🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
🌟 How to Earn Growth Points for the Draw?
1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
🎁 Every 300 Growth Points to draw 1 chance, win MacBook Air, Gate x Inter Milan Football, Futures Voucher, Points, and more amazing prizes!
⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
#GrowthPoints#
📶📶📶What is altcoinbull? Ignoring BTC pullback, moving forward without hesitation, that's altcoinbull!
The trend from last night to today is like this. BTC was scared by the $2 billion transfer from the US government, directly falling from 97300 to 93600, a drop of over 3000 points. Although various experts have come out to explain that it is only custody, and even if it is sold, it will be in the form of OTC, which will not affect the market, there are indeed Market Maker funds starting to dump. My understanding of this pullback is that some people are selling according to plan, and this part of the funds is not worried about the US government's dumping. After all, Trump will soon take over the government. Trump has warned the government not to sell coins before, so I believe he will definitely not allow anyone to do such a thing in his government. This part of the dump should be purely for hedging. Last night, a Bloomberg reporter put forward a point of view, saying that Trump's inauguration will be a short-term market peak, giving the explanation that the current market has fully priced in Trump's promises, and the actual effect after Trump takes office may be discounted, leading to a pullback in the coin market. This point of view is not without reason, but personally, I think giving up the long-term (Trump's four-year term) continuous pump of BTC for such a short-term prediction is a bit like giving up a watermelon and picking up Gate.io. Furthermore, the external funds flowing into BTC are still very strong. MicroStrategy recently purchased 15,400 BTC, worth $15 billion, and last night BTC ETF continued to flow in $350 million. The cumulative inflow this month has reached $6.5 billion, all of which indicates that BTC has strong momentum, so in the short term, I don't see the peak of BTC. Reaching 100,000 is really not a difficult target, it might break through with just a slight shake.
Emotionally, not to mention, this wave of altcoins is enough to slap those sellers in the face, as I often say, altcoins and BTC have strong reflexivity. Although the altcoin market is a carnival for retail investors, it can bring strong emotional value to BTC and promote the use of leverage in the market, increasing the turnover of coins. Everyone should have noticed that the stablecoin pledging track has risen again recently. The usde market capitalization of $ena has surpassed $dai, and the Interest Rate for stablecoin deposits in $aave has reached 30%-50%. @usualmoney even offers 40%-70%. CEXs like Bitfinex have joined the high APY army, offering deposit Interest Rates of 10-30%. The rise in stablecoin Interest Rates is just the first step. The market is cultivating leverage. Next, the mortgage lending of $btc, $eth, and $sol will rapidly grow, and soon we will see the borrowing of u by pledging eth, then using u to buy altcoins, pledging altcoins to receive u, and then buying altcoins in an infinite loop, maximizing capital efficiency. At this time, it will be a super altcoin pump, and the improvement in the overall market's capital efficiency will benefit the BTC market. OTC funds continuously getting on board will make BTC continue to climb the stairs. In the case of continuous increase in funds, altcoins and BTC will appear in a pump mode where one foot steps on the other. This pattern has appeared in several previous bull markets. The most reasonable strategy in the current market is to hold a 7-level Position + 3-level flexible Position. Spot holds coins for a rise. Trend-based trading is used for contracts. 🥳🥳🥳🥳🥳🥳