The contract god, known as Target Brother, opened 3,500 BTC contracts on Binance, and held 3,575*7.2=2.5 billion RMB in long contracts

This is too outrageous, one person opened 360 million u contracts. .

This big plate just won't drop,
When I chase up, it can drop immediately.
When I cut, it can rise immediately.
What kind of force is invisibly draining my blood,
I'm tired.

Big shock market
90000-100000 shock every day

Nasdaq rises to 20,000 points, a 200% increase over 3 years
Musk becomes the world's first person with a net worth of $400 billion

The US CPI data has been released, all in line with expectations
This is how the big fluctuations will be
Every day there are ups and downs, back and forth fluctuations
First half of the year 60000-70000
Now 90000-100000
Daily ups and downs

Later at 21:30, the US CPI data will be released.

I guess it should be announced as 2.7%, in line with expectations.
Then the Bitcoin price will fluctuate up and down by $1500, or 1.5%, and that will be it.

After that, there will be the Federal Reserve's third rate cut on December 19.
Then there will be nothing more, as Christmas will have everyone on a long holiday.

Bitcoin ETF has daily net inflows
Ethereum ETF has daily net inflows
But the market has been declining for the last three days
Rise is also BlackRock, fall is also BlackRock

Note the risks 96000+9000=105000 is the peak
96000-9000=87000 is the bottom
Back and forth big fluctuations, similar to the 55000-72000 fluctuations in the first half of the year

Microsoft voting results: Opposing investment in Bitcoin
This market is not interesting, it is recommended to take profits on swings
Stop looking, go wash up and sleep early

Microsoft's Bitcoin investment proposal will take place tonight at 0:30
Whether Microsoft buys Bitcoin depends on tonight
Very important, because MicroStrategy can no longer lead the way
Larger companies need to get involved, and Microsoft is one of the world's largest companies

Seeing some newcomers who haven't seen the world, this kind of market scares them.
This is nothing, such a market doesn't even rank in the history of the crypto world.
No bad news, no news at all, just a pure dump of contracts and long positions.

The anniversary of the crash in China on May 19, 2021.
Bitcoin dropped -30% in one day, Ethereum dropped -50% in one day.
Altcoins generally dropped -50 to -70%; it was a day of total collapse.
It's not like now where Bitcoin only dropped -2% today,
Ethereum dropped -8%, and altcoins dropped -20 to -30%, this is normal in the crypto world.
It doesn't even rank in historical terms.
The crypto world is known for its volatility; it's a circle of dramatic rises and falls.
You can't only think about rising, nor can you only think about falling.
You're here to make money; learn to keep your profits and master compound interest.
Both being overly long and overly short will ultimately lead to losses.
Han Muxia made tens of millions in 2021, but lost everything in 2022's bear market.
Making money isn't that easy.
Spot traders are fine; they aren't afraid of such contract crashes.
If you can't keep the money you made in contracts, aren't you just a joy bean?
The famous Liangxi made 50 million at 17 in 2021, now in debt for tens of millions, lost over a hundred million overall. Why??
Because he couldn't keep the profits and kept going all in. Many people cashed out at 100,000 to buy cars and houses; those people are the smart ones, turning profits into cash.
In the crypto world, it's about who lasts the longest.
In the first half of the year, from March, the price fluctuated between 55,000 and 74,000 for months, causing many to lose everything.
Later, it fluctuated between 86,000 and 104,000 for two months, and many would also lose everything.
When the price is at 20,000 dollars, a 20% fluctuation over two months can drive you to despair.
Contracts are not spot; contracts are gambling; the money you win needs to be cashed out and kept.
Making money - cashing out - buying cars or houses in cash is what truly belongs to you.
Keeping it in the account is all just joy beans.
A chip in Macau doesn't last for a few minutes.
Why can 90% of people win in contracts as long as they don't lose money?
Because many people are too greedy,
They can't keep their profits, but they always have losses.

The previous cryptocurrency market: Bitcoin and Ethereum altcoins experienced a day of 24-hour crashes, a day to buy in and get rich after the drop.

Now in the cryptocurrency market, on the night of the 12.5, Bitcoin soared from 96,000 to 104,000, and before anyone could wake up, it plummeted to 90,000 in just a few minutes.
You must think the major correction has ended after such a sharp drop.
However, five days later, Ethereum experienced a major crash from 4,000 to 3,500.
Altcoins generally dropped by 20-30%, and if you were playing with leveraged altcoin contracts, you would have been liquidated.

Moreover, if you look at BlackRock's ETF, it still has net inflows, and MicroStrategy is buying Bitcoin for 2 billion, chasing the highs and causing losses.

The market outlook shows significant volatility, with fluctuations between 90,000 and 100,000,
similar to the major fluctuations in the first half of March when it was between 60,000 and 70,000.
In ten days, it will be Christmas, and even if there is a market, it will take 25 years.
The torturous volatility is back again.
No worries, just do some swing trading by buying low and selling high.
Be content and happy.

Bitcoin's crash anniversary comes days after the drop
Today, 8 billion in long positions were liquidated in altcoins
The crypto world has changed
On the 12th, Bitcoin dropped from 104000 to 90200, while altcoins like Ethereum did not follow the drop

Today, on the 10th, Ethereum and altcoins dropped by 10-30%, while Bitcoin did not follow

When a few days of gains are swallowed by a single day of crash
You need to be a bit careful, don't get overly excited
Important events below
On the 11th at midnight, Microsoft will vote on whether to buy Bitcoin
On the 18th, the Federal Reserve will hold an interest rate cut meeting
On the 25th, Christmas, everything will be on holiday
After 100,000 Bitcoin, after 4,000 Ethereum
It feels just like the hard-to-play Bitcoin at 70,000 in March earlier this year

On December 9, Michael Saylor, the founder of MicroStrategy, posted on social media stating that MicroStrategy has increased its holdings by 21,550 bitcoins at an average price of approximately $98,783, with a total value of around $2.1 billion.
As of December 8, 2024, MicroStrategy holds 423,650 bitcoins, with a total purchase cost of approximately $25.6 billion and an average purchase price of about $60,324.

This old man has gone overboard, spending $14 billion in 30 days.
Many were bought at $95,000 and $98,000.
His early cost was over $20,000, and now the cost is $60,000.

The main buyers are BlackRock ETF and MicroStrategy
The main sellers are long-term holders, miners, etc.

Buy big, buy small, buy and leave

39 minutes ago
On December 9th, according to Coinglass data,
if Bitcoin falls below $98,000, the cumulative long liquidation intensity on major CEXs will reach $1.214 billion.

Conversely, if Bitcoin breaks above $100,000, the cumulative short liquidation intensity on major CEXs will reach $136 million.

Binance has launched the largest event in history
I have participated and collected the golden ball
I have qualified for the lottery
Everyone can participate to win a Lamborghini SUV

Many people asked me what APP I use
Picture 1 is Rhythm News
Picture 2 is Jinshi Data

Both are very useful and a must-have in the cryptocurrency world

The unemployment rate was announced at 4.2%
The number of employed is a bit better, slight positive

102000-90000=12000 dollars big correction drop to deleverage
It's just pure dumping to deleverage
The only data in this is the funding fee, and the funding fee was really high yesterday
Okex's funding fee was as high as 0.12% yesterday, with annualized arbitrage reaching 130%, which is really too high. Therefore, there was a sharp drop in contracts for a few minutes in the morning due to deleveraging behavior. In the crypto world = spot + contract leverage.
Such sharp drops to deleverage will occur in the contract market.
After the ETF, this situation has decreased,
but deleveraging will still occur.
When the market reaches 100,000, leverage needs to be lower. If there is a slight fluctuation, the coin price will come back, and the position is gone. This is why contracts are difficult.

Yesterday, the unprecedented funding rate on OKEx was +0.12%
Bitcoin first surged to a high of 104,600 during the day,
then plummeted to a low of 88,600 in the early hours of the night.
The back-and-forth movement created a range of 104,600 - 88,600 = 16,000 dollars.
There was no subsequent news, similar to the pure liquidation of leveraged contracts like in the first half of the year from March 24 to 5, where it dropped from 69,000 to 59,000.

Tonight at 21:30, unemployment rate data will be released.
Last month, the unemployment rate in October was 4.1%, and this time it's expected to be 4.2%.
A result of 4.1% would be considered positive,
a result of 4.2% would be considered normal expectation,
a result of 4.3% would be considered negative.