Yesterday was the familiar smell in the currency circle again. As soon as the market entered a downward trend, there would continue to be various negative and bad news. First, "Mentougou" appeared again, and the repayment of creditors began, and then OK suddenly crashed. 50%, which caused some people who pledged loans to liquidate directly. However, OK responded quickly and stated that it would fully compensate the affected funds. However, after monitoring the deposit after Huidu went to work at night, the market did not continue to plummet. , I recharged a lot yesterday, more than 17,000 seems to have been recharged. However, the overall position data is only updated to January 22. The US side is already one day behind us, and the data is even slower, so the difference will be two days in the morning. From now on, just look at the end of the position data.

Bloomberg analysts predict that the outflow rate of GBTC will be between 20% and 35%. Currently, 13% has been outflowed. This is less than what I said before. I previously expected about 40%, which may be too aggressive. , but at least more than 200,000 pieces of pie supply should flow into the market. Therefore, until Grayscale does not stop the continuous outflow, the market supply and demand are still unbalanced, and it is still not an opportunity to buy the bottom.

The market for Inscription BRC20 is almost dead now. The liquidity of many Inscriptions has disappeared, mainly ARC20. Now many hanging floors cannot be sold, but BRC420 is still strong, but the hype was not that hot in the first place, because just now When we came out, we encountered a bad market situation, so the increase was small, and the selling pressure should naturally be smaller. Except for the leading inscription, most of the inscriptions may return to zero, so be mentally prepared.

Let’s mainly talk about the market today. Let’s put aside Huidu’s smashing market. Yesterday after Huidu went to work, there was no further sharp decline. Instead, there was a wave of rebound at night. This is a normal situation. Now It can be said that all levels are already in a downward trend in the short term. In a downward trend, if there is a rebound, there is a high probability that it is not the bottom. If it is the bottom, there will not be a sharp rebound or reversal, but there is no way to guess the bottom now. Because the shipment speed of Grayscale is still increasing every day.

It should stabilize briefly during the day today, and there may not be a sharp decline. Even if it breaks the new low of 38550, there is a high probability that there will be a rebound. The pressure during the day (before 12 o'clock in the evening) is at 41000-41500.

The exchange rate of Erbiao has begun to fall sharply again. The reason is related to the higher probability of Ethereum spot ETF being rejected. Because there is no pressure from the court, the recent voices released by the SEC and foreign media can be rejected. If this expectation is No more, Ethereum may indeed be bleak this year.

Finally, walking alone is lonely, and the bull market is coming. The Qiqi no-threshold small circle welcomes everyone to join. Let’s move forward hand in hand and meet the uncertainty of the future with a certain group. #OKB #etf $BTC $ETH