Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.

n this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF.

Here's the Analysis of #ID :

#ID is been slowly trending up and reached the Strcutural Resistance Area of $0.85 - $0.86. Price made a structural shift to the bearish again. Now, expected a drop till the next support around $0.76, so you can look for the buys there. Alternativity, a flip above the resistance zone, is needed to take the continuation buys.

#BTC haven't moved alot from the level and just reacted from the support but failed to break the Higher High. The price is very corrective and that might be a problem that will be followed by a strong dump/ manipulative move. Daily TF, closed above the rejected the zone too, so there's ton of uncertainty to have the directional bias.

#SUSHI Trade moving good with the12% profit and now, there's small consolidation going on and currently price is trying to the break the zone and we can have the potential scale in opportunity for buys on retest after the candle close towards the resistance zone of $1.25 and above.

We can see a common pattern in this tool in the prior cycle, where an initial Pre-Euphoria rally tests the upper band and puts a super-majority of coins into profit. After a period of correction and consolidation, the market finally rallies up to and through the prior ATH, driving the oscillator well above 95% in profit status.

What Is a Proof of Attendance Protocol (POAP)?

Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access. POAP addresses the problem of identifying people rather than transactions or value, and it uses the blockchain that underpins digital assets and non-fungible tokens.

POAP provides event participants with a way to verify their attendance through collecting digital badges where they live on-chain. The badges are all unique, meaning that the only way to claim them is to receive them at the event. Each badge is visually unique and non-replicable, meaning it doubles as an NFT and can be traded as NFTs on exchanges. One of its key values is that it provides irrefutable proof that an individual had been to an event or studied at a certain place. For instance, proving to your future employers that you studied at Harvard or having a track record of highly successful work in your profession means that people are more likely to trust and value your expertise in the field.

POAP has two categories of users: event organizers and collectors. Event organizers can create events and make and distribute POAP badges to attendees. At the same time, collectors can bookmark moments in their lives or demonstrate their attendance to others with custom, unique NFT badges.

Here's the Analysis of #OM :

#OM is been consolidating over the support zone of $0.64 - $0.66. Price broke the downtrend resistance line, which showing a bit of buy side hint. A breakout to the upside is needed to make it more clear, and a minor buys here looks good. There's might be some manipulative move to the down side so ready for that too.

#BTC goes well with the anticipation, as move was too corrective and dumped strongly and broke the support area too. Now, again the bearish scenario kick in as i already said, directional bias to not clear, so wait for the clear indication.

#BTC.D UPDATE :

#BTC.D going with the corrective move by which few alts jump with that, but #BTC was keep on consolidating or dumping, so majority failed to rise. Currently, Index in moving within the falling wedge pattern, and a bounce will lead in strong bleed in altcoins. We need to see a close below of the candle in Daily TF.

#US30 Analysis :

#US30 is been moved aggressively with the correction and reacted from the resistance area of 38,500 - 38,550. Market Structure is strong bearish, so expected a fall from here, and you can plan your bias with that and enter in LTF. In case Price, flips above the resistance then buys looks good till 39,100.

Despite significant profit-taking by existing holders, the magnitude of pullbacks remains historically small. Compared to previous ATH breaks, the current Euphoria phase is relatively young. Past phases have experienced numerous drawdowns exceeding -10%, with many surpassing 25%. However, the current market has only seen two corrections of around 10% or more since breaking the ATH.

Here's the Analysis of #WLD :

#WLD is been fluctuating with the market movement, and bouncing off from the strong support area of $4.60 - $4.66. Price facing strong resistance at $5.12 - $5.18, and strong ranging between these zone. Need to get a clear breakout for any sort of trades to be taken. Take a setup only at the retest of the level.

Still market is same as yesterday, #BTC did make a dip back due to the fundamental news. Price currently, retesting zone as resistance and stuck in-between, so not expecting much this week and weekend. By next week we'll see some aggressive moves as heavy volatile news popping up.

#US30 UPDATE :

#US30 made some clear move down with the LTF breaks, and taps in into $37,700 - $37,800. Price strongly, rejected from the zone and expected to hit the resistance again. Break will also come with some sort of news confluence too.

During the last two bull markets, the aggregate share of < 6-month-old wealth reached between 84% and 95%, indicating a saturation of newer holders. This metric has increased dramatically since early 2023, rising from 20% on 1-Jan-2023 to 47% today.

This suggests that the capital held within the Bitcoin holder base is roughly balanced between long-term holders and new demand.

Here's the Analysis of #BNX :

#BNX is moving strongly bullish at the moment and given a shallow break of the resistance area. There's no clear resistance looking left, so push might continue. Right now, nothing looks good and need to see further price action to develop and take the shot, a retest would be great.