Ali Charts: Bitcoin will hit bottom in October, recommended to invest in the range of $48000 to $62000

Michael Saylor stated that Bitcoin has fallen by 47% in the past year, while Strategy's digital credit tools have shown a performance ranging from a 27% decline to a 9% increase, with STRC rising by 9%. Financial engineering can reduce downside risks.

CryptoQuant analyst Darkfost stated that the number of BTC that have not been moved for over 10 years reached 3.56 million, accounting for 17.7% of the circulating supply. In the past 30 days, 14000 BTC have joined this long-term dormant category. This trend has reduced the actual circulating supply of Bitcoin.

Markus Thielen from 10x Research discussed the psychological impact of Bitcoin reaching a price of $1 million on investors on the Trade Secrets program. （Cointelegraph）

Tether CEO Paolo Ardoino stated that Tether currently has no plans to build any blockchain, and the company will continue to maintain chain neutrality and support multiple blockchains as transmission networks for USDT.

According to the chip distribution data, Binance BTC/BTC/USDT is currently trading at the concentrated price of $63405.35 in the past 3 days. A total of 1929 BTC has been traded near this price, with active buying of 1006 BTC and active selling of 924 BTC. Operation strategy: Pay attention to the attack and defense of $63405.35. If you successfully hold/break through, this area may become an important resistance; If encountering obstacles and falling back, the price may seek a new equilibrium upwards. The PRO 'Chip Distribution Chart' allows you to view the performance of the chip peak over different periods, helping to determine the strength level of support or resistance. The data is for reference only and does not constitute any investment advice.