GemLy πŸ’ŽπŸ“ˆ
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Near short

Target 3.1886
Stop 3.7038
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Xrp short

Target 2.3561
Stop 2.7224
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⚑️ Bybit CEO: We are solvent. Even if the losses from the hack are not reimbursed, all customer assets are fully backed 1:1, and we will be able to cover the losses. ( Twitter )
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Ondo Long

Target 1.2391
Stop 1.0596
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⚑ Bybit has fully restored its ETH reserves

The exchange lost over $1.5 billion in ETH in a recent attack. This is one of the rare incidents of its kind.

Before the hack on February 21, when hackers withdrew over $1.5 billion, Bybit had 439,000 ETH. After the attack, the reserves were temporarily reduced to 61,000 ETH. The gap has now been completely closed.

Despite various hacks in its history, Bybit continues to operate as usual and processes withdrawals without processing. According to Hacken, an independent auditor of Bybit's reserves, its assets exceed strictly established limits.
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πŸ”·The market is storming again, and many are worried about the fall

Let's figure it out: crypto is not going anywhere, it is preparing for growth, and there is definitely no need to panic.

Globally, everything is even better than before. Spot Bitcoin ETFs were launched in 2024, and BlackRock is actively promoting them in investment portfolios. The US is becoming more and more loyal to crypto: Trump won the election in November with a pro-crypto position. Companies like MicroStrategy continue to buy Bitcoin, and banks, including Goldman Sachs, are implementing it into their systems.

All these factors create a solid foundation for growth, and we are on the verge of a new rise. Yes, there is a decline now, but this is not a crisis. Binance and other exchanges have staged a "cleanup": Bitcoin fell to 90 thousand, although large players have poured in billions. Perhaps this is their last chance before the upcoming regulations. Soon, such sharp fluctuations may become a thing of the past.

Large investors are actively buying Bitcoin, but its price is still stagnant - this is not an accident, but a sign of planned growth. As soon as the market comes to life, Bitcoin's dominance will decrease, and altcoins will start to grow. This has already happened in previous cycles: after falls, there was always a new round of growth, like in 2021.

The main thing is not to panic and look to the future. We have already been through ups and downs and we know that after the storm, the sun always comes out. Everything is just beginning, so be prepared!
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πŸ”· Ethereum is destined to rise above $10,000 in this cycle

This is the opinion of crypto analyst Ted Pillos.

↗️ He drew parallels between the current trajectory of ETH and the performance of BTC during the 2015-2017 bull market.

BTC's rise from a bear market low of around $200 ended in a parabolic rise to $780. Likewise, ETH appears to have completed its accumulation phase and broken through key resistance levels.

πŸ† The expert also highlighted Ethereum's dominant position in the DeFi space, accounting for over 52% of the total value locked in projects.
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πŸ“‰ El Salvador Takes Advantage of BTC Price Drop

The Salvadoran government bought Bitcoin during the Bitcoin dump that began yesterday. Officials took advantage of the bearish trend to increase their holdings to 6,088 BTC.

They purchased 7 BTC on February 25 at approximately 01:00 at a price of $94,169. The deal left the government with an unrealized loss, which is more than offset by the $147.7 million unrecorded profit it has earned since it started investing in BTC in October 2021.

Members of the crypto community have seen the Salvadoran government’s Bitcoin purchase as a bullish signal.

There are two other important factors that support the upward trend. First, the Fear and Greed index has already dropped to 29 and entered the fear zone. Secondly, the RSI index on the four-hour chart has dropped significantly, which means the market is oversold.
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πŸ“‰ The current crypto market decline is a tactical pullback, not a trend change

This was stated by the head of Binance, Richard Tang.

πŸͺ™ He noted that the crypto market has already gone through similar stress tests more than once and has shown the ability to recover.

Binance recorded liquidations worth $334 million over the past 24 hours, which is common for medium-term corrections.

πŸ“Š Despite breaking through the $90,000 level, the current decline remains relatively moderate compared to previous cycles.

In past bear markets, BTC lost from 70% to 90% of its value, while in the current cycle, the maximum correction was about 25%.
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While the whole world is already burying crit...

Over the past 7 days, more than 2 million new wallets have appeared in the BNB and BASE networks.

Param pam pam)) The strongest will survive)
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↗️ The current correction in the crypto market is within historical norms

Crypto analyst Dan Gambardello recalled the scenario when the BTC price crashed in July 2024.

While many observers feared that the cryptocurrency would continue to fall, the situation has changed. BTC reversed the trend and began a bullish rally that led to an all-time high of over $100,000.

According to the expert, despite the prevailing discontent among retail investors on social media, mainstream investors argue that the market is optimistic.

πŸ“Š He also referred to previous BTC pullbacks before the rally to $69,000, showing how far the cryptocurrency has retreated, sometimes losing up to 50% of its value before recovering.
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πŸ€‘ Ethereum Pectra Upgrade Could Set the Stage for Next Rally

According to an analyst at IntoTheBlock, the upgrade scheduled for March 5 could help ease long-term selling pressure.

β€œBy reducing consensus overhead and increasing L2 scalability, it will expand the overall network capacity, thereby increasing its competitive advantage,” the expert said.


Also, Ethereum Improvement Proposal (EIP)-7251 will increase the validator staking limit from 32 ETH to 2,048 ETH, making it easier for validators to pool their earnings.

↗️ A more than 32% monthly correction could mean that ETH is already poised for the next leg of growth based on the fractal patterns of the 2017 cycle.
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✏️ New York City Mayor: New York City Will Become the Crypto Capital of the World

β–ͺ️Our priority is not memes and hype, but sustainable and long-term values ​​of blockchain technologies that will benefit the city and its residents.

β–ͺ️Cryptocurrency, blockchain, fintech β€” New York is open to those who move these areas forward.

β–ͺ️We are already living in the era of a technological revolution. This is not a distant prospect β€” this is our reality.

β–ͺ️Our goal is to build a real empire here in New York, especially in the crypto sector.

β–ͺ️Since the first day of my work, I have been striving for one thing β€” to make New York the crypto capital of the world.

β–ͺ️We will attract global talent, create financial opportunities for the unbanked, and improve access to public services.

β–ͺ️The city will provide a robust regulatory environment that investors can confidently enter.

β–ͺ️Regulation is important for security, but we will not allow excessive restrictions to stifle crypto innovation.
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πŸ’Ž Ethereum Overtakes Bitcoin

After the tariff announcement, both cryptocurrencies initially declined, but then stabilized at $103,000 and $2,400.

πŸ“Š Capital rotation is observed: BTC dominance fell below 63%, and altcoins, especially ETH, are starting to outperform.

QCP Capital analysts note Bitcoin's contradictory position between the status of "digital gold" and a risky asset, which prevents a clear trend.

πŸ’‘ At the same time, Ethereum shows clearer dynamics: neutral funding and growth above $2,400 amid the Pectra update.

Renewed interest in long-term ETH options may signal a capital flow.
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πŸ“Œ Fed: Stablecoins Could Hurt the Credit System

The Federal Reserve’s Depository Institutions Council (CDIAC) said the rise of non-bank stablecoins poses a serious threat to the traditional banking sector.

Key concerns:

– Stablecoins are becoming digital analogues of money market funds, which have already radically changed the financial system in the past

– They compete with bank deposits, but are not subject to the same liquidity rules and regulatory oversight

– This could destabilize local credit mechanisms, especially in small towns and among vulnerable groups

To sum up, the Fed fears that stablecoins could quietly destroy the foundation of traditional lending.
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πŸ€‘ Bitcoin's illiquid supply has exceeded 14 million BTC

According to CryptoRank, the volume of BTC's illiquid supply β€” that is, coins that are stored in wallets and hardly move β€” has exceeded 14 million BTC for the first time in history.


This means that more and more bitcoins are going "into hibernation" β€” holders are in no hurry to sell, and there are fewer coins available for purchase on the market.

πŸ“ˆ This trend could become a factor in price growth: a supply shortage amid stable demand increases upward pressure.
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πŸ“Œ Bitcoin is becoming a "mature" asset
(Even taking into account today's fall)

Analyst Willy Woo noted: since funds and large players started buying BTC (since 2020), its growth has slowed. Previously - more than 100% per year. Now - 30-40%. And in 10-20 years, it may be only 8% per year.

What does this mean:
◾️ Bitcoin is no longer a tool for hype and X
◾️ It is turning into "digital gold" - a stable asset for years
◾️ Ahead is not waves, but a plateau

Woo: "We are leaving the Wild West phase. The maturity phase is beginning. And this is normal."

Conclusion: speculators are bored, long-term investors are calm.
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BTC = 107k$

Congratulations to all πŸ₯³
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