Bitcoin Retail Demand Rises 13% in 1 Month: Q4 2024 Rally?
Bitcoin (BTC) retail on-chain activity is rising after four months of decline.
Will Retail Participation Help Bitcoin?
On-chain analytics platform CryptoQuant found that BTC transactions under $10,000 are growing, indicating a market change from risk-averse to risk-on.
Tracking transactions under $10,000 indicates retail activity. Retail activity is typically influenced by market emotion and headlines, not fundamentals and long-term outlooks.
Retail demand for Bitcoin faltered following its March 2024 all-time high (ATH), according to the study. Retail demand has grown 13% in 30 days and might expand more.
BTC rose 7% from $63,142 on September 22 to $67,346 on October 22. BTC may rise in Q4 2024 due to growing retail on-chain activity and pricing.
After Iran's attack on Israel this month, BTC and other cryptocurrencies recovered quickly, indicating a return to risk-on behavior in the digital asset market.
Over the last four months, retail on-chain activity decreased, while institutional investors maintained “a high amount of transactions and absorption of coins.” The study partially states:
The current spike in bitcoin is encouraging small investors to trade again, indicating a shift toward lesser risk aversion.
Is Q4 2024 Rally Coming?
Bitcoin retail on-chain activity is positive, suggesting retail investors are again interested in the top digital currency. However, the US presidential elections may increase BTC price volatility.
Several crypto researchers and trading businesses believe the US presidential elections will determine a Q4 2024 boom.
Bitwise CIO Matt Hougan said “anything other than a Democratic sweep” would help BTC reach $80,000 in Q4 2024.
Bitcoin dominance, a crypto market share statistic, reached 58.9%, a cycle high. This is good for BTC's price, but more dominance might hurt altcoins. Q4 2024 may see a fresh BTC ATH but subdued altcoin returns.
Retail demand for digital assets may be geography-specific, not global.
#UptoberBTC70K? $BTC #BTC
{spot}(BTCUSDT)
$RAD
The RAD has been on an upward trajectory, recently reaching a high of 1.49, with its current price hovering near this peak. This surge indicates strong buying pressure and potential continuation.
Retreating to its recent low of 1.13, the RAD has demonstrated resilience, rebounding by 31% to challenge its highs. This impressive recovery suggests robust demand and potential upside.
Critical levels to watch are the support of 1.13 and resistance at 1.49. A breakout above 1.49 could propel RAD toward 1.65-1.75, while a reversal below 1.13 may trigger a decline to 1.00-1.05.
Market sentiment appears decidedly bullish, favoring further gains. Monitoring RAD's movement relative to these key levels will provide valuable insights into its next move.
#rad #ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K? #APTSurpassesSUI
**Bitcoin ETFs: A Rollercoaster Ride! 🎢**
- Institutional investors hit the brakes on their Bitcoin (BTC) buying spree as BTC price action takes a breather.
- US spot Bitcoin ETFs saw net negative inflows for the first time in two weeks, dropping $79.1M on Oct. 22.
- The ARK 21Shares Bitcoin ETF led the outflows, shedding $134M, while BlackRock’s iShares Bitcoin ETF managed a modest $43M inflow.
- Despite the dip, ETFs remain a hot topic, with institutional ownership now around 20%.
- European investors have also jumped on the bandwagon, contributing over $100M YTD.
- Total assets under management hit a record $65B, making ETFs a key liquidity driver.
*Disclaimer: This article does not contain investment advice.*
🚀 Bitcoin ETFs: A Rollercoaster Ride! 🎢
Bitcoin (BTC) institutional investors have hit the pause button on their buying spree, as BTC price action consolidates. Data from Farside Investors reveals that US spot Bitcoin ETFs turned net negative for the first time in two weeks, shedding $79.1 million on Oct. 22.
- ARK 21Shares Bitcoin ETF led the outflows with $134 million.
- BlackRock’s iShares Bitcoin ETF saw $43 million in inflows, a sharp drop from $329 million the day before.
Despite the hiccup, institutional interest remains strong, with ETFs driving liquidity and accessibility.
What's your take? Comment below! 💬
Mastering Strong Trends with EMA: Spotting Winning Coins in Bull & Bear Markets
In volatile markets—whether bullish or bearish—identifying the strongest performers is key. To maximize profits, EMA (Exponential Moving Average) can be your secret weapon for catching the best opportunities. Here’s how to use it effectively:
1️⃣ 4-Hour EMA for Scalping
For short-term trades, the 4-hour EMA is ideal. It helps identify coins with strong momentum shifts, giving scalpers a fast edge to enter and exit positions. When a coin stays above the 4-hour EMA in an uptrend, it’s a clear buy signal. Similarly, in a downtrend, trading below the EMA can signal selling pressure.
2️⃣ Daily EMA for Midterm Trading
Looking to ride trends over several days or weeks? The daily EMA is your go-to. Coins consistently trading above the daily EMA during bull markets often continue their climb. In bearish markets, sticking below the daily EMA suggests further downside, helping traders align with the broader trend.
3️⃣ EMA as a Strength Detector
Whether in a strong bull market or an unforgiving bear market, the key is to chase strength. EMA allows you to filter out weak performers and focus on those with sustainable momentum. This strategy ensures that you’re always positioned with the market’s strongest coins, avoiding underperformers.
By using 4-hour and daily EMA strategically, you can adjust your tactics between scalping quick moves and holding midterm positions, staying ahead of the market and maximizing gains.
🆘 ĐỪNG BẮT ĐÁY 🆘
Hôm nay Binance đã thông báo chính thức huỷ giao dịch 3 token $OOKI $UNFI $KP3R. Trong giai đoạn chờ delist khỏi sàn thì khả năng rất cao team dự án, quỹ đang còn nắm giữ 3 token trên sẽ có đợt bơm thổi giá để thoát hàng, vì vậy tôi khuyên mọi người không nên mua vào hay fomo bởi những cây nến xanh lừa dối nhà đầu tư. Cuộc chơi càng ngày càng khốc liệt cho altcoin, đặc biệt altcoin lowcap khi đa phần đều hết vốn, hoạt động cầm cự và dần dần từ bỏ dự án dẫn đến việc bị delist trên các sàn giao dịch, tuy nhiên điều đáng buồn là rất có thể đội ngũ dự án lại đang ẩn mình chờ cơ hội tạo dự án mới và tiếp tục câu chuyện lùa gà cho mùa tiếp theo.
Chú ý: Bài viết là góc nhìn cá nhân, không phải lời khuyên đầu tư. #hotTrends #MarketDownturn
**Bitcoin ETF Inflows Turn Negative Amid Price Consolidation**
Institutional investors have hit pause on their Bitcoin buying spree as BTC price action consolidates. Data from UK-based Farside Investors shows that inflows to US spot Bitcoin ETFs turned net negative on October 22, marking the first dip in two weeks.
- **Key Points:**
- US ETF inflows dropped by $79.1 million in one day.
- The ARK 21Shares Bitcoin ETF saw outflows of $134 million.
- BlackRock’s iShares Bitcoin ETF managed $43 million in inflows, down from $329 million the previous day.
Despite this, the ETFs have been a major story in the crypto market, with institutional ownership now around 20%. European investors have also allocated over $100 million to US products this year. Last week, net inflows crossed the $20 billion milestone, with total assets under management hitting a record $65 billion.
In Q3, US-based Bitcoin ETFs saw over $5 billion in net inflows, highlighting strong institutional demand for Bitcoin exposure. These ETFs are now key drivers of liquidity and accessibility in the market.
$ETH Below $3,300—A Hidden Gem in the Making
I’m sticking to my strategy: buy ETH on every dip. With BlackRock quietly accumulating Ethereum, it’s clear they see the long-term value, and so do I. Sure, I can’t compete with giants like BlackRock, but I’ve got one thing—patience.
Right now, the sentiment around Ethereum is at rock bottom. From a price perspective, it’s disappointing—no matter how much value it holds, investors only see losses as failure.
Even Vitalik Buterin has stepped up several times this year to defend Ethereum, but the market hasn’t rewarded his efforts. Instead, ETH has kept sliding, possibly because of Ethereum Foundation’s selling activities. While these sales fund operations, the market isn’t rational at moments like this.
On top of that, Grayscale’s constant ETHE sell-offs are adding fuel to the fire, putting even more downward pressure on the price.
It’s just like in the world of influencers—once the narrative shifts, everyone jumps on the bandwagon. Criticizing ETH now is the trend, but real investors know the true value is hidden beneath the noise.
However, ETH has one urgent issue: if the burn mechanism isn’t improved, there’s a risk of token inflation, which would be a massive blow to Ethereum’s value proposition. But let’s be real—this isn’t a reason to dismiss Ethereum as “garbage.” It’s simply a challenge to overcome on its path to greatness.
In the crypto world, only two gods exist—Satoshi and Vitalik. Under Vitalik’s leadership, Ethereum will likely lead the next bull run. Don’t let short-term negativity blind you from the long-term opportunity.
⚠️ Major Crash Incoming? $BTC Could Plummet to $35,720!
Alan Santana, a prominent crypto analyst, has made a shocking prediction—Bitcoin might plunge to $35,720 soon. And he has solid reasons to back his call. Let’s break it down:
1️⃣ Weak Buying Momentum
Despite a 75-day bullish run, Bitcoin failed to hit new highs. The inability to maintain upward pressure and falling below the critical $70,000 mark hints at what Santana calls a “reversal correction.”
2️⃣ Whale Investors Holding Back
Whales—those with massive holdings capable of shifting the market—have gone quiet. Their hesitation is a red flag, as the absence of whale activity reduces the chance of significant price rallies. Without whale support, the market feels stuck in neutral.
3️⃣ Market Manipulation in Play?
Santana also points to manipulative actors as a major reason for Bitcoin’s recent volatility. In crypto markets, certain players exploit price swings for profit, undermining market stability and fairness.
💡 Investor Takeaway:
Santana’s forecast is controversial, but it’s a timely reminder—stay alert. Bitcoin’s unpredictable nature demands discipline and caution. In a market filled with opportunities and risks, only the sharpest survive.
Will Bitcoin tumble to $35,720? Or is this just another bear trap? Stay vigilant, folks—this could be the moment that defines the market.
Supper tope gainer $RAD
Technical Analysis Update:In today’s market, we’re observing some intriguing movements across key cryptocurrencies. Here’s a breakdown with three target levels to watch:1. $RAD
{spot}(RADUSDT)
(Radicle): Currently priced at $1.468. After a robust 26.66% increase, we’re eyeing the following targets:First Target ($1.50): A psychological resistance level that could attract profit-taking.Second Target ($1.75): If momentum persists, a breakthrough here could signal further bullish action.Third Target ($2.00): A significant milestone, representing a 36% increase from current levels.2. SCR (Scream): Trading at $0.993 with a gain of 24.12%. Keep an eye on these targets:First Target ($1.00): A critical level that might induce selling pressure.Second Target ($1.10): A potential breakout point, suggesting continued upward momentum.Third Target ($1.20): A significant resistance area where traders might reassess positions.3. SLP (Smooth Love Potion): Now at $0.002981, up by 13.13%. The following targets are notable:First Target ($0.0030): A key level for short-term traders.Second Target ($0.0035): A breakout could lead to a stronger rally.Third Target ($0.0040): Represents a notable resistance zone where selling may intensify.As always, keep an eye on market sentiment and volume, as these factors can significantly impact price movements. Happy trading!Let me know if you’d like to make any adjustments!
🚀 Big news from MakerDAO! The community is gearing up for a major debate on dropping the Sky brand after a mixed reception. A formal governance poll is set for November 4. 📅
The USDS stablecoin, launched in August, has been a hit with $1.2B in supply and a 6.5% savings rate. But the Sky token hasn't met growth expectations, and MKR holders are feeling the pinch.
Rune Christensen outlined three options: stick with Sky, return to Maker's roots, or refresh the Maker brand.
What do you think? Should MakerDAO revert to its original identity or push forward with Sky? Share your thoughts below! #DeFi #CryptoNews
🚀 Crypto News Flash! 🚀
As October unfolds, the crypto market reveals fresh opportunities. XRP, ADA, and emerging contender CYBRO are drawing investor interest for their growth potential.
🔹 **CYBRO Presale**: Surpasses $3M! This next-gen DeFi platform offers a potential ROI of 1200%. With only 21% of tokens left, now's the time to dive in!
🔹 **XRP**: Fast, low-cost, and ideal for borderless payments. A decentralized system with secure transactions.
🔹 **Cardano (ADA)**: Sustainable, scalable blockchain for smart contracts. Energy-efficient and highly capable.
🔹 **Kaspa**: Innovative PoW crypto with blockDAG tech, ensuring high block rates and short confirmation times.
💬 What do you think? Share your thoughts in the comments!
Bitcoin Continues To Consolidate
Bitcoin continues to consolidate between 68k and the descending channel's upper trendline. So far, this looks still healthy. While many momentum indicators have returned to neutral territories (that's what we want), trend indicators have maintained their bullish structure (VMA bullish, MACD bullish, etc.).
Moreover, the daily candles show long wicks below the candle's body, which shows buyers stepping in and pushing the price back up—a healthy sign, too.
Therefore, it's probably only a matter of time until we see the next move (up).
$BTC
$PEPE Tests Key Resistance at $0.00000109 - CoinPedia Analytics
PEPE has surged over 12% in the past week, trading at approximately $0.0000107 by mid-October. This recovery follows a recent dip, restoring market confidence as PEPE tests a key resistance level at $0.00000109. The influx of liquidity and consistent buying pressure suggests growing optimism among traders.
On the technical side, PEPE's chart exhibits a bullish pattern, marked by higher highs and higher lows. The RSI remains neutral, signaling room for further movement. Additionally, the formation of a ‘golden cross’—where a short-term moving average crosses above a long-term one—points to a potentially bullish future.
If PEPE breaks through the $0.00000109 resistance, it could aim for the next target of $0.00000112. However, the rise of a new altcoin, RCOF, with predicted gains of 1,000%, could overshadow PEPE’s performance.
Major crypto, diamond fraud trial opens in France 🤯
Some 28 million euros ($30 million) were allegedly stolen in the case, dubbed “red card” because of the dozen football clubs among the plaintiffs.
Some 850 of the victims are represented at the trial which had to be moved to the conference centre in the eastern French city of Nancy because there were too many for a traditional court. Hearings are set to last four weeks.
The defendants, between 28 and 73, are accused of running websites offering fraudulent investment opportunities in diamonds or cryptocurrencies between 2016 and 2018.
One person handed over 400,000 euros believing they were investing in diamonds and what was advertised as a “diamond savings plan”.
Some investors lost big chunks of their savings or even contracted loans to invest, attracted by a promise of large annual returns, said Colman, a law firm representing around 100 plaintiffs.
“We believe this trial marks a strong signal in the fight against international financial fraud,” the firm said in a statement.
The accused opened 199 bank accounts in 19 countries to receive and transfer funds, according to investigators. Some 2.8 million euros were recovered and could be used to compensate victims.
Technical Analysis: $KP3R
{spot}(KP3RUSDT)
/USDT
Current Price: $45.95
Recent Performance: Down 4.67% (-$2.25) over the last 24 hours
As KP3R/USDT navigates its current trading range, we’ll analyze its potential movements and set our sights on three key targets to watch:
1. First Target (Support Level): $44.00 🎯
This level acts as a crucial support zone where buying interest may increase. If KP3R approaches this target, watch for a possible bounce, indicating that buyers are stepping in. A failure to hold above this level could signal further downside.
2. Second Target (Resistance Level): $48.00 🎯
The $48.00 level serves as a potential consolidation point. A breakout above this target could signal a shift in momentum, leading to a stronger bullish trend. Traders should monitor for volume increases to confirm this move.
3. Third Target (Key Resistance): $52.00 🎯
This resistance level is significant, as previous attempts to breach it have faced selling pressure. A successful break above $52.00 could pave the way for further gains, making it an important level to watch for bullish continuation.
Volume Insights:
With a 24-hour volume of 1.31M USDT, market activity remains robust. Higher trading volumes can provide confirmation for moves toward these targets, especially if we see significant shifts.
Conclusion:
KP3R is currently facing downward pressure but has several pivotal levels that traders should watch. Keeping an eye on these targets will help in navigating potential market movements effectively.
Feel free to adjust any details or add more analysis as needed!