My family, this coin is going to have a huge negative impact. I will run away first! I will increase my position in it!
The cryptocurrency market has finally started to rebound. Is there really a bull market ahead? After reading this set of data, I came to a remarkable conclusion!
So which coins are worth buying at the bottom now, and which coins need to be liquidated? Let’s follow Shuqin to find out.
The recent cryptocurrency market has been falling so much that it makes people doubt their lives. Is the bull market really over? Are the big investors selling out now? Please see the picture.
To measure whether the cryptocurrency market is really losing money, we first need to look at the change in the amount of funds in the cryptocurrency market, that is, the issuance of USDT in the cryptocurrency market. It is really closely related to the rise and fall of the cryptocurrency market and can help us see the situation more clearly. In the past, Bitcoin fell or went sideways, which we can get secondary confirmation from the issuance of USDT.
And now, hot money in the cryptocurrency circle has not shown any signs of decline in the current falling market and is still entering the market steadily. Investors from all over the world are exchanging their US dollars, euros or RMB into USDT to enter the cryptocurrency circle, rather than cashing out and leaving the market.
The current issuance of U has already exceeded the 80 billion at the peak of the last bull market, reaching more than 110 billion, and is setting new historical highs every day. Adding other stablecoins such as USDC or FDUSD, it can be said that there has never been so much money in the cryptocurrency world.
So the current market situation is very strange. Funds are constantly pouring in, but prices are falling all the way. This has formed a huge divergence. From the perspective of value investment, Bitcoin is now in a golden pit, so the bull market has not ended. The current decline is just a technical correction, purely because it has risen too much before.
So where should we enter?
First of all, you must understand that finance is a game of probability. Whether the bottom of Bitcoin is 58,000, 52,000 or other points, it all has probability. The only difference is the size of the probability.
Bitcoin fell below the 5W9 support, and the closing line did not recover. This time it may go to 56,000 and 52,000, the 0.382 super support. And I will not short now, because the enemy is desperate, and it has fallen so much. If a rebound wave hits it, it will kill both the long and short sides.
And you may have noticed that Bitcoin plummeted, but small coins did not fall much, so you still need to pay attention. Bottom-hunting should be based on spot, so that it is stable. For contracts, you need to set a stop loss. Above 56,000 and 52,000 are both good opportunities for rebound in my mind.
Although the bad news is that the small bull market is over, the good news is that the big bull market has not yet begun, giving us more time to hoard coins!
There is another coin that Shuqin is very concerned about. It is both a risk and an opportunity. The rune sector has finally decided on its leader, which is RSIC, or RuneCoin for short.
The market value of this rune leader is only 200 million, which is far from the market value of Ordi, which once exceeded 1 billion. In addition, runes have a strong community in the West. I think as the rune leader, RSIC, or RuneCoin, has a good chance of being listed on Binance in the future.
Before that, there is a greater probability that he will log on to other first-tier platforms one after another, and each time he goes online, it should cause a significant increase.
So this coin has risks, but the opportunities are also great, it depends on whether you believe it or not. For example, when the inscription was first released, Ordi was only 1u and Shuqin had already led everyone to layout it, and it had not yet been listed on the exchange.
Then it rose to 70 or 80 U, which is a 100-fold coin. Then in March this year, when Rune was about to come out, we asked to change positions, saying that the founders had gone to Rune, which was also considered to be escaping the top.
Now that RuneCoin is really here, the risk is indeed great, but the potential is also great. Its market value is only over 200 million, so whether to take a chance depends on your risk appetite. But at least Shuqin told everyone that RSIC, or RuneCoin, would be the leader when it was first released, because I do have a lot of information.
Sure enough, he logged into a certain exchange a few days later. If you had listened to me and bought it before it went on the exchange, you would have really made a lot of money. This is the importance of being well-informed.
In addition to Runecoin, Rune Dog is also very popular, which is equivalent to Rats in inscriptions. This can also be planned.
In the short term, Ben Qin said yesterday that there would be a rebound after the Federal Reserve meeting this morning, and it turned out that it really rebounded a lot, especially small coins that had fallen to the bottom and rebounded even more violently. Now it is Bitcoin that is making up for the losses.
We are very happy that WIF, OP or Ondo, which we recently let enter the market, have recovered their losses and even made a profit. Shuqin is very optimistic about WIF. I think it will be the new dog king of this bull market. If you play short-term, you can consider selling in batches at 2.8-3u, and then look at 2.5 or 2.6 to buy back at a low price.
Shuqin updates the operations, on-chain data and important news of each project every day, allowing you to plan one step ahead. We will definitely outperform retail investors by a large margin in the bull market.
If you want to work with me, you can come and have a look~
Okay, let’s continue.
Next is the huge benefit of Ondo. The U.S. bond fund launched by BlackRock reached nearly 400 million in just one month. Most of the net inflow last week was provided by Ondo's OUSG on-chain U.S. bonds, which is really good data.
Ondo has firmly established itself as the leader in the RWA real-world asset tokenization track, and is deeply tied to the giant BlackRock. But do you know? These hundreds of millions are just the beginning, because the U.S. bond market is 35 trillion, and it is still increasing every year, so the future performance of Ondo and even the entire RWA track will be amazing, and the potential is huge.
The unlocking model of Ondo is also very interesting. Although only 16% of its tokens are in circulation, 84% of the tokens have not yet been unlocked, which is a common problem for new coins. But the difference is:
His unlocking cycle is particularly long, he only unlocks once a year, and the next unlocking will be in 260 days, which is January next year. Before that, he has no selling pressure.
Therefore, with low circulation, no selling pressure and huge development potential in the future, Shuqin is full of expectations for this coin at least before the next unlocking.
Speaking of unlocking, Sui will unlock about 80% of the current circulating market value of tokens by the end of this month. This unlocking amount is simply terrifying.
That is to say, by the end of the month, the Sui circulating in the market will double. If the market value remains unchanged, then in theory the price of the coins in your hands will be diluted by half.
So quickly switch to other currencies. If you are shorting contracts, try to choose projects with huge negatives. Whether it is the winning rate or the profit and loss ratio, it will be more cost-effective. This is the importance of understanding the market in advance.
Finally, don’t forget to like and follow us, let’s achieve financial freedom together in this bull market!
Bye~
