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Marvin Fauble
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We can see a major pump in #STG and alot of profits. But now after this Huge pump all the old and hopefully profitable trades and orders of people will achieve. Most of the Profits would be flushed out and in a hour time frame we will see small drops and dumps. it will be followed by a major price correction to the linest support levels which are soo low to its current prices. eventually after such interests it may not touch the support level but will show a great price correction which will be enough to blow some minds. #STGUSDT $BTC $STG

We can see a major pump in #STG and alot of profits. But now after this Huge pump all the old and hopefully profitable trades and orders of people will achieve.

Most of the Profits would be flushed out and in a hour time frame we will see small drops and dumps.

it will be followed by a major price correction to the linest support levels which are soo low to its current prices. eventually after such interests it may not touch the support level but will show a great price correction which will be enough to blow some minds.

#STGUSDT $BTC $STG

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$BTC has been trading between $60,000 and $72,000 since February, leading to decreased trading and transaction volumes. Data shows that Bitcoin's trading volume is now below $14 billion for the past week, similar to levels seen in 2023 when the price was under $30,000. This suggests a lack of interest in buying and selling Bitcoin. Things are even quieter on the transaction side, with only 722,000 Bitcoin moving on the network in the last week. This is a big drop compared to October 2023, when a similar trading volume saw 1.79 million Bitcoin on the move, even at half the current price. Looking at the bigger picture, Bitcoin's transaction volume is at its lowest ever. This is surprising considering the growing popularity of Bitcoin as a speculative asset. Interestingly, new Bitcoin exchange-traded funds (ETFs) launched this year have already brought in $1.73 billion. This suggests that investors are more interested in these regulated products than in buying Bitcoin directly. Another sign of speculative interest is the high volume of Bitcoin derivatives trading, exceeding $34 billion daily. This is almost three times the spot trading volume. However, this derivatives volume has been steady since peaking in March, unlike the declining spot volume. Overall, the data points to a market more interested in betting on Bitcoin's price movements through ETFs and derivatives, rather than buying and holding the actual cryptocurrency or using it for transactions. #BTC☀ #btcupdates2024 #Write2Earn!
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