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BTC price retraces, quarterly trading volume reaches new low 👂👂👂
On crypto, prices saw a retracement along with the move lower in gold and the inverse move in yields, though BTC correlation with overall equities have pretty gone back to zero. Furthermore, quarterly trading volumes on Bitcoin spot came in the lowest levels since 2020, so traders should expect to see further choppy price action and sharp movements on lower liquidity until we see further confirmed mainstream participation, such as with successful ETF filings.
$BTC #ETF #prices #CryptoNewsDaily #equities
On crypto, prices saw a retracement along with the move lower in gold and the inverse move in yields, though BTC correlation with overall equities have pretty gone back to zero. Furthermore, quarterly trading volumes on Bitcoin spot came in the lowest levels since 2020, so traders should expect to see further choppy price action and sharp movements on lower liquidity until we see further confirmed mainstream participation, such as with successful ETF filings.
$BTC #ETF #prices #CryptoNewsDaily #equities
FUN FACT: 5 Year's Ago Today, Bitcoin Reached $10,000 For The First Time In History...!!😳🔥
#Binance #Bitcon #historical #prices #nfa
#Binance #Bitcon #historical #prices #nfa
- Technical analysis suggests a potential altcoin season approaching.
- #Altcoin market cap forms a bullish inverse head-and-shoulders pattern.
- This pattern is seen as a reliable #bullish indicator, marked by three troughs with the middle one being the lowest.
- Confirmation of a trend change occurs when #prices surpass the connecting trendline (neckline) of these lows.
- Altcoin #market cap needs to exceed around $300 billion to complete the pattern and start the alt season.
- Josh Olszewicz, a crypto trader, conducted the analysis, excluding Ether and major stablecoins.
- Caution is advised as the pattern might not hold if the altcoin market cap reverses, invalidating the setup.
- Investors are watching closely for potential outperformance of altcoins compared to Bitcoin and Ether.
- #Traders are waiting for a decisive breach of the $300 billion resistance level before making moves.
$BTC $ETH $BNB
- #Altcoin market cap forms a bullish inverse head-and-shoulders pattern.
- This pattern is seen as a reliable #bullish indicator, marked by three troughs with the middle one being the lowest.
- Confirmation of a trend change occurs when #prices surpass the connecting trendline (neckline) of these lows.
- Altcoin #market cap needs to exceed around $300 billion to complete the pattern and start the alt season.
- Josh Olszewicz, a crypto trader, conducted the analysis, excluding Ether and major stablecoins.
- Caution is advised as the pattern might not hold if the altcoin market cap reverses, invalidating the setup.
- Investors are watching closely for potential outperformance of altcoins compared to Bitcoin and Ether.
- #Traders are waiting for a decisive breach of the $300 billion resistance level before making moves.
$BTC $ETH $BNB
Market remains calm with several data releases👇
Extremely quiet day on Tuesday ahead of CPI with traders carrying much lower risk positions after last week's yield induced stop-outs. 2yr yields continue to struggle breaking out of the 5% psychological level, while the yield curve appears vulnerable to a snap higher as flattener positions remain crowded. Data was similarly light with NFIB small business optimism closing to the highest levels since last November, while the share of businesses raising prices slipped to 2.5 year lows at just 29%. As it has been the case for a while, soft survey data continues to diverge and has been over-pessimistic about the economic outlook, while hard activity data keeps marching to the upside and pushing recession fears further out.
#CPIData #yieldcurve #datanalytics #Economics #prices
Extremely quiet day on Tuesday ahead of CPI with traders carrying much lower risk positions after last week's yield induced stop-outs. 2yr yields continue to struggle breaking out of the 5% psychological level, while the yield curve appears vulnerable to a snap higher as flattener positions remain crowded. Data was similarly light with NFIB small business optimism closing to the highest levels since last November, while the share of businesses raising prices slipped to 2.5 year lows at just 29%. As it has been the case for a while, soft survey data continues to diverge and has been over-pessimistic about the economic outlook, while hard activity data keeps marching to the upside and pushing recession fears further out.
#CPIData #yieldcurve #datanalytics #Economics #prices
Crypto prices break through key support levels📢
After a long period of consolidation, crypto prices also finally cracked to the downside, following the overall drop in risk sentiment across the greater macro complex, along with gold breaking through 1900. While the market continues its long wait for the spot ETF decisions, we expect prices to continue to oscillate with the fluctuating risk sentiment this month, and the path of least resistance might be for a move lower first, before we can muster subsequent rally into year end.
#crypto #ETF #prices $BTC $ETH
After a long period of consolidation, crypto prices also finally cracked to the downside, following the overall drop in risk sentiment across the greater macro complex, along with gold breaking through 1900. While the market continues its long wait for the spot ETF decisions, we expect prices to continue to oscillate with the fluctuating risk sentiment this month, and the path of least resistance might be for a move lower first, before we can muster subsequent rally into year end.
#crypto #ETF #prices $BTC $ETH
$SHIB $PEPE $DOGE
Shibarium, the layer-2 blockchain network launched by #shibaInu , has achieved a significant milestone with over one million wallets since its relaunch on August 28. Despite this achievement, there are notable details to consider:
1. Shibarium has recorded nearly 100,000 transactions since its relaunch, with a peak of 132,000 transactions on August 25.
2. However, the total value locked (TVL) on the Shibarium network remains relatively low, standing at just $1.06 million at the time of the report, indicating that users are deploying smaller amounts of capital on the network.
3. Shibarium developers are working on collaborations with third-party bridges to facilitate the transfer of other tokens onto the #new blockchain.
4. There are plans to renounce the contract for the governance token Bone (BONE) and expand the network's validators in the coming weeks.
5. #Shibarium users have been able to engage in lending, borrowing, and staking activities with tokens like SHIB, BONE, LEASH, and others.
6. Despite the #launch of Shibarium, the #prices of SHIB, BONE, and LEASH tokens have not seen the expected increases. SHIB has experienced a 20% decline since August 16, while BONE and LEASH prices have also dropped.
This development highlights the challenges of achieving price appreciation for tokens even after the launch of a new blockchain network, emphasizing the complex dynamics of the crypto market.
Shibarium, the layer-2 blockchain network launched by #shibaInu , has achieved a significant milestone with over one million wallets since its relaunch on August 28. Despite this achievement, there are notable details to consider:
1. Shibarium has recorded nearly 100,000 transactions since its relaunch, with a peak of 132,000 transactions on August 25.
2. However, the total value locked (TVL) on the Shibarium network remains relatively low, standing at just $1.06 million at the time of the report, indicating that users are deploying smaller amounts of capital on the network.
3. Shibarium developers are working on collaborations with third-party bridges to facilitate the transfer of other tokens onto the #new blockchain.
4. There are plans to renounce the contract for the governance token Bone (BONE) and expand the network's validators in the coming weeks.
5. #Shibarium users have been able to engage in lending, borrowing, and staking activities with tokens like SHIB, BONE, LEASH, and others.
6. Despite the #launch of Shibarium, the #prices of SHIB, BONE, and LEASH tokens have not seen the expected increases. SHIB has experienced a 20% decline since August 16, while BONE and LEASH prices have also dropped.
This development highlights the challenges of achieving price appreciation for tokens even after the launch of a new blockchain network, emphasizing the complex dynamics of the crypto market.
CPI shows weakness😧
Core CPI came in at 0.157% MoM in June, weaker than consensus expectations at 0.3%, with YoY readings falling to 4.8% from 5.3% in May. Core goods prices 0.1% MoM, with a 0.5% decline in used car prices, while shelter prices also continued to slow, with primary rents and OER both missing expectations. The surprising weakness in core CPI was in core non-shelter services, which rose a mere 0.06% MoM, as well as a sharp 8.1% drop in airfares. Even against lowered expectations, the CPI print came in undoubtedly weaker, with Powell's preferred PCE measure showing a precipitous decline from 5.1% in Feb 2023 to 1.4% in June.
#CPIData #prices #rent #PCE #OER
Core CPI came in at 0.157% MoM in June, weaker than consensus expectations at 0.3%, with YoY readings falling to 4.8% from 5.3% in May. Core goods prices 0.1% MoM, with a 0.5% decline in used car prices, while shelter prices also continued to slow, with primary rents and OER both missing expectations. The surprising weakness in core CPI was in core non-shelter services, which rose a mere 0.06% MoM, as well as a sharp 8.1% drop in airfares. Even against lowered expectations, the CPI print came in undoubtedly weaker, with Powell's preferred PCE measure showing a precipitous decline from 5.1% in Feb 2023 to 1.4% in June.
#CPIData #prices #rent #PCE #OER
What is funding and what does it depend on?
A basic understanding of "minus funding means shorts pay longs" is enough for a beginner #traders .
#Funding is an #exchange tool for balancing spot and futures #prices .
Since spot and futures are not related to each other, without funding the price would easily go in different directions.
Accordingly, when you see large funding, it means that the prices have diverged a lot — and the stronger, the higher it is.
For example, with negative funding, the spot price is higher than the futures price, and the stock exchange encourages #traders to open long positions and thereby raise the price.
#Funding is an #exchange tool for balancing spot and futures #prices .
Since spot and futures are not related to each other, without funding the price would easily go in different directions.
Accordingly, when you see large funding, it means that the prices have diverged a lot — and the stronger, the higher it is.
For example, with negative funding, the spot price is higher than the futures price, and the stock exchange encourages #traders to open long positions and thereby raise the price.
𝐎𝐧𝐥𝐲𝐅𝐚𝐧𝐬 𝐏𝐚𝐫𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐇𝐨𝐥𝐝𝐬 𝟗,𝟎𝟎𝟎 𝐄𝐓𝐇, 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐬 $𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐥𝐨𝐚𝐭𝐢𝐧𝐠 𝐋𝐨𝐬𝐬.
Declining ETH #prices negatively impact investment by Fenix International Limited
according to on-chain analyst Ember, as of November 30, 2022, the parent company of #OnlyFans , Fenix International Limited, held a book value of $11.434 million worth of #ETH With the ETH #price at approximately $1,270 on that day, it is estimated that the company #holds around 9,000 ETH.
$ETH
Declining ETH #prices negatively impact investment by Fenix International Limited
according to on-chain analyst Ember, as of November 30, 2022, the parent company of #OnlyFans , Fenix International Limited, held a book value of $11.434 million worth of #ETH With the ETH #price at approximately $1,270 on that day, it is estimated that the company #holds around 9,000 ETH.
$ETH
Chicken or the egg?🤯
Despite all the party energy going on with the TradFi folks this month, the crypto degens obviously didn't get the memo to join, as volatility continues to be crushed with BTC/ETH prices moving with similar volatility to a 3-month T-bill. Based on chain analysis data from Glassnode, the current supply of BTC held by short-term holders (ie. Fast money) has declined to cycle-lows, while long-term HODLers have hit all-time highs. Furthermore, the current 'sell-side risk ratio', defined as the absolute value of realized PNL to the realized market cap, is currently trading at all-time lows, explaining a lot of the current sentiment apathy. This suggests that all investors who can mathematically take profit or loss at this juncture have already done so, and thus a clean break to a new trading range (up or down) will likely be required to impulse traders to get back in as a classic chicken-and-egg problem.
#crypto $BTC $ETH #TradFi #prices
Despite all the party energy going on with the TradFi folks this month, the crypto degens obviously didn't get the memo to join, as volatility continues to be crushed with BTC/ETH prices moving with similar volatility to a 3-month T-bill. Based on chain analysis data from Glassnode, the current supply of BTC held by short-term holders (ie. Fast money) has declined to cycle-lows, while long-term HODLers have hit all-time highs. Furthermore, the current 'sell-side risk ratio', defined as the absolute value of realized PNL to the realized market cap, is currently trading at all-time lows, explaining a lot of the current sentiment apathy. This suggests that all investors who can mathematically take profit or loss at this juncture have already done so, and thus a clean break to a new trading range (up or down) will likely be required to impulse traders to get back in as a classic chicken-and-egg problem.
#crypto $BTC $ETH #TradFi #prices
How Crypto Can Make You Rich Beyond Your Wildest Dreams
Cryptocurrency is going to make you filthy rich.
Yeah, you read that right. Crypto is your ticket to crazy wealth and financial freedom. Here's how:
Crypto is the future of money. Digital currencies like #bitcoin are revolutionizing finance and the way we exchange value. As more people adopt crypto, the value skyrockets. It you get in now, you'll be ahead of the curve and able to buy at today's lower #prices . When mass adoption happens, the value of major #cryptocurrency will absolutely explode.
You can get huge returns, fast. #crypto is infamous for wild price swings and massive rallies that can double your money in a few months. Continuation in the comment section.
Cryptocurrency is going to make you filthy rich.
Yeah, you read that right. Crypto is your ticket to crazy wealth and financial freedom. Here's how:
Crypto is the future of money. Digital currencies like #bitcoin are revolutionizing finance and the way we exchange value. As more people adopt crypto, the value skyrockets. It you get in now, you'll be ahead of the curve and able to buy at today's lower #prices . When mass adoption happens, the value of major #cryptocurrency will absolutely explode.
You can get huge returns, fast. #crypto is infamous for wild price swings and massive rallies that can double your money in a few months. Continuation in the comment section.