🚨According to Coinglass data, $453 million worth of liquidations took place in futures transactions in the last 24 hours.

•85% of these ($386 million) are long positions.

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Around $453 million was liquidated on crypto exchanges in the last 24 hours. 88% of this amount resulted from the liquidation of long positions.

#ParrotBambooCrypto #CryptoDeNostradame #BTC $BTC

European Union:
• Consumer Price Index (CPI) (Annual) (May):

◦ Announced: 2.6%
◦ Prediction: 2.5%
◦ Previous: 2.4%

#ParrotBambooCrypto #ParrotBamboo #CryptoDeNostradame $BTC #BTC

These Five Names Changed the Fate of Cryptocurrencies!

Satoshi Nakamoto: The mysterious creator of Bitcoin
The most mysterious figure in the cryptocurrency world and the creator of Bitcoin is Satoshi Nakamoto. It is still unknown who this person is, whether it is a single individual or a group. In fact, it is sometimes questioned whether this legendary character is real or not.

Vitalik Buterin: Ethereum genius
He gained fame as the creator of Ethereum, the world's second largest digital currency by market value. A true genius, Buterin wrote his first computer game using Excel macros at the age of 7, and started developing full-fledged games by learning C++ at the age of 10. He was introduced to blockchain technology in 2011, and in 2013, realizing the shortcomings of Bitcoin, he had the idea of ​​creating his own cryptocurrency.

Changpeng Zhao: Founder of Binance
Chinese-Canadian Changpeng Zhao is known as one of the leading names in the cryptocurrency industry. CZ is the founder and CEO of Binance, the world's largest cryptocurrency exchange by transaction volume in 2018. Zhao, known as CZ in the cryptocurrency community, has a large follower base on Twitter. According to unofficial information, CZ's total wealth is 33 billion dollars.

Charlie Lee: Creator of Litecoin
A talented programmer and computer scientist born in Japan, he is an iconic figure in the cryptocurrency world.
Lee is known as the creator of Litecoin, the first altcoin in cryptocurrency history. Before developing Litecoin, Lee worked as a software developer at Google. He was introduced to blockchain technology by reading an article about Bitcoin in 2011.

Elizabeth Stark: Founder of Lightning Labs
As the founder and CEO of Lightning Labs, he appears as an important figure in the cryptocurrency world. Stark led the development of the Lightning Network, which aims to solve Bitcoin's scalability problems. Lightning Network enables cryptocurrencies to be used more widely in daily life by accelerating Bitcoin transactions and reducing costs.
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The Fall in Bitcoin Price Sent Solana (SOL) to the Lowest Level Since May 2024.

According to cryptocurrency analysis firm CoinGecko, Solana (SOL) has experienced a significant decline of 7.5% in the last 24 hours and is currently at around $137. The price movement is in a symmetrical triangle pattern, it is possible for this pattern to break up or down. Given Solana's previous upward momentum, the outcome of this pattern could significantly impact future price trends.

Impact of Moving Averages on Solana's Performance
Solana's price is currently trading below the 50-day simple moving average (SMA) but above the 200-day SMA. This dynamic is indicative of the ongoing struggle between bulls and bears. The 200-day #SMA forms an important support level for potential upside momentum. If the symmetrical triangle formation breaks to the upside, #SOL could rise up to 63% and reach $292. However, the risk of a downward break should not be ignored.

Investors should focus on several important factors to consider in the current market environment:
** Watch the symmetrical triangle formation closely for signs of a breakout in either direction.
** Evaluate the 50-day and 200-day SMA levels to identify critical support and resistance levels.
** Watch for increased trading volume, which may indicate an increase in investor activity.
** Keep track of the number of active addresses on the network, this is an indicator of interest and usage in the platform.

Important support levels for Solana are set at $87 and $56. Despite current market uncertainties, Solana's 24-hour trading volume increased by 153%, indicating increased investor interest. The number of active addresses on the Solana network peaked in May, reaching 41.65 million, but a decline was observed starting in mid-June. Still, strong support in open interest around $1.36 billion suggests continued investor interest.
$BTC $SOL
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🗣️Bloomberg ETF analyst James Seyffart:
Hashdex has filed an application with the SEC for a Bitcoin and Ethereum ETF. The deadline for SEC approval should be around the first week of March 2025.

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$ETH

Ethereum Leads Correction in Altcoin Market as FOMO Reduces.

In recent months, the phrase “altcoin season” has become a common term in the cryptocurrency market and comes with expectations of serious price increases. However, the excitement has faded considerably, making way for a more measured and calculated market approach. Apart from Ethereum, many altcoins experienced corrections of 10% to 20% last week. This trend shows that the “fear of missing out” (#FOMO ) that often drives speculative investing at market peaks has decreased significantly.

The decline in #FOMO since the market peak in March presents a potential buying opportunity for savvy investors. Santiment's data indicates that the current market sentiment is approaching the bottom levels and is an advantageous entry point for those who want to benefit from the decrease in excitement during this period. As FOMO levels reach their lowest levels in 2024, investors, especially those interested in prominent altcoins such as Shiba Inu (SHIB), Dogecoin (#DOGE ), and XRP, may consider re-entering the market during this recession.

Bitcoin's approach to its all-time high is in stark contrast to most altcoins trading below their peaks. Famous crypto analyst Benjamin Cowen suggests that expectations of an altcoin bull run anytime soon may be premature. According to Cowen, a significant uptrend is unlikely before the Federal Reserve (Fed) starts cutting interest rates. Historically, altcoins have provided strong returns following Fed rate cuts. Cowen explains:
“The decline in most altcoins parallels the decline in the bull/bear index and is reminiscent of the period before the Fed started cutting interest rates in 2019. This index fell sharply before the Fed cut interest rates in July 2019. “It is very important to monitor these movements because it may be premature to expect an altcoin season without Fed rate cuts.”
$DOGE $SHIB $XRP
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Balaji Srinivasan: Bitcoin (BTC) Will Be Crucial in AI-Driven Future.

Balaji Srinivasan, a prominent name in the cryptocurrency world, suggests that digital currencies will evolve as the main medium of exchange in an era where AI technologies develop. He emphasizes that the “digital scarcity” inherent in cryptocurrencies contrasts with the “digital abundance” brought by AI, and that this scarcity will be critical in distinguishing human interactions from AI-generated actions.

Srinivasan describes the need for digital currencies in facilitating transactions between humans and AI. “In an era where AI and robots are creating an abundance of services and talent, only cryptocurrency can protect true scarcity. For example, scarce crypto assets will be needed to verify human identity against AI cloning.” says. He adds that these cryptocurrencies will serve as a bridge that will connect different economic actors, whether human or machine.

In the landscape envisioned by Srinivasan, Web3 technologies such as Bitcoin (BTC) and Ethereum (ETH) will provide a safe and reliable infrastructure for AI-powered economies. “The robustness of blockchain technology offers superior security compared to Web2 systems,” says Srinivasan. “Private keys on these blockchains will be the most valuable resource because these keys will control access to AI robots and services.”

Exploring practical scenarios, Srinivasan explains that home robots, like today's washing machines but mobile, will need crypto transactions for operational tasks. This shift highlights the continuing importance of economic scarcity, and thus money, even as other forms of scarcity have been eliminated by technological advances.
#CryptoDeNostradame #ParrotBambooCrypto

🧙‍♂️ According to Nansen data, among the first 10,000 addresses to receive ZK Airdrop;

🔸Keeping 42.49%,
🔸30.3% to completely transfer or sell approximately #Zk 234 million,
🔸27.2% chose to partially transfer or sell approximately #Zk 103 million.

#CryptoDeNostradame #ParrotBambooCrypto

Solana Faces 50 Percent Drop: Market Analysts Predict Recovery Amid Ethereum ETF Prospect.

The altcoin market is experiencing a serious correction, with market cap falling from $1.2 trillion in March to $1.05 trillion today. This represents a 12.5 percent loss of value.
Major altcoins in particular have been hit hard, with some dropping over 40 percent in the past two weeks. Prominent cryptocurrency analyst Michael Van De Poppe pointed out the inherent volatility of the market in his latest video analysis.
Van De Poppe attributes the instability of the altcoin market to several factors, specifically noting the delay in the start of trading of the #Ethereum spot #ETF despite its approval. This has led to confusion and instability among traders and investors who are uncertain about their participation time in these regular investment options.

Additionally, macroeconomic indicators such as the Consumer Price Index (CPI), Producer Price Index (PPI), and Federal Open Market Committee (FOMC) announcements have a significant impact on market sentiment. Data showing that inflationary pressures may ease may indicate future interest rate cuts by the Federal Reserve, which would historically be positive for altcoins. These assets typically thrive in periods of abundant global liquidity and low interest rates.

Taking #Solana ( $SOL ) as a case study, it is currently trading at $146.52, down over 50 percent from its March peak. However, recent activity signals an uptick. In the last 24 hours, Solana's price increased by 1.6 percent. At the same time, the open interest rate increased by 0.36 percent, while the open interest volume increased by 68 percent to $3.83 billion.
#CryptoDeNostradame #ParrotBambooCrypto

🧙‍♂️ It was revealed that two former Chinese bank managers laundered $ 248 million in illegal funds using cryptocurrencies.
#ParrotBambooCrypto #CryptoDeNostradame

💫The other day, 12,700 BTC worth approximately $840 million was sent to savings addresses.

#ParrotBambooCrypto #CryptoDeNostradame #BTC $BTC

💫Renzo ( #REZ ) raised $17 million to expand Restaking services across two funding rounds.

#renzo #ParrotBambooCrypto #CryptoDeNostradame $BTC