飞熊noen

#交易流动性 **Topic: Liquidity in Cryptocurrency Trading - The Lifeblood of the Market**

Trading liquidity measures the ability of an asset to be bought and sold quickly and close to the market price without significantly affecting the price. It is the core lifeblood of the crypto market:

1. **High Liquidity (e.g., Major Pairs like BTC/USDT):**
* **Performance:** Deep order book (large buy/sell volumes), narrow bid-ask spread.
* **Advantages:** Fast execution, low slippage, low impact cost for large orders, relatively stable prices. It is a hallmark of a healthy market.

2. **Low Liquidity (e.g., Obscure Altcoins):**
* **Performance:** Sparse order book, huge price spreads.
* **Risks:** Difficult to execute trades, even small transactions can lead to significant price fluctuations (high slippage), prone to manipulation (pump/dump).

In cryptocurrency exchanges, a 'trading pair' is the core vehicle of trading activities, and understanding its connotation and operational mechanism is crucial for effective market participation. Simply put, a trading pair indicates the rules for **buying and selling one asset (quote currency) with another asset (base currency)**.

**Core Structure: `Quote Currency / Base Currency`**
* **Base Currency:** The asset you **own** and want to exchange.
* **Quote Currency:** The asset you **want to obtain**.
* **Price:** Indicates how many units of **quote currency** need to be paid to obtain **1 unit of base currency**.
* **Example:** `BTC/USDT` indicates the market for buying BTC with USDT or exchanging BTC for USDT. The price shows as 1 BTC = X USDT. If you want to buy BTC, you pay with USDT; if you want to sell BTC, you receive USDT.

$ETH just entered cryptocurrency, doesn't understand any professional knowledge, looked at the ETH price chart for a while and bought a little to test the waters, and it actually went up; unfortunately, I bought too little. When ETH hit a high of 2645, I felt it wouldn't rise further and sold it. I don't understand, so I want to try everything. I hope to get started quickly, and I hope experienced players can give me more guidance. $ETH 丶

#Circle扩大IPO规模 **Topic: Stablecoin Giant Circle Significantly Raises IPO Target, Accelerating the Integration of Crypto and Traditional Finance**

Major news has emerged in the cryptocurrency infrastructure sector: **Circle Internet Financial**, the main issuer of the globally leading stablecoin USDC, has updated its Nasdaq listing prospectus in July 2024, **significantly increasing its initial public offering (IPO) fundraising target**. This move has attracted significant market attention and is seen as a key step towards the deepening integration of the stablecoin industry and the entire crypto ecosystem with traditional financial markets.

**Key Events:**
1. **Significant Increase in Scale:** Circle has raised its IPO fundraising target from the previously planned **approximately $400 million to approximately $800 million**, an increase of nearly 100%.
2. **Valuation and Pricing:** In the latest submitted documents, Circle plans to issue shares at a price of **$27 to $29 per share** (previous range was $24-$28), indicating a significant increase in implied valuation.
3. **Increase in Number of Shares Issued:** To achieve a higher fundraising target, Circle plans to **correspondingly increase the total number of shares to be sold**.

#我的COS交易 Bitcoin should have a slight downward trend this weekend. It is advisable to sell at highs and wait for price to reach the boundary. Set reasonable profit targets or use trailing stops to protect profits. Avoid greed. Contract leverage trading can amplify profits but will also multiply losses. Beginners should be cautious, and even experienced traders need extreme restraint. $ETH
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Below are some key shares:

1. **Mastering Basic Operations:**
* **Order Types:** Proficient use of **Limit Orders** (executing at specified prices to avoid slippage), **Market Orders** (executing immediately at the best price, suitable for quick in-and-out), and **Stop-Loss/Take-Profit Orders** (automatically closing positions to lock in losses or profits, **core of risk management!**).
* **Exchange Selection:** Choose centralized exchanges (CEX) or decentralized exchanges (DEX) with good reputation, high liquidity, strong security, and transparent fees. Understand their interface, API (suitable for automated trading), and deposit/withdrawal rules.
* **Wallet Management:** Distinguish between **Hot Wallets** (online, convenient for trading) and **Cold Wallets** (offline, secure storage for large assets). Keep private keys/recovery phrases **absolutely confidential**, and enable multi-factor authentication (2FA).

2. **Core Strategic Ideas:**
* **Trend Following:** “Go with the trend.” Use tools like Moving Averages (MA), trend lines, MACD, etc., to identify and follow the main market direction. Look for pullback buying opportunities in an uptrend and short-sell or wait in a downtrend when prices are high.
* **Range Trading:** Buy at the support level and sell at the resistance level within a relatively stable price range. Requires patience to wait for prices to reach the boundaries.
* **Swing Trading:** Capture medium-term (from days to weeks) price fluctuations. Look for entry and exit opportunities based on fundamental news, technical breakthroughs, and changes in trading volume.
* **Arbitrage:** Profit from slight price differences between different exchanges or trading pairs. Requires fast execution, low fees, and opportunities that are fleeting.

$USDC USDC, as the market value leading **fiat-collateralized stablecoin**, has a distinctive holding distribution, profoundly reflecting its core functions in the cryptocurrency ecosystem: **value stability measure and transaction medium**. Analyzing its holding distribution centers around understanding its liquidity and the usage patterns of market participants.

Unlike the highly volatile Bitcoin or Ethereum, **the concentration of USDC holdings is primarily characterized by institutionalization and toolization**:
1. **Exchange-dominated whales**: The vast majority of USDC is concentrated in the hot and cold wallets of major centralized exchanges (CEX). These addresses are veritable “whales,” but their holding purpose is not for investment appreciation, but to provide liquidity and user deposit/withdrawal services for the platform. The dramatic fluctuations in exchange balances (large inflows/outflows) are often significant signals of market activity or user behavior (such as hedging or arbitrage).
2. **DeFi protocol treasuries**: A substantial amount of USDC is locked in decentralized finance (DeFi) protocols, serving as collateral for loans, liquidity pool assets, or stable income sources (such as money market protocols). An increase in the USDC balance of protocol treasury addresses often signifies the prosperity of the DeFi ecosystem and a heightened demand for stable assets.
3. **Market makers and institutional bridges**: Professional market makers hold considerable USDC to ensure quoting and arbitrage efficiency across exchanges and trading pairs. Additionally, institutional investors (such as funds and corporate treasuries) often use USDC as a fiat channel for entering and exiting the crypto market and as a short-term cash management tool.
4. **Retail “cash reserves”**: Compared to exchanges and protocols, the total amount of USDC held by retail addresses is relatively small, but the user base is vast. For retail users, USDC is the “cash” in their crypto wallets, used to avoid market volatility, wait for entry opportunities, or pay on-chain fees/Gas.

#我的COS交易 Topic: Virtual Currency Holding Distribution: Insights into Market Structure, Risks, and Potential Opportunities $ETH
The holding distribution of the virtual currency market, that is, the allocation of tokens among different scales of holders (such as whales, retail investors, institutions), is a key indicator for measuring market health, risk concentration, and future trends. In-depth analysis of this distribution can reveal many hidden insights.

Currently, many mainstream cryptocurrencies (such as Bitcoin and Ethereum) exhibit a significant characteristic: **high centralization**. A small number of whale addresses (typically those holding 1% or more of the total supply) control a disproportionate share. This concentration is both a product of the early stages of the market and poses systemic risks—decisions made by these whales can trigger dramatic price fluctuations or even be manipulated. For example, when a whale transfers a large amount of tokens to an exchange, it is often seen as a potential sell signal, triggering market panic.

Studying the trends in holding distribution is crucial. For instance:
1. **Whale holdings continue to decrease**: This may indicate profit-taking or caution about the future market, but it could also be a positive signal of tokens spreading to a broader audience (decentralization).
2. **Exchange balances continue to decline**: This is typically regarded as a sign of strengthening long-term holding (HODL) belief, reducing immediate sell pressure.
3. **The proportion of retail holdings in specific tokens is abnormally high**: This may indicate higher volatility and greater sensitivity to market sentiment, necessitating caution against the risk of 'pump and dump'.

The evening of $BTC Bitcoin fluctuated upward with the opening of the US stock market, first reaching a high of 104,500 before pulling back to 103,600 to confirm support, and then making a second attack to 104,600, forming a range fluctuation. The current price remains in the 104,000-104,600 range, with lows gradually rising, indicating strong market buying interest, presenting a slightly bullish fluctuation pattern in the short term.

The 4-hour chart shows that the MACD is about to golden cross, and the RSI remains at a neutral to strong level around 50, combined with a healthy volume-price structure of a pullback with reduced volume and a rebound with increased volume. The 103,600 support level has been tested three times without breaking, forming a solid bottom. If it breaks the 104,600 neckline, it will open up upward space, targeting the previous high resistance area of 105,500.

Operating Strategy and Risk Control

It is recommended to lightly position long orders in the 103800-104000 support area, with a stop loss set below 10300; if it breaks 104,600, you can add positions looking towards 105,500. Be cautious if it unexpectedly falls below the 103,500 support, then pause long positions and wait for a stronger support level near 103,000 to reassess the entry timing. In the evening, pay close attention to the impact of US stock market trends on market sentiment.

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#我的COS交易 $ETH has completed ETH support, and the trend in various tracks will rise in the near future.

#我的COS交易 $BTC Bitcoin accumulation has been completed, and the trends in various sectors will experience an upward surge, predicted around 108000