Daily Market Update from Short Maestro time
👉 So the last 24 hours >> Slow dump then a minor rebound the last few hours.
💸 Longs suffered heavy damage, 24 hours liquidation exceeding more than 2 times than of shorts.
This quick rebound is likely to be a fake pump. Or a bull trap. Although I don't think there are not many noobs left to get trapped anymore at this point. Either they are still stuck from way up there or liquidated.
Anyways, unless some dramatic event happens seems like dump will be staying for a while. Could have some pumps here and there due to short squeeze but not a real bull run.
$BTC is likely to dive to 62k. And even lower.. but that we will have to see when we get there.
There seems to be no benefit to buying any crypto at the moment, from an investor's perspective. Also, altcoins are quickly fading away as crypto becomes more mainstream.
With more public attention, especially from real financial experts, it seems altcoins possessing zero value are quickly being exposed.
It's honestly embarrassing that even after ETF approvals, the majority of crypto "traders" are still all in on shitcoins. Really makes the entire community look like a joke. No wonder why most non crypto investors think crypto is a joke and a scam. The top trending coins are some frog coin, dog coin, useless altcoins, etc...
We need to get rid of these shitcoins fast, especially meme coins. They are not even memes anymore, just a tool for speculation.
The community needs to support more projects that utilizes blockchain to real life applications. Stop making coins that just act as layers or some derivative of an already existing system. DeFi, DAO, Oracle, Web3.. Anything is Web3 if you try hard enough. 😆
One example that I mentioned before, $IO , is a good example of a practical coin. If you look at it, it actually does something. I hope the community pursues more of these constructive directions.
