Release of 'A Handbook for Ordinary People on Cryptocurrency Trading' Version 2.1
(A Handbook for Ordinary People on Cryptocurrency Trading) Version 2.1 released, 120 pages in total, available for free download.
Content of the 2.1 version supplement: Supplement to the weighted funding rate in the funding rate. The relationship between volatility and the effectiveness of breakthroughs. Three major challenges of investing in altcoins.
Supplement of some other text.Last updated on: 2025-11-11.Table of contents as shown.#BTC #ETH
MicroStrategy CEO stated at the Binance Blockchain Week that the company's strategy is:
If the company's stock price rises above the corresponding Bitcoin value per share, then distribute stocks to the market for financing; If the stock price falls below the corresponding Bitcoin value per share, then sell Bitcoin or related derivatives to replenish cash. In simple terms, if the stock price is high, sell stocks; if the stock price is low, sell coins.
Regarding which value is greater between stock price and Bitcoin, one can directly look at mNAV. When mNAV < 1, MicroStrategy may sell Bitcoin. This indicator can be directly checked on their official website, and the current value is 1.16. The cost price of Bitcoin held by MicroStrategy is $74,436. #BTC
The possible trajectory of Bitcoin suggests that the market may retest the support level of 80,000, potentially hitting a new low before experiencing a daily level rebound. The pattern may form a head and shoulders top. #BTC
It is suggested that Binance separates the social chat function and makes it an independent app; otherwise, it is too deeply hidden when mixed together, resulting in low user engagement. #币安app
I have created a chat group on Binance, and everyone is welcome to join.
The probability of Bitcoin's rebound reaching its peak has increased, due to: the BTC daily OBV indicator showing a top divergence, which means that while the BTC market rebounds to a new high, the OBV indicator does not, indicating that buying pressure is weak and the willingness for a bullish counterattack is not strong. #BTC
Market expectations are that Japan will raise interest rates in December or January, which is a bearish signal. (The Bank of Japan's monetary policy meeting is scheduled for December 18-19, 2025, and the market generally expects this meeting to decide on a rate hike.)
Historically, the Bank of Japan first raised interest rates on July 30-31, 2024, and at that time, Bitcoin fell for 8 consecutive days before stopping. #日本加息 #BTC
MSCI will assess and decide by January 15, 2026, whether to remove companies whose "business model primarily involves purchasing cryptocurrencies" from its main equity benchmark indices (such as MSCI USA and MSCI World), such as Strategy (MicroStrategy).
MicroStrategy holds a total of 650,000 Bitcoins, which is approximately 3.1% of the total supply, with an average purchase cost of about $74,436.
The weekly MA60 may become the top of the BTC rebound: If BTC rebounds in a B wave with a bottom of 80600, then a reference form can be considered. After the weekly top divergence, the Bitcoin market broke below the weekly MA60 moving average. In 2021, the market rebounded to the MA60 and peaked. This round of rebound may also follow a similar pattern; for now, we can only observe the rebound and not expect a reversal. #BTC
The probability of the Federal Reserve lowering interest rates by 25 basis points in December is 89.2%, while the probability of keeping the interest rate unchanged is 10.8%.
Grayscale Report: Grayscale believes that Bitcoin may not enter a deep cyclical downturn, expecting its price to reach new highs next year, and questioning the applicability of the four-year cycle theory. #BTC
This is a potential bearish signal: Bitcoin MicroStrategy CEO Phong Le stated that the company plans to consider selling Bitcoin when the stock price falls below mNAV (mNAV less than 1) and financing channels are exhausted. Currently, this mNAV value is 1.12.
They hold 649870 Bitcoin, and if they start selling, it would have a significant impact on market confidence.
mNAV = Company enterprise value / Bitcoin net asset value)
usdt.d can be understood as a pullback after breaking through the upper edge of the triangle, with the triangle evolving towards a parallel channel or wedge. If the pullback is complete, a further upward movement is possible, with the upper edge of the parallel channel being a potential target.
Before this box (0.1-0.198), it had been ranging. In the previous two weeks, there was a massive increase followed by a massive drop, failing to effectively break through the descending trend line and the upper edge of the box. The market has returned to the box, so it is highly likely that the market will retest the lower edge of the box near 0.1. #strk