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⚠️ Arbitrum (ARB) Price Breakout Above $1 May Not Last Arbitrum’s (ARB) price is trading above the critical resistance level of $1.17, but this breakout might not be sustained. The reason is most likely that potential profit is occurring at the hands of ARB holders, given the surge in profits. 🔸 Arbitrum Investors Appear Keen to Sell Arbitrum’s price could be noted to have a drawdown owing to the increasingly bearish cues from ARB holders. Their sentiment suggests that selling is the likely outcome, as substantiated by the Market Value to Realized Value (MVRV) ratio. The MVRV ratio assesses investor profit or loss. Arbitrum’s 30-day MVRV sits at 20%, signaling profits, potentially prompting selling. Historically, ARB corrections occur within the 7% to 24% MVRV range, labeling it a danger zone. Further cementing this outlook is the fact that investors are realizing profits. As ARB rallied over the past week, rising by 20%, it also brought the first bout of gains noted in almost a month. Realized losses turned into realized profits across the network and will likely continue rising. This is only possible via selling, and ARB investors could opt to secure their gains before another dip occurs. 🔸 ARB Price Prediction: Bearish Indicators Dominate Arbitrum’s price breached through the month-long resistance of $1.17, and the altcoin is currently changing hands at $1.18. But despite this breakout, the cryptocurrency will likely face a decline due to the presence of intense bearish cues. The Ichimoku Cloud is one such indicator that suggests the market is still bearish. It is a comprehensive technical analysis indicator that provides insights into support, resistance, trend direction, and momentum. As long as the cloud is red, it suggests a positive outcome is unlikely, and this could also be the case with ARB. However, a bounce off the support at $1.17 could initiate a recovery towards $1.30. If the rise can be sustained, this might also invalidate the bearish thesis. $ARB #ARB #Arbitrum

⚡️ Ethereum Solution ETF Coming Very Soon The cryptocurrency market froze in anticipation of a decision on the Ethereum ETF. SEC Commissioner Gary Gensler today declined to announce the SEC's decision and advised "stay tuned." 💬 “I don’t have anything on this particular document,” Gensler said before an Investment Company Institute event in Washington. 💬 SEC Chair Gary Gensler said to "stay tuned" when asked what the agency might do with spot ether ETF applications. The SEC faces a final deadline for a decision on at least one application today. 🔽 Meanwhile, Symbolic Capital Partner sold 6,968 ETH worth $27.4 million in a minute, causing the price of ETH to drop by 5%. Let's hope that the sales are not related to the upcoming decision and continue to closely monitor the news. $ETH #ETH #Ethereum #ETF

Coin : DOGE / USDT - SHORT SIGNAL 📉 Time Interval: 1h 🕗 Price : $0.15872 ------------- Based on the technical indicators for DOGEUSDT on the 1-hour timeframe, I recommend selling. The SMAs and EMAs are in a downtrend, indicating bearish momentum. Additionally, the RSI is low at 33.23, suggesting the potential for further downside. 🟢 Take Profit: $0.15000 🔴 Stop Loss: $0.16500 It is advisable to closely monitor the price action and consider exiting the position if there is a strong bullish reversal signal, as the market conditions can change quickly. $DOGE #DOGE #signaladvisor

🚀 Shibarium Nears Major Record: What’s Next for SHIB Price? ● Shibarium’s daily transaction count surged 209%, from 6,000 to 18,560 within a week. ● Shibarium aims to break the record of 420 million total transactions, currently at 417 million. ● SHIB price fluctuates in a symmetrical triangle pattern, indicating equilibrium in market demand and supply. Shibarium, Shiba Inu’s layer-2 solution, is nearing a significant milestone as daily transactions surged by 209%. According to Shibariumscan, the daily transaction count jumped from 6,000 on May 14 to 18,560 on May 20. This spike in activity follows the implementation of the Shibarium hard fork on the mainnet, marking a pivotal moment for the Ethereum L2 protocol. With this surge, Shibarium aims to break the record of 420 million total transactions. Currently, the total transaction count stands at 417,525,512. Although it is uncertain when this record will be achieved, the recent growth indicates Shibarium is on the right track. Meanwhile, Shiba Inu (SHIB) has been fluctuating within a symmetrical triangle pattern. This pattern suggests an equilibrium in market demand and supply at current prices. Buyers are currently attempting to push the price beyond the descending resistance line. At the time of writing, SHIB is priced at $0.000025, marking a slight decline of over 1%. Bullish traders are targeting a move above $0.000030. A successful breakout above this downtrend line could weaken bearish forces and potentially drive the price to $0.000035, where significant resistance is anticipated. Looking ahead, the future of Shiba Inu in the crypto industry appears promising. As Shibarium continues to grow and break records, it strengthens Shiba Inu’s position in the market. With ongoing developments and increased adoption, Shiba Inu is well-positioned for sustained growth and innovation. $SHIB #SHIB #Shibainu

⚡️ Bitcoin ETF: Record $305M Inflows, BlackRock’s BIT Leads 🔸 Bitcoin ETFs are holding ground, the Stock Market shivers Although only 5 months and 13 days old, U.S. spot Exchange Traded Funds (ETFs) on bitcoin orchestrated a memorable performance last Tuesday, attracting a massive influx of 305.7 million dollars. It was a seventh consecutive day of positive flows, a true festival of greenbacks! Among the players in this financial ballet, Blackrock’s IBIT shone brightly, capturing alone 94.86% of the total inflows. Yes, you read that right, 94.86%! That represents a small fortune of 280 million dollars. Meanwhile, Fidelity’s FBTC had to settle for crumbs, still bringing in nearly 26 million dollars. The other spot bitcoin ETFs, for their part, were left frozen, with neither inflows nor outflows, like forgotten dancers on the side of the stage. Behind the scenes, Blackrock’s IBIT now holds 281,883.90 BTC, closely rivaling Grayscale’s Bitcoin Trust, which possesses 289,511.90. A titanic battle is brewing, as IBIT needs just 7,628 BTC, a trifle of 536 million dollars, to match its rival. Currently, only GBTC, IBIT, and FBTC can boast owning more than 100,000 BTC each. With 159,548.77 BTC in hand, FBTC is worth a tidy sum of 11.21 billion dollars. 🔸 Blackrock’s IBIT: An Uncontested Leader Thunderstrike in the genteel world of finance! Blackrock’s IBIT, a spot bitcoin ETF, has just taken center stage with 414 institutional investors under its belt, reports Bitcoin.com. The latest filings with the SEC reveal that this fund is attracting the big fish, a real boon for bitcoin. Eric Balchunas, senior analyst at Bloomberg, didn’t mince words, calling this performance “stunning”. For him, gathering 20 holders for a freshly launched ETF is already an achievement, so 414 (among the 1,500 reported in 3 months)… it’s science fiction! No other bitcoin ETF launched in January has generated as much enthusiasm. In comparison, the Bitwise Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), and the ARK 21shares Bitcoin ETF struggle to keep pace. $BTC #BTC #ETF

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