Revealing the secret of adding 1 million dollars, Bitcoin Swiss Knife SOPR
1) Coming back to BTC, we at Hayfeng saw some comments from fans in yesterday’s video, saying that adding one million to the position is a bit too much, so let’s give everyone a boost of faith and how we make good use of Bitcoin’s Swiss Army Knife - SOPR to add 1 million US dollars? In this video, I will introduce one of the most powerful and useful on-chain indicators in our tool belt, the SOPR indicator series. First of all, SOPR is a sister indicator of MVRV, and the two have similar characteristics. MVRV describes the average unrealized profit held by investors. MVRV can be considered as a paper gain for Bitcoin holders, which incentivizes them to sell.
BTC leveraged ape man to promote violent rebound, can it still rise?
1. The sacrifice of the Bitcoin leverage ape contributed to the violent rebound. Can BTC continue to rise without thinking in the future? ? 1) Friends who have watched our video yesterday know that after Bitcoin absorbs US$3 billion of seller pressure from Germany, Bitcoin will be able to break through the record high in the future; but will the market really rise so mindlessly as expected? The video we reviewed yesterday paints a fairly positive picture and I believe it sets up a positive future for us. That being said, until we convincingly see a clear of the $64,000-68,000 short term holder cost basis, we plan to be prepared to add to some of the remaining red candlesticks while waiting for the market leverage apes to liquidate again.
Bitcoin breaks through 64,000, when will the short-changers get on board?
1. Bitcoin is set to hit a new all-time high after absorbing $3 billion of sell-side pressure in Germany. 2. Three important arguments prove that Bitcoin is about to break through to new highs. 3. Accurate entry profit taking and trend analysis of Gale Pie, WLD daily breakthrough analysis 1. Bitcoin price is back above $64,000 after absorbing more than $3 billion of sell-side pressure from the German government. Mt Gox’s distribution selling pressure was short-lived as miners and exchanges have historically been the largest and most dominant holders of Bitcoin Bitcoin price is back above $63,000 after absorbing more than $3 billion of sell-side pressure from the German government. Mt Gox allocations still lead, but seller expectations may be overvalued by the market.
【Breaking news】
Ethereum & Copycat Season’s Exact Time to Take Off!?
[Breaking News] The exact takeoff time of Ethereum & Copycat Season!? 1) Back to the topic, I believe that 99.9% of the people in the market are eager to know when will ETH lead the bull market to start a full-scale surge in the second half? Then our Hayate will start talking about the key points. Cheer up again! ! ! First, let’s look at the total market value of crypto and share it with you from large to small! ! 1.1) The fifth wave of the monthly wave theory has not yet been completed We often hear: the application of wave theory is different for different people, so here I would like to share my personal experience of using wave theory, that is, the cycles above the daily level are particularly accurate.
The supply of BTC exchanges has experienced a short-term decline, which means that short-term traders have begun to enter the market to buy and digest. Since July 4, the supply of exchanges has digested about 15,000 pieces. In the past two days, BTC has gone through consolidation and the supply has not increased, indicating that the selling pressure is limited. It may be a short-term bottom signal. Funds have begun to enter the market in the past two days to prepare for a rebound. #btc
1. Bitcoin may continue to rebound in the short term, but BUT’s medium and long-term risks have not yet been eliminated. 1) On July 5 last week, the single-day net inflow of Bitcoin spot ETF was US$143 million, which was the highest inflow since July. This shows that 55,000-50,000 is a short-term market holding position, which may lead to a short-term rebound. ;
2) Let’s switch to the perspective of liquidation data to see if we can support and verify whether 55000-50000 is the short-term bottom? From this picture, we can see that last week’s liquidation was $10E, which is less than the amount liquidated at the high level in April of this bull market;
Currently, BTC is approaching the end of the consolidation structure. The market obviously lacks liquidity and has gone out of a wide range of fluctuations. If the fluctuation range stabilizes, 62,000-69,000 is basically the area where institutional trading chips are in large volume. If this range is maintained, it may usher in a period of pull-up. On the contrary, if it falls below 60,000, there may be a cliff-like drop, forming a lock-in and entering a rapid downward trend.#BTC#ETH #BTCUSDT
Three major factors revealed
The crypto market will take off in full force in August
#Bitcoin#ALTCOINS
1. The US SEC is in turmoil again, Consensys is sued for staking 1) The recent regulatory negatives are really not going away. Last week on June 28, less than two weeks after the end of the investigation into Ethereum 2.0, the US SEC filed a lawsuit against Consensys. The court filing said: "ConsenSys failed to register as a broker-dealer and failed to register the offer and sale of certain securities, in violation of the federal securities laws."
2) Targeting staking directly, regulators claim that Consensys sold thousands of unregistered securities through staking program providers Lido and Rocket Pool, which in turn issued liquid staking tokens called stETH and rETH in exchange for staking assets.
BTC’s prosperity amidst the ruins, mixed blessings and worries
Preface: There are three main reasons for concern: 1) Since BTC hit a record high in February and consolidated at a high level, miners’ reserves have been falling off a cliff in the past few months.
2) BTC-ETF outflows began to significantly exceed inflows
3) The wave of speculation in both BRC-20 tokens and runes is fading away.
There are three main reasons for this joy: 1) Even if Bitcoin is affected by the Fed's interest rate cut decision in the short term, the current macro cycle is still in the upward stage.
2) After the output is halved, the average production cost of BTC has risen to about 60,000 U.S. dollars, and institutional miners will not sell it easily.
Bitcoin is moving to the left and Ethereum is moving to the right! !
Bitcoin goes to the left, Ethereum goes to the right - when the lanes are divided;
1) Ethereum ETF is about to be approved, but Bitcoin can’t hold on?
Recently, the chairman of the U.S. SEC responded to an inquiry about the approval process of the Ethereum spot ETF and said: “I don’t know the specific time, but it is progressing smoothly.”
It can be seen that after the Ethereum spot ETF passed the 19b-4 document, the approval of the S-1 document is almost a foregone conclusion;
But on the other hand, as the BTC "old mystery" that has lasted for more than a decade is finally coming to an end, it has also brought about expectations of massive selling pressure.