What are the thunderbolts that could deepen the crypto bear market?
1) The #Federal Reserve may not lower interest rates in December; they have only lowered rates twice in the past 26 years. The market liquidity is severely constrained.
2) How much of a correction will there be in the #US stock market?
3) Mentougou still has 34689 $BTC to sell. At the current price, it is worth about 3.1 billion USD.
4) Qian Zhiming, who was arrested by the British police, has 61000 $BTC, which should also be sold. Its current value exceeds 5 billion pounds.
5) The subsequent impact of the 1011 epic crash, with a continuous increase in projects going bankrupt and projects experiencing financial crises.
6) The risks of microstrategy companies in the US, such as $MSTR and $BMNR, are currently facing high-priced companies hoarding $sol and preparing to sell $sol.
6) Geopolitics, the China-Japan crisis, the Russia-Ukraine war, and the US attacking Venezuela.
Discipline and Skills for Doing Contracts by Yourself
1) The best leverage for contracts is not to exceed 10 times; 2) The initial position should not exceed 20%; 3) Recommended contracts: $BTC > $ETH > $SOL. In extreme market conditions, trading has depth, and the fluctuations are limited compared to other altcoins; 4) Only do one token for contract opening; 5) Focus on limit orders, mainly long positions and short positions. High prices must have a pullback, low prices must have a rebound; 6) Set stop-loss and take-profit prices; 7) When emotions are unstable and the situation is not good, do not trade; 8) Do not make more than 3 trades a day, and do not frequently open positions in a short period of time. 9) After a major drop that occurs once every six months, you can buy the dip in the spot market and do contracts in coin-based. Sell the spot when prices rise.
According to Coinglass data, in the past 24 hours, CEX has experienced a cumulative net outflow of 184,700 $ETH, with the top three CEXs by outflow as follows:
· Binance, outflow of 135,300 ETH; · Coinbase Pro, outflow of 24,300 ETH; · Kraken, outflow of 21,400 ETH.
In addition, Bitfinex had an inflow of 9,696.53 ETH, ranking first in inflows.
The U.S. House of Representatives will vote tonight to decide whether to end the ongoing 42-day U.S. government shutdown. (4 PM Eastern Time on Wednesday, which is 5 AM Beijing time on Thursday) Once the government reopens, the market will receive clearer data, which may help alleviate some of the current pessimistic uncertainty.
Currently, the panic index is 23, $BTC $ETH $SOL can take a small position to bet on a rebound.
Look at the liquidity settlement chart for the last 3 days $ETH Should touch 3680 Is it possible to break through and continue to rebound? Personally, I am not optimistic.
$BMNR purchased 110,000 $ETH ETH (approximately 385 million USD) last week, bringing its total holdings of $ETH to 3.505 million (approximately 1.242 billion USD).
However, its comprehensive cost for $ETH has reached 4,020 USD, currently resulting in a significant unrealized loss of 1.66 billion USD. This increase in holdings is a behavior to lower the average price.