This order has ended because I need to go out, I don't have time to monitor the market. Additionally, I should have returned the individual account, so brothers please give a little more time.
Hua Zi is indeed a person who knows how to adapt to the times. Last night, he continuously transferred $ETH to Binance to repay on-chain loans and reduce leverage to ensure his survival.
On the other hand, yesterday, Ethereum's founder, Xiao V, sold 493 Ether, cashing out 1.16 million USD to exit the market. Additionally, he converted 5000 Ether into WETH. Historically, Xiao V's coin sales have usually been at high points, please be aware.
Finally, good morning everyone, please like this in the hope that the market will treat you better.
The bear market has dropped 90%, will the bull market return with a 2% rise? In a bearish trend, an increase is not a signal for you to go long and expect a reversal. Don't think everything is fine just because there’s a slight rise. Cherish today’s opportunities; many prices that seem low now will be seen as high points after a day.
In the past, I didn't understand why some people, even after being hurt, were unwilling to leave, until I personally stood at the top of the mountain and still haven't left.
I used to not understand why people in abusive relationships don't leave, until I carried burdens and told everyone that he would be better tomorrow.
Now, I earn a little every day, but I pay the price of cordyceps.
The biggest difference in this round compared to the past: BTC and ETH are still being discussed, while altcoins have become neglected and unable to sustain themselves. Moreover, many altcoins do not die just once; they die in cycles—many coins have dropped 90% from their peak and then dropped another 90%, and even at the floor, they can still be halved.
On one hand, everyone feels that buying something is not really buying, as many are attracted by memes; on the other hand, the narratives have dried up. Previously, we could still talk about DeFi, NFT, GameFi, AI, etc., but now many projects go straight to Alpha, starting contract operations after the airdrop ends.
Currently, BTC and ETH are actually declining slowly. In 2018 and 2021, it was a direct cut, clean and decisive. After hitting the bottom, they came back; now it's a slow grind with blunt knives cutting flesh day by day.
However, I don't think we should be too pessimistic. I've seen many places starting to discuss statements like 'crypto is dead.' The cryptocurrency space has a characteristic: no matter how mature it gets, there will always be an element of gambling. As long as there is panic selling, there will definitely be bottom fishing. When someone fishes for the bottom, new stories will emerge, leading to another round, so we must adapt to the trend and prepare for cyclical changes.
Originally, I thought Hua Zi was going to deliver takeout, but now it seems that Tom might go first. They hold 4.243 million ETH, with an average cost of 3849, currently facing a loss of about 1/3. Hua Zi holds 651,500 coins, with a cost of around 3180, currently facing a loss of about 475 million. These well-known institutions are really in danger, especially since Hua Zi has added leverage; we should not let our guard down until the leverage is removed.
In the past, I often faced liquidation and ended up with nothing; no matter how much I earned, I eventually lost it all, and I could withdraw very little. This has trained me to always withdraw some after each loss to spend a little. I view this as a gift of poverty.
As expected, $我踏马来了 , at this point, only you have not let down me and my brothers. I hope your efforts can bring a bit of warmth to the sad brothers today. #我踏马来了
At first, people just thought BTC was experiencing a small pullback, and that the bull market was still ongoing... until BTC broke below 60,000, 50,000, 30,000, 10,000, 5,000, 1,000...
Ten years later, when the child asks, "Dad, did Bitcoin really reach 126199 dollars?"
You, who are working on the construction site: "Yes, child, although Bitcoin is only 100 dollars now, I really bought Bitcoin when it was 126199 dollars."
Thinking about at least until Monday, but ended up starting early on the weekend.
币毒
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Bullish
Ethereum $ETH has a critical point of 2600 these days. If it breaks below 2600📉, it will head towards 2100-2200. If it doesn't break here and stabilizes, you can briefly enter to go long, but set a good stop loss.
Woke up, really can't believe it, bought a computer for 1500 with the national subsidy and called customer service to claim it, added subsidies and calculated various discounts to save 2300.
Didn't sleep well on the weekend, got up in the middle of the night and did a live stream, lost 50 computers🤯
In the last round, $LUNA shattered three arrows, and this round $ETH has made Huazi bow down. Isn't that reasonable? On the exchange side, the last round saw the collapse of FTX, what about this round?
The threshold for the Aster 10K Club has further declined due to the drop in the price of $Aster, currently around 6000 USD. Once again, I reiterate that everyone should use spare money, money that can be left untouched for 3-5 years, to invest. On-chain exchanges will definitely be a key part of the next narrative and will have a place in the future. #ASTER
Ethereum $ETH has a critical point of 2600 these days. If it breaks below 2600📉, it will head towards 2100-2200. If it doesn't break here and stabilizes, you can briefly enter to go long, but set a good stop loss.
Have you played Dou Di Zhu? Four twos and two kings are in someone else's hands, and you chose to show your cards right away. This is the situation faced by those who shorted $RIVER a few days ago.
Countless heroes in the martial arts world have stumbled while shorting $RIVER, including many hedged KOLs, but no one mentioned $RIVER for two days. I just glanced at it; it dropped from a high of 86 and then halved down to 33 dollars.
Do you regret it? Are you frustrated? Do you think you should have insisted on shorting more? Don’t be foolish; insisting will only lead to greater losses. RIVER is a market with a limited total supply, tightly controlled and combined with staking. Everyone knows it will drop, but you can't know exactly when it will drop—perhaps in the dead of night.
In fact, it's not just RIVER; many situations are like this. So before choosing an asset, you must think clearly about the odds of winning when the four twos and two kings are in someone else's hands.
The cryptocurrency market is stagnant, and CZ is taking the blame for Binance. Gold and silver have dropped to the level of altcoins; who is to blame? According to this theory, I should be seeking justice for the COVID-19 pandemic in 20312.
People always like to find excuses for their mistakes. If you are long, you obviously think everything is wrong, but what if you are short? Most people are far less noble than they imagine; their positions determine their decisions, and their decisions determine their thoughts.
In a bull market, logic = value investing. In a bear market, logic = conspiracy theories. When prices rise: the project is amazing, the narrative is unbeatable, the founder has a great vision. When prices fall: the exchange is malicious, the project team has run away, capital is manipulating.
But very few are willing to admit a simpler fact: they misread the cycle and this is a savage jungle market where all sorts of black swans can appear at any time.
Accepting this point is the true beginning of trading.