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$BTC has broken out of its 4-month range and dipped below its last support level, leading to significant changes in ownership. We could say that the cards are being reshuffled. With the price dropping below the support level, we saw whales quickly turning to buy. They made some purchases in this region, continuing to maintain their #Bitcoin holdings despite the declines. Meanwhile, small investors are still selling, and their #BTC holdings are continuously decreasing. This indicates a rotation from small investors to larger ones. Whales might be buying because they believe the price won't stay below the support level for long, but it's not wise to base decisions on a single piece of data. We need to see at least a few signs of a reversal.I will keep updating the data frequently, friends. Wishing everyone a great day and plenty of profits. #BinanceTournament Additional Thought In such market movements, especially with a volatile asset like Bitcoin, the actions of whales can often set the trend. However, investors should consider overall market dynamics and macroeconomic factors, not just the movements of large investors. Despite short-term fluctuations, long-term investment strategies are generally a safer approach. $ETH
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#MtGox has moved 50,000 #Bitcoin from a cold wallet to a new wallet, causing a market drop. Don't wake up, folks—they've crashed the market. $BTC
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$BTC In the last 24 hours, there has been $294 million in liquidations, with the majority being long positions. Leverage traders are becoming the fuel for the market. They are getting liquidated one after another, both long and short positions. It's clear we are in a seesaw market. You won't discourage us.
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After AI and DeFi, a new trend in crypto could potentially be #DePIN. But what is it? $IO newly listed gem on all exchanges forming a falling wedge on lower time frame expecting a breakout in next couple of days #IO might empower the decentralized GPU/AI narrative.but it's no match for the current #Bitcoin dominance and market conditions. Traders are now taking profits, and the price of the coin is down -55% from its ATH. The next potential major support is at the 61.8% Fibonacci level, between $2.5 and $2.6 Today's review focuses on IO's initial offering completion on #Binance Launchpool and its future opportunities. IO is a decentralized computing provider built on the Sol network, offering a decentralized processing network. It provides access to GPU and CPU usage at low costs, catering particularly to decentralized applications. ⚪️The AI sector is poised to become the dominant narrative in the coming years, leading to a surge in demand for cost-effective GPUs. It is estimated that the projected market will exceed $1.4 trillion by 2030. This is the market that IONet aims to target. ⚪️GamerHash's community can now connect their compute resources with ionet's distributed GPU network, transforming gaming's computational power into a valuable asset for AI sector innovation and growth. #IOInternetofGPUs IO ecosystem categorizes itself into 5 main categories: 1. Infrastructure: Projects that support protocol infrastructures using the IONet GPU Network or integrate their own infrastructures with it. 2. GPU Provider: Projects that supply GPU resources through the IONet platform. 3. DePINFi: Also known as Tokenized Real World Assets (RWA), this new category allows users to participate in IOGs (GPU providers) without setting up their own GPUs, similar to liquid staking services. 4. AL Ecosystem: Projects utilizing the IONet GPU infrastructure for artificial intelligence applications.
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After AI and DeFi, a new trend in crypto could potentially be #DePIN . But what is it? Today's review focuses on the completion of IO's initial offering on #Binance Launchpool and the opportunities it may bring in the future. $IO is a decentralized computing provider built on the Solana network, offering a decentralized processing network. It provides access to GPU and CPU usage at low costs, catering particularly to decentralized applications. ⚪️ The AI sector is poised to become the dominant narrative in the coming years, leading to a surge in demand for cost-effective GPUs. It is estimated that the projected market will exceed $1.4 trillion by 2030. This is the market that IONet aims to target. ⚪️ GamerHash's community can now connect their compute resources with ionet's distributed GPU network, transforming gaming's computational power into a valuable asset for AI sector innovation and growth. ⚪️ One of ionet's standout features is its ability to dynamically allocate computing power according to user demand. This flexibility ensures efficient resource utilization and facilitates seamless scalability for organizations. #IOInternetofGPUs IO ecosystem categorizes itself into 5 main categories: 1. Infrastructure: This category includes projects that support protocol infrastructures using the IONet GPU Network or integrate their own infrastructures with it. 2. GPU Provider: Projects in this category supply GPU resources through the IONet platform. 3. DePINFi: Also known as Tokenized Real World Assets (RWA), this new category allows users to participate in IOGs (GPU providers) without the hassle of setting up their own GPUs, similar to liquid staking services. 4. Artificial Intelligence Ecosystem: Projects utilizing the IONet GPU infrastructure for artificial intelligence applications. 5. Others: Includes projects and services that do not fall into the above categories. These categories comprehensively represent the diverse use cases and technological applications within the IO ecosystem. $BTC $PEPE
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