Near the previous high of BTC, a double top is forming on the weekly chart. If it goes up, it will open the door to vast opportunities; if it goes down, there will be a cleansing (halving). Positioning determines mindset; I am holding no position as I believe liquidity will struggle to support a significant breakout. Of course, there are many X factors in policy. What will happen tomorrow? Only God knows the accurate answer. Patience is required to see what will unfold. If it goes up, it's a complete miss for little A Fu; if it goes down, it's a perfect bottoming opportunity for Fu Zong in the golden pit.
When I was doing OTC in 2018, did you little haters enter the circle? I was already the Fulu Shou OTC (my online name carries the OTC tag) when I started my account on Weibo. Have you heard of my Twitter space OTC where I answer questions about professional knowledge? You treat me, such a professional player, as an intermediary? The OTC departments of Binance and OKX have communicated about how to better optimize the OTC sector, and I have provided professional advice. A certain small exchange wanted to invite me to be their OTC consultant, but I had concerns and therefore declined. So please don't embarrass yourself in my comment section~
Today, an old client requested a withdrawal. This time it is for living expenses for his family, and he wants me to transfer it directly to his family’s card. I refused. When it comes to OTC, I adhere to principles. It doesn’t matter whether you are a new client or an old client, whether the order is big or small; if you do not meet my requirements, I cannot accept your order. All processes for my withdrawals follow the most formal procedures. I am a safe OTC trader, and the reason I have maintained zero freezes until now is that I have adhered to my principles in every single transaction. I have many old clients, and the screenshots of these transactions are all from them. I want to serve every new client who comes to me for my reputation well and to be worthy of every long-term supporter and client who trusts me. Therefore, please understand that I refuse some requests that do not comply with the regulations.
The passage of the stablecoin bill has far-reaching implications for the cryptocurrency industry
Acceleration of traditional financial institutions' entry: The bill paves the way for banks and compliant financial institutions to issue stablecoins, with traditional institutions like JPMorgan and Fidelity potentially launching their own stablecoins to capture market share.
The trend towards institutionalization may squeeze the market space of existing centralized stablecoins (such as USDT and USDC), but the more compliant USDC may benefit from reserve transparency, while USDT faces challenges due to compliance pressures.
The bill promotes USD stablecoins as mainstream tools for cross-border payments and trade settlements. For example, Standard Chartered Bank predicts that if the bill passes, the stablecoin market size could grow from $230 billion to $2 trillion by 2028, attracting significant demand for US Treasuries and becoming a new pillar of USD hegemony.
Consolidating the dollar's position: USD stablecoins account for 99% of market share, and their expansion increases demand for US Treasuries (e.g., Tether holding nearly $100 billion in US Treasuries), becoming a digital extension of USD hegemony.
Conclusion: The passage of the stablecoin bill marks a shift of the cryptocurrency industry from "wild growth" to "compliance," while loopholes in the regulatory framework (such as political interests infiltrating) and systemic risks still require vigilance; the industry needs to seek a balance between compliance and innovation.
The current total market value of cryptocurrencies is approximately $3.4 trillion, with Bitcoin's market value around $2 trillion. Assuming the price of Bitcoin is $200,000, the market value would be about $4 trillion. This would require the Federal Reserve to lower interest rates and inject liquidity to achieve. Until then, being able to consolidate is fortunate; a rise might only touch $120,000 to $130,000. However, assuming there is a pullback, it could lead to a collapse of altcoins (which has been validated once). The upside potential is currently very small, but during a downturn, altcoins will have no bottom, which is also why I have been holding cash.
When the time comes to build my position, I might heavily invest in ETH. Currently, ETH is valued at $289 billion, which I believe offers great value compared to BTC. I hope opportunities arise soon; I can't wait. I still prefer the times when I was fully invested, filled with hope for the future every day.
The lack of liquidity is insufficient to support Ethereum and altcoins moving forward, and Bitcoin's stability in a sideways market is the greatest mercy. If Bitcoin falls below $100,000 again, altcoins will be slaughtered once more. The last time Bitcoin fluctuated around $100,000, it caused most altcoins to retract by 70%-80%. How will the script unfold this time? #ETH #BTC
This new client is seeking withdrawal for the first time, and it may also be the last time they do so. After investing 500,000 yuan in the cryptocurrency market for two or three years, they really can't keep going and have chosen to cut their losses and exit. After losing over 100,000 yuan in contracts, they no longer dare to touch them, and trading in spot markets is also very difficult to profit from. To be honest, not losing and knowing to cut losses and exit is already impressive. How many people borrow money to gamble in contracts, how many people refuse to give up even when facing complete loss, and how many have lost everything? Please don't forget, this is ultimately a zero-sum game, a hell on earth, and making money is only the affair of a very few.
Recently, fans approached me for rights protection, claiming they were misled by a big influencer. They listen to this influencer's daily tips, believing what they say about price increases. You won't be completely ruined, but at least I know that some KOLs are collaborating with institutions and market makers, colluding! If you can't even discern this in investing, it's time to withdraw! Staying won't change your fate of being a victim. I can't go into conflicts with others; my influence isn't as strong as theirs, and I'm in business. Brothers, be more mindful!
Waiting for me to go in! How can I get in if I don't launder money? I've never touched anything related to foreign exchange, how can I get in? Do you think you know a lot? In fact, there are many things you don't know. Don't reach out; reaching out will surely lead to being caught, and I, with the vast waters, only take a sip! I never touch what I shouldn't touch. Please take your time waiting!
Web3 Wallet @BitgetWallet and the decentralized asset issuance platform @reserveprotocol jointly launch an exclusive reward event 🎁
The event runs from May 14 to June 14, 17:00 (UTC+8)
The total prize pool is up to 200,000 USDC, and users can share the prize pool through trading, holding DTF, or participating in a lottery; Holding DTF Token: Hold DTF-related tokens to participate in prize pool distribution; Lucky draw: Complete tasks for a chance to win surprise grand prizes!
Sometimes it's really speechless. It clearly states that the exchange randomly matches the sale of USDT, and that's the only way. Then they ask me why I take back so much USDT, are they blind? Do I sell anything and everything? If that were the case, I would have died a long time ago. Do they think safety is just something you say? Don't we need to strictly enforce the rules? A small number of people just don't understand anything, yet they love to give unsolicited advice.
OTC indicators, the exchange's U price has been continuously declining slowly in recent days. First, the tariff issue has cooled down, and the RMB has been strengthening unilaterally. Second, my U purchases have been good in the past few days, but selling U has slowed down compared to before. It feels like there aren't many retail investors coming in to chase the price increase. Have the retail investors lost all their money or do they not believe there will be a big bull market in the future?
Following behind the brother, I ambushed with 2 BNB of a certain local dog, and once again confirmed that I still have a rejection physique for gold dogs, after a night of drop I only have 0.36 BNB left #BNB
Ethereum is so powerful. Is the upcoming scenario for Bitcoin to stabilize the situation while Ethereum leads the altcoins into the altcoin season? Show off! Little Afu hasn't gotten on the bus yet...
Dog Hat King #WIF I thought it would go to zero, today it rose by 50%; #PEPE has more than doubled in the last two days; a month ago my brother told me to buy #SIREN, today I see many people mentioning it, and upon looking it's already tripled, is it in the phase of crazy clones? The tariff issue also has favorable news, the sentiment has been suppressed for too long, this time it is completely released, little A Fu sees you all making money 💰
Two things, my brothers are brainwashing me to quickly get into ETH, and I'm feeling very anxious now. My brothers are making a fortune with meme coins, while I haven't been involved... I'm feeling anxious and want to start jumping into meme coins.
A brother said to Fu Ge: When you take profit, I laugh at you for being a fool. When I am in pain from being cut, I stop loss and secretly decide to follow Fu Ge to buy the dip next time, but then Fu Ge, you missed the opportunity...