Bitcoin a single, all the money piled up inside the pie, at the same time we obviously see that the supply of bitcoin is still very small, has refused to pull back, which exceeded the previous expectations of the market judgment, this kind of over-expectation, often indicates that will continue to strengthen, at this time the 5 day line will become a better choice, as long as the daily daily closing does not fall below the 5 day line, we have to continue to be bullish, perhaps to continue to be bullish, perhaps before the end of this month, we can again see more than 60,000 bitcoin, more patience, give the market some time, the fourth quarter often have a surprise.
The founder of Real Vision said his portfolio consists of 70% ETH and 5% BTC, and another 25% is other. His logic is that ETH will have more incremental volume and is still in the early stages of adoption, while believing that it is important to take some risks as much as possible during the bull market. This configuration is very worthy of your reference, not that it's not bullish on Bitcoin, just more bullish on the ETH/BTC exchange rate. In rising markets, coins with small market caps tend to rise faster than those with large market caps, and conversely, fall quickly.
Switzerland plans to launch a new proposal to authorize central banks to hold gold and bitcoin as part of their currency reserves. Bitcoin is not only used as legal tender by some countries, but more countries will use bitcoin as a foreign exchange reserve in the future. This is a real hard currency around the world, and if you do a good job of holding it for 3-5 years, then the return on bitcoin will obviously be more certain.
Venezuelan airports will accept cryptocurrency payments, which is also considered an official act. These small developing countries, especially in the context of the dollar's crazy money printing, many countries do not have the strength to protect their currency from being harvested, and a significant devaluation against the dollar will be the future trend, so the adoption of cryptocurrency is the easiest means to fight inflation and devaluation, at least at the moment, to protect the national wealth from being lost.
The single-day settlement volume on the BTC chain exceeded $30 billion, which is 40 times more than last year, and the transaction volume has far exceeded that of Visa and Mastercard. This data already shows its value, and there is no reason that such a high-quality asset will not exceed Apple's market value in the future.
Bitcoin market cap accounts for 45% of the market, which has risen in the past two days. If it draws blood for another day, the wind will shift to the mainstream market. Open interest of $5.6 billion, up 45% from the September low, volume up, no problem.
ETH destruction exceeded 500,000 pieces, plus over $3 billion in L2 locked positions, plus 2.0 locked positions, Defi locked positions, all kinds of uncountable cross-chain locked positions, plus future incremental volume, the certainty of Ether remains strong, and a five-digit ETH is worth imagining.
DOT unlocked 2.71 million this week, the unlocked volume is a bit higher than other weeks, the market shape is fine, everything is expected to be slot auction, wait for it.
Greed is still 71, all right.
