1 more FUD came again and BTC started crashing

The State Council of China: Crack down on Bitcoin mining and trading, and prevent individual risks transmitted to the social field.

Chainalysis Data Shows Hedge Funds Bought the Bitcoin Dip.

https://coingape.com/chainalysis-data-shows-hedge-funds-bought-the-bitcoin-dip/?utm_source=jury&utm_medium=telegram&utm_campaign=traffic

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Looks like real project

This weeks correction has resulted in a substantial deleveraging of futures markets.

Over $7.5B in #Bitcoin open interest was cleared within a few hours, bringing total open interest back to levels last seen in early February.

This weeks correction has resulted in a substantial deleveraging of futures markets.

Over $7.5B in #Bitcoin open interest was cleared within a few hours, bringing total open interest back to levels last seen in early February.

XRP/USD -Analysis: Last week, we were anticipating the breakout out of the symmetrical triangle, which got negated with the price failing to close above descending resistance on the daily. But not is all lost as with have a lot of daily confluence located at $0.7 and $0.75. Firstly this was a previous region of significant resistance which should now act as solid support. Drawing a fib from the low in December to the high in April, we have the 0.618 gold retracement level located at 0.73. We also have the extra confluence of ascending support and the 200 daily moving average situated near this region. Put very simple; I am expecting to see price action develop around this region. Failure to hold this region would be bearish for the price, and lower prices could be expected

Sigma currency is the first project of the Erc659 protocol, which is a new type of defi that works on the discussion of bonds and the lending system, and in practice becomes the same as defi 3.
Public sell The currency was supposed to be at 10 cents and at $ 1, and it is set to open in june.
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That's the reason why I said I don't invest in defi it's like ICO trend of 2017

60,000,000 #USDT (60,000,000 USD) transferred from Tether Treasury to #Binance

https://whale-alert.io/transaction/tron/7cb0eb56ca73d069d6cf5de4f4f9877bd927c7b7603f16fc8e5cead7f93e3acc

🐝 BTC UPDATE

Without further ado, let me express our plan on Bitcoin:

Placed buy orders in the zone $32000 - $35000. From there $BTC should go upwards to the $48000 - $50000 zone. Stop loss on this trade was very tightly placed below the $30000.

More global thoughts: we don't expect this summer to be active, more likely it will be an accumulation phase. Further wave of growth with the new ATH is expected to arrive in Q4.

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