When idealistic fantasies collide with the iron laws of reality, how much value of Ethereum is left?
Ethereum was once seen as "an evolutionary product beyond Bitcoin" and an ideal country for programmable finance. But the reality is that its market value has long been far lower than Bitcoin, with weak growth, a weak credit system, and an unstable ecosystem. Even in the bull market driven by ETFs, it has been unable to deliver on its due value performance. iShares' introduction to clients even stated that #ETH's role is to "Bet on blockchain adoption"
Can its current structural defects really be compensated by repeated ETH upgrades? 1. The consensus paradox of PoS: security comes from the center, but the center comes from a small number of wealthy groups.
Shanzhai season? Shanzhai festival? Shanzhai GG? By comparing #TOTAL3 with #WALC (Weighted Average Liquidity Change), we can find:
1. Before QT ends: In the chart, the small increase indicated by the green arrow represents a slight increase in market capitalization before the end of quantitative tightening (QT). Quantitative tightening policies lead to a decrease in market liquidity, and market capitalization typically does not experience significant increases. 2. After QT ends: When quantitative tightening ends, the market begins to anticipate the start of quantitative easing (QE), resulting in increased liquidity expectations, but changes in market capitalization may still be relatively moderate. 3. When QE begins: The larger yellow arrow in the chart may represent a significant increase in TOTAL3 market capitalization at the start of quantitative easing (QE). Quantitative easing policies generally increase the money supply, enhance market liquidity, and typically drive asset prices up significantly.
Everything hasn't even started yet; those who claim it has ended might not be bad, just completely inexperienced. Why reference someone who's a total novice? There's nothing new on Wall Street because human greed and cowardice will never change, and the same goes for the crypto world.
Bitcoin Market Cycle: Current Status and Expectations
For many years, the Bitcoin market has fluctuated between bull and bear market cycles, providing investors with various opportunities. In this process, the Bitcoin bull and bear market cycle indicators have become important tools for understanding the current state of the market and its potential direction. According to recent data, Bitcoin is currently in a bull market (orange area), where the upward trend is dominant. This indicates that prices are rising but have not yet peaked. To transition to the peak period, the short-term 30-day bull and bear market cycle indicator moving average needs to cross above the long-term 365-day bull and bear market cycle indicator moving average. This crossover could signal a stronger bullish trend and increase the likelihood of prices reaching higher levels. As long as the 30-day bull and bear market cycle indicator moving average remains above the 365-day bull and bear market cycle indicator moving average, the long-term outlook will remain optimistic. However, as prices approach the red area, the risk of a correction may increase. Therefore, it is crucial for investors to remain cautious during this period and consider taking profits when necessary. Despite the current strong bullish momentum, it is essential to consider market volatility and strategically monitor price movements. Tracking key signals such as moving average crossovers can help investors identify opportunities more effectively during this period. $BTC #BTC
Long-term holders are distributing their $BTC , which is common during bull markets, and chip redistribution is a necessary process to enter a bull market.
Chip redistribution is a necessary process to enter a bull market, and the entire market has been cyclical like this: Old whales-->New whales New whales-->Leeks Leeks-->Old whales
The recent#BTCrally has prompted long-term holders (old whales) to sell #BTC, and although this has increased selling pressure in the short to medium term, in all previous cycles, this selling has continued for several months and is not a signal of a peak.
Any blogger's KOL's opinion needs to be carefully verified, and you will find that the historical conclusion is exactly the opposite of the conclusion he has concluded. He even has no patience to check the previous cycle and directly uses this year's consolidation zone to make a fuss.
Don't! Sell! Your! Bitcoin!
QT has not stopped, QE has not come, and you can't imagine what the price of assets will be when the two major countries in the East and the West release money at the same time.
Let me say it again: Don't! Sell! Your! Bitcoin! !