#MAGIC setup unable to going as it failed to give closure below the zone (Grey Box) and Made a support. Price straightaway hit the resistance zone as a setup and again caught in a range. Well, eye on the breakout where price moves will take the setup.

The Short-Term Holder (STH) cost basis, which now stands at $28,000, means that the average recent investor is currently experiencing an average profit of approximately +20%. The chart provided illustrates the STH-MVRV Ratio, with red indicating periods when the market traded below the STH cost basis and green representing periods above it.

In 2021-22, there were instances where the STH-MVRV experienced relatively significant corrections, often exceeding -20%. In contrast, the recent August sell-off only reached a low of around -10%. It's worth noting the relative shallowness of this MVRV decline compared to previous corrections. This suggests that the recent correction had substantial support, possibly serving as a precursor to the rally observed this week.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

Here's the Analysis of #TOMO :

#TOMO is been flipped above the zone and again moved below of the zone of $1.749 - $1.789 and dipped below the support zone of $1.619 - $1.642 and might gonna reject it. Any setup only after a Daily Support zone or break below of the zone for shorting.

#BTC made a deeper retest back tot he top of the consolidation range and going lower now. Well, the bottom support is at $33,600, where, price a react. In case price breaks below the zone then we have clean traffic to left till $31,000 and below.

#TOMO give a strong shot down towards the next support zone and even break through it. Price moved around 23% in profits and i hope you took this opportunity. Well, take some profits and hodl rest till next major support zone of $1.040 - $1.073.

We see a similar pattern to MVRV, with a relatively shallow SOPR drawdown compared to 2021-22, and a swing back into positive territory this week. This suggests that investors did not express the same degree of panic and fear as they did in the 2022 bear market proper, another sign of investor resilience.

What is #SOPR ?

The #SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (#USD) divided by the value at creation (#USD) of the output. Or simply: price sold / price paid.

#SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).

#SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).

#SOPR value of exactly 1 implies that the coins moved that day are, on average, selling coins at break even.

Successive peaks of high SOPR (creating an indicator uptrend) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.

Here's the Analysis of #HOOK :

#HOOK is been rejected from the strong resistance zone of $1.02 - $1.04 and also break below the support too. Price making the small falling wedge pattern and price looking bearish too. Potential sells on retest of $0.915 - $0.035 with low risk.

#BITCOIN DAILY TF UPDATE :

#BITCOIN broke above the resistance zone and kinda gave a close below it, Price also going through a lot of compression, which likely to look as distribution. In the broader view, price maintaining the bullish structure, so have an eye on this range range.

#BTC.D goes the same as predicted and nearly reached the support level. #BTC continues to consolidate and altcoins got a push up. Well, there;s little more room for alts to go. Let's see what gonna happen, if this zone breaks and #BTC sustains then we can expect much more moves in alts.

"As the market approaches year-to-date highs, a notable portion of the previously 'in-loss' supply has rebounded into a 'profitable' state. The percentage of supply in profit has surged by a substantial 4.7 million BTC, equivalent to 24% of the total circulating supply. This data sheds light on the significant volume of coins that have changed ownership, falling within the cost range of $27,000 to $35,000.

With 81% of the supply now sitting in a profitable position, the market has shifted into a positive phase, surpassing the long-term average for this particular metric, indicated by the green line."

Here's the Analysis of #SUSHI :

#SUSHI is been rejected multiple times from the major resistance area of $1.254 - $1.28. This rejection shows strong selling pressure, which tends to make a small range. A break below of the $1.01 will be the best opportunity for sells.

#BITCOIN WEEKLY UPDATE :

#BITCOIN in Weekly TF, gave an another small to the upside, after that strong impulsive move. Well, looking into Daily TF, Market Structure still intact bullish at this point. This also indicates exhaustion in the market, so with the Monday Market Open, we can expect the new direction in price either in the form of correction or next upmove.

#HOOK broke out of the small falling wedge pattern and moved up after retest of it. Price also flipped above the resistance zone and might rejected from the Resistance zone of $1.02 - $1.04. In case price retest back to the support, you can take short-term buys till Resistance.

we can see is that after hitting the most negative value since January (when prices were ~$16k), investor confidence has recovered to neutral, meaning STHs who are spending have a similar cost basis to those who are HODLing. We are also on the verge of a positive cross-over of these cost basis models.

What Is Cross-Border Trading?

Cross-border trading within financial markets and trade finance is the practice of engaging in global trade across international markets using the local currency and often in collaboration with local counterparts. In the context of global markets, cross-border trading presents various advantages for investors looking to seize distinctive trading opportunities, such as capitalizing on pricing variations and arbitrage prospects.

In the early days of cryptocurrency trading, individuals in different countries were unable to participate in markets located in other nations. For example, if you held an account with a U.S.-based cryptocurrency exchange, your trading options were confined to BTC/USD. Nevertheless, the advent of cross-border trading platforms has revolutionized this landscape, enabling easy access to markets in other countries and tapping into the liquidity of local currencies, such as BTC/JPY, BTC/EUR, and more.

Cross-border trading empowers traders to access prominent spot trading pairs available across licensed countries. Assuming your exchange adheres to international regulatory standards and complies with the local Know Your Customer (KYC) and anti-money laundering regulations of each country, you can readily engage in international markets using the local currency, transacting with foreign counterparts, all through a single local trading account. This eliminates the need for multiple registration processes or involvement with numerous exchanges, thus averting unnecessary complications, delays, and the risk of application denial due to non-residency in the local jurisdiction.

How Does Cross-Border Trading Work?

Cross-border trading involves a straightforward process in which a cryptocurrency exchange provider secures licenses to operate in multiple countries, while also adhering to the financial regulations of each respective nation.

Cross-border trading establishes a genuinely global cryptocurrency trading platform, allowing registered users from various countries to benefit from the scalability, depth, and liquidity of a unified marketplace. Traders can register on the exchange and gain access to liquidity pools and spot trading pairs across all the licensed countries.

Through cross-border trading, you can place your fiat currency in global trading markets, benefiting from the minimal spread between buy and sell prices of cryptocurrencies while remaining subject to your native country's privacy policies and financial regulations.

Why Engage In Cross-Border Trading?

Apart from the ability to access global markets, cross-border trading presents a range of distinct advantages, including:

1. Abundant Liquidity: Liquidity holds immense importance in the realm of trading. In the cryptocurrency domain, it signifies how easily you can convert your cryptocurrency into cash or exchange it for another digital asset. Cross-border trading offers access to a broader market, granting the ability to assess and analyze multiple pairs in your local currency, thereby offering more avenues to optimize returns.

2. Price Disparities and Arbitrage: Digital asset prices vary from one exchange to another, especially when multiple currencies are involved. To capitalize on these differences, one might typically need to open accounts on multiple exchanges. However, centralized exchanges that offer cross-border trading provide access to multiple markets from a single dashboard, opening up the possibility of implementing arbitrage strategies from a single account. An example of this is the well-known 'Kimchi premium.'

3. Diverse Counterparties: Cryptocurrency markets are widespread across the globe, with Asia, in particular, contributing significantly to retail trading activity. Each jurisdiction exhibits distinct trading behaviors and patterns. With cross-border trading, investors can explore novel strategies for generating returns by leveraging their understanding of these diverse trading dynamics and behaviors."