Beware! The violent rebound has not yet bottomed out, lock in profits and watch the trend of Bitcoin carefully!
The market has rebounded slightly since last night. Are many people eager to try and buy at the bottom again? “There will be a rebound after a sharp drop, and there will be a correction after a sharp rise.” Today’s rebound is not a return to the bull market, but a market law. If you don’t understand the market now, are unsure and unclear! My point of view is: wait and see! The current rebound is temporarily regarded as a short-term oversold rebound. The drop to $48,888 did not form a bottom. Although the amplitude exceeded 20,000 points, it is not certain that the five waves of decline have ended. Therefore, it is not recommended to hold yesterday's "bottom-picking" for too long, and it is recommended to take profits in batches.
This round of bull market should be the worst in the history of cryptocurrencies
1. General losses: In the first half of this year, most people lost money, and only a few people made profits. Many of the losers are old investors in the currency circle. Even if they have resources and capital, this bull market is particularly harsh, and many people cannot get out of the trap.
2. Collective panic: In the past, people thought that there would be a big bull market two or three months before and after the halving of BTC, but BTC almost finished rising last year. The same is true for altcoins. When everyone thinks the market is coming, it is actually over. After missing BTC, they collectively boarded altcoins, and the result was that there was no rise after boarding.
3. Collapse of altcoins: Many altcoins will return to zero. Unlike previous rounds of bull markets, today's consensus logic and investment standards have changed. Altcoins are no longer seen as opportunities, and many people are eliminated as a result. The consensus of altcoins collapsed, and no one paid after the inside story was exposed, and a rapid collapse occurred, burying many people.
4. VC consensus collapses: Investors no longer hold high respect and faith in venture capital, and their words and actions have very low trust.
5. Project entrepreneurship becomes more difficult: Project parties need to understand future trends, community needs, marketing and community operations, which are becoming increasingly difficult. There are fewer and fewer successful projects, and retail investors' trust in project parties is also decreasing, forming a vicious cycle.
6. Cryptocurrency dividends fade: The currency circle dividends fade, and everyone is eager to quickly obtain wealth freedom, which seems very anxious. After this round of bull market, many people are worried about their future in the circle.
7. Ideological change: This round of bull market has brought many changes in ideology and consensus forms, and everyone needs to re-understand the crypto circle. Don't be impatient, don't be discouraged, don't be happy too early, and don't lose the pattern.
8. Unexpected changes: This round of bull market will make many people's years of accumulation go to waste, and things you didn't expect will happen. After so many years of happiness, it's not too much to be sad once.
The cruelty and complexity of this bull market are unprecedented, reminding us to remain calm and rational in the pursuit of wealth.
Follow the trends in cryptocurrency! Is the market back to LABUBU today? The BSC chain has been hot lately, do you think it will continue? Today's key market focus: 1. A fierce operation like a tiger, the rise and fall all depends on Trump! After Bitcoin stands above 110,000 in the evening, it retraces due to insufficient volume! Prolonged sideways movement leads to a decline, and a major adjustment is expected between June and August, be sure to seize the opportunity! 2. $ETH leads the rally, driving altcoins $UNI and $NEIRO to rebound together, and the obscure coin $GPS unexpectedly surged into the top gainers, rising slowly from 0.02 to 0.03, an increase of 50%. GPS has been lurking since May! 3. Today's on-chain performance is also good, especially in the BSC chain. With CZ's backing, there is still potential! $EGL1 rebounded to a market cap of 80 million, briefly rising from 7M to 8.5M after a tweet, but quickly fell back to 6.7M, indicating a clear decline in interest; KTA fell 19%, with a market cap dropping to 470 million. 4. Last night, the SEC held a roundtable themed 'DeFi and the American Spirit', so we should focus on DeFi infrastructure projects next. 5. Mainstream DeFi projects (such as $MKR , $COMP, $AAVE , $ETHFI, $HYPE, etc.) performed outstandingly, as 'regular forces' enter, DeFi becomes the core sector in the next phase. 6. Bitcoin Core will expand the OP_RETURN data limit to about 4MB in October, with reformist representative Antoine Poinsot achieving a phased victory in a long-standing dispute with conservatives. 7. @PlasmaFDN opened last night, and the 500 million USD quota was quickly filled, a typical large-scale project where the more funds, the more you get. If the trend continues, doubling is not a big issue. The market is not short of money, but lacks high-quality projects like Plasma. 8. Rune, co-founder of Sky, has recently repurchased tokens, with a total repurchase amount reaching 630,000 USD, continuously releasing positive signals.
The reasons for daring to chase are: 1. Betting that Wlfi will continue to buy coins, the trading volume of EGL1 has always been among the top 2. Early players sold out around 10M, now it's the turn of the second batch of funds to take over; 3. Fourmeme is mentioned almost daily, the popularity is continuously rising; 4. Obvious signs of control, highly concentrated. #EGL1 #科技巨头入场稳定币
Alpha score boosting is in full swing, Points are soaring to 233, retail investors and studios are joining forces, It feels like a prosperous time— but what is the true meaning behind this "false prosperity"?
Is it earning transaction fees? Earning Gas? Or harvesting traffic?
It seems like a win-win for everyone: the scorers are happy, the platform makes money, users are coming in, and the project parties smoothly sell their products, everyone is delighted.
But when everyone is making money, The only question is: who is actually losing money?
Is the secondary market basically not being watched? It's all about on-chain meme coins! However, this weekend the on-chain activity is quite lively, especially with base and avax. It’s time to look beyond Solana's world. Today's market highlights: 1. Bitcoin is back on weekdays, starting to follow the rhythm of US stocks. Previously, BTC's stability could drive altcoins, but now it has stabilized without bringing many opportunities. 2. $ETH is currently the strongest mainstream coin, but it is still greatly influenced by BTC and external sentiments. 3. $SOL has rebounded well, but whether it can break through the recent high still depends on on-chain activity. Currently, activity has decreased, and the wealth effect is weakening. 4. The conflict between Musk and Trump has yet to be resolved. Although Musk deleted some tweets, Trump shows no willingness for reconciliation. Hopefully, it won't escalate further. 5. The Federal Reserve's stance remains firm, with possible rate cuts within the year, but the frequency and extent are limited. A rate cut in July is unlikely, and the probability of maintaining the rate in June is as high as 99.9%. 6. SOL Chain: After COSTCO went live, it surged by 1.3 million before being dumped. KOLs collectively complained, and although it later rebounded to 5 million, the difficulty is increasing. 7. BSC Chain: Score boosting projects have reached an extreme, and returns are declining. Small investors need to be cautious with risk control; one user lost 47,000 over the weekend due to being squeezed. 8. BASE Chain: Performance is stable, KTA continues to rise, circulating market value surpasses 600 million USD, reaching a new high. 9. Michael Saylor once again mentions Bitcoin Tracker, expecting to announce a new round of BTC purchase plans. 10. Farcaster airdrop announcement: This week, there will be airdrops of limited edition NFTs to the first 10,000 Pro users. Interested users can follow the updates. 11. Market IPO opportunities @buidlpad: SaharaLabsAI can KYC, FDV 600 million USD, worth paying attention to. @PlasmaFDN: $XPL token sale countdown is in 10 hours, KYC required. #币安Alpha上新 #韩国加密政策
As the leading token of Ethereum Layer 2, it was favored by many institutions and investors in the early days, resulting in heavy chips and fluctuating price trends. The recent pullback has basically ended, and the market has shown a piercing pattern and a morning star pattern, indicating a weakening of bearish momentum and a dominance of bulls.
The bullish candle after the morning star has broken through the oscillation range, but the trading volume has not increased, coupled with previous resistance levels above, it may oscillate and gather strength in this area in the short term. However, the overall trend has shifted from a decline to an increase, and if a reversal signal reappears at the support level, it will be a short-term buying opportunity.
If you cannot monitor the market in real-time or are not familiar with pattern recognition, it is not recommended to easily participate in short-term operations.
Cut Again? How Long Can Bitcoin at $100,000 Hold? CZ Plays $BC to Explode! PEPE's Ambitions Exposed, SHIB Burned Out, Who is the Next Opportunity for Wealth?
In the past 24 hours, Bitcoin has experienced dramatic fluctuations, dropping over 5,000 points from a high of 105,909 to a low of 100,372, with a daily decline of 3.11%, nearing the critical 100,000 mark, facing the risk of falling below six figures for the first time in nearly a month.
Other mainstream coins have also dropped sharply, with the concubine once touching 2,381, Solana falling to 141.53, and altcoins generally declining between 5% to 10%. According to CoinGlass data, as of June 6, a total of 227,763 people in the global cryptocurrency perpetual and spot market were liquidated, with amounts reaching 982 million.
This market plunge is actually a pre-planned harvesting scheme!
Evening Cryptocurrency Market Dynamics Attention: Recent events in the market should be positive, but the response in the crypto community has been tepid. Has the bull market come to an end? I don't believe so; I'm waiting for a bullish candlestick to push up!
CB has included FARTCOIN and Subsquid (SQD) in its listing roadmap; next week, there will be intense regulatory movements, with the SEC holding a DeFi roundtable on Monday and the House of Representatives holding a hearing on the cryptocurrency market structure bill on Tuesday.
Meme coin speculation is stirring again, with Pump.fun inciting a showdown between Musk's coin and TRUMP coin. Previously, the Trump-themed coin's hype drained the AI sector, and if Musk enters the fray, it may further squeeze the altcoin market.
By the way, what new tricks does Bitcoin have with its small upward movements? #Metaplanet拟筹资增持比特币
Don't just stare at them fighting! Come and take a look at CZ, who just changed his avatar; #bc has surged from hundreds of thousands to a market value of 6 million. Meanwhile, other projects on BSC are being drained of liquidity. Past experience tells us: trends come quickly and leave quickly, but the rebounds from being drained are often even stronger! This current market value shouldn't be called 'buying high', it can be called 'buying low'
True confrontation or a double act! The real protagonist behind the scenes is actually BlackRock.
This wave of cooperation is performed very well: two big shots create conflict, the media frantically amplifies panic, retail investors' emotions collapse, and they cut losses and exit. So what’s the result? BlackRock quietly bought up ETH. Sound familiar? This script was also played out in the last bull market: first creating panic by crashing the market, then buying low and harvesting the slow-witted investors. Now ETH is approaching historical highs, while they have long since set their positions and are just waiting to reap the rewards. If this plot were to be written as lines, it would go something like this—— Trump: Have you cleared most of your positions? Musk: Retail investors have all sold out, we’re about there too. Trump: Alright then, we can reconcile.
The market situation is getting increasingly absurd, with Musk and Trump clashing online. Their relationship can be likened to a roller coaster, arguing all night long. It was quite entertaining at first, but when I woke up this morning, I found my wallet took a hit too! However, Bitcoin still holds steady, maintaining the 100,000 mark!
Today's market overview: 1. Tesla evaporated $150 billion in market value, and Trump’s DJT media stock also plummeted by 8%; 2. Circle stock (CRCL) surged, peaking at $103 before closing down to $83; 3. On-chain activities are sluggish, with a large number of "arguing memes" hitting zero, criticizing without naming anyone, which is pointless; 4. PumpFun is riding the wave, promoting Musk's coin against Trump’s coin, hyping it up without caring about the industry's well-being; 5. Meme tokens on the BSC chain also experienced significant corrections, with the market changing rapidly—hesitation can turn profits into losses; 6. CB is crazily listing new coins, including Fartcoin, SQD, etc., continuing to bet on the meme craze; 7. Gambler James Wynn had a massive liquidation overnight, forced to liquidate 379 BTC at dawn, falling from a profit of $87 million to a loss of $20.5 million in two weeks, following the "tragic classic route" in the crypto world; 8. Binance updates Alpha rules, with Alpha tokens and spot trading only counting towards points;
The market is volatile and gossip is rampant. Remember one thing: don’t rush too much right now; surviving is more important than anything else.
Chattering away! Now only a rate cut can save the crypto circle! ADP employment fell short of expectations, and Trump is urgently calling for a rate cut. The divergence in U.S. policy is intensifying, bringing good news to the crypto market: JPMorgan launches leveraged ETFs, and Circle's IPO is in high demand. BN launches a small coin support plan, supporting $INIT , $ICP , $FIL, etc.
In the past few days, ETH has performed strongly, with Vitalik Buterin rarely increasing his holdings. The Ethereum Foundation plans to cut expenditures, which may reduce market selling pressure. However, altcoins are generally weak, with insufficient liquidity, and BN's new coin trading volume has dropped below 5 million. Some projects (such as $DEGO , $DEXE) have flash crashed, suspected to be manipulated by the same team, so caution is needed with low liquidity and abnormal trends in small-cap coins.
Why does the cryptocurrency market frequently have positive news yet still remain stagnant and quiet?
On one hand, the United States and Hong Kong are successively advancing stablecoin legislation, signifying that blockchain is gradually integrating with the real economy; On the other hand, Ethereum is deepening its cooperation with national-level entities, with ongoing progress in underlying infrastructure and practical applications, which are all tangible benefits for the industry.
However, the market has not risen immediately as expected, which does not mean the good news is ineffective. The market does not react immediately to news, especially during the current period of institutional fund allocation, where large capital movements often pay more attention to rhythm and timing.
Similar to the situation during Coinbase's listing in 2021, Bitcoin did not strengthen immediately at that time, instead experiencing a volatile decline. This notion of "good news turning into bad news upon release" is often misused, actually reflecting shortsightedness and emotional responses.
From a market perspective, Ethereum's daily chart has entered the final stages of volatility, with a trend change window approaching. Bitcoin ETF funds are flowing out, while Ethereum ETF funds are flowing in; these are all clear signals. The main players have long been strategizing for a new situation, but regular investors may not keep up with the pace.
To seize the next opportunity, one must understand the trend and break through mental limitations. Although the market has not exploded, the structure is being reshaped, and real market movements often brew quietly in what seems to be a "calm" situation.
Why do I say this? Let's take a look: 1. The 4-hour chart of Bitcoin shows a death cross, which has occurred in 2021 and 2024, usually indicating a short-term drop. 2. USDC's parent company Circle is going public tonight, with an estimated valuation of about 7 billion, which is expected to siphon off some market funds. Referencing the Coinbase listing on April 14, 2021, Bitcoin rapidly decreased from a high of 65,000. 3. There are reports that PumpFun plans to launch a pre-sale within two weeks; this doesn't need much explanation as its reputation isn't great, and let's not even talk about market value. Does everyone remember the Trump coin incident on January 17? The market was also severely impacted then!
As long as the direction is correct, losing money is as simple as breathing! I haven't looked at the ORDI inscriptions for a long time, and today I see it has dropped from 97 to 5.6, and this is still in a bull market. If we enter a bear market, those who are stuck at high positions will be in a terrible situation. #ordi
1. The Influence of Bitcoin ETFs Expands: Bloomberg analysts expect that IBIT (BlackRock Bitcoin Spot ETF) may surpass Satoshi Nakamoto by the end of next year, becoming the largest BTC holder in the world. 2. Altcoin Market Remains Weak: The altcoin season index has risen to 27, but 10x Research points out that "the lack of new narratives + the wave of token unlocks" restricts the continuation of gains, and insufficient market liquidity is the main issue. 3. SOL Chain Under Continuous Pressure: Due to the rampant issuance of tokens on the Pump.fun platform, liquidity on the Solana chain has been severely drained, leading to a weak performance of $SOL , showing a pattern of "rising quickly and then falling just as fast." 4. Trump Wallet Controversy Escalates: Donald Trump Jr. denies any connection with the "TRUMP Wallet" and instead recommends "World Liberty Financial" as the official wallet. Magic Eden responded that the application indeed uses Trump's official branding, confirming it as the "TRUMP Official Wallet." Related conceptual coin $ME experienced a 24% surge in a single day. 5. Whale Trader "James" holds a 40x leveraged BTC long position (valued at $146 million) with an unrealized loss exceeding $1.08 million, with a liquidation price of $104,980. The current price is just above $105,300, posing a high risk. 6. #Pump.fun Plans to Raise $1 Billion: Its platform has generated over 11 million tokens, with a total valuation of about $4.5 billion, and cumulative revenue exceeding $700 million. New tokens may be launched within two weeks, potentially valued at $4 billion. 7. Changes in the DeFi Market Landscape: Hyperliquid occupies nearly 80% of the DeFi perpetual contract market, leading by a wide margin. 8. Market Opportunity: Circle is going public, with a valuation of up to $7.2 billion as the company behind USDC, marking a significant event in the crypto industry. Attention: $ONDO , $MKR, $ENA 9. WLFI starts a precise airdrop of $47 today! #Circle扩大IPO规模 #币安Alpha上新