#GAL bounced form the support zone around 8% in profits but due to market conditions, price dipped ack to the zone and now approaching towards the trendline.

A bounce is expected through the zone, and in case previous positions are still opened, use stops below previous swing low.

The most important thing in crypto is to understand crypto market psychology:

In the world of crypto, emotions drive everything. Human psychology remains constant, and the market follows repetitive patterns.

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT Take-Profit target 1 ✅
Profit: 37.3915% 📈
Period: 2 Days 5 Hours 39 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT Take-Profit target 2 ✅
Profit: 49.9425% 📈
Period: 2 Days 6 Hours 5 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT Take-Profit target 3 ✅
Profit: 62.4935% 📈
Period: 2 Days 7 Hours 2 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT Take-Profit target 4 ✅
Profit: 78.1168% 📈
Period: 2 Days 8 Hours 27 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT Take-Profit target 5 ✅
Profit: 92.5112% 📈
Period: 2 Days 14 Hours 15 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures
#ROSE/USDT All take-profit targets achieved 😎
Profit: 108.3394% 📈
Period: 3 Days 3 Hours 43 Minutes ⏰

Spot #BitcoinETFs saw Positive inflows with $11.54M ( 08-05-024 )

🔹 #Bitwise $BITB is the only ETF that purchased #Bitcoin Yesterday
🔹 $BITB Acquired 184.60 BTC, worth ~$11.50M
🔹 Total Net Assets $51.50 Billion in 🇺🇸 Spot ETFs

Total 🇺🇸 #BitcoinETF Overview:
🔰 1 ETFs = +ve Inflow
🔰 10 ETFs = 0 Inflow/Outflow

US Bitcoin ETFs Purchased 184.60 $BTC Yesterday.

There are only 1.75m #Bitcoin    left on Exchanges...👀

What's is #NUPL (Net Unrealized Profit/Loss) ?

NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.

Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.

It could be interpreted as the #ratio of investors who are in profit.

To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.

This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure.

From its all-time high of $73,000, Bitcoin prices have fallen by 20.3%. This is the deepest correction on a closing basis since the FTX lows in November 2020. Despite this, the overall upward trend still seems to be quite strong, with relatively mild corrections so far.

Binance Futures
#RAD/USDT All take-profit targets achieved 😎
Profit: 86.7148% 📈
Period: 3 Days 23 Hours 33 Minutes ⏰

Binance Futures, Bitget Futures, KuCoin Futures, OKX Futures
#SUSHI/USDT All take-profit targets achieved 😎
Profit: 216.8035% 📈
Period: 6 Days 4 Hours 59 Minutes ⏰

Binance Futures, OKX Futures
#BADGER/USDT All take-profit targets achieved 😎
Profit: 216.7879% 📈
Period: 12 Days 10 Hours 27 Minutes ⏰

Binance Futures
#STPT/USDT All take-profit targets achieved 😎
Profit: 216.8991% 📈
Period: 5 Days 18 Hours 52 Minutes ⏰

Difference in money inflow between past and current bull cycle

The current short-term money inflow situation is significantly smaller than the peak of the past bull cycle.

We can see a Tiny bit of liquidation sitting at $61,600 and major ones at $63.800

You know the next move now :)

What is Liquidation ?

Liquidation is a critical concept, particularly in leveraged trading, where traders borrow funds to amplify their positions. When traders use leverage, they have the potential to magnify their profits, but they also expose themselves to higher risks. Liquidation occurs when the value of a trader's position falls below a certain threshold, known as the liquidation price. At this point, the exchange automatically closes the trader's position to prevent further losses.

Liquidation is a risk management mechanism implemented by exchanges to protect both traders and the exchange itself. By closing out positions that have reached or exceeded their liquidation price, exchanges ensure that traders cannot lose more than their initial investment or margin deposit. This helps to maintain the integrity of the trading platform and prevents traders from accumulating unsustainable losses.

The liquidation process typically involves selling off the trader's assets to cover the outstanding debt or margin requirements. The proceeds from the liquidation are used to repay the borrowed funds and any associated fees. Depending on market conditions and the size of the position, liquidation can result in partial or full loss of the trader's assets.

Traders must be mindful of their liquidation price and manage their risk accordingly when engaging in leveraged trading. Setting appropriate stop-loss orders and monitoring market conditions can help mitigate the risk of liquidation. Additionally, understanding the mechanics of liquidation and its implications is essential for navigating the complexities of crypto trading and protecting one's investment capital.