๐๐ค #BTC CQ: Bitcoin Net Unrealized Profit (NUP) is contracting - the unrealized profit range has been narrowing since March 2024.
This means: emotions have cooled down, the crowd is neither in euphoria nor in panic. Each new rally brings less and less profit. The market is like a compressed spring. The longer the compression, the stronger the next surge will be.
The market has entered a phase of neutral equilibrium and is setting the stage for a new impulse, the direction of which will be determined in the near future.
This means: emotions have cooled down, the crowd is neither in euphoria nor in panic. Each new rally brings less and less profit. The market is like a compressed spring. The longer the compression, the stronger the next surge will be.
The market has entered a phase of neutral equilibrium and is setting the stage for a new impulse, the direction of which will be determined in the near future.
๐ #BTC liquidation map highlights three key high-leverage zones:
1๏ธโฃ $111.8K โ nearest resistance, heavy short pressure
2๏ธโฃ $109.4K โ mid-level support with clustered longs
3๏ธโฃ $106.8K โ deep liquidity pocket for potential sweep
1๏ธโฃ $111.8K โ nearest resistance, heavy short pressure
2๏ธโฃ $109.4K โ mid-level support with clustered longs
3๏ธโฃ $106.8K โ deep liquidity pocket for potential sweep
๐ #BTC spot CVD and bids are fading
Spot buyers are stepping back while perp traders still lean long. This divergence often ends with perp liquidation or another spot-driven flush. Keep watching $109Kโ$110K zone.
Spot buyers are stepping back while perp traders still lean long. This divergence often ends with perp liquidation or another spot-driven flush. Keep watching $109Kโ$110K zone.
๐๐ #BTC Swissblock: Last week, spot demand was weak, capped by USโChina trade war. Momentum remains negative and flat. It means that without sustained spot demand, the bullish setup could fade fast.
If demand holds and momentum turns up, BTC advances in the battleground, otherwise, it risks retreating again and raising the white flag.
If demand holds and momentum turns up, BTC advances in the battleground, otherwise, it risks retreating again and raising the white flag.
๐ Current Solana TVL in #SOL (not USD) is at a 40 month high.
๐ #XRP Santiment: just 10 days after XRP fell below $1.90 and 3 days after recovering to $2.20, XRP has surpassed $2.50. The data clearly shows that the crowd is selling at a loss and expressing uncertainty. Prices tend to move against retailers' expectations.
๐ #TRX Despite last week's market downturn, Tron saw strong growth in decentralized exchanges (DEX) and crypto exchanges (Perps) volume, active addresses and transactions:
DEXs volume: $818.1 million (+5.05%)
Perps volume: $544.68 million (+9.06%)
Active addresses: $18.91 million (+7.26%)
Transactions: 69.47 million (+6.09%)
DEXs volume: $818.1 million (+5.05%)
Perps volume: $544.68 million (+9.06%)
Active addresses: $18.91 million (+7.26%)
Transactions: 69.47 million (+6.09%)
๐ธ #BTC Over the last 24 hours, ~$321 million worth of contracts have been liquidated, of which longs have liquidated ~$247 million and shorts ~$74 million.
๐บ๐ธ๐ค #COIN Coinbase strikes a $375 million deal to acquire crypto trading platform Echo.
๐ฐ #USDT Tether invests in Kotani Pay to revolutionize Africa's digital asset infrastructure and cross-border payments.
๐ฐ #ETH SharpLink purchased 19,271 ETH last week at an average price of $3,892.
๐ฅณ #SIGN YZi Labs led a $25 million funding round for Sign
๐โโ๏ธ #STORJ Inveniam Capital Partners acquires Storj to develop decentralized data infrastructure.