$BTC will retain it’s value very soon, those who are saying | Muhammad Usman Baig on Binance Square

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Muhammad Usman Baig

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$BTC will retain it’s value very soon, those who are saying that BTC will dump to 55,000$ they are just making wrong assumptions without reasonable knowledge.

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BTC

58,702.01

-2.44%

77

0

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$BTC Bloodbath for longs Happy life for shorts

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$BTC the reason behind the price drop:- Yesterday, the Bitcoin ETF outflow amounted to $55 million. Among the key players, Grayscale's GBTC faced a significant net outflow of $166 million, while BlackRock's IBIT saw a contrasting net inflow of $111 million. Fidelity's FBTC remained neutral with a net inflow/outflow of zero. From past couple of hours BTC is retaining its value because of the retail investors,they are taking advantage of low price and acting bullish in market, you can clearly analyse the bullish pattern after the yesterday dump.

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#Write2Earn‬ #BTC $BTC $ETH According to Coinglass data, the total liquidation amount across the network reached 161 million US dollars in the past 24 hours. Of this, long position liquidations were about 64.04 million US dollars and short position liquidations were about 96.89 million US dollars. Bitcoin liquidations were approximately 57.44 million US dollars, while Ethereum liquidations were around 42.96 million US dollars.

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#Write2Earn‬ $ETH Lookonchain monitoring shows that yesterday, a whale deposited 11,275 ETH ($37.4 million) into Binance, with a loss of about $500,000. As the price of ETH rose, the whale withdrew 9,092 ETH ($31.7 million) from Binance in the past hour and borrowed 18 million USDT to buy more ETH.

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#Write2Earn‬ Sol vs ETH Solana and Ethereum are both blockchain platforms, but they have different architectures, consensus mechanisms, and goals. Here's a comparison of the two: 1.Scalability: Solana is known for its high throughput and low latency, capable of processing thousands of transactions per second (TPS). Ethereum, on the other hand, faces scalability challenges, with its current throughput limited to around 15-30 TPS. Solana's architecture is designed for horizontal scaling, allowing it to handle increased transaction volume without sacrificing performance. 2.Consensus Mechanism: Solana uses a unique combination of Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms. PoH timestamps transactions to establish a historical record, while PoS is used for block production and finalizing transactions. Ethereum currently operates on a Proof of Work (PoW) consensus mechanism but is transitioning to Ethereum 2.0, which will use a Proof of Stake (PoS) consensus mechanism to improve scalability and energy efficiency. 3.Development Environment: Ethereum has a well-established ecosystem with a large number of developers and projects. It supports a wide range of programming languages and has extensive tooling and documentation. Solana, while growing rapidly, is still newer compared to Ethereum but offers developer-friendly tools and libraries to simplify dApp development. 4.Security: Both Solana and Ethereum prioritize security, but their approaches differ. Ethereum has a large network of miners securing the network through PoW, while Solana utilizes PoS with a network of validators to achieve security. 5.Adoption and Recognition: Ethereum has been around longer and has greater recognition and adoption in the blockchain space. However, Solana has gained significant attention due to its high throughput and performance capabilities, attracting developers and users looking for scalable blockchain solutions. Summary:- Solana excels in scalability and performance, while Ethereum has a larger existing ecosystem and recognition.

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