There has been no analysis of the market in the past few days, and the currencies on the list of rising currencies are basically the funds in the market. Recently, there have been various hacker attacks and fake websites frequently appearing in the circle. Many investors have been stolen and the funds lost are not small. Although part of it has been recovered, some of it has flowed into the market, making the already inactive market even worse.
The current market is a bit like the bottom of the previous bear market. Various black swans appear frequently, and the price of coins has been at a new low, but the current black swans are nothing compared to the previous ones. The overall market sentiment is still bearish. This is very common in the early stage of the bull market. The big drop some time ago, coupled with bad news, is likely to have caused most investors to cut their losses and leave the market. However, this also shows that the decline has come to an end. It may be the last drop, or it may continue to fall for a while. But the current coin price will be at a historical low when the bull market comes. Therefore, as long as spot investors do not buy too many fake coins, they will make more or less money in the bull market next year or the year after. Although the position is trapped now, the best choice is to exchange time for the space behind.
Take another look at the Bitcoin AHR999 hoarding indicator. The indicator has fallen below the fixed investment line, which means that the price of Bitcoin has reached a periodic low point and has also reached the fixed investment range. The price may continue to reach a new low, but compared to the bull market, the current Bitcoin price is already at a low point. So there is no need to panic. Friends who have positions should be excited.
That’s all I have to say for today. News in this period, such as theft, SEC’s upcoming appeal, or hacker attacks, may all be means for market makers to absorb funds.