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Futures $ETH ETF to be canceled 😱😱 VanEck has decided to liquidate the Ethereum futures ETF, which has already happened earlier with the Bitcoin futures ETF 🪙
📈 Lookonchain: TRON network's revenue from commissions grew by 46% in August
At the same time, the Solana network recorded a 48% drop in this figure.
In addition, analysts reported that Pump Fun developers sold almost 265,000 SOL (more than $40 million) of the total 680,000 SOL generated by the platform from commissions. The average selling price is $158.
➡️ The legendary trader from the first half of the 20th century, Jesse Livermore, used to say that a smart market player knows when to trade and when not to trade. Sometimes inaction is the best strategy.
➡️ It seems like today’s crypto market is one of those cases. I have open positions and am waiting for a momentum to form (possibly after the release of U.S. statistics) before reassessing the situation.
📊 In the meantime, I recommend paying attention to the structure of the crypto market. We are still in the "Bitcoin season."
❗️As soon as $BTC dominance drops below 50%, altseason will begin. In the first months, I expect capital to flow into Ethereum and other large altcoins, and then into smaller ones.