The third largest whale bought another 750 Bitcoins

The CPI announced by the United States last night was 7.9%, a new high in 40 years, which is exactly in line with expectations. The Federal Reserve will open the window for raising interest rates next week. According to previous remarks by Federal Reserve Chairman Powell, due to the uncertainty of the war, the Federal Reserve will act cautiously. Therefore, it is highly likely that the Federal Reserve will raise interest rates by 25 basis points in March, which is in line with market expectations. Bad news will be realized as good news.

The President of Ukraine signed a law on the forced confiscation of Russian and its residents' property in Ukraine, which means that the mutual sanctions brought about by the war will intensify, and the struggle of the country will shift to the tragedy of the people. The reconciliation of this war will not be so fast. The persistent consumption will cause global energy prices to rise, and future inflation will become more serious. Eventually, the economy will enter a serious recession. Therefore, everyone still needs to maintain a reasonable cash ratio in asset allocation to ensure that they can deal with any unexpected black swan events.

MicroStrategy CEO said that Bitcoin is the only known scarce asset. If I have enough money, I can create cars, watches, stocks, etc. infinitely. These are commodities, but Bitcoin is not, because there are only 21 million of them. The boss has not changed his view on Bitcoin and has actually held and bought it.

Payment giant Stripe has re-entered the crypto space, not just for payment functions. Stripe now also supports crypto businesses, exchanges, wallets, and NFT markets. Before Stripe announced the news, FTX had already chosen Stripe to build a payment system and reduce risks. FTX has also become the preferred exchange for many overseas investors to deposit and withdraw funds. Its seamless experience has won the hearts of foreigners.

In the crypto executive order signed by Biden yesterday, the word "risk" was mentioned 47 times and "opportunity" was mentioned only twice, which means that the executive order is heavily biased towards risk and almost completely ignores the opportunities that crypto technology may bring. This is the logic behind the subsequent sharp decline in the market. These expectations have passed, and the future is always bright.

Pantera Capital's blockchain fund has received a commitment of $1 billion in investment, venture capital firm Hack VC will launch a new crypto venture fund worth $500 million, and a former Credit Suisse executive has launched a crypto options trading fund and plans to raise $200 million. It can be seen that capital is still scrambling to enter the crypto market, which also means that capital is optimistic about its future.

ARK Fund bought nearly 130,000 shares of Coinbase this week. Wood is still buying, and signs of left-side participation are becoming more and more obvious.

Panic 22, turned into extreme panic again.

Coin News:

Bitcoin: The third largest whale bought 750 bitcoins again. So far, this address has basically taken back the previously sold bitcoins. Yesterday, Coinbase was withdrawn nearly 30,000 BTC again. The number of exchange tokens is decreasing. The weekend is expected to be relatively quiet. There is still room for callback below. Be patient and wait for opportunities.

Ethereum: Still linked to Bitcoin.

LINK: Whales have accumulated 17.1 million LINK in two weeks. The accumulation pattern continues, and there are still opportunities in the long run.

LUNA: The locked amount has soared to 29 billion US dollars, and the speed of increase is very fast. However, it is very difficult to continue to attack the current market price. The 100 mark is still a very strong pressure.

ALGO: The number of addresses has increased by 6 million this year, a 35% increase. The biggest reason is probably that ALGO can be used on mobile phones or smart watches, and can be directly bridged to ETH in the future. The current price is not high, so you can pay attention to it.

The big box will not change in the short term and will remain between 35000 and 45000. Have a nice weekend, and wait for the opportunity after the interest rate hike next week.