😎 BlackRock wants to advertise its spot BTC-ETF (#IBIT) with projections on building facades. They have filed an application with the SEC for the corresponding campaign!
👀 Venture Smart Financial Holdings plans to apply for a spot ETH-ETF in Hong Kong! And BlackRock already owns 70,005 BTC ($2.98 billion).
🇦🇪 The UAE has completed its first digital transfer of dirhams.
The Central Bank of the United Arab Emirates (UAE) has completed its first cross-border transfer of digital dirhams using the mBridge central bank digital currency (CBDC) platform on January 29th.
According to Gulf News, a cross-border CBDC transfer of 50 million dirhams ($13.6 million) was sent to China using the multi-CBDC platform mBridge. Sheikh Mansur, Chairman of the UAE Central Bank, conducted the CBDC transfer to mark the golden jubilee of the central bank's establishment.
👀 Venture Smart Financial Holdings plans to apply for a spot ETH-ETF in Hong Kong! And BlackRock already owns 70,005 BTC ($2.98 billion).
🇦🇪 The UAE has completed its first digital transfer of dirhams.
The Central Bank of the United Arab Emirates (UAE) has completed its first cross-border transfer of digital dirhams using the mBridge central bank digital currency (CBDC) platform on January 29th.
According to Gulf News, a cross-border CBDC transfer of 50 million dirhams ($13.6 million) was sent to China using the multi-CBDC platform mBridge. Sheikh Mansur, Chairman of the UAE Central Bank, conducted the CBDC transfer to mark the golden jubilee of the central bank's establishment.
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What does the market expect?
BTC/ETH and almost all other altcoins have been stuck in a narrow trading range for several days now without significant movements. Just waiting for a breakout, analyzing and guessing is currently pointless.
Let's take a look at the news background (fundamentals) for now. It's mostly positive, which of course inspires confidence in a possible upward move in the future.
However, it's worth noting that Genesis is seeking court approval to sell GBTC shares totaling $1.4 billion in bankruptcy proceedings.
🟢 Regarding ETFs: Since their launch, the net inflow into American spot BTC-ETFs has amounted to +32,000 BTC.
🟢 About BTC advertising: According to Nate Geraci, president of ETF Store, Facebook and Instagram, following Google's lead, may soon allow advertising for spot BTC-ETFs.
🟢 Coinbase analysts note that pressure on BTC has significantly decreased as FTX has sold its assets in GBTC.
🟢 About ETH: Over the past 3 weeks, nearly 510,000 ETH has been withdrawn from cryptocurrency exchanges, indicating current accumulation of Ether.
That's all for now, the most important points from the past few days. We await the breakout of BTC/ETH and market activity. Happy trading to everyone!
BTC/ETH and almost all other altcoins have been stuck in a narrow trading range for several days now without significant movements. Just waiting for a breakout, analyzing and guessing is currently pointless.
Let's take a look at the news background (fundamentals) for now. It's mostly positive, which of course inspires confidence in a possible upward move in the future.
However, it's worth noting that Genesis is seeking court approval to sell GBTC shares totaling $1.4 billion in bankruptcy proceedings.
🟢 Regarding ETFs: Since their launch, the net inflow into American spot BTC-ETFs has amounted to +32,000 BTC.
🟢 About BTC advertising: According to Nate Geraci, president of ETF Store, Facebook and Instagram, following Google's lead, may soon allow advertising for spot BTC-ETFs.
🟢 Coinbase analysts note that pressure on BTC has significantly decreased as FTX has sold its assets in GBTC.
🟢 About ETH: Over the past 3 weeks, nearly 510,000 ETH has been withdrawn from cryptocurrency exchanges, indicating current accumulation of Ether.
That's all for now, the most important points from the past few days. We await the breakout of BTC/ETH and market activity. Happy trading to everyone!
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Will there be an altcoin season?
The market has been choppy for the past two weeks. It's a waiting game with a risk-on mood. From experienced traders, I see more fear right now, with thoughts that it could all suddenly turn south. From those who are not as familiar with the market, I see a desire to buy and questions about which altcoins to invest in.
Does this moment concern me? Yes, of course. It would seem logical to expect a downturn, as experienced traders usually have a better feel for the market, while newcomers, as is often the case, try to catch the last train.
However, there are phases in the market when market "naivety" prevails. When actually hitting "market buy" at highs or not taking profits at 10x is considered smart. This typically happens during bull markets.
So, it seems to me that we're in a situation where we can test what the market is really made of - whether it's a bullish trend or just echoes of it. We'll see whether naivety or experience wins out.
The market has been choppy for the past two weeks. It's a waiting game with a risk-on mood. From experienced traders, I see more fear right now, with thoughts that it could all suddenly turn south. From those who are not as familiar with the market, I see a desire to buy and questions about which altcoins to invest in.
Does this moment concern me? Yes, of course. It would seem logical to expect a downturn, as experienced traders usually have a better feel for the market, while newcomers, as is often the case, try to catch the last train.
However, there are phases in the market when market "naivety" prevails. When actually hitting "market buy" at highs or not taking profits at 10x is considered smart. This typically happens during bull markets.
So, it seems to me that we're in a situation where we can test what the market is really made of - whether it's a bullish trend or just echoes of it. We'll see whether naivety or experience wins out.
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Coinbase: Using blockchain, Americans could save $74,000,000,000 in transaction fees on credit cards alone in 2022.
For those already in the market, news like this is definitely a big plus. Moreover, it's a good driver for future bullish sentiment.
The only thing to understand is that crypto will eventually find its "ceiling," where things will become much more stable and less profitable. But when will that happen? In 10, 20, or 30 years?
I hope if you're already subscribed to us, you don't miss out. The earlier you get in, the more you'll gain.
For those already in the market, news like this is definitely a big plus. Moreover, it's a good driver for future bullish sentiment.
The only thing to understand is that crypto will eventually find its "ceiling," where things will become much more stable and less profitable. But when will that happen? In 10, 20, or 30 years?
I hope if you're already subscribed to us, you don't miss out. The earlier you get in, the more you'll gain.
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🚨 BTC has surpassed $44,000 and reached a new four-week high amid increased accumulation by large BTC holders and new all-time highs in US stock indexes.
💰 Spot BTC-ETF trading volume exceeded $1 billion yesterday - James Seifert from BBG.
⚡️ Binance has announced its 46th project on Binance Launchpool - Pixels (PIXEL). Listing on February 19 at 13:00 Moscow time.
📄 ARK Invest has updated its application for a spot ETH-ETF.
🇦🇷 OKX has launched a cryptocurrency exchange and Web3 services in Argentina.
😐 The US Treasury Department reports that criminals and fraudsters are increasingly turning to cryptocurrencies.
💸 Santiment: BTC has returned above $44.5K for the first time since January 12th, when the "ETF hangover" began.
🔸 This rebound is partly explained by the increase in the number of wallets with 1K+ BTC.
🔸 Their total volume is at its highest level in over 14 months.
💰 Spot BTC-ETF trading volume exceeded $1 billion yesterday - James Seifert from BBG.
⚡️ Binance has announced its 46th project on Binance Launchpool - Pixels (PIXEL). Listing on February 19 at 13:00 Moscow time.
📄 ARK Invest has updated its application for a spot ETH-ETF.
🇦🇷 OKX has launched a cryptocurrency exchange and Web3 services in Argentina.
😐 The US Treasury Department reports that criminals and fraudsters are increasingly turning to cryptocurrencies.
💸 Santiment: BTC has returned above $44.5K for the first time since January 12th, when the "ETF hangover" began.
🔸 This rebound is partly explained by the increase in the number of wallets with 1K+ BTC.
🔸 Their total volume is at its highest level in over 14 months.
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In the analysis of OP/USDT, the 1D chart reveals a distinct pattern characterized by a sharp initial movement followed by a pullback within the market.
📈 This observation coincides with the asset's entry into a Zone of Supply, signaling a potential shift in market dynamics. The prevailing expectation hinges on the behavior of the market leader, BTC; failure to breach the supply zone could lead to a projected movement as illustrated in the chart.
Conversely, should BTC sustain its upward momentum and surpass the 50k zone, this development would likely be interpreted as a precursor to revisiting the supply zone before resuming its ascent. In light of these factors, our analysis sets a maximum target of 4.6 for the anticipated upward movement. 🚀
📈 This observation coincides with the asset's entry into a Zone of Supply, signaling a potential shift in market dynamics. The prevailing expectation hinges on the behavior of the market leader, BTC; failure to breach the supply zone could lead to a projected movement as illustrated in the chart.
Conversely, should BTC sustain its upward momentum and surpass the 50k zone, this development would likely be interpreted as a precursor to revisiting the supply zone before resuming its ascent. In light of these factors, our analysis sets a maximum target of 4.6 for the anticipated upward movement. 🚀
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📈 SUI/USDT, as depicted on the charts, is approaching the upper boundary of the channel, indicating a potential reversal. This observation is based on a 3-hour chart analysis, suggesting the likelihood of a downward movement as a pullback to the lower end of the channel. Subsequently, we anticipate the continuation of the prevailing market trend.
📊 The future direction of the market is contingent upon the ability of the market leader to sustain its current momentum. Should the market leader maintain its upward trajectory and reach the 50k zone, we anticipate a minimum price target of $2.1 for this asset.
📊 The future direction of the market is contingent upon the ability of the market leader to sustain its current momentum. Should the market leader maintain its upward trajectory and reach the 50k zone, we anticipate a minimum price target of $2.1 for this asset.
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In the 1-hour chart of BTC, there is a noticeable uptrend, suggesting a potential continuation of the upward movement. The key determinant of this momentum lies in the attainment of the 50k zone. Subsequently, market dynamics will be influenced by the decision of sellers to either sustain or reverse this upward trajectory. 📈
Notably, there exists a significant price gap in the market, spanning from 36.6k to 39.5k. Despite this, buyer interest remains robust, indicating a strong demand for this asset. 😎
In the interim, we anticipate some range-bound movement within the market. Following this consolidation phase, we expect to witness pullbacks as previously mentioned, followed by a resumption of the overall bullish trend, potentially leading to the asset reaching its all-time high (ATH).
Notably, there exists a significant price gap in the market, spanning from 36.6k to 39.5k. Despite this, buyer interest remains robust, indicating a strong demand for this asset. 😎
In the interim, we anticipate some range-bound movement within the market. Following this consolidation phase, we expect to witness pullbacks as previously mentioned, followed by a resumption of the overall bullish trend, potentially leading to the asset reaching its all-time high (ATH).
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Super/USDT:
🔍 Based on the 4-hour chart, the market is approaching the uptrend line, indicating a potential convergence point. While there is some minor selling pressure evident, buyer dominance remains pronounced, particularly with BTC's pursuit of the 50k zone.
Anticipating a breakthrough of this trend line, we may witness a subsequent pullback in the market. This presents an opportunity to consider long positions, with a target price set at $2 for this asset. 📊
🔍 Based on the 4-hour chart, the market is approaching the uptrend line, indicating a potential convergence point. While there is some minor selling pressure evident, buyer dominance remains pronounced, particularly with BTC's pursuit of the 50k zone.
Anticipating a breakthrough of this trend line, we may witness a subsequent pullback in the market. This presents an opportunity to consider long positions, with a target price set at $2 for this asset. 📊
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Super /usdt
Sell/Short
Entry : 0.9624/932
Tp1889
TP2/843
Tp3/7760
Tp4/7146
tp4/6784
TP5/6335
TP6/6022
TP7/5673
SL:0.995
Sell/Short
Entry : 0.9624/932
Tp1889
TP2/843
Tp3/7760
Tp4/7146
tp4/6784
TP5/6335
TP6/6022
TP7/5673
SL:0.995
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The BTC dominance chart.
Answering the question of when the dominance will decline and the alt-season will begin? I present this chart. The marked point represents the $60k level during the previous bull run.
In other words, before a proper liquidity transfer and alt-season began, we saw a 3x increase from the Bitcoin high
Answering the question of when the dominance will decline and the alt-season will begin? I present this chart. The marked point represents the $60k level during the previous bull run.
In other words, before a proper liquidity transfer and alt-season began, we saw a 3x increase from the Bitcoin high
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BTC is standing at the doorstep of its all-time high (ATH) 👀
It's expected that BTC couldn't break its ATH right away. It takes time for market consolidation. I believe we might trade near the ATH for a day or a few days, with the price hovering around it, and then eventually we'll see a breakthrough candle after accumulation.
While BTC hasn't surpassed its ATH yet, it creates an opportunity for altcoins to rise. As long as BTC remains in consolidation below its ATH, altcoins temporarily have room to maneuver. However, I don't expect this to be a phenomenal run for altcoins; as soon as BTC finishes its accumulation, it will regain attention.
We'll likely see an increase in BTC dominance, focusing on BTC's strength in the moment. Altcoins will take a back seat during the breakthrough, and I anticipate we'll witness a record in BTC dominance over the past few years, along with increased volatility in BTC.
It's expected that BTC couldn't break its ATH right away. It takes time for market consolidation. I believe we might trade near the ATH for a day or a few days, with the price hovering around it, and then eventually we'll see a breakthrough candle after accumulation.
While BTC hasn't surpassed its ATH yet, it creates an opportunity for altcoins to rise. As long as BTC remains in consolidation below its ATH, altcoins temporarily have room to maneuver. However, I don't expect this to be a phenomenal run for altcoins; as soon as BTC finishes its accumulation, it will regain attention.
We'll likely see an increase in BTC dominance, focusing on BTC's strength in the moment. Altcoins will take a back seat during the breakthrough, and I anticipate we'll witness a record in BTC dominance over the past few years, along with increased volatility in BTC.
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Good evening traders! The bull run is flying high! We will be back in full affect with Trades from tomorrow 📈
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Economic Summary:
1. Consumer sentiment remained stable, slightly below expectations, impacting spending behavior.
2. Inflation expectations held steady, crucial for economic planning.
3. Industrial production showed minimal growth, signaling subdued manufacturing activity.
4. Capacity utilization remained steady but slightly lower than predicted.
5. Empire State manufacturing index saw a significant decline, indicating broader economic challenges.
6. Import prices rose less than anticipated, reflecting muted inflationary pressures.
According to above info what we expecting from finial market in following week
Based on the information provided in the sources, the financial markets are expected to experience higher volatility in the upcoming week. Factors contributing to this volatility include rising bond yields, diminishing investor optimism over rate cuts, and concerns about inflation data. The Federal Reserve's upcoming two-day policy meeting is anticipated to hold rates steady this month, with potential rate cuts expected in June or July. Market participants will closely monitor economic data releases, corporate events, and the Fed's Summary of Economic Projections for insights into future monetary policy decisions. Additionally, events like Nvidia's global artificial intelligence conference and Super Micro Computer joining the S&P 500 index could impact market sentiment. Overall, the outlook suggests a mix of potential catalysts that may lead to increased market fluctuations and a cautious approach by investors in response to evolving economic indicators and policy developments.
1. Consumer sentiment remained stable, slightly below expectations, impacting spending behavior.
2. Inflation expectations held steady, crucial for economic planning.
3. Industrial production showed minimal growth, signaling subdued manufacturing activity.
4. Capacity utilization remained steady but slightly lower than predicted.
5. Empire State manufacturing index saw a significant decline, indicating broader economic challenges.
6. Import prices rose less than anticipated, reflecting muted inflationary pressures.
According to above info what we expecting from finial market in following week
Based on the information provided in the sources, the financial markets are expected to experience higher volatility in the upcoming week. Factors contributing to this volatility include rising bond yields, diminishing investor optimism over rate cuts, and concerns about inflation data. The Federal Reserve's upcoming two-day policy meeting is anticipated to hold rates steady this month, with potential rate cuts expected in June or July. Market participants will closely monitor economic data releases, corporate events, and the Fed's Summary of Economic Projections for insights into future monetary policy decisions. Additionally, events like Nvidia's global artificial intelligence conference and Super Micro Computer joining the S&P 500 index could impact market sentiment. Overall, the outlook suggests a mix of potential catalysts that may lead to increased market fluctuations and a cautious approach by investors in response to evolving economic indicators and policy developments.
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