The new spot #Bitcoin #ETF products have also created a new source of demand for BTC, with an incredible +90K #BTC in net flows migrating into the ETFs. These inflows account for a staggering $5.7B, and bring the total AUM of the #ETFs to nearly $38B.

These #ETF products have for the first time allowed institutional investors to gain exposure to the BTC asset via traditional rails, opening a new degree of freedom for demand and speculation.

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

Here's the Analysis of #HBAR :

#HBAR is strongly rejected from the Major Support zone of $0.096 - $0.10 and broke the strcutural Resistance Zone and approaching the Major Resistance Zone of $0.152 - $0.158. Currently, price is expected to reach the support zone of $0.11 - $0.12 which can be our potential buy setups. Take the risk accordingly with proper stops and target towards resistance.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN continue to push with the market and make it way it to the resistance zone area and All Time High too. Price sustaining above the resistance area, which shows buyers confidence and hopefully next week come with a next push. A retracement might come along with this, which also good for a healthy market. So keep accumulating good alts and make it.

#BNB Analysis :

#BNB strongly shooting with the market momentum and Nearly reached the major resistance zone of $504 - $514. Price expected to reach the level and pullback too. Once price retraced, buy can come from the support or newly formed support area.

Options markets have also experienced significant growth, with open interest hitting $17.5B. This is on a comparative footing to the $21B in futures markets, which is a relatively new development since 2023.

The growth in options markets suggests that Bitcoin derivative markets are becoming increasingly mature, with investors, traders, and miners now having deeper and more liquid options to hedge and manage risk.

What Is Network-Enhanced Virtual Machine (NEVM)?

Developed by Syscoin (SYS) in conjunction with Blockchain Foundry, the NEVM (Network-Enhanced Virtual Machine) is an evolutionary computation protocol that fuses the programmability of Ethereum and EVM, or the Ethereum Virtual Machine, compatible smart contracts with the security offered by the Bitcoin network.

The NEVM effectively brings smart contract functionality onto the Bitcoin network. This is accomplished by offering smart contracts with interoperability and scalability that can support global adoption while maintaining low gas costs and facilitating decentralized settlements secured by bitcoin’s Proof-of-Work (PoW) security model.

This computational protocol combines the best of the Bitcoin network, their merge-mining hash rates, security model, UTXO efficiency, and compatibility, along with Ethereum’s broad range of smart contracts, all into a unified decentralized financial computation platform. With NEVM, users and developers can reap the dual benefits of each. First of all, the NEVM protocol eliminates the Bitcoin network’s long-standing “selfish mining” vulnerability. At the same time, it also introduces zero-knowledge proofs to ensure high levels of trustless interoperability and scalability, all on Turing-complete smart contracts.

The Advantages of NEVM

As a computational protocol, the NEVM enables smart contracts to scale up to 210,000 transactions per second (TPS) while ensuring that the accompanying gas costs remain as minimal as possible. With more upgrades due in the coming months, NEVM is projected to achieve four million TPS, the fastest throughput offered by any existing layer-1 or layer-2 solution.

With Syscoin’s product suite, NEVM solves a diverse range of problems that blockchain projects face in existing smart contract platforms. The protocol introduces many new features, including regulatory compliance for digital assets, hyper-secure transactions that can scale to support millions of users concurrently, and fully compliant toolkits for Web3, DeFi, Metaverse, and NFT projects - all without compromising core features like decentralization and security.

Other benefits include:

—> The ability to scale to an arbitrary number of transactions while eliminating the need for re-executing proofs of one-time executions

—> High levels of fault tolerance alongside interactive data

—> Trustless interoperability across individual chains

Here's the Analysis of #FET :

#FET is been moved extremely multiple x from the bottom and still trending. Price broke the structural support area and going into the retracement phrase and might move lower a bit. Right now, price is middle of nowhere and its better to wait for the price to reach the proper zone for buys.

#BTC made with Weekly Closing just below the previous #ATH wick and moving with a low volume momentum. Looks like there's a indecision in the market and Daily TF kept on rejecting the support, so too much indecision going on. Price might gonna have a dip towards the support area before moving up.

#BTC Updated its New #ATH 📈

#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570. Take the zone and accordingly with proper risk.

We've observed heavy short liquidation dominance during the rallies into ETF approvals. Despite market-neutral cash-and-carry traders favoring short positions, directional short-sellers are being liquidated at a higher rate than longs. Notably, during both ATH peaks in 2021, long traders dominated liquidation volumes due to forced closure of leveraged positions amidst intra-day volatility. The prevalence of directional short traders facing liquidation indicates a significant number of traders betting against the uptrend since October.

Big Boy Loaded Another Bag of #Bitcoin 🚀🚀

What Are NFT Royalties?

NFT royalties are a way for creators to earn a percentage of the sale value each time their NFT is sold on the secondary market. The percentage is set by the creator at the time of minting, usually around 5-10%, and is coded into the smart contract on the blockchain. The smart contract ensures that the terms of the NFT are fulfilled, and if the NFT is sold, a cut of the profits goes to the creator.

How Do NFT Royalties Work?

The creator defines the terms in the smart contract, which then enforces the royalties automatically whenever the NFT is sold in a secondary market. Thus, creators can continue to earn income from their creation even after it has been sold once.

For example, if an artist creates an NFT and sets a royalty percentage of 10%, and then sells the NFT for 1 ETH, they would receive 0.1 ETH (10% of the sale price) every time the NFT is subsequently sold. If the NFT is sold for 10 ETH in a secondary market, the artist would receive 1 ETH as a royalty.

NFT royalties are a key feature of many NFT marketplaces. However, not all NFTs have royalty features and not all marketplaces enforce NFT royalties.

Advantages of NFT Royalties

NFT royalties benefit creators and artists, who get a recurring income from their creations. They no longer have to worry about losing out on subsequent sales of their work and can even receive increasing returns as their popularity grows. Buyers also benefit, as they can verify the authenticity of what they are buying and resell the assets at an assured price.

How Are NFT Royalties Calculated?

NFT royalties are typically calculated as a percentage of the NFT's sales price. The percentage varies between 3% to 10% and remains the same for all subsequent sales, but the amount earned by the creator may differ depending on the sales price.

Why Are NFT Marketplaces Eliminating NFT Royalties?

Some NFT marketplaces have eliminated or limited NFT royalties. This shift in trend began in the Summer of 2022 when some marketplaces made royalties optional and introduced a "tipping" system. However, this change has created financial turmoil for many artists who rely on passive income from their work. While not all NFT marketplaces have eliminated royalties, some artists have boycotted exchanges that no longer support NFT royalties for their digital assets.

How to Ddd Royalties to NFTs?

To receive NFT royalties on their work, artists must codify the royalty structure in their original smart contracts. OpenSea has introduced a new royalty enforcement tool that makes NFT royalties enforceable on its blockchain.

NFTs and Copyright Laws

Copyright laws depend on the country where the creator of the NFT is located. In general, most countries have copyright laws protecting digital works such as music, images and videos. Additionally, some countries have enacted specific legislation to address digital copyright issues. However, the legal framework surrounding NFTs is still evolving, and it is important for creators to consult with legal professionals to ensure that their rights are protected.

Here's the Analysis of #MANA :

#MANA is been strong rejected off from the major resistance zone of $0.80 - $0.83 and moving inside the uptrend channel pattern too. Price is expected to tap into the nearest support zone before going any up around $0.69 - $0.71. You can try to accumulate some at the support and expect it break above the resistance zone.

#BTC Updated its #ATH and there no reference level form the resistance to stop it. The only thing we can expect is a retracement and a new higher high. Although, we should keep in mind that a healthy market needs a correction too, so weekly candle might deeply retrace to a reference level and that would be a buying opportunity.

#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.

A substantial growth in the the total short-side liquidations over the last 30-days, with over $465M in closed positions. The chart below highlights periods where short liquidations exceed those of longs, many of which align with powerful uptrends fuelled by short-squeezes.