🔔 ATTENTION TRADERS: COINS WILL BE REMOVED BY BINANCE ON NOVEMBER 6, 2024 ⌚
Binance will remove four types of cryptocurrencies on November 6, 2024. All traders are encouraged to sell or convert their assets to stablecoins to avoid losses. Below is the list of affected coins:
- UNFI (Unifi Protocol)
- A DeFi token on the Ethereum blockchain, recently down 40% after the removal announcement.
- OOKI (Ooki Protocol)
- Removed for failing to meet Binance's consumer protection standards.
- KP3R (Keep3rV1)
- This token will also be delisted from Binance on the specified date.
- IDRT (Rupiah Token)
- A stablecoin pegged to the Indonesian Rupiah, expected to be removed.
After November 6, these tokens will no longer be tradable on Binance, but withdrawals will remain available until February 6, 2025.

#MarketDownturn

According to Wu, Binance has announced that it will launch the DEGENUSDT perpetual contract at 11:30 (UTC) on November 15, 2024, with a maximum leverage of up to 75x. Binance has yet to launch a spot trading pair for it. According to Coingecko, Degen is a token on the Base chain, which was originally a reward token for participants in the Farcaster Degen channel. Originally just a meme coin, the token has now been purchased by many developers, crypto content creators, and fans. At launch, 15% of the total supply was airdropped to active members of the Degen channel on Farcaster, and it is expected to eventually airdrop 70% of the total supply.

As you can see, RSI divergence is quite clear in the 1M candle frame !!!
In the previous period, the price decreased sharply, this time there is another divergence, is it expected to be a fairly deep decrease?
And those who often watch the news know that every time VTV posts news about something, it will decrease slightly?
The press and media are spreading information about BTC reaching its peak, many newbies are entering, the greed ratio is exceeding the limit, people are competing to FOMO, will the sharks continue to push it or not?
In my personal opinion, this is a quite dangerous price for you to buy, when everyone is greedy is when we should be afraid, holders should remember this sentence!!!!!
If we predict a little before BTC collapses deeply, it is likely that it will still reach 95k, guys!!!!!
This is my personal opinion, not investment advice
What do you think the trend will be in the coming time????

The coming years look promising for $BTC as we approach the halving event in 2024. Historically, Bitcoin halving events have typically led to significant price increases. Some analysts predict that Bitcoin could hit $100,000 or even higher by 2024-2025, thanks to growing institutional adoption and concerns about global inflation. However, volatility remains part of Bitcoin’s nature, and while these price predictions are optimistic, investors should pay attention to market dynamics. Overall, Bitcoin’s limited supply and growing acceptance in society suggest strong upside potential, although short-term corrections are always possible.

Has anyone ever gone through or thought that after an uptrend, their friends took home their profits while they ended up losing? That is a feeling of both regret and pressure. I have been there too, watching the profits I had earned slip away, just because I was obsessed with the feeling of taking profits daily and buying recklessly, getting caught up in the market. One important thing to remember is to think that you are skilled. Winning too much leads to complacency, always thinking that you are good, but the market always knows how to remind you that no one can be right all the time. Sometimes, controlling your ego and knowing how to listen is the hardest part. A mentor is someone who guides you to the peak, but gaining or losing depends on how you follow the mentor.

The existence of Bitcoin ($BTC) over the past decade has been marked by significant resilience. Despite price volatility, regulatory uncertainty, and technological challenges, $BTC remains the leading cryptocurrency.

Key factors contributing to resilience:

1. Decentralized architecture
2. Strong community support
3. Improving infrastructure

Implications:

- Increased adoption
- Growing institutional investment
- Enhanced store of value

Outlook:

- Short term: Price volatility
- Long term: Ongoing growth and widespread acceptance
#MarketDownturn #MarketDownturn

Ethereum has just reached its highest level of the year, creating new optimism in the market community. Many expect a new bullish trend may be forming. However, analyzing future market sentiment can provide insights into short-term volatility.

The funding rate for ETH futures has recently remained positive, indicating optimistic sentiment. As Ethereum surpasses the $3K threshold, optimism surges, similar to the price increase in March 2024. However, high funding rates can be a warning sign of an overheated market.

In the current context, with high funding rates, the risks of volatility and corrections increase. An overheated market could lead to rapid sell-offs if liquidations occur. Investors should carefully manage risk, anticipate short-term volatility, and prepare for potential fluctuations.

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on whether to approve spot Ethereum ETF options, stating that more analysis and public opinion are needed. This delay relates to the option proposals from Bitwise and Grayscale, and also considers whether the BlackRock iShares Ethereum Trust (ETHA) can list the options.

After Trump was elected, Bitcoin weakened somewhat, but the Federal Reserve's (Fed) interest rate cuts created a second wave of strength, continuing to boost Bitcoin.

This time, the Fed announced a 25 basis point rate cut, and while the Fed's rate cuts have strongly stimulated Bitcoin, it can also be seen that the trend of Bitcoin is not as strong, showing a noticeable slowdown.

In the near future, there are generally no significant positive signals expected, and Bitcoin's increase is projected to narrow or primarily remain flat.

cryptocurrencies, we can see Donald Trump's victory in the US presidential election could pave the way for a range of more diverse cryptocurrency financial products, according to Cointelegraph on November 7. Analyst Nansen, Edward Wilson stated that the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first committed Ether ETF fund. Wilson said: “With the regulatory environment likely favorable to cryptocurrencies, we could see the first committed Ether ETF fund approved early in this new administration's term, which would leverage the strengths of ETH as an asset. If this happens, then ETH will be an interesting asset to watch.”

ae short btc how is it going