If futures market $BTC went up to 48k in just 1 minute! Liquidating all the shorts

$111,000,000 of shorts liquidated in 10 minutes during the pump.

Binance reducing max leverage to 20x for new users. It will apply to existing users in coming weeks.

#bitcoin breaks 40k!

🎉The second SSGT Airdrop is live!

Qualifying YFDAI holders/stakers/farmers, claim your SSGT on the YFDAI dashboard now: https://dashboard.yfdai.finance/

Note: For those qualified, you are claiming SSGT in the same wallet you hold, stake or farm YFDAI (so your YFDAI wallet).

How to add Matic to Metamask: https://bit.ly/35VvxvB

⭐️ SSGT custom token address (Matic): 0x914034f0FF781c430Aa9594851cC95806fd19dc6

🧑‍💻 Next to claim your SSGT Airdrop:

1. Go to dashboard.yfdai.finance
2. Make sure that you are connected to the “Matic Network” (you may need to switch from Ethereum Network) in your wallet.
3. Connect your eligible wallet(s)
4. You will see a new addition to the dashboard on the top right - SSGT Airdrop. Click here.
5. Claim your Airdrop/s, remember you need Matic for gas (recommended to use 10 GWEI).
6. You can claim free Matic some here (one time / wallet) https://matic.supply

Reason of dump:

Amazon denies the rumour that it will start accepting bitcoin and crypto payments. Although Amazon continue to explore new possibilities of crypto payments.

Bitcoin tested the upper range resistance and made a high of $40,500. The good thing is that BTC is holding above $36,000. As long as BTC is above $36,000 the bullish case is valid and we may see another retest of the $40,000-$42,000 resistance zone. Bitcoin also tested the 100 MA and rejected from there. The Amazon news made the pump and dump. Bitcoin nearly tested the $36,000 area and we may see next leg up now.

Bitcoin Dominance is rejecting from the 49.2% resistance area. There is heavy resistance between 49%-50.5% zone and dominance need to stay below it to get rally in altcoins. If Bitcoin Dominance break above this resistance zone then the best option is to stay out from alt positions. Dominance need to reject from this level and if it happens we will see a good rally in altcoins. The support zone for Dominance are 48% and 46%. We may see some recovery in altcoins once BTC stable in a range again. Now BTC is too volatile.

Bitcoin break the $40,000 area and made a high of $40,900. Bitcoin is now trading around $39,800. If today daily candle close above $40,000 then we will see a retest of the major resistance area of $42,000. There js a lot of resistance between $40,000 and $42,000.

The local support zone is $38,300-$38,500 and major support for now is $36,000-$36,500.

One of the Germany's largest assets manager Dekabank is looking to get into Bitcoin. The country new law allows special funds (designed for institutional investors) to invest upto 20% of their portfolio in Bitcoin.

Dear Community,

🪂As promised, we’re excited to announce a new airdrop for SafeSwap users!

📈Anyone that has traded on SafeSwap between June 25 (June snapshot) and July 31 will get a one-time airdrop of 500 SSGT!

👉🏼If you haven’t traded on SafeSwap yet, you still have two days to become airdrop eligible so make a trade now: https://safeswap.yfdai.finance

🗓This SSGT airdrop will be released the first calendar week of August, exact date to be announced!

📖Rules:
- Everyone is eligible for this airdrop (new and old YFDAI/SSGT followers)
- Multiple trades will not enable you to receive multiple airdrops
- Airdrop eligibility stops on August 1st at 12:00 am UTC
- Bots will be disqualified as will any other funny activity that's discovered

Time to trade on SafeSwap!

👀Sneak Peek: A major SafeSwap airdrop will be announced soon related to adding liquidity onto the DEX. Stay tuned for more details.

YFDAI Team

One-month Bitcoin options skew sold off this week as a result of persistent short-dated call buying flows

Bitcoin Dominance is again get rejected from the resistance of 49.2% area. Bitcoin give a good rally in the last 2 weeks and we may see some sideways movement now. Altcoins are not moved much in the last 2 months and we may see a relief rally in altcoins in coming days. Bitcoin Dominance can test the 46% support zone.

SHIB Analysis:

SHIB is in long downtrend and has not shown any strength yet. The local support zone for SHIB is 610-615 (a lot of zeroes) and if unable to hold this then the major support zone is 550-590. Meme coins hype is going down and investing big amount is not recommended. Only invest 1-3% of your portfolio in meme coins only at support zones. The major resistance is the downtrend line which is around 800-820.

Bitcoin is now trading at the local support of $38,300-$38,500. If BTC unable to hold above this support level then we will see a retest of the mid range support of $35,500-$36,000. A bounce is expected from the local support to remain bullish.

Another leg up in #bitcoin supply held by whales (1k-10k balance wallets).

They're just keep ramping up their positions erasing the dip.

This week we have seen an extremely large volume of coins flow out of exchanges, comparable to the peak outflows seen in November 2020

Bitcoin forming a falling wedge on lower time frames and now near the support line. BTC need to bounce from this support line. If the falling wedge breaks upward then we will see a small pump towards $38,500-$39,000. If the pattern breaks downwards then we will see a retest of the $36,500-$37,000 area.

Bitcoin break the falling wedge and now trading above $39,000🚀

#Bitcoin entities net growth reached ATH.

The wasn't any period in its whole history when the number of active participants grew faster, averaged weekly.