Today, two things have me feeling a bit speechless.
First up, it's about CoinUp.
To be honest, I didn't pay much attention to this platform before.
But today, He Yi got involved personally.
She said that the operator of CoinUp, Zhu Pan,
once impersonated someone else in an attempt to scam her.
He even impersonated her to scam Sun Yucheng.
What kind of move is that?
Impersonating the big sister to scam Brother Sun?
Then CoinUp quickly responded,
saying that Zhu Pan is not the operator.
They claim the volatility of CPX is due to concentrated market sell pressure,
not because they are messing with it.
Hmm.
Do you believe that explanation?
I certainly don't.
Anyone who can impersonate someone to scam others,
how can you say they’re not in control?
Who’s gonna buy that?
Plus, the volatility of CPX
is dropping like a waterfall.
If you say no one is intentionally dumping,
it's hard to explain.
The second thing,
QCP said the market is still in a range-bound consolidation.
Options pricing shows a lack of breakout momentum.
I've been hearing that for almost a month now.
Every time it’s range-bound,
every time it’s a lack of momentum.
But what really caught my attention is
the continuous net outflow from ETFs.
Yesterday, BTC saw 68.3 million outflow,
and ETH had 66.1 million.
Both sides are seeing outflows.
Institutional money isn't entering the market,
it's tough for retail alone
to push the market up.
And right now, the macro environment isn’t cooperating either.
Gold is dropping,
silver is dropping,
and the Asia-Pacific stock market is in the red too.
Nikkei dropped 2%,
the semiconductor sector is worse off,
SK Hynix fell 6.5%,
Samsung dropped 5.5%.
In this kind of environment,
crypto is really struggling to stand out.
So my current mindset is to
not make any rash moves,
not chase highs,
and just wait to see how this range breaks.
If it really drops below 62000,
I might consider picking up a little.
$BTC #争议 #CoinUp #range-bound consolidation