BewareOfScamsOnBinanceSquare
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Bullish
Binance Dominates Market as Stablecoin Inflows Climb
As the market heats up, Binance's dominance grows. Recent reports say the crypto exchange has seen a rise in stablecoins and liquidity.
A recent CryptoQuant investigation found that Binance owns 67% of all stablecoin reserves on exchanges. Thus, it is the most liquid exchange. It has the greatest influence on cryptocurrency flows.
Stablecoin inflows on Binance have exceeded $22 billion in 2024. That makes it the top crypto demand driver this year. Binance has also increased transaction activity, which could boost income.
Recent Binance smart chain network activities
DeFiLlama reported a large Binance Smart Chain (BSC) stablecoin marketcap in 2024. The year's lowest stablecoin marketcap was $32.71 million on January 21.
The BSC stablecoin marketcap increased dramatically in the last three months. From $5.01 billion in November to $6.60 billion on December 13, it rose. Note that this largely reflected network liquidity, not exchange liquidity.
The Q4 BSC volumes have also increased significantly. Volume reached $2.43 billion in the previous 24 hours, the second time this month.
Volume was much below 2021 bull market top levels despite the current spike. From 3 million daily transactions in September to over 5 million, transaction count increased.
BNB price recap
Given its optimistic nature, BNB may have profited greatly from 2024's bullish action. Short-term, BNB started the week on a bearish leg, falling sharply from its previous ATH.
Price dropped to $642 during the decline. After a pullback inside a crucial Fibonacci zone, the price surged again over $700. The cryptocurrency was worth $723.91 at press time.
Price dreams of breaking $800 were shattered by the retracement. The altcoin's second-half comeback showed it may yet rise over that objective by the end of the month.
#Binance #BinanceLaunchpoolVANA #BinanceListsVelodrome #MarketMajorComeback #BTCReclaims101K $BTC $SOL $BNB
As the market heats up, Binance's dominance grows. Recent reports say the crypto exchange has seen a rise in stablecoins and liquidity.
A recent CryptoQuant investigation found that Binance owns 67% of all stablecoin reserves on exchanges. Thus, it is the most liquid exchange. It has the greatest influence on cryptocurrency flows.
Stablecoin inflows on Binance have exceeded $22 billion in 2024. That makes it the top crypto demand driver this year. Binance has also increased transaction activity, which could boost income.
Recent Binance smart chain network activities
DeFiLlama reported a large Binance Smart Chain (BSC) stablecoin marketcap in 2024. The year's lowest stablecoin marketcap was $32.71 million on January 21.
The BSC stablecoin marketcap increased dramatically in the last three months. From $5.01 billion in November to $6.60 billion on December 13, it rose. Note that this largely reflected network liquidity, not exchange liquidity.
The Q4 BSC volumes have also increased significantly. Volume reached $2.43 billion in the previous 24 hours, the second time this month.
Volume was much below 2021 bull market top levels despite the current spike. From 3 million daily transactions in September to over 5 million, transaction count increased.
BNB price recap
Given its optimistic nature, BNB may have profited greatly from 2024's bullish action. Short-term, BNB started the week on a bearish leg, falling sharply from its previous ATH.
Price dropped to $642 during the decline. After a pullback inside a crucial Fibonacci zone, the price surged again over $700. The cryptocurrency was worth $723.91 at press time.
Price dreams of breaking $800 were shattered by the retracement. The altcoin's second-half comeback showed it may yet rise over that objective by the end of the month.
#Binance #BinanceLaunchpoolVANA #BinanceListsVelodrome #MarketMajorComeback #BTCReclaims101K $BTC $SOL $BNB
See original
The worst strategy for analyzing Bitcoin (BTC) is to rely on **blind bets or “hot tips” without solid fundamentals**. This can include practices such as:
### 1. **Following “FOMO” (fear of missing out)** Entering the market just because the price is rising rapidly, without understanding the fundamentals or market movements, can lead to buying at the top and selling in panic.
### 2. **Ignoring technical and fundamental analysis** Making trades or investments without studying charts, volumes, trends or the fundamentals behind Bitcoin and market conditions is highly risky.
### 3. **Relying solely on influencer predictions** Basing financial decisions solely on the opinions of third parties, such as influencers or forums, without validating the information or assessing the risks.
### 4. **Neglecting risk management**
Not setting stop-loss limits, leveraging too much, or investing everything in a single asset can lead to huge losses.
### 5. **Using only one technical indicator**
Blindly trusting only one indicator (such as RSI, MACD, or Bollinger Bands), without contextualizing the data with other factors, can lead to wrong decisions.
### 6. **Trading in volatile markets without a strategy**
Trying to "guess" movements in extremely volatile markets without a clear strategy or without respecting your risk tolerance can be disastrous.
### 7. **Ignoring the macroeconomic scenario**
BTC is highly influenced by factors such as monetary policy, interest rates, and regulation. Ignoring these factors can result in incomplete analysis.
Avoiding these practices and focusing on a well-founded analysis, with risk management and discipline, is crucial to making the right decisions in the BTC market. $BTC $ETH $SOL #BewareOfScamsOnBinanceSquare
### 1. **Following “FOMO” (fear of missing out)** Entering the market just because the price is rising rapidly, without understanding the fundamentals or market movements, can lead to buying at the top and selling in panic.
### 2. **Ignoring technical and fundamental analysis** Making trades or investments without studying charts, volumes, trends or the fundamentals behind Bitcoin and market conditions is highly risky.
### 3. **Relying solely on influencer predictions** Basing financial decisions solely on the opinions of third parties, such as influencers or forums, without validating the information or assessing the risks.
### 4. **Neglecting risk management**
Not setting stop-loss limits, leveraging too much, or investing everything in a single asset can lead to huge losses.
### 5. **Using only one technical indicator**
Blindly trusting only one indicator (such as RSI, MACD, or Bollinger Bands), without contextualizing the data with other factors, can lead to wrong decisions.
### 6. **Trading in volatile markets without a strategy**
Trying to "guess" movements in extremely volatile markets without a clear strategy or without respecting your risk tolerance can be disastrous.
### 7. **Ignoring the macroeconomic scenario**
BTC is highly influenced by factors such as monetary policy, interest rates, and regulation. Ignoring these factors can result in incomplete analysis.
Avoiding these practices and focusing on a well-founded analysis, with risk management and discipline, is crucial to making the right decisions in the BTC market. $BTC $ETH $SOL #BewareOfScamsOnBinanceSquare
See original
### Which Method is Best for Analyzing BTC Charts: Chart Pattern or SMC?
The cryptocurrency market, especially Bitcoin (BTC), is fast-moving and volatile, making it essential to choose an effective analytical approach to maximize your results. Two of the most popular methods among traders are **chart pattern analysis** and **Smart Money Concept (SMC)**. But which one is really the most effective for you? Let’s explore.
#### **Chart Pattern: Simplicity and Consistency**
Chart pattern analysis is a classic and widely used approach. It identifies well-known formations, such as triangles, head and shoulders, and flags, that indicate potential price movements.
Advantages:
1. **Accessible to everyone**: Even beginners can quickly understand and apply it.
2. **Applicable in any market**: Works well on stocks, forex, and cryptocurrencies.
3. **Visual clarity**: Provides an intuitive view of market conditions.
On the other hand, this simplicity can be limited in markets such as cryptocurrencies, which often feature institutional manipulations.
---
#### **SMC: Thinking Like the "Whales"**
The Smart Money Concept is a more advanced approach, based on the behavior of large players (institutions and whales). Instead of focusing on visual patterns, SMC analyzes market structure, liquidity, and areas of institutional interest, such as demand and supply zones.
Advantages:
1. **Deep insights**: Allows you to identify institutional manipulations and movements.
2. **High accuracy**: Helps locate strategic entries and exits.
3. **Adaptation to the crypto market**: Ideal for understanding BTC behavior, where large movements are often led by whales.
The biggest barrier to SMC is its complexity, requiring time and dedication to fully master its concepts.
---
$BTC $ETH $SOL #BewareOfScamsOnBinanceSquare
The cryptocurrency market, especially Bitcoin (BTC), is fast-moving and volatile, making it essential to choose an effective analytical approach to maximize your results. Two of the most popular methods among traders are **chart pattern analysis** and **Smart Money Concept (SMC)**. But which one is really the most effective for you? Let’s explore.
#### **Chart Pattern: Simplicity and Consistency**
Chart pattern analysis is a classic and widely used approach. It identifies well-known formations, such as triangles, head and shoulders, and flags, that indicate potential price movements.
Advantages:
1. **Accessible to everyone**: Even beginners can quickly understand and apply it.
2. **Applicable in any market**: Works well on stocks, forex, and cryptocurrencies.
3. **Visual clarity**: Provides an intuitive view of market conditions.
On the other hand, this simplicity can be limited in markets such as cryptocurrencies, which often feature institutional manipulations.
---
#### **SMC: Thinking Like the "Whales"**
The Smart Money Concept is a more advanced approach, based on the behavior of large players (institutions and whales). Instead of focusing on visual patterns, SMC analyzes market structure, liquidity, and areas of institutional interest, such as demand and supply zones.
Advantages:
1. **Deep insights**: Allows you to identify institutional manipulations and movements.
2. **High accuracy**: Helps locate strategic entries and exits.
3. **Adaptation to the crypto market**: Ideal for understanding BTC behavior, where large movements are often led by whales.
The biggest barrier to SMC is its complexity, requiring time and dedication to fully master its concepts.
---
$BTC $ETH $SOL #BewareOfScamsOnBinanceSquare