Many coins that have surged are due to a large number of people engaging in revenge shorting, not believing that it can continue to rise. This has been the case for many years; human nature and emotions have not changed at all. Trading must often go against human nature and emotions.
Almost every coin that has surged has been subjected to a large number of people retaliatory shorting, not believing it can continue to rise. This has been the case for many years; human nature and emotions have not changed at all. Trading often needs to go against human nature and emotions.
When everyone shouts 'Shanzhai Season', the Shanzhai Festival has arrived; When no one shouts 'Shanzhai Season', the Shanzhai Season has quietly arrived.
With such large market values for BTC and ETH, individuals don't have enough capital to manipulate the market, I highly suspect that exchanges are manipulating the market.
TSLA has broken through, TSLA's bottom has risen by 43%, BTC's bottom has risen by 40%, the volatility of these two assets is very similar, doing well in either one is the same.
Ethereum ETFs have no effect on Ethereum; no one is buying Ethereum in the US stock market, with a trading volume of less than 100 million. Bitcoin ETFs have a trading volume of 500 million, which is small compared to exchanges.
Currently, Binance's BTC/USDT spot trading volume is 4.1 billion, and contracts are 30 billion; ETH/USDT spot trading volume is 5 billion, and contracts are 40 billion. The total across all exchanges exceeds 100 billion.
This indicates that the main battleground for BTC and ETH is still on exchanges. In other words, the leading exchanges can determine the price movement of a particular coin. It is highly likely that this market trend is being driven by Binance.
Someone has mortgaged 300,000 to increase their position in TRUMP, 5x long, with an opening price of 11.28 and a liquidation price of 10.
Hey, isn't this obviously a downward trend?
Is there still someone who thinks there will be a hype before my TRUMP dinner? The hype has already ended in advance, what else is there to hype? Even eating shit can't catch the warmth.
Finance is all about trading expectations.
The release of the dinner news is meant to stimulate the market to trade, to provide liquidity, so that the trading team can offload.
I lost it a long time ago. I used to check out and learn about various new projects. I have no idea what those recent coins are called, I haven't read any Binance announcements, and I didn't participate in any point airdrops.
I mainly focus on a few top ones, BTC ETH SOL SUI, and I only look at the K-line, not interested in the hype around the projects.
Do you still have passion for the cryptocurrency world?
I haven't had it for a long time. In the past, I would look into and understand various new projects. I don't even know what the latest coin is called; I have no idea at all, and I haven't read any announcements from Binance.
I mainly focus on a few top ones: BTC, ETH, SOL, SUI, and I only look at the K-lines, not interested in the hype around the projects.
The central bank lowers interest rates to encourage loans. Loans are a double-edged sword; if used well, they can help life take off. Most successful people borrow money or take out loans. Without enough wisdom and ability, borrowing to invest can lead to disaster. In the cryptocurrency world, it's estimated that half of the people who made money from trading borrowed money. For every one success, there are 99 people who lost money, living in a state that's not quite human or ghostly, with normal life gone.