Phyrex: Since yesterday, although BTC temporarily fell below $30,000, it did not continue to fall as many friends imagined. The main reason is that the overall market's willingness to buy and sell is not strong. Recently, we have also seen too many chips piled up at $30,000, and the highest point was almost close to the pile of 1.05 million BTC. With the recent shock, the current stock has been reduced to less than 920,000 coins (Figure 1), which is still high, but... https://t.co/DI5XH5Gcrv https://t.co/a8Mo5gpvET

Phyrex: Continue to adhere to the same strategy, use BNB to carry IDO, and then exchange IDO's income for BNB, continue to increase the number of coin standard BNB, and then continue to carry IDO, bear market is mainly to earn coins. Earned transfer is the current price directly for BNB, this practice may not be the best, gold standard may not be the maximum return, but if according to once a month LanuchPad and once LanuchPool, is the best plan. ... https://t.co/kmEgDG0Pka https://t.co/lYrXs6Lxtm https://t.co/YTu4BBnASC

Phyrex: A LOT of small partners said that did not see what it said, see a long time to feel more also said, empty also said, horizontal dish also said, but what fart did not. In fact, this is really the case, after falling below 30,000 dollars in the early morning, many people shouted to the big waterfall, the result woke up and returned to yesterday's point, the fact is that liquidity is too poor, very easy to cause a sharp fall, this truth has more and more partners to understand... https://t.co/iuaYLOu2fO https://t.co/8VU9V8OHeY https://t.co/9SA6xrr2Yy

Phyrex: It is well known that in October 2021, it was because BTC ETF passed that the double-top pattern was driven. Moreover, it is precisely because of this that BTC and ETF could quickly get out of the low 519 and rise sharply in a short period of time. And what we have been stating is that capital or liquidity is the basis for the market to rise, if we extend the time to the last three years, we can find a very obvious data. ... https://t.co/hhKaLq55jT https://t.co/ZIV242lryj https://t.co/nSy46D9zEw

Phyrex: Yesterday we focused on the current trend. Although the bullish sentiment of BTC and ETH is very fierce recently, it has not gotten rid of the expectation of BTC spot ETF (trust) in essence. Even from the perspective of liquidity changes, even the price rise has not brought more otc funds to live, but the continuous loss of exchange funds. For a bullish market, capital inflows are healthy, such as in the Fed's interest rate hike too... https://t.co/uH4akrskQU https://t.co/0v4FnfjvU8

Phyrex: Since it is still a holiday in Europe and the United States, the overall liquidity data is not high, and more detailed data is not necessary for the time being. Moreover, the US stock market will be closed for one day tomorrow on the Independence Day of the United States, and the futures market will close in advance. Therefore, the real market maker will return after Wednesday. It should be noted that July is not only the game period, but also the second quarter earnings release period, after the first quarter of the US stock market... https://t.co/YCUNMVkWgb https://t.co/1it3SWW7VU

Phyrex: There is no need to open a new tweet, but too many friends use FUD as FUD, which is very irresponsible. Although Gary presided over the prosecution of BinanceUS and Coinbase, it does not mean that Gary violated the SEC or the law of the United States. On the contrary, what Gary did is politically correct. If Gary leaves his position, it will most likely not be a resignation, but a transition to the SEC... https://t.co/STEtOnt7zB https://t.co/EEhAnPFXQW https://t.co/8BcwLUFH7K

Phyrex: After looking at the changes in the market value of stablecoins, we have determined that the maximum limit of purchasing power is constantly declining. So what has happened to the actual purchasing power transferred to exchanges in the last week? I think you can guess. Indeed, from the amount of money transferred to exchanges, As the main force of the transaction, USDT has seen a decline in the amount of capital for three consecutive weeks (Figure 1), on the one hand, we have said before the liquidity decline... https://t.co/TY4VplXAe6 https://t.co/VDD7WNPU7o

Phyrex: If the trend mentioned above is just speculation, then the data can give better evidence. The best performance of liquidity is the change in the market value and purchasing power of stablecoins. Although the market value of stablecoins does not represent direct purchasing power, the total market value still represents the upper limit of purchasing power. From the current data, the market value of the four main stablecoins did not hold up in the last week as BTC and ETH prices stabilized... https://t.co/eNaemgBxd1 https://t.co/7PZbhXSSui

Phyrex: Recently, there are a lot of FUDs saying that Gary was fired by the SEC, but they have not found it yet, and Gary's reputation in the SEC is very good. The crackdown on Crypto is politically correct in the United States, and even if Gary leaves the SEC, it does not mean that it is a good thing for the coin market. https://t.co/6v2DvZ2lG0

Phyrex: Since BlackRock's application for BTC spot trust was speculated in mid-June, which caused the BTC price to rise above 30,000 USD, the BTC price has maintained a slight fluctuation at this stage until two weeks now, and there is no obvious sign of breakthrough. From the perspective of trading volume (Figure 1), This event is also from the Silicon Valley thunder in mid-March and April 26 because of technology stock earnings and regional bank continuous thunder brought about by the trading volume explosion... https://t.co/s5h2fYd5qQ https://t.co/3ZR5tu4vnd

Phyrex: BinanceUS will be represented in the SEC case by M. Kendall Day, a former acting deputy assistant attorney general at the Justice Department, after hiring former SEC co-director of enforcement George Canellos last time. The lineup is basically using the spear of another to counter the shield of another. It's nice to have money. ... https://t.co/WEOAt1N56h https://t.co/I2DHunc5g9

Phyrex: Yesterday, we looked at the capital situation to determine the possible change in purchasing power. Today, we will continue to look at the change in data. First, the total market value of stablecoins was increased by a small amount of USD 4 million in the previous 48 hours. BUSD decreased by $30 million, so the total stablecoin increased by $120 million in the first 48 hours, especially phase... https://t.co/TpCSbiOl9T https://t.co/ubgwiublzp https://t.co/TSWZBkkZYd

Phyrex: It is currently at 14.6% annualized. It should be up to 20% if last week's unanchoring event hadn't happened. The process has been documented in detail and the maximum amount of feasible capital has been tested. Unfortunately, the maximum return cannot be achieved manually. If there is a grid, it should be increased to more than 16%. The gameplay has been talked about for many times, you can search by yourself, within 1 million dollars should be able to one-time transaction, the average daily income of about 40 thousand, lucky can be to 60 thousand. https://t.co/vWiLKtFhjy

Phyrex: Some friends asked TUSD about the matter, did not pay much attention to it, but looked at it, it seems to be related to Prime Trust, currently BitGo has stopped acquiring Prime Trust, and Prime Trust has received a stop order from Nevada regulators. Will immediately stop all withdrawals from fiat and cryptocurrency. TUSD is rumored to be working with Prime... https://t.co/VySIoyF2K0 https://t.co/s9BKRNaAsX https://t.co/Q6xlwdFpzG

Phyrex: The fact that #BTC did not break above $31,000 yesterday has something to do with the overall liquidity and the monetary policy of the Federal Reserve. Since Powell's first speech in Congress yesterday, the US stock market has seen a downward trend, and even the technology stocks that have been in a strong position have seen a correction. This is the difference between skipping and pausing that was emphasized yesterday. ... https://t.co/OliCjllLSI https://t.co/4Gd5Po82xl https://t.co/duTg5Izgv2

Phyrex: A little uneasy, with a high fever to say two words. We all know the reason for today's rise, especially the outbreak in the main time of the United States, but also in line with the expectations of American investors, which is a good thing, especially from now on it has initially gotten rid of the shackles of the maximum pain point, if this week can not be achieved, the maximum pain point at the end of the month will be difficult to achieve, This has prevented BTC's price from falling below $26,000. ... https://t.co/6iaWmong41 https://t.co/vQ8hNJVmsM https://t.co/5BVVP9A5cH

Phyrex: Finally, I was sick. After updating in the afternoon, I planned to take a rest. When I woke up, I had a little fever. I know what you want to ask, the evening rose better than the US stock market, especially the technology stocks led by the Nasdaq 100 fell nearly 1%, which is rare in recent times, while #BTC and #ETH... https://t.co/fRJkrSAxVQ https://t.co/Muo778u9em

Phyrex: However, in detail, TUSD is currently active in the main time zones of the United States. So in terms of the total market value of the four main stablecoins, although the sharp rise in the market value of TUSD over the weekend brought the market value of the four main stablecoins back almost to the $120 billion mark, the current total market value has fallen below $119 billion once again with the continuous decline in the market value of USDT in the last two days, and money continues to flow out of the coin market. https://t.co/tQO8eXL79a

Phyrex: The purchasing power after the resumption of normal working days is still not good, especially after BTC out of 25,000 dollars, the purchasing power is relatively reduced, as of 8 am this morning, you can see the purchasing power of USDT is a recent monthly low with only slightly more than 500 million dollars transferred to the exchange, although the purchasing power of BTC and ETH is good, However, the decline in total purchasing power still shows that ALT's share is constantly being eaten up. https://t.co/ZVedEvDtE2

Phyrex: After looking at all the data today, it can be seen that although the bottom hunting sentiment of BTC and ETH is relatively stable, and the panic of users about SEC and USDT is almost eliminated, the price growth is still not significantly higher, so far it is still concentrated around $27,000. ... https://t.co/B4yqgMuLYn https://t.co/ib8ITsCiu8

Phyrex: The amount of ETH withdrawn from the exchange exceeded 215,000. Like BTC, the data transferred out of the exchange fully covered the selling pressure transferred into the exchange, and the current purchasing power and buying sentiment of ETH also remained good. But hopefully, this sentiment will also help BTC and ETH get out of the grip of their biggest pain points. https://t.co/WvAk0tS6Z0

Phyrex: That said, the SEC has decided that ETH is not a security, although it has not quite decided that ETH is not a security, if the grapevine is correct. As of 8am this morning, the number of old validators leaving the market is still small, with 280 validators driving nearly 9,000 ETH out of the market. https://t.co/NIPFslo9je

Phyrex: At present, the total amount of locked up has reached 19,893,317 ETH, accounting for 16.58% of the total outstanding, although there are still a large number of validators waiting to be activated. The waiting time for activation has returned to 45 days, and the increase in the number of piles is still declining. Currently, there are only 2.9 million ETH waiting to be admitted, while the exit time has been shortened to about 6 days, and the queue has been reduced to about 51,000 ETH. https://t.co/S14aY0FDDT

Phyrex: From the details of the data, although short-term holdings of BTC is still the main force of selling pressure. After the weekend, BTC rose in the Asian time zone or maintained a good range, the overall price has an upward trend, today is more than $27,000, for the boost of sentiment is bound to be effective, and from the profit chips and loss chips to leave the proportion of https://t.co/n3O41xgZ7e

Phyrex: However, according to the data of URPD, the current price is once again concentrated at $26,500, and there is a stacking situation, which once again exceeds the stock of $3,500, becoming the second largest stacking amount in a single price. Moreover, the gap between the stacking amount of $26,000 is not very large, if it continues to be concentrated at $26,500, It is very likely to become the highest single price by next week, as can be seen from the recent historical data including https://t.co/1znfrfUveu

Phyrex: Medium - and long-term BTC, which has not moved for more than half a year, also continues to rise, rising again to near 14.478 million coins as of 8am this morning, accounting for 74.6% of the total in circulation. It also shows that more short-term BTC holdings are moving in the direction of long-term holdings, and more chips are moving in the direction of long-term holdings, which is both a good thing and a bad thing. The good thing is that the selling pressure is reduced, and the bad thing means that the liquidity in the market is continuing to decrease https://t.co/fVhhVFhQca

Phyrex: Back to the data of the coin market itself, the futures #BTC in CME still performed strongly (Figure 1). Even when Coinbase spot broke through $27,100 and retreated to around $26,900, the futures price of CME remained at around $27,000. The continued positive premium does give institutional and professional investors room to profit. And futures #ETH... https://t.co/v9Q44pM5VN https://t.co/eCFaSW0xfd

Phyrex: As of now, BTC's maximum pain point on Friday remains unchanged at $26,000 (Figure 1). Of course, a move to $26,500 cannot be ruled out, but if it does, it will also hit the maximum pain point for month-end delivery options. There is no more money in the daily delivery until Friday, just tens of millions of dollars. ... https://t.co/oSgwUfqeCF https://t.co/Isgtt1b5B5

Phyrex: Yesterday, due to the June festival, the US stock market was not open, and only the stock index futures were in operation. Compared with the trend of BTC and ETH yesterday, the trend of BTC and ETH was better than that of NASDAQ futures, especially the needle reached almost $27,100 in the early morning this morning. On an optimistic note, the price trend has gradually moved away from the limit of the maximum pain point in the delivery options on Friday. ... https://t.co/AQmCwGx7nC https://t.co/jhJuNZO3AG

Phyrex: After reading all the data today, although we can know that the mood of the current currency market users is not so nervous, but the price trend is likely to be limited by the maximum pain point, in this case, any market analysis is of little significance, and the tight liquidity makes more funds still close to BTC and ETH, for ALT will be very unfriendly. From the beginning of this week, there can only be no macro significant positive or negative data... https://t.co/nsl5vCg41d https://t.co/cwYGX5X0Ax

Phyrex: The data from the exchange is nearly 113,000 coins, and as with BTC, the current purchasing power and buying sentiment are still good. In addition, in the ETH POS mining pool, it can be found that the data is not quite in line with expectations. Although the amount of ETH released from POS has not continued to increase, it still remains at a low level. As of 8am this morning, Only 86 verifiers have led to the withdrawal of more than 2,700 ETH from https://t.co/uqYAxZh50y

Phyrex: But the number of validators also continued to fall below the April and May averages, as if more investors were losing interest in pledging ETH. With only 1,135 new validators leading to 36,000 ETH passive lock-up, the expected lock-up of more than 50% of ETH now looks to be a long way off. https://t.co/ndwuemWOt3

Phyrex: At present, the total amount of locked up has reached 19,837,380 ETH, accounting for 16.53% of the total outstanding, although there are still a large number of validators waiting in the queue to activate. The waiting time for activation has shrunk slightly to 45 days, but the increase in the number of piles has declined. Currently, there are less than 3 million ETH waiting for entry, and the exit time has shortened to about 6 days, while the queue has risen to about 133,000 ETH. https://t.co/NcACJ5YBhG

Phyrex: Moreover, from the perspective of other chain data, the overall liquidity is still at a low level because it is still in the state of the weekend. From 12 noon yesterday to 12 noon today, the transfer data of BTC on the chain can be found by looking at the green words. The transfer volume of BTC on the chain within 24 hours is only about 30,000, which is already a relatively standard weekend data. According to the circulation, $24,500 to $26,500 is the most active https://t.co/WWXkEnxeNQ on the weekend

Phyrex: The second is the overall loss chip with a cost above $31,000, which also represents the majority of medium - and long-term investors. This transfer volume is relatively normal. The average loss per hour is around 140 BTC. According to the data of long-term BTC holdings held for more than a year, the number of long-term BTC holdings has not been reduced by the decrease in the $9,000 range, rising to 68.905% of total circulation as of 8am https://t.co/q2jZAYqEFP this morning

Phyrex: Once again broke the record high, which indicates that the cost reduction at $9,000 is smaller than today's newly promoted long-term holding data. Medium - and long-term BTC holdings, which have not moved for more than half a year, have also continued to rise, rising again to near 14.474 million coins as of 8am this morning, accounting for 74.58% of the total circulation. The trend of BTC in the long and medium term can be clearly found. https://t.co/jQDU1yjeEw

Phyrex: After all, there is a strong correlation between the biggest pain point and the price of BTC and ETH. With the arrival of the fourth week of June, the nominal capital of BTC to deliver options on this Friday has increased to 540 million dollars, up more than 30 million dollars in a weekend. It is estimated that the notional fund will reach more than $600 million by Friday. ... https://t.co/6aKnCdpO8L https://t.co/qQpukCPXHq

Phyrex: In the morning, I checked a lot of content and found that there was nothing to write. In terms of macro, because Europe and the United States are still in the state of the weekend, the three major stock index futures have a slight downward trend at the opening, but it is not serious for the time being. The decline should be a continuation of the last weekend before the Federal Reserve officials about the possibility of resuming interest rate hikes in July, this issue we have said many times before. ... https://t.co/Ho2QhzQrvr https://t.co/eKsFit4abt

Phyrex: After looking at the BTC holding time, it is necessary to divide the BTC holding interval data into three different ranges. First, the BTC holding less than ten BTC is counted as small-scale investors, while the BTC holding between ten and one thousand BTC is counted as mid-end users, and the BTC holding more than one thousand BTC is the whale user. ... https://t.co/ercPYbsAFx https://t.co/8dDLIUAt9K

Phyrex: There were a lot of things that happened this week that were a mixed bag for the risk markets, but that kept the market going. Whether or not the Fed is going to raise rates in July or beyond, it's going to be the end of the second phase of the process, maybe a bit later than we thought, but it's still going to happen, Core inflation in the US is still not optimistic, which means the Fed is still going to keep interest rates high... https://t.co/RLbfDCYUEf https://t.co/jzyYzkfRrq

Phyrex: Today I found the full process and judgment documents from the District Court for the District of Columbia regarding the SEC's lawsuit against BinanceUS. Any new developments will be updated directly above. Courtlistener, while not official, is a database for almost all cases in the United States. Although it's in English, I think everyone can read it. ... https://t.co/YmFO5wNcGj https://t.co/5K4nKuu1jQ

Phyrex: I can understand how everyone feels, and I wish this shit could be over as soon as possible, but it's not. The signed settlement is a confirmation that BAM Trading's assets will be taken over by BinanceUS's U.S. team management. The SEC has agreed with BinanceUS on this matter, and that's it. This is the first step in a long journey. We haven't even started yet, but it's a good start. https://t.co/pOSpcVBLr3 https://t.co/326EBtMYgy

Phyrex: Life goes on, good or bad, satisfied or not, and the world is not always as good as you think. The weekend itself is the most illiquid time, every week. What is also said every week is that after Friday, although temporarily out of the control of the maximum pain point, it does not mean that you will not fall into the maximum pain point's grip. ... https://t.co/all6cHztQd https://t.co/e5uncIgGfe

Phyrex: Some people said today that the SEC and BinanceUS settled because of the move of BinanceUS assets back to the United States. This is not a settlement, it's just the first step in the trial as we said last time, as we explained last time, that the SEC and BAM Trading (BinanceUS's controlling company) have reached a preliminary agreement to not freeze BAM... https://t.co/YrFDVh3ySQ https://t.co/LjA7XWC2p0 https://t.co/LTEnjewCQd

Phyrex: Some people said today that the SEC and BinanceUS settled because of the move of BinanceUS assets back to the United States. This is not a settlement, it's just the first step in the trial as we said last time, as we explained last time, that the SEC and BAM Trading (BinanceUS's controlling company) have reached a preliminary agreement to not freeze BAM... https://t.co/nng3NCCret https://t.co/WTPBMSXgJO https://t.co/LTEnjewCQd

Phyrex: With the arrival of 4am ending the week for the US stock market, the quarterly Quadruple Witch Day still ended the S&P 500's six-day winning streak, but unlike the US stock market, #BTC and #ETH prices rose significantly after shaking off the grip of the biggest pain point (Chart 1). Also as of 4 am, the price of BTC futures reached $26,445 and ETH rose to $1,723 on the CME. ... https://t.co/ntcLZJI1Xn https://t.co/g5JjIlJJLZ

Phyrex: Finally, although the market is not good, the NUPL data of long-term holders issued yesterday is still very welcome. This data from the history from the beginning of BTC statistics to now if you enter the surrender stage (red), it will certainly be profitable to buy. Although there are not many times in history, each time is indeed the bottom of the current stage. ... https://t.co/wKgFDO6Rf4 https://t.co/TZZelCq9SC https://t.co/pYVljXFF3t

Phyrex: It was exactly what I had expected in the morning, but I wasn't happy at all. It is true that the CPI strengthened to make up the CME's gap on Monday, but it did so with a pin (Chart 1), which shows that the biggest pain point was that the opportunity was not prepared at all, just to suppress prices, and the volume was also quite high. What's more, the CME has been on a downward path since it closed the gap, and currently #BTC... https://t.co/cxMq6jx6je https://t.co/4kOhBZYI4g https://t.co/mTHfx0c2r3

Phyrex: Both expected and unexpected. Indeed, the inflation data is good, not only lower than the previous value but also lower than expected, which is very good data (Figure 1), so the overall risk market has shown an upward trend, but the strength of the upward trend is not intense enough, of course, the last two days have been expected to rise, but the three major stock index futures generally rose less than 0.5%, Dow Jones futures even fell. Even #BTC and #ETH... https://t.co/QZ1WXDSyaO https://t.co/FuyLtryfke https://t.co/q3y7ur6Ng0