The pie is still around 50,000, why did the panic index drop to 30?

Hello everyone, I'm Pepe, today's market is really interesting:

New Leek wakes up: Where's my money? ? V God: I donated for you.

The old leek woke up: where is my money? ? Ma Yilong: I think Bitcoin is not environmentally friendly enough.

In this farce of the zoo, new friends have experienced the efficiency of the currency circle. The money earned from delivering food yesterday can help other Indian brothers today. In fact, there is no loss in the currency circle. If you feel that your money has disappeared , it actually just exists in another form, maybe when it will come back again [add dog head here].

As for veterans who have a good grasp, if they hold positions in the past two days, I think today, no matter whether they are pancakes or cottages, most of them have a "floating loss" of ten to twenty points.

Crypto Analyst: Bear Market Will Maximize Bitcoin Value for Many: Golden Finance reports that renowned cryptocurrency analyst Benjamin Cowen comments on his expectations for altcoins vs. Bitcoin in the current bear market . A bear market will max out BTC for many of you. Cown also believes that BTC's current market value of around 45.6% will increase to 60% later this year. (cryptoglobe) [2022/6/13 4:21:17]

In fact, this wave of decline is considered normal, but there is an indicator - the panic and greed index:

Blockchain will help Philippine banks double their business this year: On March 16, Union Bank of the Philippines (UBP)’s (UBP) financial technology arm UBX grew 44-fold last year, indicating the banking industry’s growing acceptance of new technologies high.

UBX launched i2i in 2019 as a banking-as-a-service platform serving rural communities. The platform provides financial services such as ATM withdrawals, fund transfers, collections and deposits for ordinary merchants, such as small shopkeepers, general merchandise stores or any registered businesses.

The Philippines is a rapidly growing economy with a population of over 100 million. However, 70% of citizens have limited access to banking services. A third of the population lives on less than $2 a day.

The World Bank's business survey shows that SMEs are hampered by lack of access to financial services, impacting their operations. Blockchain can bridge the financial gap, allowing small businesses to build and grow by adopting and embracing the technology.

Yosuico explained that using blockchain and open finance technologies can open up a world of new opportunities for merchants, from digitally processing loan applications, to selling insurance and conducting know-your-customer (KYC) checks.

\"As a strong ally of the government and industry, we are committed to building and developing more financial solutions to bring banking services closer to Filipinos," Yosuico said. (Beincrypto)[2022/3/16 14:00:53]

It hit 31 today:

U.S. stocks blockchain concept stocks rose before the market, Canaan Technology rose 4.08%: According to news on December 21, the market showed that U.S. stocks blockchain concept stocks rose before the market, BitDigital rose 5.55%, Riot Blockchain rose 5.2%, Canaan Technology Up 4.08%, Coinbase rose 2.5%. [2021/12/21 7:53:49]

https://alternative.me/crypto/

(I don’t know why this website is a bit memory-intensive, just open it and glance at it when the market fluctuates)

Golden Noon News | List of important developments at noon on October 31: 7:00-12:00 Keywords: Ronaldo, Bitcoin ETF, digital RMB

1. Manchester United star Ronaldo NFT trading card will be auctioned at Bonhams in November;

2. Glassnode: Bitcoin ETF drives CME BTC futures open interest and trading volume to new highs;

3. Central Bank: Digital RMB and cash will coexist for a long time;

4. Data: more than 22 more typical security incidents occurred this month;

5. The total transaction volume of Solanart in the NFT market on the Solana chain exceeded 500 million US dollars;

6. The total value of ETH destroyed by Ethereum exceeded 3 billion US dollars;

7. Payment and financial service technology solution provider Fiserv has reached a cooperation with digital asset platform Bakkt;

8. The Beijing Ministry of Foreign Exchange Administration conducts field research on the application scenarios of blockchain platform capital account income payment facilitation authenticity review; [2021/10/31 6:22:56]

Except for the correction at the end of last month, April 2020 is almost the same as this level. Personally, I think it is in a relatively safe area (if you like this indicator that trades on the right side, it may have little reference value). Of course, the market This time, the rapid change from greed to panic may also be due to the fact that we have fallen below the 120-day moving average this time, which is pessimistic in the eyes of many traders:

The callback in the last bull market was pulled back after hitting the moving average several times, but we can’t draw conclusions based on this. The trend line is not absolute. It may come back when it falls, but it still reflects the current market. It is a strong and weak state, so you can still pay attention to it. In the later stage, it will be seen whether it can stabilize above the 120-day moving average again soon this time, and whether it can successfully break through in the past one or two months. After all, In this area of 50,000 to 60,000 people, we have already fluctuated from spring to early summer.

There are still many signs that we are likely to be in the middle of a bull market development. One is that the new high was set last month, but the sentiment indicators have not reached the peak, and even the small wave in 19 years in history, looking back Looking at the emotional side and the price peak are both positively correlated, and those "judgment top" indicators we used to say have not reached the extreme value of the historical big cycle.

The other is that in this wave, we can still see the contrarian performance of some altcoins, and we can pay attention to the trading pairs of various currencies against Bitcoin, especially in the mainstream where there are many relative big pies, which is a rising state, so let’s take a look at it for the time being. In other words, I still prefer that this drama does not end so quickly. Of course, no one in this market or any indicator has a true God's perspective, so let's take it one step at a time.

Finally, let me tell you something interesting. You know that there are only a dozen ETHs in V God’s wallet now. Just kidding, it happened that this donation transfer was widely reported, and many friends found out, hey, V God’s address actually There is no eth anymore, has Ethereum really achieved decentralization?

0xab5801a7d398351b8be11c439e05c5b3259aec9b

In fact, V God still has a lot of ether. Looking at the records on the chain, it should be that more than 300,000 eth were transferred before the donation:

If you look at the history of the wallet, the more than 300,000 coins have been there for 19 years, and they were transferred to another address until yesterday.

It is still on that address. I don’t think this is about donating to someone. If you are interested, you can follow up and look at this address later. One is that God V also had a "escape from the top" action in history, and the other is ether. At present, it is still a wind vane of the copycat market. In addition, those who are interested can also see what projects V God is playing in his spare time. There is an address called VB2, which is also his. Currently there are 1000 eth in it, not only from time to time, but also a little manipulation , Donation is not the first time:

0x1Db3439a222C519ab44bb1144fC28167b4Fa6EE6

Well, that's it for today.

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