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Assalafyy23
@Assalafyy23
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Bullish
$AI #AIUSDT broke out of the Falling Wedge🧐 Bullish📈 #Binance #AI #Crypto #cryptocurrency
$AI

#AIUSDT broke out of the Falling Wedge🧐
Bullish📈

#Binance #AI #Crypto #cryptocurrency
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Bullish
$BTC General $BTC market outlook update: Supply distribution has started. Here's what I'm looking at and how it compares to previous cycles, and what might come next: First off, the biggest story is obviously the ETFs. $IBIT has been the most succesful ETF launch in history by a wide variety of metrics, and just looking at BlackRock + Fidelity alone, they've bought 284k BTC since launch, greater than 1% of total #bitcoin supply that will ever exist. On a net basis, including $GBTC outflows, ETFs have hoovered up ~160k BTC since launch in early January. Just massive numbers. Demand has surpassed most all initial expectations, with increasing strength into the rally ($788m of inflows from $IBIT alone yesterday amidst a -8% close from ATHs). While the bitcoin market has boomed post ETFs, nothing exists in a vacuum. For those that have been following since before the ETF, it was clear the ground work for this rally was laid over the past couple years of bear market purgatory. Various on-chain HODL metrics clearly showed all time levels of supply constraint. From the most simple to understand (i.e. '% of supply last moved in N+ years' most all hitting all time highs) or more advanced quantifications of HODL strength using the UTXO set, despite the +100% bounce from 2022 lows, net accumulation was on-going for much of 2023. However, as is tradition with the ever-cyclical $BTC market, with the rise to new heights comes the distribution of coins to new entrants from the old guard. This can clearly be seen by the change in long-term holders over the recent months. For those interested in a deeper dive on the quantification of LTHs, you can take a deeper dive here: insights.glassnode.com/quantifying-bi
 However, at this stage, I'd say its far from worrisome, nor by any means a red alert for bulls. New distribution (on a 30d change basis) began to occur at ~$1k in 2017 and ~$13k in 2020 during the run up to new highs, and started in early January this time around. Here's a visual of the distribution that has begun to occur. #BitwiseBitcoinETF
$BTC General $BTC market outlook update:

Supply distribution has started. Here's what I'm looking at and how it compares to previous cycles, and what might come next:

First off, the biggest story is obviously the ETFs. $IBIT has been the most succesful ETF launch in history by a wide variety of metrics, and just looking at BlackRock + Fidelity alone, they've bought 284k BTC since launch, greater than 1% of total #bitcoin supply that will ever exist.

On a net basis, including $GBTC outflows, ETFs have hoovered up ~160k BTC since launch in early January. Just massive numbers. Demand has surpassed most all initial expectations, with increasing strength into the rally ($788m of inflows from $IBIT alone yesterday amidst a -8% close from ATHs). While the bitcoin market has boomed post ETFs, nothing exists in a vacuum.

For those that have been following since before the ETF, it was clear the ground work for this rally was laid over the past couple years of bear market purgatory.

Various on-chain HODL metrics clearly showed all time levels of supply constraint. From the most simple to understand (i.e. '% of supply last moved in N+ years' most all hitting all time highs) or more advanced quantifications of HODL strength using the UTXO set, despite the +100% bounce from 2022 lows, net accumulation was on-going for much of 2023.

However, as is tradition with the ever-cyclical $BTC market, with the rise to new heights comes the distribution of coins to new entrants from the old guard.

This can clearly be seen by the change in long-term holders over the recent months. For those interested in a deeper dive on the quantification of LTHs, you can take a deeper dive here: insights.glassnode.com/quantifying-bi


However, at this stage, I'd say its far from worrisome, nor by any means a red alert for bulls. New distribution (on a 30d change basis) began to occur at ~$1k in 2017 and ~$13k in 2020 during the run up to new highs, and started in early January this time around.

Here's a visual of the distribution that has begun to occur.
#BitwiseBitcoinETF
🥳🥳
🥳🥳
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Bearish
$ACT go down please
$ACT go down please
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Bullish
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Bullish
Running out of patience with this low cap coins ? Who said HODL will be easy 
 hang in there Alien World looks good $TLM #TLM
Running out of patience with this low cap coins ?
Who said HODL will be easy 
 hang in there
Alien World looks good $TLM
#TLM
See original
Happy 7th birthday @Binance @Binance_Indonesian Congratulations on this achievement! Innovation and dedication to the crypto community is truly inspiring, always successful and prosperous in the future 🚀🚀🚀 May binance be prosperous and lucky in various aspects 🔥🔥🔥 #Menuju7TahunBinance
Happy 7th birthday @Binance @Binance Indonesian
Congratulations on this achievement!
Innovation and dedication to the crypto community is truly inspiring, always successful and prosperous in the future 🚀🚀🚀

May binance be prosperous and lucky in various aspects 🔥🔥🔥
#Menuju7TahunBinance
#
#
Binance Indonesian
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Weekly Content Challenge - July Edition: Shared Prize 650 USDT
Join the July Edition “Weekly Content Challenge” campaign and win a total prize of 650 FDUSD every week! This special edition, the first winner of the content will get 1 Special 7YA Binance SWAG package.
Be active on Binance Square by posting articles on predetermined topics and win prizes totaling 650 FDUSD every week. Before creating content, it is important to do your own research when deciding on an investment, and emphasize the need to store crypto in a secure wallet.
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Bullish
$BLUR let’s go pump it 🌗🌗
$BLUR let’s go pump it 🌗🌗
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Bullish
See original
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Bullish
$AEVO When pump
$AEVO When pump
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Bullish
$ENA pump it 🚀🚀🚀
$ENA pump it 🚀🚀🚀
Why Are Altcoins Dumping?   In the past 24 hours, several large caps have dumped 15%–20% despite BTC's 3% corrections.   Here are some reasons behind the alts flash crash 👇   1) No narrative   In Q1, memecoins pumped because of presale hype.   In Q2, RWA coins pumped because of BlackRock.    But right now, there's no such narrative that is bringing new liquidity.    2) $ETH ETF trading delay   Despite the ETH ETF getting approved a month ago, trading hasn't even started yet.   It could take another 3 weeks before the trading starts, which has caused the sentiment to shift from alts.   Remember, alts big rally always starts with ETH, so until and unless ETH makes a new ATH, Altseason won't start.   3) Too much greed   Celebrities are launching their memecoins.    Celebrities are posting their Solana tattoo images.    Retailers are posting their million dollar memecoin P&L screenshots.    All these are signs of greed, which has always resulted in a crash.   When will the market recover?   Alts recovery is now mostly dependent on ETH.   If the ETH ETF is able to bring in good inflows, just like $BTC , the next altseason will start.   This could even lead to institutions applying for other altcoins, which will set the next big narrative.   Until then, most alts are in completely oversold territory, and historically, buying fear has always yielded great returns. #Binance #Web3 #bitcoin #Ethereum #CZ
Why Are Altcoins Dumping?
 
In the past 24 hours, several large caps
have dumped 15%–20% despite BTC's
3% corrections.
 
Here are some reasons behind the alts
flash crash 👇
 
1) No narrative
 
In Q1, memecoins pumped because of presale hype.
 
In Q2, RWA coins pumped because of BlackRock. 
 
But right now, there's no such narrative that is bringing new liquidity. 
 
2) $ETH ETF trading delay
 
Despite the ETH ETF getting approved a month ago, trading hasn't even started yet.
 
It could take another 3 weeks before the trading starts, which has caused the sentiment to shift from alts.
 
Remember, alts big rally always starts with ETH, so until and unless ETH makes a new ATH, Altseason won't start.
 
3) Too much greed
 
Celebrities are launching their memecoins. 
 
Celebrities are posting their Solana tattoo images. 
 
Retailers are posting their million dollar memecoin P&L screenshots. 
 
All these are signs of greed, which has always resulted in a crash.
 
When will the market recover?
 
Alts recovery is now mostly dependent on ETH.
 
If the ETH ETF is able to bring in good inflows, just like $BTC , the next altseason will start.
 
This could even lead to institutions applying for other altcoins, which will set the next big narrative.
 
Until then, most alts are in completely oversold territory, and historically, buying fear has always yielded great returns.

#Binance #Web3 #bitcoin #Ethereum #CZ
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Bullish
$AI Pump it
$AI Pump it
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