leehoo.eth
@leehoo
2024-6-14 BTC NEWS 1. **Bitcoin Price Fluctuation**: Bitcoin spiked close to $69,000 after the PPI data release, then quickly dropped back to around $66,500. Bitfinex data shows large BTC-based long positions are starting to close; be aware of the risk. 2. **Zapper Protocol**: Zapper announced the launch of Zapper Protocol and will introduce the ZAP token in Q4. 3. **Holograph Attack Incident**: The cross-chain NFT protocol Holograph contract was attacked, allowing hackers to illegally mint 1 billion HLG tokens.
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leehoo.eth
@leehoo
The market is extremely poor. While Bitcoin and Ethereum haven't dropped much, altcoins are in dire straits, with many down over 40%, and some even over 70%. Even if Bitcoin returns to its all-time high, these altcoins are unlikely to recover. The market continues to be in a PvP state. Some are fleeing, some are holding on, but there's no new money coming in. The situation is difficult; proceed with caution. It feels like a moment of despair. No one in any group is offering encouragement. Once profitable advisors have seemingly all converted to holding USDT. It's hard to understand and make sense of it.
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