Phyrex
Phyrex|Feb 14, 2025 21:14
I really can't write long articles at night. I started writing yesterday's state data and today's Coin financial report at night, and it took me several hours to write. There were a few news stories interspersed in between, and I started doing homework at 5am. After finishing the homework, it's probably already dawn. I must make some changes, but sometimes I can't control myself and can't stop when I see the topic I want to write about. Today's market is still good. There are several main reasons. Trump's assistance in ending the Russia-Ukraine conflict can reduce inflation after all. If a cease-fire can be put in place before April 1, it can almost offset the effect of really increasing tariffs. Inflation may not be so pessimistic. Secondly, 13F has released a large amount of data, including the investment of Abu Dhabi sovereign fund Mubadala in Bitcoin spot ETF, which is about 460 million US dollars. This data is also the main reason for raising the price of BTC to over 98000 US dollars. Although it has fallen a bit now, it still has a positive stimulating effect on the market, after all, it represents that sovereign countries have begun to indirectly invest in cryptocurrencies, and they are still wealthy countries. Secondly, State Street Bank and Citibank announced that they can accept custody of cryptocurrencies. The specific details have not been announced yet, but it is believed that Bitcoin has been accepted as a starting point for custody, and bank based mortgage lending should also be fast. This means that the BTCFi brought by banks will have a lot of room for development. In addition, the SEC is also learning about the POS staking system, which is today's news. This directly benefits ETH and SOL, so overall, the policy has been good recently. The biggest challenge still comes from the macro perspective, and there is no solution in the short term. Let's take our time and talk about it. Looking back at the data of BTC itself, short-term investors are still the main force for turnover, and there is a lot of information today, so the volatility has increased. Investors' emotions have also risen, and a large number of junk time bargain hunters have left, probably thinking that this emotion will not last long. However, it is also true that the price of BTC has fallen now, and FOMO based solely on emotions is still not enough. Now it's suitable to make a grid. Although the volatility has increased, the support remains firm, with the range of $93000 to $98000 still very stable. The chips in this area continue to increase and are currently within the safe line. The next two days are the weekend, and it's time to enter the garbage dump. However, the mood on Friday is still good, and there shouldn't be too much fuss over the weekend. If there is a chance to rise to $100000 over the weekend, I will start short-term trading, otherwise I will continue to watch. PS: I just realized that I haven't even taken a shower yet, so I shouldn't go out at night. It took a lot of time to go out, and it took a lot of time to write a long article. It's my fault to squeeze the reply time again. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
+2
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads