Today, the Bank of Japan officially withdrew from YCC and raised interest rates from negative interest rates to 0.1, which is basically an expected result.
The more important point is that the Bank of Japan continues to purchase government bonds. This shows that overall monetary expectations are still relatively loose.
Bitcoin has fallen sharply today, and altcoins have generally adjusted by more than 30 points in this wave. The short-term emotional catharsis should be almost over.
Bitcoin has adjusted to close to 15% from its high level. The important support is $62,000, and there will be a rebound.
If there is a rebound high point, it is a good opportunity for everyone to reduce their positions.
The market will not fall unilaterally, and the bull market is not over yet. If everyone is trapped in spot stocks, they will get out of the trap after a while.
Now there is no need to scare yourself and cut randomly
The reason why many novices lose money in the bull market is to chase hot spots, cut randomly, and always want to buy the one with the largest increase.
In fact, the first reason for dividing positions is that it is not clear which direction has the largest increase. Through the method of dividing positions, we can test which direction is the main line.
After finding the main line, optimize and adjust positions according to market adjustments to achieve an optimal allocation combination.
I adjusted my position yesterday and adjusted the direction of the second layer of Ethereum to vanry artificial intelligence + L1 public chain + Nvidia concept + metaverse + games.
For the logic of position adjustment, I believe that the main line of the entire market will still be based on the narrative trend of AI+. Vanry is the public chain of L1, and also superimposes the Metaverse, games, and NVIDIA concepts. The current market value is not very large.
Vanry's current market capitalization of about 388 million US dollars is comparable to the market capitalization of public chains such as sei and sui, which are several billion US dollars. There is a lot of room for imagination. I also learned from the experience of missing INJ. One yuan rose to six yuan, and I never dared to get on the bus. It ended up rising to $40.
I know that I may be trapped if I enter this position, and I am also prepared to pull back and continue to increase.
Everyone who is copying homework should also be mentally prepared for this.
Why do I dare to pick up this price at a high level? I think there should be at least 10 times or more room for growth in the artificial intelligence sector.
Therefore, I have to take the initiative to buy a set in this position.
The market has really adjusted this time. It is a good thing that the chips are changing hands after the adjustment. We must give the friends who are waiting for short positions a chance to get on the train.
Friends who have been trapped in this short period of time do not need to panic. The number of callbacks at this level in a bull market is at least multiple.
There is no need to guess where the bottom is or where the short-term high is, just keep a reasonable position.
It is not recommended to short all positions, nor is it recommended to fill all positions. The risk of emptying all short positions is very high.
People are greedy. They want to fall even more when prices fall. They always want to buy at the lowest point, and often miss out on the subsequent rising market.
Market reports today claimed that the Grayscale Bitcoin ETF had the largest net outflow in a single day, just as Bitcoin had another major correction today, which caused a certain amount of panic.
Let me tell you a little bit about what happened. Before the Bitcoin ETF was approved, the OTC ETF of Grayscale had already been established. At that time, they were the only ones in the market and there was no similar competition, so the management fee was very expensive, 2%. .
Nowadays, a large number of Bitcoin ETFs have been approved for listing. The competition is fierce, and peers have kept management fees very low. In this case, people redeem from Grayscale every day and then use the money to buy other ETFs.
Therefore, it is quite misleading to read news reports saying that Grayscale ETFs continue to have huge net outflows. They are deliberately editing the facts to highlight the views they want.
So what is the actual flow of funds in and out of Bitcoin ETFs? Gbtc is Grayscale, with a total outflow of 12441m, which is 12.4 billion. The remaining etfs have a larger inflow during the same period. The net inflow of both sides is 12 billion US dollars, but on March 18, there was indeed a net outflow of 154 million.
The overall trend is still a net inflow state. If the short-term increase is excessive, if you trim it, various small compositions will come out.
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