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Headline article: Iran and Israel, have you had enough of this? After a week of bombing each other, no one has died, but a lot of people have died in the crypto! Fidelity ETF, which has been trading at zero for four consecutive days, has finally replenished its position. Is this a resurrection or a resurrection? I think the continued outflow of funds from ETFs this week is all due to this guy!
Friday's ETF trading situation has the strongest guiding effect on the market. Tomorrow is the weekend and the halving, so don't let anything go wrong! The unlimited total amount of Rune 0 goods for four consecutive years has led to a weak wealth effect. Tomorrow the main battlefield will be Runes 1-9. Everyone should prepare their wallets, BTC, and third-party proxy tools. It is expected that two or three blue-chip rune projects will be released tomorrow!
It seems that Binance is really short of money. One launchpad is not enough, and they have to create a new platform Megadrop to take a two-pronged approach. This will not only double the speed of making money but also empower bnb and web3 wallets. Maybe in the future they will also issue a new platform coin. It really kills two birds with one stone!
Today, Israel and Iran staged another good show. This time, Israel launched an airstrike on Iran. However, the plot was the same. Israel's missiles and drones were intercepted by Iran's air defense system. Afterwards, Iran said that it was not attacked by airstrikes. Israel just made a failed and humiliating quadcopter attempt, and the target of the attack was not a nuclear facility, so in Iran's view, this was not an airstrike. In summary, Iran and Israel are just trying to save face. Anyone with a discerning eye can see that the ball is getting less and less exciting because they do not want to expand the war. However, these two countries can effectively intercept missiles, but it is hard to say about our wallets, especially contract players. Today's market is ups and downs. From 8 o'clock in the morning, it fell all the way below the four integer barriers of 6w3, 6w2, 6w1 and 6w, and the price came back to the beginning of 5. The amount of liquidation within an hour was 250 million. The key is not the most exciting. Then the market suddenly pulled up and rushed all the way to above 6w5. It was another wave of harvest for the air force. It is estimated that the high-multiple contract players were wiped out throughout the morning. However, for spot players, this is a good thing. Completing the cleanup of leverage before halving is very beneficial to the subsequent market. In addition, there is option delivery this afternoon. It is estimated that all the liquidations tonight have been liquidated. It can be said that tomorrow's halving will be very refreshing.
Then let's talk about the performance of ETFs. The net outflow last night was only 4.3 million US dollars. This data is actually not bad, much better than the performance of other days this week, and the selling pressure of Cathie Wood's Arkb also disappeared. 9.5 million flowed in last night. Fidelity finally got better last night, with a net inflow of 37.4 million US dollars. You must know that Fidelity has been almost zero every day for four consecutive trading days before, which is also the most important reason for the outflow of funds this week. I hope that Fidelity can continue to maintain it tonight. In addition, tonight is the last ETF trading day before the halving, and it will be the weekend soon. Last week we saw how much negative impact the net outflow of ETFs on Friday would have on the weekend market, so everyone must keep a close eye on tonight's data, and make comprehensive observations on various websites, such as farside, SoSoValue, Spot On Chain, etc. If too much capital outflows, you must take risk hedging operations.
Next is tomorrow's halving. In fact, there was no market on the day of halving in history, but tomorrow is special because the launch of runes is almost synchronized with the halving. The launch of this wave of runes means the birth of a new asset issuance protocol. As the most important Altcoin protocol that unifies the Chinese and Western understanding of the Bitcoin ecosystem, the value it contains is very huge. There will even be several big blue chips among the top ten runes that will be released tomorrow, similar to the previous $ordi $sats. This can be seen from the attitudes of various institutions, media, exchanges, and investors towards runes. Moreover, runes can be raised and governed as flexibly as ERC20, and there are also edicts, tombstones, burning and other gameplay. This has a high probability of revitalizing the entire Bitcoin ecosystem. Casey, the founder of runes, even boasted that if the market value of the runes ecosystem does not reach 1 billion US dollars within one month of its launch, he will commit suicide. This shows how determined and confident he is.
Then let's talk about what to play. First of all, the rune goods No. 0 deployed by Casey is definitely the hottest, but the total amount of this rune is unlimited and the duration is as long as four years, so it is very likely that this will be a situation where it is well received but not popular. The primary market and the secondary market coexist for a long time, which will lead to a small wealth multiple. Therefore, I do not recommend this with a high gas price at the beginning. There is a great risk of being buried in the first charge. Next is the rune No. 1-9, which should have the most alpha. I expect at least two blue chips to come out. The judging criteria here are mainly whether the quantity is reasonable, whether the etching is fair, whether the currency holding is healthy, whether the community has consensus, etc. Choose the one you think meets market expectations to cast. In addition, there may be some airdrops tomorrow, which should mainly target blue chip projects such as #runestones #RSIC. After all, they already have a strong community, and this wave of rune issuers should also be them, so it may be beneficial to this type of existing pre-runes. Of course, friends who want to rush should prepare their wallets and BTC as early as possible. It is best to prepare multiple wallets to avoid wallet failure. Ordinary users also need a third-party proxy platform, mainly @unisat_wallet @dot_swap @okxweb3 @luminexio @btcbotpro @uxuycom. It is best to try both popular and unpopular ones. Although the competition is fierce, maybe the goddess of luck will favor you.
Binance quietly launched a new token issuance platform Megadrop yesterday. This platform should be a supplement to launchpool. Maybe they think the speed of launching new IEOs is not fast enough, so they created a new platform with a dual-track system. In addition, this platform may issue new tokens in the future, so participating in this may have a dual-mining effect, and it will also be very beneficial to bnb. Let’s not talk about the new platform, just talk about launchpool x 2, which is also very beneficial to bnb. Moreover, this platform forces you to create a web3 wallet. Even if you don’t have bnb, you can do tasks and get airdrops. For Binance, creating this new platform is like killing two birds with one stone, which not only increases the value of bnb, but also increases the registration rate of web3 wallets. Issuing new tokens in the future will also be an additional benefit, and it can even better empower the binance platform. After all, the distribution of BNB has ended, and the operability of the new currency is very large. Along with this new platform, the first project BounceBit $BB was also launched. This has been introduced before. It is a Bitcoin re-staking platform. At present, it is competing with eigenlayer and merlin, and the resources behind it are Binance. It is definitely a high-quality project.
Finally, let's talk about the altcoin market. The sectors that have strengthened in this wave include public chains, Bitcoin ecology, DEX and meme. The strongest public chain is $ton, which said that it will release a major announcement poster with pictures of tether, stonfi, etc., which should be going to cause trouble with usdt; $tia is also very strong. There is no direct good news about tia this time, but the competitor avail's airdrop has attracted a wave of attention. The rise of $tia should be a return to value after oversold; $wif is on CB, and $MEW is on bybit. There is nothing much to say about these two. They are the strongest memes in the sol ecology; $qtum announced its transformation into an AI project, and will soon launch an AI chatbot and AIGC mapping tools; $stx is about to upgrade to Satoshi Nakamoto, etc. Finally, let’s talk about LBP of $fjo. The lowest price was 1.8 this morning. Then as the market rebounded, the price went all the way to 2.4. There are still a few hours left, and the price will definitely not go back to 2. If you didn’t get on the train at the low point, I suggest you wait for the secondary market to open. There may be a better price.
Market Analysis
$BTC : Bitcoin, as analyzed yesterday, repeatedly verified the support near 60,000 US dollars. This morning, because of Israel's attack on Iran, Bitcoin once again verified the support position near 60,000. At present, it has been supported for a short time. In fact, there is no need to worry too much, because the two Israels and Iran cannot fight. Both sides have to launch retaliatory actions to save face, so the short-term attack will end soon, so everyone has seen that the market rebounded quickly. Now at the 4-hour level, if it recovers above 63,500, then the market will bid farewell to the falling mode in the short term and will continue to adjust further. If it fails to quickly recover above 64,500, then it will have to adjust in the short term, but the possibility of continued decline is small.
$ETH : There is no independent market trend at all. It goes up and down with the market. Although this rebound has returned to above 3100, the support level of 3000 is no longer there. However, I think there will be an independent market trend after Ethereum halving. The reason is the demand for compensatory growth. After all, BTC has reached several new highs, but ETH has not performed yet.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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