$PEPE $SOL Did you notice anything? 🐸 #Write2Earn #R | Rafsan0111 on Binance Square

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$PEPE $SOL 
Did you notice anything? 
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#Write2Earn 
#Residential_trader 
#Fun 

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💰 The 140 days of sideways action post-halving, just like in 2016 and 2020, is wrapping up by mid-September. We just need to survive these next couple of weeks of choppy price action before the breakout 🚀 The chart highlights three distinct periods where Bitcoin's price experienced significant upward movements after a consolidation phase: 1. **First Phase (2017)**: - There is a green rectangle marking a consolidation phase of 140 days, indicated by "20 bars, 140d Vol 576.896K." - After this consolidation, a blue upward arrow shows a significant price increase. 2. **Second Phase (2020-2021)**: - Another green rectangle marks a similar 140-day consolidation phase, indicated by "20 bars, 140d Vol 1.072M." - This is followed by another substantial price increase, depicted by a blue arrow. 3. **Current Phase (2023-2024)**: - The chart shows the latest consolidation phase of 140 days, marked by a green rectangle with "20 bars, 140d Vol 227.718K." - There is a blue arrow suggesting a potential future price increase, similar to the previous patterns. The chart appears to be suggesting that based on historical patterns, Bitcoin could be on the verge of another major price increase, potentially reaching levels above $280,000. $BTC #Write2Earn #Residential_trader

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📊 Global Decentralized Exchange Trading Volumes Decline for Fourth Consecutive Month. The chart is titled "Global Perps. Total 24h Volume (Exchanges)" and illustrates the total 24-hour trading volume for perpetual contracts across several cryptocurrency exchanges from September 2022 to May 2024. The vertical axis represents the volume in U.S. dollars, ranging from $0 to $60 billion. The horizontal axis marks time periods from September 2022 through May 2024. The exchanges are color-coded as follows: - **DYDX**: Green - **Vertex**: Purple - **AEVO**: Brown - **Mango Markets**: Red - **Kwenta**: Dark Green - **Paradex**: Blue - **Blitz**: Mustard Yellow ### Observations: - DYDX (green) consistently dominates the trading volume across all periods, with notable peaks in March 2023 and January 2024, where the total volume exceeded $40 billion. - Vertex (purple) and AEVO (brown) also contribute significantly to the volume, particularly from January 2024 onwards. - Smaller contributions are seen from Kwenta (dark green), Paradex (blue), Blitz (mustard yellow), and Mango Markets (red), with their volume appearing in shorter periods or smaller amounts. Overall, the chart shows fluctuations in total volume, with the highest peaks occurring in March 2023 and January 2024. After January 2024, the total volume begins to decrease through May 2024. $BTC #Write2Earn #Residential_trader

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NEW: 💰 $9 billion in Bitcoin shorts to be liquidated at $68,000 🚀 This image is a chart from a cryptocurrency analytics platform, showing cumulative liquidation leverage data for long and short positions across various exchanges (Binance, OKX, Bybit). ### Key Features: - **Cumulative Short Liquidation Leverage (Green Line):** Indicates the cumulative amount of leverage that has been liquidated for short positions. This line rises sharply, particularly after the price crosses a certain threshold. - **Cumulative Long Liquidation Leverage (Red Line):** Indicates the cumulative amount of leverage liquidated for long positions. This line shows a declining trend. - **Current Price Marker (58200):** A dashed line marks the current price of the cryptocurrency at 58,200, which is used as a reference point. - **Exchange Data:** The chart includes liquidation data from major exchanges (Binance, OKX, and Bybit), with different colors representing each exchange. - **Specific Data Point:** At the point where the price is at 68057, the cumulative short liquidation leverage is shown to be 9.17 billion. ### Summary: The chart primarily illustrates that a significant amount of short positions were liquidated as the price increased, especially after surpassing the 58,200 price level. In contrast, long liquidation leverage has been steadily decreasing. $BTC #Write2Earn #Residential_trader

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Market Is Neutral With $36.88 Volume ⚠️ The image shows two financial metrics: 1. **Fear & Greed Index**: - The index is at **45**, which is labeled as "Neutral." This suggests that the market sentiment is balanced, neither too fearful nor too greedy. 2. **Volume**: - The volume of trades is **$36.88 billion**, with a significant decrease of **46.24%**. The graph shows a downward trend, indicating reduced trading activity. Weekend Effects ‼️ $BTC #Write2Earn #Residential_trader

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Market Update - Bitcoin has now given a retest of the $57.6k (Monday Low) reclaim. A good reaction from this area which is what we were looking for. $58.6k (Weekly Open) has now been reclaimed and this is the current 4 hour support. As long as this holds then we could see a push to test $60.6k (Monday High) We can expect resistance in this area, particularly if it is a low volume weekend. $BTC #Write2Earn #Residential_trader

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