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#百万福运
This article is used to exchange regular contract gift boxes, obtain lottery chances, you can comment to send the regular contract gift box invitation code, open a position and immediately close it, using the minimum loss to exchange for card drawing chances,

#每日一词
Brothers who play the daily word game can follow me. If you encounter any words you don't know, post them below in this thread. I will pin this post for all the brothers playing the daily word game to communicate. I'm really strong now 😂

Thanks to BN, finally got it, no regrets about selling it off,

#交易故事
It's been so hard, really one mistake leads to another. I didn't keep up at the beginning, and I've been chasing ever since. Luckily, today went well, I managed to get a bit of luck and scored some points, I've already invested over 100 U, and finally, I can get some back. 😭

I just casually looked at the web3 wallet, and I saw, oh wow, over 3000 U. I thought my junk coins were making a comeback, but then I realized it was a Pixiu coin, with a principal of 40 U, and now only 10 U$BNB , and it has to be BNB.

$ETH bTC Eternal God

#Gas费影响 Bitcoin's gas fee is the transaction fee, which has the following impacts:

Impact on users

• Transaction cost: Gas fee directly increases the transaction cost of users. When the gas fee is too high, such as when the Bitcoin staking project Babylon was launched, the gas fee soared from $0.5 to $132, small transactions may become uneconomical and even cause users to lose money.

• Transaction speed: Users can increase the priority of transactions by paying higher gas fees, allowing miners to prioritize their transactions, thereby speeding up transaction confirmation. If the gas fee is low, the transaction may wait for a long time in the transaction pool before being packaged and confirmed, or even fail because it has not been processed for a long time.

Impact on the market

• Price fluctuations: Changes in gas fees may affect the market demand and supply of Bitcoin, and thus affect prices. When the gas fee is too high, it may suppress the transaction demand of some users, resulting in a decrease in market activity and a certain pressure on the price of Bitcoin. On the contrary, when the gas fee is low, it may stimulate more transactions and investment behaviors, driving up prices.

• Market sentiment: Large fluctuations in gas fees can affect market sentiment. Excessively high gas fees may make users dissatisfied and worried, triggering panic in the market; while stable or declining gas fees may enhance market confidence and attract more investors to enter the market.

Impact on the network

• Network congestion: Gas fees are closely related to the degree of network congestion. When the network is congested, the number of transactions exceeds the processing capacity of the network, and the gas fee will rise accordingly.

• Security: Gas fees are one of the important sources of income for miners. A reasonable gas fee level can motivate miners to participate in the maintenance and security of the Bitcoin network.

#钱包活动洞察 Here are some insights into Bitcoin wallet activity:

Address Quantity

• Slowing growth of new addresses: According to data from December 2024, although the number of new Bitcoin addresses continued to increase, the growth rate slowed down by 10.14% in the past week, with 364,870 new addresses.

• Increase in the number of large wallets: In August 2024, the number of Bitcoin wallets holding 100 BTC or more increased by more than 283 to 16,120, a 17-month high. From the start of the bull market on October 10 to December, the number of addresses holding at least 100 BTC climbed from 16,062 to 17,644.

Wallet Income

• Declining return rate: In December 2024, the return rate of Bitcoin wallets fell by 1.9%, reaching the lowest average wallet return rate since the bull market started on October 10, indicating that many traders are losing money.

Special wallet trends

• Dormant wallet activation: From November 28 to December 1, 2024, six Bitcoin wallets that had been dormant for nearly 11 years became active again, transferring hundreds of Bitcoins, with the largest transaction coming from a wallet holding 429 BTC.

Overall market impact

• Market sentiment: The buying or selling behavior of large wallets such as whales often triggers fluctuations in market sentiment. For example, large purchases by whales are seen as positive signals and may indicate price increases.

• Price trends: The trading behavior of active wallets has a direct impact on prices. Concentrated purchases by a large number of wallets will drive prices up; while large sales may cause prices to fall.

#市场情绪观察 On February 22, 2025, the Bitcoin market sentiment showed a complex and negative state, mainly manifested as follows:

Panic sentiment spread

• Bybit exchange was hacked and assets worth more than $1.5 billion were stolen. This incident caused panic in the market. Bitcoin experienced several short-term sharp declines in the early morning of February 22, falling below $95,000 per coin within 24 hours, and the lowest was $94,830.3 per coin. According to CoinGlass market data, in the past 24 hours, more than 170,000 cryptocurrency positions were liquidated across the entire network, with a total liquidation amount of $568 million.

The divergence between long and short positions has intensified

• From a technical perspective, the uncertainty of Bitcoin's price trend has further intensified the divergence between long and short positions. Some analysts believe that if Bitcoin falls below the average realized price in 2025, it may bring greater downward price pressure. But some institutions such as Standard Chartered Bank predict that Bitcoin will rise to $500,000 during Trump's term.

The overall wait-and-see attitude is strong

• QCP Capital analysis pointed out that BTC's market capitalization accounts for nearly 60%, approaching a four-year high, while ETH and other altcoins continue to be weak. Bitcoin prices are stable in the middle of the range, implied volatility is declining, the market lacks a clear catalyst, and the trend is dominated by macro factors. Funds are mainly short-term transactions and have not yet bet on a major market breakthrough.

Still confident in the long term

• Binance data shows that the number of wallets holding at least $100 in Bitcoin has increased by 25% in the past year to nearly 30 million, indicating that new participants are constantly pouring into the market and some investors are still confident in its long-term value. Ark Invest's latest report shows that Bitcoin is expected to achieve its 2030 price target, up to $1.5 million in a bull market.

#代币流动信号 Token flow signals refer to the market information and trend signals reflected by observing the flow of tokens in the blockchain network. Taking Bitcoin (BTC) as an example, common token flow signals are as follows:

Net inflow/outflow on exchanges

• Net Inflow: When Bitcoin is transferred from personal wallets to exchanges, it is usually considered an inflow, which may indicate that investors are preparing to sell Bitcoin, increasing the supply of Bitcoin in the market, and to some extent, it is a bearish signal. If a large amount of funds flows into the exchange, it may indicate short-term downward price pressure.

• Net Outflow: Bitcoin transferred from exchanges to personal wallets is considered an outflow, which may indicate that investors are purchasing Bitcoin and plan to hold it long-term, reflecting a positive outlook on Bitcoin's long-term value, typically viewed as a bullish signal.

Large Transactions

• Whale Buying: Large transactions are usually seen as the actions of whales. When whale addresses buy a large amount of Bitcoin, it may signal that the market is about to enter an upward trend, attracting other investors to follow suit and drive prices up.

• Whale Selling: When whales sell a large amount of Bitcoin, it may trigger panic in the market, leading other investors to follow suit and sell, causing prices to drop.

Capital Flow Indicators

• Inflow Ratio Increase: Some cryptocurrency analysis platforms provide indicators such as "capital inflow/outflow ratio". If the inflow ratio increases, it indicates that the funds buying Bitcoin in the market are increasing, and the overall market sentiment is optimistic, signaling a potential price increase.

• Inflow Ratio Decrease: A decrease in the inflow ratio indicates that selling funds are relatively increasing, leading to a pessimistic market sentiment, and prices may face downward pressure.

The impact of active Bitcoin users (#活跃用户影响 BTC) is mainly reflected in the following aspects:

Impact on Prices

• Increased demand drives price up: A rise in active users means more demand for Bitcoin. When market demand exceeds supply, according to the principle of supply and demand, Bitcoin prices tend to rise.

• Enhanced market confidence stabilizes prices: An increase in the number of active users attracts more investors' attention, instilling greater confidence in the market's future development, encouraging them to hold Bitcoin and reducing selling behavior, thus helping to stabilize or increase prices.

• Reflect market sentiment, boosting or dragging: The trading behavior and sentiment of active users can affect market atmosphere. When active users are buying enthusiastically, it can lead more people to follow suit, pushing prices up; conversely, if a large number of active users panic-sell, it may trigger market panic, leading to a price drop.

Impact on Market Trends

• Signaling market direction: A continuous rise in active user numbers is usually a signal that the market is entering a bull market, indicating that the market is generally active and expanding; a significant drop in active users may indicate the market is entering a bear market or is in a correction phase.

• Influencing market activity: The more active users there are, the higher the market's trading activity, and indicators such as trading volume and transaction value will also rise accordingly, making the market more prosperous and attracting more funds and participants.

• Driving related market development: As the leader in the cryptocurrency market, an increase in active users of Bitcoin will boost the activity of the entire cryptocurrency market, attracting funds into other cryptocurrencies and related projects.

Impact on Industry Development

• Promoting technological innovation: More active users participating means higher demands for technology, which will encourage development teams to continuously upgrade and innovate technology, such as improving transaction speed, reducing transaction costs, and enhancing security, thereby promoting the development of blockchain technology.

• Facilitating application expansion: Active users

Below is the price trend analysis of Bitcoin (BTC) for #价格趋势分析 :

Short-term Trend

• Price Fluctuation: According to news on February 22, BTC price fluctuates around $98,000, with the overall market showing a sideways upward trend. However, the short-term EMA shows signs of a downward turn, indicating potential short-term pullback pressure, with prices fluctuating between $97,000 and $98,500.

• Technical Indicators: The key support level at $98,100 is significant, while $98,500 acts as an important resistance level. In the short term, there is a demand for market consolidation; if it drops below $97,500, it may confirm a short-term trend reversal, while a breakthrough above $99,000 would indicate the continuation of an upward trend.

• Market Sentiment: The market sentiment is cautious, with multiple appearances of the “Doji” candlestick pattern, indicating a temporary balance of power between bulls and bears, with investors being relatively cautious about short-term movements.

Medium-term Trend

• EMA Trend: The medium-term EMA maintains an upward trend, indicating that the medium-term market trend remains strong, suggesting that there is still upward momentum overall for the foreseeable future.

• Event Impacts: If institutional investment frameworks are improved in March, it may trigger “supply squeeze” pushing prices upward; however, if the U.S. SEC continues to tighten scrutiny on crypto derivatives, it may introduce uncertainty affecting the medium-term trend.

Long-term Trend

• Positive Factors: Bitcoin is still viewed favorably as digital gold and a value storage tool, with the fourth halving expected to be completed in April 2024. Historical data shows that price peaks often occur 12-18 months after halving. The approval of spot ETFs opens the door for traditional capital to enter, with institutional holdings continuously rising. The long-term EMA is also rising, indicating a positive long-term trend.

• Uncertain Factors: If there is a severe global macroeconomic recession, increased geopolitical conflicts, or other black swan events, it could trigger liquidity contraction, suppressing BTC's upward space. Additionally, if more competitive cryptocurrency technologies or projects emerge, they might siphon market funds, affecting Bitcoin's long-term development.

#链上数据洞察 On-chain data observation is the process of collecting, analyzing, and interpreting various data on the blockchain network. Below are some related contents:

Observation Contents

• Transaction Information: Includes transaction volume, transaction amount, sender, receiver, transaction fees, etc. By analyzing changes in transaction volume and amount, one can understand the market's activity level and capital flow trends.

• Address Data: Such as the number of active addresses, the number of new addresses, etc. An increase in active addresses indicates more users participating in network activities; an increase in new addresses may signal the joining of new users.

• Asset Distribution: Mainly focuses on the concentration of token holdings, understanding the total proportion held by the top few holders, which can assess market risk. If a few addresses hold a large amount of tokens, it may have a significant impact on the price.

• Smart Contract Related: Such as Total Value Locked (TVL) and number of smart contract calls. TVL reflects the scale and popularity of DeFi protocols, while the number of smart contract calls can illustrate their usage and acceptance.

Observation Tools

• Blockchain Explorers: Such as Etherscan, Blockchain.com Explorer, etc., allowing manual queries of blocks, transactions, and account information.

• Professional Analysis Platforms: Platforms like Scopescan, Nansen, Glassnode, and Dune Analytics provide rich data resources and powerful analysis tools.

• Data API Interfaces: Many blockchain networks and data providers offer API interfaces, allowing users to obtain on-chain data programmatically, facilitating automated analysis and large-scale data processing.

Latest On-chain Data Observation Case

According to SoSoValue statistics and the latest monitoring data from the on-chain security team TenArmor, the Bybit trading platform saw a total inflow of over $4 billion in the past 12 hours on February 22, 2025, including 63,168.08 ETH, $3.15 billion USDT, $173 million USDC, and $525 million CUSD.

According to a report by Golden Finance, on February 21, on-chain analyst EmberCN monitored that a whale address invested 419 ETH (approximately 1.14 million USD) in VIRTUAL tokens, purchasing 1,049,000 VIRTUAL tokens at an average price of 1.09 USD. This address had previously bought 5,038,000 VIRTUAL tokens at an average price of 2.76 USD and exited at a price of 1.76 USD, resulting in a loss of approximately 5.02 million USD.

VIRTUAL had plummeted by 71% between January 3 and February 3, making it one of the hardest-hit artificial intelligence tokens. Despite this, the whale's reinvestment may suggest a shift in market sentiment towards VIRTUAL, or that it is perceived to have some recovery potential.

#比特币价格走势分析 1. $BTC dropped to a maximum of 91,000, with countless long positions liquidated due to high leverage, yet the bulls continue to emerge. Just as one batch is wiped out, another new batch appears.
Between 90,000 and 91,000, it remains a dense area for bulls. If it falls below 90,000, over 1 billion long positions will be liquidated. Given the current situation, it seems the market makers won't let this opportunity pass.
Currently, we are still in the U.S. holiday period, with very poor liquidity, making the market easy to manipulate.
2. Tonight at 21:30, the most important non-farm payroll data will be released, and some investors have already sold off their hedges, as the job market's vacancies caused #BTC to drop by 10%.
The impact of the non-farm payroll data far exceeds that of employment data. Additionally, the weekend is approaching, and the main shorting forces in the market are likely to continue slaughtering the bulls until they are completely cleared out.
However, it is still too early to conclude that we have entered a bear market; the benefits from the halving and power transitions have yet to materialize.
For us, it is crucial to manage our positions and leverage wisely, so as not to fall before dawn.

#币安MegadropSOLV
Binance announced that users can participate in the SOLV Megadrop starting from January 7, 2025, at 08:00:00 (UTC+8). The Solv Protocol (SOLV) Megadrop app page is expected to go live approximately twelve hours after this announcement.
Binance will list Solv Protocol (SOLV) on January 17, 2025, at 18:00 (UTC+8), and will open trading markets for SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY, subject to seed label trading rules.

#加密市场反弹
Reasons for the rebound in the cryptocurrency market

● Policy factors: Trump has repeatedly expressed support for the cryptocurrency industry during his campaign, and his presidency may promote a more friendly regulatory environment. The IRS has postponed the enforcement date for cryptocurrency tax reporting rules to December 31, 2025, alleviating investors' concerns about taxes.

● Market supply and demand and funding factors: The inflow of funds into the cryptocurrency market has increased, with the actions of large investors boosting market confidence. Tron founder Justin Sun withdrew approximately $45.5 million worth of 14,436 ETH from Binance.

● Macroeconomic and safe-haven factors: Changes in the global economic situation and policy uncertainties have led investors to seek cryptocurrency assets as a safe-haven tool. Expectations of a decline in US interest rates have led investors to favor allocating funds into assets like Bitcoin that have higher potential returns.