BTC CHART Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action. A successful break above $45,000 could propel the price towards the $48,000-$50,000 range, while a rejection may lead to a decline towards the $40,000-$42,000 support area.BNB CHARTBNB Analysis:BNB is breaking out of the symmetric triangle pattern, but it's prudent to wait for a candle close above the trendline to confirm the breakout. If confirmed, we might witness a move towards the resistance area, and it's essential to observe how the price reacts upon reaching that level. The support and resistance levels remain unchanged for now.SUSHI CHARTSUSHI Analysis: Price is currently oscillating between the support and resistance levels. We might witness a price surge towards the resistance area and observe its reaction. You can place your buy orders in the support area and wait for the price to rebound.Support Area: $0.995-$1.01Resistance Area: $1.22-$1.25EDUCATIONAL POSTWhat are flash loans?A traditional banking system includes secured and unsecured loans. Secured loans are the ones where the user should attach collateral. Unsecured loans there is no need for collateral as the loan will be sanctioned based on the user’s CIBIL/CRIF score. A flash loan is a form of trading where users can borrow an unsecured loan without any intermediary. The smart contract will monitor the transactions and will ensure that the transaction will execute when the user adheres to the rules given in the contract. The smart contracts are pioneered by Aave, one of the top lending protocols in DeFi. The size of the loan depends on the capital availability in the publicly funded platforms that provide flash loan services. The fees involved in this type of loans are very low (0.09% on Aave). #TradeNTell #Write2Earn #tia #BNB🔥 #sushi

Long-term holders of one Ethereum (ETH)-based decentralized finance (DeFi) altcoin are taking a step back from their investments, according to crypto analytics firm Santiment.

In a new report, Santiment says that SushiSwap’s (SUSHI) total value locked (TVL) has witnessed a massive 93% decline since November of 2021.

In comparison, the TVL of SushiSwap competitor Uniswap (UNI) has only dropped 63% over the same timeframe, according to Santiment.

The firm also says that the number of unique active wallets interacting with SushiSwap is seeing very little growth.

“Looking at the UAW – the number of unique active wallets (UAW) interacting or performing a transaction with a DApp’s smart contracts – there are some occasional spikes but overall, there’s little real growth as protocol usage on average remains pretty low.”

As for Uniswap, Santiment says that the number of unique active wallets transacting on the network is on the up and up.

“Meanwhile, on Uniswap, UAW has been increasing for the last year and at a pretty organic rate. Protocol usage on average maintains at levels higher than one year ago, indicating a healthy protocol.”

Santiment also looks at its dormant circulation metric, which tracks the tokens that move after staying inactive for more than one year. According to the firm, sudden surges in previous dormant coins have historically preceded sharp price drops, and such a spike has just occurred for SUSHI, implying that long-term holders are selling off their positions.

“Looking at the SUSHI token itself, there have been notable movements since the start of the year… From this, we can observe that long-term holders have been exiting their positions. Previous Dormant Circulation (365) spikes have sharp price declines following it. We are now observing yet another spike that happened yesterday.”

#DeFi #sushi #GPT-4 #Fed #koinmilyoner