🐳Analyst: Bitcoin selling pressure increases, whale dominance reaches 96%

Recently, the $BTC market has been a bit "turbulent", and prices have been falling all the way, making many investors sweat. Yesterday, famous analyst Axel Adler shared some key data to give us some clear understanding of the market.

Currently, Bitcoin is now trading below the $90,000 mark, and market sentiment has turned bearish. Adler pointed out that the dominance of large players (that is, what we often call "whales") on exchanges has soared to a staggering 96%! This means that these big players have been actively selling their Bitcoin in the past two months, causing the market to continue to sell.

This trend has many people worried that Bitcoin may continue to fall. If the bulls cannot turn the situation around soon, Bitcoin may usher in a new round of selling, and the price may be lower. The next few weeks are very critical, and investors are waiting to see whether Bitcoin can hold the current support level, or whether the market will enter a long period of adjustment.

Still, Adler mentioned that Bitcoin is still being actively bought despite the massive sell-off. While the market is absorbing this sell-off, it is also dealing with some negative news, such as the Bybit hack, the failed Bitcoin reserve vote in three states, and the negative stock market sentiment brought about by Trump's trade policies.

Now, the price of Bitcoin has fallen to around $84,600, and bulls are struggling to hold this key level. If it can break through $90,000 and further push above $95,000, the market may usher in a rebound. But if this support level cannot be maintained, the price may fall further to $80,000 or even lower.

In short, the next few days will be very critical for Bitcoin. Everyone should pay close attention to the market's reaction to see whether Bitcoin can resume its bullish momentum or continue to fall. I hope the market can bring us good news!

💬What do you think? Is this drop in Bitcoin a temporary correction, or is it the beginning of a larger decline? Will you choose to buy the dip or wait and see? Chat about your views in the comment section!

#比特币 #加密货币 #鲸鱼 #市场分析

The darkest moment of Dogecoin and the glimmer of light of believers

The recent sharp drop in network activity and the market unlocking tide of Dogecoin have become the focus of everyone's attention. The DOGE chain data has a comprehensive warning: the withdrawal of whales and the superposition of the unlocking tide have increased short-term risks.

DOGE's network activity has fallen to the lowest point since October 2024. Specifically, there are only 66 large transactions per day, which is nearly 88% lower than the peak. The number of active addresses has also fallen below 60,000, and the participation of retail investors has decreased significantly. In addition, the market will unlock more than 465 million US dollars in the next 7 days, and DOGE is also among them, which undoubtedly puts a lot of pressure on the market.

From a technical point of view, the MVRV ratio has a death cross, which has often heralded a sharp drop in prices in history. Although the RSI is oversold, the momentum of the rebound seems insufficient. In this case, it is recommended that everyone wait and see in the short term and pay attention to the key support level of $0.25. If it falls below this position, there may be more room for decline.

Historically, DOGE has plummeted by 26%-44% after the MVRV ratio has a death cross. Now, the technical side has sounded the red alarm. Although some people are still waiting for Musk's shouting, the risks in the market cannot be ignored.

Darkest moment? History tells us that DOGE has repeatedly "exploded after false death". The hibernation of giant whales may be the calm before the storm. Musk's tweet can ignite the market, and faith has never disappeared.

From a technical point of view, RSI is oversold and the strong support of $0.25, the opportunity may be left to the brave. Is the unlocking tide a crisis or a turning point? Perhaps it is the smoke bomb of the main force to absorb funds. At this time, faith may be more important than gold.

On-chain indicators show that whale trading volume fell 69% week-on-week, and network activity shrank 97% year-on-year. The death cross of the MVRV ratio further confirmed the bearish signal.

In terms of price trend, the current support level is $0.25. If it is lost, it may drop to $0.20. The rebound needs to break through the 50-day moving average resistance of $0.332. Derivatives signals cannot be ignored either. The surge in option trading volume by 79% indicates an outbreak of volatility.

In general, the long-short game of DOGE has intensified, and the short-term direction needs to be broken. In this uncertain market, it is most important to stay calm and rational and do a good job of risk management.
#加密货币 #DOGE #市场分析 #投资风险

🕵️ Analyst Prediction: February Could Welcome a Key Period for Altcoins

The cryptocurrency market has recently remained sluggish, especially altcoins, but analysts have identified some patterns that may indicate a market shift.

Most cryptocurrencies fell in February, with altcoins suffering the most. However, if we reference historical cycles, February is usually a crucial time for altcoins and the entire crypto market.

Analyst Miles Deutsch raised a question about the current market sentiment being relatively low, with widespread predictions of an altcoin collapse, but does this also imply that the market is about to rebound? He also noted that, looking back at historical data, February typically marks a local low point for the “altcoin/Bitcoin” ratio in Bitcoin's four-year cycle.

Another analyst, “Mister Crypto,” observed that signs of Bitcoin's market dominance (BTC.D) always emerge before an altcoin season, similar to the cycles of 2017 and 2021.

According to Tradingview data, Bitcoin's market dominance (BTC.D) reached a four-year high of 64.3% at the beginning of this month, now slightly pulling back to around 61.3%, but still remains high.

There are opinions that Bitcoin's market dominance must reach a critical point of 70% before it declines, which is also seen as a precursor to the start of altcoins.

Analyst Kaleo also stated that the market has not yet entered the core phase of a bull market. He compared the current performance of meme coins to the growth trend of DeFi tokens at the beginning of the last cycle, noting that after a prolonged bear market phase, there usually comes a wave of a “mini altcoin boom season.” Subsequently, Bitcoin's price reaches new highs, driving the development of L1 layer ecosystems, and sparking a new wave of growth.

He also mentioned that we are entering the smoothest regulatory period for the cryptocurrency market in years, while also receiving maximum support from the highest levels of government. Therefore, I find it hard to accept that, apart from meme coins, altcoins have not shown significant growth.

However, in the latest altcoin market cycle, meme coins have played a key role. Yet, they are still referred to by the media as having no substantial use, merely manipulated by insiders to scam investors out of their principal.

💬 Do you agree with the analysts' views? Do you think February will really be the peak season for altcoins? See you in the comments!

#加密货币 #山寨币 #市场分析 #Altseason

🕵️Last week's inflow of funds into Bitcoin exchanges reached an astonishing $1 billion. Does this signal an impending market storm?

At the beginning of this week, Bitcoin continued to fluctuate between $98,600 and $95,000, as it did last week. During this volatility, data shows that Bitcoin traders' sentiment is leaning negative, which may exacerbate the downward price trend.

On-chain analysis platform IntoTheBlock shared data on X showing that last week, $1.04 billion flowed into cryptocurrency exchanges, offsetting the outflows of the previous three weeks. This phenomenon indicates a hesitancy in the market due to global political and economic uncertainties.

Even more concerning is that Bitcoin network transaction fees dramatically decreased by 10.74% compared to the previous week. A decline in transaction fees is typically seen as a bearish signal, as rising transaction fees usually indicate increasing demand and market activity, while a decline suggests waning interest and weakening price momentum.

According to Soso Value data, the net outflow of funds from U.S. spot Bitcoin ETFs reached $651.83 million last week. This is the largest single-week outflow these spot Bitcoin ETFs have faced since the first week of September 2024.

Meanwhile, the inflow of funds into Bitcoin exchanges has surged. This phenomenon suggests that while the ETF market is experiencing fund withdrawals, some of the outflow may have shifted to exchanges.

The inflow of Bitcoin into exchanges typically provides a bearish signal for Bitcoin, as it creates selling pressure on the exchanges.

In summary, the analysis suggests that some institutional investors have been selling Bitcoin, either to take profits or as a precautionary measure in response to the uncertainty following the price crash in early February.

Additionally, crypto analyst Ali Martinez claims there is a demand barrier of 1.43 million coins between $94,660 and $97,540, and a supply barrier of 1.16 million coins between $97,650 and $99,470. A breakout above either barrier could signal a significant market shift, with an upward breakout potentially pushing it back above $100,000, while a drop below support could trigger a deeper correction.

💬 The movements in the Bitcoin market have sparked heated discussions. Do you think this is a signal of the end of the bull market? Or is it just a temporary adjustment? Share your insights in the comments and let's discuss together!

#比特币市场动态 #比特币ETF #资金流出 #市场分析

ALT is listed on#Binanceand has increased by 5200%, reaching as high as $0.33!

Tracking the addresses on the chain, here are some findings

The total amount of $ALT is 10B, and the circulating supply is 1.1B

1/The top ten currency holding addresses hold a total of 9,915,694,531 $ALT , accounting for 99.15% of the total!

2/Addresses tagged#Binancehold a total of 277,842,597 $ALT , accounting for 25.2% of the circulating supply. Binance may become the largest banker in $ALT !

3/The 13th currency holding address is the largest airdrop address and has not been transferred yet!

4/sungjae.eth is an airdrop hunter who received 421,187 $ALT airdrops! Deposited 20k $ALT into#Binance2 hours ago!

If you are interested in airdrops, you can use them as tracking objects!
#ALT#Binance #市场分析

#币安7周年 #BTC下跌分析 #市场分析
Recent data shows that from July 3 to date, more than 70,000 bitcoins have flowed out of exchanges, worth about $4 billion.

It is worth noting that in the context of the German government's continued selling and the market in panic, there are still large funds quietly increasing their holdings.

This phenomenon may mean several things:

The price of Bitcoin may have bottomed out, and large institutional investors are seizing the opportunity to expand their holdings, expecting a rebound in the future.

These large investors may remain confident in the long-term value of Bitcoin and are taking the opportunity to increase their investments.

Even in a market downturn, there are still funds looking for value investment opportunities and looking forward to the long-term development of Bitcoin.

The quiet increase in holdings by large funds may indicate that the market is looking for signs of bottoming out. However, we still need to pay close attention to future market trends and policy changes to better judge the medium- and long-term direction of Bitcoin. $BTC

Detailed explanation of July non-farm payrolls, must read!!!
Today's non-farm payrolls report surprised the market. Only 114,000 new jobs were created in July, the lowest record in three and a half years, and the unemployment rate rose to 4.3%, a three-year high, triggering the Sam's Rule recession indicator. Panic spread, and traders began to bet on a 50 basis point rate cut in September, and the rate cut is expected to exceed 110 basis points this year.

In terms of specific data, non-farm payrolls increased by 114,000 in July, far below the expected 175,000. The unemployment rate rose from 4.1% last month to 4.3%. Wage growth slowed, with hourly wages rising by 0.2% month-on-month and 3.6% year-on-year, both lower than expected.

After the data was released, U.S. stock futures fell sharply in the short term, with Nasdaq futures falling by more than 2%, S&P 500 futures falling by 1.6%, and Dow futures falling by 1.2%. The yield on the 10-year U.S. Treasury bond fell by 19 basis points to 3.79% at one point, and the U.S. dollar index also fell.

Despite the strong performance of the labor market in the past two years, it now seems that the Fed is more likely to cut interest rates in September to prevent the labor market from slowing further. Clark Bellin, chief investment officer of Bellwether Wealth, said that the Fed must cut interest rates in September to prevent the labor market from slowing further.

The rise in unemployment has triggered the Sam rule, an indicator that has predicted recessions with 100% accuracy since 1970. But some analysts believe that this does not necessarily mean that the economy has entered a recession, but is just an early warning sign that the economy will weaken further.

In terms of employment structure, employment in healthcare, construction, transportation and warehousing continued to increase in July, but the information industry lost 20,000 jobs. Government employment growth slowed down, and other major industries did not change much.

#就业数据 #经济衰退 #市场分析 #美联储何时降息？ #降息预测

🚀 Bitcoin's road to a new high is blocked, and analysts tell you the reasons behind it!

🧐 Recently, the price of Bitcoin has been hovering between $55,000 and $65,000, and it seems a bit difficult to break through the $70,000 mark. So, analysts from IntoTheBlock gave some interesting insights!

📉 Why is it difficult for the price to break through? The reason is that many Bitcoin traders bought BTC in the price range of $61,700 to $70,500, but now the price is around $56,500, which means they are all losing money. So, if the price rises back to this range, there may be a lot of people who want to sell quickly to reduce losses or at least break even.

🔄 Therefore, analysts from IntoTheBlock said that whenever a large number of traders lose money, the price of Bitcoin will face selling pressure when it approaches their purchase level, which is why Bitcoin has difficulty breaking through this price range!

📊 What does historical data say? Historically, September is usually not a good month for Bitcoin. Bitcoin has fallen in September in six of the past seven years, with an average drop of 4.5%. Moreover, September this year did not start well, with the price falling from $60,000 to $55,000.

🌐 At the same time, analysts also mentioned some other factors that may affect the price of Bitcoin, such as market consolidation after Bitcoin halving, uncertainty in the US election, large amounts of Bitcoin held by the government, and the upcoming asset distribution to Mt. Gox creditors.

🐋 Despite the challenges, Bitcoin's on-chain data shows positive signs. The number of wallets holding more than 100 BTC has reached a 17-month high, which means that large investors are buying on dips and may be preparing for a rebound at the end of the year.

💬 What do you think about the current market conditions and future trends of Bitcoin? Do you think Bitcoin can break through the current resistance and set new highs after the interest rate cut in September? Leave your insights in the comment section!

#比特币 #市场分析 #加密货币趋势 #IntoTheBlock

📊Ethereum Gas Fees Hit a New Low, Analysts Are Bullish on ETH's Prospects! 🚀

📉Ethereum's Gas Fees Recently Dropped to a Five-Year Low, Which Could Be Good News for ETH. Analyst Ryan Lee said that historical data shows that low Gas Fees often herald mid-term price bottoms. And when this moment coincides with a rate cut cycle, the market's wealth effect may be evident.

🔍He said that the drop in Gas Fees could be related to users turning to more efficient, low-cost blockchains such as Solana and Layer 2. At the same time, Ethereum's Dencun upgrade also played an important role in reducing fees by improving network efficiency.

📊 In early March, Ethereum's network activity was super hot, with Gas Fees once reaching 83.1 gwei. But with two major updates involved in the Dencun upgrade in mid-March, Gas Fees dropped to 0.6 gwei earlier this week, and fees dropped by more than 95%, which is a dramatic change!

💰Moreover, because of the lower gas fee, the number of ETH destroyed has also decreased, which means that the supply of ETH has begun to rise. In the past week, the total supply of ETH has increased by more than 16,200, which is worth more than $42 million at market prices.

Viewpoint:

🤔The decline in Ethereum gas fees may be a positive sign for ETH. This low fee may indicate a mid-term bottom for ETH prices, especially in the context of the current interest rate cut cycle, which may stimulate the wealth effect of the market. In addition, as the efficiency of the Ethereum network improves and the gas fee decreases, more users and developers may be attracted to return to Ethereum, thereby increasing the demand for ETH.

🌐Even as users and applications migrate to faster and cheaper blockchains such as Solana and Layer 2, Ethereum's Dencun upgrade has demonstrated its ability to adapt to market changes and improve user experience.

📊At the same time, as gas fees decrease, ETH destruction decreases and supply increases, this may have a short-term impact on prices. However, in the long run, if demand continues to grow, ETH prices still have room to rise.

💬Do you think that Ethereum’s Dencun upgrade will have a decisive impact on the market? Will the drop in gas fees really drive up ETH prices? Feel free to share your views in the comments section!

#以太坊 #ETH #Gas费 #市场分析 #加密货币投资

This 1D temperature map is more intuitive. The market began to rebound on November 5, rebounding until December 8, then a sharp drop for one day, followed by a gradual decline until December 22. It rebounded for two days before Christmas and then remained sluggish until January 1. On January 1, it rebounded to today #市场分析 .

Recently, liquidity has been declining, trading volume has sharply decreased, and there is an extreme lack of active capital. Except for #Meme幣 , other sectors are very disgusting. However, playing with #meme will involve greater risks, and the chances of making money are extremely low. Will things really get better after the election? I don't know. I only know that mainstream cryptocurrencies like $BTC and $ETH are facing the challenge of drying up liquidity. The wealth creation effect in the entire market is increasingly diminishing. This place used to be full of opportunities for a comeback, but now it is developing into a casino. It has been four or five days without any operations. I hope the market makers can pump the market to help me regain some confidence. #币圈新机遇 #区块链 #市场分析

#比特币 #市场分析 #投资策略 #市场动态
Bitcoin Price Trend Analysis: Critical Support Level Faces Threat

The recent price action of Bitcoin has made investors nervous. Despite the recent gains in Bitcoin, the break below $65,000 still highlights a critical threshold. According to the weekly chart, Bitcoin is oscillating around $64,000, which is a potential risk area. As the price of Bitcoin hovers below the key level, a downward trend may occur.

Bitcoin loses support and faces potential downside. Bitcoin has lost the intermediate support level of $66,500, and the support level of $64,000 is under significant threat. If Bitcoin wants to regain its upward momentum, it is crucial to regain $66,500, and then it is crucial to target the top of the range at $73,000.
Currently, Bitcoin is showing indecision and may be in a downward trend, with $64,000 being a key support level. A break above this level could send Bitcoin towards the bottom of the $60,000 range.

The current Bitcoin market situation is complex, with key support level threats and historical market dynamics particularly prominent. While short-term trends appear uncertain, we should remain patient and focus on fundamentals rather than short-term price fluctuations.
Personal opinions, for reference only, follow Sanzang, and share real-time work. $BTC

BTC market morning news!
🌅 In the morning, the BTC market was in turmoil! Bitcoin started with continuous shocks, catching leveraged players off guard and evacuating for safety. Then, SOS released a large volume like a beast out of a cage, instantly breaking through the 64,000 defense line, and the market atmosphere was instantly tense! 💥
🔍 At this moment, under the attention of all, 64,000 has become a key touchstone. If it is as solid as a rock, Bitcoin will not be afraid of challenges and will go straight to the "bat shape" highland of 67,000, where there are tempting opportunities and unknown challenges! 🌟
⚠️ But the market is like a battlefield, changing rapidly. If 64,000 is lost and the downward channel is restarted, coin friends must be vigilant and quickly build a defense line. The "shock-for-fall" strategy of institutional traders not only clears leverage but also avoids air force, and its ruthless means are amazing!
📚 In summary, the BTC market is turbulent, so you need to be cautious when following the trend. Only by being flexible and keeping your positions strictly can you move forward steadily in this vast sea of ​​stars and explore unlimited possibilities! #BTC☀ #比特币政策 #市场分析

Meme Exit Logic

1. Market Capitalization: The market capitalization nodes for a 'Tu Gou' (local dog) are 1m, 5m, 10m, 50m, and 100m. These can be considered as exit nodes.

2. Transactions: For on-chain projects, the short-term transaction volume has its limits. For a 'Tu G' project, when the daily transaction volume is between 5-10m, it has essentially reached the limit of short-term capital influx. (Depending on overall liquidity & sentiment, check how much trading volume top-tier MEMEs have; this can serve as a benchmark)

#市场分析

📊Bitcoin financing rate has dropped sharply, is market activity cooling down?

Bitcoin's financing rate has plummeted recently, which is a bit panicking! Once the price drops, those important on-chain indicators also slump, which is annoying to watch. If this situation continues, the price of Bitcoin is estimated to go down all the way.

We all know that the upward trend of financing rates indicates that the demand in the futures market is strong and the price is likely to rise. But now the financing rate has dropped sharply, which means that everyone is not so confident in Bitcoin. At the same time, those traders have become cautious, and the demand in the derivatives market has also weakened. If there is no such momentum to push up, the upward trend of Bitcoin will be suspended.

When Bitcoin rose before, the financing rate rose quite sharply, but now it has begun to retreat from the $108,000 position, and the financing rate has also fallen. This means that traders' enthusiasm for the market has waned, capital is not so actively flowing in, and the bullish momentum is weak. It will be difficult for Bitcoin to continue to go up.

Moreover, the current financing rate situation reflects the market's hesitation. The key is that the key point of $108,000 has not been broken. If Bitcoin is unable to hold $90,000, the situation is worrying. After investors' confidence is frustrated, the selling pressure will increase sharply, and the price will most likely continue to fall to test the lower Fibonacci level and psychological threshold. On the contrary, if the financing rate can rebound with the increase in purchasing power, Bitcoin is expected to stabilize and resume its upward trend, and the market's bullish sentiment is also expected to rekindle.

In addition to the financing rate, the unrealized profit rate of Bitcoin chain traders is also declining, which is not good. Julio Moreno, head of research at CryptoQuant, said that Bitcoin prices rose so sharply before, and it is normal to fall now. However, traders believe that the actual support price is $88,000, and the price at that time was $93,000. If it continues to adjust, the profit space in this round will become smaller and smaller.

What do you think of the recent sharp decline in the financing rate in the Bitcoin market? Do you think the Bitcoin market is about to change, or is it just a temporary fluctuation? Leave your opinions and views in the comment area!

#比特币 #市场分析 #融资利率 #链上指标 #心理支撑位

As I drive my truck across the vast highways, I always think about how to find the next opportunity in the cryptocurrency market. Today, my eyes are set on $BONK .

The RSI indicator is rising, and the market is about to reach a critical moment. There is a high position around 0.0549, while the 200 moving average on the current H4 chart and the last move's VWAP are both above. Such technical signals have led me to decide to fully invest in $BONK , with a target price aimed higher.

Want to learn more market insights? Follow me, and let's move forward together on this path to wealth! #加密货币 #市场分析

$BONK $BTC $ETH #加密沙皇 #比特币重返10W大关 #币安将上市ACX、ORCA

Hey, friends! The recent market is really confusing. The bull market has been going on for three months, and everyone is still talking about those old coins, such as XRP, ADA, and LTC. UNI, CRV, ENA, USUAL, and DYDX in the DEFI sector are also being discussed crazily. What about the AI ​​sector? Although most retail investors' money is here, few people mention WLD, IO, FET, and RENDER. L2, modular chains, and game tokens are even less popular.

So, what stage is the market in? From the logic of the big bull market, does the sector rotation come to DEFI? These coins are too old, and even newcomers don't look at them. To what extent does it have to rise to attract the attention of leeks and let them start to take over?

As a community, we have our own investment research team, strong on-chain data analysis capabilities, master the capital trends of large investors, track the position building trends of Wall Street institutions, and escort everyone's transactions. In this round of rise, we led fans to layout projects such as SAGA, ETHFI, SOL, BNB, TIA, BOME, and WLD, all of which have made profits.

Next Monday, we will lead fans to layout explosive potential coins, and it is not difficult to double. The same news, the same layout, the same opportunity, the team is prioritized.

I have bought $SOL , $BNB , and $WLD in full positions. It is not a dream to double the target price! #投资策略 #市场分析

Don't forget to like, follow, and forward, so that more people can join our team! #PENGU开盘 #美联储放鹰 #市场调整後的机会？

📈 2024.5.19 Outstanding Altcoins of the Week: Dr. Frog's Latest Analysis 🐸🔮
This week, several altcoins performed well, surpassing the gains of Bitcoin and Ethereum. Here are some of the best performing altcoins and their analysis:
$PEPE:
Due to the return of meme culture, $PEPE has performed strongly this week and investors are enthusiastic, testing all-time highs (Cryptonews).
$NEAR (Near Protocol):
$NEAR rose 23.5% this week and is currently priced at $7.05. Although it is still some distance away from the all-time high of $20.42, its gradual upward trend is obvious (CoinGape).
$FLOKI:
$FLOKI's price rose 23.23% this week. Although it is down 30% from its high in March, it is still one of the best performing altcoins this week. The coin benefits from meme culture and the influence of Elon Musk (CoinGape)​​ (CoinGape).
$HBAR (Hedera Hashgraph):
$HBAR has risen 31.35% this week, breaking out of the previous bear trap and currently trading at $0.107. Although it has fallen back from its highs, it is still performing well​ (CryptoPotato)​.
$RNDR (Render):
$RNDR continues to climb, up 31% in the past 30 days. As a decentralized GPU rendering platform, $RNDR has made significant progress in providing GPU computing power, and the market has responded positively​ (Cryptonews)​.
$BONK:
$BONK rose 137% this week to a new all-time high of $0.00004704. Despite a decline in trading volume, its strong price performance is worth paying attention to​ (CoinGape)​.
Summary:
Most of the altcoins that performed well this week were driven by meme culture, technological progress, and community support. Investors should pay attention to the subsequent development of these currencies and operate with caution to cope with market fluctuations.
#加密货币 #市场分析 #山寨币热点 #青蛙博士 🐸🔮