Shanks2804
@lilil2804
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The data of BTC is quite polarized. On the one hand, BlackRock continues to maintain strong purchasing power, with a net inflow of 4,528 BTC. On the other hand, Fidelity, ARK and Bitwise all sold more than 1,000 BTC. The three companies sold a total of 3,466 BTC in the last trading day. In addition, GBTC and Valkyrie also sold a small amount of holdings.
In terms of increasing holdings, in addition to BlackRock, Grayscale's Mini ETF has a net inflow of 111 BTC, which is understandable to rank second. This phenomenon did not appear in #ETH, but it is a little strange to appear in #BTC. It may be that some investors of other funds are not optimistic about the future development of BTC, and BlackRock's financial advisors may be more pyramid selling. 0 reply
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Now, institutions are actually buying at low prices to build positions.
Probably planning ahead for the expected rate cut in September.
Today, Ethereum started to strengthen, and the ETF took effect.
1: The whale who sold 3,586 ETH ($13.15M) at the high point of ETH price on May 21 at $3,667 re-bought 5,025 ETH 2 hours ago at $2,547, optimistic about the future of Ethereum.
2: Since the market crash on August 5, 1.3 billion USDT has been transferred from Tether Treasurv to exchanges. Institutions are buying the bottom of this decline with real money.
3: The giant whale bought $900,000 of PEPE, and has recently increased its holdings by nearly $4 million. The address has purchased $3 million worth of PEPE in the past week. It is optimistic that $PEPE will not be too flat in the future. It should be invested at 60,000. It is normal. Less than 60,000 0 reply
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After doing trading for a long time and losing a lot, I found that this is the description closest to the reality of the market. The truth is often contained in the jokes, and this is what it means;
Yes, the market can rise or fall, and it is likely to fluctuate;
I used to think that drawing lines can predict the rise and fall of prices, but it is obvious that the more you draw, the more you lose. Occasionally, you think you have mastered the principles of the market, and when you are wrong, you even lose so much that you don’t even recognize your mother;
So what is the point of analyzing the market?
In fact, it is very simple. The key to the problem is not to predict the rise and fall of prices, but to judge the subsequent high-probability trend based on the rise and fall of prices, and give yourself a probability pool with a higher chance of winning to gamble, which is speculative trading;
Since it is all gambling, who can predict the result? 0 reply
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