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MazloomHussain
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SOL Price Dropping：The price volatility has reached 3.00% in the past 24 hour(s). Please be aware of the risks.

SOL Price Dropping：The price volatility has reached 3.00% in the past 24 hour(s). Please be aware of the risks.

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Where do both BTC and ETH stand? In trading options, a put means that a trader has placed a position to place a contract up for sale. In this case, the expectation is that the price of the asset decreases so the position can make gains. On the other hand, a call implies a purchase, indicating that the bet is for a price hike. If the reading of the Put/Call Ratio is 0.70 and above, it means that traders are buying more puts than calls. Conversely, a reading of 0.50 and below implies a bullish sentiment in the market. For Bitcoin, the ratio revealed that the number of put and call positions was close, indicating a balance between bearish and bullish positions. For ETH, the Put/Call Ratio was 0.21 – A sign that most of the bets were bullish. ETH had a maximum pain point of $3,000. If the cryptocurrency trades at this level or below by the end of the day, a lot of traders might face huge financial losses.
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Avalanche (AVAX) experienced a notable 8% price surge following the announcement of its latest venture— the tokenization of a quality wine investment fund. This initiative, involving the Wine Capital Fund, was successfully executed by Oasis Pro and is now listed on the ATS platform through Avalanche’s C-Chain. The strategic move aims to leverage the growing trend of tokenization to broaden investment opportunities within the Avalanche ecosystem. #CMEBitcoinSpotTrading #notcoin #MemeWatch2024
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#Memecoins According to data from CoinGecko, Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB) topped the growth chart over the past 24 hours. Coins rose in price from 6% to 10%, leading the top gainers rating.
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Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry, according to market analyst Ruslan Lienkha. Lienkha explained that this open interest concentration aligns with Bitcoin's all-time high. In mid-March, bitcoin reached a peak value of over $73,000. Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish. Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry. Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours. #BTC #notcoin
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