Checkmate, one of the important analysts of the cryptocurrency market, states that the Bitcoin (BTC) bull market is getting stronger. According to Checkmate, the Spent Output Profit Ratio (SOPR) for short-term investors (STH) signals a sustainable uptrend in Bitcoin. The SOPR indicator has been playing an important role in the Bitcoin market recently and stands out as a critical factor in determining investors' strategies.
Checkmate states that SOPR falls below the "1" level for a short time, and this is generally interpreted as a period when selling pressure decreases and the market gains strength. This indicates strong market fundamentals and is considered a positive indicator for potential future increases.
According to the analyst, Bitcoin's price is considered a reflection of global macroeconomic conditions. "Bitcoin is clearly an index of global events. Its price and investors' reactions are recorded in a constant manner on the Bitcoin ledger with each block," says Checkmate. This shows that Bitcoin is not just a digital asset, but also a financial instrument that is sensitive to worldwide economic and political events.
The on-chain data contained in Bitcoin is considered one of the most powerful sources of market information. Checkmate emphasizes that analyzing this data provides significant advantages to investors. On-chain data helps investors better understand market trends, liquidity and investor behavior, which enables more accurate and strategic investment decisions.
Checkmate also evaluates altcoin projects and warns that many altcoins may disappear due to lack of utility. According to the analyst, "We are at a point in this game where the altcoin offerings are truly terrible and demand is negligible. The uptrend of your coins is far from guaranteed." He uses expressions like.
In conclusion, Checkmate's analysis reveals that the Bitcoin bull market is gaining strength and indicators such as SOPR support this situation. Bitcoin's sensitivity to global macroeconomic conditions poses both an opportunity and a risk for investors. However, accurate analysis of on-chain data can help manage these risks and evaluate potential opportunities. Understanding the dynamics of the Bitcoin market and key indicators stands out as a critical factor that increases investors' chances of success.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.