L. Velez, an experienced digital assets trader, has advised crypto investors to get their bitcoins off crypto exchanges and prepare to buy the dip. Velez said this in a recent post on X (formerly Twitter) where he identified a crucial reason why the crypto market might experience another significant crash.

$BNB is near #Binance's last leveraged liquidation price once again. Remember when Caroline of Alameda tried to defend the $22 price before it and #FTX2.0 imploded? A $BNB collapse would bring down a house of cards 10x the size of FTX. Get your #Bitcoin off all exchanges.

Velez claimed that at its current price, BNB is near Binance’s last leveraged liquidation price. He believes that a BNB collapse would impact the entire crypto market in a significant way. According to Velez, a BNB crash will send the crypto market tumbling by more than ten times the magnitude of the crash experienced during the FTX collapse of last November.

The highly experienced trader recalled an event that preceded the FTX collapse, when Carolin Ellis, CEO of Alameda Research, posted that Alameda would buy Changpeng Zhao’s FTT tokens for $22 each. Of course, that did not materialize and could not save the market from an eventual collapse. Velez thinks the crypto market is preparing for a cleansing flush-out before the next bull run in 2024.

The First Digital USD stablecoin ( #FDUSD ) and its trading pairs on Binance just reached their highest ever share of spot trading volume on the exchange.

#Binance's spot trading volume reveals that 38% of it comes from FDUSD trading pairs, which is a significant increase of 42.6% from the previous month.

#Write2Earn #Dym #The_Bitcoinbull

By @Bitcoin Bull

Stay Alert! 🚨

Following #Binance's recent announcement, #TrustWallet is also raising the alarm. They have observed multiple projects falsely claiming partnerships, using their logo to deceive users. Scammers even manage to snag a Gold Verified checkmark at times on X (Earlier #Twitter).

Have you ever been #scammed?

This is indeed a game changer - Beginning on June 15, anyone who want to mine Bitcoin but lack the necessary hardware can subscribe to #Binance's cloud #mining services and buy #hashrates for the purpose. The amount of processing power needed to verify and validate Bitcoin transactions across the #blockchain is known as hashrate.

What do you feel?

#Bitcoin Price Prediction as Daily Trading Volume Falls to $3 Billion – Are #Whales Leaving the Market?

As Bitcoin's price hovers at $29,366, reflecting a slight 0.22 percent decrease on Sunday, concerns arise about the declining daily trading volume, potentially signaling a departure of whales from the market.

Adding to the uncertainty, #SEC Chair Gary Gensler highlights the highly speculative nature of #cryptocurrency, with fraud being a prevalent issue.

Moreover, the recent reservations expressed by the German authority concerning #Binance's CEO have led to the withdrawal of their license application, adding further complexity to the crypto landscape.

Today Btc officially broke the Triangle pattern accumulated since May 20, 2024. After the break, it broke the short-term peak with smaller volume, this shows the divergence of the price here, if the price goes In the last 16-24 hours here, Sell is worth betting on! #btc #BTC☀ #Bitcoin❗ #Binance's #TienNguyenLlois

#PIXEL staking rewards revealed ahead of launch🔥
#Binance's announcement offers #crypto enthusiasts a chance to earn passive income by staking $BNB or $FDUSD 💰
Rewards come hourly and can be accumulated till the end of the staking period👀💸
Don't miss out!
Sake Now: https://accounts.binance.com/register….

#TrendingTopic #Launchpool #FDUSD

Since Bitcoin created a short-term peak of 71,990 on May 20, 2024, the h1 chart has continuously moved in a rank ranging from 66,000-70,000, currently with a triangle wave pattern and a bounce point to escape this price range. from June 3-4, 2024. Let's wait and see which direction the price moves, swimming with the flow is the best thing at this time! #Bitcoin❗ #bitcoin☀️ #Binance's #TienNguyenLlois

Bitcoin Holders Resist 65% Annual Price Increase

As reported today by Bitfinex Alpha, impressive annual gain of over 65% is fueling the bullish trend in the crypto market. Long-term holders (LTHs) of the digital asset are showing determination, as evidenced by the declining Coin Days Destroyed (CDD) metric that measures the economic activity of the Bitcoin network.

The study also highlighted low sell-side liquidity and a decrease in selling activity among large Bitcoin holders with 1,000-10,000 BTC in their wallets. This suggests that these investors either expect further price gains or are comfortable holding their Bitcoins for longer periods of time. The Output Value Bands Spent (SOVB) metric for these wallets is declining, indicating decreased activity and potentially bullish market sentiment.
In contrast, smaller Bitcoin holders with 10-100 BTC in their wallets are contributing to the selling pressure. However, this pressure has had limited impact recently and is consistent with the early stages of a bullish market. The SOVB metric for these wallets shows an increase, indicating an increase in sales activity.

recent offer of $100 free and discounted fees may encourage more trading activity in the market. Despite these offers and increasing selling pressure from small holders, the Bitcoin market remains strong and resilient, demonstrating belief in its value proposition and future potential.

Overall market patterns are consistent with the early stages of markets and suggest that large Bitcoin holders can expect further price gains or are prepared to extend their holding periods. This is consistent with the early stages of a bullish market and reflects optimism about Bitcoin's future potential.

🇮🇳 Indian government rejects #Binance's plea to operate here in India... 🚫

The tussle between biggest Crypto Currency exchange #Binance and the Indian government is still on fire..!

Talks are still ongoing, but according to the Government of India, full compliance with #PMLAct. is the key to getting Indian users working here again.

#TrendingTopic

#A.digital.currency waiting for a strong rally.

_#Cryptocurrency.market have been a focal point for investors looking for signs of stability and growth potential, and Ripple appears to be a standout in the recent turbulent trading landscape. After facing a major market sell-off exacerbated by #Binance's legal issues, #Ripple has shown remarkable resilience. On Sunday, the digital currency showed strength by rising from the support level at $0.57. The rebound comes after a massive 22% decline from its early November peak of $0.734. The technical chart for Ripple now indicates an 18% upside if the bull flag pattern remains valid, with resistance targets set at $0.732 and potentially an extension to $0.75. A bull flag pattern, which consists of an initial gain in price followed by a period of consolidation, indicates continued buyer interest. This sentiment is further reinforced by whales' recent acquisitions of nearly 11 million Ripple.

$XRP

#FollowUsNow To see more news and details about digital currencies 💵💯🚀

$USDC
#Binance's $ 4.3 Billion Settlement Products of Bitcoin.
#Binancevote settlement set to propel Bitcoin ETF Expensive.
Matrix Portsmouth Triple enough Sizes the regularty impact of Binance sit Settlement #Spot trading.
#USDC
#FDUSD

Binance CEO Richard Teng Announces Comprehensive Plan for Crypto Exchange.

#Binance's new CEO, Richard Teng, said that he will devote the next few weeks to interviews, events and AMA sessions. Richard Teng aims to maintain Binance's dominance in the crypto market after Changpeng "CZ" Zhao resigned after pleading guilty to money laundering charges by the US Department of Justice.
Binance CEO Richard Teng told X that there will be a lot of communication activities, interviews, events, AMAs, etc. in the next few weeks. announced that it would be organized. Richard Teng also emphasized that Binance's core values will not change. The crypto exchange continues to focus on protecting users and building a platform that people love to use.
“I'll be doing a lot of talking over the next few weeks. Interviews, events, AMAs and more. I look forward to meeting many of you soon.”

#Binance , the world's largest crypto exchange, was accused of violating sanctions and money laundering laws and agreed to pay $4.3 billion to resolve the allegations to US authorities. Binance founder Changpeng “CZ” Zhao also pleaded guilty and resigned from his position as CEO.

#Binance's new CEO intends to bring back Binance's lost trading volumes. Additionally, the new CEO will work to maintain its dominance in the crypto market. Meanwhile, Richard Teng aims to further connect with the Binance community on X, similar to CZ. Cardano, Terra Classic, XRP, Shiba Inu and other communities expressed their support for the new CEO.

#JPMorgan Says Deal Is Positive for Society
Analysts at JPMorgan led by Nikolaos Panigirtzoglou said that the agreement between the US government and Binance is positive for the crypto industry and the crypto exchange. The deal marks a significant reduction in potential systemic risk from the hypothetical collapse of Binance.

Regulated crypto companies and products will help attract investments as well as investors from traditional finance. Currently, financial giants such as #BlackRock and Fidelity are actively seeking approval for ETFs.
$BTC $BNB