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The Cryptonomist
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Bitcoin Price Struggling: Is Another Crash Coming?
During the last week, the price of Bitcoin underwent a violent downward correction, losing about 15% from the all-time highs at 108,000 dollars.

After the last few months of “up only,” the cryptocurrency encounters its first major red obstacle on the chart, enough to change the outlook in the short term.

The analysts wonder if Bitcoin will now manage to start rising again or if it will face a new crash below 90,000 dollars.

All the details below.

Bitcoin faces a 15% price drop: is it the end of the bull market?

After an 80% growth in the last 3 months, Bitcoin experiences a significant price drop, losing the psychological threshold of 100,000 dollars.

The cryptocurrency had reached a new all-time high on Tuesday, December 17, but was then pushed back by the downward pressure from the bears.

In just one week Bitcoin lost 15% of its value, testing the support at 92,000 dollars, and then bouncing back to the current level of 95,000 dollars.

The main cause of this decline seems to be the recent announcement by Jerome Powell, who in the latest FOMC spoke about the shift to a more restrictive monetary approach.

The head of the Federal Reserve explicitly stated that there is a possibility that in 2025 there will be only 2 federal rate cuts, compared to the previous plan of 4 cuts.

This has negatively impacted all financial markets, creating a climate of uncertainty about the future direction of the price of Bitcoin.

The impact on the markets was so violent that on some exchanges, such as Coinbase, large price discrepancies were recorded compared to other exchanges.

Now if Bitcoin fails to stabilize above the current levels, it risks losing even the last local low of 92,000 dollars.

This would contribute to slowing down the expansion phase of the bull market, jeopardizing the potential upcoming bullish months. 

In any case, some analysts believe that this bear market may represent a necessary and healthy correction for the market.

Investors might now regain confidence and enter the market at more advantageous prices, fueling the possibility of another more lasting bull.

Analysis of liquidations and data on derivatives

The recent crash in the price of Bitcoin was accompanied by strong speculative activity by traders in the derivatives markets.

Between December 18 and 20, approximately 400 million dollars of long positions were liquidated, sweeping away the traders exposed to the bull market.

However, the drop was not as impactful as the one observed on December 5, when almost half a billion dollars were liquidated in a single day.

Source: https://www.coinglass.com/currencies/BTC

Very interesting to observe how the funding rate has not experienced particular jolts, remaining between 0.01% and 0.007%.

This means that in recent days there has not been such a high demand for leverage, and that the collapse of the price of Bitcoin was not triggered by an excess of the bull market.

Rather, it appears evident that a large number of investors have preferred to take profit and exit the cryptocurrency, in a moment of uncertainty for the financial markets.

This is demonstrated by the sharp decline in the open interest, which in just one week saw 4 billion dollars in positions on Bitcoin lost.

This is the first major drop in interest in derivatives since Trump’s elections, and more generally the first major decline in Q4 2024.

In any case, there remain 30 billion dollars of open positions, about double compared to what was recorded at the bull of March, and about triple compared to a year ago.

This suggests that investors are still convinced that the price of Bitcoin can bring more moments of joy, continuing its phase of bull market.

Source: https://coinalyze.net/bitcoin/open-interest/

What to expect now from the price of Bitcoin: recovery or new leg down

Bitcoin is now in a clear phase of stalemate, with the price of the cryptocurrency struggling to find a situation of equilibrium.

At the moment, the quotations are slightly above the EMA 50 on the daily time frame, from which a new bull stimulus could start in the coming days.

In general, from here up to 90,000 dollars, the bull could make themselves heard and absorb a new wave of potential downward pressure from the bear.

On the other hand, it is not excluded that in the coming weeks another phase of correction may occur, which could further lower the price of Bitcoin.

To fuel this hypothesis, there is a divergence on the RSI indicator, which suggests an exhaustion of the bullish strength that has characterized the past few weeks.

In such a complex and volatile scenario, it is necessary to identify the most important price levels to keep an eye on.

From a bull perspective, we can agree that a recovery to 100,000 dollars could in itself be enough to bring euphoria back to the market. However, the break of 103,000 dollars would be even more convincing and could trigger a new flow of capital.

From a bear perspective, we see the area between 90,000 and 92,000 dollars as a zone of strong interest, which, as previously mentioned, could be the last stronghold before a more violent correction.

Once this support is broken, the price of Bitcoin could aim directly for 80,000 dollars, without any particular counter-responses from the demand.

Below this level, new scenarios would open up, which could risk putting an end to the much-loved bull market.

In any case, so far the situation is still under control, with the macro trend remaining bullish, leaving hope for a new leg up by the end of the year.
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Enjoy your life
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Remember: When retail is panic selling whales are buying.
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Asifdahri
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assalamalaikum bro I start the journey 30 day ago 200 dollar I get your 1 trade always that make sl hit and agin I am covering my loss never share the profit check my account. 😭
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Muhammad Uzair Zubairi
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What do you think guys about this coin? I was invested a lot of $ in it 3 months ago and now it gives me a lot of profit but I am thinking that this coin can give me more profit, Can anyone tell me when it’s going to list on Binance exchange?
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Faizy Leo
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Bullish
i will upload analysis .
but keep in mind not your financial advisor
do ur own research
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Noob to pro trader
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THIS IS YOUR LAST CHANCE! (READ THIS IMPORTANT INFORMATION)

If you haven't understood this by now, you will never be profitable! Don't miss out on this opportunity! You may feel like you've missed out on a lot of opportunities. But in the cryptocurrency market, this opportunity is different! This is a fantastic chance to enter a token at its bottom. However, you should never pass up this one chance, which will be your biggest to date.

The first step in taking advantage of this opportunity is to relax and take a moment to breathe. Is the price of a token about to drop? Remain calm, wait for the next event to occur, and don't react immediately. This is the real opportunity. This is a fantastic chance to let your imagination run wild and watch how the market develops. The major players are acting in this way. They watch, test the price of a token, and then do it again. They don't put out their best effort right away. Instead, they will do everything to prevent themselves from acting rashly.

THIS IS YOUR LAST CHANCE! Don't miss out on this opportunity!
#BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve #USJoblessClaimsFall
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Dr pardeep
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market will still remain bearish for some week .
today it is retesting the previus supply zone .
But over all market is down .
it can face a hug correction may be at approx 60k.
and again give you oppertunity to enter into market .
but for this time keep your funds outside the market .
have a good journey
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kayinma
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What’s your take on dogs? Bullish or bearish? Why do some people have something in day 10 while others like me don’t? #dogs #BTCNextMove #BinanceAlphaAlert #MarketCorrectionBuyOrHODL?
Still holding?
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bobgodwinx
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A bullish engulfing candle is a significant pattern in technical analysis that signals a potential reversal of a downtrend and the beginning of an uptrend.
For some reason this candle is not convincing me and I don't know why.. I feel like it was artificial as if someone front-ran every other person at 92,200
The bottom targets were 90k - 85k so someone with huge guns just stood in front and fired until the price when up. So I am certain that there must be retest. $BTC

There is no 120k without a full bus. Bitcoin must carry everyone in the bus.
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Albertvicky
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I hope you guys are doing good

I have received my $EIGEN & $DEXE tokens




If you haven’t please go to learn&earn section and complete the quiz

If you need the answer please let me know in the comments section.. Have a great weekend

#Learn&Earn
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Trimmy7
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Bullish
#MarketPullback
📊 On December 20th, the U.S. spot Bitcoin ETF saw a net outflow of $57.4 million from GBTC, while Bitcoin (BTC) had a net inflow of $6.4 million. The spot Ethereum ETF experienced a net inflow of $7.5 million in ETHE and $8.1 million in Ethereum (ETH)
$BNB
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_SeVuRChips_
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when i bought it at 1.2900 passed at 1.3500 earning this small bag then greed or hope shall i call it if it goes to 1.4 it did up to earning 11$ but hype catch me up amd did not sell it at 1.4 lol what a game of trading day! then it goes up. lol i learned that those who holds longer will profit more compare to short traders. #USUAL U r UNUSUAL
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Immortal - Crypto Analyst
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Bearish
🚨🚨 Whale deposited all 2.69M $SNX ($6.06M) to Binance at a Big Loss 🔻 🔻

- Withdrew 2.505M $SNX at an average price of $2.892 (Cost: $7.245M)

- Deposited all 2.693M $SNX back to Binance at only $2.251 ($6.06M)
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Decilizer
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Bullish
$BAT maintains $0.17 support, aiming for $0.39 as increasing volumes reflect growing investor confidence. With Bitcoin’s bullish momentum as a backdrop, monitoring Bitcoin dominance is key to uncovering pivotal market signals that could influence $BAT’s trajectory and provide clarity on the timing of its next breakout.
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Binance Square Official
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The crypto market is experiencing a pullback after recent highs. Is this a chance to buy the dip or a signal to stay cautious?

Are you still bullish, or are you waiting for clearer market trends? Share your insights and strategies!

Create a post with #MarketPullback or the $BTC Coinpair to unlock a share of 5,000 USDC token vouchers and earn Binance points.

Don’t forget to Check-in at the Square task center for your participation to count. (Creator Center > Check-in)

[More campaign details here.](https://www.binance.com/en/square/post/17504782955194 )
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Moreoo
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Dexe Token (DEXE): Revolutionizing Decentralized Asset Management on Binance
Introduction
$DEXE
The Dexe Token (DEXE) is making waves in the decentralized finance (DeFi) ecosystem, offering innovative solutions for asset management and trading. Listed on Binance, one of the world's leading cryptocurrency exchanges, DEXE is uniquely positioned to empower users with a seamless, transparent, and efficient platform for managing their digital assets. This article delves into the key features, use cases, and potential of the Dexe Token within the Binance ecosystem.

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Overview of the Dexe Network

Dexe.network is a decentralized asset management protocol designed to bridge the gap between traditional investment management and blockchain technology. By leveraging smart contracts, Dexe offers a platform where users can replicate trading strategies, manage portfolios, and participate in decentralized investment funds. The Dexe Token (DEXE) is the native utility token of this ecosystem, facilitating governance, rewards, and other critical functionalities.

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Key Features of the Dexe Token

1. Decentralized Governance:
DEXE holders play an integral role in the governance of the Dexe.network ecosystem. Token holders can propose and vote on changes, ensuring the protocol remains decentralized and community-driven.

2. Portfolio Management:
Dexe allows users to copy successful traders' strategies through decentralized tools, enhancing portfolio diversification without relinquishing control over their funds.

3. Burn Mechanism:
A portion of DEXE tokens is burned regularly, reducing the circulating supply and potentially increasing the token's value over time. This deflationary mechanism aligns with the long-term interests of token holders.

4. Staking and Rewards:
Users can stake DEXE tokens to earn passive rewards, further incentivizing participation in the ecosystem.

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Integration with Binance

Being listed on Binance provides the Dexe Token with a significant advantage in terms of accessibility, liquidity, and credibility. Binance’s robust infrastructure ensures seamless trading of DEXE, while its global reach introduces the token to millions of potential investors. Additionally, Binance’s support for DEXE pairs with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) further enhances trading flexibility.

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Use Cases of the Dexe Token

Investment Strategy Replication:
Users can copy successful trading strategies directly from the Dexe.network platform, democratizing access to professional-grade asset management tools.

Decentralized Insurance:
Dexe offers insurance pools to mitigate risks associated with trading losses, creating a safer environment for investors.

Yield Farming:
DEXE tokens can be used for yield farming, allowing users to maximize returns on their digital assets within the DeFi ecosystem.

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Why DEXE Stands Out

The Dexe Token differentiates itself by focusing on decentralized asset management, a niche yet critical aspect of the DeFi space. Its commitment to transparency, security, and community engagement positions it as a leader in the evolving landscape of decentralized finance. Moreover, its integration with Binance enhances its accessibility and adoption potential.

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Future Prospects

As the DeFi sector continues to grow, the demand for secure, efficient, and decentralized asset management solutions is likely to rise. DEXE is well-poised to capitalize on this trend, with its robust ecosystem, strategic partnerships, and continuous innovation. Future developments may include expanded governance features, cross-chain capabilities, and enhanced portfolio management tools.

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Conclusion

The Dexe Token (DEXE) represents a significant step forward in decentralized asset management, combining the power of blockchain technology with innovative financial tools. Its presence on Binance further solidifies its position as a promising asset in the cryptocurrency space. As more users embrace decentralized finance, DEXE's utility and value are expected to grow, making it a compelling choice for both investors and DeFi enthusiasts.

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Mr_Crypto434
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Riding the Kaia Wave: Mini DApps Bring Big Change to LINE
Decentralized apps (dApps) are changing how we use the internet. Built on blockchain, they're super secure, transparent, and put you in charge. LINE, the messaging app we all love, is about to get even better by teaming up with @Kaia Chain
Imagine a world where LINE has tons of cool Mini DApps. These tiny but mighty apps will make your LINE experience amazing. Creators and developers will have a blast building them, and you'll get to enjoy a whole new level of fun and exciting features

Mini DApps: Turning LINE into a World of Possibilities
Imagine LINE becoming more than just a messaging app – it could be a whole world of exciting decentralized experiences! Here are some Mini Dapp ideas to get your imagination going:
Your Personal Wellness Guru: This Mini Dapp isn't just a fitness tracker. It's your AI-powered wellness coach! It creates personalized workouts, gives you smart nutrition tips, and even helps you take care of your mind. You can join fun challenges, earn rewards for staying healthy, and connect with a supportive community of like-minded people.
A Marketplace for Amazing Creators: Artists, musicians, and writers can showcase their work and sell it directly to you! This secure marketplace uses blockchain to ensure everyone gets paid fairly. You can discover unique creations, support talented individuals, and build your own collection of digital art, music, and more.
Learning Made Fun: This Mini Dapp turns learning into an exciting game! Take interactive courses, work on cool projects with others, and earn badges for your achievements. It makes education more accessible for everyone and encourages a love of lifelong learning within the LINE community.
Your Travel BFF: This Mini Dapp makes planning trips a breeze! Connect with accommodation providers, find the best transportation, and discover amazing local experiences. Book your travel securely using cryptocurrency and even connect with other travelers for social adventures.
A Community Where You Have a Say: This Mini Dapp empowers you to shape your community. Propose new ideas, vote on initiatives, and even earn rewards for your contributions. It gives you a sense of ownership and encourages everyone to actively participate.
These are just a few examples of how Mini DApps can transform your LINE experience, making it more personal, creative, and rewarding.

Mini DApps: A New Level of Experience on LINE
These tiny apps on LINE can offer some truly unique experiences beyond just their basic functions:
Made Just for You: Mini DApps can learn your likes and dislikes to give you a super personalized experience. Imagine news feeds, entertainment, shopping, and even learning tailored just for you!
Safe and Secure: Blockchain technology makes transactions super secure and transparent. No more worrying about fraud! You can trust that your digital life is safe and reliable.
Easy Peasy: Mini DApps are seamlessly integrated into LINE, so you can use them right away without any hassle. No need to download separate apps or go through complicated setups.
You're in Control: Mini DApps put you in charge of your data and digital assets. Blockchain technology helps you securely own and manage your digital identity and information.
These features make Mini DApps a truly exciting addition to the LINE experience, offering a new level of personalization, security, and user empowerment.

Connecting Creators and Developers on LINE
LINE can play a huge role in bringing creators and developers together to build amazing things! Here's how:
Creating a Hub for Collaboration: Mini DApps can be like a creative workshop where creators and developers can work together on projects, share ideas, and get feedback from the community. Imagine hackathons, mentorship programs, and dedicated spaces for brainstorming and collaboration.
Giving Developers the Tools They Need: LINE can provide developers with everything they need to build fantastic Mini DApps. This includes easy-to-use tools, helpful guides, and a supportive community to help them along the way.
Sharing the Success: LINE can create fair and transparent ways for creators and developers to share in the success of their Mini DApps. This could include revenue-sharing programs and rewards for their contributions to the platform.
Fostering a Spirit of Innovation: LINE can encourage creativity and innovation by organizing contests, hackathons, and other exciting events that showcase the power of Mini DApps. This will attract talented individuals to the LINE ecosystem and inspire everyone to push the boundaries of what's possible.
By taking these steps, LINE can create a thriving ecosystem where creators and developers can flourish and build incredible experiences for everyone.

By embracing the power of blockchain technology and fostering a collaborative environment for creators and developers, LINE can unlock a new wave of innovation and deliver unparalleled user experiences. As we #RideTheKaiaWave , the future of LINE looks bright, filled with the promise of exciting new possibilities and a more decentralized and user-centric digital world.
$KAIA
#RideTheKaiaWave #KaiaWave #KaiaChain #BinanceSquareFamily
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Mr_Crypto434
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Riding the Kaia Wave: Mini DApps Bring Big Change to LINE
Decentralized apps (dApps) are changing how we use the internet. Built on blockchain, they're super secure, transparent, and put you in charge. LINE, the messaging app we all love, is about to get even better by teaming up with @Kaia Chain
Imagine a world where LINE has tons of cool Mini DApps. These tiny but mighty apps will make your LINE experience amazing. Creators and developers will have a blast building them, and you'll get to enjoy a whole new level of fun and exciting features

Mini DApps: Turning LINE into a World of Possibilities
Imagine LINE becoming more than just a messaging app – it could be a whole world of exciting decentralized experiences! Here are some Mini Dapp ideas to get your imagination going:
Your Personal Wellness Guru: This Mini Dapp isn't just a fitness tracker. It's your AI-powered wellness coach! It creates personalized workouts, gives you smart nutrition tips, and even helps you take care of your mind. You can join fun challenges, earn rewards for staying healthy, and connect with a supportive community of like-minded people.
A Marketplace for Amazing Creators: Artists, musicians, and writers can showcase their work and sell it directly to you! This secure marketplace uses blockchain to ensure everyone gets paid fairly. You can discover unique creations, support talented individuals, and build your own collection of digital art, music, and more.
Learning Made Fun: This Mini Dapp turns learning into an exciting game! Take interactive courses, work on cool projects with others, and earn badges for your achievements. It makes education more accessible for everyone and encourages a love of lifelong learning within the LINE community.
Your Travel BFF: This Mini Dapp makes planning trips a breeze! Connect with accommodation providers, find the best transportation, and discover amazing local experiences. Book your travel securely using cryptocurrency and even connect with other travelers for social adventures.
A Community Where You Have a Say: This Mini Dapp empowers you to shape your community. Propose new ideas, vote on initiatives, and even earn rewards for your contributions. It gives you a sense of ownership and encourages everyone to actively participate.
These are just a few examples of how Mini DApps can transform your LINE experience, making it more personal, creative, and rewarding.

Mini DApps: A New Level of Experience on LINE
These tiny apps on LINE can offer some truly unique experiences beyond just their basic functions:
Made Just for You: Mini DApps can learn your likes and dislikes to give you a super personalized experience. Imagine news feeds, entertainment, shopping, and even learning tailored just for you!
Safe and Secure: Blockchain technology makes transactions super secure and transparent. No more worrying about fraud! You can trust that your digital life is safe and reliable.
Easy Peasy: Mini DApps are seamlessly integrated into LINE, so you can use them right away without any hassle. No need to download separate apps or go through complicated setups.
You're in Control: Mini DApps put you in charge of your data and digital assets. Blockchain technology helps you securely own and manage your digital identity and information.
These features make Mini DApps a truly exciting addition to the LINE experience, offering a new level of personalization, security, and user empowerment.

Connecting Creators and Developers on LINE
LINE can play a huge role in bringing creators and developers together to build amazing things! Here's how:
Creating a Hub for Collaboration: Mini DApps can be like a creative workshop where creators and developers can work together on projects, share ideas, and get feedback from the community. Imagine hackathons, mentorship programs, and dedicated spaces for brainstorming and collaboration.
Giving Developers the Tools They Need: LINE can provide developers with everything they need to build fantastic Mini DApps. This includes easy-to-use tools, helpful guides, and a supportive community to help them along the way.
Sharing the Success: LINE can create fair and transparent ways for creators and developers to share in the success of their Mini DApps. This could include revenue-sharing programs and rewards for their contributions to the platform.
Fostering a Spirit of Innovation: LINE can encourage creativity and innovation by organizing contests, hackathons, and other exciting events that showcase the power of Mini DApps. This will attract talented individuals to the LINE ecosystem and inspire everyone to push the boundaries of what's possible.
By taking these steps, LINE can create a thriving ecosystem where creators and developers can flourish and build incredible experiences for everyone.

By embracing the power of blockchain technology and fostering a collaborative environment for creators and developers, LINE can unlock a new wave of innovation and deliver unparalleled user experiences. As we #RideTheKaiaWave , the future of LINE looks bright, filled with the promise of exciting new possibilities and a more decentralized and user-centric digital world.
$KAIA
#RideTheKaiaWave #KaiaWave #KaiaChain #BinanceSquareFamily
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