Bitcoin mining profits have compressed to a historic low
The industry enters a survival screening period
BTC's significant correction in November has caused unit hash rate earnings to drop from 55 to 35 USD/PH/s It has fallen below the median total cost of listed mining companies at about 44 USD/PH/s
Mining companies are generally shifting towards deleveraging and liquidity preservation The industry is entering a new round of survival screening phase
These words are like my memoirs written for myself about the pits I've fallen into and the tuition I've paid over the past few years. May you hold onto the anchor of your heart amid the fluctuations. — A trader still on the road!
I've seen too many people fall into the same pit—not losing to the market, but losing to their own emotions. Sometimes, no matter how smart you are, it doesn’t matter. If you enter at the wrong time, it’s like wearing a cotton coat in spring or a down jacket in summer; if the timing is off, everything is in vain. A bull market is like a magnifying glass, turning novices into experts. But when the tide goes out, it's clear who is swimming naked.
🌹Hong Kong relaxes cryptocurrency trading rules, allowing connection to global order books
The Chief Executive Officer of the Securities and Futures Commission, Ashley Alder, speaks out personally Related regulatory announcements will be released today
👍The Hong Kong Securities and Futures Commission (SFC) announces that it will relax cryptocurrency trading rules Allowing local licensed trading platforms to connect to global order books Breaking free from the current closed model limited to internal matching orders in Hong Kong
👋This move will align cryptocurrency trading with traditional asset rules in Hong Kong Expected to attract trading giants like Binance and Coinbase to establish operations in Hong Kong
240,000 people faced liquidation The blood and tears of long positions
The Federal Reserve cut interest rates and halted balance sheet reduction Not only did it fail to boost the market But it caused a significant decline in the market The cryptocurrency market is filled with the cries of a bear market! Do you think the bear market has arrived? #爆仓 #多仓 #美联储降息
The last time was on September 17th, the Federal Reserve cut interest rates by 25 basis points, and 10 days later Bitcoin started to soar and broke 120,000!
This time is on October 30th, the Federal Reserve cut interest rates by 25 basis points, ______ days later Bitcoin will start to soar??
The world's most expensive sound at 2 AM, assets of 130,000 people turned to ashes Due to Powell's uncertain statements about interest rate cuts in December Gold, U.S. stocks, and U.S. Treasury assets collectively plummeted Only technology stocks performed outstandingly Nvidia rose about 3%, with a total market value surpassing 5 trillion dollars Apple's total market value exceeded 4 trillion dollars for the first time at closing Nearly 130,000 people in cryptocurrency liquidation, 764 million dollars turned to ashes
CZ was granted a pardon by Trump He expressed gratitude on Twitter for Trump's leadership and commitment to making the United States the world's cryptocurrency capital.
CZ's pardon marks the official end of the series of cryptocurrency regulatory 'wars' initiated by the Biden administration!