🟠🗣Bitcoin options traders bet on a bullish September price move above $100,000, analysts say

🗣QCP Capital analysts say bitcoin risk reversals have gone positive, with calls now more expensive than puts. This suggests a bullish sentiment among investors, as they are willing to pay more for options that benefit from a rise in bitcoin than options that protect against a decline in price.
"We are seeing renewed demand for bitcoin September calls at a strike price of $75,000 and also for $100,000 calls,"
🗣QCP Capital analysts added. The observation from the QCP Capital report corresponds with data from the Deribit derivatives exchange. According to its data, the current top volume by instrument in the options market is for bitcoin calls with a strike price of $110,000 for the end-of-September expiry.

Are you waiting it?) 😱

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👨‍💻Smart Trader Buys 3.18 Million Fantom (FTM)

⏺A prominent trader, identified by the blockchain address 0xd87666833ba1b370ac77f609696267ea8f30a727, has made a hefty purchase of 3.18 million FTM tokens. This latest transaction, valued at approximately $2.26 million, was executed over a span of five hours. That has marked a bold bet on the future of FTM.

According to blockchain analytics platform Spot on Chain, this strategic accumulation of FTM by the trader follows a previous successful trade where he netted a profit of $1.67 million, a remarkable 148% gain. On January 24, 2024, the trader initially bought 3.389 million FTM for $1.13 million and sold all tokens on March 19, 2024, for $2.8 million USD.

These transactions reflect the trader’s adeptness in navigating the crypto market’s fluctuations.

Fantom faces resistance as it currently trades around $0.71. Historical data indicates that the $0.79 to $0.82 range forms a robust resistance block, challenging to breach.

Despite the current bullish actions of some investors, the broader market sentiment remains cautious. Analysts are watching the $0.79 mark, which could either catalyze a breakout to $1 if surpassed or reinforce the unbreached resistance.

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South Korea will become the next country to adopt a Bitcoin ETF 💸

According to media reports, the country's regulator will consider this issue in June at the request of the ruling party.

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😭Good morning!

Today, the market is in the red, most altos are red.
🪙BTC is now trading around $62,470.
🔷ETH is around $3010.

💵Fear/Greed Index: 64 - greed

📉A selection of morning news:

🗣Key upcoming events in the cryptocurrency market.

🗣Outflow of $251 million in digital assets for the 4th week in a row: CoinShares.

🗣Market maker Wintermute will provide liquidity for the Hong Kong BTC and ETH - ETF.

🗣Germany's state bank will issue blockchain-based digital bonds.

🗣Nearly all FTX creditors will get 118% of their funds back in cash, the new Estate plan says.

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❌ The largest P2P platform LocalMonero is ceasing operations

LocalMonero, a leading P2P platform for cryptocurrency exchange, has announced its closure after seven years of operation.

The platform will cease its activities on May 14th 😭

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🇭🇰 The first liquidity fund for #ETF in Hong Kong

🔴 LD Capital, Antalpha Ventures, and Highblock have partnered to launch the first ETF liquidity fund in Hong Kong, with approximately $128 million.
🔴 The fund is aimed at increasing activity in the Hong Kong crypto-ETF market.
🔴 ETF liquidity funds act as market makers, improving trading by constantly buying and selling ETF shares.

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📈 In April, Tron demonstrated the following key metrics:

🔵Total commission revenues reached $125.6 million, which is a significant increase.
🔵More than 170 million transactions were conducted on the platform.
🔵Nearly 5.9 million new unique addresses were created within the month.
🔵The total number of unique network addresses exceeded 227 million.
🔵The daily number of users reached 2.8 million.
🔵The number of TRX holders increased by 4.35 million to over 96.5 million people.
🔵There was a reduction in supply by 191 million TRX due to token burning.
🔵There was a 604-day continuous streak of deflation on the Tron platform.

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👋Has the PEPE Dream Come to an End? Analyzing the Reasons Behind the Meme Coin's Price Decline

🗣Once a flourishing meme coin, Pepe (PEPE) has encountered a setback, witnessing a nearly 10% decrease in its price over the last 24 hours. This sudden downturn has emerged amidst concerns regarding significant token withdrawals from a prominent exchange and the overall future of this meme-inspired cryptocurrency.

🗣Not long ago, PEPE was enjoying its heyday, captivating crypto enthusiasts with its swift price hikes. However, the tide appears to have shifted. The recent price decline has raised doubts about the future trajectory of the meme coin.

🗣According to Etherscan, a blockchain analytics platform, there was a substantial withdrawal of nearly 1 trillion PEPE tokens, valued at approximately $8 million, two days ago. The source of this transfer remains unclear, as it was facilitated by a highly secure Gnosis Safe Proxy wallet.

🗣This event was not an isolated incident. Data indicates another withdrawal of 322.48 billion PEPE tokens, worth approximately $2.7 million, from the same enigmatic address just a day earlier.

🗣The timing of these substantial transactions is particularly perplexing. They occurred concurrently with an unexpected 17% surge in PEPE's price, sparking speculation and fear, or FUD, within the cryptocurrency community.

🗣Various theories have emerged, ranging from market manipulation tactics to concerns about unforeseen regulatory actions, which have left investors feeling uneasy.

🙂🙂🙂

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🇬🇪Tether continues its expansion in the Georgian market by investing in the company CityPay.

This partnership will allow customers to pay for purchases with cryptocurrency in more than 600 stores.

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Top countries by GDP as of April 2024 💵

First five:
🗣US - $28 trillion
🗣China - $18.6 trillion
🗣Germany - $4.7 trillion
🗣Japan - $4.3 trillion
🗣India - $4.1 trillion

Japan has lost its third position in this ranking for 2023, and India is already nipping at its heels.

China is holding steady in second place, but a growing body of data indicates that the U.S. will retain its lead 🗽

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🐂✖️XRP Eyes Mad Anomaly With 6,350% Surge in Bull Liquidations

📈 XRP has defied recent market trends with a surge in bullish liquidations, starkly contrasting subdued activity in bearish positions. In the past 24 hours, long positions witnessed a remarkable $1.27 million in liquidations, overshadowing a modest $19,220 from short positions, a variance of 6,350%.

📉 The surge in bullish liquidations aligns with a 3.85% decline in XRP's price, signaling a shift in investor sentiment. However, the exact catalyst behind this discrepancy remains elusive.

💼 Beyond liquidation figures, XRP's derivative trading volumes have plummeted over 55% within the same period, reflecting reduced trading amid heightened market uncertainty.

🫥Analysts anticipate that these unusual liquidation patterns may lead to a period of relative stability for XRP, potentially rebounding from key support levels. However, institutional investors are expected to drive this recovery more than retail traders.

👋 While bears capitalize on XRP's falling price, bullish stakeholders grapple with wounds inflicted by the recent downturn.

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🇦🇷 Argentina begins mining BTC using surplus gas

🟢 The Argentine state energy company YPF and Genesis Digital Assets have launched a #BTC mining farm.
🟢 The farm uses gas from oil fields – a previously unused resource.
🟢 The facility's capacity is 7 MW (1,200 devices for mining).

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🔐Top 7 token unlocks for the coming week.

⏺Aptos $APT - $102.91M
⏺Internet Computer $ICP - $43.02M
⏺Karate Combat $KARATE - $29.66M
⏺Masa $MASA - $27.80M
⏺GMT $GMT - $23.68M
⏺DAO Maker $DAO - $13.25M
⏺Oasys $OAS - $10.17M

👨‍💻Large token unlocks can have an impact on the token price and the market capitalization of the project. Firstly, if a large number of tokens are unlocked and put on the market, this may lead to oversupply, which may lead to a decrease in the price of the token due to a decrease in demand.

❔This may cause panic among investors and lead to an additional price reduction.😱

🗣On the other hand, large token unlocks may also lead to increased interest in the project and increased market activity, which may lead to an increase in the price of the token.

💎Investors can start buying tokens in anticipation of increased demand and higher prices.

🗣In general, the impact of large token unlocks depends on many factors, such as the current market situation, investor confidence in the project and its prospects, as well as the project itself and its potential.

😱Good morning!

Today, the market is in the black, most altos are green.

🟠BTC is about $61,540.
🔹ETH is about $3,000.

🗣 Fear/Greed index: 55 - thirst

📈 A selection of morning news:

⏺ Spot Ethereum-Grayscale ETF is a top priority.

⏺ A link in the chain interacts with real-world assets.

⏺ The United States proposes a temporary ban on all cryptomixers.

⏺ The final decision of BTC and the dynamics of the market as a whole.

⏺ The Chairman of the House of Representatives votes to maintain regulatory control over the SECTION.

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🇬🇧 The British minister opposes strict regulation of cryptocurrencies

🗣Despite the growing risks for users of digital assets, the minister calls for a balance in regulation in order not to stifle the innovative potential of the sector.

🗣Bim Afolami:

"Regulators must ensure that the crypto industry is not undermined by increased controls."

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💎 The official listing date for Notcoin

So, trading on Bybit will start on May 16 at 15:00 Moscow time.

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💎 TON Network exceeds $200 million in TVL

🔵 #TON has reached the $200 million mark of total blocked value (TVL) (an increase of 900% since March).
🔵The number of monthly active users (MOU) increased by 264% and reached 1.5 million people.
🔵The number of Jetton owners has grown by more than 1000%, to 1.2 million users.

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🐹FTX raised between $14.5 billion and $16.3 billion in cash for distribution.

🤑If approved by the bankruptcy court, 98% of FTX's creditors will receive approximately 118% of their balances within 60 days.

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