Wall Street bookmakers take action! Actually made Sun Yuchen anxious? This coin has huge benefits!
Shocking news is about to come from the AI sector. Will it once again create the myth of doubling in one day this time?
XRP and Auction will also receive major updates, which is very exciting.
Now Solana has skyrocketed by 20% in one day, can it continue to rise? And has Bit Whale escaped? Let’s take a look with Shu Qin.
This year’s bull market is really exaggerated.
This has not yet reached half, but the options holdings of institutions have already far exceeded the 21-year bull market, and have even almost doubled from that time, so the current rise is not a false trend, but a real bull.
Even if you look at the current trading volume, it has exceeded that of the 2021 bull market. All current indicators are no lower than that of 2021, and they are still growing.
On the other hand, the initial bullish data has been so strong, so how exaggerated is the bull with the largest increase? As long as it breaks through the previous high of 69,000, I think Bitcoin will directly increase by more than 10% to 80,000. .
No, the giant whale Sun Yuchen transferred 100 million US dollars of USDT to Binance in two times.
This should be an increase in position, because if he wants to sell, he will definitely transfer it to Ethereum instead of USDT. It seems that Brother Sun was also anxious, waiting to buy the bottom, but as a result, part of the funds were lost.
In fact, this is not his first time buying. He has covered a total of more than 600 million Ethereum from the beginning of February to now. The average price should be around 2,800. At that time, many people thought that the entry price was very high. , but looking at it now, it is still cheap, because next year Ethereum will rise to 10,000 U!
Thinking about it now, congratulations really go to the old viewers who followed me in buying the bottom at the end of 2022.
In fact, I made three videos at the beginning of the month, saying that the bull market had started early, and I was bullish on the price reaching 65,000. At that time, a lot of people said I was crazy. Now look at it, it is higher than I expected in March. Earlier, it reached this goal by the end of February.
The reason is that they have not seen how much FOMO there is on Wall Street. Any fund manager who does not allocate Bitcoin now will definitely lag behind his peers in the funds he manages, so they have to buy it even if they don’t.
However, Shu Qin also has to admit that theoretically, the highs of 65,000 and 69,000 21 years ago will be the last resistance before the big bulls start, and it may take some time to consolidate.
Moreover, every time Bitcoin rises, it will usually go sideways for a while. This is normal and there is no need to worry.
I see that although the incremental CVD of transactions is rising, the open interest of short-term contracts is declining.
This shows that retail investors who were long from 50,000 before took profit at more than 60,000, which is considered a small deviation. After all, the long-term contract funding rate has now reached 100% annualized. The interest is too expensive, so it is normal to have a profit stop.
However, Bitcoin’s sideways trading is actually a very good environment for our altcoins to make up for the increase. Because these short-term hot money sees that Bitcoin cannot rise, they will invest in various altcoins, and one coin is likely to usher in many good benefits, and it is Auction.
His project team Bounce will launch the Bitcoin re-pledge testnet on March 8, and then launch the mainnet in April or May. This sentence really contains a lot of information, right? Not only will the testnet be launched next Friday, but this testnet is also a popular re-staking concept.
EigenLayer and ALT both do Ethereum re-pledge, and Bounce does Bitcoin re-pledge, so it can be seen that this project really knows how to play, which should be good for its flagship token Auction. Good news.
But do you think this is the end? Yesterday, the project team of BounceBit also announced that it has completed a seed round of financing of US$6 million, and many well-known institutions participated in the investment. It can be said that it is unparalleled in the limelight.
However, this BounceBit will not issue coins until April or May, so we can ambush its flagship project Auction first, because the benefits of the same project will most likely be linked. These all need to be ambushed in advance. If it doesn’t rise, forget it, but what if it does? Shu Qin would be very happy if half of these good news could rise.
In addition, FTT and Solana also have a potential benefit, which is the FTX liquidation meeting held on March 15.
You must know that the currency circle is so popular right now, this liquidation meeting will definitely attract a lot of media coverage. Any news or big news at that time may ignite the market.
For example, Solana exploded due to this at the end of last year, reaching more than 120 along the way, so everyone can look forward to it this time.
Not necessarily, but if something big appears, Solana will skyrocket.
In fact, there is no need to wait until the 15th. Solana has now entered the breakthrough mode. In the last video, Shu Qin said that he would make up for the increase significantly. At that time, he was only 112, but now he is running towards 140. Then I still have the same point of view, first look at 135 and then 150, okay.
In the short term, Solana will depend on when it breaks through this suppression line. Once the breakthrough is confirmed, it will do very well in the future.
In fact, I don’t think it’s too high if it rises to 150 later. After all, Bitcoin and Ethereum are close to reaching their previous highs in 21 years, but the fourth Solana has just rebounded to half the price of the last bull market. I think it is in this bull market. It would be more reasonable to double the previous high of 260 and go to 520.
In addition, Ordi and Apt, which we were ambushing before, also performed very well in this wave of market conditions. Congratulations to the babies who were ambushing with me. If you want to work together every day, you can come and take a look.
Okay, let's continue.
In addition to Solana, several other mainstream currencies are also about to receive key benefits.
The first is XRP. The US Securities Regulatory Commission needs to submit a briefing on remedial measures to the court before March 13, which is crucial to the lawsuit between XRP and the SEC. If the penalty is not severe or even not punished, Ripple may directly rise to the sky.
Moreover, XRP project parties usually carry out relevant hype or guide public opinion at this time. Last time, someone sent out false news, which caused XRP to fly directly to 0.7, which was very exaggerated. Therefore, you can also pay attention to Ripple XRP, which has not risen much.
From the daily perspective, he has now broken the descending triangle.
We have also made a short-term move, and I think there should be good room for supplementary growth in the future.
As for Link, I think it also has the motivation to continue going up. Last time we accurately hit 20.8 to take profit, but I reopened it at 19 yesterday because I think it has a chance to break through the previous high of 21 and go up again. Go.
In addition, the AI sector is likely to receive great benefits.
AI chip giant Nvidia will hold a multi-day AI conference starting on March 17.
At that time, they will definitely trumpet the development of AI and its importance at the press conference, so AI concept coins such as WLD, RNDR, FET and Tao will all have a chance of becoming popular at that time.
Well... it may not happen, but once it does, it will definitely explode again, because this section is really so awesome, it will be a blockbuster if it doesn't make a splash.
And you can only ambush these things in advance, and there will be no losses if they don't rise. Don't chase the highs when they rise. That's just to take over the market, right?
Therefore, you must be well-informed in the currency circle to make big money. Let’s work together to strive for wealth and freedom in this bull market!
