🟠 Bitcoin’s price on EVERY June 5th 🗓 | TopCryptoNews on Binance Square

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🟠 Bitcoin’s price on EVERY June 5th 🗓

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📊 Will Terra Classic Price Lose $0.00006 Support Amid Market Sell-off? #LUNC completes a bearish descending triangle pattern, falling 73.6% since March to $0.0000673. Despite intense selling pressure and significant liquidations, buyers defend lower price levels, aiming for a breakout from the resistance trendline to regain control. The supply pressure in the cryptocurrency market intensified this week following the Bitcoin correction. Amid the liquidation from the Mt. Gox exchange and the German government, the BTC price to a 4-month low of $53550. As bearish momentum spread to the altcoin market, the Terra Classis Price dropped below 7-month support, to bolster further downfall. An analysis of the daily time frame shows the Terra classic completion of a bearish continuation pattern called a descending triangle. In theory, the technical setup is often spotted in an established downtrend and lower high formation indicates the bearish momentum accumulating for prolonged correction. Under the influence of the pattern’s declining trendline, the LUNC coin entered its current correction in early March as the price reverted from $0.00025. The bearish turnaround tumbled the asset 73.6% down to currently trade at $0.0000673, while the market cap fell to $368.7 Billion. Amid this downfall, the Terra Classic coin recently dropped below the 7-month neckline to provide sellers with another resistance to restrict price recovery. As per the data from Coinglass, the LUNC’s long position holder witnessed $400 Million liquidation in the last 48 hours. The cryptocurrency market has witnessed significant capital outflows in recent months, as highlighted by renowned trader Ali (ali_charts) in a recent tweet. According to Ali, the market’s realized net position change has plummeted from over $110 billion in March to a mere $20 billion today. This dramatic decline underscores the intensified selling pressure and capital flight from the crypto sector. With sustained selling, the LUNC price could plunge another 22% to hit the August 2023 low of $0.000052.

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⭐️ Fetch.ai (FET) Attracts Whales Ahead of ASI Transformation Fetch.ai’s (FET) price is no longer Fetch.ai’s price; it is the price of the Artificial Superintelligence Alliance. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI. 🔸 Whales Welcome Fetch.Ai’s Conversion Into ASI Fetch.ai’s price was expected to rise ahead of July since the token merger commenced this week, with a projected completion by mid-July. The Artificial Superintelligent Alliance will trade under the FET ticker during this transition. With a current market capitalization nearing $3 billion, it has emerged as the second-largest asset in the AI token market. FET whales noted the profit opportunity this presented and jumped to accumulate as much as they could. Within a week, the addresses holding between 100,000 and 10 million FET added more than 62 million FET worth close to $73 million. These investors expect a price surge following the merger’s completion, resulting in profits. However, optimism is not limited to whales; it is also shared by retail investors. The weighted sentiment has been largely positive, with Fetch.ai noting mentions across social media platforms. 🔸 FET Price Prediction: Breaking out of the Consolidation Fetch.ai’s price was expected to reap the bullishness arising out of the merger, but the broader market cues countered this. As a result, FET is still consolidated between $1.7 and $1.0, and it has been continuing for nearly a month now. This consolidation will continue in the coming days as well until the merger is completed, and the resulting bullishness will help FET break out of it. Although the altcoin has shown signs of potential decline and losing the lower limit of $1.0, it cannot be ruled out completely. If this happens, the bullish thesis would be completely invalidated. $FET #FET

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👀 MATIC’s bear phase confirmed! Is $0.40 next for the altcoin? MATIC finding it difficult to find its footing after almost all its holders fell out of profitsMVRV indicator revealed that the token was in a bear phase and would need a 13% hike to escape Things have gone from bad to worse for Polygon [MATIC] after the latest market correction. To be very specific, the price of the token plummeted to $0.43 on 5 July. To put this into perspective, the last time MATIC hit this level was back in July 2022. At the time, the crypto market was in a full-blown bear phase. MATIC’s recent decline has been in line with that of the broader market. However, on a singular front, it seemed to be all on its own. Now, one normally expects most or at least some of the top 20 cryptos’ holders to be in some form of profit at some point in time. Is that really the case with MATIC though? 🔸 Polygon finally leaves “green land” Well, the bad news is that MATIC cannot boast of the same thing. According to IntoTheBlock, 97% of the project’s active addresses are out of the money now. In simple terms, this means that they are holding the token at a loss. The remaining 3% are not in profit, but are at breakeven point, meaning that no MATIC active holder has unrealized gains. In March, the price of Polygon’s native token had reached a yearly-high of $1.27, putting many holders in the money. Since then, however, it has been all down for the altcoin. At press time, the cryptocurrency was able to find its way back to $0.46. However, it was yet to face a huge sell-wall at a minimum price of $0.49. In this zone, 550 addresses bought 20.47 million MATIC. Thus, if the price approaches this level, there is a high chance that investors would be willing to sell. Should this be the case, the value of the token might drop again to $0.43. However, should in case buying pressure increases, bulls might attempt to break this wall. If that is successful, MATIC might retest $0.51 on the charts. For the time being though, that is an unlikely possibility. $MATIC #MATIC

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🐋 Bitcoin Whales Sold $1.7 Billion In BTC During Past Month: Data On-chain data shows the Bitcoin whales took part in significant net distribution in the past month, potentially feeding into BTC’s bearish momentum. 🔸 Bitcoin Whales Have Been Selling Amid Bearish Market As pointed out by analyst Ali in a new post on X, the BTC whales have been selling recently. The on-chain indicator of interest here is the “Supply Distribution” from the analytics firm Santiment, which keeps track of the total amount of Bitcoin that the various wallet groups are currently holding. The addresses or investors are divided into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all wallets holding between 1 and 10 BTC. In the context of the current topic, the whale cohort is of focus, which typically comprises the holders who own between 1,000 and 10,000 BTC. At the current exchange rate, the lower end of this range converts to $55.4 million and the upper one to $554 million. Thus, these investors have quite the large holdings. The influence of any entity on the market goes up the more they hold, so these humongous beings can carry some power. As such, their behavior can be worth keeping an eye on. Here is the chart shared by the analyst that shows the trend in the Bitcoin Supply Distribution specifically for the whales over the past month or so: As is visible in the above graph, the Bitcoin Supply Distribution for the whales has been trending down during the past month. In total, these investors have shed a net 30,000 BTC, worth more than $1.65 billion right now. The drawdown in the indicator has been particularly sharp in the past couple of days, suggesting that the selloff from these large entities is at least partly responsible for the crash the cryptocurrency has gone through. While the whales have already participated in a significant amount of distribution, it’s hard to say whether their selling appetite has calmed down. $BTC #BTC

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🤖 Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024 The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry. 🔸 Zignaly (#ZIG ) Zignlay’s 2.5% price rise was the best performance by an AI token this week. The crypto asset’s early rise during the previous weekend countered the decline over the last four days. ZIG is thus currently changing hands at $0.105. It is attempting to close above the crucial support at $0.105, one that has been rested as resistance in the past. Securing it as support would enable recovery towards $0.112. However, failure to do so would mean additional potential losses for the token. A drop to $0.093 is likely, and the same would invalidate the bullish thesis. 🔸 Aethir (#ATH ) While Aethir is a newly launched token, despite its strength, it has not conceded to the broader market trends. Trading at $0.066, ATH’s price is looking at consolidation over a decline. This consolidation range spans between $0.077 and $0.063. The altcoin, still a newcomer in the space, aims to facilitate DePIN’s role as a GPU cloud computing aggregator. Given DePIN’s considerable demand over the past few days, ATH is saved from losses. Nevertheless, if ATH’s price were to drop below the support of $0.063 again, a drawdown to $0.057 is likely. Losing it would invalidate the consolidation thesis. 🔸 Artificial Superintelligent Alliance (#ASI ) The Artificial Superintelligent Alliance is one of the biggest events in the AI sector this quarter. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI. They began the token merger this week and expect to complete it by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

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