#AndreCronje Apps getting paid for having users use it. So | kaymyg в Binance Square

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#AndreCronje 
Apps getting paid for having users use it. So simple. 

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#Greekslive #Bitcoin is gassing up, hitting $90,000 at one point today, which seemed like a distant goal a month ago, and now $100,000 is close at hand. The last two days have been fuelled by the big market, with implied volatility rising slightly across all major terms, with short-term IV rising significantly, but still quite a bit lower compared to the election period. A large number of speculative positions expired at the end of this election, and I didn't expect the market to kill it backhandedly. Looking at the options market, the market is clearly polarised and trading is very fragmented, with some of the larger traders heading for the sky to go long, while more traders are currently on the short side of the market. $BTC

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Liquidity Fragmentation and Its Consequences on Memecoins

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#santimentfeed 🧐 Bitcoin's rise (now $87.1K) has been so rapid that traders are now speculating how quickly we see a $100K market value. Though this price was beyond comprehension just 2-3 months ago, the community has quickly changed its tune after a +70% surge since the August 5th crash. $BTC

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#Bitcoin shows a strong upward trend in the recent 15-minute chart, with the last recorded price at 88,728.0 $USDT, reflecting a 9.06% increase. The 24-hour high is 89,800.0 USDT, and the low is 80,467.0 USDT, indicating significant price movement within the day. The high trading volume (687,198.244 $BTC ) suggests active market interest, with considerable liquidity at 58.75 billion #USDT . The chart below shows consecutive green candles with some retracements, a positive indication that buyers are in control. The Moving Average (MA) indicators show an upward trend, with the 5-period MA at 4,284.6448 and the 10-period MA at 5,062.4040, suggesting sustained momentum. The prospect for Bitcoin appears bullish if it can break through the recent high and maintain above the 88,000 USDT level. However, traders should watch for potential resistance around 90,000 USDT, as it may trigger profit-taking or short-term corrections.

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