New airdrop claim:
https://genesis.dymension.xyz/
You can check by just putting in your wallet on different networks. No need to connect.
Eligible are:
Active addresses as of December 19, 2023 compiled from various protocols including Wormhole, Tensor, and Drip.
https://genesis.dymension.xyz/
You can check by just putting in your wallet on different networks. No need to connect.
Eligible are:
Active addresses as of December 19, 2023 compiled from various protocols including Wormhole, Tensor, and Drip.
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Tomorrow:
🟢BlackRock is seeding their spot #Bitcoin ETF with $10 million.
Dates of these participants is unknown:
🟢Bitwise is seeding theirs with $200 million.
🟢Hashdex is seeding theirs with $2.8 million.
🟢WisdomTree is seeding theirs with $2.5 million.
Seeding is buying an initial amount of an asset to have liquidity in the ETF.
Thinking about it 10million is like nothing, at least not for BlackRock.
200mio move markets, 10 million moves nothing.
🟢BlackRock is seeding their spot #Bitcoin ETF with $10 million.
Dates of these participants is unknown:
🟢Bitwise is seeding theirs with $200 million.
🟢Hashdex is seeding theirs with $2.8 million.
🟢WisdomTree is seeding theirs with $2.5 million.
Seeding is buying an initial amount of an asset to have liquidity in the ETF.
Thinking about it 10million is like nothing, at least not for BlackRock.
200mio move markets, 10 million moves nothing.
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Forwarded from ElevateEquity Trading®
Just to get this straight:
If the ETF gets delayed, alts will pump.
If the ETF gets approved, BTC will pump and dump, and while BTC dumps, capital will flow to altcoins.
If the ETF is approved, but the time of trading is in the distant future, we dump a bit and go sideways until the hype starts again.
If the ETF gets rejected, everything goes down. This is a less than 1% probability, though.
So, in every case, altcoins spot is the place to be.
If the ETF gets delayed, alts will pump.
If the ETF gets approved, BTC will pump and dump, and while BTC dumps, capital will flow to altcoins.
If the ETF is approved, but the time of trading is in the distant future, we dump a bit and go sideways until the hype starts again.
If the ETF gets rejected, everything goes down. This is a less than 1% probability, though.
So, in every case, altcoins spot is the place to be.
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Binance and ByBit are down that’s also contributing to the massive dump.
BitGet is still operational that’s why we recommend them.
500million of longs have been liquidated with the current low of 40.207 USDT.
BitGet is still operational that’s why we recommend them.
500million of longs have been liquidated with the current low of 40.207 USDT.
This hit piece did contribute to the dump in addition to liquidation cascades.
The whole article does not give a single reason why the analyst in question comes to this conclusion.
He doesn’t have any inside information or any kind of new insight.
It’s just the usual “too much fraud in the space” narrative.
The whole thing looks like a paid promotion to flush out leverage and buy at a discount.
Link 🔗
The whole article does not give a single reason why the analyst in question comes to this conclusion.
He doesn’t have any inside information or any kind of new insight.
It’s just the usual “too much fraud in the space” narrative.
The whole thing looks like a paid promotion to flush out leverage and buy at a discount.
Link 🔗
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How the original article from yesterday was called: link
How they make it sound: link
Pure bullshit by “The Block”.
So here the theory; market makers analysis bots read the headline and interpreted it as a rejection. Therefore they pulled their Spot bid orders.
This made the order book real thin in addition to only having a large liquidity cluster below 41k.
With all the futures liquidations and missing liquidity it was easy to drop by 10% in minutes.
How they make it sound: link
Pure bullshit by “The Block”.
So here the theory; market makers analysis bots read the headline and interpreted it as a rejection. Therefore they pulled their Spot bid orders.
This made the order book real thin in addition to only having a large liquidity cluster below 41k.
With all the futures liquidations and missing liquidity it was easy to drop by 10% in minutes.
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JUST IN: Senior Bloomberg Analyst says "we have heard nothing to indicate anything but approval" for Spot Bitcoin ETF.
Told you - hope you didn’t get shaken out.
Told you - hope you didn’t get shaken out.
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So we have the FOMC meeting in 40 minutes.
Could shake markets again.
Could shake markets again.
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BTC Outlook
Not much change over last week. I wouldn’t expect there to be any major price changes until the official decision deadline for the BTC spot ETF filing comes out or is leaked.
We kinda know since at the 10. There is the final day for Ark Invest, but it's not per se official.
Regardless of what happens, I think any sizable corrections are worth buying into. The uptrend is still intact, and it’s hard to believe that BTC tops here in the long term.
Now if the BTC spot ETF goes through in the next week, my base case is that BTC could pump and dump (or just dump) in the short term because it looks like the whole move up is because of exactly this news. A spot ETF is bullish in the long term regardless of what others say, but in the short term there will probably be a lot of volatility.
The OI (Open Interest = Futures Positions) flushes this week make me more bullish as this is a characteristic of a bull market continuation based on personal experience. An entity flushes out overextended longs to balance out the market so that price can grind higher.
ETH continues to test support against BTC, and I suspect this will continue until the BTC spot ETF comes through. The Dencun upgrade has been announced to be going into testnet, and all of these factors coincide with ETH outperforming once we hit the latter months of Q1.
Not much change over last week. I wouldn’t expect there to be any major price changes until the official decision deadline for the BTC spot ETF filing comes out or is leaked.
We kinda know since at the 10. There is the final day for Ark Invest, but it's not per se official.
Regardless of what happens, I think any sizable corrections are worth buying into. The uptrend is still intact, and it’s hard to believe that BTC tops here in the long term.
Now if the BTC spot ETF goes through in the next week, my base case is that BTC could pump and dump (or just dump) in the short term because it looks like the whole move up is because of exactly this news. A spot ETF is bullish in the long term regardless of what others say, but in the short term there will probably be a lot of volatility.
The OI (Open Interest = Futures Positions) flushes this week make me more bullish as this is a characteristic of a bull market continuation based on personal experience. An entity flushes out overextended longs to balance out the market so that price can grind higher.
ETH continues to test support against BTC, and I suspect this will continue until the BTC spot ETF comes through. The Dencun upgrade has been announced to be going into testnet, and all of these factors coincide with ETH outperforming once we hit the latter months of Q1.
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The official management fees for the ETF‘s have been released:
BlackRock — 0.3%
VanEck — 0.25%
WisdomTree — 0.5%
ARK Invest — 0.25%
Grayscale — 1.5% (HIGHEST)
Bitwise — 0.24% (LOWEST)
Franklin — 0.29%
These fees will be charged annually to everyone who holds a share in the upcoming ETF’s.
So be your own wallet and not paying those fees is obviously the way to go.
BlackRock — 0.3%
VanEck — 0.25%
WisdomTree — 0.5%
ARK Invest — 0.25%
Grayscale — 1.5% (HIGHEST)
Bitwise — 0.24% (LOWEST)
Franklin — 0.29%
These fees will be charged annually to everyone who holds a share in the upcoming ETF’s.
So be your own wallet and not paying those fees is obviously the way to go.
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According to VanEck the ETF comes tomorrow and is tradable the day after tomorrow.
Sounds like a god candle is going to happen -direction pending. Let’s see
Sounds like a god candle is going to happen -direction pending. Let’s see
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