User-3dcdf鱼鹰

【Four-Year Cycle Total Engraving Series (20)】

In 2015, the indicator value was 27.3%
In 2018, the indicator value was 27.5%
In 2022, the indicator value was 27.4%
Currently, the indicator value is 26.9%

┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐

The indicator at the top of the chart is the BTC price; the indicator at the bottom of the chart is the market value of long-term holders' coins that are currently in loss as a percentage of the total BTC market value

(Note: Bitcoins that have not moved for over 10 years on-chain are considered long-term dormant or lost and are excluded from the calculation)

【Four-Year Cycle Total Engraving Series (20)】

In 2015, the indicator value was 27.3%
In 2018, the indicator value was 27.5%
In 2022, the indicator value was 27.4%
Currently, the indicator value is 26.9%

┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐

The indicator at the top of the chart is the BTC price; the indicator at the bottom of the chart is the market value of long-term holders' coins that are currently in loss as a percentage of the total BTC market value

(Note: Bitcoins that have not moved for over 10 years on-chain are considered long-term dormant or lost and are excluded from the calculation)

Why does the country implement transfer payments?
Is it really because the coastal cities in the east are subsidizing the central and western regions?
Is it really unfair to the coastal areas in the east?
Why is Shanghai so wealthy? What are the reasons for it being the largest economic city in our country?
After reading this in-depth article, you'll understand, with over 30,000 likes.
The examples given here:
If you buy an Apple phone at Taikoo Li in Chengdu, the value-added tax goes directly to the Shanghai treasury; if you work at Foxconn in Zhengzhou, the tax from the price difference earned by the boss also goes to Shanghai; if you order from the Apple official website on a certain online shopping platform, the tax bill goes straight to Pudong—do you know why Shanghai's GDP is high? Because Shanghai doesn’t need to sell goods; just collecting taxes allows it to win nationwide effortlessly! Shanghai is a high-end manufacturing city and a place where foreign companies like to set up their China headquarters.
Some say: It’s a market economy, so if the company headquarters is in Shanghai, the tax naturally goes to Shanghai. But the truth is—this is not a matter of market choice; it is a man-made design of the tax distribution system! iPhone case: For the phones assembled in Zhengzhou, the customs duties and the value-added tax from the first distribution are all collected by the central government, and then... can you guess how this money is distributed?
Shanghai takes the lion's share! Because Apple’s China sales company is registered in Shanghai. In the past, it was possible to rely on provincial distributors to retain some tax, but now with the impact of e-commerce and the rise of live streaming sales, the brand side ships directly from the official website, and the tax money immediately goes into the eastern accounts, leaving the central and western regions with nothing.

Drunk on fake liquor? France wants China to sign a Plaza Accord!!
France is reportedly trying to get China to sign a Plaza Accord, which is hard to believe considering how much fake liquor they must have consumed to attract attention. Recently, France's official consulting agency submitted a policy proposal to the French government, claiming that the European industry is facing a survival crisis. China accounts for one third of the global manufacturing share, while Europe only accounts for fifteen percent. Fifty-five percent of the manufacturing output in the EU market is facing competition from China.
So they proposed two plans. Plan A is to push for a comprehensive thirty percent tariff on China, and Plan B is to promote a depreciation of the euro against the yuan by twenty to thirty percent, which is what is known as the Plaza Accord. Why is it always France jumping up and down about this?
Because France is currently facing a strong impact from China in the global industrial ecosystem. In Europe, Germany's high-end automobiles, precision machine tools, and chemical industries have a protective moat. Although they also face competition from China, they still have some meat on their plates. Italy, Spain, and China have a strong industrial complementarity, meaning they are already lying flat without direct competition, while Eastern Europe is quietly profiting from China's production capacity, leaving France as the only major country in Europe struggling.
With no meat left for them, their own industry is suffering, and frankly, they can't rise high or sink low, so they are anxious. But their anxiety is futile; at most, they create a loud noise to disgust others and embarrass themselves. Firstly, France does not have the capability to push for comprehensive tariffs on China, as this possibility has already been locked down by the EU's trade system.
The EU's common commercial policy has stripped member states of their trade policy-making authority. Tariffs fall under trade policy, so the decision-making power for tariffs lies in Brussels, not Paris. Therefore, even if France jumps up and down, it cannot impose even one euro in additional tariffs on Chinese goods.
A typical example is in October 2024, when France pushed for a vote on EU electric vehicle tariffs, with ten votes in favor, five votes against, and twelve abstentions. The bill was barely passed in the end. However, it should be noted that our country openly opposed it, and twelve countries turned silent, which created a situation where France was left in the hot seat.
As for our countermeasures, they were precisely targeted, and the tariffs that France meticulously pushed for have now been canceled. So can we see if France has the ability to push for the so-called Plaza Accord? Abstract!!
When the five Western countries signed the Plaza Accord, the Cold War confrontation was fierce, and both the US and Soviet economies were somewhat shaky. Under the influence of Reaganomics, the US trade deficit hit a record high, so to save the Western leader from being pushed over by the Soviet Union, the UK, France, Germany, and Japan reluctantly agreed to appreciate their currencies.
Now, France thinks it can make others cooperate with it to depreciate the euro? Perhaps even the US would not agree, and then label it as a currency manipulator. Can France even decide the euro's exchange rate? Has it consulted the European economic locomotive, Germany? Is the European Central Bank theirs to control?
France's current status does not seem to have reached the point where it can decide the euro's exchange rate. Therefore, the ideas put forth by these advisers are fundamentally bad ideas that are not only impractical but also merely provide more ridicule.
What can truly save the French economy is not imposing tariffs on China, but rather honestly controlling fiscal spending, quickly upgrading industries, and enhancing its own competitiveness, rather than just making a scene here, which is rather unambitious.

It's still not a good idea to strive hard in the current environment; once you start putting in effort, you might end up causing a huge mess. I came across a young lady who spent 220,000 yuan last year to build a charging station with eight guns. The total electricity charged amounted to 160,000 kWh, generating 195,000 yuan in charging revenue. After deducting the annual electricity cost of 135,724 yuan, and considering eight parking spaces that bring in 5,000 yuan per month (60,000 yuan annually), the net result was a loss of 724 yuan. Then, further deductions include promotional discounts of 3,671 yuan, service fees and commissions of 898.75 yuan, channel fees of 1,184.3 yuan, and other expenses of 470.53 yuan. In the end, this young lady worked hard all year, earned nothing, and actually lost 3,256 yuan. Online comments were even more heartbreaking: 'Look at this mess—almost made it to a better life.' 'I envy friends who invest in stocks; they can lose money just by lying around. How come these people have to work hard, rise early, and stay up late just to lose money?' 'I truly envy these entrepreneurs who lose money in such a clear-cut way.' $BNB

As a general manager, I still envy ZEC. When it goes up, there are government shutdowns, there are seizures of BTC by Chen Zhi, and there are calls from Naval. When it goes down, there are also development teams leaving—this is a long-term benefit.
As a "COIN", once it was created, there really isn't much for the development team to do anymore.

If BTC is the best gift for those born in the 80s and mid-90s, then ZEC is the best gift for the highly educated born in the 00s and 10s. The 80s and 90s want decentralization, they want fairness. The highly educated born in the 00s and 10s not only want decentralization but also privacy; privacy is a higher form of fairness.

I don't believe all of this is a coincidence; I think it is a new king created after BTC. There will be more narrative events, and the more there are, the stronger the consensus will become.

Binance can perfectly withdraw funds now!
Directly in the USDT-USD trading pair, exchange USDT for USD fiat currency, and then withdraw USD to your bank card. Wire transfer incurs no fees, although it is slow, it is stable and secure.

What principle? How can it be so small? Is it a small sun? Miniature small sun?

The follow-up to the incident has arrived.

The parties involved accepted an interview with China News Weekly, confirming that their bank card was frozen by China Construction Bank due to adding the phrase "Dogecoin" when transferring 250 yuan in pocket money to their husband.

Currently, the party whose card was frozen has submitted their husband's bank statements and a handwritten letter of commitment to the bank, applying for the lifting of the account freeze.

However, the bank responded that cases involving virtual currencies that trigger risk control cannot be unblocked and can only be canceled.

I would rather believe that Bitcoin will reach 1 million than believe that Ethereum can reach 100,000!

The Ethereum public chain is really too difficult to use, it's incredibly slow and the gas fees are high. Besides being an early leader, having the largest ecosystem share, and decent security performance, the user experience is very poor.

There are also a bunch of L2s running in parallel and a bunch of parallel public chains. There's also inflation, with 2,600 added every day. If it rises to 100,000 each, that's an increase of 260 million a day. I won't calculate for a year; who will take over? TOM won't, he will definitely cash out and run away.

Just like in 2022 when Coinbase went public, all the executives collectively cashed out tens to hundreds of billions. Although they were questioned, they didn't break any laws; they've already made their money, leaving the bag holders trembling at the high positions.

If you are optimistic about Ethereum, please stick to your beliefs and just ignore what I said.

I can't make this money if Ethereum reaches 100,000, but I can make it if Bitcoin reaches 1 million.

In a few years, when the international financial crisis hits, it will be a complete mess!

$BTC

The bull market is over!!!
This round of bear market decline
may retest the support at 15,000
A 90% drop in the crypto world is normal
Don't think that Bitcoin at 120,000 won't drop

The news of the sudden explosion of the Malaysia Airlines MH370 case, which has been missing for more than 11 years, has just been officially announced by Malaysia to restart the search for the wreckage on December 30.

In simple terms, this shocking news that has caused a stir across the internet is essentially a ray of hope for the families of the MH370 passengers who have waited nearly 12 years, as the Malaysian government has officially confirmed the restart of the wreckage search on December 30. This long pursuit of truth that has spanned over a decade is finally set to embark on a new chapter.

Rewind to the early hours of March 8, 2014, when Malaysia Airlines flight MH370 took off from Kuala Lumpur International Airport bound for Beijing, carrying 239 vibrant lives.

At 1:19 AM, the crew made the last communication with the Kuala Lumpur control center, saying "Good night, Malaysia 370," after which the transponder of the Boeing 777 was manually turned off, and it vanished from the radar screens.

Military radar data indicated that it did not continue north towards Beijing, but instead made a sudden right turn and flew west over the Malay Peninsula, entering the Strait of Malacca, passing through multiple navigation points before finally heading south into the deep Indian Ocean.

What is even more puzzling is that at least within 5 hours after it went missing, the satellite data unit on the plane intermittently communicated with the satellites of the International Maritime Satellite Organization, and these intermittent signals became crucial clues in the search for it.

On March 24, 2014, then Malaysian Prime Minister Najib announced based on satellite data analysis that flight MH370 "ended in" the southern Indian Ocean, but this conclusion was initially met with skepticism due to the lack of physical evidence.

An unprecedented multinational joint search was launched immediately, with 25 countries sending 160 ships/aircraft to participate, including 13 aircraft and 19 vessels from China.

The initial search and rescue operations were conducted in the South China Sea and the Strait of Malacca, quickly focusing on a vast arc-shaped area in the southern Indian Ocean defined by satellite "handshake" signals, covering an area as large as 1.12 million square kilometers, equivalent to the entire Inner Mongolia Autonomous Region.

The search efforts shifted from the surface of the sea to the seabed, where the average depth exceeds 3000 meters, with some trenches reaching depths of 6000 meters; the seabed terrain is complex, filled with seamounts and canyons, making the search as difficult as finding a dropped needle with a flashlight in a pitch-black gymnasium.

The search team deployed the most advanced underwater autonomous vehicles, deep-sea scanning equipment, and side-scan sonar, but by January 2017, when the official search was called off, the main wreckage was still nowhere to be found.

The only concrete clues came from fragments washed ashore by ocean currents. On July 29, 2015, a piece of aircraft wing debris found on the beach of Réunion Island was confirmed to "strongly suggest" it came from MH370.

In the following years, dozens of fragments were found in Mozambique, Tanzania, South Africa, and other locations, silently proving that MH370 had disintegrated somewhere in the southern Indian Ocean, but the main wreckage remained buried deep underwater.

In January 2018, the Malaysian government collaborated with the company "Ocean Infinity" for the first time to restart the search under a "no find, no fee" model, scanning over 112,000 square kilometers of seabed within 90 days, ultimately resulting in failure.

In July of the same year, Malaysia released a 495-page final investigation report, pointing out that "the aircraft control devices may have been deliberately manipulated," but "could not confirm who should be held responsible," and there were also "no suspicious aspects" regarding the captain and co-pilot's backgrounds, seemingly closing the door to the truth.

However, the desire for the truth has never ceased, especially for the families of the 154 Chinese passengers. Over the past decade, many have refused to reconcile, insisting on "better no compensation than the truth," and their voices have become an important force driving the search's restart.

A turning point appeared in 2024, when the underwater detection company "Ocean Infinity" submitted a search plan based on new data analysis to the Malaysian government after continued research. The company's CEO, Oliver Plunkett, stated that he is "now confident" about finding the aircraft.

In December 2024, Malaysia agreed in principle to restart the search; in March 2025, the final agreement was approved, with Malaysia's Transport Minister Loke Siew Fook stating that the government assessed the plan to be "credible," fulfilling a commitment to the passengers' families.

According to the service agreement signed by both parties on March 25, the new search operation will be conducted intermittently over a total duration of 55 days, focusing on a new area of 15,000 square kilometers in the southern Indian Ocean, which is only about 13.4% of the area searched in 2018.

Technological upgrades are also in place, with plans to deploy a fleet equipped with the latest autonomous underwater vehicles, and there may even be a "dual AUV configuration" for collaborative searching, significantly enhancing detection efficiency and accuracy.

The cooperative model continues with the "no find, no fee" commercial risk model, where "Ocean Infinity" will only receive a $70 million reward if substantial wreckage is successfully found, and no fees will be required if nothing is found.

Although the restart brings new hope, the core mystery surrounding MH370 remains unsolved. Over the past decade, various speculations have emerged, but they have all been weakened or denied to varying degrees by evidence or investigations.

The hijacking theory lacks motive and extortion information, and the plane did not fly to any available landing locations; the fire/malfunction theory is difficult to explain the complex prolonged manual maneuvering; the captain's responsibility theory also lacks concrete evidence to support it.

As the investigation report repeatedly emphasizes, the final answer may rely solely on finding the main wreckage of the aircraft, especially the black box that records the last moments of voice and data, which is also the core goal of this search.

A statement from a family member of a missing passenger represents the voice of all: "At least taking this step is commendable; I hope we can find it this time." In this simple statement lies 12 years of anticipation and torment.

Beneath the waves of the southern Indian Ocean lies the deepest mystery in modern aviation history. The deep-sea expedition set to begin on December 30, 2025, is not only a search for steel wreckage but also a quest to retrieve the truth washed away by time.

This pursuit that spans 12 years has long surpassed the simple search for wreckage; it is humanity's unyielding exploration of the unknown abyss, the difficult fulfillment of the promise of "never giving up," and an opportunity for the 239 victims' families to end their tragedy and find solace.

Everyone thinks that if the funds are larger, it should be held in the form of USDT or USDC. I've heard that USDT has higher risks, while USDC has a more transparent regulatory system. #香港稳定币新规 #加密市场反弹 #

Many people were trapped in this burning building and couldn't escape in time; some even made phone calls. Over 200 are missing and are likely to have perished.
Last night it was reported that 279 people were missing. At first, I thought I saw the fire and everyone ran down the stairs, but it turned into chaos and people got lost; slowly they will be found. I thought it was just a few dozen people dead.
However, after seeing some news, some people said they were outside while their family members inside didn't notice to escape. When they realized they needed to run, the hallway was filled with smoke and they couldn't get out. They were on the phone with family outside while the fire raged, and the wet towels they had were drying out. The call might have dropped, and it was reported as missing. This is likely to be very serious.
If more than 200 people ultimately died, it would be an unprecedented tragedy in Hong Kong's history. Moreover, it happened right before our eyes; it's too tragic. So many people were waiting for rescue upstairs, but there was no way to save them, ultimately going missing...

J.P. Morgan and BlackRock are secretly making big moves! Your Bitcoin halving wealth may have already been priced!

Crypto friends, something big has happened! I just came across some explosive news that almost made my phone drop—J.P. Morgan and BlackRock, the two top figures on Wall Street, have quietly issued a structured product specifically pegged to the Bitcoin halving cycle! In simple terms, they have packaged a Bitcoin ETF into a four-year 'financial package' that claims to guarantee a 16% return, and even if it drops, you won't immediately incur losses; they can defer the accounting until 2028!

Doesn't that sound incredibly generous? But let me tell you, this situation is deeply concerning! This is not about providing warmth to retail investors; this is institutions calculating the timing to harvest us 'cycle believers'! They know we believe in halving and bull markets, so they design a product that makes you willingly lock up your assets for four years. If you profit, they collect management fees; if you lose, you bear the burden. That so-called '30% downside protection' is just a line drawn to keep you from running away, right? During these four years, you can't move amidst the wild ups and downs—this is called 'protection'? This is called 'kidnapping'!

Think about it, people who jumped in at the peak of the last bull market took three years to break even. This time, they are making you gamble until 2028, during which policies, black swans, and institutional sell-offs—aren't any of these sharp knives? They have figured out that we retail investors 'want to earn but are afraid of losing,' using 'capital preservation and high returns' as bait, when in fact they are trading your time and opportunity cost for their stable management fees!

Don't be fooled by the institutions' sugar-coated shells. The true value of Bitcoin is freedom and transparency, not being packaged into complex products to harvest us again. If you haven't even figured out candlestick charts and position management, what makes you think you can outplay the top actuaries of J.P. Morgan?

There’s a saying: In the market, what is visible is profit, and what is invisible is the game rules. When you think you've found a bargain, it's best to check if your wallet is still there.
Follow me for insights; I will tell you how to use 'institutional thinking' to fight back during the halving cycle! #加密市场反弹 $ETH

Let's discuss a question: why is there such high M2 growth in our country, yet we don't feel any inflation in our daily lives?

$BTC brings some faith to everyone, Saylor has recently released a picture where he sits on an orange lifeboat, with the overturned Titanic behind him, icebergs colliding, the ship breaking apart, and seawater engulfing it, passengers in a panic. He captions it with 'HODL' (Hold On for Dear Life), metaphorically suggesting that the traditional financial system is doomed to sink like the Titanic, while Bitcoin is the only lifeboat. He calls on investors to remain calm and hold firm during market crashes and panic selling, betting that BTC will lead future wealth preservation.

During this time, old coins like ZEC, FIL, and XMR have all been fluctuating, so I’m very curious about what the great king EOS has been doing.

Unexpectedly, the founder is researching the Third World War and the apocalypse, and has even opened a YouTube channel, creating 100 episodes discussing this, telling everyone that the world is going to end.

In comparison to Vitalik next door, he is also researching taxis.