ETH's pullback, the market is at a stage of conclusion. I remember before it was ETC, when ETC rises, it basically means a short-term end to the upward cycle.
According to monitoring data from Coinglass, the BTC balance on exchanges decreased by 80,000 in 10 days in June, meaning 80,000 BTC flowed out of exchanges. The long-term outflow trend still exists. Currently, the total balance on exchanges is 2.09 million, accounting for 10% of the total BTC supply!
The breakout resistance level will become the future support level. The market always swings between greed and fear, while capital never sleeps. #BTC走势分析
Most of the original intentions of Bitcoin's second layer network are not correct, making it hard to go far. The promising directions are the Lightning Network and the Nostr protocol.
Who are the idiots still selling while institutions and sovereign nations are scrambling to buy billions of dollars' worth of Bitcoin? This chart reveals the secret. Since 2017, those whales holding over 10,000 Bitcoins have been selling off. ** They are truly idiots! The secret lies here: most of these Bitcoins were bought between $0-700 and have been held for 8-16 years. #Strategy增持比特币
#Strategy增持比特币 strategy buys BTC without looking at the price; whenever I have money, I buy at the market price at that time. Because for an investment that will reach a price of 1 million in the future, whether buying at 100,000 or 80,000, there is absolutely no significant difference in absolute returns.
The liquidity in the US stock market is just too good, the crypto space needs to find a way to attract it! Otherwise, how can BTC sustain above 100,000 for so long? Next, we are watching BNB, to gain liquidity from the US stock market, solid operational capability is needed.
As various versions of MicroStrategy like ETH, SOL, etc. have come, MicroStrategy holds BTC, and the total supply of BTC is limited. For POS ETH and SOL, there is no upper limit on the total supply. How can they be accumulated? If one must create other versions of MicroStrategy, BNB is a good target, as its total supply is limited, its market value is large enough, and it has certain uses.