Market conditions and important developments
Bitcoin situation: Recently, a whale named "Mr.500" has appeared in the market. Since August 26, he has traded 500 bitcoins at a time. As of September 7, he has purchased 12,500 bitcoins at an average price of about $58,000, costing about $725 million. At present, the big players seem to be buy the dips at the bottom. I have monitored that the positions of the big players are flowing in, while the chips of ETFs and retail investors are continuously flowing out. The price of Bitcoin has fallen to the cost price of miners, which is about $54,000. Some mines have begun to stop working due to unprofitability. This may indicate that the bottom of the market is approaching and the price may rebound soon.
The situation of Altcoin: Recently, the price of Bitcoin fluctuates in a concentrated range, with frequent liquidations, and the data also shows that there are many cases of liquidation. Even before and after the interest rate cut, the market trend may not immediately show a significant reversal. At present, the linkage between Bitcoin and US stocks is very strong, and the market continues to reach new lows within the cycle. It is recommended to buy Altcoin slowly at the new low price in batches. If you plan to wait for Bitcoin to rise to $60,000 before entering the market, you may miss many opportunities for Altcoin to double, and market fluctuations may also cause liquidation again.
The market continues to panic: today's Fear and Greed Index is 23, which is in the extreme fear zone. This index is composed of multiple factors, including volatility, market trading volume, social media heat, market research, Bitcoin market capitalization share and Google hot word analysis.
Market dynamics and forecasts:
It is expected that the interest rate will be cut on the 19th, which is 11 days away. Many investors in the market are already in urgent need of funds, and some have even lost all their money. It is recommended that friends with limited funds should not participate easily, especially those without a stable source of funds. Do not borrow money to invest, as it may become a bottomless pit.
TON was surpassed by Cardano and is currently ranked 12th in cryptocurrency market capitalization;
The Fractal Bitcoin mainnet is scheduled to go live on September 9, and 80% of the tokens will be allocated to the community;
Ethena's second season airdrop event has ended and will be open for inquiry on September 9; you can pay attention to the ethena airdrop, there will be a third season;
The US presidential election debate will be held on September 10, with Trump facing off against Harris;
August CPI data will be released on September 11;
The ECB will announce its interest rate decision on September 12;
TON Ecosystem The Open League Season 6 will start on September 12;
The third season of etherfi will end on September 14th.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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