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PlanB: Still Believes Bitcoin Will Reach $500,000 by 2028

2 hours ago

On November 23rd, the renowned analyst PlanB stated, "Since 2019, my perspective has remained unchanged. In 2019, Bitcoin's market capitalization was $100 billion (with the Bitcoin price being around $5,000). The chart indicates that during the 2020 - 2024 halving cycle, Bitcoin's market cap will increase to $1 trillion (with the Bitcoin price being around $50,000). The chart also shows that by 2028, Bitcoin's market cap will reach $10 trillion (with the Bitcoin price being around $500,000), and this is still my view."
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Bitcoin's return rate in November this year is currently at -21.28%, compared to the historical average return rate of 42.49%.

On November 23rd, as per the data from Coinglass, Bitcoin's year-to-date return rate in November currently stands at -21.28%, as opposed to the historical average return rate of +42.49%. It was previously reported that on November 1st. Since 2013, Bitcoin's average return rate in November has been +42.49%, with a median return rate of +8.81%. Over the past 12 years, in November, there have been 8 increases and 4 decreases.

2 minutes ago

Analyst: Bitcoin RSI Enters Oversold Zone, Similar Scenarios in the Past Saw Rapid Reversals

On November 23rd, cryptocurrency analyst @ali_charts put out that the Relative Strength Index (RSI) of Bitcoin has entered the extremely oversold zone. In the previous two similar situations, the market witnessed a rapid rebound.

2 minutes ago

A whale went long with 2x leverage on 1425 ETH, with a position value of $4 million.

On November 23rd, as monitored by Onchain Lens, a whale deposited 2 million USDC into HyperLiquid and initiated a 2x leveraged long position in ETH. Currently, the position is valued at $4 million, holding 1,425 ETH, and there is a limit sell order set to close at a price of $2,980.

2 minutes ago

Coinbase: MON Token Distribution Coming Soon

On November 23rd, Coinbase announced the accomplishment of the MON public sale, having raised $269 million with an oversubscription of 1.43 times. 85,800 users from over 70 countries participated in the public sale, and the distribution of MON tokens is about to commence.

2 minutes ago

Uniswap Community Proposes "Uniswap Launch Fee Switch" Sanity Check Proposal

On November 23rd, based on the information on the official website, the Uniswap community has reached a 100% quorum on the "Uniswap Governance Proposal Threshold Check for Uniswap Fee Switch Activation" proposal. After this proposal was passed, a full on-chain vote will be carried out.

2 minutes ago

Polymarket forecasts a 32% chance of "Bitcoin Dropping Below $80,000 in November"

On November 23rd, on Polymarket, the probability that "Bitcoin will fall below $80,000 in November" is currently indicated at 32%, and the probability that it will fall below $75,000 is reported at 12%.

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