Hello, this is Coin Informant. Today, the video I prepared is a summary of the situation of Bitcoin, Ethereum, and altcoins. I titled the video something like this, Bitcoin, Ethereum, Altcoin Situation Summary. Lately, I've been uploading videos every few days, and there are so many things I need to convey now, so I'm not sure if I can cover everything at once, but let me give it a try. First, on Friday, the employment figures were released, and the price dropped a bit. The price is currently at 67k, hovering around the support level I mentioned. So, altcoins have dropped even more. Many people seem to be a bit scared right now, so I prepared this video to summarize the situation. Firstly, there is absolutely no need to be scared.

Because every time I say this, anyway, now it dropped to 56k and rebounded at 67k, playing around at the upper level. However, it could drop again to around 65k. For example, it might drop and then rise again. If you look at it now, it kept supporting at 59k. If it breaks 59k from below, it might drop sharply to 51k. People panic when that happens, but then it rises again, breaking through 67k. It also tested 62k, then fell as it hit resistance, hovered, tested 72k again. Seeing the employment figures slightly improving, it is currently in a slight decline. But as I mentioned before, the U.S. employment situation has not improved at all. For example, looking only at non-agricultural employment, if employment improves, it doesn't mean interest rates will not rise.

I judge that you should not think. So, if you look, I've been saying this every time. Around 65.5k, no matter how you look at it on the chart, when you look at it with Fibonacci retracement, around 65k, it was going to act as a support level. If you look now, between 66.5k and 65.5k, if this support level is broken, there are a lot of selling volumes waiting to be cleared. So, before a significant rise, it is common to clear out these volumes. Therefore, it is possible to break through the 65.5k level again and move on. And selling now at 65k, that's absolutely not the case. I have been saying this for about two weeks now. I advised to buy ES at 67k and from now on, it's the territory of holders, the territory of hodlers. Whether it goes down or not, you must hold on no matter what, I mentioned. So, if you bought at 67k, even if it drops to around 65.5k, you shouldn't sell.

You don't need to be scared. If you came down to 65k to get scared, then you might need to be a little scared when it can't rebound and keeps going down. That's what I think, so don't be scared until then. Even if it briefly breaks 65k and goes back up, there's no need to worry. There's no need for panic selling at all. So, if you look at it, what I'm saying now is quite important. Bitcoin dominance. Bitcoin dominance. When Bitcoin dominance rises steadily, then drops, and then ants start gathering altcoins, and as ants join in, Bitcoin dominance continues to drop sharply. And when it drops to a certain extent, something starts to decline, and the point where the decline ends is almost when Bitcoin dominance hits its lowest point. That's when it's almost the bottom.

I always mentioned that Ethereum ETF would be issued, and now analysts are saying that there is a 75% chance of it being issued. Articles like this have been popping up, and as Ethereum rose by 20%, Bitcoin dropped. So, I roughly drew a line like this, indicating that from 2022, Ethereum dominance hit a low point and has been steadily rising. So, I thought that the explosive appearance has not come yet. Even now, due to Ethereum, Bitcoin, which had dropped, has recovered. Therefore, Bitcoin dominance is currently maintained at around 55.5%. I think things are going well. Also, I will do a bit of a review today because I need to assess the market situation. I believe it was in June or the end of May, when it was around 67k ES.

I have been saying that it is good to buy, it is good to buy, and from now on, no matter when the rise explodes, it will not be strange, so from now on, be alert. This could be the last opportunity. I have been repeating these words. After uploading the video, we saw the Mount Gox wallet movement, and we missed it a little. And regarding the Mini, we repaid 20 billion to bondholders. Since this was repaid in cash, there were quite a few selling volumes. For example, in the case of SAB 11, Biden has exercised the veto power again, and non-agricultural employment figures have exceeded expectations, making the interest rate and outlook somewhat unclear. I thought there would be an interest rate hike in September, but now people see the probability a little lower, and as a result, several bad news broke out.

Many negative factors that can cause slight adjustments in a short period have emerged a lot recently, but the 67k range is now holding up quite steadily. If you look at it this way, and this week, the CPI, PPI, and the base interest rate will be decided, and probably the dot plot will be released tomorrow. The dot plot is just a chart where the members of the U.S. Federal Reserve indicate how many times it would be good to raise interest rates in which month. So, in March, they marked three times, and prices kept rising steadily. From what I see this time, even if it marks only about twice, prices may still rise a bit. There is also Powell's press conference, so around 3 a.m., the buying sentiment is somewhat weakened because we don't know how the announcement will turn out.

If it comes out negatively, the price will now drop, so the buying sentiment is currently depressed. Therefore, the number of non-agricultural employees is also slightly better than expected, leading people to have a misconception. Also, as there are some major announcements now, the buying trend is slightly weakening. If you judge it like that, it should be fine. And now, there is one more reason for the price to drop. I debated whether to mention this, but I decided to talk about it. It's down below, so please wait a bit. Yes, in the case of altcoins, the rejection of SAB 11 had an impact. Altcoins are affected by various things. As I mentioned in a previous video about 2 weeks ago, if you buy altcoins now, you'll make a profit. That was the content I shared in the previous video, related to FIT1 modifications.

Yes, this is about classifying coins as digital assets and products, not as securities. A bill was proposed in this way, but looking at the revised content, the modifications are strangely made. For example, it's not about recognizing it as a new asset instead of securities, but now it classifies into limited digital assets and digital products, which is not very favorable. It's not considered securities, but rather limited digital assets, so the SEC manages this. Therefore, they can't even be sold on exchanges; it's kind of a situation like that, and it's being revised now. This doesn't mean the bill has passed or anything like that, so there's no need to worry too much. However, some negative news is coming out for altcoins, so traders need to be a bit cautious. I have mentioned this. So, additionally, after the approval of Ethereum ETF, the next in line could be Solana or Ripple, causing those who missed the Ethereum price increase to be disappointed.

It was a good timing to enter various alts like Solana and Ripple, but I mentioned that approval should come from the spot before futures. Once the futures are listed, it is necessary to check for any possible exploitation of price differences between futures and spot, etc. Therefore, futures must be listed first. However, since the futures market has not opened yet, the spot market is a distant future story. Retail investors couldn't even touch it, so let's wait for the next opportunity like Solana. I didn't recommend buying at that time because the F amendment content was a bit negative towards altcoins. It's starting to take effect now after two weeks.

Altcoins are not pumping much, and Bitcoin is recovering well at the moment. In such a situation, as I mentioned before, I said it's okay to buy Ethereum for the reasons I explained earlier. Anyway, Fit 21 is a revised version, but it's not very good because of the limit. Therefore, it is now somewhat affected. When it rose by 20%, everyone suddenly bought spot goods healthily, not because the price went up. The fluctuation of Bitcoin prices daily is greatly influenced by futures. For example, when futures funds buy and sell options, there is a surge. So, even in the case of Ethereum, when the news that Ethereum can be approved came out, the reason for the 20% surge was that futures funds were now buying.

We have captured a lot of properties, yes, so there was a surge, and now we are focusing on profit-taking. Ethereum is currently fluctuating slightly downward. That's how you should assess it. Yes. However, Ethereum will eventually be approved, and partial approval has already been granted. When it is issued, the price will pump up again. So, for those who do not currently hold Bitcoin, it is good to hold other altcoins and Ethereum, and when the Ethereum ETF is issued, it's good to ride that pump. That's what I mentioned. Another thing I want to mention is that recently, the ETF Pro has been receiving funds for about 19 days. A huge amount of funds has been flowing in. However, despite such a significant inflow, why is the price of Bitcoin still like this?

I kept thinking that I couldn't pump up loudly. So, I was debating whether to talk about this part or not. Well, I'll talk about it. So, what I mean is, if you see this as a short selling of Bitcoin futures positions, it has increased tremendously. At this point, it has increased tremendously. And what this means is, CME ES, this green line, indicates that ETF funds are coming in. Then, in the case of the blue line, it represents CME's short selling. So, if you consider it as futures short positions being taken, it's been increasing significantly. Especially recently, it's been following a very similar pattern. So, when ETF funds flow in, the short positions in futures at the CME exchange continue to increase. What does this mean?

This is not my opinion, but now overseas traders, analysts, are saying that hedge funds are buying ETFs, taking futures positions, trading options, and generating profits from price differentials on both sides. Many discussions like this are happening. So, if I may add a little bit on this topic, what do people like this think? When a lot of futures short positions are taken, if someone triggers a big rise by eating up this short futures volume, we could see a significant surge, like the massive squeezing that happened with Volkswagen or GameStop in the past. This is what was mentioned. However, other analysts have a different perspective. They see it as just an investment strategy to generate profits from price differentials.

It's just that, so now, there doesn't seem to be a huge surge like GameStop or Volkswagen happening, you know. There are two different perspectives on this. It may sound a bit complicated, but in the end, for example, a hedge fund can sell ETFs in bulk, go short on futures, and generate profits. On the other hand, if some significant good news comes out or if really strong financial forces come in and devour all these short positions, they could create a massive pump. These are the two perspectives. Ultimately, even if they sell the actual assets and profit from the short positions, when the short positions generate profits and they close the position, the price goes back up by that amount. So, in the short term, the price may drop, but it is easy to recover from this.

If, as this person says, a donation of shoes occurs now, there could be a huge surge, so what I'm saying is, even if there is a decline, we need to hold on now. You must endure no matter what, do not waver until the end. Hold on to it. And yesterday, June 10th, this kind of content came out. This means that a letter sent from the U.S. Senate to Fed Powell, the content of the letter is that the senators believe that the current interest rate of 5.5%, the highest level in 20 years, is wrong. Therefore, they are urging for a quick rate cut. Maintaining this high interest rate for a long time is failing to address the main factor of inflation, so there is no need to drag it out for a long time. In Europe, for the first time in five years, they have implemented an interest rate hike, and in the U.S., the Fed is also now doing the same.

It is time to take action. The current interest rate policy is increasing housing and car insurance costs, threatening the economic health instead. The interest rate policy could also lead to unemployment among American workers. So, they are talking about quickly adjusting the interest rates. In the U.S. Senate, ahead of the presidential election, they are pressuring the Federal Reserve. They sent a letter on June 10th saying, Hurry up and raise the interest rates. Also, one of the reasons Bitcoin is falling is because a Coinlist article came out. The article is not highlighted in orange but in gray, making it seem insignificant. If you read the article, it mentions that the likelihood of the Senate passing cryptocurrency regulation bills is low.

What nonsense are you talking about? Most people will just pass by, and right now, the mass media is not really covering it extensively. But when I think about it, this is quite an important matter. So, what is it about? On June 6th, an article was first published in CoinNess. How did this news come out? The president's digital asset blocking order is now being inserted into another bill. This kind of story came out. What is the content? If you take a look, a bill has been passed to prevent the use of cryptocurrencies for terrorist financing. What is this bill about? It is about making the process of sending digital assets more rigorous, requiring identity verification and other procedures. So, in the case of virtual asset bills, global attention is now focused.

You know, if we introduce a strange bill, there will be criticism towards Biden, and now even the members of the U.S. Congress are facing criticism. So, they inserted a provision regulating cryptocurrencies and digital assets into a bill related to terrorist financing. Yes, that's right. So, this is really not a good thing. But there is a lot of dissatisfaction even in the U.S. Senate. If you look at it, this provision could suffocate digital asset businesses, and it may become the most important policy among U.S. cryptocurrency policies adopted so far. It passed the committee unanimously with 170 votes. However, the cryptocurrency sector was not publicly mentioned, and its key provisions were not even included in the bill. So, even in the Senate, they passed it without fully understanding the content, which is why dissatisfaction is starting to arise. Therefore, this bill now requires significant revisions.

I'm talking about something that is necessary, so whether this will be realized or not, I don't know, but anonymity is crucial in cryptocurrency. However, there is a bill that seriously threatens this, such articles have been published recently. So, it's not widely known, so it could unnecessarily scare people who currently hold it. I keep telling you not to worry about this right now. From now on, it's about holding, and until the presidential election ends, what's important is how much the coin will rise. Buying and selling based on specific issues is very risky. It may just end up raising the average cost, so my position is to just hodl. Yes, that's my position. Well, this is a bit of my perspective to share.

I am now thinking that this quarter's economic indicators may not turn out positively. For example, when I analyzed the CPI in May, as you know, the expectations for May's CPI were not very high, but prices surged due to the sharp increase in gasoline prices that month. Although gasoline prices have slightly decreased now, since the expectations for May were slightly exceeded, I anticipate that June may turn out even better. I had these expectations in May, so tomorrow's CPI may also turn out well. Additionally, I believe that Powell's speech and the release of the FOMC dot plot will also likely be positive because the presidential election is in November.

Now, slowly, I will start talking about positive content and indicators should be presented. Before the presidential election, in September, we can have a rate hike. So, in my opinion, I expect that this indicator announcement might turn out a bit positive. Therefore, what I hope for is, rather, that the CPI exceeds expectations a bit or something like that. With the Fed's Powell sharing a lot of positive stories and indicating that they might raise interest rates twice, rebounding again, I would prefer to tidy up the volume around 65k, in that area, and go. I hope we could have a refreshing sale after clearing out the already dropped 67k. That's my hopeful situation. Anyway, the video I prepared ends here today. The content of today's video may have been a bit extensive and somewhat challenging, but let's all not be too scared and endure it well. Also, now, like altcoins.

In any case, even if I have been too negative, regarding the Fit 21 related legislation, no matter how it is revised or whatever negative aspects there may be, it doesn't matter for altcoins. Because when Bitcoin bull market comes, there are various forces that now start pumping to lure in the ants, supplying liquidity and pumping. When they stop pumping, those ants, like us, who have been watching YouTube, studying for a long time, reading the market, but when something big happens later with Bitcoin skyrocketing, those new entrants who come later, because they lack the knowledge, Bitcoin has risen too much, so they try buying altcoins that haven't risen much. So, whether regulations are good or bad, at the end of the bull market, altcoins will pump.

They always come, even if it's risky. That big pump comes once, so if you hold alt, don't be too scared. Those who came in to make big profits with altcoins should also be prepared to take on the corresponding risks. So, don't be too scared at the part where the price drops, hold on until the end, endure until the end, and enjoy the rise that will come out in the end. Take enough profit by quickly taking profits. That's what I'm saying. Today, I will finish the video prepared here. Thank you for watching.

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