The #Funding Rate has returned to around 0 (0.003%), and the open #interest has also decreased, and there is currently no significant increase. Be careful with any open positions or opening any fresh positions.

#BTC.D (#Bitcoin Dominance) is been rejected hard from the major resistance area of 45.65% - 48.85% and build-up an support at 47%. Currently, index testing the major level again and a break above will start the dump in alts, if #BTC sustains above the $28,000. Rejection will cause the short-term alts rally in the market 📈.

What is #Funding Rates ?

#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.

Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.

The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).

The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.

Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.

Here's the analysis of #ARB :

#ARB moving in a Consolidation range between thr support area around $1.274 - $1.300 and Resistance around $1.46 - $1.48. Price might continue to move through this until #BTC plays either side. You can do range trading or wait for a breakout for potential longs or shorts

#BTC did retraced a bit but not to that extent as volume as pretty much low after these highly volatile moves. On the hourly TF, candles are just making a messy move, so wait for the break of the $29,850 resistance or $28,700 support area.

#ICX tapped the area of support, which is our final TP area and rejected it sharply. That was the another buy opportunity, which we missed. If you took it thats great and right now, price is ranging here, so wait for a breakout now.

The #US government currently possesses 205,514 #BTC, valued at $6 billion, which includes assets acquired from the #Bitfinex hack and #Silk Road. As a result, they have become one of the biggest #Bitcoin holders globally.

What Is Data Tokenization and its importance ?

Data tokenization is the process of converting sensitive data, such as credit card information or #health data, into tokens that can be transferred, stored, and processed without exposing the original data. #Tokenization, on the other hand, is the process of replacing sensitive data with non-sensitive, #unique identifiers called #tokens. It doesn’t rely on a secret key to protect the data. For example, a #credit card number may be replaced with a token that has no relation to the original number but can still be used to process #transactions.

These tokens are usually #unique, unchangeable, and can be verified on the blockchain to enhance data #security, privacy, and compliance. For example, a credit card number can be tokenized into a random string of digits that can be used for payment verification without revealing the actual #card number.

Benefits of Data Tokenization

Enhanced data security —> By replacing sensitive #data with tokens, data tokenization reduces the risk of data breaches, #identity theft, fraud, and other #cyberattacks.

Compliance with regulations —> Many industries are subject to strict data protection #regulations. Tokenization can help #organizations meet these requirements by securing sensitive information and providing a solution that can reduce the chances of non-compliance.

Secure data sharing—> #Tokenization could enable secure data sharing across departments, vendors, and partners by only providing access to the tokens without revealing #sensitive information.

Here's the analysis of #MATIC :

#MATIC is been kinda ranging in a consolidation area between the major resistance area around $1.025 - $1.029 and strong support zone of $0.943 - $0.951 . Well, nothing pretty much clear, better wait for a breakout of the major areas for buys and in case price rejects it, we can take it as short opportunity.

#BTC didn't made any change as volume of low. Price started consolidating in a range, in the middle of the zones. Well, we've long enough ranges, price breaks either side. Price on Daily TF, still above 50 EMA, which can be considered as overall structure is bullish.

Hello everyone, we are currently working on marketing and growing our community to highest level before scheduling our next Kucoin Mega Bull Call. We want to make sure that we can manage a high % gain for everyone while maintaining a high price for many hours on our next signal. Our team will make sure we can reach or surpass the 1000% profit target just like we did a few calls ago, this call will be totally different and it's going to be free for all and we will make sure no prebuying and 0% prepump so our members can make maximum profits with our upcoming call. Stay tuned for the official announcement.

Quick Market Update :

#BTC is pretty much ranging as of now, direction is no pretty much clear in midterm. On the other hands, majority altcoins showing same movement of either Consolidation or fakeout over it. Its better to wait for a breakout to happen, for further entries 📈📉

#TOTAL MARKETCAP UPDATE :

#TOTAL Market-cap gave breakout below the major support zone and kinda retesting it. Earlier, there a breakout looks like a fake-out now. The area is about $1.15T - $1.98T to look for rejection, which will cause a drop till support zone around $1T and flip above again, will make a healthy push in altcoins and over crypto market.

The price surge of #Bitcoin has resulted in the stability of Bitcoin supply held per Whale at around 5,350 #BTC per #Whale. However, the Market Cap percentage owned by the #Whale cohort is decreasing, despite the stability in the supply held.

On this, we can say, #Bitcoin Supply per Whale has remained stable, However, the percentage of the total market cap owned by #Bitcoin whales has been declining, indicating that smaller #investors may be buying.

What is #PoT (Proof of Time) ?

Proof of Time (#PoT) is a consensus algorithm used in some #cryptocurrencies to validate transactions and add new blocks to the #blockchain. It is a type of proof-of-resource #consensus mechanism, uses time as the resource instead of #computing power or stake.

In #PoT, participants must show that they have waited for a certain #amount of time before they can participate in the consensus process. This waiting period ensures that participants have invested real time and resources into the network, and helps to prevent #attacks such as double-spending or #blockchain reorganizations.

To participate in the consensus process, participants must first wait for a certain amount of time, which can vary depending on the #cryptocurrency and the network's #configuration. Once the waiting period has #elapsed, participants can then validate transactions and earn block #rewards by providing valid proofs of their participation in the consensus #process.

Here's the Analysis of #APT :

#APT is kinda ranging between the strong support zone of $9.764 - $9.961 and resistance around $10.72 - $10.87. Price is on the verge to break the resistance, and if broken then there's a clean room for buys to go. Otherwise, we can Reject from here back to support zone.

#BTC gave a breakout of the consolidation range and reached the structural resistance area. Price rejected sharply over the zone and now given minor close below of the support around $28,550 - $28,700. If next candle sustains below this, we have clean move down till $27,800 - $27,870 support zone

#APT rejected the area and reached the strong support zone, its was a small scalp opportunity be take. Currently, price made a bullish candle over the support zone indicating tha buyers are taking control. Potentially, we'll continue to range for an another lap. Take it accordingly.