As we Say ✅ #BTC 70400 | ToTheMoon0008 on Binance Square

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As we Say ✅ #BTC 70400

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ToTheMoon0008

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This is a perfect #Bitcoin breakout retest.

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Is Bitcoin Really Safe? New Insights from ‘Black Swan’ Author on Recent Crash Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in Japan Speaking on the crash, Nassim Nicholas Taleb, a risk analyst, author of “The Black Swan” and a well-known Bitcoin detractor, sheds light on the origins of the recent market disruptions that have rippled through to cryptocurrencies. On Monday, the Japanese stock market fell severely, dropping by more than 10%. The report said this plunge came “amid risk from a stronger yen, tighter monetary policy, and concern over the US recession.” • IS BITCOIN SAFE ? Bitcoin dipped to a 7-month low during the global market plunge, dropping below $50,000. This fall impacted the crypto market so much that the total liquidations surpassed $1 billion. Given this significant negative impact attributed to the plunge in the Japanese market, some might question if Bitcoin is still safe, especially as a safe haven. However, it is worth noting that Bitcoin has since proved to be a digital asset worth considering as a safe haven when it comes to times like this. In March 2023, when major banks in the US were collapsing, Bitcoin saw a rise to as high as $29,000—a notable increase from its lowest levels below $20,000 that month.

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💯 Spot Signal ✨ Coin: #DOT/USDT ✨ Signal Type: 🔷 ( Long ) 🎯 ENTRY Target 4.4 - 3.50 PROFIT Targets 1) 5.10 2) 5.80 3) 6.60 4) 8.00 ⚠️ STOP LOSS : 2.90 𝐓𝐨𝐓𝐡𝐞𝐌𝐨𝐨𝐧0008®

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Institutional Investors Buy The ETH Dip as Spot ETF Flows Turn Positive: Institutional investors appear to be buying the dip as spot Ethereum exchange-traded funds flip back to positive inflows, but the same can’t be said for Bitcoin funds. U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours. On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading. Additionally, it is only the fourth day of inflows in the past ten days of trading, suggesting that institutional investors were indeed buying the Ethereum dip. Moreover, the notion was confirmed by ETF specialist James Seyffart in a post on X on August 6. “ETF investors, in aggregate, likely bought the dip on Ethereum today.”

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“Whales are preparing for the next altcoin rally” — CryptoQuant founder: CryptoQuant founder Ki Young Ju believes that crypto whales are positioning themselves in anticipation of the next altcoin rally as traders hotly debate when altseason will begin. Ju’s analysis centered around the one-year cumulative buy/sell quote volume difference for altcoins, a metric that measures the differential between buy and sell limit orders using a one-year timespan. The analyst explained that whales prefer limit orders to avoid slippage, and the rising level of the metric suggests an increasing number of buy-limit orders among large crypto investors and institutions, representing “strong buy walls” of future demand for altcoins. DeFi is “waking up again” — Active loans return to 2022 levels DeFi may be experiencing a revival, with key metrics such as active loans and total value locked (TVL) on the rise since their more recent lows in 2023. Crypto market analytics platform Token Terminal proclaimed that “DeFi is waking up again” in a July 31 post on X. It backed up this claim with charts and statistics, one of which was for active loans, which have returned to levels not seen since early 2022, at around $13.3 billions. Morpho secures $50 million funding led by Ribbit Capital for onchain lending Decentralized finance protocol Morpho Labs has raised $50 million in funding following a recent revamp of its business. The round was led by Ribbit Capital with participation from a16z Crypto, Coinbase Ventures, Variant, Pantera Capital, Kraken Ventures and other investors. Morpho Labs had previously raised $23.6 million across multiple funding rounds, including an $18 million Series B funding round a16z and Variant in 2022. The funds will be used to support the recently launched Morpho Blue, a permissionless lending protocol that allows entities to create and manage their own markets without needing prior approval from any central authority. The solution also offers vaults that can be tailored with specific risk management parameters.

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