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#PI#Many people do not know how Ethereum was created and how it has come this far. Today, with a wealth of experience behind us, let's popularize this topic for everyone. It's truly more exciting than a TV drama. Phase 1: In July 2014, ETH was issued at a price of 1.86 yuan. After the issuance, the price traded sideways between 1.4 yuan and 2 yuan for a whole year. Most people couldn't hold on and sold off, essentially making no profit, and some even lost money. Phase 2: In August 2015, it rose to 23 yuan, ultimately increasing by 12 times. Many people took profits and exited. By November, it fell back to 2.7 yuan, a drop of 90%. During this significant fluctuation period, over 90% of people had sold and exited, while some were still cutting losses and facing losses. Phase three: 2016 was an exciting year. In March of that year, it entered a period of rapid growth, soaring directly to 98 yuan, a 36-fold increase in just one month. Unfortunately, less than 10% of people enjoyed this wealth increase. In April, it plummeted to 45 yuan, and many began to shout that Ethereum was a scam. They did not know it soared to 138 yuan in June, dropped to 54 yuan in August, rose to 92 yuan in September, and fell to 38 yuan in December. This year can be described as turbulent and unpredictable. Although the third phase in 2016 experienced ups and downs, it laid a dual foundation for the popularity of Ethereum and the market. By March 2017, it directly soared to 350 yuan, increasing ninefold within three months, and then the "ICO" craze that became popular in China emerged, with all projects issuing tokens on the Ethereum public chain, and all the funds raised by these projects were in Ether. By June 2017, the price had risen to 2660 yuan, a staggering 70-fold increase in six months, then dropped to 850 yuan in July, a 78% decline, rose to 2520 yuan in October, and climbed to 3280 yuan in November, peaking at 9100 yuan in January 2018. In just over three years, Ethereum increased a total of 4900 times. Stage 4: In 2018, the bear market cleansing pattern began. Starting in March, the price dropped from over 9000 yuan to 2280 yuan, a decrease of 75%. In April, it rose to 5380 yuan, then fell to 1070 yuan in September, a decrease of 88%. The most severe was in December, when it dropped to 525 yuan, a direct decrease of 90%. Phase Five: In June 2019, the price rose to 2350 yuan, then dropped to 720 yuan in December. In March 2020, when the price fell to 312 yuan, everyone was frightened, and then it plummeted to 550 yuan, a decline of over 88%. It wasn't until the rise of DeFi from October to December that a turning point occurred, with the price rising to 5720 yuan. Then, the price began to rise again. Phase Six: On November 10, 2021, the monthly increase reached 31,200 yuan. In less than 7 years, it has grown 15,000 times. If you had bought it for 1,000 yuan back then, you would now have 15 million yuan. Ask yourself, can you really handle it? #PI#
BTC stabilizes below major barrier, risk-off mood continues Bitcoin's 200-day EMA around $85,500 represents resistance; a closing above suggests recovery. US spot Bitcoin ETF has had two consecutive days of inflows this week. Bitcoin has fallen, with higher correlations showing risk-off sentiment, according to K33. Bitcoin (BTC) trades at $83,300 on Wednesday after experiencing resistance around its 200-day Exponential Moving Average (EMA) around $85,500 since last week. A break above this level suggests a rebound. For the second day this week, US spot Bitcoin ETFs have seen inflows, indicating a decrease in sell-side pressure. According to a K33 research, Bitcoin has fallen and correlations have grown, signaling market risk-off attitude. The FOMC meeting might cause Bitcoin volatility. Bitcoin has fallen, with higher correlations signaling risk-off sentiment, according to a K33 research on Tuesday. Due to uncertainty, traders are cutting exposure, and the FOMC meeting is unlikely to change this as markets concentrate on fiscal policy and Scott Bessent's 10-year yield strategy. The report says the market is united on no interest rate adjustments for Wednesday's FOMC despite lowering inflation and a small US unemployment rate hike. Market-implied probabilities predict a 22% possibility of a 25 basis point (bps) drop in May, increasing to 56.3% by June. As the market digests the dot plot and FOMC press conference direction from Federal Reserve Chair Jerome Powell, these chances suggest significant volatility. FOMC usually causes volatility, but US budgetary measures have moved markets recently. The paper adds that tariffs and their back-and-forth have caused considerable downward volatility, raising concerns of an economic downturn. As countries react to changing trade measures, April 2 reciprocal tariffs may increase volatility. Despite US Treasury Secretary Scott Bessent's efforts to cut the 6.7% US deficit to GDP, economic concerns have lowered the 10-year Treasury yield. #BNBChainMeme #USTariffs #BTC $BTC
Something’s been on my mind lately. BTC.D, a leading indicator for many, has been in an uptrend for a while now. Expectations have been shattered, leaving plenty of traders surprised. The ETFs have introduced a massive wave of demand, pushing BTC.D significantly higher than it likely would have been without them. Price action, of course, isn’t just a matter of technicals, supply is being actively removed from the market, and demand is pouring in. That alone makes comparing this cycle to previous ones tricky. If you’re setting BTC.D targets purely based on past cycles, without factoring in ETF net inflows, you’re likely missing a key piece of the puzzle. Now, with alts being present and BTC.D being a reflection of BTC’s market cap relative to the total crypto market cap, we need to zoom out. If TOTAL2 (altcoin market cap) has remained relatively stable (or went up) while BTC.D continues climbing, that tells us BTC’s dominance is being driven by its own growth rather than an overall decline in alt market cap. AKA (partially) due to the ETFs inflow, and that’s a crucial distinction. Also worth noting: USDT.D isn’t impacted by ETFs the same way BTC.D is, since those flows are primarily coming from traditional finance. Yet if USDT.D hasn’t shown a significant drop, the money flowing into $BTC isn’t coming from the crypto market either, and it might be still to come? Put all of this together, and it suggests there’s still plenty of retail money yet to enter BTC. That explains why alts have been bleeding, why another leg lower is still on the table, and why pairs like ETH/BTC are struggling. BTC will always be in the spotlight, whether we like it or not. Curious to hear thoughts from some people I really respect in the space: This isn’t some ultra-complex thesis, just a perspective worth considering. And no, I’m not posting charts. The point here isn’t to stare at lines on a screen but to think about the bigger picture.