Investors are not keeping the Bitcoins they receive on exchanges, meaning they are not inclined to sell the Bitcoins they buy immediately.
As reserves fall, the tendency to sell decreases, and after a while, there may be a shortage, causing the price to go up.
When we examine previous trends, a fall in reserves usually starts the bull market. An increase in reserves shows us that selling pressure has begun.
At the moment, the price seems to be hunting for liquidity within a range and accumulating.
It is gathering strength for the next rise. When it gathers enough strength, a sharp rise seems to be waiting for us.
CryptoIn
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💰 Blum has surpassed the 10 million user mark
The project is developing rapidly, and amid the successes of the $NOT token, the chances of a good drop are growing.
CryptoIn
The project is developing rapidly, and amid the successes of the $NOT token, the chances of a good drop are growing.
CryptoIn
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CryptoIn
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👀 The most notable events of the past week:
▫️ Bitcoin price returned to $68,000.
▫️ Ethereum Classic had its fourth halving.
▫️ Notcoin soared 300% in a week and set a new all-time high.
▫️ A former top manager of FTX was sentenced to 7.5 years in prison.
▫️ Joe Biden vetoed the resolution to repeal SEC's SAB 121.
CryptoIn
▫️ Bitcoin price returned to $68,000.
▫️ Ethereum Classic had its fourth halving.
▫️ Notcoin soared 300% in a week and set a new all-time high.
▫️ A former top manager of FTX was sentenced to 7.5 years in prison.
▫️ Joe Biden vetoed the resolution to repeal SEC's SAB 121.
CryptoIn
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Happy Monday to everyone!
BTC $68,875
ETH $3,815
Fear Index: 73
Altseason Index: 35
Long/Short Ratio: 51/49
Bitcoin Dominance: 54.37%
This week we expect news from tier 1 projects: LayerZero and zkSync. The tokens of these two are already trading on the premarket. $ZRO at ~$8, $ZK at ~$0.63. But most of all the market is waiting for a drop from them.
CryptoIn
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It was the fastest to reach $3 billion in capitalization.
$USDe is a synthetic stablecoin from Ethena running on the Ethereum blockchain.
They also have a $ENA token, currently trading at ~$0.95. I suggest looking out for it in a medium/long term.
CryptoIn
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CryptoQuant: Institutions preparing for the Spot ETF could be behind this wave of heavy outflow that lasted for 8 days.
I've been in favor of accumulating this asset since ~$1850. Have been buying as early as ~$1200 myself. And below $7000 I don't intend to sell.
CryptoIn
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Tuesday, 14:00 UTC — Job Openings
This metric is crucial for the Federal Reserve. A strong labor market allows for maintaining high interest rates. Projections remain neutral, but if the data falls significantly short of expectations, it could trigger a negative reaction in the markets.
Friday, 12:30 UTC — US Unemployment Rate
Unemployment in the US remains at historically low levels. Analysts expect a rate of 3.9%. If the data shows 4% or higher, it could lead to a significant market correction. We'll be keeping a close eye on this.
CryptoIn
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❤3.21K👍1.6K🔥671👏325🥰153😁112🤔112😡105😍40🤯2
The market is once again awaiting news and events.
BTC $68,960
ETH $3,767
Fear Index: 73
Altseason Index: 33
Long/Short Ratio: 52/48
Bitcoin Dominance: 54.60%
CryptoIn
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😉 $TOKEN on the spot
At 1% of the deposit.
Passed accumulation and approached a strong zone while it acts as a resistance zone.
Now DWF Labs has invested $12 million in $FLOKI to support the ecosystem.
$FLOKI is quite overbought compared to $TOKEN.
One of the major ecosystem projects is TokenFi. Capitalization of $136M vs $FLOKI's $2.52B.
TP:
$0.27 (body).
Then by market.
📈 Sign up Bybit (4000$ bonuses for new users)
CryptoIn
At 1% of the deposit.
Passed accumulation and approached a strong zone while it acts as a resistance zone.
Now DWF Labs has invested $12 million in $FLOKI to support the ecosystem.
$FLOKI is quite overbought compared to $TOKEN.
One of the major ecosystem projects is TokenFi. Capitalization of $136M vs $FLOKI's $2.52B.
TP:
$0.27 (body).
Then by market.
CryptoIn
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👍136❤74🔥39👏8
I've only been as enthusiastic about $ETH and $PEPE. $NOT seems to be becoming a serious company.
I know it's risky to make predictions, but I'd guess that in the next couple of weeks, the peak for $NOT will be in the range of $0.045-0.05.
CryptoIn
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