it's little trick 😏 | Abashs på Binance Square

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it's little trick 😏 

Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold. Se vilkår og betingelser.

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Binance announced that after the Megadrop IEO event, it banned around 300 accounts - 297 to be precise. The reason? Sybil attacks. Airdrop hunters use various sophisticated strategies to get as many free tokens as they can. However, more projects are implementing strategies to fight farmers. Over a million users participated in the Megadrop IEO event, demonstrating a high level of user participation. Yet despite enormous interest, 102,000 accounts were found to be fraudulent by Binance's risk control procedures. As more accounts are examined, this number is updated continuously.

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#Notcoin burns 210M NOT tokens in a day On June 25, the #Notcoin team announced that it had burnt 210 million NOT tokens worth $3 million in a day, a move that grabbed traders' attention and helped NOT's price rally by up to 16.40% to reach $0.0164.

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Celebrity memecoins are the latest influencer crypto trend, with the likes of Katlyn Jenner and Iggy Azalea recently launching their own memecoins. However, like each bull cycle, several celebrity-linked projects have already been accused of retail dumping and scamming unsuspecting amateur investors, highlighting the crypto market’s long-running issue with influencers. Every bull cycle, celebrities jump on the latest trend.

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#MarketSentimentToday 3. Possible selling and stalemate Due to a lack of liquidity, some institutional selling operations may come to an end if Bitcoin drops below $57,000. As buyers and sellers await more favorable conditions, this scenario could result in a sideways market, where Bitcoin trades between $55,000 and $60,000. On the other hand, Bitcoin may fall as low as $50,000 if institutions keep selling. Bitcoin's price is greatly influenced by the actions of institutional investors, who hold a substantial portion of the market. It may be difficult for Bitcoin to recover in the near term if the sell-off continues, as this could result in an extended bear market.

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#MarketSentimentToday 2. More liquidations A lot of buyers may try to catch the knife and purchase Bitcoin at what they perceive to be a low price around the $56,000 mark. There may be more liquidations, though, if Bitcoin is unable to maintain this level. An additional sell order may be executed as a result of buyers' stop-loss orders being triggered, further lowering the price. It may be more difficult for the price of Bitcoin to stabilize if there is more selling pressure, which would accelerate the decline.

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