A Detailed Understanding of STO
The market has improved in the last few days, and the coins in hand have also risen significantly, among which the performance of $STO is particularly outstanding. In a generally sluggish market, its price doubled against the trend, rising from a low of 0.052 USD to a high of about 0.12 USD, which is incredibly satisfying. It is worth noting that crypto giant @animocabrands recently announced its investment in StakeStone, which expands the project's application scenarios and narrative space. Next, let's take a deeper look at
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StakeStone is a full-chain liquidity infrastructure protocol dedicated to solving the problem of liquidity fragmentation in the blockchain world. In the current multi-chain parallel Web3 ecosystem, different blockchains are like islands, making it difficult for assets and liquidity to circulate freely. StakeStone builds a decentralized full-chain liquidity infrastructure, similar to building a 'super highway' for the Web3 world, allowing assets like ETH and BTC to flow freely across more than 20 chains and over 100 protocols, while helping users optimize asset returns. @Stake_Stone
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StakeStone is a full-chain liquidity infrastructure protocol dedicated to solving the problem of liquidity fragmentation in the blockchain world. In the current multi-chain parallel Web3 ecosystem, different blockchains are like islands, making it difficult for assets and liquidity to circulate freely. StakeStone builds a decentralized full-chain liquidity infrastructure, similar to building a 'super highway' for the Web3 world, allowing assets like ETH and BTC to flow freely across more than 20 chains and over 100 protocols, while helping users optimize asset returns. @Stake_Stone
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Good news, the $EPT of Balance is about to be airdropped. Users who purchased nodes can claim their tokens tonight at 8 PM.
Bad news, this time it's highly likely that it has been countered. A node was purchased for 599 USDT, and after three months, 7250 vept were given. The airdrop should be based on a 1:1 ratio, and it's still uncertain whether a lock-up is required. What’s enviable is that between April 11, 2025, and April 17, 2025, at 23:59, users who purchased through Binance Alpha using spot or fund accounts will receive a direct airdrop of 3500 EPT.
Recently, the community has been complaining about the project team, and even the administrators are too afraid to come out. The project team's actions have really disappointed the node purchasers, seeming to favor subsidizing Binance users rather than protecting the interests of early supporters. As it stands, Binance hasn’t even listed it on its spot market, so it seems we need to pay more attention to Binance's activities in the future to at least avoid losing money.
The total supply of EPT tokens is 10 billion, of which 15% will be used for airdrops and community rewards, 25% for node rewards, 23% for ecosystem growth, 7% for marketing, 17% for strategic investors, and 13% for the team and advisors. Let’s make a bold prediction; please don’t blame me if I’m wrong. If we estimate the value of this airdrop at 100 USDT, then the price of EPT would be 100/3500=0.0285 USDT, making the market cap approximately 285 million, which is still relatively in line with expectations under the current market conditions. If it opens above this price, sell it directly without hesitation.
Bad news, this time it's highly likely that it has been countered. A node was purchased for 599 USDT, and after three months, 7250 vept were given. The airdrop should be based on a 1:1 ratio, and it's still uncertain whether a lock-up is required. What’s enviable is that between April 11, 2025, and April 17, 2025, at 23:59, users who purchased through Binance Alpha using spot or fund accounts will receive a direct airdrop of 3500 EPT.
Recently, the community has been complaining about the project team, and even the administrators are too afraid to come out. The project team's actions have really disappointed the node purchasers, seeming to favor subsidizing Binance users rather than protecting the interests of early supporters. As it stands, Binance hasn’t even listed it on its spot market, so it seems we need to pay more attention to Binance's activities in the future to at least avoid losing money.
The total supply of EPT tokens is 10 billion, of which 15% will be used for airdrops and community rewards, 25% for node rewards, 23% for ecosystem growth, 7% for marketing, 17% for strategic investors, and 13% for the team and advisors. Let’s make a bold prediction; please don’t blame me if I’m wrong. If we estimate the value of this airdrop at 100 USDT, then the price of EPT would be 100/3500=0.0285 USDT, making the market cap approximately 285 million, which is still relatively in line with expectations under the current market conditions. If it opens above this price, sell it directly without hesitation.
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Recently, various investment assets have plummeted, once again proving that gold is the most stable asset! But how to buy it is quite critical.
Bank prices are high, physical gold is troublesome, and ETFs lack appeal...
66GOLD provides a channel for on-chain investment in gold and is the first on-chain gold RWA project.
Trading gold on-chain, with just a few taps you can become an investor.
- Backed by physical gold, sourced from the Mponeng gold mine in South Africa, the deepest mine in the world (truly an underground kingdom), not the fake RWA from PPT financing.
- Buy gold and receive tokens! Purchase 1 gram and get one 66GOLD.
- Launched on Solana, fast + cheap + no downtime, seamless on-chain operations, gas fees are not an issue.
- The mine owners have also stated: in the future, profits will be used to buy back 66GOLD tokens, leading to long-term deflation, making it more valuable over time.
Gold is currently hot, and RWA is also trending, 66GOLD is perfectly positioned at the intersection of two major trends, offering dual investment in gold and tokens!
This wave of gold + RWA + Solana is a new phenomenon combination.
Bank prices are high, physical gold is troublesome, and ETFs lack appeal...
66GOLD provides a channel for on-chain investment in gold and is the first on-chain gold RWA project.
Trading gold on-chain, with just a few taps you can become an investor.
- Backed by physical gold, sourced from the Mponeng gold mine in South Africa, the deepest mine in the world (truly an underground kingdom), not the fake RWA from PPT financing.
- Buy gold and receive tokens! Purchase 1 gram and get one 66GOLD.
- Launched on Solana, fast + cheap + no downtime, seamless on-chain operations, gas fees are not an issue.
- The mine owners have also stated: in the future, profits will be used to buy back 66GOLD tokens, leading to long-term deflation, making it more valuable over time.
Gold is currently hot, and RWA is also trending, 66GOLD is perfectly positioned at the intersection of two major trends, offering dual investment in gold and tokens!
This wave of gold + RWA + Solana is a new phenomenon combination.
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It's hard to express this, why is Ethereum performing so poorly this time around?
It's hard to express this, the recent trend of Ethereum is concerning, the ETH/BTC exchange rate has hit a five-year low, and the new narrative has yet to arrive, deeply mired in the quagmire of technical upgrades and value dilution, making it difficult to move forward. Today, let's take a good look at why Ethereum is performing so poorly this time around.
Ethereum has long played the role of an innovation pioneer in the development history of blockchain technology. Looking back, the crazy wave of ICOs in 2017 and the explosive growth of DeFi in 2020 injected continuous vitality into the Ethereum ecosystem, igniting the market completely, with countless people diving in. However, during this bull market, Ethereum has fallen into a bottleneck of innovation, with no standout applications to showcase. It's important to note that in the crypto world, a new narrative is like a powerful magnet, attracting new funds and users in droves. Ethereum lacks this crucial element, leading to a significant decline in ETH's market performance.
Ethereum has long played the role of an innovation pioneer in the development history of blockchain technology. Looking back, the crazy wave of ICOs in 2017 and the explosive growth of DeFi in 2020 injected continuous vitality into the Ethereum ecosystem, igniting the market completely, with countless people diving in. However, during this bull market, Ethereum has fallen into a bottleneck of innovation, with no standout applications to showcase. It's important to note that in the crypto world, a new narrative is like a powerful magnet, attracting new funds and users in droves. Ethereum lacks this crucial element, leading to a significant decline in ETH's market performance.
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The bottom-fishing indicator from last year has been consistently effective. Today, I did some bottom-fishing and made a 20-point profit before running away. I'm waiting to see if we can have a big wave tonight. Don't touch #ETH . Look for some cryptocurrencies that have performed relatively strong during this round, such as $BNB , $SOL , and $SUI . Bottom-fishing during panic is still relatively stable for earning 20 points, but be careful not to be greedy; we are still in a bear market, with continuous declines. We need to be like a playboy, tasting the sweetness and then running away.
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The bull market holds on
唐华斑竹
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Bearish
Once again, I guessed correctly. It was indeed a scheme to raise and dump the market. Trump announced the tax rate, which is indeed very high, even slightly higher than expected, causing the market to still not fully digest the bad news. It fell again, and while Bitcoin hasn't broken 82000 yet, the altcoin market is already in disarray. Sigh, this difficult bull market. Let's send a red envelope to everyone to boost morale. Leave a comment in the comment section saying 'Hold on, bull market!' to receive a lucky draw token red envelope! I wish everyone could get through the toughest times and welcome the great bull market together! $BNB #红包大派送 #红包
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The auction has been slashed in half today, and I do not recommend everyone to take risks. I have suffered significant losses on this coin before. At the end of the bull market and the beginning of the bear market in 2021, Auc was operated in the same way, with extreme fluctuations every day. Those who tried to buy the dip for a rebound ended up missing the rebound and suffered a loss instead. Ultimately, I had to stop-loss and exit. I can predict that this coin will rise again in the next few days, repeatedly harvesting profits. When buying the dip, it is essential to strictly manage take-profit and stop-loss. I don't dare to touch it again; I wish everyone good luck. $AUCTION
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Has the cryptocurrency market started to bear? When can we buy the dip?
A few days ago, after analyzing $Cetus at 0.1, it surged 20 points and then pulled back. The current price is still a good opportunity for accumulation. At this point of transition between bull and bear markets, it is essential to implement take-profit and stop-loss strategies to avoid profit withdrawal.
Everyone knows that the cryptocurrency market has a four-year bull-bear cycle. Looking back, from 2017 to 2021 and then to 2025, the price of Bitcoin peaked every four years. It seems that the peak of this cycle is 109,588 for Bitcoin. Many people misunderstand that since the cryptocurrency market has entered a bear phase, why not short it now? This involves the concept of oscillating distributions, where market makers repeatedly manipulate the price of Bitcoin, even creating bullish news to entice people to buy the dip, until retail investors run out of funds and cannot compete with the market makers for cheap shares. Therefore, it is crucial to ensure that you have sufficient capital to buy the dip at the bottom of the bear market.
One important point to note is that Ethereum is set to upgrade next month, which will definitely lead to a price surge. This will be the last opportunity to exit, so everyone must strictly implement take-profit and stop-loss strategies and avoid getting caught up in FOMO.
A few days ago, after analyzing $Cetus at 0.1, it surged 20 points and then pulled back. The current price is still a good opportunity for accumulation. At this point of transition between bull and bear markets, it is essential to implement take-profit and stop-loss strategies to avoid profit withdrawal.
Everyone knows that the cryptocurrency market has a four-year bull-bear cycle. Looking back, from 2017 to 2021 and then to 2025, the price of Bitcoin peaked every four years. It seems that the peak of this cycle is 109,588 for Bitcoin. Many people misunderstand that since the cryptocurrency market has entered a bear phase, why not short it now? This involves the concept of oscillating distributions, where market makers repeatedly manipulate the price of Bitcoin, even creating bullish news to entice people to buy the dip, until retail investors run out of funds and cannot compete with the market makers for cheap shares. Therefore, it is crucial to ensure that you have sufficient capital to buy the dip at the bottom of the bear market.
One important point to note is that Ethereum is set to upgrade next month, which will definitely lead to a price surge. This will be the last opportunity to exit, so everyone must strictly implement take-profit and stop-loss strategies and avoid getting caught up in FOMO.
👍👍👍
小树苗 Berachain
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Are all interesting Web3 projects coming to Berachain!
All the gossip comes to Berachain, we have a garden of gossip here, sharing gossip can also earn money.
deek_network has proposed a brand new SecretFi concept. Love gossip? Let’s gossip to the end, secrets can also become a tool for making money.
The way it works is easy to understand:
① Publish tasks and set reward amounts, the bigger the secret, the higher the price
For example: Who is Vitalik's girlfriend? Reward of 100U
② Provide answers and receive rewards
③ Other users can also pay part of the reward to watch
This process gives economic value to secrets, users profit from it, and those who want to know the answers gain information.
The platform also supports free sharing and interaction, as well as features like badge systems and reward systems.
#berachian $BERA
All the gossip comes to Berachain, we have a garden of gossip here, sharing gossip can also earn money.
deek_network has proposed a brand new SecretFi concept. Love gossip? Let’s gossip to the end, secrets can also become a tool for making money.
The way it works is easy to understand:
① Publish tasks and set reward amounts, the bigger the secret, the higher the price
For example: Who is Vitalik's girlfriend? Reward of 100U
② Provide answers and receive rewards
③ Other users can also pay part of the reward to watch
This process gives economic value to secrets, users profit from it, and those who want to know the answers gain information.
The platform also supports free sharing and interaction, as well as features like badge systems and reward systems.
#berachian $BERA
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Should we simply hold spot assets?
Should we simply hold spot assets? Today, let's discuss an age-old yet always controversial topic. Recently, there has been increasing divergence in opinions on this viewpoint in the market. Today, based on my own experience and the current market situation, I will share my thoughts.
Firstly, simply holding spot assets can indeed bring considerable returns during a bull market, but the cryptocurrency market is unpredictable, and bull markets do not last forever. Simply holding could make you miss better investment opportunities, or even suffer huge losses during a bear market. Holding long does not mean simply holding; if you can buy but not sell, you ultimately won't make money. Investing is not a gamble; it requires strategy and flexibility.
Firstly, simply holding spot assets can indeed bring considerable returns during a bull market, but the cryptocurrency market is unpredictable, and bull markets do not last forever. Simply holding could make you miss better investment opportunities, or even suffer huge losses during a bear market. Holding long does not mean simply holding; if you can buy but not sell, you ultimately won't make money. Investing is not a gamble; it requires strategy and flexibility.
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You can get a little bit of $SUI , it will definitely be pulled up later, it's been very strong recently
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"312" Fifth Anniversary, Respect the Market, Forever and Ever
Respect the Market, always remind yourself to have risk control.
Principal is capital, it is the fundamental that allows survival in the market.
Respect the Market, always remind yourself to have risk control.
Principal is capital, it is the fundamental that allows survival in the market.
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Revisiting today five years ago, the 'Black Swan of 312' in the cryptocurrency world
Revisiting today five years ago, the 'Black Swan of 312' in the cryptocurrency world seems to be still vivid. March 12, 2020, has become an eternal pain in the hearts of most people and a memorial day remembered by those in the crypto space.
1. Market Background:
In March 2020, the COVID-19 pandemic spread rapidly around the world, plunging the global economy into panic. Traditional financial markets such as US stocks, crude oil, and A-shares all crashed, and market liquidity dried up. Against this backdrop, Bitcoin also could not escape unscathed, and market panic quickly spread to the crypto world.
2. Bitcoin Plunge:
Around 6 PM on March 12, 2020, the price of Bitcoin began to plummet from around $7900, dropping from $7300 to $5555 in just half an hour, a decline of nearly 24%. Subsequently, Bitcoin continued to fall, breaking through several key support levels including $6000 and $5000. Around 4 AM on March 13, Bitcoin again experienced a significant drop, sliding from $6000 to $4350, and earlier it had briefly fallen to a low of $3800. Over the entire 24 hours, Bitcoin's decline exceeded 48%, marking the largest single-day drop in recent years.
1. Market Background:
In March 2020, the COVID-19 pandemic spread rapidly around the world, plunging the global economy into panic. Traditional financial markets such as US stocks, crude oil, and A-shares all crashed, and market liquidity dried up. Against this backdrop, Bitcoin also could not escape unscathed, and market panic quickly spread to the crypto world.
2. Bitcoin Plunge:
Around 6 PM on March 12, 2020, the price of Bitcoin began to plummet from around $7900, dropping from $7300 to $5555 in just half an hour, a decline of nearly 24%. Subsequently, Bitcoin continued to fall, breaking through several key support levels including $6000 and $5000. Around 4 AM on March 13, Bitcoin again experienced a significant drop, sliding from $6000 to $4350, and earlier it had briefly fallen to a low of $3800. Over the entire 24 hours, Bitcoin's decline exceeded 48%, marking the largest single-day drop in recent years.
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Is it really easy to make money in the cryptocurrency world? To conclude, it's difficult. The cryptocurrency space has a typical 80/20 rule, where about 20% of people make money and 80% lose money. Those who make money are more likely to be publicized, while those who lose money often remain silent, leading outsiders to mistakenly believe that many people are making money. #BTC
Everyone enters the cryptocurrency world to make money—institutions, project parties, investors, exchanges, KOLs, retail investors, and even the President of the United States wants to make money in cryptocurrencies. This is very realistic; if some people are making money, there are certainly others losing money. As a retail investor who has always lost money, I should seriously reflect on how to survive in this space.
For me personally, my initial purpose for entering the space was simple: I would be satisfied if I could outperform the five-year fixed deposit interest rate at a bank. However, I lost sight of that goal and, during the craziness of 2021, I went all in on altcoins, made profits but didn’t take profits, and ended up losing comprehensively, eventually cutting losses and liquidating my position when I had lost half of my principal. At that time, I still had a confidence I couldn't explain, thinking it would be easy to break even. Indeed, later on, at the end of 2022, I bought the dip when Bitcoin was at 16,000, but due to the influence of the previous cycle, I didn’t dare to take risks in this round. I sold when Bitcoin doubled back to break even and continued to chase the dream of getting rich from altcoins. By November 2024, I realized this cycle was no longer the same as the previous altcoin market, and I decisively liquidated all my positions, informing everyone in the group. Looking back, it wasn’t too bad; during a bear market, just buy Bitcoin and never play with altcoins again.
At that time, I always felt that my luck wasn’t good enough, seeing others’ coins multiplying tenfold or a hundredfold, while my coins just wouldn’t move. Now, looking back, I realize how ridiculous I was. Everyone is here to make money, not to do charity. As retail investors, we should be aware of our position and just follow along with the big players. So my friends, have you come to this realization?
Everyone enters the cryptocurrency world to make money—institutions, project parties, investors, exchanges, KOLs, retail investors, and even the President of the United States wants to make money in cryptocurrencies. This is very realistic; if some people are making money, there are certainly others losing money. As a retail investor who has always lost money, I should seriously reflect on how to survive in this space.
For me personally, my initial purpose for entering the space was simple: I would be satisfied if I could outperform the five-year fixed deposit interest rate at a bank. However, I lost sight of that goal and, during the craziness of 2021, I went all in on altcoins, made profits but didn’t take profits, and ended up losing comprehensively, eventually cutting losses and liquidating my position when I had lost half of my principal. At that time, I still had a confidence I couldn't explain, thinking it would be easy to break even. Indeed, later on, at the end of 2022, I bought the dip when Bitcoin was at 16,000, but due to the influence of the previous cycle, I didn’t dare to take risks in this round. I sold when Bitcoin doubled back to break even and continued to chase the dream of getting rich from altcoins. By November 2024, I realized this cycle was no longer the same as the previous altcoin market, and I decisively liquidated all my positions, informing everyone in the group. Looking back, it wasn’t too bad; during a bear market, just buy Bitcoin and never play with altcoins again.
At that time, I always felt that my luck wasn’t good enough, seeing others’ coins multiplying tenfold or a hundredfold, while my coins just wouldn’t move. Now, looking back, I realize how ridiculous I was. Everyone is here to make money, not to do charity. As retail investors, we should be aware of our position and just follow along with the big players. So my friends, have you come to this realization?
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Hello, your position has become part of the United States' strategic reserves for cryptocurrency and is now directly under the U.S. Treasury. Thank you for your understanding and support.
唐华斑竹
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The market greets Trump's executive order to establish a strategic Bitcoin reserve with a large bearish candle?!
Trump has signed an executive order to establish a strategic Bitcoin reserve, but why did BTC still drop with a bearish candle? Why hasn’t the explosive rise started yet? Perhaps it’s because Trump is only using the existing Bitcoin held by the government to establish the strategic reserve and hasn't stated that he will buy BTC for reserves, meaning there won't be a pump. However, once it becomes a strategic reserve, theoretically the US should not sell these Bitcoins to crash the market, which should be a good thing, right? It’s a bit puzzling that it seems state governments still need approval from both houses of Congress when approving Bitcoin strategic reserves, but why doesn’t the federal government need that? Trump can directly issue an executive order to establish it? The laws in the US really make one’s head spin.
On March 7, David Sacks, the White House AI and cryptocurrency director, posted on social media, "Just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which are part of criminal or civil asset forfeiture procedures. This means it won't cost taxpayers a dime.
It is estimated that the US government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order requires a comprehensive accounting of the federal government's digital asset holdings. The US will not sell any Bitcoin deposited into the reserve. It will be retained as a means of value storage. For cryptocurrency, commonly referred to as 'digital gold', the reserve is like digital Fort Knox.
Additionally, the executive order also establishes a US digital asset reserve, which includes digital assets other than Bitcoins seized in criminal or civil proceedings. Aside from assets obtained through forfeiture procedures, the government will not acquire other assets for the reserve. The purpose of the reserve is to be responsible for managing government digital assets under the leadership of the Treasury Department."
How can it possibly drop? After waiting so long, the US strategic reserve has finally arrived, and there’s a White House crypto summit to be held early tomorrow morning. Why did it drop with a bearish candle? Could this be a deep squat before the jump? Should we buy the dip now? Who can analyze this? $BTC
#美国加密战略储备 #白宫首届加密货币峰会
Trump has signed an executive order to establish a strategic Bitcoin reserve, but why did BTC still drop with a bearish candle? Why hasn’t the explosive rise started yet? Perhaps it’s because Trump is only using the existing Bitcoin held by the government to establish the strategic reserve and hasn't stated that he will buy BTC for reserves, meaning there won't be a pump. However, once it becomes a strategic reserve, theoretically the US should not sell these Bitcoins to crash the market, which should be a good thing, right? It’s a bit puzzling that it seems state governments still need approval from both houses of Congress when approving Bitcoin strategic reserves, but why doesn’t the federal government need that? Trump can directly issue an executive order to establish it? The laws in the US really make one’s head spin.
On March 7, David Sacks, the White House AI and cryptocurrency director, posted on social media, "Just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which are part of criminal or civil asset forfeiture procedures. This means it won't cost taxpayers a dime.
It is estimated that the US government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order requires a comprehensive accounting of the federal government's digital asset holdings. The US will not sell any Bitcoin deposited into the reserve. It will be retained as a means of value storage. For cryptocurrency, commonly referred to as 'digital gold', the reserve is like digital Fort Knox.
Additionally, the executive order also establishes a US digital asset reserve, which includes digital assets other than Bitcoins seized in criminal or civil proceedings. Aside from assets obtained through forfeiture procedures, the government will not acquire other assets for the reserve. The purpose of the reserve is to be responsible for managing government digital assets under the leadership of the Treasury Department."
How can it possibly drop? After waiting so long, the US strategic reserve has finally arrived, and there’s a White House crypto summit to be held early tomorrow morning. Why did it drop with a bearish candle? Could this be a deep squat before the jump? Should we buy the dip now? Who can analyze this? $BTC
#美国加密战略储备 #白宫首届加密货币峰会
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