As Bitcoin ages, each cycle's MVRV peaks get smaller. To better analyze this trend, we use a tool called the Z-Score, which helps normalize these changing patterns.
The Z-Score formula is simple: - Take the current value minus the average - Divide by the standard deviation - Result shows how far from normal the current value is
However, there's a catch: Using all of Bitcoin's historical data can be misleading. The early cycles had much higher peaks, which can skew our calculations. This makes it harder to understand today's market conditions accurately.
The roadmap we had in mind for #Tether Dominance is still valid and the latest leg that extended further to the lower level before market starting its retracement upwards was due to the hype created from Mr. Trump's Inauguration. ⚡️
Now the next possible movement for this index is forming a double bottom to gather enough momentum to go and meet higher levels around 4.12%. 🕯
The EOS blockchain is a decentralized platform designed to host, develop, and execute high-performance decentralized applications (dApps). It aims to provide developers with a user-friendly environment for building applications while delivering high transaction speeds and no transaction fees for end users.
Key Features of EOS Blockchain:
1. High Scalability: EOS is built to support thousands of transactions per second (TPS), making it one of the fastest blockchains.
2. Zero Transaction Fees: Users don’t pay fees directly; instead, developers use system resources like CPU, RAM, and network bandwidth.
3. Delegated Proof of Stake (DPoS): EOS uses this consensus mechanism, where token holders elect block producers to validate transactions and secure the network.
4. Smart Contracts: Developers can deploy smart contracts using WebAssembly (WASM) and programming languages like C++.
5. Governance: Features an on-chain governance system that allows the community to vote on proposals and amendments.
Popular Use Cases:
Decentralized Finance (DeFi)
Gaming and NFTs
Supply Chain Management
Social Media and Content Platforms
Developer Tools:
EOSIO Software: The underlying blockchain software.
EOS Studio: A tool for deploying and testing smart contracts.
Developer SDKs: Libraries and tools for integrating EOS with other systems.
Investors are worried that BTC will have a strong correction to 85k with a lot of FUD recently and are selling in panic. Meanwhile, the US is buying back a lot and there may be a strong recovery soon when the market is still accumulating at this time.
#BITCOIN Dominance is once again at a decision point after playing some games and going up and down since our latest update. 🕯
The type of reaction we get at the highlighted circle is important because if we break it upwards, #altcoins will bleed more again. And if we get a rejection, we may see some recovery money coming back to #alts. ➕
BTC is attempting to stabilize at current levels. We’re monitoring the market closely and believe it’s not the time for massive positions just yet.
Remember, a few days ago, we suggested closing long positions, which likely saved many of you from losses.
The next three months hold huge trading potential, and we’re gearing up to share some incredible signals this bull run! Stay tuned big opportunities are coming your way.
Even with Bitcoin trading about 12% below its all-time high, Long-Term Holders (LTHs) continue to distribute, albeit at a slower pace. However, the 30-day percent change in LTH supply indicates that the rate of distribution has likely peaked, mirroring extremes observed in previous cycles.$BTC #USJobsSurge256K #AIXBT,COOKIE,CGPTOnBinance #XRPRealityCheck $ETH $XRP
Impact on Crypto? The strong job data signals a resilient economy, which could lead to hawkish Fed moves! 🚨 High volatility expected for #BTC and #Altcoins. $BTC $ETH $XRP