Let’s first look at the situation of Bitcoin ETFs. Fidelity’s FBTC had a net inflow of US$261.8 million yesterday, and Grayscale’s GBTC had a net outflow of US$350 million yesterday. Currently, only the ETF data of BlackRock IBIT and Invesco Galaxy's BTCO (smaller scale) and Valkyrie's BRRR (smaller scale) have not been released. BlackRock IBIT only needs a net inflow of more than $49.8 million to reverse the recent overall net outflow. situation.
Pay more attention to the daily buying volume of the 11 US ETFs. Now the 11 US ETFs and Grayscale's GBTC have formed a delicate balance. If the ETF buying volume exceeds Grayscale's selling volume, a pullback will be formed. plate.
On the other hand, if Grayscale sells more and the buying volume of major ETFs continues to decrease, the market will fall.
The bull market cannot always be a unilateral upward trend. Just like the callback in the past two days, when a stop signal appears, it is the time for us to enter the market.
Falling is giving away money
For short positions that have not entered the market, the further back you go, the fewer the best opportunities for placement will be.
For example: If you enter the market at the end of last year, you may get 10 times the return. If you enter the market now, you may get 5 times the return. In the future, the market may double. The further you go, the opportunities will become less and less, and the risk will only be As the market gets bigger and bigger, the most important thing about investment is timing, that is, we can seize the most suitable opportunity to enter the buy the dips.
Returning to the core issue, it is our personal ability and whether we have the ability to seize the next opportunity.
If you don't effectively solve the problem of your own abilities, you can only watch opportunities slip away at any time.
Things you must not do in the current market conditions!
Many people will panic because of the correction of the market in the past ten days. Seeing the continuous shrinkage of their principal, they will start to worry about a big drop, which will lead to cutting off the stock. As a result, the market has risen in the past few days, and they find that if they don't cut off the stock, the blood will return in the past few days.
But once miss the pump and leave the market, you don't dare to re-enter the market easily. You always wait for it to fall before entering again. As a result, when the market goes up and up, you find that the price is getting higher and higher, and you can't help but go in. As soon as you enter, , holy shit, I got trapped again, and the market started to pull back again.
This is the surprisingly consistent way of operation of 80% of people in the bull market. This situation is not unique to this bull market. It has been a phenomenon in the previous bull markets. It is just that the people participating in each wave of bull markets are different. It’s just the same.
The reason for this phenomenon is actually very simple: "I don't understand."
Because I don’t understand the blockchain industry, I don’t understand the development of the financial market in circle B, and I don’t really understand the essence and core of this circle.
Because I don’t understand technology and can’t understand the market, I can’t boldly enter the market as soon as the market stops falling. Even though it has stopped falling, I still wait for a big drop. When it starts to rise, I still doubt that it will fall, but in the end, it rises to everyone’s expense. When I couldn't stand it anymore, I chased in again, but when I encountered a correction, I cut the meat again. I repeated this back and forth operation, so the funds in my hand became less and less.
Views on the later market trends:
When the BTC pulls back, we ask everyone to boldly buy the spot copycat and hold it patiently for a few days. Now is the time to harvest. In the past few days, the RWA sector has taken off. Friends who have not caught it should not Don't be discouraged, the coins in your hand will rise, just hold on patiently.
In recent days, contract players have basically been taught by the market that they have no temper. They either repeatedly cut their losses to stop losses, or insert pins to liquidate their positions.
Recently, I rarely recommend short-term copycats because most people do not have the basic ability to control market risks. What’s more, they have limited funds and do not like spot operations. They often open high-multiple contracts based on spot prices. , I have also experienced two bull and bear markets, and I have a deep understanding of the risks of this market. People teach people, no matter how they teach, they will never be able to teach. Teach people something, teach it once and you will get it.
March is coming to an end. In the next few days, there will be a large number of monthly and quarterly contract futures to be delivered, so we must pay close attention to the risks.
The WEB3 conference will start on April 4th. You need to start selling the tokens in the Hong Kong sector in batches in advance. Pay attention to selling in advance and in batches. If you are optimistic about the long term, then just hold it all the time.
The qualifiers for the European Cup in April will also begin. We focus on the sports currency sector. When the BTC fell in the past few days, chz's trend was relatively strong and it is still worthy of attention and layout.
When will Ethereum break out and lead L2 copycats to soar higher?
There seems to be little movement after the Ethereum Cancun upgrade. If the Ethereum spot ETF does not pass, will it fail in the future?
I think there is no need to worry at all. As the leader of the public chain, Ethereum will have a strong narrative space in the future. Even if the Ethereum spot ETF does not pass, it will not affect its long-term value.
We can first take a look at what changes have been brought about after the Ethereum Cancun upgrade?
After Ethereum completed the Cancun upgrade, it had a significant impact on the layer2 project, which was mainly reflected in the significant reduction in transaction costs and improvement in network performance.
This upgrade not only opens up new possibilities for the future development of Ethereum, but also has a profound impact on the entire ecosystem.
Although both Bitcoin and Ethereum have risen in the past two days, the exchange rate of Ethereum relative to Bitcoin is around 0.051, which means that the price of Ethereum is still in a state of stagflation relative to Bitcoin.
After Bitcoin goes sideways, there is a high probability that Ethereum will take BTC and lead the Ethereum ecosystem out of a wave of compensatory growth. The Ethereum ecosystem is also one of our key sectors. I think Ethereum will grow in the next six months. The price/performance ratio will be very high.
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