Today, I’m beyond thrilled to share that I’ve finally received the Creator of the Year Award from Binance! l it’s been filled with relentless hard work, and unshakeable patience. And now, to see Binance recognize my dedication to content creation—it feels absolutely priceless.
I can’t fully put into words just how much this means to me. This achievement wouldn’t have been possible without all of you. Your support, and belief in my work have fueled me every step of the way. Thank you, from the bottom of my heart.
And thank you, #BinanceSquareFamily , for recognizing and celebrating creativity and dedication in this space. Here’s to many more milestones ahead!
Today, data on inflation in the US was released, which amounted to 2.7% in annual terms. Compared to the previous month, the indicator increased by 0.1% - in October, inflation was 2.6%.
There is a serious decline in the market, many altcoins have fallen by 15-30% since the opening of the week, which in fact does NOT mean a change in trend, but only indicates a correction, liquidity collection and intimidation before continuing growth.
😨 $1.8 billion was liquidated from the market over the past 24 hours, 90% of which was in long positions in altcoins.
What to do next? 🤔
1️⃣ There are good opportunities for purchases now. We can already see which coins are performing better than others, growing more actively and are in demand - they can be picked up first of all on the current decline for medium-term speculation.
2️⃣ Waiting for a full rebound and continued growth is only worth opening futures transactions. For spot purchases, it is better to use current opportunities, but taking into account that the market may fall a little
What marks can BTC reach in 2025, or more precisely in the current upward market phase?
The BPT indicator tracks the Bitcoin price "temperature" - it is a measure of the distance between the current Bitcoin price and its 4-year moving average.
❗️ The current BPT indicator readings are 3.2 degrees. Given that 6-8 degrees are critical marks for the market, indicating the end of the upward movement.
⚠️ 6-8 degrees, where the 4-year moving average passes , is the ~178K mark, where #Bitcoin❗ should potentially reach in 2025. But only if the current demand on the spot market continues.