Old Cui says about coins: The Tether issuance bubble has arrived, be careful of a deep correction!

CN
11 hours ago

The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and reject any market smokescreens.

It has been moving towards new highs, and I believe everyone is becoming increasingly cautious about entering the market. The escalation of the Russia-Ukraine conflict has brought a large influx of funds, coupled with the issuance of Tether, which has completely ignited this bull market. I wonder if everyone has patiently observed; the last round of issuance directly drove a growth of 10,000 points, while this round of issuance is almost the same in value but has only pulled back 5,000 points. Many friends may be puzzled as to why this is the case. The direct answer is that not all the newly issued coins have flowed into the market; many platforms hold a large amount of Tether, and it feels to me that they are brewing a wave before bottom-fishing. Regarding the 100,000 mark, I believe everyone has no doubts anymore. Lao Cui has been relatively conservative, always thinking that it would stop growing only after reaching 100,000 this month. As of now, we are less than 600 points away from achieving this historic moment. The deep correction has already been completed yesterday, and after a quick surge to 98,000 at night, it rapidly corrected 3,000 points to reach the position of 95,625, which aligns with the 3,000-point correction depth we discussed earlier. I wonder if users who were trapped in short positions have been able to break free.

Let's first consolidate the market data. A company under Trump is considering developing cryptocurrency payment services, and the "Cryptocurrency Advisory Committee" will establish the previously promised Bitcoin reserves. The promises made by Trump before his campaign are gradually being fulfilled. Once Bitcoin becomes a reserve financial asset, the upper limit of this bull market will increase by at least 10,000 points. Positive news is emerging continuously, and the arrival of the bull market indeed raises questions about the high points. At this stage, Lao Cui can no longer predict the peak of this bull market. Ethereum still looks relatively good; the conclusion for Ethereum's peak is that it is difficult to break historical highs. The selling pressure above Ethereum is too strong, and the return rate compared to other coins is too low. Many friends may feel that Ethereum's returns were still considerable after yesterday's surge. Looking at the entire cryptocurrency circle, Ethereum's fluctuations yesterday were entirely part of the follow-up surge. The inflow of funds over the past month is still showing negative growth. Under such intense fluctuations, Ethereum actually saw an outflow of 300 million in funds. This is incomprehensible; one can only say that the market makers and their founding team are completely slacking off. Do not believe what Vitalik says about them continuously buying Ethereum; their founding team has the largest outflow, including the so-called improvements to the Ethereum ecosystem paper, which currently has no action. The bull market may cover up some flaws, but it cannot change the fundamental facts. As long as the bull market is on, investing in any coin will yield certain returns. I hope everyone can consider the issue of return rates more. Compared to the growth of the bull market, Ethereum cannot outperform most coins, and whether it is worth holding long-term is a question worth pondering.

The trend of Ethereum actually represents the direction of most altcoins, which are almost always influenced by Bitcoin. Bitcoin must break upwards for Ethereum to follow, and the space for following is not large. Yesterday's few hundred points of movement accumulated nearly half a month's strength to break through. SOL's performance, on the other hand, is better than Ethereum; even the platform's token BNB has outperformed Ethereum's return rate. In the chart below, as long as the coins show positive growth, the inflow of funds is proportional, and everyone can consider acquiring a certain share. Of course, if you have sufficient funds, Bitcoin remains the first choice. As we approach the end of the month, the speculation about interest rate cuts will become increasingly severe, and we are almost back to a series of statements about not cutting rates. Everyone should maintain a stable mindset and not be influenced by these smokescreens. Powell and the Federal Reserve's consistent style has always been to win through public opinion. If they really do not cut rates, the consequences are hard to predict. Everyone should be clear that the interest rate meeting occurs almost only once a month, so if other economic problems arise due to not cutting rates, the Federal Reserve will find it difficult to present remedial measures midway. Therefore, the risk of not cutting rates is greater than that of cutting rates. Do not think that the situation in the United States is all good; if the situation were truly good, there would not be a one-time cut of 50 basis points. When the tide recedes, we will see who is left exposed; we will see the answer in early December.

With the arrival of the bull market, Lao Cui feels it is necessary to remind everyone that the issuance of USDT is beneficial for the short term in the cryptocurrency circle, but in the long term, the issuance of currency will inevitably bring about bubbles. This has already been evidenced by the dollar. The issuance of USDT indicates that the underlying capital and logic exceed the scope of blockchain, and this scale is unregulated. The news of the issuance is almost sudden. It can be said that the issuance is to pump liquidity into this bull market. The act of pumping liquidity will temporarily bring about a numbing effect, but the final result will require retail investors to foot the bill. For those of you investing in the cryptocurrency circle, try to convert your funds into other coins and do not hold too much USDT in your hands. Especially before the bull market, the Americans have already raised doubts about USDT, and there is a strong momentum to investigate thoroughly. A gentleman does not stand under a dangerous wall; if you have idle funds, try to avoid long-term holding of USDT. At this stage, holding any coin will run faster than the exchange rate. The consequences of pumping liquidity will take some time to manifest, and this time difference will not exceed a year. It is estimated that in the second half of next year, everyone will see the aftereffects.

In summary at the end of the article: There is not much to share about the current market situation; the answers are all in the article. For users with small amounts of capital, just do a few small long positions of 0.0x Bitcoin. The best way is to enter the market in the form of an ant-sized position for the first order. The entry point for the first order may not be important, but the role of the first order is to ensure you are in the game. How to supplement will test your skills; you can supplement with a 5% position every time Bitcoin corrects by 1,000 points. Once you have basically supplemented to a 3,000-point position, you can wait for the right time to reap the fruits of your labor. Once again, I kindly remind everyone that with the arrival of the bull market, there is no such thing as a so-called high point. Since Bitcoin's listing, there has already been traditional capital bottom-fishing below. Especially since Trump met with the heads of American exchanges, it has released huge positive news. The policies and personnel regarding the cryptocurrency circle are likely already in place at this stage. The selection of such officials can completely keep you in the dark about insider information, and the reason for releasing this news should be clear to everyone. It emphasizes the selection of a person beneficial to the cryptocurrency circle for management. Since Trump is fulfilling his promises, why should you still doubt the arrival of the bull market? Perhaps only when the benefits truly fall into your pockets will you feel the charm of the cryptocurrency circle. For users with doubts about operations, you can chat with Lao Cui; the entry position is not that difficult to grasp. At this stage, as long as you are in the market, you can profit; it is purely a mindless market, and what you need to do is to bend down and pick up your own assets.

Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, you can contact directly.

Lao Cui's Message: Investing is like playing chess; a master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and the big trend, not focusing on one piece or one area, aiming for the final victory. The novice, on the other hand, fights for every inch of land, frequently switching between long and short positions, only competing for short-term gains, and often finds themselves trapped.

This material is for learning reference only and does not constitute trading advice. Trade at your own risk!

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