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Author:Shako Dive into the world of Atomicals and learn about its core components: ARC20 tokens, Dmint NFTs, Realms, and how the AVM powers the entire protocol.
1. Protocol Overview: Atomicals is more than just a token standard, it realizes the vision of enhancing functionality on Bitcoin envisioned by pioneers such as Satoshi Nakamoto, @halfin, and @VitalikButerin.
2.ARC-20: ARC20 fungible tokens are colored coins native to Bitcoin, backed 1:1 by Satoshi and PoW mining, and follow a decentralized UTXO model.
3. Partial dyeing:
Partial coloring allows Atomicals to overcome Bitcoin’s dust limitations, providing significant advantages over all other fungible token standards on top of Bitcoin:
BTC has a 4-hour bottom back, this is the first time since the bottom of 49k, I don’t know what the effect will be. Now the liquidity and sentiment of the market, are at a historical low, many people doubt their lives and quit the circle, these are all characteristics of the bottom, so there is no need to be too bearish on the future market, the market is fundamentally anti-human.
BTC's recent trend is quite annoying. Maybe it will continue to be annoying for a while. Is it the rhythm of bottoming out in August, breaking through in September, and accelerating in October? No matter what, I am optimistic about the medium- and long-term trend. I am not bearish or shorting at this stage. Just wait and see.
BTC is very strong. After breaking through 63k, it actually went sideways. In this case, this week's weekly K may really close at 68k or even higher. Until now, if someone still insists on a second test, then they are really making things difficult for themselves.
The Bitcoin ecosystem has great potential! Bitcoin NFT has grown from nothing to compete with NFTs in the ETH and SOL ecosystems, which reflects the huge development potential of the BTC ecosystem. I believe that the BTC ecosystem will continue to grow and become more prosperous in the second half of this bull market cycle! Continue to pay attention to the BTC ecosystem and bet on the BTC ecosystem.
In this wave of adjustment, if BTC cannot make a 12-hour bottom divergence structure, then it is estimated that it will be difficult to have another chance before the big rise. At present, the 1-hour level is already in a bottom divergence state, and it is possible to rebound at any time. Many people believe and wait for this 12-hour bottom divergence structure, but I don’t count on it.
Atomicals Virtual Machine Beta Version Officially Released! Today, the AVM (Atomicals Virtual Machine) Beta version is officially released. 🚀 The history of BTC chain (L1) without smart contract function will become a thing of the past. AVM will surely bring Bitcoin into the 2.0 era!
The holdings of BTC-ETF in the United States will exceed those of Satoshi Nakamoto At present, various ETFs in the United States already hold more than 900,000 BTC, which is only 200,000 away from Satoshi Nakamoto's 1.1 million. Bloomberg researchers analyzed that by October this year, the holdings of BTC-ETF in the United States will exceed those of Satoshi Nakamoto, and currently only BlackRock ranks third. If the BTC held by the US government and other US institutions are added, the total BTC holdings in the United States have already exceeded those of Satoshi Nakamoto. There is a question here: Why does the holdings of ETFs continue to increase, while the market has been fluctuating and adjusting for 5 months, and is still hovering around 60k? Is it intentional suppression of the market to absorb funds? This possibility exists. In the future market, the weight of retail investors will become lower and lower, and the weight of institutions will become higher and higher. This trend is irreversible. The only thing retail investors can do is to hold their own chips, be a spectator, and watch the performance of institutions.
Bitcoin is now the world's sixth largest monetary asset. The top five monetary assets are: gold, US dollar, euro, RMB, and Japanese yen. If BTC rises 15 times, it may become the world's largest monetary asset. Each BTC is worth about $1 million. This cycle is over. The fastest we have to wait for is the next cycle.
BlackRock and Fidelity currently hold a total of 524,000 BTC
Through spot ETFs, BlackRock and Fidelity currently hold a total of 524,390 bitcoins worth $31.6 billion. Of the total 21 million bitcoins, more than 500,000 BTC belong to these two ETFs alone, accounting for about 2.5% of the total. Driven by ETFs, more institutions are expected to join the ranks of buying and hoarding bitcoin. Once governments, especially those with major economies around the world, use BTC as a strategic reserve, it will become a greater driving force.
There are now more than 1 million addresses holding 1 or more Bitcoins. These are 1 million future millionaires and multimillionaires. Are you one of them? Looking back now, in the crypto world, long-term holding of BTC is the way to go.
BTC closed a very beautiful weekly K-line. It is the weekly K-line with the longest lower shadow since the beginning of this cycle. It is also the weekly K-line with the largest fluctuation range. Will it become a standard K-line that marks the end of the periodic adjustment and the beginning of the new rising stage, that is, the morning star? This possibility is very high! If so, the market will mainly fluctuate and rise in the future. It is estimated that the accelerated rise will have to wait until September or October. As for whether it can create a new low in the near future, it is not expected. 图解Atomicals 协议【夸克导航】
🟧Fiat currency (Bitcoin is an officially recognized medium of exchange) 🟩 Allowed (using Bitcoin is legal with few or no restrictions) 🟨Restrictions (there are some legal restrictions on the use of Bitcoin) 🟪Controversial (interpretation of old law, but does not outright ban Bitcoin) 🟥Banned (full or partial ban on using Bitcoin) ⬜️No data (no information available)
BTC mining legalized in Russia Putin signed a law legalizing Bitcoin mining in Russia. Only Russian legal entities and registered individual entrepreneurs can mine. Individuals within the energy limits set by the government can mine without registration. Foreign digital assets will be allowed to be traded on Russian blockchain platforms. If certain cryptocurrencies threaten financial stability, the Bank of Russia can ban them. The requirements for individual mining are quite loose, with almost no restrictions. Mining and trading are legalized, which can be said to be quite friendly to the crypto circle. Heavyweight powers such as the United States and Russia are embracing BTC, and the trend is already very obvious. Back then, the mainland concentrated most of the computing power, alas,
Latest news: Long-term Bitcoin holders bought more than 184,500 BTC worth $11.1 billion during the recent decline. Sure enough, there is a reason why the decline cannot continue. The long-term trend still depends on long-term Bitcoin holders.
Will BTC have another chance to get on board below 60,000? It is estimated that it will be difficult. A long-lost big positive line on the daily line instantly pulled the fear and greed index back to the neutral range, and the market atmosphere changed accordingly. Some people shouted that the bull market is coming and it is about to take off😂 BTC has adjusted for 144 days, nearly 5 months, during which there were three opportunities to get on board below 60,000. A downward-sloping trumpet shape appeared on the chart trend, similar to the rising flag shape, which is actually a short trap. This pattern mostly appears in the consolidation stage of the upward trend, indicating that the future trend will still rise. If the market breaks through the pressure line effectively upward, the current position is around 70,500, which can be regarded as the final confirmation of the end of the adjustment. Wait and see!
Coinbase Premium Index turns positive, can BTC return to 60,000? Coinbase Premium Index turns positive again. What is Coinbase Premium Index: The percentage difference between Coinbase Pro price (USD pair) and Binance price (USDT pair). If the premium is high, it indicates that the demand in the US market has rebounded and the buying pressure on Coinbase is strong.
Judging from the market trend, there are indeed signs of buying and accumulation. If BTC can return to the 60,000 position quickly, the confidence of bulls will increase greatly, and the possibility of setting a new low will be small.
BTC was born in 2009 and has generally been moving upward since its birth. After the financial crisis in 2008, the U.S. stock market has also generally been moving upward from 2009 to the present. From the perspective of the large cycle span, the two are consistent. However, BTC clearly has a bull-bear cycle with a period of 4 years, which does not exist in the U.S. stock market. In other words, most of the time, BTC will run at its own pace and will only be affected when extreme market conditions occur in the U.S. stock market. The most typical example is the 312 market (2020) that the old leeks in the currency circle have never forgotten. At that time, the U.S. stock market had four consecutive circuit breakers, which was unprecedented!