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#Bitcoin  supply is moving from a Liquid, to Illiquid state at a rate of 100k $BTC per mth.

Illiquid coins are those sent to an address with little history of spending, generally associated with investor accumulation, and bull market buyers
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BITO and BTF see inflows in December even as Bitcoin drops 17% — link | archive
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ETH is back at the support of $3550-$3640 area. ETH need to hold this support area. The next support is $3300-$3350 and major support is $3000-$3100 area. The first resistance is $3900-$4000 and major resistance is $4150-$4200 area. Bitcoin is dragging whole market down.
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Forwarded from Canva
Forwarded from Canva
A Shanghai city department released Thursday its five-year development plan, which included encouraging metaverse use in public services, business offices and other areas.
The metaverse has become a buzzword in the last few months as businesses, investors and developers predict it could form the next generation of the internet.
Chinese media reports said the Shanghai city document marked the first time a local government mentioned the metaverse in its plans for implementing Beijing’s five-year plan released in March.
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Samsung announces 3 TVs for 2022 with NFT trading capability — link
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Altcoins dominance is breaking out of the bull pennant. Possible altseason scenario
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Volumes on Ethereum-based NFT markets broke a four-month downward trend in December — link
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Binance invests $12m in liquidity platform WOO Network — link
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BTC rejected from the resistance line and again tested the support of $45,700 area. The good thing is BTC able to hold the support and bounced from there. Its been more than a month for sideways movement. The volume is slowly going down means we are near a breakout.
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Yosuke Matsuda, the president of the famous Japanese game company Square Enix (Final Fantasy game series), said NFT together with Metaverse, cloud technology and cryptocurrency as the main trends in the game industry in his New Year letter. His remarks were criticized, but the company's stock price rose 8%.
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Forwarded from Canva
Opensea raises $300m in Series C funding at a $13.3 billion valuation — link
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Daily unique user count on Opensea hits an all-time-high.
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$40k - $42k buy orders cluster is the last hope for #BTC bulls. Below that we got nothing until $30k level.
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BNB broke the $500 support area and dumped hard. BNB is trying to hold the $460 support area. The major support is $430-$440 area. Now the first resistance for BNB is $500 and we will see bullish move only if BNB go above $500 area.
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Bitcoin Dominance is now retesting the 40% area. Although BTC ruined the party. If BTC stable in a range now then we may see some small recovery in altcoins. If Dominance go above 40% then we ll see more dump in altcoins. Use stop loss in all your trades.
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Perpetual futures open interest relative to Bitcoin's market cap is now at the highest it's been since July 25th — link
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PayPal explores launch of their own stablecoin in crypto push — link | archive