Buffett spent 500 million US dollars to buy bitcoin to boost the market? Is he still asleep?

Yesterday, nine Bitcoin spot ETFs had a total trading volume of 2.4 billion US dollars, which was higher than the data on the first day of ETF listing. Among them, BlackRock reached a historical high of 1.3 billion US dollars. After the influx of real money into the market, Bitcoin completely ignored the suppression of short-term pressure points and marched all the way to the 57,000 point high.

This wave of rapid rise really caught everyone off guard. When I woke up in the morning, there were rumors online that last night's surge was caused by Buffett spending 500 million to buy bitcoin. I don't know why so many people believed such stupid news. No wonder nearly 70,000 people were liquidated in the market after this wave of market conditions.

Regarding the short-term Bitcoin market, it continues to adjust upward and reach new highs step by step. This trend is within Uncle San's expectations. However, the fact that the daily line has a ten-point big positive line directly went up is unexpected, but it did not disrupt Uncle San's operating rhythm.

The rapid rise of the market disrupted our operation rhythm, which was a manifestation of not making good early plans. The trend of Ethereum is relatively mild. It has slowly adjusted after breaking through 3200 points. It is expected to catch up later after the big cake stops rising. There should be no doubt that this wave will reach above the short-term target of 3400 points.

Someone asked if there will be a 20% decline to consume the longs after the shorts are exhausted? This morning, Sanshu posted a table of current contract positions on the planet. The current leverage liquidation can consume 200 million shorts if the big cake continues to rebound 2,000 points, that is, to 59,000 points. However, if it returns to the previous support level of 50,500 points, the longs that can be liquidated will reach 1.2 billion US dollars.

So, will Bitcoin plummet to an extreme level in the short term to liquidate long leverage?

Uncle San rationally believes that this is possible but unlikely. In addition to the short-term extreme plunge, the liquidation of long leverage and the accumulation of short funds at high levels are the most common methods this year. Before each round of surge in the price of Bitcoin, it experienced a long period of oscillation and decline, and after the data reversed, it directly rebounded to a new high.

The reason why this year's liquidation logic is different from the past is that the funds flowing into the market have been uninterrupted since the ETF was approved. Where the funds are, the market is there. Whether it is to pull up or smash the market, the funds needed for the main force to consume at the same point are the same, the difference is the rate of return. The current main force, major ETF institutions, you can understand it by calculating the average buying price from January ETF approval to now.

Of course, because of the sudden surge in big cakes, at the moment when the floating profit is very considerable, Uncle San still decided to sell 10% of his big cakes. There are many new narratives in the market, and it is necessary to prepare enough chips in advance to engage with them!

As for whether the market will continue to rise violently or undergo a small range wash after the current situation is stabilized in the later stage, there is no effective indicator to determine. What Uncle San can do is to tell everyone clearly based on the existing macro conditions that the possibility of a black swan causing a market crash in the short term is very low. On the contrary, the biggest possibility is that various negative factors will induce everyone to get off the train, that's all.

This round of market is also rare. Today, many partners came to me and said that fortunately they believed my previous judgment. They bravely followed the trend in the process of continuous new highs and did not miss out completely, and got good results. Watching the market and doing the market means putting the trend in the present and holding positions with confidence.

After checking my own chips, I found that the minimum position of Bitcoin is 18,000, and a small part of Ethereum is 1,000. In any case, I still believe that the market will still be relatively low when I look back at it in half a year or a year.

There have been many positive news in the copycat sector recently. Whatever is listed on the Korean exchange has skyrocketed. You can pay more attention to the announcements of the platform and directly follow it as soon as possible. You can get a conservative short-term return of more than 30%, and the cost-effectiveness is still relatively high.

If I want to give you a risk warning, it is that if you still miss out, then continue to miss out in the short term. There is always a critical value for the risk-opportunity ratio. When the market exceeds 55,000 points, the price-performance ratio is no longer very advantageous.

BTC: Bitcoin broke through 52,800 points directly and rushed to 57,000 points. From the adjustment of the daily line during the day, Bitcoin is more likely to continue to rise after the opening of the US stock market in the evening. There is no top forecast at this position. Previously, one Grayscale directly led the takeoff of the entire market. This time, there are nine. The future is unimaginable. The daily support is 53,600 points. Logically, bulls are safe at this position, and there is no need to deliberately hedge.

ETH: The mainnet launch of the Ethereum Cancun upgrade is scheduled for March 13. Before that, it is expected to maintain short-term strength, and after that, it is expected to be long-term strong. The big short of Ethereum is expected to be after May. Although it is lagging in the short and medium term, it does not affect my idea of ​​supporting it. It crossed a small threshold of 3100 points again during the day. If it continues to move upward after adjustment, it will not be far from the target. The daily support is 2580 points, and the pressure level continues to look at 3400 points. Adjustments during the day, continue to pay attention. At present, the main force is on the big cake, and Ethereum will follow later.

SSV: Market value is seriously underestimated, pay proper attention. ​​​#热门话题 #BTC #theta #ETH #Launchpool $BTC