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A new day, rooting in the value soil of blockchain with Bitroot🌱! Every technological iteration is a mark of growth, and every consensus reached is the confidence to move forward. There is no need to worry about the unknown ahead; focus on deep cultivation in the present, let trust be grounded in a distributed world, and allow value to settle in the digital tide. Bitroot is with you, sailing towards the future with technology! #加密市场反弹 #加密市场观察 #ETH走势分析
A new day, rooting in the value soil of blockchain with Bitroot🌱! Every technological iteration is a mark of growth, and every consensus reached is the confidence to move forward. There is no need to worry about the unknown ahead; focus on deep cultivation in the present, let trust be grounded in a distributed world, and allow value to settle in the digital tide. Bitroot is with you, sailing towards the future with technology! #加密市场反弹 #加密市场观察 #ETH走势分析
The day of interest rate cuts is very likely to be when BTC plummets!
Gerry - The Listener Why say this? Four major signals are already in front of us:
1. Order book pressure is enormous - a massive sell-off of 94,000 is crazily piling up above, the air is starting to solidify. With the main force pressing down so clearly, want to rush past? Difficult!
2. ETF still had a net outflow of 60 million dollars even when the price rebounded yesterday. Who is buying? Retail investors, large holders. Who is selling? ETF institutions. The funding structure has already told you: this is not a healthy rise.
3. The bullish volume in the four-hour chart continues to decline. A rebound is a rebound, but the strength is weakening. The space is limited, and sustainability is even more concerning.
4. The third attempt to break 94,000 is very likely to fail. Market iron law: if three attempts fail, there will definitely be a major drop. This position is not pressure; it is an iron curtain.
So I say - today's interest rate cut is very likely not a celebration of a bull market, but the beginning of a main force harvest. #美联储重启降息步伐 #BTC
The BitConnect scam was a classic cryptocurrency Ponzi scheme that ran from 2016 to 2018, involving an amount of $2.4 billion and affecting investors from 95 countries.
The founders, Satish Kumbhani and others, created the cryptocurrency lending platform BitConnect, fabricating the concepts of "exclusive trading bots" and "volatility software." They claimed that once investors deposited their funds with the platform, this system could profit by capturing fluctuations in the cryptocurrency market, also promising daily interest of about 1% and monthly interest of up to 40% in compound returns, thus attracting a large number of investors. In the investment process, investors needed to first transfer Bitcoin to a wallet controlled by the platform, exchange it for the platform-issued BCC tokens, and then "lend" them to the platform to obtain the so-called "returns."
Investigations confirmed that the platform had no trading technology capable of delivering high returns, and the so-called trading bots were merely a facade for the scam. Its essence was to use the funds from new investors to pay the "returns" to old investors, while the team would also manipulate the price of BCC tokens, creating a false impression of high demand for the tokens and the reliability of the investment. During this time, the price of BCC tokens once soared to over $400, and the platform's peak market value reached $3.4 billion.
In early 2018, the Texas Securities Commission and regulators from multiple countries noticed anomalies, issuing an emergency ban on the platform and launching an investigation. In January of the same year, the platform was forced to suddenly shut down its core lending operations, leading to a 92% plunge in the price of BCC tokens within 24 hours, with its market value evaporating by $2.6 billion, causing countless investors to suffer heavy losses.
After the scam was exposed, those involved were pursued globally. Glenn Arcaro, a major promoter in the U.S., was sentenced to 38 months in prison and ordered to compensate 800 victims with $17 million; founder Satish Kumbhani was indicted by the U.S. Department of Justice in 2022 but remains at large. In February 2025, the Indian Enforcement Directorate seized $198 million in cryptocurrency and some cash, luxury cars, and other assets related to the scam, but a significant amount of investor losses worldwide have still not been recovered. Additionally, the scam has triggered multiple class-action lawsuits and has prompted improvements in subsequent cryptocurrency regulatory rules in various countries.
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