#BTC $60,000 📉
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#BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.
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#TOTAL MARKETCAP UPDATE : #TOTAL MARKETCAP stayed intact with the resistance area and dropped hard. Analysis played well though, market dumped as mentioned. Right now, Index on a support and need to wait for the Daily candle close. Close below will have the…
With Coinbase serving both ETF clients and conventional on-chain asset holders, the gravity of the exchange in the market pricing process has become significant. Evaluating the number of Whale Deposits to Coinbase exchange wallets, we can see a considerable increase in deposit transactions following the launch of the ETFs.
However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.
However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.
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Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.
#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.
Notice of Removal of Spot Trading Pairs - 2024-06-28
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d
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#US30 UPDATE : #US30 moving as per the projections and Expecting rejecting the resistance and support too. Price stuck between the zones and now need to eye on the breakouts. Never the less, the breakout will drive the dive either side, so take it accordingly.
Looking at the CME Group futures market, open Interest has stabilized above $8B, after setting a new record high of $11.5B in March 2024. This may signal that an increasing number of traders from traditional markets are adopting a cash-and-carry-arbitrage strategy.
This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.
This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.
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#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.
#BTC didn't moved alot but LTF shifted to bearish again. Price might go for an another retest, back to support or form a double bottom for turning the price.
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Here's the Analysis of #FTM : #FTM is been following up with the bear flag formation approaching the major resistance area of $$0.63 - $0.64. A Rejection or a breakout is needed to see before entering into the an setup. Market is retracing so rejection is…
#FTM dropped 7-8% from the call with the channel resistance line back to support area. Now a strong candle close will will lead in further price dumps. So, don't rush, and a good case would be wait for the price to flip the major resistance at $0.65.
From this, we can identify when macro tides change in capital flows during the early stages of the bull and bear phases. The chart below presents how these two price models have provided market support during the 2023-24 bull.
Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders 🟠($68.5k) and 1m-3m holders 🔴 ($66.4k). If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.
Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders 🟠($68.5k) and 1m-3m holders 🔴 ($66.4k). If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.
What Is Seed Funding?
Seed funding is a type of funding that provides capital to startups in exchange for equity in the company. It is different from other types of funding, such as venture capital or angel investing, because it typically comes from individual investors or small investment firms rather than large institutional investors.
One of the advantages of seed funding is that it allows startups to get the capital they need without giving up too much equity in their company. This is especially important for startups in the crypto industry, where there is a lot of uncertainty and volatility. Seed funding can also provide startups with valuable connections and mentorship from experienced investors.
However, there are also some disadvantages to seed funding. For example, it typically brings a smaller amount of money than other types of funding, which means that startups may need to raise additional rounds of funding later on. Additionally, seed funding can be more difficult to secure than other types of funding because it is often based on the reputation and connections of individual investors.
Seed Funding in Crypto
There has been an increase in seed funding for cryptocurrency firms in the last several years. Seed investment in the cryptocurrency industry functions similarly to that in other sectors, with a few notable exceptions.
The usage of digital currencies like Bitcoin and Ethereum in crypto seed funding is a key distinction. This eliminates the need for companies to use conventional banking channels in order to raise capital from investors all across the world. The usage of blockchain technology, which is common in cryptocurrency seed fundraising, may increase security and transparency for all parties involved.
Seed funding is a type of funding that provides capital to startups in exchange for equity in the company. It is different from other types of funding, such as venture capital or angel investing, because it typically comes from individual investors or small investment firms rather than large institutional investors.
One of the advantages of seed funding is that it allows startups to get the capital they need without giving up too much equity in their company. This is especially important for startups in the crypto industry, where there is a lot of uncertainty and volatility. Seed funding can also provide startups with valuable connections and mentorship from experienced investors.
However, there are also some disadvantages to seed funding. For example, it typically brings a smaller amount of money than other types of funding, which means that startups may need to raise additional rounds of funding later on. Additionally, seed funding can be more difficult to secure than other types of funding because it is often based on the reputation and connections of individual investors.
Seed Funding in Crypto
There has been an increase in seed funding for cryptocurrency firms in the last several years. Seed investment in the cryptocurrency industry functions similarly to that in other sectors, with a few notable exceptions.
The usage of digital currencies like Bitcoin and Ethereum in crypto seed funding is a key distinction. This eliminates the need for companies to use conventional banking channels in order to raise capital from investors all across the world. The usage of blockchain technology, which is common in cryptocurrency seed fundraising, may increase security and transparency for all parties involved.