The approval of ARK’s Bitcoin ETF spot, which was originally scheduled for August 13, has been postponed. This should be expected. The SEC is still very worried about the supervision of Bitcoin or digital currency. After all, there were too many risks in the cryptocurrency circle last year. Therefore, the postponement did not bring too much volatility to the market. The focus of this premium is still on BlackRock.
SBF, who has an afro, should have been arrested and put into a sewing machine. The reorganization and disposal of FTX after bankruptcy liquidation is now a more important matter. It is reported that the current melee is not going well because the uncontrollable risk of giving the creditors' $2.6 billion of funds to crypto market makers to make markets in the market is still very large, so there is no further disposal plan. However, the creditor group will definitely push for a buyer again. No matter how small a fly is, it is still meat. No one wants to disappear like this.
The big pie is now stuck at 29,000-30,000 and cannot move. However, small coins have been rampant recently, and they are flying around on weekends. Last week, YGG and this week, LPT. The dog dealers could not get profit opportunities from the big guys, so they started to cut the small guys. Therefore, the most important strategy at the current stage is to hold positions. The market is already so bad, how bad can it be? Who knows which small guy the funds will take a fancy to, and the pie will come. In fact, if you look closely at several popular currencies recently, especially LPT and YGG, the K-line trends from the end of 2021 to the present are very similar. Friends who like to study can look for similar patterns, which may be the next big pie.
Today's Fear and Greed Index: 50 (Neutral) #BTC