To be honest, the current price of Bitcoin has basically lost all appeal for retail investors outside the market. It's hard to imagine someone earning a salary of 10,000 yuan buying Bitcoin at 120,000 USD. Ethereum is somewhat appealing, but after breaking its previous high, the appeal of Ethereum above 5,000 has also significantly decreased for retail investors.
Some people might say that retail investors are not needed and that institutions are enough; the US stock market is mostly institutional with very few retail investors. This is true for the US stock market, as it is the most mature market globally, but the crypto space is not like that. Institutions have only recently entered, and it can't instantly become like the US stock market. For example, last night, a small PPI data release caused Bitcoin and Ethereum to drop significantly, while the US stock market hardly moved.
Therefore, this market still needs a large number of retail investors. Institutional participation is increasing, but it is far from the level of the US stock market. A slow bull market like that in the US stock market? Don't count on it. If the US stock market reaches a peak and starts to decline, just wait and see how low Bitcoin and Ethereum can drop at that time.
The point I'm trying to make is that the crypto market still needs to attract a large number of retail investors from outside. The current price of Bitcoin cannot attract retail investors, and the appeal of Ethereum has also greatly diminished after breaking its previous high, while mainstream coins like XRP, ADA, etc., have already risen to high levels. So, to attract retail investors from outside the market, we still have to rely on the explosive growth of small-cap altcoins, especially meme coins. At this time, asking retail investors from outside to study which coins have strong technology is unrealistic. The only thing that could attract them is the explosive growth of meme coins, with daily increases of several percent or even over a hundred percent, rising every day. Coupled with terms like "crazy bull market," "altcoin season," and "get rich quickly," who with a bit of spare money wouldn’t want to come in and give it a try? The final result will always be the same; there are no new stories in the trading market. The process may vary, but the outcome remains unchanged because human nature does not change!
Is it Paris Brother or Aussie Master Brother? I believe this matter cannot be judged by right or wrong, there is no right or wrong, only positions.
Emotionally, I lean towards Paris Brother. In my view, the essence of the cryptocurrency circle's scams is becoming increasingly obvious. For the majority of retail investors, buying and selling is indeed their own behavior, but this does not prove that the scams are legitimate. Those who use this as a moral high ground to argue are simply manipulating the downstream by the upstream food chain, making you lose money while believing it is your own problem, leading to self-doubt instead of thinking of ways to retaliate against the creators of the scams. This way, they can sleep soundly and continue to bleed you dry.
The people who create the scams are even more despicable; they use their information advantage, financial advantage, and public opinion advantage to deceive us, making us believe that dog poop is gold. In these carefully designed scams, I do not think our losses are entirely due to our stupidity or a lack of so-called understanding, but rather because the disadvantages are too great, making it highly probable to be deceived.
However, grievances have their origin and debts have their owner. Those scammers are often deeply hidden, and you might not even be aware of their existence. Public outrage needs an outlet, and at this time, the number one figure in plain sight becomes the target. I feel that CZ is very wronged in this regard; those projects have no interests tied to CZ, and CZ is actually being used. This is also why he has stopped responding to those projects; he is in a dilemma, stuck between two sides. Not mentioning being scolded by retail investors, if he mentions that the market value of that coin has grown, the real beneficiaries are those scammers. In the end, it is still the retail investors who pay the price and suffer more losses.
This is a huge misunderstanding; both CZ and retail investors are losers, while those hidden away are the real culprits and the ones who are always laughing!
I usually score 18 points, those who score 17 points can resign.
龙大日666
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Today's Score If the transaction score is below 17 points, then just automatically resign. There are already 35,000 people who haven't even counted the points brushed within the exchange. The base score is now 17+2=19. Arguing with me, saying your balance score is 4 points, after all, the vast majority can only have a balance of 2 points.
The Federal Reserve continues to pause interest rate cuts in May. Yesterday's U.S. stock market saw some fluctuations, but overall it is still on a rebound trend. The cryptocurrency market is similar; after all, it was anticipated, and it's hard to see any major fluctuations for results that fully meet expectations. Bitcoin (BTC) is either going to hit a new high soon, experience a sharp drop and pullback, or move sideways until June; there is no consensus among everyone. I believe that without more external liquidity injection, sideways movement will be the most probable scenario. Sellers will continue to earn theta amid hesitation. This is a good time of year for sellers. Specifically discussing Ethereum (ETH), the negative gamma position at 1800 will expire this week for most positions; the subsequent price resistance is still uncertain. Whether it can rise to the 2000 level remains to be seen. During the market's dull and quiet period, let's together sell puts and sell calls to recover at the right timing.
Why the meme of winter market-making like ACT will crash comprehensively.
Come on, let me tell you why the meme of winter market-making like ACT will crash comprehensively. It's not about WM abandoning the market. It's because the rule change by BN caused it, and although BN announced it in advance, the impact is greater than expected. Why does a rule change lead to a crash? Let me explain this causal chain step by step: 1. The impact of rule changes. Binance adjusts contract position limits and leverage ratios, usually to control risk and prevent excessive speculation or market manipulation. For example: Position limit lowered: Suppose a previous account could hold a contract position of 10 million USD, now the limit has become 5 million. Those positions exceeding the limit must be reduced or closed.
It's the same for Binance, whether you believe it or not
币圈老司机
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Hyperliquid has proven that there are no decentralized exchanges, on-chain exchanges; everything can be manually intervened, everything is manipulated by humans.
The decentralized narrative of Hyperliquid has collapsed, it's time to prepare for short positions.
First, let’s review tonight's short position.
Tonight, a giant whale opened a jelly hedge position on Hyperliquid.
Due to the deliberate manipulation of coin prices, after the short position was liquidated, the long position could take advantage of Hyperliquid's risk fund.
Generally speaking, most exchanges acknowledge losses when they discover a bug, take it down, and fix the bug.
However, this bug was encountered by Hyperliquid two weeks ago, and it hasn't been fixed; they could only forcibly liquidate the brother's position.
Liquidation would be one thing, at least they would acknowledge the loss and compensate, but Hyperliquid didn't compensate a single penny, forcibly liquidating at a higher price.
For example: you opened BTC with 10,000 dollars and it rose to 100,000 dollars.
The exchange says you earned too much, I’ll settle with you at 15,000 dollars, you still made a profit.
Is this even a profitable situation? This is the difference between financial freedom and just making a little money.
If it were me, I would have cursed them out long ago, what garbage???
If an on-chain exchange can be manually intervened at any time and can delist and freeze your account at will, what’s the difference from centralized exchanges??
I used to think Hyperliquid’s on-chain exchange was amazing, but now it seems like just a paper tiger.
The most basic narrative of centralization has just been cut off.
Hyperliquid doesn't know if it will fix this bug; it has already suffered losses last time, and it’s still losing this time.
But it’s also possible that they are at their wits' end.
However, the notion of decentralized exchanges is indeed dead in my heart.
There are no decentralized exchanges; it's all human intervention, just a change of shell.
Sister, handsome. Let's permanently ban this stupid project.
Binance Announcement
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Binance will suspend the listing of RedStone (RED)
This is a general announcement, and the products and services mentioned here may not be applicable in your region. Dear users: Due to the RedStone (RED) project team changing the expected community airdrop amount ratio at the last minute, Binance has decided to suspend spot trading of RedStone (RED) until further notice. RedStone (RED) originally promised to allocate 9.5% of the total token supply to community airdrops. However, the project team has now temporarily decided to reduce the airdrop ratio to 5% of the total supply. We are actively negotiating with the project team on the details of the airdrop to protect the interests of community users. More information will be announced later.
#加密市场反弹 #白宫首届加密货币峰会 I haven't written predictions for a long time, and no one watches when predictions are accurate. This time, let's predict again: Bitcoin will reach around 102k, remember to take profits. A rebound is not a reversal, remember that. $BTC
The market is really a bit despairing. I have never sold at the top; every time there’s a big drop, I get hit. These past few days, when someone asks me whether to buy or not, I always say the market is too bad, and if you buy, be prepared to lose money.
$gps is listed on Binance, holders have an airdrop. When it first went live, it was bought at 0.08-0.09. I thought it would be stable, so I planned to wait to see after the listing. Even if it drops, I didn't think the price would be too outrageous, but when it hit 9 o'clock, it was directly halved. I really picked a great buying point, but the selling point left me speechless.
$shell I previously shared my own research and thought the product was good, but now it has also fallen below my cost price. I bought it at 0.39, and it's dropping below that. I really don't dare to act recklessly, but since BNB has also dropped, I sold it last night and exchanged it for $bnb. In terms of $bnb, I didn’t lose too much.
$red is now open for pre-market purchases, and each account can buy 5000 units. However, if there are mined coins in the account, the purchase amount becomes 5000 minus the mined quantity. When the market was normal, I thought it could be bought below 1u, and I told others the same. When it opened at 1.4, it proved that most people thought the same as I did, but later it was dragged down by the overall market and went below 1u. However, the market is so bad that I'm also afraid to buy. The little I mined before has also been exchanged for $bnb at the lowest point.
I have bought all the projects on the weekly leaderboard of the Bnbchain activities and added them to the pool. When I bought yesterday, some small-cap coins shot up high. If the market was normal, I would have taken advantage of it, as there’s a high probability that it could rise when adding. But the market is so bad that I have lost all desire to take advantage. Looking at the K-lines of each project, I still feel many people are speculating. Of course, I have to mention that $koma, $banana, and f3b 714 performed relatively well. Buying in at 150,000 u or 200,000 u still has not many sell orders, probably because the pool isn't very small, so speculators might not choose these few.
I bought $tst at 0.19 and impulsively sold it at 0.06, thinking of selling it to exchange for $bnb. When I sold, $bnb went up a bit, and I wanted to wait for it to drop again to buy back, but I couldn't get it back. This is the reason I’m often reluctant to sell coins; I frequently operate like this.
Hackers use e-currency to smash the market with big pancakes.
唐华斑竹
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Incredible, ETH broke through 2800 USDT, with a 24H increase of 3.98%! It is said that hackers have just stolen the largest amount of ETH in history from bybit. Everyone is worried that hackers will cause ETH to plummet. Even if all parties work together to chase and intercept hackers to prevent them from crashing, they cannot be 100% successful. After all, ETH has been washed through the mixed currency pool, and some have flowed into other chains such as BTC. According to previous news, eXch rejected Bybit’s request to intercept funds, and a large amount of ETH was transferred through eXch mixed currency. In this case, it is reasonable to say that ETH can avoid a sharp drop. How can it suddenly soar? Who is buying ETH crazily against the huge shipments that may occur at any time? Is it the team of the three fat men who is pulling the market to prepare for shipments? In addition, is there any other explanation? What’s more strange is that BTC has not risen or even fallen a little, which is really a bit confusing. ETH has been sluggish and weak. How can it be stolen and possibly smashed, but it has started to harden instead? What kind of logic is this? It is really unbelievable. $ETH
It is clear that trying to crash SOL all at once is not that simple. Yesterday it dropped to 160, and many people were calling for it to see 130, but when I checked this morning, it had returned to 170, with a 24H increase of 4.43%. Is there a short position that got liquidated? The famous trader Zhu Su announced that he has gone long on SOL at a price of $170.5, and the USDC Treasury has also announced the minting of 250 million USDC on the Solana chain. It seems premature to say that SOL has been abandoned. Most people believe that SOL's decline is due to several factors: one is the significant unlocking, and another is that a series of recent meme coin scandals have affected investor sentiment towards the Solana network. Of course, there’s also the recent surge in meme coins on the BNB chain impacting SOL. Currently, it seems okay; with just these factors, trying to crash SOL doesn’t appear to be that easy. SOL seems to be holding up, especially since there are still positive expectations like ETFs in play. I’m not as smart as Zhu Su; I went long at 190, and now my cost is still stuck at 187, waiting on the mountaintop for the liberation army in the middle of winter. However, looking at the overall market, this decline is not just about SOL; basically all coins are falling. Bitcoin fell below 94,000 yesterday, and it is said that large whales were liquidated. It’s not just one coin’s problem; as long as we can hold on and endure until the market rebounds, I think I still have hope for a recovery. Embarrassingly, my operations over the past two years have basically been a cycle of 'buying - getting stuck - waiting for recovery.' Well, what can be done? Let’s send a red envelope to encourage SOL's bulls, hoping the liberation army will come to the mountaintop soon to rescue us. Just enter 'SOL雄起' in the comments to receive a random BNB red envelope! Wishing everyone a prosperous Year of the Snake! #红包 #红包大派送 #红包🧧