Rage Trade raised $6 M in a Public Sale round on 2024-07-31.

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Talking about the market background, at the beginning of the passage of the Bitcoin ETF, although there was a large influx, due to the largest grayscale management fee of 1.5%, which is several times that of others, it caused a large number of redemptions (selling coins for cash), which had an impact on the market. After the grayscale outflows slowed (late January), ETFs began to see consistent net inflows, driving BTC prices higher. It is noted that the BTC adjustment also ended in late January, and the currency price is completely consistent with the net inflow trend of ETFs. Let's talk about my personal opinion. This wave has broken through new highs, and I know that there are many people who are short. With the sluggish domestic economy and a number of other factors, it's hard to believe that the bull market will start so early, and at the end of the day – the environment has changed. Americans directly use USD to buy currency, which is essentially a bug of the US dollar global settlement system, and countries outside the United States need to use USDT, but USDT is limited by foreign exchange reserves, and the current US federal benchmark interest rate is still running at a high level, which seriously suppresses the growth momentum of USDT. What are some examples? There is a price difference between the gold price in Hong Kong and the gold price in the mainland, and many people have started to move bricks to arbitrage The Egyptian pound plunged 50% against the dollar in a day USDT rose to 7.45 against the yuan, and Europe closed up 3 pips. It is extremely rare for the currency price to rise in tandem with the U price. The essence of these phenomena is a shortage of dollars. In other words, there are many, many investors who want to get in the car, but the door is welded shut by Powell. The current situation in the field is that you can make money lying down with you, and you don't need to engage in any complicated arbitrage actions. When the price of U falls sharply, it is the day of the market rage, let's witness it together.

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